LG is happy to pour $379m (US$250m) into LTR, mainly to secure 140k-160k spodumene concentrates (equivalent ~21kt LCE).
GLN stage 1 production is not big, 5.4kt LCE equivalent lithium chloride concentrates; but stage 2 production 21ktpa LCE is meaningful.
The advantage of lithium chloride concentrates, they can be used to directly produce lithium metals, also I believe chloride concentrates have advantage in producing LFP batteries.
It's very unfortunate that share price dropped 93% from the recent peak. The stock market is crazy, everything can happen.
Current market cap of $78m is way overreacted, in my view, especially an early stage Argentina's brine project (smaller size and much lower grade project) is being acquired at $97m.
The lithium sector sentiment is very pessimistic. I guess the sector bottom is currently forming, likely we are in the darkest time just before the dawn.
It's tough while you have a different view against the majority.
Always invest the fund afforded to lose. Contra investment is a good strategy.
All imo.
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Last
15.3¢ |
Change
-0.003(1.61%) |
Mkt cap ! $74.56M |
Open | High | Low | Value | Volume |
15.5¢ | 15.5¢ | 15.0¢ | $79.23K | 514.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
47 | 1272003 | 15.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
15.5¢ | 228989 | 18 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
47 | 1272003 | 0.150 |
19 | 524944 | 0.145 |
24 | 629660 | 0.140 |
10 | 546392 | 0.135 |
8 | 475100 | 0.130 |
Price($) | Vol. | No. |
---|---|---|
0.155 | 228989 | 18 |
0.160 | 226975 | 13 |
0.165 | 218500 | 8 |
0.170 | 1054500 | 4 |
0.175 | 69000 | 2 |
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