GLN 8.70% 31.5¢ galan lithium limited

Moin mondy,there is an important restriction on obtaining an...

  1. 259 Posts.
    lightbulb Created with Sketch. 348
    Moin mondy,

    there is an important restriction on obtaining an export licence in Argentina. The background to this is the desire to incentivise investment in value-added production in order to prevent the simple exploitation of raw materials by foreign companies without domestic value creation.Although lithium chloride is not an unprocessed raw material, unlike lithium carbonates, the previous Argentinian government tended to categorise it as an "unprocessed" raw material / "resource". Obtaining an export licence for the exclusive production of lithium chloride was therefore not promising.

    To my mind, this is a narrow-minded view of the loss of value, but it is/was the case. Livent, for example, produces both chlorides and carbonates. An important difference to pure chloride production and therefore has a comprehensive export licence.
    I think that answers your leading question:
    ...why for the last two years has there been a steady stream of takeover offers/executions of undeveloped projects (some only at PEA stage)...

    I am not aware of even one of these projects being based on a pure lithium chloride strategy?rolleyes.png
 
watchlist Created with Sketch. Add GLN (ASX) to my watchlist
(20min delay)
Last
31.5¢
Change
-0.030(8.70%)
Mkt cap ! $130.1M
Open High Low Value Volume
35.0¢ 36.0¢ 31.0¢ $1.192M 3.558M

Buyers (Bids)

No. Vol. Price($)
3 7065 31.5¢
 

Sellers (Offers)

Price($) Vol. No.
32.0¢ 20000 1
View Market Depth
Last trade - 16.10pm 10/05/2024 (20 minute delay) ?
Last
32.0¢
  Change
-0.030 ( 8.10 %)
Open High Low Volume
35.5¢ 36.0¢ 31.0¢ 1997630
Last updated 15.59pm 10/05/2024 ?
GLN (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.