Bacanora Lithium Share Discussion Threads

[fqr714bhp] 02/11/2018 10:11

They will have to do an RNS very shortly about the sharp rise in the share price.

[marvelman] 02/11/2018 10:11

Looks more like a bid than a cash call

[dssloan] 02/11/2018 10:09

Move along please...informed and/or reasoned opinions only needed here.

[fqr714bhp] 02/11/2018 09:59

I am 98% of the time correct in calling the cash calls.

[fqr714bhp] 02/11/2018 09:40

IMHO: when this gets to 50p cash call will be at @40p

[dssloan] 02/11/2018 08:48

Finally, waking up. 2 of my 3 lithium stocks are finding their legs...BCN and PREM.
The third one, EMH, seems to be out of intensive care.

GLA to those who follow any of these three.

[spectoacc] 02/11/2018 08:39

@FQR - the only thing burning my hands is the rubbing of them in glee.

Yes, BCN need to raise cash - the last RNS shows they're doing it successfully. Doesn't mean they'll definitely get there, but eg a few more offtake agreements & they won't be far off.

Note they previously pulled an equity raise - at a price well north of here (July, when c.80p). Another attempt below 80p seems highly unlikely, when there's non-dilutory financing options open to them.

And a reminder:
"The valuation anomaly is arguably far wider than the figures suggest when full account is taken of Bacanora's status as one of the few pure play and publicly traded developers of what is a critical battery technology metal. With advanced discussions ongoing with potential funders, both at the corporate and project level, for the outstanding finance required to commence the construction phase of an initial 17,500 lithium carbonate operation at Sonora, and excellent progress being made at Zinnwald, we are confident this valuation anomaly will soon begin to close.""

Much of that may be standard corporate bluster, but "...With advanced discussions ongoing.." is appealing.

[fqr714bhp] 01/11/2018 16:44

I have seen this kind of share manipulation many times and every time i have been correct in saying " CASH CALL COMING UP "

The last one i called correctly was over on SAV i said cash call at 8.5p and it came in at 9p.

Don't get your fingers burned here.

IMHO.

[jakecat1] 01/11/2018 16:40

A good day. Wine will be opened this evening. Good luck all.

[temmujin] 01/11/2018 15:59

buy and sell price same on kdnc..lovely jubbly

[temmujin] 01/11/2018 15:43

sold out and bought cadence kdnc...way under valued at .14p

[fqr714bhp] 01/11/2018 15:40

There is no smoke without fire. LOL

[fqr714bhp] 01/11/2018 12:18

Classic sign of share price going up to get a cash call away at higher share price

You watch, an RNS for a cash call within the next 2 weeks.

LOL.

[jakecat1] 01/11/2018 12:13

Good whiffs coming from BMN, too imo. A little higher up from the bottom though.

[spectoacc] 01/11/2018 11:55

Thinking I may sell my BCN...at 85p ;)

[rimau1] 31/10/2018 20:13

Plenty of bottoms to sniff after the last week...

[the bottom sniffer] 31/10/2018 17:11

That is my job! Liking what I'm sniffing here, I have to say. I'm in.

[ntbb] 31/10/2018 16:01

Well done ilee, you may of picked the bottom

[ileeman] 29/10/2018 14:05

Bought another 10k, that is my trade just popped up.

I can see 40p+ soon.

[pugugly] 29/10/2018 11:48

All depends on the price of Lithium - From the Feasabiltiy Study
"A decrease of 30% in the average lithium carbonate price, from $11,000 to
$7,700, decreases the Post-Tax NPV from $802M to $148M and Post-Tax IRR to 11%."

OK- If no surplus suppy Ok but with surplus supply some are calling lower.

[ileeman] 28/10/2018 20:30

Bought some on the back of Fridays RNS.

Looks very cheap.

[rimau1] 28/10/2018 14:32

If they can’t raise the finance they will put the for sale sign up, either way decent upside from these levels in my opinion.

[spectoacc] 28/10/2018 07:45

True, it may not - but they seem to be making (some) progress with it.

[jotoha2] 27/10/2018 18:13

If anyone can predict the forward price of materials , then they should patent that ability and sit back and enjoy the rewards , just look at Gold Copper and Platinum , its a lottery trying to look forward , am sure this will double up on finance news , but will it come ?

[spectoacc] 27/10/2018 08:00

@jotoha2 - alternatively, the price of lithium may be considerably higher once BCN get into production. The finance providers they've signed up so far (inc offtake) suggest so.