As an investor id be buying in on profitability on current high interest rates before waiting for the debt restructure which will happen. I dont rule out ShanShan helping us with this with their access to CITIC etc. Itochu who are a Japanese major shareholder of ShanShan are also linked to them. CITIC provided $3.5b USD to Tianqi not long ago for them to buy their stake in SQM.
Last week itochu setup a joint venture capital fund with them for $1.8b USD with the aim of getting japanese startups into the chinese market. This is its second biggest investment with CITIC since 2015 when it invested over $5b USD then. They plan to start investing in August. Id consider 24M a startup and know another investment they could fund to link into their 24m battery supply chain due to start production in 2020.
It's all getting very interesting...
AJM Chart, page-6161
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3.0¢ |
Change
-0.002(6.25%) |
Mkt cap ! $8.123M |
Open | High | Low | Value | Volume |
3.2¢ | 3.2¢ | 2.9¢ | $3.774K | 123.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 31140 | 3.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.1¢ | 20000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 31140 | 0.030 |
3 | 49517 | 0.029 |
1 | 321428 | 0.028 |
1 | 35749 | 0.027 |
1 | 23075 | 0.026 |
Price($) | Vol. | No. |
---|---|---|
0.031 | 20000 | 1 |
0.032 | 8000 | 1 |
0.033 | 370690 | 1 |
0.034 | 333567 | 5 |
0.035 | 33800 | 2 |
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