It is interesting to note that the CEO of Canadian listed Lithium Chile , whose main asset is actually a 62% in a 3.3mt LCE resource on the Arizaro Salar in Salta, about 100km away from Hombre Meurto, talked openly in a video this morning about trying to sell the Company outright. The issue is spoken about numerous times in the video below, perhaps the best time on the video is around the 44m 10s mark. He also claims that their Arizaro project would have been sold earlier this year if it were not for the Canadian's Government stance against Chinese companies (18m 55s in video)
GLN has about 3 times equity lithium resource vs Lithium Chile yet is trading at less than 1.5 times the EV so i wouldn't understand why people would potentially pay up for the Lithium Chile when Galan is getting so cheap. Of most relevance for GLN:
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14:45 is there M&A money left in the lithium market?
18:55 why is Lithium Chile not sold already?
24:30 how/when will they find a new potential buyer?
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44:10 does selling the whole company even make sense now?
It is interesting to note that the CEO of Canadian listed...
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Last
29.0¢ |
Change
-0.010(3.33%) |
Mkt cap ! $119.7M | |||
| Open | High | Low | Value | Volume |
| 29.0¢ | 30.5¢ | 28.5¢ | $558.3K | 1.921M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 99579 | 29.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 29.5¢ | 34450 | 3 |
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| Last trade - 16.10pm 15/05/2024 (20 minute delay) ? |
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Last
29.0¢ |
Change
-0.010 ( 3.97 %) |
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| Open | High | Low | Volume | ||
| 29.5¢ | 29.5¢ | 28.5¢ | 590029 | ||
| Last updated 15.55pm 15/05/2024 ? | |||||
| GLN (ASX) Chart |