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...
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Last
23.5¢ |
Change
0.010(4.44%) |
Mkt cap ! $110.6M | |||
| Open | High | Low | Value | Volume |
| 23.0¢ | 24.0¢ | 22.5¢ | $1.121M | 4.845M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 396929 | 23.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 23.5¢ | 160578 | 5 |
View Market Depth
| Last trade - 16.10pm 29/05/2024 (20 minute delay) ? |
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Last
23.5¢ |
Change
0.010 ( 3.30 %) |
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| Open | High | Low | Volume | ||
| 23.0¢ | 23.8¢ | 22.5¢ | 2383149 | ||
| Last updated 15.58pm 29/05/2024 ? | |||||
| GLN (ASX) Chart |