Free livestream of New World Metals Conference (today @ 3.30pm AWST), page-82

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MrLong2019

1,419 Posts.

131

06/09/23

21:42

Post #: 69760967
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Originally posted by calmbeforestorm: ↑

I picked up a two more things one a second listen to yesterdays presentation:

The top 20 shareholders now have 64.5% - so the top 20 have been buying lots of shares- that seems to be post CR which makes it even more remarkable as the Germans have reduced their % shareholding. Looks like Longly is at risk of falling outside the top 100 since he sold a lot and will be diluted more with the CR!

Tony stated they have 2 RC rigs and 5 DD rigs (ie 7 rigs in total) on site and will have another DD rig on site in a few days - 8 rigs in total - looks like they are gradually increasing the number of rigs which is what I anticipated and I expect they will continue to add more rigs maybe to 10-12 over coming months.

Adding more rigs is a great sign of confidence!

Later in the presentation (last slide) he makes the comment:

“this project at Andover is quite remarkable in the continuity and the consistency of the lithium mineralisation that we are hitting in the drilling and potentially could be the one of largest ever found. We are that confident that we have started on our scoping studies… ”

” It just blows us away how good this actually is” is almost his last comment.

The presentation oozed confidence.

Lets hope the TA2 assays results are great and additional TA1 results are better than to date and the subsequent SP escalation is even better!

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I was Top 50 back in 2021 (confirmed). But over the years I increased my position.

Wish there was a way of being more certain now.

All that really matters is I won’t be selling out anytime soon, and I don’t think any other big holders on this forum are contemplating it either. That bodes well for our share price going forward...

AZS Price at posting: $2.87 Sentiment: Buy Disclosure: Held
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