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walmak

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24/05/19

15:51

Post #: 38732561
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Originally posted by Darkstone: ↑

SQM have a history of this crap. Remember last year they announced to the world how they were going to double production, etc. They didn't and have come no-where in their plans to massively increase production They came up with that crap then precisely to spook the market and curtail the growing investments in lithium carbonate miners producers, with which they compete directly. Everyone freaked then too. SQM are about trying to protect market share from a high cost facility where they are in a running fight with the government about extremely high royalties (which is what makes it high cost) and a rabid farming community that are angry about the water table damage their facility is doing and want it reduced.

Like I said - every time they talk to the market it is doom and gloom for everyone else. They are full of it, and are in the game of trying to stop competition by scaring of investment.

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....exactly right...in March 2018 SQM announced to the world that they plan to "dramatically" increase production in South America and as soon as Lithium stocks drooped 3 months later they took without any objection 50% stake in Kidman Resources' lagship Earl Grey lithium project for a lousy $US 110 million !!!....

Last edited by walmak: 24/05/19

GXY Price at posting: $1.58 Sentiment: Buy Disclosure: Held
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