Argentine Brine Comparables, page-38

to clarify: i never used jp's phrase ("40% less"). i just responded to this sentence. based on my post it should be clear that i think this sentence is unrealistic.

we could argue forever about how other market participants value chloride and what added value it offers or not. the fact is, we don't sit at the table during product tests or discussions about possible acceptances. we do not receive any logs or records regarding this, nor have we heard any other companies say that they do not need or have any use for gln's chloride. IF gln makes it to production, we will test the truth soon enough. what we know is that no one has publicly rejected chloride so far.

if i were jp and had pushed myself into that corner like mondy described as a possibility, i would be cool and calm like he is today. i have an ace up my sleeve called candelas. according to the company presentation, candelas is only required for stage 4. there is an mre and there is an initial study (even if it is out of date). selling candelas would certainly be the last option, it would definitely bring in enough money to take gln very far without a headache. now the following arguments will come: look at the market cap, nobody is interested in these properties. there aren't even takeover bids. yes, cool. have you perhaps considered that all around gln, bids for substandard properties were being sold for x amounts of our market cap? it almost looks as if nobody wants gln's properties. maybe no one makes a bid because everyone knows exactly what these properties are worth and no one expects to get them for a fraction?

the actual plan was probably to prepare greenbushes south for a sale, as it obviously didn't fit into the company's strategy. the assumption here was "easy money", which failed disastrously. the next option would be to get a mix of debts and advance payments. another possibility is dilution and a mix of debt. the last option would be to sell candelas. i'm excited to see what happens next and what path management will take now. again for everyone: i am neither saying that any of these options will be used, nor i am in favor of selling candelas. i calculated these four possibilities as options in my own calculations. everyone should have gone through their own calculations BEFORE investing. no financial advice. nobody should take my thoughts for holy grail.