bullish
Azure Min (AZS AU): Trading Wide Ahead Of 8th April Vote
526 Views07 Mar 2024 10:26
This is done. Trading at a gross/annualised spread of 2.8%/26.9%. IF you are an arbitrageur, and not already in, I'd get involved here. IF you are a long only investor, I'd be selling.
Boomeranged on Mon, 8 Apr 2024 18:44
On the day shareholders approved the SQM/Hancock transaction, Azure’s shares closed down 7%. The FIRB delay was flagged last week. China’s Tianqi Lithium would indirectly own 11% in Azure post-deal, vs. the foreign limit of 10%. China just lifted tariffs on Aussie wine; and lifted anti-dumping tariffs on a range of Aussie products (barley, coal) last year. FIRB won’t block. This is a buy here.
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