1MC 2.94% 3.3¢ morella corporation limited

Lithium & The Future, page-5596

  1. 18,424 Posts.
    lightbulb Created with Sketch. 3836
    Hi Sjlasx ...... surely they would be more interested in letting go of the SQM purchase
    ...if they could? ... I say this based on the environmental and political pressures, the negative history of SQM, pending court issues (https://www.reuters.com/article/us-...te-appeals-lower-court-decision-idUSKBN1ZE1PJ)
    and ( from another share chat forum ) higher royalties since 2018,* and probably more...
    Also Greenbushes has been ‘lucky’ for Tianqi, SQM not so lucky?

    *23/05/2019; https://www.mining.com/worlds-no-2-lithium-miner-sqm-sees-demand-growing-by-17-this-year/ May 24,2019;
    "SQM last year (2018) struck a deal with the government to more than triple production by 2025 in exchange for paying sharply higher royalties and offering discounted lithium to domestic value-added producers of battery components."

    see also:

    https://www.reuters.com/article/us-...cama-expansion-amid-price-slump-idUSKCN1ST2DX May 24,2019;
    ...."He said new royalties put in place by Chilean development agency Corfo last year, considered to be the highest in the world, had hurt profitability in the first quarter.
    Payments to Corfo nearly quadrupled versus the previous period, from $12 million to $45 million, according to SQM’s earnings statement."
    Last edited by sabine: 23/03/20
 
watchlist Created with Sketch. Add 1MC (ASX) to my watchlist
(20min delay)
Last
3.3¢
Change
-0.001(2.94%)
Mkt cap ! $8.156M
Open High Low Value Volume
3.3¢ 3.5¢ 3.1¢ $16.38K 511.3K

Buyers (Bids)

No. Vol. Price($)
1 19999 3.3¢
 

Sellers (Offers)

Price($) Vol. No.
3.5¢ 38866 4
View Market Depth
Last trade - 16.10pm 06/08/2024 (20 minute delay) ?
1MC (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.