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$3.69 azure minerals limited

Ann: SQM to Invest A$20 Million for 19.99% of Azure, page-55

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blueskybaby

5,276 Posts.

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11/01/23

15:29

Post #: 65638656
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Originally posted by MrLong2019: ↑

I’m being realistic whilst you are obviously part of the upramper army.

Just look at how the majority talked up Andover back in 2020 with unfounded comparisons being made with major nickel deposits around the world.

The big talk on Andover has now turned to silence.

I see much of the same now with no drilling having commenced on their Lithium search, yet their potential being trumped up due to a small investment by a mining company - which is highly speculative.

In Dec 2020, capital raising was at circa 75 cents, the price then popped to $1.02 and crashed back to 20 cents within a year.

When I say investors will be disappointed, I mean that based on a factual history.

And there’s no escaping history with the same Managing Director in tow.

Expand

yep SQM have got heaps of bets out in Oz. But I don’t think this is overly negative. Exploration ain’t cheap so the extra cash won’t hurt. But yes that cap raise at 74c in Dec 2020 was in hindsight quite a joke and a big part of the reason Brammel quit IMO. I think the odds here have dramatically improved today however

Last edited by blueskybaby: 11/01/23

AZS Price at posting: 30.5¢ Sentiment: None Disclosure: Not Held
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