Contrast this with Lithium Chile traded in Canada who also has a 3.3Mt resource in the Argentina (don't be fooled by the name) which they own 60-80% of. Their share price has gone up in the past few weeks on the expectation that the Argentina asset will be sold. They are trading at CAD$130m vs CAD$30m for LEL.
https://ceo.ca/lith
Maybe the potential bidders for Olaroz are just SRK, BEL, OEQ, QUE who are all offering bugger all for the whole thing hence the market thinks nothing of it?
https://lithiumchile.ca/presentation/
LEL is trading at <CAD10/tonne LCE by the way
Ann: Company Update - RIU Explorers Conference, Fremantle, page-10
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 (20min delay)
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Last
46.5¢ |
Change
0.005(1.09%) |
Mkt cap ! $52.64M | |||
| Open | High | Low | Value | Volume |
| 46.0¢ | 47.5¢ | 46.0¢ | $47.70K | 101.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 31864 | 46.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 46.5¢ | 4009 | 1 |
View Market Depth
| Last trade - 14.41pm 04/06/2024 (20 minute delay) ? |
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Last
46.5¢ |
Change
0.005 ( 2.20 %) |
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| Open | High | Low | Volume | ||
| 47.5¢ | 47.5¢ | 46.0¢ | 57289 | ||
| Last updated 14.41pm 04/06/2024 ? | |||||
| LEL (ASX) Chart |