Bacanora Lithium Share Discussion Threads

[j0sekl] 15/6/2019 12:01

NPVs can be so easily manipulated. For that reason the market cap doesn't close, else it would have done so already. Such a naive RNS. Time is money and especially when there is cash burn. That financial mismanagement and lack of progress into production resulted in the farm-out and loss of future upside.

Get your act together Secker, or get out. Such RNS's about market cap closing to the NPV... You and your pants are down.. same as usual.

[marvelman] 14/6/2019 17:17

With you on that Johny...decided to let it ride.

[johny cash] 14/6/2019 16:32

Wouldn't want to be out over the weekend ;)

[marvelman] 14/6/2019 13:14

Yes, these are the challenging moments after such a surge in share price Its a judgement, of course,and mine is currently influenced by the strength of the share price hitting against 40p but with little sign of flinching. I have not got L2 but surely some entity is mopping up those taking their profits and running. I havn't seen this kind of price action in the years that I had BCN on my watchlist so I am sure something is happening here that is quite different to the norm. Of course, we PI's only pick up the crumbs the big boys throw at us but enough crumbs can make a nice cake we may be able to eat later

[tech_ip] 14/6/2019 13:12

June 5 RNS:

"Our two projects have a combined, independently estimated NPV of more than US$1.7 billion, a level that far outstrips our current GBP36 million market capitalisation as of 4 June 2019. We are confident this valuation gap will soon close. I look forward to providing further updates on our progress during this exciting time for the Company."


Long, long way to go up yet. Chart suggests next stop will be in the 60s level.

[steeplejack] 14/6/2019 13:09

There's nothing "regulatory" about responding to a strong share price post an RNS outlining a Chinese Deal.The management will just be pleased that the price is going north.

[abbett1] 14/6/2019 13:01

Crazy couple of days, I bought in a few months back at 18p, I must say it is tempting to sell or slice but I actually planned on holding onto these long term. I don't really have anything else I want to move the money to at the moment so think I will sit it out.

[marvelman] 14/6/2019 11:47

Should be an RNS response to the the recent share price jump soonest. Very good volumes and yet strength remains in support of this spike. BOD very quiet in response.

[dplewis1] 14/6/2019 09:27

Sorry that could be out of date, I think they may have sold more at an even greater loss (they bought them for £1). They def still have 30% of megalit though.

[fqr714bhp] 14/6/2019 09:23

3% where did you get that figure from?

[dplewis1] 14/6/2019 09:18

KDNC own about 3%. They are truly the most useless investment company in the world, including Woodford.

[fqr714bhp] 14/6/2019 09:18

I think KDNC still has 1.7% equity in BCN
30% in Megalit & Mexalit

[steeplejack] 14/6/2019 09:16

Bearing in mind that producers like Albemarle have seen their share prices halve since peaks enjoyed a couple of years back,it might be unrealistic to see BCN get back to 150p odd which it spiked to in early 2018.However,back of the envelope calculations suggest that 75p is easily within reach.The Chinese clearly thought that buying into Sonara at 25p was a bit of unexpected good fortune.

[tidy 2] 14/6/2019 09:14

Guys what percentage of BCN does KDNC have please?

[debz3] 14/6/2019 09:05

Quite today on here considering a great week wondering how many have sold.

[fqr714bhp] 14/6/2019 09:04

They are pushing the share price up to get a cash call away.
My guess is at @ 35p

IMHO.

[rimau1] 14/6/2019 08:58

I wonder if during all their due dilligence, Gang Feng are now realising that they should just buy the whole damn company.....

[saint in exile] 13/6/2019 17:46

looking goooood

[johny cash] 13/6/2019 17:09

I think your Sipp will survive.

[danielinnes74] 13/6/2019 12:45

I do hope so. Hold from 80p (eek)in my SIPP and 22p or so in my ISA :)

[marvelman] 13/6/2019 12:43

Profit taking not halting the momentum...this is the real deal

[altered carbon] 13/6/2019 12:22

go go go my baby.

Please continue to buy buy buy all the way to 50p.

A beautiful day Chez AC
😊
I am 100%+ up :).

[marvelman] 13/6/2019 10:52

Order, order, a statement from the company, order. On the ADVFN leader board now.