Timing101
3 years ago
LAC... I acquired at 11 per share .. nice now
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This connection may make Arena a NICE FIND>
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Quote
"Announcement November 24th, 2021: Lithium Americas Increases Strategic Interest in Arena Minerals. LAC purchased 23,369,003 common shares (the βArena Sharesβ) of Arena Minerals Inc. (TSX-V: AN) (βArena Mineralsβ) at a price of C$0.54 per share through an alternative market transaction for aggregate consideration of approximately US$10 million (the βPurchaseβ). The Arena Shares represent 6.3% of the issued and outstanding common shares of Arena Minerals as of close of market on November 24, 2021. Prior to the Purchase, Lithium Americas beneficially owned 42,857,143 common shares, representing approximately 11.6% of Arena Mineralβs issued and outstanding share capital on a non-diluted basis, and 21,428,571 share purchase warrants (βWarrantsβ). Following the Purchase, Lithium Americas beneficially owns 66,226,146 common shares of Arena Minerals, representing approximately 18.0% of Arena Mineralβs issued and outstanding common shares on a non-diluted basis, and 21,428,571 Warrants.
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Dr_Vonschellan
3 years ago
Looks_like we're_getting bigger... bigger_in Argentina
https://markets.businessinsider.com/news/stocks/arena-minerals-to-acquire-large-high-grade-lithium-brine-project-in-salta-argentina-1030254103
If Chile next door does go into a 2 year "freeze up" while the next National Constitution Rewrite Convention is in session which begins April 11, runs 365 days for 155 delegates, and then could easily take another year after that to put into full operation then it is entirely possible most new battery makers will be looking for more lithium in Argentina, Bolivia and Mexico whilst Chile is struggling to pull its new LCP (Leftist, Commie, Pinko) head out its ass.
The Doctor