General Discussion Banter GLN, page-15399

Recently Argentina brine projects are still being acquired at a very good price.
Ganfeng acquires 15% of Pastos Grandes (Millennial, now Lithium Argentina) for US$70m. The acquisition price is almost same as LAC paid in 2022. So, the undeveloped brine project is still valued at a high price despite lithium price dropped by over 80% over last 18 months.

Another Argentina brine project, LEL's Solaroz Lithium Brine Project, early stage, low grade, is being acquired at $33/ton LCE.

GLN is currently valued at around $11/ton LCE. That's why I prefer the board to slow down or halt construction to preserve the cash. The downturn will not last forever, just need to avoid dilution.

Cashflow is the key, then survive, the debt forced PLS to do CR at 30c, pushed A40, AJM to death.
So capital management is the key, GLN has a premium brine project, if having a good strategy, it could be a completely different story.

I clearly recalled when FMG was in a doomed scenario while iron ore price kept falling until December 2015, hit US$39/dmt. All media spread iron ore price would be stay low forever, will never see US$100/t as major producers production cost is under US$20/t. But iron ore price bounced hard in a year late, it passed US$100/t, even crazily broke all time high few years late, hit US$224/t.

Lithium price has dropped by over 80% over last 18 months, very similar to iron ore, in my view, not long to wait before the price to bounce hard.

ALL imo.

Lithium Argentina Announces Ganfeng Lithium Agrees to Acquire Interest in Pastos Grandes for $70M

03/05/2024
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March 5, 2024 – Vancouver, Canada: Lithium Americas (Argentina) Corp. (TSX/NYSE: LAAC) (“Lithium Argentina” or the “Company” is pleased to announce it and certain of its subsidiaries have executed a definitive agreement (the “Transaction” with a subsidiary of Ganfeng Lithium Co. Ltd. (“Ganfeng Lithium”,) whereby Ganfeng Lithium agrees to acquire $70 million in newly issued shares of Proyecto Pastos Grandes S.A. (“PGCo”, the Company’s indirect wholly-owned Argentinian subsidiary holding the Pastos Grandes project (“Pastos Grandes” or “Project” in Salta, Argentina, which is expected to represent an approximate 15% interest in PGCo and the Project.


Lithium Energy agrees to sell Solaroz Lithium Project for A$97 million

Published: 20:21 30 Apr 2024 EDT

Lithium Energy Ltd (ASX:LEL) will boost its battery minerals war chest by up to US$63 million (~A$97 million) after agreeing to sell its 90% interest in the Solaroz Lithium Brine Project in Argentina.