YOu have to be wary of pumpers and downrampers on any forum.It...

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07/06/24

11:14

Post #: 74211767
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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...!

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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
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YOu have to be wary of pumpers and downrampers on any forum.It...

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YOu have to be wary of pumpers and downrampers on any forum.It...

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