Working behind the scenes on lithium for 12 months before...

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OZTA

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28/02/23

20:35

Post #: 66523172
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Originally posted by SugeKnight: ↑

Many of you may have already seen this video, but i thought i'd keep this thread up to date. This interview with the MD was released 8 days ago. Im pretty much just jotting down my thoughts as i continue my own research

At the 5:35 mark Anthony Rovira clearly says "and then they completed the DD (due diligence) which has now been finishedand we are entering into an offtake arrangement.... once we've signed that offtake agreement which is only a week or so away.....once we've done that, thats the last of their conditions, so then they take the other 15% of us for the full $20M"I was thinking why they didn't announce the first part to market officially via an ASX announcement (due diligence complete and investment into AZS confirmed) - however i have noticed that part of the condition to actually finalize this deal is to sign the offtake agreement. So they can't actually finalize the investment until the offtake is signed - they come hand in hand. It makes a bit more sense now. Good news is that this should be any day now going by the MD's words.

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Working behind the scenes on lithium for 12 months before announcing to the market as they tried to work out whether this is the real deal or not.

For anyone interested in charts, I've noticed a pattern whereby the SP retraces before announcing a stellar announcement. Fingers crossed.

Guess we will find out soon.

AZS Price at posting: 28.5¢ Sentiment: Hold Disclosure: Held
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