Storm in a teacup if you ask me. With the current pricing environment and considering their loan-related costs, imo it’s no big deal that Tianqi made a loss of only $8m for the qtr. Big deal.
It’s all part of the cycle.
The problem is “experts” jumping on this as some sort of disaster without considering the full context.
Hey asb, Tianqi must be worth zero because a P/E calc = zero!!!
Just more hype and headlines to create waves for the market maker!
Off to raid the piggy bank.
Chart, page-14414
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