Hope so. My LPI average is 0.39 so this won't represent a big...

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18/10/23

11:02

Post #: 70401636
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Originally posted by Sewerat: ↑

Too low, but then again, this is South America. The question is whether the mgt team get a plum deal in carrying the project forward under Chilean control. We can still hold out hope that the independant expert asserts it's too low ball an offer and the mgt have an out to up the price one last time before agreeing. I smell intrigue and subterfuge on this one. Was hoping for $1/share or some payout plus equity in a new entity. My prediction: Chile will get LPI, then all of a sudden SQM turn up in a joint venture with CODELCO to develop the resource, with Chile having some extortion over SQM on their other assets to get LPI's project up.

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Hope so. My LPI average is 0.39 so this won't represent a big win for me.

But I've got a reasonable amount of SQM shares, so if they end up buying into Maricunga and developing it, that's a good result in the long-run.

Crazy offer when ALB were considering buying out Liontown for $AUD 6.6billion for 4.5 Mt of LCE according to https://news.metal.com/newscontent/101027572/Liontown-Resourcess-lithium-reserves-Catherine-Valley-reserves-are-expected-to-increase-by-86-per-cent

We are selling 1.9 Mt of LCE for ~$AUD 300 million with lower production costs? Never mind the fact that Maricunga will most likely product battery-grade lithium chemicals onsite.

LPI Price at posting: 54.0¢ Sentiment: Buy Disclosure: Held
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