Post by
MaterialsMan on Apr 21, 2023 11:30am
No problemo
ALB is sending out annoucements that "all is well". Contract is good for many years. They fail to mention that Codelco has been chosen to renegotiate the contract on behalf of the Chilean gov't. Maybe that has something to do with the SP tanking. If Codelco does not like what ALB is willing to do to improve the benefits to Chile, things could get heated. Chile can just say "put up or get out". What could ALB do other than go along to get along. I owned stock in a company with interests in Mexico that had something very similar happen to them that is happening here.They are not having much success suing Mexico for their losses, which included their entire investment. Mexico just welched on the contract. Good luck to ALB.