oceanroar2k

[oceanroar2k @oceanroar2k]

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[oceanroar2k @oceanroar2k]

@PianoFan2 This offer and the whole process is so poor @ GLN management. One of the worst management in corporate history and how they hell bent in destroying 100% of shareholder value.

[oceanroar2k @oceanroar2k]

@Divedundee @GalanLithium They need to sell the entire asset (HMW) to a Chinese miner and hope to get $400-$500mm. In these markets don’t see substantive financing for another 12-18months. I am assuming they have circled all OEMs as well and no one if financing them yet.

[oceanroar2k @oceanroar2k]

@SamsonLi7 @ItsWarrenIrwin Tell them about $GLN. Urgent need for financing and world class lithium asset!

[oceanroar2k @oceanroar2k]

@BLSHigh @mondyinvest Can we send this to roaring kitty!

[oceanroar2k @oceanroar2k]

@LiBull888 @BLSHigh There is no phases now; just hopeless pit; last chance to sell the entire asset to a Chinese miner

[oceanroar2k @oceanroar2k]

@BLSHigh @mondyinvest Only option is to sell the asset to a Chinese miner! I just hope JP/board listens but highly doubt it when the hubris of stupidity strikes you!

[oceanroar2k @oceanroar2k]

@imba618 Would have assumed SQM, seems like Tesla could be in the mix. Would be massive if Tesla indeed is in the mix and can provide financing!

[oceanroar2k @oceanroar2k]

@ie_andy @LiBull888 @mondyinvest $GLN BOD should realize by now there is only one option left; sell the entire asset to a Chinese player and hopefully, get 3-4x multiple of current market cap. Only way to salvage value for current shareholders.

[oceanroar2k @oceanroar2k]

@terry_dog And why is that? You getting funding? Or another promise on a path to bankruptcy? Apart from DJ, all the current BOD should be fired!

[oceanroar2k @oceanroar2k]

@spovend76 @ie_andy @D_Jimenez_Sch @GalanLithium @Glencore Do you think glencore even cares? Look at their revenue/market cap vs this potential deal. I am surprised $GLN even went with an open-needed arrangement with them. I am still surprised they not going to an OEM or a battery manufacturer. Or maybe they did and it was no go.

[oceanroar2k @oceanroar2k]

@manishkhosiya Send

[oceanroar2k @oceanroar2k]

@_gobbler At this point, they should just sell the entire company to a Chinese miner, similar to some Argentine peers such as Neo Lithium etc. Salvage some value!

[oceanroar2k @oceanroar2k]

@D_Jimenez_Sch @GalanLithium Something doesn’t add up: best resource/grade; world-class team/operators; great community/govt relations; low opex/capex; but struggling for funding! Why no OEM/Japanese/SK battery maker or Chinese miner as minority investor?

[oceanroar2k @oceanroar2k]

@imba618 Hopefully, this will accelerate the path to funding for phase 1!

[oceanroar2k @oceanroar2k]

@_gobbler What about opex? Any thoughts there?

[oceanroar2k @oceanroar2k]

@daando37 Can’t make sense of the lapse of time. Four months and counting due diligience time for GLEN for a $100mm investment doesn’t sounds logical.

[oceanroar2k @oceanroar2k]

@imba618 @GalanLithium @terry_dog @D_Jimenez_Sch @PohlClau Makes one wonder, why galan not courting Chinese players and waiting now for more than 3 months for glen due diligence

[oceanroar2k @oceanroar2k]

@peterepstein2 Market pricing in roughly these assumptions: 500ktpa production and margin of $500/t, tax rate of 85% and p/e of 5x, giving $1bn market cap

[oceanroar2k @oceanroar2k]

@peterepstein2 And how you get EBITDA, in other words what the price deck you used? How about peers are overvalued?