This per se is not new news but would cause a "shake-up" if it ends in an ugly fashion.
Back in late Sep Tianqi Lithium warn it could default on a $1.6B loan (Citec lead banking syndicate)
https://www.nasdaq.com/articles/tianqi-lithium-warns-of-%241.9-bln-default-as-loan-repayment-date-nears-2020-09-29
Tianqi (China's biggest lithium carbonate processor) used debt to purchase a stake in $4B stake (~24%) SQM at ~$65/share ... SQM is the big Lithium Carbonate producer from brines in Chile.
But what happens now that Tianqi can't service the loan? Some suggest "Let it Go ...." & sell out
https://finance.yahoo.com/news/best-way-avoid-1-9-011230733.html
SQM current trades about $35/share .... about 50% loss ... but who would take it off their hands for a couple of billion???
This per se is not new news but would cause a "shake-up" if it...
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Last
18.5¢ |
Change
-0.005(2.63%) |
Mkt cap ! $76.66M | |||
| Open | High | Low | Value | Volume |
| 19.0¢ | 19.0¢ | 18.5¢ | $157.6K | 846.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 81857 | 18.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.0¢ | 238692 | 4 |
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| PLL (ASX) Chart |