Portofino arranges $500,000 placement
2020-03-06 07:21 ET - News Release
www.stockwatch.com/News/Item?bid=Z-C%3aPOR-2875191&symbol=POR®ion=C The company also maintains an interest in prospective lithium salar properties located within the world-renowned Lithium Triangle in Argentina. Wango-
Perhaps put an ( S ) on ' maintains an interest.
Sounds far too ' singulare to me.
I've invested in Lithium SALARS...
Not impressed how Portofino is wanting to, literally give the Del Condor + Purcara away.
If Galen's drill results proved 300+ meter + 600+meter brine horizons with 900 - 1000+/ppm
lithium - then...it's all the more reason to keep the SALARS = knowing they have all the more value
since Galen has drilled.
The minescule monies Portofino wants ( for the 2 Hombre ) projects is laughable.
And...will be quickly spent by Portofino on wages + Redlake.
Shareholders would see far - greater value if - SALARS are kept or, JVd with another, or SOLD
at fair market value...
If the $500/k was put towards paying off the 2 Hombre locations, such would bring superb
value, to shareholders....2 Hombre locations would be fully paid off. ( $400/k ) + 1/mil shares.
YIP....
I don't like seeing the word " interest '' without an ( s ) .
And...where is project 2...?
Hmmmm.
Another...Rio Grande situation ?
I would like to see Project 2 back in Portofino's portfolio.
If the, SALARS were worked, advanced beyond - surface explorations - Portofino could have
an entirely different storyline...perhaps a something like, Galen.
Portofino promised to drill Hombre....long ago.
Thank God, Galen has drilled Hombre...it has proved the lithium is present on West Hombre.
And in BIG PPM + DEEP BRINE HORIZONS.
Not enough, attention has been given to our SALARS...too - many other " junior " projects on the go.
Prez should stick to JUST one junior - job role...Much more would be accomplished.
If the HOMBRE SALARS were let go at the cheapola price Portofino wants...
It would be consumed in a blink with company run costs...
And I ask...how is that shareholder value ?
It's not.
Even in the downtime - Portofino could have had their brines worked - advancing extraction.
There's several companies out there that have made superb headway on, brine - extraction
without the need for, evaporation ponds...plant e traction is the way to go, and reuse the spent
Grimes sending brines ( back downhole ) to perhaps rebond with more lithium.
SALAR HYDROLOGY is then maintained and REUSE of water could complete a recirculating model
that would utilize the water to maximize all the more lithium.
Cheers !