Bacanora Lithium Share Discussion Threads

[spectoacc] 01/3/2019 07:39

Still 4% to go, which in a thin market......

[pugugly] 01/3/2019 07:31

Cadence continuing to sell down-


Now - Have they decided BCN is now a dead duck - or do they need the cash?

Answers on the back of a postage stamp please.

[j0sekl] 28/2/2019 19:26

Miners usually trade at low multiples. So to be at x20 is a risk.. where it should be is subjective and currently they are not being given doubt of execution. Track record has been weak and they may need a cash call that dilutes.

[jotoha2] 28/2/2019 17:58

Well if we assume their production figures are correct , then a starting market cap of £500 million would be about right , which from here is 20 times present share price

[j0sekl] 28/2/2019 12:51

No earnings visibility. When will they start making money? Then what can you hope to reach on valuation?

[jotoha2] 26/2/2019 15:35

Something smells not good here , all major miners in Lithium are seeing a nice uptrend in share price , this donkey is taking a big hit what is going on Mr CEO

[j0sekl] 21/2/2019 12:18

Why would they buy shares back if they need funding? You only really see buybacks in companies that are flush with cash and those tend to be dividend payers.

[jotoha2] 21/2/2019 10:58

The money lenders will am sure sort out the price , one thing is for sure , they will make at least 50% on their return , it's up to the BOD to fight their corner , i would of thought the best option if they are struggling in raising the cash is to sell uo , assets must be worth 50p even in this market .

[spectoacc] 21/2/2019 09:33

Is this rumour from circa 2017 @Jotoha2? ;) Remember they ditched a fundraising way higher as they thought it too dilutory; must be regretting that now.

[jotoha2] 21/2/2019 09:12

Some talk that they are trying to raise £200 million by the issue of 40p shares , which if correct should see a come back price of 60p for excisting holders , impressive if it's correct.

[spectoacc] 21/2/2019 07:10

@JohnCasey - you can't lose more than 20p/share ;)

"2nd half of 2019" means we've still a long wait (potentially 10 months) but perhaps light at the end of the tunnel.

[j0sekl] 20/2/2019 23:47

What do you think their next earnings will be. Because bluntly I see no visibility.

[johncasey] 20/2/2019 13:31

200K buy...hmmmmm

[johncasey] 20/2/2019 11:44

5 years since i last logged in to this thread...bought today...a little oversold

[j0sekl] 17/2/2019 22:31

Sometimes I find it better to ignore the positivity and superlative adjectives - instead focus on the numbers. Not delivering. So glad I didn't wait and pray. Not really tempted back in at this moment. Have seen loads of Peter Seckers in other AIM companies, and these days I have little time for poor execution.

[pugugly] 13/2/2019 07:40

SA_ Too true - mañana -in the street language sense and only too applicable in Mexico.

[spectoacc] 13/2/2019 07:21

"-- Ongoing discussions with industry and strategic financial parties with regards to completing Sonora's finance package"

Heard that a few times! "Second half of this year" could mean December..

[xtrack] 21/1/2019 18:16

Don't just look at cars, batteries will also be used as energy storage (e.g. wind energy and solar). Lithium demand will increase.

And for Bacanora: don't just look at Sonora. The reason for my investment is Zinnwald. In my opinion, Zinnwald has a huge potential which is absolutely not reflected in the current share price. In Germany, there is no domestic Lithium company trading on an exchange yet (I am from Germany) and remember: Germany is the "automobile country". When the people here see that a German company (named "Deutsche Lithium", what a great name) is trading, the interest in this company may become huge. With the establishment of gigafactories in Europe, you will have a lot of potential customers for lithium from Zinnwald. And by having Zinnwald trading as a separate company, Bacanora can use shares to finance Sonora and profit from two separate projects. The IPO of Zinnwald might change a lot of things, especially concerning the share price.

[pugugly] 21/1/2019 10:37

Another possible nail in BCN's coffin - Increased supply - Possibly more over supply and falling prices BUT no indication of production costs yet .

Battery News
Warren Buffet Berkshire’s Salton Sea geothermal plants (edited to reflect FT comment that in talks but no agrement yet signed) to supply N. American lithium by allowing extraction of lithium from its geothermal wells in California – a project that could offer US carmakers and battery producers a secure supply of the metal.

The venture has begun discussions with Tesla Inc for lithium supply, with geothermal wells offering production up to 90,000t lithium/year, worth $1.5bn at current prices, cited in a fundraising document.

"We see a lot of interest in getting North American supply as automakers start to get further into electric vehicles," according to Eric Besseling, a vice president at BHE Renewables.
e&oe More reseach needed
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[bsg] 09/1/2019 19:05

Forecast for Lithium not good at mo. Wait 'til 2022.

[mansell59] 09/1/2019 17:22

Totally agree..would expect these to steadily rise in value over the coming months..amazing value at today's price

[jotoha2] 09/1/2019 17:15

iftcf , am very confident we shall have some positive news very soon , if am correct it will be a premium share issue plus warrants for the well to do , my broker is saying buy before end Jan to take advantage of future return .

[ifthecapfits] 09/1/2019 11:09

So gutted I didn't sell out at 1.40ish last year. Greed got the better of me. Whats our best bet now? a t/o from a major with deep pockets?

[spectoacc] 02/1/2019 15:11

"If the building is high enough.."

Perhaps a new year tip coming this weekend, who knows - lithium/batteries/enviro likely to be a lot more popular than retail/shopping centres/big oil amongst the tipsters.