Share Name Share Symbol Market Type Share ISIN Share Description
Bacanora Min LSE:BCN London Ordinary Share CA05634Q1054 COM SHS NPV (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.50p -0.56% 89.00p 87.00p 89.00p 90.50p 88.00p 90.00p 293,258.00 16:35:20
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.1 -7.7 -8.3 - 98.79

Bacanora Min Share Discussion Threads

Showing 3651 to 3675 of 3675 messages
Chat Pages: 147  146  145  144  143  142  141  140  139  138  137  136  Older
DateSubjectAuthorDiscuss
23/2/2017
12:15
Thanks simon, it is obvious that you have done more research than me on the company and I value your input on this thread and the sharing of information.
cyfalafwr
23/2/2017
10:57
Sorry, that part wasn't specifically at you, there are people on some boards suggesting this move might be to cover up for problems/delays at Sonora. Conversely many are also reading the silence as a sign that offtake deals (BCN keep using plurals in public statements) are progressing and necessary secrecy is being employed. I'm not sure what BCN could do to accelerate any of this, but we can at least be assured this new project won't slow anything down from a technical standpoint. I just spotted this in the piece on Proactive Investor: 'Bacanora will outsource the exploration work to a German consulting group so that it doesn't distract the company's technical team in Hermosillo.'
simonsaid1
23/2/2017
10:35
simon I did not imply that there were serious problems with Sonara .I just feel they could have accelerated the project in view of the rapid expansion in the EV ,power storage industry. Do we really know why the Tesla deal was cancelled ? Why did Kiran leave? The answers might not be in the public domain and this after all this is the AIM market. Perhaps I am a bit sceptical from previous experiences with other AIM companies, I am a long term investor in BCN and I think it will deliver, but when?
cyfalafwr
23/2/2017
10:12
Also some people missed that this deal for Zinnwald included the option for BCN to buy the other 50% within 2 years, which I think is more than likely given the current owner (SolarWorld)'s apparent wish to sell up and move on rather than develop the resource itself. They're a solar panel firm, after all, not an expert mining company.
simonsaid1
23/2/2017
10:10
Cyfalafwr, it would do you well to watch the video interview on Proactive Investor with Peter Secker. He makes clear that the whole idea of Zinnwald is that it is further behind Sonora and won't really be in the most intense part of the development process until Sonora is up and running. The additional manpower problem is not as severe as you might imagine if the two projects were at the same advanced stage as Sonoroa is simultaneously. It has also been pointed out on LSE that BCN would not have been able to finance this new deal if there were serious problems with Sonora. It's a positive sign.
simonsaid1
23/2/2017
10:07
Bacanora are bang on target as to where they need to be with Mexico which is the best Lithium deposit by a country mile. The new addition is a significant foothold with a nice option to go to 100% at a fixed price. Bacanora currently are massively undervalued IMHO.
senttothegallows
23/2/2017
09:55
simonsaid1 23 Feb '17 - 09:15 - 3395 of 3396 0 0 Bacanora aren't just speculatively buying a stake in Zinnwald, they're taking operational control, along with the enormous 50% stake. When Bacanora acquires a new concern (as they may well do again some time) their style is hands-on, practical and operational. I personally think that they have dragged their feet in Mexico. Now a lot of the manpower is going to get used up in the new project and from my understanding is a bit behind where EMH are at the present time. Is this why Kiran left the BCN board?
cyfalafwr
23/2/2017
09:30
The more I look at the purchase of Zinnwald the more I like it. I'm only amazed that EMH did not buy it; it seems to me that their board have made a bad mistake, and they will pay for it later big time when the big boys come in and make takeover offers.
bookwormrobert
23/2/2017
09:15
You're missing the actual detail of the acquisition if you think it's anything like REM's deals. Bacanora aren't just speculatively buying a stake in Zinnwald, they're taking operational control, along with the enormous 50% stake. When Bacanora acquires a new concern (as they may well do again some time) their style is hands-on, practical and operational. Don't confuse this with the hedging and speculating of REM which likely involves funding at least some projects that genuinely will never break ground.
simonsaid1
23/2/2017
08:43
qackers 22 Feb '17 - 21:40 - 3393 of 3393 0 0 I didn't know they had an acquisition strategy. I was hoping for a shovel in the ground strategy Exactly my sentiments, we have all this with REM.Use the money to get the stuff from the ground in Mexico and sell it !
cyfalafwr
22/2/2017
21:40
From miningweekly article. “The project fits with both our corporate strategy to develop and operate integrated lithium projects to produce high-value lithium products, and also the commercial overlay which drives our acquisition strategy," chairperson Mark Hohnen said in a statement on Tuesday." I didn't know they had an acquisition strategy. I was hoping for a shovel in the ground strategy. However Mark Hohnen is a winner and did very well with Kalahari Uranium project so he gets my backing.
qackers
22/2/2017
06:38
http://www.miningweekly.com/article/bacanora-buys-50-stake-in-german-lithium-project-2017-02-21 Article from Mining Weekly about Bacanora buying into Zinnwald.
bookwormrobert
21/2/2017
10:22
SYM GUYS RISING FAST
falia
21/2/2017
10:05
Kod seems to have hit support around 2.8p & is back above 3p, EMH down a bit due to profit taking. All holds for me right now - will look at prem for the old man dies with a peaceful succession!
runthejoules
21/2/2017
10:05
For the life of me can't make sense of that post, cpap man.
simonsaid1
21/2/2017
10:00
Various LONDON listed LITHIUM plays.... John201720 Feb '17 - 22:24 - 1276 of 1288 5 0 Mugabe took over the foreign diamond mines recently so what stops him taking over the Lithium deposits or the mining operations of prem? MUGABE or as they say in Yorkshire EBAGUM will be dead soon but then what for ZIM?!?!? The likes of EMH, BCN and even KOD are IMHO at this point in time much safer LITHIUM bets!
cpap man
21/2/2017
09:11
"I would have preferred an announcement of an Asian off take agreement for Sonara" - with a fair wind I hope this to be the next material news that we get.
ifthecapfits
21/2/2017
09:03
I would have preferred an announcement of an Asian off take agreement for Sonara.I have an exposure to European lithium through EMH but I suppose BCN has added another string to its bow and for now we can turn a blind eye to how all this is going to be financed .
steeplejack
21/2/2017
09:01
lift off to £1!
red nutter
21/2/2017
08:37
Seems the market likes the news.
ifthecapfits
21/2/2017
08:09
FQR714BHP 21 Feb '17 - 07:39 - 3379 of 3382 0 0 Who Cares I do because I have invested my hard earned money in BCN EMH REM. I like to know what is going on behind the scenes especially with AIM.
cyfalafwr
21/2/2017
07:56
Ah yes, thanks bookwormrobert. http://www.telegraph.co.uk/business/2017/02/21/lithium-miner-bacanora-eyes-slice-german-electric-car-market/
hutch_pod
21/2/2017
07:54
It just gets better and better for BCN. EMH. REM. All we need now is the study report and the Asia offtake. And Bob is your uncle, as they say.
fqr714bhp
21/2/2017
07:41
Also a long write up about Zinnwald for Bacanora in the Telegraph today.
bookwormrobert
21/2/2017
07:39
Who Cares, all i can see is that this is great news for REM Like i said before roll on 2019-2022. REM can not stay at 0.500p for ever, it will rocket at some point in time. Well done BCN. Keep up the good work.
fqr714bhp
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