My friend, this is my answers to your optionsa) sorry we didn't...

My friend, this is my answers to your options

a) sorry we didn't find any buyers NOT AN OPTION. Announcement is clear, relates to a sale.

b) partial sale NOT AN OPTION. LEL doesn't have much to add to a big company that is interested in the resource and wants it.

c) full sale for a pittance (at or less than current market value of $50m or 50c/sh)
d) full sale for a decent amount (>$100m, >$1/sh)
e) full sale at the multiple of the Alpha Lithium / Tecpetrol transaction last October ($200m, ~$2/sh)

All these are valid options. It is just a matter of price.

In the last announcement re brine recovery LEL stated: " Lanshen to move a pilot plant container into Argentina...//.... Lanshen to complete LiCO3 production from the samples they were playing with within 2 weeks."

It has been prob a month from that. So by now, Lanshen might have the information in hand that their system is all good, and confirmation that they can produce successfully battery grade LiCO3.

In addition, they are building a plant "for free" anyway, say US$50M (they need to cough up that).

Argentina started to move like a steam roller. All EIA getting approved, all projects getting fast track. Milei effect.

KOCH (USA) successfully completed commercial scale DLE last week at Standard Lithium (likely using Lanshen resin).

Argentina-China relationship still intact (Argentina international counsellor) met with presidents of Ganfeng and Tibet Summit Resources yesterday in China.


This trading halt makes sense to the extension of the DD with Novonix. It still doesnt make sense to me of why the spin off of Graphite. They could have sold the interest in Solaroz and then do the merger of assets under LEL or a new Co.... ??

Re price I would say US$100M rings a bell (so US$90 for LEL (90%)), which is SP $1.20. Of course we all aim for more, expect the buyer.


PS:.... we all dream that Elon picked up the phone and called William last week... keep dreaming... hahaha