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clock Created with Sketch. 18/07/23
14:38
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Originally posted by lindentree:
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people around here have gone completely bonkers...acting as if there has been a discovery, when all it is is an announcement of a joint venture.sqm could withdraw...(you usually find that by paying, in this case $350,000, for past expenditure relieves them of any obligation for a minimum expenditure)...they could spend a quarter or half a million in 6 months and walk away, effectivelly killing the leases dead for all commodities.sqm have the right to all minerals there really should be an obligation to spend a minimum on those other minerals besides lithium, otherwise when they withdraw it would leave tmb in the position of having to explain to shareholders why the tenements still have any value for those minerals which were not given a fair go. sqm 's credentials somehow make the ground more prospective for lithium, it's not, they have to go through the same process as anyone else, and have the same chances of coming up with nothing. rwd obtained a jv with fmg over mckay range with a minimum spend of $400,000...no body said what they were even looking for...and fmg walked away after about 40 months after apparently finding little to nothing and releasing very little data to rwd shareholders...lets see if sqm tell tmb shareholders anymore...this is the perogative of majors...they dictate terms because they expect you to grovel for their patronage... i know because i have been on the receiving end as a minor in jv's. if it was the best ground then tmb would be in a position to dictate a significant minimum spend and how the money is spent.
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lindentree
