Thoughts on Azure Minerals (AZS) future performance
I was interested in having your views on the likely future performance of AZS following its recent cash raising. Thank you. Brian
The Latest Q&A
Answer
Hi Brian,
As you mentioned AZS recently raised $120mn at $2.40, exactly where the stock was trading on Friday, with the cash used to accelerate exploration and resource drilling at Azure’s Andover lithium discovery in iron ore mining country south-east of Karratha.
Lithium heavyweight SQM and legendary mining investor Mark Creasy both committed to tip into the placement with SQM set to hold 19.9% of the company after the share purchase plan completes – these people are no fools but any company at this stage of its gestation carries a lot of risk!
- We like AZS in the $2-$2.40 region where it’s traded in October.
