Extortion is unlikely. CODELCO would not be asking to see books, perform due diligence as part of expropriation. CODELCO definitely wants the deposit cheap and they feel full support of bullying government, but luckily Chile is more or less functioning democracy that has balances in place. Parliament would not let president to act as if he is Putin. Chile need foreign investments and not only from China. Ripping off shareholders is not creating good investment climate, at the same time Mexican president was reckless. Lithium is viewed as new oil and oil business is very politically charged.
Good luck to all!
LPI Price at posting:
41.5¢ Sentiment: Buy Disclosure: Held
