Bullboard - Stock Discussion Forum Bearing Lithium Corp BLILF

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Bearing Lithium Corp operates as an exploration and development company in North America. The company is focused on identifying, advancing, and de-risking lithium projects. Its project includes the Maricunga Lithium located northeast of Copiapo in the region of the Atacama in northern Chile.

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Bearing Lithium Corp > BRZ's SP

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Post by tiger2201 on Oct 27, 2022 7:50am

BRZ's SP

LPI was really strong in ASX, closed at A$0.64, 9.4% gain, with over 4M shares traded. So BRZ is equal C$0.408 (0.64/1.14x0.70+0.015), with exchange rate C$1=A$1.14. The discount is 25.5% (BRZ closed at C$0.325), so BRZ should have a BIG day today to close the gap.

The Voting is tomorrow, 2 days to go!

tiger

107

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Comment by canaso14 on Oct 27, 2022 9:27am

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Comment by moorage on Oct 27, 2022 10:36am

If the australian LPI share price should stand at AU$0.70 tomorrow, the approval of the merger among BRZ shareholders will be high. And the exchange share price at BRZ must therefore be CA$0.45. ( Opinion, or copy of a post from CEO.CA )

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Comment by neosceptic on Oct 27, 2022 10:58am

I would be surprise if No will be over 10%, still need to vote to avoid surprises. You can drill using JV, go through DFS, no problem. But financing or sale or partnership of shattered company is not very easy to achieve. Who would lend money to one project covering 1/3 of salar, while owed by three companies in different jurisdictions with mixed legal status (public and private)? In couple days, ...more

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Bearing Lithium Corp