So RIO sells their Coal Assets, goes after a stake in SQM for $5bil but pulls out with claims in the AFR that:
"Rio Tinto Group has dropped out of the bidding for a stake in SQM, one of the world's top lithium producers, as it pursues other ways to capitalise on the electric-car boom, people familiar with the matter said."
Then the whole "oversupply" issue rears its head and Galaxy starts to get the shite shorted out of it by UBS...
I'm guessing Rio Tinto's "other ways" are not going to be to start making electric cars...
GXY Price at posting:
$3.33 Sentiment: Buy Disclosure: Held