Mining stocks worth researching for AVZ holders

[Remark]

Which ASX lithium shares could be next to appear on the takeover radar?​

While there has been a lot of talk of Core Lithium Ltd being a potential target, this seems unlikely due to its valuation.​

M&A activity is designed to unlock value, but Core Lithium’s valuation is well and truly unlocked… and some more.

Last month, Goldman Sachs highlighted that Core Lithium shares trade at ~1.4x net asset value (NAV) compared to a peer average of ~1.1x NAV.

That’s despite “also having the lowest average operating FCF/t LCE.”

Its shares have risen 8% since then, making the premium even greater and (probably) ruling out a takeover approach.

What else?​

So, what else is left?

Well, one ASX lithium share that appears to be in the M&A crosshairs right now is Delta Lithium Ltd.

The lithium developer, recently known as Red Dirt Metals, is rumoured to be attracting interest from Mineral Resources Ltd and Gina Rinehart’s Hancock Prospecting.

On Monday, Bell Potter commented:



Watch this space!

Incidentally, Bell Potter has a speculative buy rating and $1.05 price target on the ASX lithium share.

www.fool.com.au/2023/05/23/which-asx-lithium-shares-could-be-next-to-appear-on-the-takeover-radar/


*Food for thought

Frank

Fool for thought

 

[Frank]

Delta Lithium soars on highest tenor intercept to date at Yinnetharra​

Delta Lithium has announced the highest tenor intercept to date at its 100% owned Yinnetharra Lithium Project in the Gascoyne region of Western Australia and a major step out along strike in the M36 pegmatite which has currently been delineated over 1.7km.

The early-stage exploration project covers a large area of 505km2 within the Gascoyne Lithium Province of Western Australia.

• Six well defined mineralised pegmatites at Malinda
• Lithium mineralisation defined from surface to 350m depth so far
• Malinda boasts a ‘Lithium Mile’, comprising two major parallel ore zones M1 and M36 each now drilled out over 1.6km in strike length, remaining open down plunge.

New drilling results, both from M36 include:

• 33m @ 1.9% Li2O from 218m in YRRD118
• 19m @ 1.6% Li2O from 190m in YRRD114

“Yinnetharra is a big system, 216 holes in and we have pegmatites defined along 1.6km of strike, stacked in a package more than a kilometre wide,” executive chairman David Flanagan said.

“Mineralisation is open down plunge and it’s right here in Western Australia, the single biggest lithium producing region on the planet.”

*Happy Now

 

[Remark]

I knew that was coming from some sooner or later

Don't Shoot the Messenger

Let's see who has the Last Laugh

The Fool or the Tool

Food for thought

Frank

P.S - DYOFR next time

I think you've taken my comment the wrong way there Frank, I was commenting on the source (Motley Fool) not the messenger.
Love your work Frank, sorry if I unintentionally offended you.

 

[Frank]

I tell you what Frank, and everyone else for that matter. SugeKnight is one of the better posters on the Crapper for finding good Lithium company’s early, and I have found him to be honest and transparent.

He has done extremely well getting into AZS around the 30c mark with a very substantial holding, and when the SP hit 60c from memory last Friday, he disclosed that he was 100% up and had just sold 50% of his holdings to free carry, which is his in line with his investing strategy. The poor bugger sold the last trading day before the drilling announcement which was the start of last weeks big run. I feel bad for him as it has cost him big time, although no doubt being stringent in his trading strategy has worked very well for him. He goes hard early with conviction then de-risk. Would have worked well on AVZ wouldn’t it

I‘m feeling a bit annoyed at myself as I decided last weekend to sell a decent portion of my GL1 holding to double down on AZS after thinking about doing that for the whole week but that Monday morning announcement stuffed me up also and I have missed out on some big gains there.

As I have mentioned previously, I believe AZS has a big chance of getting up near LTR or even PLS.

Frank has shown their market caps in the posts above.. AZS could still be a good investment if you look at those company’s and are looking long term.

Here’s why ASX lithium stock Azure Minerals has exploded 170% in a month​

This lithium share is lighting up the market this month.

Azure Minerals Ltd shares are pushing higher again on Thursday.

At the time of writing, the lithium share is up 5% to a new 52-week high of $1.31.

This latest gain means that Azure Minerals stock is now up 170% since this time last month.

In addition, as you can see on the chart below, its shares are also now up more than 400% over the last months.

Why are investors scrambling to buy Azure Minerals stock?​

Investors have been buying the company’s shares recently following the release of drilling results for the 60%-owned Andover Project in the West Pilbara region of Western Australia.

Those results showed broad intersections of high-grade lithium mineralisation from seven of the first eight diamond holes that are testing pegmatites.

Management feels this demonstrates the potential for the Andover Project to host lithium resources of world-class scale and tenor.

The good news is that earlier this week, the company followed up this update with another promising one.

On Tuesday, the company revealed that broad intersections of high-grade lithium mineralisation continue to be returned from diamond drilling.

Azure’s managing director, Tony Rovira, commented:

As our drill holes step out to the west, we’re encountering very broad widths of mineralised pegmatites containing high grades of lithium. It’s also pleasing that these latest assay results correlate closely with the presence of spodumene, supporting the Company’s exploration model and allowing us to accurately plan and execute our drilling in advance of receiving assays.

Given the substantial widths and strike lengths of individual pegmatites, and the overall scale of the Andover pegmatite swarm with hundreds of outcropping pegmatites, we’re confident that our project has the potential to host lithium resources of world-class scale.

All in all, this could make Azure Minerals a lithium stock to watch.

www.fool.com.au/2023/06/22/heres-why-asx-lithium-stock-azure-minerals-has-exploded-170-in-a-month/

*Some might say, What the Fuck would those Fools know

More than some of us imo

Food for thought Fletch @Fletch77

Cheers

Frank

 

[Winenut]

I'm still on the sidelines but WML was up 25% on close of trade today

Small volume so we'll see what happens

Might be some news coming in the new financial year that some may be buying into????

I might take a bit of punt and pop an order on in the .012 range and see if pulls back a bit if no particular news comes through in the short term

Very speccy but the MC is small and the management have runs on the board elsewhere

 

[Frank]

I'm still on the sidelines but WML was up 25% on close of trade today

Small volume so we'll see what happens

Might be some news coming in the new financial year that some may be buying into????

I might take a bit of punt and pop an order on in the .012 range and see if pulls back a bit if no particular news comes through in the short term

Very speccy but the MC is small and the management have runs on the board elsewhere

 

[Winenut]

We'll see what happens I guess Frank!

Like I said just watching from the sidelines...

Maybe it gets back to 0.012 or maybe I missed the boat

 

[Frank]

We'll see what happens I guess Frank!

Like I said just watching from the sidelines...

Maybe it gets back to 0.012 or maybe I missed the boat

From memory / experience with IXR recently to name but one

The Boat you are watching, Sail off into the Sunset / Disappear over the Horizon

Usually / always in my case, returns to Shore / Port sooner or later

So don't be surprised to see it back @ 1.2c -1.3c imo

But what the Fuck would i know Wino

Food for thought

Andy - aka Frank

 

[Frank]

I think you've taken my comment the wrong way there Frank, I was commenting on the source (Motley Fool) not the messenger.
Love your work Frank, sorry if I unintentionally offended you.

No worries mate

What i don't get / understand is why everyone takes the Piss out of Motley Fool

When i started out in this Game many Yrs ago, I used there site for much needed Free Research

I don't anymore, haven't for Yrs, but someone had a link on Twitter that i posted recently

I always make a point of including my source, or a Link to my research as i think it's important to do so

I just don't get why so many People have a Problem with them tbo

Or is it just because of their Foolish Name

Apologies for late reply

Life gets in the way

Not enough Hrs

In the Day

Cheers

Andrew - aka Frank

Time for some

Test Cricket

Go Ozzies

 

[Fletch77]

Oh, FFS @Fletch77 !!! Seriously

How the Fuck am i supposed to get my Buy Order filled in the 80's at this rate

Back up the Bus a bit so i can Load Up will ya ffs

It's always the way, When you want em' ya can't get / catch em'

When ya don't want em', can't afford em' or haven't heard about em'

You can get as many as you Fuckin' like at half the Price

View attachment 38809

Sorry for the late reply Frank, I have tried to switch off a bit, it’s been depressing waiting for something to happen here..and also forgot to check in on this thread.

To be honest I just want them to sell the fricken project in a hurry and get our money.. anything over $1.50 and I’m happy. The opportunity cost has been huge. (rant over).

Yes DLI, AZS and LLL to name a few have been on a bit of a tear lately. I bought a decent parcel of those 3 a few months ago and it’s been great watching them in the last month. All have a good future and have been a boost for my portfolio.

I hope you go well with any new stocks you’re getting into mate

 

[Winenut]

Sorry for the late reply Frank, I have tried to switch off a bit, it’s been depressing waiting for something to happen here..and also forgot to check in on this thread.

To be honest I just want them to sell the fricken project in a hurry and get our money.. anything over $1.50 and I’m happy. The opportunity cost has been huge. (rant over).

Yes DLI, AZS and LLL to name a few have been on a bit of a tear lately. I bought a decent parcel of those 3 a few months ago and it’s been great watching them in the last month. All have a good future and have been a boost for my portfolio.

I hope you go well with any new stocks you’re getting into mate

How's that goal from Houston?......

 

[Fletch77]

How's that goal from Houston?......

That was amazing to watch mate ☺

I actually felt a bit confident he would kick it the way things have been going for us despite the rain.

Unfortunately I had to watch it on my iPad by myself due to lack of signal where I’m working remotely, but what a game.

 

[Remark]

Check out MRR today Mr Nut

@Winenut

 

[Bray]

Check out MRR today Mr Nut

@Winenut

I put money into MRR at 5.2c lmao

 

[Remark]

I put money into MRR at 5.2c lmao

I'm guilty of that too

Some strange trading today though, could be some news leaking possibly?

 

[Louweeza]

I'm guilty of that too

Some strange trading today though, could be some news leaking possibly?

Guilty as charged too with MRR… have sent a few emails lately to them and they haven’t even bothered to reply to one, hoping this is a leaky ship and good news will follow, it’s been such a dead horse “in George we trust”

 

[Bray]

I'm guilty of that too

Some strange trading today though, could be some news leaking possibly?

I’ve honestly written it off at this stage.
Honestly CRR is looking like the savour for all my f*ck ups the past 12 months.

 

[Remark]

I’ve honestly written it off at this stage.
Honestly CRR is looking like the savour for all my f*ck ups the past 12 months.

Some excellent results from Mavis Lake - looks good today

 

[Bray]

Some excellent results from Mavis Lake - looks good today

Very stoked on this mornings result, if they can get another couple holes like that through centre out to the east she gonna be a big horse

 

[Frank]

We'll see what happens I guess Frank!

Like I said just watching from the sidelines...

Maybe it gets back to 0.012 or maybe I missed the boat

The Boat you are watching, Sail off into the Sunset / Disappear over the Horizon

Usually / always in my case, returns to Shore / Port sooner or later

So don't be surprised to see it back @ 1.2c -1.3c imo

But what the Fuck would i know Wino

As a Wise Man Once said Wino