PLS pilbara minerals limited

Dwayne Sparkes:"So whilst the majority of lithium mining comes...

  1. 5,046 Posts.
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    Dwayne Sparkes:
    "So whilst the majority of lithium mining comes from Australia, its important to look at the ownership of these assets. Greenbushes for example is essentially totally controlled by the Chinese, despite only having 26% ownership."

    Really??

    How can 26% ownership of a company ever totally control that company so that the company makes a loss? Not a chance!!

    But let's assume that unsubstantiated claim by Dwayne Sparkes is right. That means the Chinese have unsurpassed business skill and trick. Then the question is: what hope do non-Chinese investors have to make money from lithium? NONE!
 
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