Bacanora Lithium Share Discussion Threads

[pilkersa] 13/5/2019 11:37

Sounds like you are covered well both ways!

[zoro9791] 13/5/2019 11:22

Since the "news" coming it went down and up 5-6 times.It is not the only share in the market.I have £10k invested here with 25.5p avg with another £7k trading.£7k become £14k since the the £10k become £12k.Trading always wins because of compounding.

[pilkersa] 13/5/2019 09:46

If you are making money trading it well done, but risky considering how much this could go up on news......

[zoro9791] 13/5/2019 09:33

Best trading share of the year so far.

[spectoacc] 13/5/2019 08:34

Masses of room to go higher but having to not watch it too closely to not get shaken out by MMs.

[pilkersa] 10/5/2019 23:26

Am rather liking the slow but steady approach..... hope it keeps going to a pound.....

[norsewebster] 10/5/2019 14:45

Going up on good solid volume too.

[inv] 10/5/2019 10:02

starting a major upward move

[zoro9791] 03/5/2019 09:17

I was quick burnt twice third time I sold out 28.10p will buy back when the noise calm down.

[richsawko] 03/5/2019 09:15

Meant yo-yo!!

[richsawko] 03/5/2019 09:14

This is like a go-to. No one seems to know what is going on! Will keep holding in the hope of confirmed news

[zoro9791] 02/5/2019 15:10

Where is that presentation?

[zoro9791] 02/5/2019 11:38

Have avg 25p well happy with the build up.

[pilkersa] 02/5/2019 11:31

No stopping it now. 50p next stop.....

[spectoacc] 02/5/2019 09:54

MMs very good at shakeouts! But some blue sky in BCN, if/when...........

[pilkersa] 02/5/2019 09:48

Nice to see this moving in the right direction.... Have no intention of selling a single share.

[johncasey] 02/5/2019 02:13

lithium stocks in demand!

Wesfarmers lines up Kidman Resources as latest takeover target
By Lorna Nicholas - May 2, 2019
Wesfarmers Kidman Resources ASX KDR WES lithium takeover bid
Wesfarmers’ bid values Kidman Resources at $776 million ($1.90 per share) – a 47.3% premium to its last closing price.

Kidman Resources (ASX: KDR) has become Wesfarmers’ (ASX: WES) latest takeover target after the conglomerate lobbed a $776 million bid for the advanced lithium explorer.

Today’s bid come less than two months after Wesfarmers made a $1.5 billion unsolicited grab for rare earths miner Lynas Corporation (ASX: LYC).

The offer was followed with a statement from Lynas’ board claiming it “would not engage with Wesfarmers on the terms outlined in the proposal” and advising shareholders there was no action to be taken regarding the unsolicited proposal.

However, in this morning’s announcement, Kidman’s board has noted it will engage with Wesfarmers with a view to finalising a binding transaction that will be put to shareholders.

As a result, Wesfarmers has been granted an exclusive period to complete due diligence on Kidman till the end of the month.

Wesfarmers’ offer

Under Wesfarmers’ offer, it proposes to acquire all of the shares in Kidman at $1.90 each, which represents a 47.3% premium to Kidman’s last closing price of $1.29 on Wednesday.

The bid has numerous hurdles to jump before it becomes a done deal including various shareholder and regulatory approvals and Wesfarmers agreeing to certain commercial matters with Kidman’s joint venture partner Sociedad Quimica y Minera de Chile SA (SQM), which is the world’s largest lithium producer – accounting for 20% of global supply.

Backing the deal are Kidman’s three major shareholders, which hold a combined 16% stake and have noted they would vote in favour of the takeover should it become binding.

Wesfarmers has also shored up its intentions to cement the deal by scooping up almost 70 million shares in Kidman on Wednesday giving it a 17% interest.

Kidman Resources snapshot

Kidman owns 50% of the Mt Holland lithium project in Western Australia, which hosts the Earl Grey deposit – known as one of the world’s largest hard rock lithium deposits with a resource of 189 million tonnes at 1.5% lithium and a reserve of 94.2Mt at 1.5% lithium.

A definitive feasibility study is underway to develop an integrated mine-to-refinery operation, with a plant proposed to be established in Kwinana WA to produce a battery grade lithium hydroxide product for lithium-ion battery markets.

Under the prefeasibility study, which was released in December, the operation would have a 47-year life to generate total life-time revenue of US$33.3 billion to be shared by both parties.

Wesfarmers’ rationale

With a diversified business portfolio spanning retail, chemicals, energy and fertilisers Wesfarmers expects to draw on its cash reserves, operating capability and knowledge to facilitate the development of Kidman and SQM’s proposed mine and lithium hydroxide plant in Kwinana.

Wesfarmers’ rationale is to secure a stake in the accelerating electric vehicle revolution where it anticipates it will generate attractive returns due to lithium being a critical raw material in EV batteries.

Currently, Wesfarmers manufactures industrial chemicals and fertilisers in Kwinana, which are shipped nationally and overseas.

The company expects its experience will complement that of SQM, which has a market cap of around $13 billion, and vast experience in producing and selling lithium products including lithium hydroxide.

This morning’s news sent Kidman’s share price rocketing more than 40% to reach $1.83 before mid-morning, while Wesfarmer’s share price dipped 0.89% to $35.47.

[cl0ckw0rk0range] 01/5/2019 22:28

Seems leaky

[abbett1] 01/5/2019 19:42

Unless they've been doing pre meeting talks lol

[braidl] 01/5/2019 16:00

No that's tomorrow :)

[braidl] 01/5/2019 15:48

Probably the talk they have done in the mining conference

[abbett1] 01/5/2019 15:48

Have I missed something today?

[paleje] 25/4/2019 15:45

Presenting next week in London 02 May, perhaps something before then?

[zoro9791] 25/4/2019 13:41

News need asap at least reassuring.Otherwise sub 20p in the card again.