hondo, ryry and others who might see the SQM deal as a negative:
you may be right re selling too cheaply, but i don't see it that way, at least not currently. why?...
1) a deal with POSCO would have likely been similarly expensive...IF there was even a deal to be had.
2) SQM brings years of expertise, contacts, market knowledge, customers, etc, etc....all will contribute to LAC's development and bottom line -- and pps -- in an accelerated fashion.
3) the 40,000 tpy project described is larger than previously anticipated project size....LAC's share is 50% or 20000 tpy...
4) LAC gets a far cleaner balance sheet + cash today....
5) King's Valley will remain wholly LAC's, and today's deal will put them in a better, stronger position to develop it. may alo lead to further deal(s) here.
yes... ultimately SQM's share for 25M may be seen as a bargain, but with this deal, LAC is, imho, far closer to being the major Li player we all know it can be...
All big positives, imho... i am a buyer.
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