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13.0¢ galan lithium limited

Ann: Half Year Accounts, page-104

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shiok

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18/03/23

19:18

Post #: 66840949
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Originally posted by horizon3: ↑

indeed, great podcast! brief summary of the podcast:

DJ:
1. Ready, or couple of weeks, DFS release "on a production of LiCl"
2. "Outstanding resource in an Argentinian context"
3. Outstanding Li experts in the team (very rare for developers, "most of them from SQM")
4. Plan a: First target: refiners in Argentina (in "the next 2-3 year 7+ chemical plants in Argentina" looking for feed stock)
5. Plan b: Exporting licence (-->Chile, North America, Europe, Japan, Korea etc.), depends on the permit though
6. Conventional ponds -> concentrated brine = 33% LiCL, a product, with very high Li content and low impurities, that one can "transport all over the world"
7. "Very, very confident"

JL:
1. The LiCl production and marketing strategy is not new (15 years ago Ganfeng did the same with SQM brine), is "a great idea", "very viable strategy", "allows you to execute with less complexity, and quicker" (and with lower capex)

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Excellent interview!! lovely to see Daniel sounding alot more bullish on Galan.

Re rate is imminent.

I reckon JL holds gln as well

GLN Price at posting: $1.03 Sentiment: Buy Disclosure: Held
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