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$3.69 azure minerals limited

It gets more complicated. It’s unlikely all these biggies will...

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adesso

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14/11/23

14:13

Post #: 70892266
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Originally posted by GoldBug26: ↑

Assuming the rumours about them holding 2-3% prior to this news being true, if PLS acquire between 7.8m to 11.7m more shares that puts them in substantial holder territory. From memory about 25% of the company is held by retail (please correct me if I'm wrong), so it seems they can still amass a sizeable blocking position. If that's the case, SQM have sat on their hands for too long to get the 50.1% that they craved at a minimum, unless MC decides to vote in their favour if a knockout offer comes our way. Delphi only care about the money, and GR and CE won't sell.

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It gets more complicated. It’s unlikely all these biggies will be happy bedfellows. The only resolution is for someone to take out everyone (including me). $5 will get me, but we retailers are now only 20-025%. Which of the Biggies will fold?

Exciting, but I wish it would come to a conclusion soon.

In the meantime, we want a TA3 report.

AZS Price at posting: $4.24 Sentiment: Hold Disclosure: Held
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0 Great analysis

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