Canadian listed Argentinean lithium brine players have had a bumper month leaving the Aussie listed comparables behind.
Lithium Chile (lith) has a 60% stake in the 3.3mt lce arizaro project which is not even under construction. It also has some minor stuff in chile but is now trading at cad 180m (aud200m) - a premium to Gallan! Work that one out.
lithium south (lis) owns the 1.6mt lce hombre muerto north project , ie <20% of the lce gallan has, and not under construction. Market cap of lis? <20% of gln? No, it is cad60m (aud 68m) - nearly half of gln.
The valuations on those two Canadian stocks are crazy compared to gln. it would seem a no Brainer to me to pair a long gln trade with a short lis/lith trade.
Canadian listed Argentinean lithium brine players have had a...
Add GLN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
28.5¢ |
Change
-0.015(5.00%) |
Mkt cap ! $117.7M | |||
| Open | High | Low | Value | Volume |
| 29.0¢ | 30.5¢ | 28.5¢ | $346.0K | 1.190M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 23 | 895196 | 28.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 29.0¢ | 77107 | 5 |
View Market Depth
| Last trade - 13.55pm 15/05/2024 (20 minute delay) ? |
|
|||||
|
Last
29.0¢ |
Change
-0.015 ( 3.97 %) |
||||
| Open | High | Low | Volume | ||
| 29.5¢ | 29.5¢ | 28.5¢ | 437347 | ||
| Last updated 14.16pm 15/05/2024 ? | |||||
| GLN (ASX) Chart |