LI3 Energy Inc (fka LIEG)

[Dr_Vonschellan]

Actually I hopethe_RioTinto_deal_to_buy_into_SQM_tanks. All_the_more_power_to_us
https://www.bloomberg.com/gadfly/articles/2017-11-20/rio-tinto-s-buying-again-expect-an-unhappy-ending-for-lithium

The less competition in Chile, the better for us, hear, hear... unlessssssss RioTinto is now foregoing SQM in order to buy some heretofore unknown junior lithium miner in the Maricunga neighborhood. But who would Rio Tinto go after if all their major investors are clamoring to trim the lithium acquisition budget way down from $4.6B to a paltry $500,000,000?

After all, apparently Fulin only needs/has $350,000,000 (Click Here second to last paragraph) to get "into" a Chilean Lithium junior miner which I am guessing is $257M for CapEx, $60M to MSB & LIEG, $30M to LPI, $3M for goofing/Fulin around in Santiago with all the beautiful girls dressed in their nightly finest designer outfits wearing strappy high-heels and happy to see Pinera returning to power.

Could it be that RioTinto has $150,000,000 too much/excess to play with for their next/first-ish acquisition in the lithium space?

The Doctor