AZL

5.26%

1.8¢ arizona lithium limited

BLM BIG SANDY APPROVED!, page-41

First 41 Last

Share
Profile

Follow
cuppa

9,448 Posts.

333

07/06/24

11:14

Post #: 74211767
Share
Originally posted by mondyinvest: ↑

Beware the pumpers. AZL have got finally approval to drill out a project which in my opinion will never be economic. Consider:

The company refused to release the Scoping Study even at a time when lithium prices were through the roof - massive red flag. This is likely because the estimated capex costs were far too high. Just take a look at what LAC's Thacker Pass is looking like and other unconventional deposits like Ioneer... impossibly high capex figures.
Now that lithium prices have come off so hard and even the lower-cost spodumene producers are doing it tough, there's zero chance a sedimentary deposit held by a junior gets up
AZL seemed to acknowledge this by their actions, effectively turning their attention towards a low-grade lithium brine deposit in Canada (lol) and blowing out the share register to acquire and pursue Prairie.

But don't think for a moment that the company won't use BLM approval as massive promotion opportunity. Problem for holders is that if they do actually want to drill out what is most likely a completely uneconomic project, they're going to have to tap that Acuity ATM for cash and continue diluting holders to oblivion. For now I'll let the pumpers push their story so they can try and offload their bags, but watch and learn what happens...!

Expand

YOu have to be wary of pumpers and downrampers on any forum.It is what it is.
AZL Price at posting: 2.2¢ Sentiment: None Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

Wealth Within weighs in on shock 4% inflation read – and stocks that could survive the gloom

RCE

Recce's R327 found effective against E.coli during clinical trial

LU7

Lithium Universe (ASX:LU7) board visits Quebec to engage key stakeholders

SVL

Silver Mines models five new calderas close to 396Moz Bowdens deposit

SS1

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

Microcap Wrap: 5 explorers with news out today

CMX

ChemX Materials kicks off first stage works at WA high purity alumina pilot

AVA

Ava Risk Group expands US presence with A$0.7M Substation Deal

Week 26 Wrap: Cerberus of inflation barks – rents, electricity & fuel – and world watches two elders bicker

LRV

Larvotto identifies new exploration target at NSW's Hillgrove, boosting shares by nearly 20%

There are more pages in this discussion • 241 more messages in this thread...

First 41 Last

Add AZL (ASX) to my watchlist

(20min delay)
Last 1.8¢		Change -0.001(5.26%)		Mkt cap ! $80.52M

Open	High	Low	Value	Volume
1.8¢	1.9¢	1.7¢	$237.9K	13.22M

Buyers (Bids)

No.	Vol.	Price($)
4	1440797	1.8¢

Sellers (Offers)

Price($)	Vol.	No.
1.9¢	2008049	20

View Market Depth

No.	Vol.	Price($)
4	1440797	0.018
24	4556102	0.017
22	6494024	0.016
16	3325121	0.015
11	3682660	0.014

Price($)	Vol.	No.
0.019	2005549	19
0.020	1961148	13
0.021	6087571	5
0.022	2806644	10
0.023	2248316	10

Last trade - 16.10pm 28/06/2024 (20 minute delay)

AZL (ASX) Chart

BLM BIG SANDY APPROVED!, page-41

Wealth Within weighs in on shock 4% inflation read – and stocks that could survive the gloom

Recce's R327 found effective against E.coli during clinical trial

Lithium Universe (ASX:LU7) board visits Quebec to engage key stakeholders

Silver Mines models five new calderas close to 396Moz Bowdens deposit

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

Microcap Wrap: 5 explorers with news out today

ChemX Materials kicks off first stage works at WA high purity alumina pilot

Ava Risk Group expands US presence with A$0.7M Substation Deal

Week 26 Wrap: Cerberus of inflation barks – rents, electricity & fuel – and world watches two elders bicker

Larvotto identifies new exploration target at NSW's Hillgrove, boosting shares by nearly 20%

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

BLM BIG SANDY APPROVED!, page-41

Top Stories

Wealth Within weighs in on shock 4% inflation read – and stocks that could survive the gloom

Recce's R327 found effective against E.coli during clinical trial

Lithium Universe (ASX:LU7) board visits Quebec to engage key stakeholders

Silver Mines models five new calderas close to 396Moz Bowdens deposit

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

Microcap Wrap: 5 explorers with news out today

ChemX Materials kicks off first stage works at WA high purity alumina pilot

Ava Risk Group expands US presence with A$0.7M Substation Deal

Week 26 Wrap: Cerberus of inflation barks – rents, electricity & fuel – and world watches two elders bicker

Larvotto identifies new exploration target at NSW's Hillgrove, boosting shares by nearly 20%

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News