Bacanora Lithium Share Discussion Threads

[simonsaid1] 23/12/2016 12:17

Wish I'd had the courage of my convictions and bought the dip. We're skyrocketing back to 70p now. What an odd few days. Typical lithium stock.

[backpacker] 23/12/2016 11:37

Off take agreement sorted?

[hazelst] 22/12/2016 18:04

Big buy at the close for a very good price!

[simonsaid1] 21/12/2016 23:46

Thanks for sharing that. Hopefully some of the buyers will see and bring some strength back to the share price For the rest of us... Top up time I suppose!

[qackers] 21/12/2016 23:19

Short term the delay is not great in these fickle markets but long term if they get the process right they will surely make much more money. Even so they could do with a rocket behind them to make sure there is no more slippage.

Going to back the management on this as they have done this before and must know what they are doing

[adobbing] 21/12/2016 12:43

No doubt REM will be doing some last minute Christmas shopping soon!

[simonsaid1] 21/12/2016 12:23

I'm quite a bit down now, this is brutal. Not sure why a fairly modest bit of bad news has absolutely decimated this share. The date was moved from end of Q1 2017 to summer 2017. That's a few months movement, coupled with the announcement of a burgeoning supply deal in Asia and rising lithium prices meaning the deposit has gained material value. So... why the precipitous drop?

[rwauu] 21/12/2016 10:56

Btw going joyful at "blow lights out" pathetic statement that has nothing to do with real life whatsoever is an orgasm in itself.

Ha ha ha!!

[rwauu] 21/12/2016 10:54

Hateful??? What are you talking about??? Should I cheer rubbish performance? Managament who sits on all three companies boards and has no conflicts of interests?

Just here to prove the point- lifestyle companies must go down. You cannot sustain life of a company and payback to shareholders when you not selling anything and the only source of income is placement ahoys.

Not holding BCN and don't think it is good idea to buy any UK shares. Too risky. Economy is too small.

[aggieuk] 21/12/2016 07:58

By chance, Rwauu were you ignored as a child? LOL

[parthus] 21/12/2016 01:05

Mon cher ami, the only waste of space is filled with your negative hateful diatribe.

No doubt a person with no shares is either paid to denigrate or is going short.

I don't expect you to tell us in which category you fall, as that would be contrary to your predicted vile nature. Do carry on.. maybe it turns you on.. perhaps that being your only method of getting your pathetic "jollies" off !

[rwauu] 20/12/2016 21:42

I am so glad that this POS went down. Hopefully it will go to zero. Waste of AIM space.

[rwauu] 20/12/2016 21:41

Shnaps tommorow too?? Hell, still a few more trading days to post more RNS's with "a little bit more serious" and "tiny bit serious" talks, and later with "nonbinding" agreements.... hmmm...

Ha ha ha!!!

[woods183] 20/12/2016 12:59

Now back to my break even point :-(

[hutch_pod] 20/12/2016 10:16

On a positive note, they have a lot of cash and will 'probably' strike a better deal out in Asia than with Tesla.

[steeplejack] 20/12/2016 08:56

It's sobering,if not bad news.The fact that they have lithium is discounted in the share price.As with all junior explorers,the market is interested in how and when we will be brought to production.Tesla's a thing of the past,the FS timescale is slipping and there's endless natter about interested partners in Asia.Someone viewing a house doesn't mean it's sold.Too many RNSs telling us to get excited.Just bloody get on with it and start producing before half the shareholders list snuff it.These junior explorers are all the same, jam tomorrow.Some like BCN,think the AIM market is the access to halcyon days while another like Condor Gold think the TSX will provide the answer and that AIM is a great disappointment.On one thing,they're all agreed,that it's bloody hard to get financed.

[rossowheels] 20/12/2016 08:37

Disappointing but not unexpected following the Tesla debacle. They are going to need to come up with at least one off taker to get this project off the drawing board otherwise expect further delays while they sharpen their pencils.

[senttothegallows] 20/12/2016 08:24

Absolute insanity if this is perceived as bad news

[diesel] 20/12/2016 08:14

Basically bad news. Are they really trying to convince the market that they are getting closer to an agreement with an offtake partner when the FS keeps moving out. How can you negotiate when you've no idea of the costs of production??

[steeplejack] 20/12/2016 07:44

With this in mind, the Company now believes it will take longer than originally anticipated to ensure that the optimum energy supply for the kiln is selected, and therefore the FS is now expected to be completed in the summer of 2017. Rising costs are relevant to all Bacanora's peers, and importantly, are being experienced in tandem with a rise in lithium carbonate pricing. Umm,bit of slippage in the timetable disguised in part by reiteration that they're chatting to prospective Asian partners.

[aggieuk] 19/12/2016 21:21

RNS out on the TSX:Bacanora Announces Off-Take Negotiations and Project UpdateCALGARY, ALBERTA--(Marketwired - Dec. 19, 2016) - BACANORA MINERALS LTD. ("Bacanora" or the "Company") (TSX VENTURE:BCN)(AIM:BCN), the Canadian and London listed company focused on developing the Sonora Lithium Project ('Sonora' or 'the Project') in Mexico into a world class lithium carbonate operation, announces that it is continuing to develop a long term marketing relationship and off-take strategy and is now in advanced discussions with a significant Asian offtake partner for the supply of battery grade lithium carbonate (Li2CO3). As demonstrated in the Pre-feasibility Study announced in Q1 2016, the Company anticipates commissioning an operation capable of delivering 17,500 tonnes per year of battery-grade Li2CO3 for the first two years, following which it anticipates expanding its operations to 35,000 tonnes Li2CO3 per year. The Company is planning to commence production of Li2CO3 in 2019.Project UpdateThe ongoing Feasibility Study ('FS') continues to focus on optimising the process flow sheet for the production of battery grade lithium carbonate. As part of this, the Company is delivering a strategy to optimise the projects operating costs and energy requirements given the continued strengthening in reagent input costs. With this in mind, the Company now believes it will take longer than originally anticipated to ensure that the optimum energy supply for the kiln is selected, and therefore the FS is now expected to be completed in the summer of 2017. Rising costs are relevant to all Bacanora's peers, and importantly, are being experienced in tandem with a rise in lithium carbonate pricing. Bacanora Executive Chairman Mark Hohnen said, "Securing an offtake partner is a key component in our strategy to commercialise our large scale, long life lithium deposit at Sonora. We are therefore encouraged by these advanced discussions which, in our view, provide third party validation of the processing route we have put in place at our pilot plant, where battery grade lithium carbonate has been produced continuously for over six months. In tandem with securing an offtake partner, work continues on our FS to minimize any impact on our development schedule. With the completion of the FS in 2017, the year ahead is anticipated to be a transformational one for Bacanora, characterised by the development of this world class asset."This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

[hutch_pod] 15/12/2016 15:30

Yes. The FS could be quite impressive!