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G8trlongonlith

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G8trlongonlith

Re: None

Tuesday, 05/15/2018 4:33:35 PM

Tuesday, May 15, 2018 4:33:35 PM

Post# of 10477
New Development With LAC JV Partner, SQM!

SQM announced that Tianqi, a Chinese company banned by the Chilean govt. from purchasing SQM shares directly, will purchase a 24% stake in SQM for $4.3 Billion, the shares coming from Nutrien, Ltd., which is required to sell its SQM shares soon as part of its purchase agreement.

SQM, which is known as the world's most efficient producer of Li (and it presumably sharing its knowledge/expertise with LAC, thus reducing risk at LAC's Argentina operation), had a market value of approximately $14.8 Billion at yesterday's close.

Like LAC, SQM has been rallying and was UP 2.04% today, UP 8.18% for the last 5 days, and UP 9.72% for the last month.

Nothing like running with a winner!

Go LAC longggg!

GLTA and regards, G8tr
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Volume:
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  • 6M
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