I keep thinking about this.
I just re-read the ASX rules on the Cleansing Statement and I know AGY are really full on about keeping the ASX onside.
You ONLY add news to a Cleansing Statement if you feel it's significant and may affect the SP.
As we've all been saying...this deal wasn't about 75 acres.
PA and Co are well connected.
If you step back and look at EVERYTHING.
First...how many big low Mg Salta's are there? In the Rincon area? (Pocitos next door, which AGY controls a big block of.)
Now some of you remember my "so called Movie" theory a while back? Where I said PA might be able to swap or get control of the rest of Rincon from Enirgi Group.
Well I thought there was a chance and then I saw this...from YESTERDAY!!!
http://investingnews.com/daily/reso...oints-callum-grant-to-the-board-of-directors/
Advantage Lithium Corp. (TSXV:AAL) is pleased to announce the appointment of Mr. Callum Grant to the Board of Directors. Mr. Grant’s expertise includes exploration, engineering, development, project management and economics related to industrial commodities, particularly lithium in brine. His recent work has focused on projects in the high-altitude North-West Argentine provinces of the Lithium Triangle, including ADY Resources Ltd. (Enirgi Group Corporation).
Why did the one of the top manager of Rincon leave YESTERDAY!?
Ok...stop...and think.
Rincon is a JORC. It was bought from Admiralty back in 2009 for 25M. A lot of money but, Enirgi Group had yet to get any Li out after many fancy press releases. They are sitting on a big loss.
I think PA and Jerko are going after ALL or some of Rincon.
How?
As I said before there's lot of ways.
% based farm in.
AGY/PA buy 10-20% of Rincon. Maybe they need to throw in Salar de Pocitos and Mina Teresa or not? The more tons of LCE they bag...the % increases.
Remember that the Sentient Group is a AUSTRALIAN "private equity" company that owns 100% Enirgi Group.
Private equity are money guys...Hello ALEX!
Or AGY could offer 200M option of AGY at a strike price of 20 cents?
Let's face it...AGY with 100% of Rincon and PA running a JORC!! is worth 20 cents or close to it.
Sentient Group would own X% of AGY and if PA and his crew can deliver...it's mute...Lithium in 7 years won't be worth much. Sentient Group can cash out in 2-3 years. AGY is a liquid stock.
Yes, I agree there are a lot of dots to connect...and ASIC will probably throw me in jail as they's assume I got the info the wrong way, even though I'm just guessing here.
-The Enirgi exec leaving.
-Everything Rincon, what ever land PA is going after it needs to be close to Rincon. Why not Rincon it's self?
-Carlos even did the JORC for Rincon.
-Cleansing Statement saying a "potential acquisition of an interest in mining concessions"
-Sentient Group is Australian and are money guys (not miners) and Alex is a money guy who knows mining.
Or maybe PA gets a deal for 40% of Enirgi's land and The Sentient Group sits backs and see who gets more Li first and then let the winning team have it all in 2 years?
Everything is about Rincon. 1.3M tons of Lithium. Even 100k tons of LCE even at 10k a ton is 1B dollars. (40-50% margin) There's enough $$ for everyone.
All that matters is getting it out of the ground it the next 3-5 years. Pablo's I think is the experience guy to get it done NOW.
(20min delay)