Australia's largest stock trading and investment forum Australia's #1 stock forum

AKE

Click for more information

0.00%

$9.83 allkem limited

From memory, they were selling to themselves at a reduced price...

First 4124 Last

Share
Profile

Follow
lunatec

183 Posts.

132

05/07/23

16:50

Post #: 68637870
Share

Originally posted by butcherboy: ↑

Interesting. A "multa" is a penalty or fine and the tweet above says that Livent has paid a multa of 5.3 thousand million, which could be correct if it's in the local currency. I tried a few searches to find out what this was about but no luck. The tweet above suggests that they were misrepresenting their export declarations. I'm sure someone here will know. It's kind of important to us now we are (more or less) shareholders.

Expand

From memory, they were selling to themselves at a reduced price to save on the payment to the Argie Gov... I believe this saved them about $8mil USD over time.. they've just been fined the equivalent of about $20mil USD..

AKE Price at posting: $16.46 Sentiment: Buy Disclosure: Held
10 Upvote

1 Great analysis

Reply

There are more pages in this discussion • 1,028 more messages in this thread...

First 4124 Last

Add AKE (ASX) to my watchlist

SPONSORED BY