This is why we should oppose the scheme of arrangement offer.
Also - and not least - the market for lithium is "immature" according to the person Joe Lowry who first set a price for Li, to sell it to 3M for use in sticky labels 'post-it notes'. Right now the Li price is artificially low as the market is flooded with the cheap and unstable Li from China (it tends to catch fire and explode....not very desirable. Converting to more stable form is expansive which is why they are desperate to get their hands on pegmatite Li).
Inadvertently Gina's extension to the due dates on the SOE has allowed more drill results to creep in.
How embarrassing! They say it's just infill to the MRE. But the entire picture is far bigger than that.
Why haven't they held on and tried to develop it themselves? Joe Lowry offered to broker advanced sales which would have financed a mine! That would have meant this went to full maturity, and the price of Li would have matured as well. It's going to mature in only 2 years when demand for pegmatite based Li, which is more stable
AZS Price at posting:
$3.62 Sentiment: Hold Disclosure: Held
