The worst scenario, were to stop construction, GLN would be hibernating with minimal cash spending. HMW and Candelas brine projects are still having asset value.
LEL is selling 90% of their Argentina (Solaroz brine project for $97m, low grade 305mg/l, selling at $33/ton LCE. Currently GLN 8Mt LCE @ ~860mg/l Li, is valued at around $11/ton LCE.
So GLN’s two brine projects could be valued at more than double of current market cap.
As GLN currently doesn’t have debt, it should not have a going concern issue. A40 and AJM went belly up because of their debt.
Either GLN bites the bullet to hibernate, or sells a partial/full asset, or JV. Any of the above, should far enough to justify current market cap.
all imo.
The worst scenario, were to stop construction, GLN would be...
-
- There are more pages in this discussion • 10 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add GLN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
17.0¢ |
Change
0.005(3.03%) |
Mkt cap ! $80.57M | |||
| Open | High | Low | Value | Volume |
| 17.0¢ | 17.0¢ | 16.5¢ | $420.7K | 2.493M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 334361 | 17.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.5¢ | 259700 | 6 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| GLN (ASX) Chart |