Originally posted by Rosayrov
I hope Posco will be our JV partner in Argentina. South Korean people is smart and easy to deal with.
Good luck
"Pilbara Minerals’ right to participate
as a 30% joint venture partner in the South Korean JV chemical plant is required to be exercised on or before
28 February 2019, with final documentation and board approvals to be completed in May 2019."
Nice indication of what POSCO have potentially thrown on the table for Galaxy. Has AT counter offered and asked for 50%?
The timing of this MoU ending is either a huge coincidence or POSCO knew the title transfers where going to happen at the end on Feb as well. Seems like the negotiations are well and truly at the pointy end. In fact I wouldn't be surprised at all to see a trading halt on Monday morning.
50% JV chemical plant in South Korea. 50% JV at SDV inc plant. The additional spod production from Mount Cattlin (from YOP higher recoveries) will be shipped to POSCO to be converted to Chemical.
SDV will see a resource upgrade and confirmation of 50kt pa production with off take as follows:
- Livent 25kt pa
- POSCO 25kt pa
I see China are still playing games with spot prices. Its actually laughable they think people believe that lithium prices have fallen in line with their reports. They have lost credibility by pushing the envelope way to hard. No underlying pricing moves in the manner they are suggesting.
I'm not even going to delve into the free cash flows off the back of the above, but suffice to say, if this unfolds in the next week or two (remember POSCO want to commence construction April 2019 - 4 weeks away!) and shorts find them selves lock down in halt, lives will be lost. No wonder we find the forum full of snipping posts and disguised shorts as longs.
All IMO and DYOR
