in4apennyin4amil1
05 Jan 2018
Next stop 150? Has been rising nicely from 100p... strong increases, with a small pull back to consolidate before forging new ground again.It reached 139 this morning before consolidating back at 135p before the next push up?Next stop 150? Choo choo!
sage in the hills
05 Jan 2018
Re: Puzzling basilicata ..... intriguing .....So investors not convinced because, selling slight profits, and thendrilling it down into new unknowns is only going to drill money away with NO profits showing in KDNC ..... = drilling down the spSAGE
basilicata
05 Jan 2018
Re: Puzzling Could be because of KDNC's new strategy which (insofar as I understand it, which is probably not very much) seems to be to sell their existing assets when possible and put the proceeds into earn-in drilling programmes in unknown startups. Brave but risky, and investors are perhaps not yet convinced.
Bluemogganer
05 Jan 2018
Puzzling What puzzles me is that KDNC whom I think has an approx. holding of 9% in BCN remain as flat as a pancake and are almost at an all - time low whereas BCN is at an all - time high. Thankfully I jettisoned most of my KDNC shares sometime ago but retain a very small holding in the latter. I suspect quite a few BCN holders are in a similar position so can anyone offer an explantion? Thankfully my considerable losses in KDNC have virtually been eliminated thanks to BCN spectacular rise! It's good to see the SP holding up today!
in4apennyin4amil1
04 Jan 2018
Re: Happy New Year..! We should see support at 116p (If the Chinese paid £31m for 20% of the company and there are now 133m shares in issue, you get £31m/0.2 = values the business at £155m).Obviously great to see that the potential is being recognised and that serious development in only 24 months away - hence the price shooting up beyond that.I'm not sure about tucking these away for 5 years - 18 months might be more like it.With a (conservative) NPV at $1.25bn, if they can raise capital with these cornerstone investors rather than through equity, we might see a price closer to £4-5 than £1 in a couple of years (assumed £900m value with 200m shares in issue).And, of course, all the while Elon will be looking over the wall at a huge, low cost, Lithium deposit not too far away that is being used by the Japanese and Chinese. Surely it must be tempting to look at making an offer?
charlus
04 Jan 2018
Re: Happy New Year..! Up 35% from 95 to 125 in a month!Very happy with that.All I can find is a city am article from Dec 13th that throws a very positive spin on BCN's prospects. Maybe the City was too full of Festive cheer to notice at the time and we are getting a delayed reaction to the results of the feasibility study. [link] If you open the link it does make clear the valuation is $1.25bn. Happy New Year indeed.GLA all.Cheers,Chozza
Bluemogganer
04 Jan 2018
Re: Happy New Year..! Just enjoying it whilst it lasts!
PinkyPerkins
04 Jan 2018
Happy New Year..! It's quiet on this BB.. or are we all holding our breath..?
Rakkyd
22 Dec 2017
Re: Great RNS Too risky for pensions. You just have to roll with it on AIM. The thing is, news tends to drive AIM shares but they often drift back down again. Learnt the hard way over the years. Long way to go before this is in the FTSE 350 
and on tracker / pension radars.Im in SXX too. Like BCN, these are both in my SIPP and will be left there for many years to come. Both have great potential. Wake me up in 5 years.
Freddie77
21 Dec 2017
@Rakkyd exactly my position too: holding both BCN and SXX for long term. Not interested in selling for less than 5x current prices. Also held KDNC until patience lost and recently ditched in favour of full BCN. Looking into VRS next.
Rakkyd
21 Dec 2017
Re: Great RNS Too risky for pensions. You just have to roll with it on AIM. The thing is, news tends to drive AIM shares but they often drift back down again. Learnt the hard way over the years. Long way to go before this is in the FTSE 350 and on tracker / pension radars.Im in SXX too. Like BCN, these are both in my SIPP and will be left there for many years to come. Both have great potential. Wake me up in 5 years.
sennsmankini
18 Dec 2017
Nextview buying Lithium X [link] 18, 2017NR17-20Vancouver, BC – Lithium X Energy Corp. (“Lithium X” or the “Company” (TSXV: LIX) (OTC: LIXXF) and Nextview New Energy Lion Hong Kong Limited (“NextView” are pleased to announce that they have entered into a definitive agreement (the “Arrangement Agreement”, pursuant to which NextView has agreed to acquire all of the issued and outstanding common shares and warrants of Lithium X (the “Arrangement”. Lithium X’s flagship project, Sal de los Angeles lithium brine project, as well as Arizaro Lithium Brine Project are located in the prolific “Lithium Triangle” in mining friendly Salta province, Argentina.Transaction Highlights:Cash offer of $2.61 per shareDirectors and officers of Lithium X holding approximately 6% of the outstanding Lithium X shares have entered into voting agreements to support the transactionUnder the terms of the Arrangement Agreement, each common share of Lithium X will be purchased by NextView at a price of $2.61 per share (the “Share Consideration”, and each warrant of Lithium X will be purchased by NextView at a price of $0.01 per warrant (the “Warrant Consideration”. The consideration to be received by the Lithium X shareholders pursuant to the Arrangement represents a premium of 29.4% to the 20-day volume-weighted average trading price of the Lithium X shares on the TSX Venture Exchange ending on December 15, 2017 and a 22.5% premium to the closing price of the Lithium X shares on the TSX Venture Exchange on December 15, 2017. The Warrant Consideration is nominal, reflecting the fact that the value of the warrants is being crystalized at an amount less than their $2.75 strike price. On completion of the Arrangement, all options to purchase Lithium X shares that have not been exercised will be automatically terminated under the terms of Lithium X’s option plan. All restricted share units will be redeemed for a cash amount per RSU equal to the Share Consideration.Benefits to Lithium X ShareholdersProvides immediate liquidity to common shareholders in the form of $2.61 per shareRepresents premium to shareholders of 29.4% based on the 20-day VWAP ending on December 15, 2017Removes future financing, dilution, commodity, construction, execution and country riskTransaction represents a premium of 37.4% over the highest price at which Lithium X has completed a financing ($1.90) since becoming a lithium explorer and developerLithium X Chairman, Paul Matysek and Brian Paes-Braga, Founder, CEO and Director, stated: “Today’s announcement successfully delivers on our team’s commitment to maximize value for our shareholders. Lithium X was founded at a minimal market value and went public two years ago, with a mission to help wean the world off fossil fuels through the development of high quality lithium deposits. We believe this $265 million transaction puts our flagship asset, Sal de los Angeles, in the hands of a well-funded, technically capable team. We thank NextView and its partners for their commitment to this transaction and provide our best wishes in their continuing efforts to complete on our mission.”Mr. Yaping He, Managing Partner of NextView, stated: “The acquisition of Lithium X’s wholly owned flagship project, the Sal de los Angeles lithium project (the “SDLA Project” represents a key cornerstone investment in NextView’s strategy of developing a leading global player in the new energy sector. The SDLA Project has a mineral resource exceeding 2 million tonnes of lithium carbonate equivalent (“LCE”.”
JimogC-O-D
15 Dec 2017
Re: Great RNS Rakkyd, being AIM listed I don't think the pension funds can or will touch Bacanora. SXX have just transferred to the main market.
Rakkyd
15 Dec 2017
Re: Great RNS Bonkers price really given the recent RNS's and potential revenues. Surley more of this needs to be factored into the share price. Bloody AIM
sage in the hills
14 Dec 2017
Re: Tesla Battery ...(HobKnob34) Electric-Vehicle Boom Is a Boon for Coal King Glencore12/12/2017 5:17pmDow Jones NewsGlencore Plc (USOTC:GLNCY)Intraday Stock ChartToday : Tuesday 12 December 2017Click Here for more Glencore Plc Charts.Scott Patterson LONDON -- Glencore PLC, long known as one of the world's dominant coal traders, in a twist is finding itself the beneficiary of the greening of the global economy.The Swiss mining giant is benefiting from a coming boom in electric-vehicle production, which is driving up the value of copper, cobalt and nickel -- whose demand is expected to surge from production of the vehicles and the lithium-ion batteries that will power their growing fleets."Electric vehicles will be disruptive to the world," Chief Executive Ivan Glasenberg said on an investor call Tuesday, and will boost demand for those three commodities.The shift toward commodities that are likely to benefit from policies meant to curb global warming is a noteworthy shift for a company that once bet its future on coal. Mr. Glasenberg said days after Glencore's 2013 purchase of Xstrata PLC that the deal -- the mining sector's largest ever -- was a "a big play" on coal.But tumbling coal prices in the following years dinged Glencore's earnings, raising concerns that Mr. Glasenberg's bet had gone bust. Coal prices have rallied in the past year along with most other commodities.Now, commodities involved in the production of electric vehicles are becoming a primary earnings driver for Glencore. On Tuesday, the company forecast strong production growth in all three metals over the next few years, primarily due to electric-vehicle demand. It expects copper production to gain 25% by 2020 from 2017, cobalt -- of which it is the world's No. 1 producer -- to more than double and nickel to rise 23%.The company said it has completed an $880 million upgrade of one of its massive copper-mining operations in Congo -- Katanga Mining -- which will help it benefit from rising demand for copper and cobalt.Glencore had suspended production at Katanga in September 2015 so it could refurbish the mine and double annual production of copper to 300,000 metric tons, a goal it expects to reach in 2019. It said Katanga is expected to produce 34,000 tons of cobalt by then, likely making it the most productive cobalt mine in the world.A CRU Group report commissioned by Glencore forecast that by 2020, electric-vehicle related demand -- including grid infrastructure and storage, electricity generation, charging stations and the vehicles themselves -- could require an additional 390,000 tons of copper, 85,000 tons of nickel and 24,000 tons of cobalt.Year-to-date, copper prices have gained 19%, nickel is up 8.5% and cobalt has more than doubled, according to FactSet.Shares of Glencore are up 26% this year and have risen more than fivefold since investors fled the stock in 2015 amid concerns that tumbling commodity prices could strain the miner's debt-laden balance sheet. Since then, Glencore has slashed its net debt to $13.9 billion from nearly $30 billion.Cobalt, a byproduct of copper and nickel mining, is expected to see the biggest increase in demand from electric vehicles. Cobalt demand from electric vehicles could surge to 314,000 tons by 2030, a more than fourfold increase from global supply in 2016, according to the report by CRU, a London-based commodities researcher. Mr. Glasenberg said he doubts there is enough cobalt in the world to meet that demand."Cobalt is basically off the charts," Mr. Glasenberg said. He said metal prices are going to need to increase to provide incentives for miners to start new projects to supply the commodities required for rising electric-vehicle demand "which we believe is sitting around the corner."Analysts say rising demand for cobalt could provide a supply bottleneck for electric vehicles. One concern is over Congo, which supplies about 60% of the world's cobalt -- much of
