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$3.69 azure minerals limited

smarties The division of the world is not yet over.Access to the...

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Kamprad7

499 Posts.

117

22/02/24

19:18

Post #: 72544989
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Originally posted by adesso: ↑

I don't think someone is spending more than $200m to get the likely (but not certain) $3.65 (the takeover offer). That would be a very high risk strategy.

I think there is more to this, and I'm hoping for a left field offer well above the $3.70 bid offer by whoever bought the Minres parcel.

My thinking is totally biased on two fronts:
1. I'm a holder and I'm greedy.
2. I believe Andover will prove to be incredibly valuable in 5 years time and lots of smarties know this.

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smarties
The division of the world is not yet over.
Access to the necessary resources will be more important than their price.
SQM has already felt it.
Look at Mexico, ban on opencast mining is being discussed.
The big players in the industry are better informed about our government's long-term strategy than we are.
Andover is a true asset on a global scale.

Of course it doesn't matter for short term traders, I know.

AZS Price at posting: $3.48 Sentiment: Hold Disclosure: Held
4 Upvote

0 Great analysis

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