Bacanora Lithium Share Discussion Threads

[red nutter] 04/1/2017 14:17

What do people think is short and long term price targets?

[bookwormrobert] 04/1/2017 14:13

Never underestimate the power of a Daily Mail share tip - especially for a smallish company!

[adobbing] 04/1/2017 13:47

Quick stop to catch breath and upwards we go!
I don't think it's Daily Mail readers causing the rise, more likely somebody keen to up their exposure to a rapidly rising commodity.

[ifthecapfits] 04/1/2017 12:31

Whats cooking here then. This looks more than some DMail tip.

[jimmmy] 04/1/2017 09:49

even number buys coming through, this is going up

[wrtmf] 03/1/2017 21:03

this might partly explain your rise, the chinese have been shopping.

--

'Birimian Limited (ASX:BGS; “Birimian” and “Company”) advises that it has
received an offer, and has subsequently executed a binding Letter of Intent
(LOI), relating to the purchase of a 100% interest in the Bougouni Lithium
Project (Project) by Shandong Mingrui Group (Mingrui) for a total
consideration of $AUD 107.5M in cash. The LOI is subject to a number of conditions, including receipt of a deposit of $AUD 10.75M on or before 20 January 2017, at which point the LOI becomes binding. Subject to receipt of this deposit, the Company will take this transaction to shareholders for approval at a general meeting to be arranged and advised in due course.

Ongoing Program and Evaluation Studies
Located in southern Mali, the 100%-owned Bougouni Lithium Project hosts
the Goulamina lithium deposit. The Mineral Resource at Goulamina is
15.5Mt at 1.48% Li2O for 229,000 tonnes contained Li2O.
Birimian has formulated a clear and well defined pathway for the potential
development of the Bougouni Project. It has been mutually agreed by the
Parties that on-the-ground evaluation studies and drilling will continue
pending completion of the proposed transaction.
The second phase, 10,000 metre drilling program at Goulamina remains on
track for completion by late-January 2017 alongside initial assay results.
The current schedule provides for an updated resource estimate later in
the March Quarter, leading to the Pre-Feasibility Study and maiden reserve
reporting in the June Quarter. '

--


--
aim:kodal and asx:birimian are neighbours in southern mali.
not a holder, but good luck folks.

bcn rns 20dec 'advanced discussions'

[rossowheels] 03/1/2017 20:34

simonsaid1: The key point re Tesla was finance to build the plant. Question is who will come up with the moola?

[dssloan] 03/1/2017 17:27

Interesting.

The following poster's profile - only created a few days ago - has rather down-hearted views on BCN and VAST.


bookwormrobert
3 Jan '17 - 16:25 - 3310 of 3312 0 0
My guess is that it's simply the power of the Daily Mail

[citywired] 03/1/2017 17:06

One would have thought so, but even around the presentations it seemed nobody really questioned the Tesla withdrawal. Didn't seem that material at the time.

Yet now there seems to be retrospective fitting on the forums with the latest share price move.

Just perspective, generally I think today's move will come to admonish lazy newspaper investors.

[rossowheels] 03/1/2017 16:42

bookwormRobert: The Daily Mail has clearly not done any research. DYOR and read the RNS's is always good advice. I realised a long time ago that if you should happen to know anything about any article written in the press, it usually is full of inaccuracies or completely false.

[bookwormrobert] 03/1/2017 16:25

My guess is that it's simply the power of the Daily Mail. The Telegraph also has the power to move the markets when it tips a smallish cap stock.
(BTW, if you want a laugh, read the Guardian's share picks for the year. Dogs with fleas, everyone of them! But then, last year they only underperformed the market by 30%!)

[rossowheels] 03/1/2017 16:09

The tip in the Daily Mail is a tad misleading and does not make any mention of the shock Tesla withdrawal and putting back the release of the feasibility study. There is some good news somewhere else presumably which would account for today's increase in the SP?

[molatovkid] 03/1/2017 15:30

off take partner could be announce anytime if, as they say, they are in 'advanced' negotiations.

[the_fiddler] 03/1/2017 14:41

Target price of £1.30.

Daily Mail Readers look to be getting a sniff as there is a tasty 1 bag in from these levels. Buying pressure is amounting....

[deano2121] 03/1/2017 12:14

2017 STOCK TIPS

[simonsaid1] 03/1/2017 11:49

I wouldn't get overexcited, this is just a correction after the silly overreaction to the minor delay announced last month. The surge of retail buyers after the article recommending BCN (posted above) kicked in this morning, and we're already seeing decent resistance at around 74p which is pretty normal for this stock, and even could be said to be fairly low given we hit £1 back in May.

I want this to succeed too, but at the moment there's nothing very exciting happening, unless you bought last week at 65p and made a nice quick profit. As always with long term buy and holds like this, the potential reward way down the line has to be set against the opportunity cost of the waiting itself, so I can't bring myself to top up more just yet.

[hazelst] 03/1/2017 11:39

Target price £1.30 is very much on the low side. Let's wait and see.

[molatovkid] 03/1/2017 08:15

Here we go....the bounce is on - back to £1.

Which might be sooner than you think - non-stop buying...

[bookwormrobert] 02/1/2017 13:57

Yes, I read that, too. But did you see the results of their share tips from last year? Disastrous!

[banshee] 01/1/2017 18:58

This is one of the Mail's tips for 2017 FWIW

[bookwormrobert] 01/1/2017 15:14

It seems to me that this investment only works if you look at it as a very long term hold - as in several years. There won't be any significant development news, even, for six months or so.

There is also the risk that Lithium-ion batteries are overtaken by new battery and super capacitor research. How to store power is now almost the biggest problem facing the modern world, and there are thousands of scientists trying to invent the key technology of the future. It's not at all guaranteed that this technology will involve Lithium. So for me this is a no.

[simonsaid1] 30/12/2016 11:32

The targets were always long term, the only difference now is the little dip last week is correcting, since it was based on a massive market overreaction. I think we'll see £1 before spring, but targets are a way off without a major news event to trigger a rerating.

[jimmmy] 30/12/2016 11:12

A long way to climb to reach any of the two buy note price targets 120/130p, is this the start ?

hxxps://sportsperspectives.com/2016/12/26/bacanora-minerals-ltd-com-bcn-earns-buy-rating-from-numis-securities-ltd/

[hutch_pod] 24/12/2016 07:28

Yes, definitely good to see buyers on that dip.