Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
19 dec 2023
(bloomberg) -- chilean lithium giant sqm has partnered with iron ore billionaire gina rinehart to make a sweetened a$1.7 billion ($1.1 billion) cash offer for azure minerals ltd., ending two months of uncertainty over the deal after australia’s richest woman crashed an earlier bid.
rinehart’s han**** prospecting pty. and sociedad quimica & minera de chile sa, as sqm is formally known, will offer a$3.70 for each share in the perth-based miner, a proposal already recommended by azure’s board, the two sides said on tuesday. the offer represents a nearly 52% premium to the price before the previous proposal in october.
sqm had earlier offered a$3.52 per azure share, under a similar scheme of arrangement structure — a 44% premium. but that bid was immediately thrown into question when rinehart built a near-blocking 18% stake.
Genedrive will be a totally different beast all together under the leadership of James Cheek.
Folks need to stop the bickering and infighting.
Just enjoy whats to come and there is a lot in the pipeline. Sould re-test previous Highs in 2024
Just to clarify we already got Funding deal in place whereby they issue Equity in respect of each drawdown amount.
Higher the price, then even less shares need to be issued. We already have the dilution.
Incoming US Partner in 2024 could also inject a substantial amount as part of the collaboration deal. Then we will NOT need to drawdown anymore and the current deal can be cancelled.
Traction on Sales revenues would add further boost. So different scenarios in play.
Market is " Forward Looking "
And discounts 6 months forward as a guide.
We have a clear route to Sales Revenue growth as very clearly outlined by CEO James Cheek. He is executing the Growth strategy just as he said.
Have said it before, Genedrive has best in Class products in its market. Just that previous CEO Budd was not good at driving sales growth. Budd is a good scientist no doubt. With Budd and Cheek combo Genedrive can achieve True valuation which is not even remotely 10p. Expect this to Multi-bag in 2024. Not far now.
Added few more on the temporary dip.
Potential £90m - £100m Annual revenues.
Not going to stay around 10p forever.
Multi-Bagger.
Added some more to my pot @ 1.52
Current price is a STEAL given our prime hot spot location in Pilbara and close proximity to some lovely discoveries already. WSBN could soon play catch up in 2024. Not much shares free float here
Think 5-10 bags would come lot sooner than many think.
January should be lot more active here. No long to wait. This will gain traction.
Only 118m shares about. No wonder it moves like a rocket.
Stephen11
Very appropriate title header.
I love the Carpenters.....
"We've Only Just Begun"
All set to storm higher in 2024 which is shaping up to very active year for Genedrive.
Would expect this to enter 2024 in Double digits for starters.
Another 10 bagger on my 2024 list.
Looks very promising on all fronts.
SIGNIFICANTLY UNDERVALUED.
Artemis is another stock on my 10 Bagger list for 2024.
Results to date are very good with further drilling coming up in early 2024. ARV has all the hallmarks of the next Azure Minerals.
Personally i think this would re-test previous highs of 150p in next 12-24 months. Just a case of how quickly we get there.
Only 118m shares in issue. Moves real fast this one
New CEO has made his intentions very clear and he means business. US partner deal being lined up for January or soon after.
NHS hospitals roll out for AIHLtests going to gain traction in 2024 putting GDR in the spotlight in Medical circles...Journals, media etc etc.
Genedrive can use AIHL as a spring board for the much more lucrative Stroke tests product launch in USA and Worlwide markets. They got the Sales Distribution chain set up in most places now.
So 7p can run up to 50-70p pretty quickly as seen in the past on many occasions soon as further Deals come through. 7.5p price is really a steal.
Picked up a few at the lows.
They showing Buys as Sells by putting them through at just below 1.35 mid price.
Someones got a Big BUY order most likely that MMs looking to fill before they let this go.
Double bottom tested. Last time it was this low, it bounced to 1.80p first and consolidated before zooming higher to 4.5p...this price is a gift.
Ignore the scaremongering here.
100notout,
Good point. Hainan took 14.72% of shares in KOD.
So another 15.3% would take them over 30% triggering an Offer to be made for KOD.
100% premium to current price would still be very cheap to get their hands on KOD assets and small change for Hainan. Hmmm....
Would have expected price to be much higher now that Funding all in place. 🤔
We should be sitting at much higher price level. This got to 0.80 just on speculation of Hainan funding deal.
We should see New Highs in 2024.
This dropped from 40p pretty rapidly on no progress. Now we got more visibility with James Cheek as CEO outlining a clear strategy to fast track revenue growth and taking company forward expecting sales to take off with local language branding and also via Special commissioning route.
Then you got USA partner expected to come on board in Dec 23 / Jan 24.
See no reason why this cannot get back to 40p.
We should see New Highs in 2024.
This dropped from 40p pretty rapidly on no progress. Now we got more visibility with James Cheek as CEO outlining a clear strategy to fast track revenue growth and taking company forward expecting sales to take off with local language branding and also via Special commissioning route.
Then you got USA partner expected to come on board in Dec 23 / Jan 24.
See no reason why this cannot get back to 40p.
We should see New Highs in 2024.
This dropped from 40p pretty rapidly on no progress. Now we got more visibility with James Cheek as CEO outlining a clear strategy to fast track revenue growth and taking company forward expecting sales to take off with local language branding and also via Special commissioning route.
Then you got USA partner expected to come on board in Dec 23 / Jan 24.
See no reason why this cannot get back to 40p.
Slacker.
You look worried posting negative non stop after having sold this morning !!!
Genedrive has always had good products but not the right CEO in the past.
James Cheek is a totally different fish with Big Names behind him, like Beckmam Coulter and ROCHE etc. He is transparent and has made his intentions very clear where he wants to take this company going forward.
Would expect to see New Highs during 2024.
MP