Ann: Becoming a substantial holder, page-37

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dolcevita

30,353 Posts.

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28/10/23

10:21

Post #: 70590284
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Originally posted by Swift4: ↑

I get the feeling people are thinking Gina's AZS move will smash our SP the way LTR's went down recently. You can't blame Gina for all of LTR's woes.
A $375 million capital raising at $1.80 didn't help their cause as cost blow-outs due to inflation and a suppressed lithium price make direct shipping of ore uneconomical.
Some posters are asking could Joe blogs and John Smith come in and each buy up another 19.99% each. Well with SQM'S, Mark's,The Germans and now Gina's 18% it makes the register more tightly held and those wanting in now will have to pay heaps more to get in.
You would have to think an ASX300 inclusion is a given in the next rebalance and those obliged to buy in will pay more.
Actually good to see Gina holding on to some of our Australian resources. Sometimes I feel the government couldn't give a flog and we would be 10 years down the track going through a electric vehicle transition with all our lithium owned by foreign companies. Let's not completely sell the farm, no way China would.
TA 3 results due in less than 10 days max, let's see what those shiny drill cores contain. If they are decent , IMO $3.5 is still cheap I mean real cheap.

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Yep and LTR doesn't have the massive pegmatites like AZS has. That's also key difference in terms of in ground value but yet to play out fully.
Next results are going to be pretty exciting...

AZS Price at posting: $3.50 Sentiment: Buy Disclosure: Held
8 Upvote

0 Great analysis

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