GLN (ASX) General Discussion Banter GLN

Originally posted by paulgf: ↑

None, but they are Rio and can buy the expertise in, given they generate around 15 BN per year in free cashflow. Given it is now part of RIO's longer term strategy to green wash themselves , I am sure they will building out this expertise in the coming years.

If you go back about 2 years ago on this forum I said Rio was the most likely buyer of this asset and I am still sticking to this guess. I am long Gln and will remain so as I think its very likely Gln will be bought out by a major if they can firm up a good resource. I am coming around to the view that I have no desire in JP taking this to production as I dont think they have the internal skill sets , especially for lithium carbonate chemical production which is very difficult to make it work.

This however is why I think JP is pursuing the chloride route as you don't need to be in theory chemical engineering experts to make this path work. I think this is good out of the box thinking though whether it is an actual wise strategy only time will tell if JP really wants to take it to production as most posters here do. However in life but I am big believer in knowing your own limitations too and sometimes I honestly think JP would be much better in trying to firm up Candelas too into a known resource like HMW and then trying to flog the whole Argentinian thing off for $1.50 BN plus, which is not crazy numbers if Candelas can be firmed up too in a sizeable resource , especially when you look at other M&A transactions done in the last year.

In my working life been involved in a number of manufacturing style businesses and I can tell you from first hand experience any sort of "process" environment, particularly where high quality standards are involved, production particularly in start up mode is "hell" to coin a phrase elon musk himself has used often. Look at Altura locally here as a spod producer, they blew themselves up as they largely couldnt run a a simple concetration process plant. They were getting high 50 % yield when it should have been low 70 %, that was the difference that killed them.

Most mining type developers are the worse possible sort of people to be trying to take any asset into production. This requires much different engineering and technical skills , patience and hard work over many years. We don't even have a board that would know the first thing about any of these skillsets, we have a bunch of accountants and lawyers, and personally if we are truly going to production I dont rate any of them except Jimenez too highly.

So I would say to JP do you really want to take this to production ? Like really really thought it through and understand how much hard work is involved here especially if your a small start up and cant call on in-house resources like a RIO can ? If the answer is still Yes.............JP needs to start getting some directors on board that might inspire a bit more confidence to the market that they actually can pull it off. Mondy has commented here that there is something hanging over Galan that seems to be suppressing our shareprice. This might well be part of that picture that the broader market is somewhat reluctant to buy into the Galan story when there remain some many unknowns and the board itself is far from fit for purpose if we are truly going to try and go the whole way ourselves.

Expand

Would Livent not the logical candidate to buyout GLN?

GLN‘s resource is just on the border to Livent. The high grade test wells are actually right beside the border. Why is Livent not doing any tests on their side of border? They must have the same high grade and low impurities on their land.

Livent wants to increase their output 5 times over the next years. Do they don’t need a resource like GLN has, because they have the same size on their side? Or why Livent is not a candidate to buyout GLN?

Is there any potential conflict, because the brine that is pumped up might extend to Livent‘s property?

No.	Vol.	Price($)
37	1243101	16.0¢

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1243101

16.0¢

Price($)	Vol.	No.
16.5¢	20000	1

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16.5¢

20000

No.	Vol.	Price($)
37	1243101	0.160
18	2162825	0.155
24	1952272	0.150
11	1176920	0.145
16	1162884	0.140

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Price($)

1243101

0.160

2162825

0.155

1952272

0.150

1176920

0.145

1162884

0.140

Price($)	Vol.	No.
0.165	29690	3
0.170	533410	14
0.175	218052	8
0.180	321788	11
0.185	263025	9

Price($)

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No.

0.165

29690

0.170

533410

0.175

218052

0.180

321788

0.185

263025

(20min delay)
Last 16.5¢		Change 0.000(0.00%)		Mkt cap ! $120.2M

Open	High	Low	Value	Volume
17.0¢	17.0¢	16.5¢	$188.6K	1.139M

General Discussion Banter GLN, page-10296

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