As we know LAC has or is in the process of purchasing just under 43 million shares in Arena Minerals.

Arena Minerals trading was halted by the TSX as of the 21st and has just started to trade again within the past hour.

Ganfeng owns 18.7% of Arena.

Has anyone have a sense of what is going to happen... this is my humble list.

A.      Lac and Ganfeng are going to take over Arena and spin out or sell off the copper and exploration assets.

or

B.      Lac and GF will help fund the Arena’s Sal De La Puna property and mill it (process it) at Cauchari.

or

C.      It is just an investment. Lac and GF will do nothing else and watch Arena continue with there plans to finance and build.

I know this is not Arena Minerals board. Sorry if not allowed.

Dan

From the mail room