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

1MC

Click for more information

16.7%

0.3¢ morella corporation limited

Ann: Production Update, page-304

First 304 Last

Share
Profile

Follow
Rupfel

10,456 Posts.

1343

07/01/20

12:09

Post #: 42261703
Share

Originally posted by Rupfel ↑

We know Tianqi, sullied their relationship with Ganfeng with Greenbushes resulting in them doing a very expensive deal with MIN obviously because they wanted to stay with OZ spod.
We are currently in a very interesting position with these 2 Chinese companies in Australia atm.
Tianqi having provided Li to the more established Chinese market when they were market leaders, but now they carry huge debt, a reduced market and we do not know their cost to produce a quality product for the NCM811 market as we do for AJM who has a deal with Gangfeng who has a deal with LG Chem and Tesla.
Currently Tianqi are trying to squeeze Gangfeng and do a deal with LG Chem as an alternative supplier.
LG Chem has a % share of Gangfeng.
As we know Gangfeng is going Gangbusters.
I would say some lobbying from Gangfeng would be currently going on to make the Tianqi LG Chem deal fall over because of cost.
An example of a sullied relationship playing out now.

Expand

I see we have just had the orchestrated pre lunch drop, a good time to buy in the day

AJM Price at posting: 5.8¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

SS1

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

IBG

Ironbark eyes lithium and niobium opportunities with 7 new Brazilian projects

PGD

Peregrine extends high-grade gold shoot, sniffs anomalism at WA's Tin Can

ASX200 dives as inflation clocks in at 4% – higher than 3.8% consensus

PXX

Polarx discovers thick sulphide mineralisation at Alaskan Cu project

There are more pages in this discussion • 17 more messages in this thread...

First 304 Last

Add 1MC (ASX) to my watchlist

(20min delay)
Last 0.3¢		Change -0.001(16.7%)		Mkt cap ! $15.44M

Open	High	Low	Value	Volume
0.2¢	0.3¢	0.2¢	$16.62K	6.223M

Buyers (Bids)

No.	Vol.	Price($)
131	191761540	0.2¢

Sellers (Offers)

Price($)	Vol.	No.
0.3¢	44341434	80

View Market Depth

No.	Vol.	Price($)
131	191761540	0.002
36	116123809	0.001
0	0	0.000
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.003	44342458	80
0.004	14216248	54
0.005	4773222	14
0.006	6453915	13
0.007	14431656	12

Last trade - 15.46pm 26/06/2024 (20 minute delay)

1MC (ASX) Chart