Sounds good except for the part 'generating new resources for the State'. I suppose Cristobal et al will keep their jobs but as for shareholders, I'm confused. How does a publicly listed company in Australia become the property of Codelco? the Board is answerable to a failed Govt owned entity not to us. We're suddenly irrelevant. All management decisions will come from Codelco. That is nonsense to me. Will Codelco be making announcements on the ASX? Has to be a buyout imo.
LPI Price at posting:
38.0¢ Sentiment: Hold Disclosure: Held