The only conclusion I can draw from today’s trading is there’s definitely a rival bidder about to show a few of their cards.
This bodes very well for those of us who’ve held on. In theory it makes this a strong buy even at these prices, so I’m changing my sentiment accordingly.
I wonder if this was always the long term strategic play by TR and MC (it’s hammer time!)? They knew the drill bit would prove up a gargantuan resource and that the SQM bid, although a reasonable one considering development risks, was never going to cut it.
I expect an ANN within a week advising of huge hits at TA3 which will smash the 100-240MT MRE out of the park.
AZS Price at posting:
$3.65 Sentiment: Buy Disclosure: Held