- 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
- Forums
- ASX - By Stock
- Likelihood of offer price increasing?
The Scheme is deadTakeover is techically in effect $3.50Reason...
-
- There are more pages in this discussion • 256 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AZS (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
MTL
MANTLE MINERALS LIMITED
Nick Poll, Executive Director
Nick Poll
Executive Director
SPONSORED BY The Market Online