GLN

4.35%

11.0¢ galan lithium limited

Ann: Phase 2 DFS Confirms Tier One Status of HMW Project, page-76

First 76 Last

Share
Profile

Follow
mondyinvest

5,143 Posts.

5199

06/10/23

19:40

Post #: 70217157
Share

Originally posted by TheGekko: ↑

Now for someone who claims to be so knowledgeable about the mining industry, and has granted him/herself a self-imposed right to determine what qualifies to represent an entity and what doesn't, you don't seem to know much at all.

You mention, "negotiating access to state-owned resources on new code concessions is not standard across these companies" on your chart. Well I hate to break it to you but in most mining jurisdictions around the world a country's mineral resources are the property of the state, not the concession holder. And LPI was granted access to the Maricunga salar via its privately-owned mining concessions. It didn't negotiate access. In terms of a development and export quota (CEOL or CCHEN quota), LPI makes application for a quota with the respective government agency based on the size of the resource/reserve, which it has the right to do for both the old and new code concessions.

You go on to say "These negotiations may result in terms which have a significant impact on the economics of the resource (e.g. providing a 50% free carried interest to a state owned mining company). This is completely different." What a load of garbage. LPI does not have to negotiate with anyone. You are confusing new entrants and government owned leases on salars controlled by government agencies or corporations eg Atacama and Perdenales with what applies at Maricunga. I will say it again, LPI's old and new code mining concessions are privately owned.

LPI established a JV with Codelco years ago to jointly develop the Maricunga salar but because Codelco dragged its feet, LPI decided to go solo for stage 1 of the project. Part of the JV deal was Codelco had to define its resource at Maricunga. It only completed is first exploration program in May 2023. There will be no free carry for Codelco, none. Any transaction will be based on project valuation, with Rothschild currently conducting DD on behalf of Codelco.

LPI's position at Maricunga has not changed as a result of the new lithium policy and what you wrote in your last post is just another misrepresentation of the facts. Being honest, a number of LPI top or near 20 holders would prefer if you dropped LPI from your charts as we vehemently disagree with how the resource/reserve is represented. If the numbers are NI 43-101 and ASX compliant for reporting purposes than who are you to say differently.

Please remove the LPI data form your charts

Expand

Please remove your LPI beef from the GLN threads.

I think HOOPZ has provided a perfectly reasonable response to your issue, and he is 100% entitled to represent the LPI project (on his own chart) per the information contained in their DFS.

GLN Price at posting: 58.5¢ Sentiment: None Disclosure: Not Held
24 Upvote

1 Great analysis

Reply

Top Stories

ASN

Utah authorities sign off on Anson's lithium extraction plans at Green River

Dale Gillham's weekly wrap: US fracking support boosts outlook for Australian gas stocks

MKG

Mako sniffs gold at 170 g/t at Cote d’Ivoire's Napié play

VUL

Vulcan appoints investment bank and M&A veteran to board

NAM

Olam Agri raises Namoi takeover offer to 75 cents a share and receives shareholder backing

MM8

Medallion Metals kicking off 15,000m drill run at Ravensthorpe gold play

Week 37 Wrap: HotCopper likes Cuban oil; markets shrug debate off for Putin; firebrand quant says social media a market threat

AZY

Antipa divests its Citadel interest to JV partner Rio for A$17M, refocuses on Minyari Dome

MLS

Metals Australia kicking off plant study at Lac Carheil; Canadian tariff tailwind potential

ENV

Enova Mining unveils "high-grade" REE drill hits at Coda North, Brazil

There are more pages in this discussion • 8 more messages in this thread...

First 76 Last

Add GLN (ASX) to my watchlist

(20min delay)
Last 11.0¢		Change -0.005(4.35%)		Mkt cap ! $55.73M

Open	High	Low	Value	Volume
11.0¢	11.5¢	10.5¢	$331.6K	3.024M

Buyers (Bids)

No.	Vol.	Price($)
14	804140	10.5¢

Sellers (Offers)

Price($)	Vol.	No.
11.0¢	379713	5

View Market Depth

No.	Vol.	Price($)
13	802140	0.105
26	1640267	0.100
2	406000	0.099
1	10214	0.097
1	10000	0.096

Price($)	Vol.	No.
0.110	379713	5
0.115	344171	7
0.120	601067	7
0.125	144576	5
0.130	186046	5

Last trade - 16.10pm 13/09/2024 (20 minute delay)

GLN (ASX) Chart

Ann: Phase 2 DFS Confirms Tier One Status of HMW Project, page-76

Utah authorities sign off on Anson's lithium extraction plans at Green River

Dale Gillham's weekly wrap: US fracking support boosts outlook for Australian gas stocks

Mako sniffs gold at 170 g/t at Cote d’Ivoire's Napié play

Vulcan appoints investment bank and M&A veteran to board

Olam Agri raises Namoi takeover offer to 75 cents a share and receives shareholder backing

Medallion Metals kicking off 15,000m drill run at Ravensthorpe gold play

Week 37 Wrap: HotCopper likes Cuban oil; markets shrug debate off for Putin; firebrand quant says social media a market threat

Antipa divests its Citadel interest to JV partner Rio for A$17M, refocuses on Minyari Dome

Metals Australia kicking off plant study at Lac Carheil; Canadian tariff tailwind potential

Enova Mining unveils "high-grade" REE drill hits at Coda North, Brazil

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: Phase 2 DFS Confirms Tier One Status of HMW Project, page-76

Top Stories

Utah authorities sign off on Anson's lithium extraction plans at Green River

Dale Gillham's weekly wrap: US fracking support boosts outlook for Australian gas stocks

Mako sniffs gold at 170 g/t at Cote d’Ivoire's Napié play

Vulcan appoints investment bank and M&A veteran to board

Olam Agri raises Namoi takeover offer to 75 cents a share and receives shareholder backing

Medallion Metals kicking off 15,000m drill run at Ravensthorpe gold play

Week 37 Wrap: HotCopper likes Cuban oil; markets shrug debate off for Putin; firebrand quant says social media a market threat

Antipa divests its Citadel interest to JV partner Rio for A$17M, refocuses on Minyari Dome

Metals Australia kicking off plant study at Lac Carheil; Canadian tariff tailwind potential

Enova Mining unveils "high-grade" REE drill hits at Coda North, Brazil

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News