The extract below from the above article caught my eye especially the bits I have highlighted.
"The potential deposit of 150mt to 240mt is unprecedented and worth exploring. Analysts are spruiking Andover as having the potential to bring lithium supply into equilibrium. They have become acutely aware that Azure could be the real deal, possessing an extraordinarily long life, tier-1 projects and assets.
Companies with a potential discovery run, they run and run hard, even after the takeover offer. Azure Andover is a lead character on centre stage for at least the next six months."The last comment reminds me of CHN (excluding TO offer) and the run on its SP. It did a CR about 3 months after its discovery @ $1.05 (more than 6 times is pre-discovery SP) for $30m and 8 months after the discovery raised another $110m @ $3.75 (which was a SP more than 20 times its pre discovery price). SP subsequently went to $10 and is now about $5 with a few other CRs on the way.
