WERSIG1) monetizing a project whereas, the offer is less than what Portofino - put into the project is
very disrespectful to shareholders.
2) if Galen has drilled aside of Portofino and revealed 900+/ppm/liter it is in Portofino's best
interest to command a far - higher price than what's stipulated.
3) in the latest press release it sounds like someone did some back tracking and made Galen
the vendor for Portofino - when in fact / Portofino was there on Hombre well before Galen,
which places the odds in a context of, another is Portofino's Vendor.
4) Sounds like someone has back tracked - switched up the vendor - making Galen Portofino's
vendor....yet, if we study the map...Livent's boundary has the greatest coverage of ownership,
And if we back track even more...it would point to, FMC before they performed thier Livent IPO.
5) Portofino never truly revealed who thier vendor was....which is very odd.
And...also very easy fr fr se behind the scenes to make this adjustment and hope no one noticed
6) making Galen the vendor over Portofino....justifies the cheapola DEAL.
places....Portofino as the lessor + Gaen as superior.
7) the report I read - yesterday - detailing FMC + Livent's operations...stated they have 40/leases.
Didn't say where...but one would assume it's the Hombre SALAR all divided up.
8) WERSIG if what you say has any merit....then why is it... Portofino CANNOT ADDRESS the
after math value and place it in the original press of yesterday?
9) not being forthright....allows the first part of the transaction to pass...which if there is any monies
atva latter date - makes it very difficult to reverse the actions....given the first part of the deal
would have already been cleared.
10) Portofino was on the HOMBRE ( well before ) Galen even showed up.
11) a proper deal would look like....Galen + Portofino JV-ing.
Thus....creating 50/50 partnership a real value for Portofino's shareholders.
12) atvno point in time has Portofino addressed the dismissing of, Project 11.
seems Portofino has a habit of making SALARS dissappear.
13) at 900+/ppm per each liter...equates to 900,000/ppm per each tonne of brine.
if we compare to Nevada lithium projects...it's 1000x greater ( ore tonne to brine tonne )
14) again...if there is...morecmonies involved...then it should be addressed in press.
But...I'm not reading it that way.
15) HOW DOES THE PRESS READ ?
Once the regulatory approves it...
Down - payments + shares transacted.
The issue of, 650,000 fully paid Galen common - shares.
Reads as...Portofino renders thier 100% rights .
There is NO - OTHER MONIES.
Pending the completion of due diligence and any regulatory approvals, Galan will pay Portofino CDN$100,000 in cash (inclusive of a CDN$20,000 deposit) and issue 650,000 fully paid Galan common shares for Portofino's 100% interest in the Hombre Muerto West Agreement (HMW Agreement).
16) The press goes on to say....
A twisted statement that reverses the above caption and now places Portofino...
With, a right to earn in...now....how can this be so....if the above caption stipulates
Galen received 100% interest in Portofino's Hombre.
It's like I said in a former post....the wording is all, mixed up.
The HMW Agreement gives Portofino the rights to earn a 100% interest in the Del Condor and Pucara lithium brine projects. Galan has a three-month exclusivity period (with an option to extend for another three months) with Portofino. Galan is listed on the Australian Stock Exchange (ASX: GLN)
17) I kind of feel someone who " really owns the claims " has placed Galen over Portofino.
A back - tracking ( to make it sound ) as Galen is superior over Portofino, when in reality
Portofino was on Hombre well before Galen ever was...we can prove this by, checking out
When Galen advertised the Hombre claims. ( wink )
18) Solidifying a.... J-V with Galen...should be entertained.
19) in Portofino's latest video...Taffel admits to how cheap the SALARS are to maintain.
Portofino let it leak....lol... if they're so cheap...then there's no reason to literally give them away.
We need to keep in mind....what Portofino did with Rio Grande.
And...it appears Project 11 has now vanished.
20) Portofino was suppose to do a field explore last - fall.
They didn't = and let the stock slide all the way down to $.015/cents.
Who SCOOPED some cheapies @ $.025/cents + $.03/cents ?
Taffel....pretty slick...say you'll do an explore on red lake = don't follow through.
Let the stock slide...and scoop CHEAPIES.
21) AS BAD AS SAYING....the lithium market is slow....and do nothing.
When lithium has a multitude of sectors it can be used for.
Portofino has HID BEHIND the slow battery metals excuse for far too long.
How about pissing away all the mines few years ago...when battery metals space
Was...in full swing...does it make sense to spend all the cash on all else...pay self,
sink the ship having no monies to drill + then roll the stock...+ Drop Rio Grande ?
22) what I want to see ?
Taffel step down. ( he does not know how to run businesses + bring value )
TSX refuse this current deal.
It's not a deal at all....Project 2 has vanished + the transaction with Galen is a give away.
Especially after Galen has just confirmed thick brine horizon with - 900+/ppm per liter.
Wango~