Reality bites for Livent
The reality of life as a public company is biting hard for Livent following the completion of its spinout from specialty chemicals producer FMC in March as its first quarter 2019 financial results showed it is not making enough money to cover its capital as it is spending +$200million.
Galaxy's neighbors are having a go at it. We've heard nothing but news about a40 and $20mil out the window. Buying a40 to put it on C&M isn't developing. Galaxy is not going to be doing well when other companies are producing and have customers lined-up.
