Bacanora Lithium Share Discussion Threads

[pugugly] 11/12/2018 07:35

What aa wet satement" Response to Speculation

Bacanora Lithium plc (AIM: BCN), the London traded lithium company, notes speculation arising from a Webinar held by Cadence Minerals PLC, a significant shareholder in Bacanora, on 10 December 2018. The Company would like to reiterate that Cadence Minerals PLC is not an insider to Bacanora and neither it nor any other shareholder is in possession of any inside information regarding a potential equity raise or any other funding matters."
SpectoAcc - Has kindly posted a partial answer for us withthe sale of 4.5m shares - BUT the question remains - who is bailing out.

PS - Has anyone see the rumours above mentioned ?

[spectoacc] 11/12/2018 07:31

"Bacanora Lithium plc (AIM: BCN), the London traded lithium company, notes speculation arising from a Webinar held by Cadence Minerals PLC, a significant shareholder in Bacanora, on 10 December 2018. The Company would like to reiterate that Cadence Minerals PLC is not an insider to Bacanora and neither it nor any other shareholder is in possession of any inside information regarding a potential equity raise or any other funding matters. "

Interesting. Not sure how that ties in with the 4.5m sell.

[spectoacc] 10/12/2018 20:54

4.5m at 25p. No wonder all those buys didn't shift it ;)

Would worry me slightly that no one held that exact amount, so could be more - even quite a bit more - to come from whoever is the seller:

M&G Investment Management Ltd. 13,456,784 10.0%
BlackRock Investment Management (UK) Ltd. 13,138,292 9.77%
Hanwa Co., Ltd. 12,333,261 9.17%
Cadence Minerals Plc 9,350,000 6.95%
Capital Research & Management Co. (World Investors) 8,573,925 6.38%
Estate of Ian Colin Orr Ewing 8,413,962 6.26%
Hargreaves Lansdown Stockbrokers Ltd. 5,972,000 4.44%
D&A Income Ltd. 5,303,030 3.94%
Hargreaves Lansdown Asset Management Ltd. 3,687,000 2.74%
Mark Ainsworth Höhnen 2,514,951 1.87%

[jotoha2] 10/12/2018 17:53

Must be close to announcing massive dilution , leaky it certainly is.

[rossowheels] 10/12/2018 17:43

No need to buy at this level as it will surely continue to fall until they start production. Just look at other junior miners ie GGG

[rossowheels] 10/12/2018 17:41

The clue is the appointment of Citigroup Global Markets recently.

[spectoacc] 10/12/2018 16:34

Added more; my money's on a capitulation, is clearly a large sell and surely well below here.

I still reckon BCN's going up if/when they raise cash.

[pugugly] 10/12/2018 13:32

Strongly suspect a discounted placing or capitulation by an II -

[richsawko] 10/12/2018 13:28

Biggest volume for almost a year, must be something going on in the background. I EXPECT an imminent RNS

[braidl] 10/12/2018 13:21

????? - anyone have any clue to this?

[cambradjones] 10/12/2018 13:18

Showing as nearly all buys.Whats going on ???

[braidl] 10/12/2018 12:56

Does l2 give you much info.

[pugugly] 10/12/2018 12:20

Looks like a massive iceberg dump going on in the background - Fallen from 31.5 aucion at open to 26.5/27 now - ADVFN alogro suggests mots are buy but still the offer price falls - Will be interesting to see (if rns'd) who has unloaded oR is there a placing in the background becoming know to the II's?

[igbertsponk] 06/12/2018 10:16

Problems with clay? Good job they've had a test plant producing without significant problems for well over a year now then!

Real problem is that those who actually eventually finance this project will want to take as much of the return as possible, so no premium for existing shareholders. Probably a discount on today's price.

[bsg] 05/12/2018 19:13

j2, 20p IMO.

[pugugly] 05/12/2018 18:09

Remember the source material is CLAY nor hard rock nor brine - Seems to be the only quoted clay source development that I can discover and CLAY is (according to experts I have talked to) an unknown quantity with potential glitches (e&oe)

[ifthecapfits] 05/12/2018 13:48

Well that's not good.

[jotoha2] 27/11/2018 10:22

So what price fundraising , I would expect boys in Black to recover 100% on funding , so working back I expect issue price to be 25 pence , so little point in buying now.

[richsawko] 07/11/2018 09:08

I suggest the pull back is due to profit takers due to the massive increase in price at the end of last week. Looks like it is starting to stabilise now

[spectoacc] 07/11/2018 09:04

Ironically, it'll likely fly if/when they raise equity, since funding (ie actually getting the project off the ground) is the big uncertainty, along with the future price of Lithium. All recent statements suggest they won't do any equity raise anytime soon, particularly having abandoned one when c.80p. Isn't rocket science, just need to read the last Corporate Update.

[rossowheels] 07/11/2018 09:02

It's definitely coming when they finalise the CAPEX

[spectoacc] 07/11/2018 08:57

98% of the time wrong @FQR, but glad to see there's now an "IMHO" :)

[fqr714bhp] 07/11/2018 08:23

Down and down we go.

Like i said, Cash call coming up @40p

IMHO.

[ntbb] 05/11/2018 19:09

Skinny please explain the charts thanks