AZY 7.69% 1.2¢ antipa minerals limited

Firstly I agree Antipa is a prime takeover target. However I...

  1. 698 Posts.
    lightbulb Created with Sketch. 362
    Firstly I agree Antipa is a prime takeover target. However I disagree that management would not be up to the task to take the operations to production. Of course many at Azy have a strong geology background. However there are members there with project and plant design experience like Gary. Of course when Azy gets to that stage more experienced staff would be crucial and I'm sure it would be a natural progression for the team to grow. Funding is always the hard part. Hence why developing strong relationships with our JV partners is crucial. I guess the point I always come back to is this. If a company offered Antipa 200 million as a takeover bid would you as a shareholder agree. Most would say it is worth a lot more. So why arent you buying at 1.2c? And there is the real problem. There is no liquidity in the market. I bought some more at 1.1c on Friday. No brainer here. Worst case scenario I see is a takeover at 4X.
 
watchlist Created with Sketch. Add AZY (ASX) to my watchlist
(20min delay)
Last
1.2¢
Change
-0.001(7.69%)
Mkt cap ! $49.61M
Open High Low Value Volume
1.2¢ 1.3¢ 1.2¢ $19.76K 1.618M

Buyers (Bids)

No. Vol. Price($)
14 7015066 1.2¢
 

Sellers (Offers)

Price($) Vol. No.
1.3¢ 4576981 9
View Market Depth
Last trade - 16.10pm 15/05/2024 (20 minute delay) ?
Last
1.2¢
  Change
-0.001 ( 4.00 %)
Open High Low Volume
1.3¢ 1.3¢ 1.2¢ 1230840
Last updated 15.54pm 15/05/2024 ?
AZY (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.