Bacanora Lithium Share Discussion Threads

[bob1995] 21/3/2019 09:23

Wow that's sum price to get to. A 5 bagger from here

[tidy 2] 21/3/2019 09:06

initiate coverage with a Buy recommendation and target price of 115p/sh.BUY hTTp://www.bacanoralithium.com/cms/wp-content/uploads/2018/12/VSA-Capital-on-Bacanora_Lithium-13.12.18.pdf

[paleje] 21/3/2019 07:58

Thanks for that article link, jlondon

[pugugly] 20/3/2019 22:11

Zor - I will waste no more time trying to educate you - Having been around this game I suspect far longer than you.

[zoro9791] 20/3/2019 21:36

PugLike I said educate yourself how the market and market making works.I am not here to tell you.

[jlondon] 20/3/2019 21:24

NEW ARTICLE ON BACANORA, 4 hrs ago by Bloomberg.

"Capital- hungry miner says lthium market fears have dissipated."-Bloomberg, Wed 20 Mar 2019 @9.15pm [4 hrs ago]

Link:

Essentially, a Bloomberg interview with Peter Seckers, CEO of Bacanora [BCN] by telephone + industry expert.

Quote:

"This massive oversupply hasnt occurred-people have got over that fear, Seckers said Tues by telephone."

"Mkt is in TIGHT balance with NO significant volume expected to come online in the short term and DEMAND set to RISE more than 10% per year -Signum Box."

"Ambitious exp...havent brought new production to the market AS FAST as expected, Seckers said. This creates an opportunity for greenfield mines such as Bacanora Lithium Sonora project."

"BCN IS LOOKING TO RAISE $100-$180 MILLION FROM 1-3 INVESTORS WITH CITI AND CANNACORD AS BROKERS."

Please check as copying from notes.

J.London, Wed 20 Mar 2019

Could not post on London South East BCN as the site is down.

[tidy 2] 20/3/2019 21:16

Against this backdrop, the global lithium-ion battery market is expected to soar from $17.5 billion to $70 billion by 2020, the same year that the Sonora project is expected to come online.

[pugugly] 20/3/2019 18:05

Zor - So what is bugging you? I certainly know how the market works - but for many newbies (possibly like yourself?) useful to know when a big unloa/load may be going on and MM's prepared to deal well inside the quote - hence the aloago can give a very false picture of trades - Do you not agree?

[zoro9791] 20/3/2019 15:04

Can we stop this sells shows as buys and buys shows as sells.I reccomend to anyone to learn the basic how the market operates.Very annoying.

[marvelman] 20/3/2019 11:47

Bought in this morning after that RNS which explains a lot although leaves some unanswered questions regarding Blackrocks real reason for its sudden departure. The fact that Blackrock are out of the equation is enough for me, Certainly enough near term action to be onboard but not without its risks.

[pilkersa] 20/3/2019 11:41

Management seem highly confident here. Last chance for a bargain entry I suspect. Especially once the big sellers are all clear.

[pugugly] 20/3/2019 11:16

Sells showing as buys -

[ntbb] 20/3/2019 10:48

"With the FS at Zinnwald on course to be completed in Q2, we will soon have a first independent valuation for Zinnwald which we are confident will far outstrip our current market capitalisation. ;

[lardarse69] 20/3/2019 08:50

Having loss a small budle on this in my SIPP I've doubled down in my ISA.... Fingers crossed!

[spectoacc] 20/3/2019 08:30

"Bacanora CEO Peter Secker said: "The Company believes that both Capital Group's and BlackRock's reduction in holding is demonstrative of recent changes to their strategy which includes divestment of a significant number of its commodity/non-core investments. We are encouraged by the increase in demand from our retail shareholders and believe this to be the last tranche of institutional selling and thus this will no longer be a source of share price volatility. We maintain the support of leading institutions such as M&G, Igneous Capital, RK Mine Finance, the State General Reserve Fund of Oman and Hanwa Co. LTD. We remain fully focused on securing the full funding of US$460 million for the Sonora Lithium Project in Mexico in Q2 2019 and we will provide an update to the market as appropriate."

[abbett1] 20/3/2019 08:08

Spike again this morning

[zoro9791] 19/3/2019 11:10

Well it dropped from 135p to 12p that back to 27p.We will see.

[costax1654x] 19/3/2019 09:11

You might end up in tears again!

[zoro9791] 19/3/2019 08:24

Well I thought my 25p avg is bargain. Blimey

[jimb2] 18/3/2019 20:17

Hanwa secured 50 Billion Yen / circa $450m funding last week March 15th,

DYOR

[zoro9791] 18/3/2019 19:34

https://www.engineering.com/AdvancedManufacturing/ArticleID/17068/Lithium-Shortage-Expected-Due-to-Lack-of-Mines.aspxNot sure about that oversupply.

[zoro9791] 18/3/2019 19:33

This is my second AIM share after the fiasco of 88e hope this will end nicely.