Ann: Wells secured for re-entry Lithium sampling at Utah Lithium, page-39

GLN hold a very large BRINE mine in Canada region. Assuming they have pretty good geologist and already connection in this area.
So don't think they blindly back small cap for no reason here.

As for takeover, it is on the card but too early at this stage. And of course putting 23mil+ into this, they will not stand aside and let it burn for nothing.
i think at this early stage it is good entry point. once this one re-assess those well, which shouldn't take that long to do.
And if the result is positive, i believe this one will re-rate very quick and rewarding. With the cash and takeover on the card, i say 100mil isnt far away.

GL!