I reckon the trading halt extending the announcement is classic Mark Creasy play. Tony said in one of his videos that Creasy was a bloody hard man to deal with and it’s on his terms or nothing. Creasy doesn’t consider counter offers - the first offer is the best and only offer.
Sounds like Creasy is preserving his 40% JV but playing hard ball with his 13-odd percent of AZS. SQM are haggling with the major shareholders with an offer to get the majority support BUT SQM still need a joint venture eg WES in order to get FIRB takeover approval given the Chinese are major shareholders of SQM.
It will be interesting if the takeover creates the same outcome as LTR whereby Hancock or Ellison start buying a blocking stake. I understand both have small stakes in AZS.
AZS Price at posting:
$2.44 Sentiment: Hold Disclosure: Held
