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$3.69 azure minerals limited

My mail from someone with a lot of knowledge in this area is...

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platman

2,745 Posts.

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18/11/23

17:41

Post #: 70978949
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Originally posted by AlphaDelta: ↑

Sharp plunge? Are you forgetting SQM's back up off market offer of $3.50 that has no minimum acceptance condition?

I can't speak for SQM, but even if they manage to get >40% they will be able to exert significant influence in the direction of the company. Remember they have 25% offtake rights. That is their prize. At $3.50 with what is looking like a 200Mt+ deposit, that appears to tick a lot of boxes in terms of pathway to production, with a mineral resource that appears to be in high demand for a decade or more and significant exploration upside, I wouldn't necessarily assume that $3.50 is overs.

If the SP sharply plunges may I suggest there will be one or two in the queue to buy below $3.50 going for the arbitrage.

I see the biggest risk to the $3.50 offer to be FIRB approval. If that doesn't go through the SP is no longer backstopped.

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My mail from someone with a lot of knowledge in this area is that the FIRB not being approved is extremely unlikely.

AZS Price at posting: $4.05 Sentiment: Hold Disclosure: Held
8 Upvote

0 Great analysis

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