Yeah - exactly what I was thinking. Codelco sells stake in new company to ALB so they can develop it and charge ALB an amount that means Codelco gets 51% for free.
Codelco and ALB score at the expense of LPI shareholders.
Time will tell how this pans out.
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- Ann: LPI & Codelco enter into binding scheme implementation deed
Ann: LPI & Codelco enter into binding scheme implementation deed, page-236
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Currently unlisted public company.
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STRATEGIC ENERGY RESOURCES LIMITED
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