So finally an announcement to stir things up. As I wrote last...

So finally an announcement to stir things up.

As I wrote last week, the stock was stuck in a very narrow range for sometime and may need an announcement to get out.

A decent announcement I think, with providing some hope. Many detractors would say that AZL has failed to keep their dates for anything so it does not count. Fair point. But it does provide some hope. Also it has come at a time when Li sector is looking to make a bottom if not made a bottom. Also general markets too seem to be making a bottom. So based on macro, its worth giving a chance.

Personally I did buy some at 1.6, but at this stage have not bought much. Want to see price action. Key for me is to get over 2. My last play here was at 1.9 when I exited at 2.1 when 2 didn't look like holding. I will exit if 1.6 does not look like holding, otherwise hold or buy if it goes higher.

For those interested how AZL is tracking against other Lithium stocks or who hold multiple Lithium stocks, I do a Weekly Report across 96 ASX Li stocks. It has got Weekly/Yearly data how stocks are tracking. I also have commentary across general markets and sector. Those just holding specific stocks, it may not be relevant, so please ignore.

Here is the report for this week.

https://hotcopper.com.au/threads/sya-weekly-report.6951924/page-2#post-70728818