Ann: JP Morgan Investor Day - Presentation, page-19

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SU27

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10/02/19

18:00

Post #: 37391193
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Originally posted by Haplo: ↑

Just a follow up to yesterday's post. For those of you who have not seen this article.

SQM puts foot on Pilbara lithium lot

SQM clearly wishes to extend its footprint in WA hard rock. The biggest and easiest way to achieve as far as I'm concerned is to simply swallow KDR.

SQM got a bargain by moving early to purchase 50% of Mt Holland when you compare it to ALB's purchase of Wodgina. So I'm sure SQM shareholders won't mind all that much is the remaining 50% is paid at the market price considering the overall savings they have achieved compared to their competition.

Add to that, SQM has a new chief at the helm. The thing is when new appointments like this are made - the new blood usually likes to prove themselves as soon as possible to the board and shareholders, that they made the right choice. The best way to achieve this is to close a major deal that will add to the future revenue of the company and help diversify its commodity supply.

That's why I'm staying the course with KDR. I'm thinking the shorts are also thinking along those lines as well.

Haplo

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I’ll take $4/share as a starting point...

just a shame Australia has a bad habit of selling quality assets for peanuts....

if if we go,,, I’m thinking $2 - $2.5 range unfortunately, been a holder for years.

KDR Price at posting: $1.39 Sentiment: Hold Disclosure: Held
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