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Dajin Lithium Corp. V.DJI

Dajin Lithium Corp is a resource exploration company. The company is engaged in the business of acquiring and developing mineral properties. Its projects include the Teels Marsh Lithium project, Alkali Lake Lithium Project, and Salinas Grandes. Geographically, it operates in Canada, Argentina, and the United States.


TSXV:DJI - Post by User

Post by Wangotango67on Sep 21, 2020 4:02pm
52 Views
Post# 31592600

THOUGHTS....

THOUGHTS....If Dajin owned entire salr 
Then LSC came along for a 51% interested and this was completed
Then...Pluspetrol has 51% of this salar - by fulfilling LSC's earn in agreement -
By spending an expenditure of US$1,250,000 on the Salinas Grandes salar and payment of US$600,000 to Dajin Resources Corp.

O.K. -  so....it appears Sajin stil lhas the 49%
All the better...i had originally thought - Pluspetrol had al lthe more % share - but not so.

WHAT DID PLUSPETROL PAY TO LSC ?
Pluspetrol Resources Corporation B.V. acquired all of the issued and outstanding shares of  LSC Lithium Corporation for approximately CDN $111 million.

If i recall correctly -  Rio had nowhere near the ppm average as does the prelim results
of Dajins San Hose - Rio had few hundred ppm - while - prelim results on San Hose are 591 ppm
Double that of Rio....and Plus Petro stil ldished out some decent cash....Even though LSC  had a larger package of lands...


If we knew the 7 hole ppm brine results...
Such would favor investors...
Why are they sitting on these brine results ?
And - for so long ?
Such would favor a larger player - right ?




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