Hi pls'ers. Its time you come together. The only winners are the Chinese. CR at 35c to build a mine, 30c a Chinese battery maker get 9% and everyone get diluted. Australian assets are being given away. 50c to 35c to 30c in four weeks. Asx, asic and Gov are sitting by letting it all happen. All the talk of oversupply and they can't get enough supply. Super funds are being raided by overseas banks and companies falling into foreign hands. Short selling and down ramping benefits the china. If sqm is driving down prices, the chinese will buy them out, 25% is already gone. KB ran to the Chinese, ran to mcbank, shareholders lose. Australian lose more assets.
Ann: Pilbara Minerals Equity Capital Raising, page-408
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