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AZL - Arizona Lithium

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HWK firing up in the last few days. Previously it was very thinly traded and watching the daily price action was about as exciting as watching paint dry.

But things really started to pick up on 13 January and then exploded on 14 January.

Predictably, the ASX wanted to know why given the absence of announcements and the company responded with the following:





The price action in the last week looks to me like someone is taking a large position, possibly in anticipation of a takeover. 400 million shares is substantial volume. However, we will need to wait until any Change in Substantial Holding notices are released to be sure.

However, that is just my suspicion and I could be wrong. Time will tell of course.

 
Some help please!

I bought a piece of this yesterday but today I came to sell and it comes up as 0 available to sell. Any ideas why this would happen?

My portfolio says they are still there but I cannot sell?

Thanks
 
Mickymouse said:
Some help please!

I bought a piece of this yesterday but today I came to sell and it comes up as 0 available to sell. Any ideas why this would happen?

My portfolio says they are still there but I cannot sell?

Thanks
Click to expand...

Not sure why this would happen @Mickymouse, but I hope you have sorted it out. You would have been better hanging on, she's spiked again today after this announcement this morning:




 
Battery grade lithium carbonate at 99.7% purity produced from the Big Sandy Project in Arizona.



The next phase of resource drilling is about to start, pending the imminent receipt of approvals from the Bureau of Land Management. HWK is worth keeping an eye on now that Biden is in the White House.
 
Another update from HWK this morning. Battery grade 99.8% Lithium Carbonate has been produced at the company's Big Sandy Lithium Project.



Based on the above figures, it would appear that HWK are sitting on around $4 billion of Lithium Carbonate at Big Sandy. Market cap is around $60 million. So what is HWK really worth? ?
 
HWK dipped to as low as 2.2c in late June, but bottomed out there and in the last few weeks has tuned bullish again, running from 2.7c to a high 5c today. Finished at its high of the day too. Volume has been increasing in the last few trading sessions.

I'm not quite sure exactly what's brewing here, but I suspect news is on the way very soon.

 
I've selected HWK for the Oct21 monthly comp. After the past two weeks I need lithium. It's a great manic depressant and the market action has been a bit manic lately. The chart looks promising after today's bullish bar.

 
On October 4th, 2021, Hawkstone Mining Limited (HWK) changed its name and ASX code to Arizona Lithium Limited (AZL).
 
Arizona Lithium Limited
The 2021 year has been a very active one for the Company with exploration and project acquisition building the portfolio of lithium and gold projects.

Highlights of the year include:
• The planned spin out of the gold projects, Devil’s Canyon, Western Desert and Lone Pine into a new company, Diablo Resources Limited, leaving Arizona to become a lithium focused explorer. The company was renamed Arizona Lithium Limited on 2 September 2021 and will focus on the Big Sandy and Lordsburg Lithium Projects.
• Excellent results from ongoing metallurgical testwork by Hazen Research on the Big Sandy mineralised material with the production of 99.8% battery grade lithium;
• A successful maiden drill programme on the Lone Pine Gold Project in conjunction with extensive rock chip sampling and the acquisition of the King Solomon mine leading to a major expansion of project.
• Acquisition of the Devil’s Canyon Gold Copper Project located in the “Carlin Gold Trend”. Highly anomalous rock samples were reported from several areas in the project with peak results of 191.5 g/t Gold (Au), 524 g/t Silver (Ag) and 10.25% Copper (Cu);
• The Western Desert Gold Copper Project was significantly expanded and exploration consisted of both ground magnetic and gravity surveys to complement the stream sediment geochemical programs, geological mapping and photogeological interpretation.
 
For the chart based traders.
Good example of the "pocket pivot" bar that we've often mentioned in @Skate 's thread.
It's a high volume bullish bar that sprints out of a recent price range. It can break out to a new high on it's own or it can appear before the BO as in this case. It's not due to retail traders.



There was an earlier attempt (Sept 27), high volume but didn't close near it's high. Supply still present then. The high of this bar becomes the new BO price level for those who noticed it.

Edit: The 1st blue bar near the end of Sept made it into my scan results and this is what made me aware of the possibility for higher prices. This 1st BB tempted me to select AZL in the Oct monthly comp. The HVBB (pocket pivot) tempted me to buy it.
 
The Directors, in their response the the ASX Price and Volume query did not divulge that AZL was the monthly selection of a lucky wanker at ASF. How did they not know about this?

It appears that my minions continue to run amuck.
 
peter2 said:
The Directors, in their response the the ASX Price and Volume query did not divulge that AZL was the monthly selection of a lucky wanker at ASF. How did they not know about this?

It appears that my minions continue to run amuck.
Click to expand...
As they say, it's timing the market, @peter2 . A day earlier and you would have been heavily discounted!!

Arizona Lithium is tapping institutional investors for $12 million, with the funds set to go toward drilling, a pilot plant and research facility and the purchase of water rights.

The company’s flagship project is the Big Sandy Project, located in Arizona. The US state is a fast-growing mining destinations, and is now the world’s fourth largest copper producer.

The offer is priced at 7.5¢ per share - a 15.7 per cent discount to last close - and it comes with one free attaching option exercisable at 12¢, expiring 12 months from issue.

The company has mandated Evolution Capital and PAC Partners as joint lead managers for the raise.
 
With only looking at the charts for my picks, I have chosen AZL as 1 of my 4 picks in the Tipping Competition for Full CY 2022.
Thought I'd post a quick chart recording my thoughts at this time.
.
There has been a lot of interest over the last 18 months with price and volume increasing and mostly stronger than the XAO over this time. Short term MA now above the Long term MA with price above both.
.
Love to see this head up towards the $0.35 level by the end of this year. I don't know if it will but if it does it will be a great return, over 200%

 
Big volume day. Largest since 29 November on no news.
At a 3 month high but i suspect it will run further.
I actually still consider USA some measure of sovereign risk, they want the BEVs, but not necessarily the holes in the ground for the raw material.
 
I've picked AZL for the March Monthly Tipping Comp as well as the 2022 CY Comp. At one time I was up nearly 100% on this stock in this year's CY Comp but it has now pulled back to basically where it started from, around the 11 cent mark. I've got confidence in AZL because Lithium will still be in high demand and with this pullback the smart buyers will pick away at good prices.
Price is back at the LT EMAs (support ) so if the market kicks up I'm sure AZL will as well.

 
I love the AZL chart so much i have entered her in the April Comp

Almost all my instruments are au GO!
Bon Voyage to all and Stay Well
 

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AZL raised capital from some very lucky insto and sophisticated investors last week at 0.125 per share. Closed today at 0.24.

 
my systems missed 2 parcels at open..just one owned from previous entry..flying quite well today indeed
 
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