shugg1e
28 Feb 2018
Re: RNS doesn't sound good this will tank now new lows?
Tatty
28 Feb 2018
RNS I wonder why the Chinese failed to cough up the money? There is bigger story to tell.
sennsmankini
24 Feb 2018
Re: nearly there Think it’s to do with the re domicile The Canadian market has been in a selling mode since the announcement and the lse has been following the re rate imo I suspect a swift reversal anytime,this is bargain basement territory
JimogC-O-D
24 Feb 2018
Re: nearly there What's dragging these down? They're making a serious dent in my SIPP!
velocipede
24 Feb 2018
Re: nearly there Also looking to get back in. Support levels on barchart.com given as 88.185 and 85.370.
shugg1e
23 Feb 2018
Re: nearly there didn't quite get to 90p to buy today but ill see what happens Monday may lower it to 80p now as longer term support looks in play
sennsmankini
23 Feb 2018
Re: nearly there Go shuggle go !You have it Talk about being oversold,this Is flipping ridiculous
shugg1e
22 Feb 2018
nearly there now where are all those who said its not going back to 90pjust wish i had kept that 152p short onbuy order in at 90p
sennsmankini
20 Feb 2018
Peter Secker Interview [link] New Energy Finance (BNEF) says that sales in electric battery vehicles in the third quarter (Q3) of 2017 was 287,000 units, up 63% from the same period in 2016. This gives a nine month total of 350,000 vehicles sold between January and the end of September 2017. BNEF says that by 2030 global electric vehicle sales will be in excess of 24 million units annually.So where will the lithium come from? This is the metal that, at the moment, is critical in transportable battery composition.Expectations among the mining community is that, while it seems Earth has enough lithium to go around, BNEF says that lithium ion battery manufacture over the next 12 years will require 1% of the world’s supply. The big question is where are the new mines to bring this supply on?London and Toronto-listed Bacanora Minerals has just passed a significant milestone with the publication of the feasibility study from its Sonora lithium mine in Mexico. Indicating a net present value of $1.25 billion in resource, CEO Peter Secker tells IG that its cost of production is in the lowest quartile at $4000 per ton. With lithium prices currently around $13,000 per ton, the internal rate of return (IRR) is 26%.So what does Bacanora have to do to begin production? Secker is hopeful that, subject to the funds being available and the project working to schedule, that production will begin in the first quarter of 2020.Recently, Bacanora has seen some big names take a position in the company; BlackRock, M&G, Hanwa and Igneous each with a 10% holding, and Capital Group on 7%. Secker says he hopes that those shareholders will provide ‘strong support’ when it comes to raising the $420 million in capital expenditure needed to fund the mine works.Once up and running, Bacanora fully expects that all of its lithium production will go to Asia, where, according to Secker, 95% of all lithium ion batteries are made. Does he see demand from US electric car giant Tesla? No, the company’s focus will concentrate on supplying producers in China and Japan.With its market capitalisation at £139 million, finding the funding could be critical to the future direction of Bacanora’s share price.
wineberry
11 Feb 2018
Re: financing options That's very useful & helpful information - thank you. I didn't realise that a lithium ETF existed!(If SELL appears on this, please ignore; should be HOLD but my computer insists on providing sell as the only option )
sennsmankini
11 Feb 2018
Financing options appear on track Expecting a re rating to circa £2 on a successful financing plan Bacanora Minerals said it would re-commence the process of changing the domicile of jurisdiction from Canada to the UK.The company said it intends to raise a significant amount of new debt and equity financing to fund its growth as an international lithium company with new projects in Mexico and Germany and believes that a UK domiciled company with its primary listing on AIM is the best way to achieve this.The company's efforts in September 2016 to re-domicile from Canada to the UK was unsuccessful as it failed to obtain shareholder approval to proceed with the move.At 8:45am: (LON:BCN) Bacanora Minerals Ltd Ord Npv di share price was -6.5p at 101.5p
shugg1e
09 Feb 2018
Reason for the fall The Global X Lithium ETF has been in free fall since the start of the year and looks to have a little further to go to the downside yet.That should see these fall to around the 80-90p area regardless of the company fundamentals.Search for Global X Lithium ETF and watch that.
shugg1e
08 Feb 2018
Re: Buy at 116 if its market related then the Dows currently down over 600 points againlooks like its heading to 23000 so thats another 1200 points to fall
in4apennyin4amil1
08 Feb 2018
Re: Buy at 116 Fair cop, you got me.I think you've been lucky though. The move down had been related to the whole market rebalancing.This company is in a completely different position to where it was 6 months ago - even 3 months ago - when it was trading under 100. I'll be amazed if it gets there. I won't wish you luck though!
wanting_to_know
06 Feb 2018
Re: Buy at 116 Buy @ 98 !!!
