Clarifying 25% off take right of SQM still good I recognise it's...

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dolcevita

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29/10/23

22:09

Post #: 70603045
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Originally posted by dolcevita: ↑

I can't see SQM walking away completely. They have a 25% offtake right already.

Yes but that may be all they get if the FIRB decision goes against them.
I wasn't contemplating this happening but the more I think about it the more possible it seems.

So AZS's buyers get the benefit of a possible production deal with SQM or may have the capacity themselves, like MinRes.

SQM can't complain they got 25% super cheaply.

Now the register is more tightly held, traders are onto other plays and on the back of a possible run of excellent drill results (we hope!). you have
1. hedge funds buying in for the arbitrage
2. possible accumulation by a third party
3. Gina sitting sweet plus more neurology with Turner River

Inadvertently Money of Mine may have played into Gina's hands by telling holders they only upside for months of waiting is a 1c premium.I find this irresponsible of them and inaccurate. Those guys are far too self-satisfied they really pizza me off sometimes. This may explain Alex Rovira's tweet.

Meanwhile AZS management must suck it up and make decisions in the best interests of shareholders including continuing to ramp up the drilling program.

Regardless of all the games and theatre, I want this to run a heck of a lot harder! $3.50 is nowhere near the sweet spot for me.

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Clarifying 25% off take right of SQM still good I recognise it's not the 25% of the deposit, but they did want access to the resource. They may have to pay market price for it.

AZS Price at posting: $3.50 Sentiment: Buy Disclosure: Held
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Clarifying 25% off take right of SQM still good I recognise it's...

Top Stories

Dale Gillham's weekly wrap: US fracking support boosts outlook for Australian gas stocks

Enova Mining unveils "high-grade" REE drill hits at Coda North, Brazil

Antipa divests its Citadel interest to JV partner Rio for A$17M, refocuses on Minyari Dome

Vulcan appoints investment bank and M&A veteran to board

Medallion Metals kicking off 15,000m drill run at Ravensthorpe gold play

Mako sniffs gold at 170 g/t at Cote d’Ivoire's Napié play

Week 37 Wrap: HotCopper likes Cuban oil; markets shrug debate off for Putin; firebrand quant says social media a market threat

Utah authorities sign off on Anson's lithium extraction plans at Green River

Metals Australia kicking off plant study at Lac Carheil; Canadian tariff tailwind potential

Olam Agri raises Namoi takeover offer to 75 cents a share and receives shareholder backing

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