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$3.69 azure minerals limited

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newbie2016

2,592 Posts.

376

07/10/23

00:54

Post #: 70220101
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Originally posted by MrLong2019: ↑

And why should anyone not think twice about owning this stock, after its meteoric 1000% rise since Jan?

We already saw the first two assays at Target Area 2 drastically miss market expectations. Could the same happen at Target Area 3, which seems to be the big enchilada?

Are the drill results beginning to sour, and if so, what does that say about their ambitious 100mt+ target?

We don’t have metallurgy results yet either - what if they disappoint?

So many questions.
Some very unrealistic targets.
One generous $2.31/share takeover offer by SQM which was swiftly rejected.
In contrast, very few answers.

But we do know that production costs are ever increasing, whilst lithium looks weaker by the minute. Just wait for the world to enter a recession, then it’s bye bye electric vehicle sales. Lithium could end up in oversupply far quicker than markets’ think, at which point Azure’s dream of production would be nothing more than fantasy.

GLTAH & DYOR.

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AZS Price at posting: $2.40 Sentiment: None Disclosure: Not Held
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