Interesting reading on Twitter, Howard Klein and Joe Lowry questioning Tianqi's ability to maintain Greenbushes operations.
Talisons (Greenbushes) business associated debts remain unpaid (due to Tianqi's lack of liquidity) resulting in legal action.
Further, the shareholders agreement stipulates the defaulting shareholder can be forced to sell their equity ... which of course Tianqi will fight in the courts.
These actions could lead to Greenbushes being tied in knots and closed down pending legal resolution ... which could take who knows how long?
Is this the Black Swan the Spodumene market and in turn the Pilgangoora (PLS & AJM) desperately need?
Does Australia's stance on "critical minerals" affect Tianqi's ability to sell their Greenbushes share?
"Or, could low cost, but Talison-defaulting/bankrupt Tianqi reduce/shut down Greenbushes & China chemical plants operations? This would tightening both spodumene and chemical oversupply." - Howard Klein
"That would make Tianqi the third high profile House of Cards in lithium in just a few years...." - Joe Lowry
"WA patriot Twiggy FMG The New Force in Lithium?" - Howard Klein
AJM Price at posting:
4.9¢ Sentiment: None Disclosure: Not Held
