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clock Created with Sketch. 22/12/24
21:53
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Originally posted by FFailings:
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When i created this thread in August last year (2023), i highlighted Lithium Chile's Arizaro project in Argentina (~150km away), as a comparable to view GLN against. This week an "unnamed buyer" has emerged to bid USD$180m for Lithium Chile's 80% stake in the Arizaro project which hosts 4.1Mt LCE:The Buyer is a large, Asian based company founded over two decades ago. The Buyer is a diversified enterprise with significant interests in mining, renewable energy, and technology sectors. Engaged in both domestic and international operations, the Buyer is focused on the exploration and development of essential resources. The Buyer is also the controlling shareholder of an Asian listed public company (“PubCo”). " Anyone want to take a stab?
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LOL. Piss weak down ramping. GLN resource is JORC proven. GLN shareholding is tight, most know its real value. No one cares about offers below $2 (to $4) a share. Most are LTH & prepared to wait for Stage 3 production b4 we consider selling.
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