The 19.99% for those that don't know is the maximum you can go to without making a full takeover bid.
I think it's fair to assume SQM have invested to lock in offtake as opposed to just thinking it's a good investment.
Now why wouldn't someone want FFX's 17.6% of Leo, pick up another 2.3% on market, especially as the Gold mine seems to be going quite well without FFX (always said it wasn't rocket science), so the risk of creditors making claims is reducing.
M&A seems to be increasing and the year has only just started
FFX Price at posting:
20.0¢ Sentiment: Hold Disclosure: Held