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Rio the bridesmaid in SQM deal with at circa $4b to spend and...

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18/05/18

23:03

Post #: 33203365
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Originally posted by charlie123456 ↑

Tianqi are ready to go. They have paid $4b for a minority stake in sqm. Of course they are weighing up a bid for kidman. It's tuck shop money for them.
No FIRB issues I wouldn't think. It would make absolute sense for them to clean up KDR now. They want control of the market. Would I be happy for a kidman bid now? Well, given Albermarle got close a few years ago, and Rio Are desperate to diversify and remain relevant in new energy, it's a pretty good chance a bid or bidding war eventuates in my opinion. It's a free option for holders. A big name will
Get swallowed this year. And it won't be AJM

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Rio the bridesmaid in SQM deal with at circa $4b to spend and Tianqi with spare change of $1.3b from the 7-8% of SQM they left on the table. These players have the war chest to take out any hard rock miner they want to cast their eyes on. The next wedding won’t be far off, SQM have tossed the bouquet....who’s caught it?

KDR Price at posting: $2.30 Sentiment: Hold Disclosure: Held
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