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dazaliam

6,155 Posts.

2000

11/01/23

12:41

Post #: 65634583
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Originally posted by Red Baron ↑

From the Fin Review this morning

The 19.99% for those that don't know is the maximum you can go to without making a full takeover bid.

I think it's fair to assume SQM have invested to lock in offtake as opposed to just thinking it's a good investment.

Now why wouldn't someone want FFX's 17.6% of Leo, pick up another 2.3% on market, especially as the Gold mine seems to be going quite well without FFX (always said it wasn't rocket science), so the risk of creditors making claims is reducing.

M&A seems to be increasing and the year has only just started

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That deal sounds dodgy, have they even done any drilling yet? But sqm get 25% ota? Someat doesnt sound right to me.

FFX Price at posting: 20.0¢ Sentiment: Hold Disclosure: Held
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