Bacanora Lithium Share Discussion Threads

[ntbb] 09/1/2018 14:15

People were buying at 157 this morning it’s a bargain now

[ntbb] 09/1/2018 14:12

Retrace over should climb pretty fast now

[beergut] 09/1/2018 12:56

New! Canaccord suggest a potential upside of 42.28% Jan 4th,
Bacanora Minerals Ltd Com (LON:BCN) had its price target hoisted by research analysts at Canaccord Genuity from GBX 120 ($1.60) to GBX 175 ($2.34) in a research report issued to clients and investors on Thursday. The firm presently has a “speculative buy” rating on the stock. Canaccord Genuity’s price target would suggest a potential upside of 42.28% from the stock’s previous close.

hxxps://stocknewstimes.com/2018/01/04/canaccord-genuity-increases-bacanora-minerals-ltd-com-bcn-price-target-to-gbx-175.html

Read more at hxxp://www.stockhouse.com/companies/bullboard#eMwAZqYOQgIoTyrh.99

[fqr714bhp] 09/1/2018 12:15

Do not believe any thing they say in India??????
Take it with a pinch of salt.

[ifthecapfits] 09/1/2018 11:38

Lifted from another board.

Breaking News: India – The 3rd Largest Car Market – Announces Only Electric Vehicles To Be Sold By 2030



India’s government just shocked the automobile and commodity marketplace.

They made the ambitious move in declaring that by 2030, all vehicles sold will be Electric Vehicles (EV’s).

The papers finalizing the policy could be signed by year end. . .

“The government has declared that India – set to be the world’s third largest car market within five years – will sell only electric vehicles by 2030.”

Here are some facts. . .

º India is known to be a power deficient country.

º For instance, they still produce over 90% of their electricity from coal.

º And this has made India one of the world’s most polluted places in the world.

º Many of their 1.3 billion population struggles with these problems daily.

“A recent study found that pollution in Delhi was so bad that residents would live almost six years longer if India were to meet its own air quality standards and up to nine years if the country met international benchmarks.”

Also – did you know there are only about 5,000 Electric Vehicles on India’s roads currently? That means there will have to be over 10 million EV’s bought just to meet the government’s target?

There’s no doubt that this “Only EV’s by 2030” initiative is an ambitious move by the government to join the ‘alternative power’ countries.

But the real exciting part is this. . .

As we have written about, there are already growing shortages in the materials – such as cobalt and nickel – that are required to build and fuel Electric Vehicles.

And these shortages are occurring without the 3rd largest car market in the world being involved.

Imagine how tight supplies are going to get now that they’re also rushing in to get their hands on these critical materials?

(Source: Economic Times)

[compnews1] 09/1/2018 11:31

Johnny-magic - I presume your response is to my previous comment. Should the volume of the resources turn out to be lower then it would definitely have the same negative impact on NPV as price. So the volume risk cancels out the price increase at a similar amount. As you know the largest risk in mining is technical risk - volume. Most companies show the volatility in volume as well as price when present their work. As the share price of BCN has gone up 40% in the last few days, it is too expensive. As I mentioned in my previous post, Cadence minerals has 7% equity in BCN and its price has not gone up that much so a better risk/reward balance. Hope this helps

[ifthecapfits] 09/1/2018 11:17

To be expected after such a run I guess.

[igbertsponk] 09/1/2018 11:09

Bit of price action and profit taking I see.

[igbertsponk] 09/1/2018 10:44

No need for cash for a good few months. They'll get going on the plant and sort the debt element first. Then the existing large investors will happily chip in the rest.

[fqr714bhp] 09/1/2018 10:36

I think the cash call will be @ £1.15

[johnny_magic] 09/1/2018 09:04

Not sure what your point is...?

[compnews1] 09/1/2018 08:46

Do NOT forget the VOLUME risk is the same level as PRICE risk. They refused to give sensitivities on Volume despite I asked for it!!!!. Take my word for it having worked in the industry for a long time. Ask any geologists they will confirm this! Good luck

[compnews1] 09/1/2018 08:46

Do NOT forget the VOLUME risk is the same level as PRICE risk. They refused to give sensitivities on Volume despite I asked for it!!!!. Take my word for it having worked in the industry for a long time. Ask any geologists they will confirm this! Good luck

[ifthecapfits] 09/1/2018 08:29

I'm really enjoying this re-rate.

[johnny_magic] 08/1/2018 15:58

Current NPV calculation and ongoing EBIT based on 11k Lithium price. Recent spot prices closer to 20k... Market valuation will continue to rise as project is further de-risked. Exactly what multiple of the current share price is any ones guess!

[cyfalafwr] 08/1/2018 15:32

Lets hope for a close above 150p unless we get some profit takers in the last hour

[adobbing] 08/1/2018 12:16

Anybody care to run the slide rule across the figures again, based on the current lithium price?
Would be interested to see exactly what the confirmed resource is worth compared to the current market cap!

[ifthecapfits] 08/1/2018 12:15

ho, ho, ho - and what time-frame do you put on that?

[maverick247] 08/1/2018 11:59

And yes i think bcn will be bought out for $500m +

[maverick247] 08/1/2018 11:59

Bought in today for mid term best lithium i can find on aim!

[ifthecapfits] 08/1/2018 11:54

What's also nice is the relatively quiet board. Means no 'hot money' to my mind = sustainable rise.

[richsawko] 08/1/2018 11:49

There is talk of consolidation in the sector. Could this be taken out by a big player due to future supply demand

[wilmot] 08/1/2018 11:43

I think its just a large buyer realizing how undervalued this is and happy to chase the price higher.

[johnny_magic] 08/1/2018 11:38

Buying pressure continuing. Something going on behind the scenes? 200 likely to be passed in weeks which I did not expect to see until later this year.

[cyfalafwr] 08/1/2018 11:25

KoP Corruption everywhere

hxxps://www.export.gov/article?id=Mexico-Corruption

Nice to see this pass the 150p today and past the double bagger for those who were here from the start at around 65p.Here's to a treble bagger before the end of the week. Even Cadence is up.