- The Scheme is dead
- Takeover is techically in effect $3.50
Reason to hold,
- Chance of higher offer
- Waiting 1 year for CGT discount 50% of capital gains is nothing to sneeze at
Things to consider SQM already has 20% or so, so if they pick up 36% in absence of higher bid, they are majoirty owner even considering 40% JV with Creasy/Yandal
Creasy/Yandal with 14.78 percent shareholding and 40% of the project outside of shareholding in JV, is the key. Unless SQM or Gina get Creasy onside, AZS is going mining with 3 sigificant players.
The next event horizon is when Creasy free carry is over with DFS. At this point Creasy can tip in cash or cede a percentage of the 40% JV to a Gina or SQM for free carry to production.
This is choose your own adventure Takeover and fizzle out after Takeover is closed.
Finally with more good drill samples a major could just buy it all up with a "where do I sign offer"
DYOR
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