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0.3¢ morella corporation limited

I see we have just had the orchestrated pre lunch drop, a good...

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Rupfel

10,390 Posts.

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07/01/20

12:09

Post #: 42261703
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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.

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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

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