You had plenty of opportunities to invest while BMG was cheap at...

  1. 2,892 Posts.
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    You had plenty of opportunities to invest while BMG was cheap at 0.7c-0.8c.

    GLN is too much of real estate advertisement about next door. GLN might need to do another capital raising soon, may be at below 20c. Seriously look how much it costs to drill 6 holes.

    BMG's delay in drill is because they spent a lot of time finding the most cost effective contractor to drill. Why JV too so long to sign?

    They want to find way to walk away as they found other company will pay much more eg $15m cash as lithium market picked up. Finally got JV signed.

    Chilean salar land value (no drill, no geophysics) worth about US$1500-2000 per hectare. 20,000 hectares on 50% basis should worth over AUD$20m without any drill or geophysics.
 
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