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Bacanora Min Share Discussion Threads
Showing 3676 to 3697 of 3700 messages
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|Why do people do that on this forum?|
|ifthecapfits. Ok. With you now.
simonsaid1. That thought did cross my mind.
Mark Honnen did a cracking job with Kalahari a few years back so I am hoping he can do the same here. He is very well connected|
|fair point well made.|
|Possibly the fact that director is allowed to buy is a sign that the offtaker deal is still a way off. If it was imminent then presumably directors would be unable to buy due to insider trading regs.|
|qackers - that's how i read it too. Hence the question mark - you'd think share price would rise.|
|RNS reads to me that Mark bought 120000 shares in the market. Are you guys reading it differently?|
|Every man and his dog have got share options.I feel left out .|
|So why don't bcn give Suay Chin International Pte Ltd a ring? Beginning less & less to believe in bcn's mysterious Asian offtaker (always promised, never materialises)|
h t tp://www.proactiveinvestors.co.uk/columns/sp-angel/27271/today-s-market-view-asiamet-resources-kodal-minerals-strategic-minerals-tri-star-resources-27271.html
Kodal Minerals* (LON:KOD) 0.325p, Mkt Cap £17m – Chinese offtaker preparing to buy £4.3m of stock at 65% premium following initial £0.5m investment at 30% premium
• Suay Chin International Pte Ltd which has strong support from Shandong Mingrui Chemical Co Ltd has taken an initial stake in Kodal Minerals.
• The Chinese group ‘has’ paid for £500,000 worth of shares at a price of £0.003 per share highlighting its interest in the company and not just the Bougouni lithium project.
• Suay China is now undertaking due diligence which, if successful, will increase its shareholding in Kodal to 20% of the company at a price of £0.0038/s for a further cash investment of £4.3m representing a 65% premium to yesterday’s closing share price.
• Kodal and Suay Chin International have agreed to start talking about an off-take agreement over 20% of the spodumene concentrate to be produced from Kodal’s Bougouni project.
• Kodal is about to recommence drilling its Bougouni lithium project in Mali with similar-ish results to Birimian Limited’s results at its closely named and more advanced Bougouni Goulamina project in Mali.
• Anecdotal evidence indicates there is a supply shortage of lithium feedstock in China which is causing prices to rise dramatically particularly for smaller contracts.
• This appears to be causing Chinese companies to move quickly to take stakes in promising, higher-grade, lithium projects around the world where processing routes are reasonably well defined.
• Lithium Carbonate prices which were generally considered to be around 6,500-8,500/t last year are now reported to vary between $10,000-18,000t for larger contracts and $18,000-21,000/t for smaller contracts in China. We suspect the larger contracts are still being priced towards the lower end of the range but Tesla’s entry into the market for its new Gigafactory and rising demand in China, Japan and South Korea is raising prices significantly for smaller contracts.
• Morningstar estimates a potential supply shortfall of 100,000t by 2025 as lithium demand rises 16% each year till then
Conclusion: The subscription shows how serious Chinese companies are in securing future lithium supply and confirms our view that the Bougouni area of Mali looks like is may make a meaningful lithium production centre in future years.
Shandong Mingrui has previously offered to buy Birimian Limited for A$107.5m but the deal fell over when Shandong failed to deliver A$10.75m into an escrow account in January.
Suay Chin International Pte Ltd was set up in January this year specifically to act as a trading group for the supply and source of lithium feedstock into the Chinese Lithium market.
The Suay Chin team is said to be well connected, funded and with relevant industry experience and to have support from key Chinese manufacturers.
The statement says that Suay Chin has strong support from Shandong Mingrui which is a long-term supplier to existing lithium carbonate producers in Shandong Province.
The race to secure feedstock materials for battery producers is hotting up with Chinese companies moving to grab higher-grade lithium projects and prospects. This follows China’s recent multi-billion purchase of the Tenke Fungurume copper, cobalt mine in the DRC.|
|Haha thanks but I did read it before posting, I get news alerts from Proactive Investors.
Anyway happy evening folks.|
|And me......poor Simon,here's a taster...
PLC’s (LON:BCN CVE:BCN) Sonora lithium deposit in Mexico are exceptional at current prices reckons broker Liberum, which has a target price of 120p on the AIM-listed explorer.
Recent reports from three of the large producers have pointed to lithium carbonate prices at US$12,000/t, close to double the price two years ago.
I agree with bookwormRobert.The exercise price of these options is near "in the money ".
Not so much an incentive as throwing another bone for them to chew on.Reminds me a bit of Patagonia Gold.Yet,lithium rules ok so may as well turn a blind eye....for now.|
|Tried that, doesn't work! Your link there doesn't work either, unless copy and pasted.|
|If you type hTTp it has the same effect and your URL shows up as a hyperlink;
|Liberum Capital re-iterates Buy advice with 120p target price. Nice article in Proactive Investors:
Bacanora Minerals has 'exceptional' lithium deposit at current prices says broker
Replace 'hxxp' with 'http' (to get around ADVFN filter).|
|A nice little earner for some but can't complain I have a paper profit of 22% over a couple of years...lol|
|Ha - so the share price suddenly dips the last few days for 'no reason', and then we hear of a stock option grant. I wonder if there's a connection...|
|Not liking the stock option grants today - for all its potential, Bacanora seems to be a company run for the benefit of its directors, not its shareholders.|
|FWIW - I have bought back in.|
|In respect of financing, this is the most important para from the Interims:
The Company is fully financed with approximately $24 million in the bank and is therefore fully funded through to the completion of the Feasibility Study.
In order to meet the Company's planned growth and development activities, the Company budgets to spend an aggregate of approximately $17 million over the next 12 months, with approximately $7 million on the Feasibility Study and related expenditures, and approximately $2 million on Pilot Plant related capital expenditures.|
|Wireless charging isn't a game changer, its called an 'electrical transformer'. Phones, toothbrushes etc wireless charge, half of transformer inside the device the other in the charging pad. When the two are in close proximity then charging occurs. This is less energy efficient than plugging a charger lead directly to the device.|
|Your right, there are challengers to the Lithium-ion domination, however here's why I'm backing Lithium battery tech over Hydrogen. Firstly there are advances scheduled over the next 2 to 5 years which will effectively double the energy storage capability of a Lithium-ion battery. So a Lithium-ion battery powered car could either double it's effective range or halve the size of it's battery. However the killer development for me is the developments taking place in the wireless transfer of electricity. If you look at a company like Witricity for example, which Toyota is currently trialing you can see where things are headed. Wireless charging is a massive game changer for me which has enormous potential, and the Lithium-ion battery tech is the perfect energy storage companion.|