General Discussion Banter GLN, page-14829

First 14829 Last

Share
Profile

Follow
HongFang

745 Posts.

251

16/03/24

13:37

Post #: 72920068
Share

Originally posted by mondyinvest: ↑

Wow. A lot in there to think about. Incredibly for me this feels like the first time anyone in industry (outside of Galan) has actually provided a view on the strategy. A few thoughts.

I think there you have your answer for possible persistent ‘undervaluation’ (if you want to call it that) of Galan; like him or hate him as head of ATLM and LTHM before that, he’s the one HF’s and institutions are talking to and getting (what they believe, partly due to his IB background) is *the* reputable view on the chloride strategy on the salar. If they were asking DJ then it seems nobody has been buying his narrative except maybe Joe Lowry (who never bought it enough to actually invest, which says something).

I’ve listened to Paul twice now and he seems to be making two key points:

- LiCl itself can’t be exported to China because the leftover water content needs to be left in country to be reinjected to the salar for environmental reasons.

- in country transfer may work (“Can you move it between salars? Clearly it’s a bit easier to truck brine within a country, process it, and truck the brine back again”) and his comment about Glencore being grateful for someone to actually offer to convert the product for them sounds a bit like a marketing swing, but then immediately after that he questions whether it’s even logical. Earlier on he noted they will be converting LiCl to carbonate at Fenix, Olaroz and Sal de Vida (i.e. are they going to need anyone else’s product to augment their own?).

I think overall the main concern I have out of this segment is that, under JP’s non-export, in-country strategy, Paul Graves and ATLM are supposed to be exactly of the target *customers* for Galan’s product as feedstock. Given he thinks Glencore have signed up to a deal they can’t monetise, does he sound at all interested?

Expand

No he doesn't seem interested Mondy. Not interested at all.

So Gln are allowed to evaporate the majority of the water, but the relatively small amount left at the end has to stay in country to be re-injected?

GLN Price at posting: 40.5¢ Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

ITM

Fast-track assaying yields 182 g/t gold for iTech at new NT play

RZI

Raiz to exit Malaysia; focus on Australian business growth

STN

Saturn’s stars have aligned for the gold explorer’s Apollo Project

AWJ

Auric jumps 10% on maiden cash sales in Q3CY24 and firm guidance

CUV

British study shows Clinuvel drug effective on DNA of UV-damaged skin

There are more pages in this discussion • 674 more messages in this thread...

First 14829 Last

Add GLN (ASX) to my watchlist

(20min delay)
Last 16.5¢		Change -0.005(2.94%)		Mkt cap ! $79.38M

Open	High	Low	Value	Volume
16.5¢	17.0¢	16.5¢	$46.12K	277.4K

Buyers (Bids)

No.	Vol.	Price($)
17	677433	16.5¢

Sellers (Offers)

Price($)	Vol.	No.
17.0¢	339268	15

View Market Depth

No.	Vol.	Price($)
17	677486	0.165
25	748841	0.160
10	1304022	0.155
21	680083	0.150
6	497200	0.145

Price($)	Vol.	No.
0.170	339268	15
0.175	323086	5
0.180	239047	6
0.185	137092	4
0.190	189132	4

Last trade - 11.05am 05/07/2024 (20 minute delay)

GLN (ASX) Chart

General Discussion Banter GLN, page-14829

Fast-track assaying yields 182 g/t gold for iTech at new NT play

Raiz to exit Malaysia; focus on Australian business growth

Saturn’s stars have aligned for the gold explorer’s Apollo Project

Auric jumps 10% on maiden cash sales in Q3CY24 and firm guidance

British study shows Clinuvel drug effective on DNA of UV-damaged skin

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

General Discussion Banter GLN, page-14829

Top Stories

Fast-track assaying yields 182 g/t gold for iTech at new NT play

Raiz to exit Malaysia; focus on Australian business growth

Saturn’s stars have aligned for the gold explorer’s Apollo Project

Auric jumps 10% on maiden cash sales in Q3CY24 and firm guidance

British study shows Clinuvel drug effective on DNA of UV-damaged skin

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News