Thanks. I agree that LTM is not big enough for a random global international company to take over them, because it probably lacks the scale of a Tier 1 project (although to be fair HMW at full scale is quite a large project).
However, RIO and POSCO have neighbouring projects, which could make GLN of intrigue. Further, Dale has always been conservative around disclosing M&A activity. But he did mention that if PLS ventured into brine, it'd be a small acquisition. There is no better candidate than GLN imo. It's small, but actually has some runs on the board with development and permitting.
Also, MIN's mistake was buying at the top of the cycle. And furthermore, buying into companies which had nothing more than land + drill results, and which were facing hundreds and hundreds of millions, if not $1b+ in Capex to fully develop their operations. GLN's assets aren't as capitally intensive.
GLN Price at posting:
11.0¢ Sentiment: Hold Disclosure: Held
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