Hey Roy.  Don't forget that Arena announced on 8/8 that it received warrant exercise forms for an additional 37M shares. Based on the strike price and expiry dates it is obvious that LAC and Ganfeng are the owners of those warrants. The issuance of these shares should happen this month or next and then LAC will own at least 20% of Arena with another 4 million plus warrants to spare. LAC and Ganfeng combined will have a majority ownership stake in Arena before you know it. Lots of activity down in Pastos Grandes.  

Regarding the planned split of LAC, I am starting to wonder if LAC will just trade some of their Pastos Grandes assets (Millennial or Arena stake) in return for the Ganfeng 11% shares of LAC. LAC paid $400m for Millennial and the Ganfeng shares are currently worth about $400m. This move would allow LAC to get Ganfeng off their books without having to split the company or without have to deal with the politics of having a Chinese company own 11% of your shares.  Remember Ganfeng bid on Millennial first....The other option is to offer up half of Millennial and half in cash. If the fine Senator from Arkansas is correct, the majority of LAC's TP funding could be coming from a pending government loan. We could put that cash to use if needed. Just a speculative thought is all.

WBDT