You can Auction GLN off and still get double or more the MCIMO

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20/05/25

10:04

Post #: 79110979
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Originally posted by roughie12: ↑

This management team needs to put the for sale sign up whilst RIO is on a lithium rampage, they are thew logical owner

Rio Tinto said it agreed to form a joint venture with Corporacion Nacional Del Cobre deChile to develop a lithium project in Chile's Salar de Maricunga resource base. The world's second-biggest miner by market value said Monday that it will invest up to$900 million, consisting of initial funding and further development subject to certainmilestones and studies. The joint venture aims to deliver first lithium by the end of2030. Under the agreement, Rio Tinto will acquire a 49.99% interest in the Salar de Maricungabase, through which Codelco holds its licenses and mining concessions in the region. "Developing this significant lithium resource will deliver further value-adding growthin our portfolio of critical minerals essential for the energy transition," Rio TintoChief Executive Jakob Stausholm said. The transaction is expected to close by the end of the first quarter of 2026.

*DJ Rio Tinto to Invest $50M Into Company if JV Achieves Aim of Delivering First Lithium by End of 2030*DJ Rio Tinto to Provide $500M Once Decision Is Made to Proceed With Project*DJ Rio Tinto to Provide Sum Toward Additional Studies, Resource Analysis to Advance Project*DJ Rio Tinto Will Provide $350M in Initial Funding Into Company*DJ Rio Tinto Will Acquire 49.99% Interest in Company*DJ Rio Tinto: JV Will Develop, Operate Lithium Project in Salar De Maricunga in Chile*DJ Rio Tinto, Codelco Signed Binding Agreements to Form JV*DJ Rio Tinto, Codelco Agree to Lithium Partnership

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You can Auction GLN off and still get double or more the MC

IMO

GLN Price at posting: 10.3¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 13.0¢		Change -0.010(7.14%)		Mkt cap ! $130.1M

Open	High	Low	Value	Volume
13.5¢	14.0¢	13.0¢	$457.2K	3.467M

Buyers (Bids)

No.	Vol.	Price($)
1	9718	13.0¢

Sellers (Offers)

Price($)	Vol.	No.
13.5¢	910934	8

View Market Depth

No.	Vol.	Price($)
5	101971	0.130
14	1615265	0.125
15	1185092	0.120
12	810099	0.115
12	1270662	0.110

Price($)	Vol.	No.
0.135	906624	7
0.140	585375	9
0.145	757875	11
0.150	1055748	8
0.155	200000	2

Last trade - 11.41am 31/07/2025 (20 minute delay)

GLN (ASX) Chart

You can Auction GLN off and still get double or more the MCIMO

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You can Auction GLN off and still get double or more the MCIMO

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