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07:21
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Originally posted by SpaceWalker:
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Let's compare GXY to Lithium America's who has partnered with Ganfeng. Minar Exar the operating company was 37.5% owned by SQM and SQM also held 25% of LAC stock. Ganfeng bought the SQM shareholding in Minar Exar and LAC. Recently they increased the shareholding in Minar Exar to 50% by injecting $160 million into LAC and expanding the LiOH production from 25k tons to 40k tons. The stock price of LAC has moved from a low of US$2.73 to a high of $4.80 per share. The resource size is now estimated at 17.9 million tones - a limitless resource. It will allow the company to keep on expanding into the future.
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I love crappy management that have delivered an income producing asset, eliminated debt , have several hundred million in cash and have a huge brine asset awaiting development and another Spod asset in the wings....many Lithium Companies would die for that...
