Lithium Americas Corp T.LAC

Alternate Symbol(s): LAC

Lithium Americas Corp. is a lithium resource company. The Company is focused on advancing Thacker Pass to production. The Company owns 100% of the Thacker Pass project, which is located in Humboldt County in northern Nevada, through its wholly owned subsidiary, Lithium Nevada Corp. Thacker Pass is situated at the southern end of the McDermitt Caldera, approximately 60 miles (100 kilometers) northwest of Winnemucca, in Humboldt County, northern Nevada. Its subsidiaries include RheoMinerals Inc., KV project LLC, and 1339480 B.C. Ltd.

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Lithium Americas Corp > Bought shares on over reaction

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Post by neoscepticon Apr 18, 2024 1:34pm

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Post# 35996341

Bought shares on over reaction

Before transaction:

Share price 9.15; number of share 161M cash in bank 175M
9.15 * 161 = 1.473 M

After the the offer:

6.66 (s/p) * 216 (new # of shares) = 1, 438M

Cash in the bank 175 + 55*5*1.3 (to cad) = 530M

Maret either overvalued the company yestarday or do not consider increase in cash today.

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