Great post Smithy, thank your for keeping an ear to the ground...

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CyberShade

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27/06/24

20:52

Post #: 74514060
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Originally posted by Smith71: ↑

...I look every day in hope funding will be announced, but the likelihood diminishes further as the Li situation continues to deteriorate....

The impatience is justified, but I do not share the opinion that the probability of financing is decreasing, on the contrary.I have reported here several times on domestic political events in Argentina. Obviously, some people here do not realise the implications of the approval of the "Ley Bases" and thus the Large Investment Incentive Regime "RIGI".

Once again on the state of play:After more than six months of his presidency, Javier Milei is about to pass his first laws.The Ley Bases and the fiscal package have now been given the green light by Argentina's Upper and Lower Houses alike. Deputies have to approve or reject the modifications introduced by the Senate in a session that's expected to happen in the second half of this week. But, give or take the modifications, the projects will become the law.

International interest in investing in Argentina's mining industry is exorbitant. In the recently published, highly interesting interview with Wang Xiaoshen, president of Ganfeng , he repeatedly emphasised Argentina as an attractive jurisdiction for expansion (albeit also steered by the questioner).It is clear that there are several companies waiting for the approval of the Basic Law and the entry into force of the regime, in addition to others that have already been allocated areas for mining. POSCO is one of the first companies in the lithium sector to step forward.In my opinion, this queue will turn into an Argentine investment wave. As soon as clarity, certainty and investment incentives are created for investors will the pens be drawn, but they will be drawn.

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Great post Smithy, thank your for keeping an ear to the ground on the Argentine politics.

GLN Price at posting: 16.5¢ Sentiment: Hold Disclosure: Held
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