LiFT bullish due to Azimut tenement deal enabling pit extension and rising spodumene concentrate price.
Unpriced research observations (excluded from Calls and Returns):
LFT.AX — LONG The author argues LiFT secured a deal on the Azimut tenement that WR1 could not achieve, allowing the pit to be extended to its maximal design and incorporate more ore at the tenement boundary. Rising spodumene concentrate prices provide a favorable backdrop. This is a positive development for LiFT. resolved_entity_name_mismatch
LiFT got a deal across the line on the azimut tenement to the south, which WR1 was never able to achieve and/or fumbled it because they couldn't organise a pissup at a pub, which allows them to actually extend the pit to the maximal design to incorporate more ore which sat at the tenement boundary.