LG is happy to pour $379m (US$250m) into LTR, mainly to secure...

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.