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2.94% 3.3¢ morella corporation limited

Lithium & The Future, page-5595

  1. Sjlasx
    3,463 Posts.
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    23/03/20
    20:56
    Post #: 43655813
    I think it is a sign of weakness in demand for Li Chemicals and Tianqi's high level of debt.
    Tianqi over extended itself paying a huge premium for the stake in SQM at the height of the Li boom.
    Also, Tianqi doesn't need the price of spod to lift as they don't sell spodumene.
    Their problem is that while they may be the lowest cost producer of LiOH globally they cannot service their debt.
    Some are expecting them to have to sell an asset like Kwinana.
    AJM Price at posting: 2.9¢ Sentiment: Sell Disclosure: Not Held
    Likes Created with Sketch. 6  Upvote
    lightbulb Created with Sketch.  Great analysis
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