Here's the thing...
IF they are serious about HM...then a GLN buy-out is logical.
Look at the HM map...if they had GLNs tenements (including the west) POSCO would be the largest land owners on HM. Bigger then Livent and FMC.
250-300M+ AUD does it IMO.
You can bet that POSCO will be watching GLNs drilling results with interest.
The thing is...I don't think the Chinese are going to keep letting the Koreans take valuable lithium market share and assets at discounted prices.
After Atacama in Chile...Hombre Muerto is the best salar in the world for lithium. This is a fact.
There are lots of Salars...and lots of brine in the world. There's NOT a lot of quality cost effective assets like Hombre Muerto. Our drilling results will show this very soon!
IMO
DYOR!!
Here's the thing... IF they are serious about HM...then a GLN...
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Last
15.5¢ |
Change
-0.005(3.13%) |
Mkt cap ! $116.6M | |||
| Open | High | Low | Value | Volume |
| 15.5¢ | 16.0¢ | 15.5¢ | $73.16K | 459.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 359493 | 15.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.0¢ | 117530 | 13 |
View Market Depth
| Last trade - 10.10am 15/11/2024 (20 minute delay) ? |
| GLN (ASX) Chart |