Australian (ASX) Stock Market Forum

AZS - Azure Minerals

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Sean K said:
She seems to be buying things after they've taken off. Must just have too much money burning a hole in her many pockets.
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She might have a thing about trying to keep Australian assets in Australia, so to speak.
If so, I commend her actions.

Grubberment should be all over keeping our rocks and holes ownership here at home, IMO.
 
frugal.rock said:
She might have a thing about trying to keep Australian assets in Australia, so to speak.
If so, I commend her actions.

Grubberment should be all over keeping our rocks and holes ownership here at home, IMO.
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Yeah, I was thinking that might be her motivation. She's a patriot. She should team up with Twigger to disrupt this stuff a bit more often. Like, letting NCM go to NEM was a shocker IMO. They could have put a pause on that deal pretty quickly. Especially Forrest who already had an interest.
 
Sean K said:
Yeah, I was thinking that might be her motivation. She's a patriot. She should team up with Twigger to disrupt this stuff a bit more often. Like, letting NCM go to NEM was a shocker IMO. They could have put a pause on that deal pretty quickly. Especially Forrest who already had an interest.
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Twiggy may have agreed not to do any blocking in return for something else from Newmont, can't imagine what it might be though.
Maybe a passive investment in one of his green strategies?
Mick
 
AZS has been my non competitive tip for annual tip competition reminds me every time of being slack not only to put the tip after closing time as well as not to put any money for game sake.
Any way past is past, please find the extract of recommendation (within copy right provision) from FP basically suggesting enough is enough and now AZS will come down the hill.
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Miner said:
AZS has been my non competitive tip for annual tip competition reminds me every time of being slack not only to put the tip after closing time as well as not to put any money for game sake.
Any way past is past, please find the extract of recommendation (within copy right provision) from FP basically suggesting enough is enough and now AZS will come down the hill.
View attachment 164894
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You get bragging rights Miner. Worth more than $1k.
 
bargy without the argy.
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MinRes, which spans iron ore and lithium interests, declared SQM’s $1.6 billion takeover offer for Azure Minerals “dead in the water” amid a battle for control of the exploration target.

Mr Ellison said MinRes wanted a big piece of Azure’s Andover project in WA in a blow to any hope of the Chilean lithium giant succeeding with its takeover tilt.

MinRes has a 13.56 per cent stake in Azure, Gina Rinehart 18.9 per cent and SQM 19.9 per cent. Prospector Mark Creasy separately owns 40 per cent of Andover.

“If you look at the share register, you’ll find there are probably about half a dozen different organisations that actually own almost all of Azure. I’m not sure of any of those are willing sellers,” Mr Ellison said. “A couple of them, I’d imagine. But there’s probably three or four in there that are buyers.”

Asked if he was interested in buying the Creasy stake in Andover, the MinRes boss said: “I’m sure that all of us would like to buy it. But it’s just a question of time and price.”

Azure stock closed at $4.02 on Thursday. SQM offer is pitched at $3.52 a share.

Mr Ellison denied claims that he was working in concert with Mrs Rinehart’s Hancock Prospecting as part of a strategy to lock up lithium assets in WA’s Pilbara and Goldfields regions.
 
$3.57 .. or still above the offer
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Docos lodged for proposed acquisition of 100% of the shares in Azure by SQM Australia Pty Ltd, a wholly-owned subsidiary of Sociedad Química y Minera de Chile S.A., by way of a scheme of arrangement for a cash amount of $3.52 per Azure Share and a simultaneous conditional off-market
takeover offer for a cash amount of $3.50 per Azure Share should the Scheme not be successful.
 
from around the traps.... much of which we knows.

Azure Minerals (ASX:AZS) and its four significant investors, who have spent the majority of the past month in a wary standoff, are finally making amends this week. A flurry of share buying and transactions led to substantial holdings, followed by a period of silence. However, recent reports suggest that discussions are now underway between SQM, the Chilean-Chinese lithium giant, Gina Rinehart's Hancock group, Chris Ellison's Mineral Resources, and the major shareholder, Mark Creasy.

Trading in Azure shares was suspended on Monday at $3.63 as the company announced an upcoming "material update" regarding the $1.6 billion takeover bid from Chilean giant SQM, expected to be revealed by Wednesday, December 20. While no further details have been disclosed, Western Australian mining industry insiders are speculating that a peace settlement will be unveiled this week.

Hancock holds approximately 18%, Mineral Resources around 12.3%, Mark Creasy possesses about 13.2%, and SQM maintains a 19.9% stake in Azure. Azure also owns 60% of the highly prospective Andover lithium prospect in the Pilbara, with Mark Creasy owning the remaining 40% and playing a pivotal role in any potential deal.

SQM's $3.52 per share offer is contingent on "no shareholder, other than SQM, acquiring more than a 19% interest in Azure." SQM also has a backup plan with its $3.50 per share off-market takeover, which would require 50.1% acceptance. While this would grant majority ownership, it would necessitate the removal of Hancock and Mineral Resources for a compulsory takeover, an unlikely outcome. Therefore, a deal or partnership appears to be the most viable solution for the time being.
 
and here it is... argy bargy over cents which equate to big bickies


Azure has entered into a new binding Transaction Implementation Deed with Sociedad Química y Minera de Chile S.A. and Hancock Prospecting Pty Ltd under which it is proposed that the Joint Bidders (via SH Mining Pty Ltd) will acquire 100% of the shares in Azure by way of a scheme of arrangement for a cash amount of A$3.70 per Azure share, or if the Scheme Proposal is not successful by way of an off-market takeover offer for a cash amount of A$3.65 per Azure share.

To facilitate the Transaction, SQM and Hancock have entered into a joint bidding agreement governing how the joint bid will be made. The Transaction replaces the existing SQM transaction announced by Azure on 26 October 2023 which comprised a scheme proposal of A$3.52 cash per Azure share and a fall-back takeover offer of A$3.50 cash per Azure share.

• The Scheme Proposal of A$3.70 per Azure share implies a fully-diluted equity value for Azure of ~A$1.70 billion
 
One tipster @Miner picked AZS in the 2023 Yearly Comp. By the end of the year it had gained 1,544%, so it has now been tagged as one of the 4 Best in 2023 Comp.

So we'll keep an eye on it this year and see how it goes. Since the start of this year 2024 it hasn't changed much at all just down 1% so far.

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One of the Best 4 (up 1,544%) in the 2023 Comp)
Only down -1.62% so far this year as the Long term trend is giving the Short term trend support.

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Keeping an eye on AZS - One of the Best 4 (up 1,544%) in the 2023 Comp)

It's dropped in price a little and is starting to fill the gap from last Oct 23. will it stay above $3.00? S/T EMAs are now pushing down through the L/T EMAs.
 
On May 21st, 2024, Azure Minerals Limited (AZS) was removed from the Official List of ASX Limited in accordance with Listing Rule 17.11, following implementation of the scheme of arrangement between AZS and its shareholders in connection with the acquisition of all the issued capital in AZS by SH Mining Pty Ltd, a bid vehicle jointly owned by Sociedad Química y Minera de Chile S.A. (through its subsidiary SQM Australia Pty Ltd) and Hancock Prospecting Pty Ltd (through its subsidiary Hanrine Future Metals Pty Ltd).
 
System said:
On May 21st, 2024, Azure Minerals Limited (AZS) was removed from the Official List of ASX Limited in accordance with Listing Rule 17.11, following implementation of the scheme of arrangement between AZS and its shareholders in connection with the acquisition of all the issued capital in AZS by SH Mining Pty Ltd, a bid vehicle jointly owned by Sociedad Química y Minera de Chile S.A. (through its subsidiary SQM Australia Pty Ltd) and Hancock Prospecting Pty Ltd (through its subsidiary Hanrine Future Metals Pty Ltd).
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Yes it's ride is over and we won't be covering another stock for The Best 4 in Comp 2023. We will carry it's final price 3.69 to the end of the year.
 
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