Bacanora Lithium Share Discussion Threads

[therealapplegarth] 11/11/2019 10:41

MASSIVE POSITION TAKEN HERE ! I can see this moving to a quid a share before Christmas! BOOOOOOOOM

[r65767] 05/11/2019 22:01

I think the lower price for Lithium is not as bad for BCN as there costs of production is one of the lowest. If it was high like the Australian ones then it would be a cause for concern. Also the turnaround from ground to lithium is about a week versus a couple of year for the other low cost producers using ponds to evaporate water to expose the lithium in south america.

So many advantages to BCN plus lots of untapped resource for expansion. Who would want to mine the resource for 200 years. As the production turns to profit investment into larger capacity would be something every shareholder would see as a benefit to increased profits. Remember here profit per tonne and when going will easily be able to fund expansion from profits and financing would be so much easier.

[marvelman] 05/11/2019 09:39

....waiting for the promised placing by Secker

[johncasey] 05/11/2019 09:33

how come this has fallen from 42p...looks overdone

[therealapplegarth] 02/11/2019 09:19

Roger65 on LSE - Read some dire msgs on Advfn and nearly fell off my chair! Won't go there again in a hurry... CANT STOP LAUGHING AT YOUR POST! Look at Nemaska Lithium for a project disaster! The same could happen here! DO NOT TRUST SECKER WITH THAT COUGH! He is hiding some very bad news in my opinion. With lithium miner in Australia mothballed now things will only get worse before better. Do not expect any upside for the next 24 months in this dog! SUB 15p in sights

[shieldbug] 01/11/2019 13:44

Current lithium carbonate price $10kg - Sonora BFS price used $11/kg. From the BFS document "A decrease of 30% in the average lithium carbonate price, from $11,000 to
$7,700 decreases the Post-Tax NPV from $802M to $148M and Post-Tax IRR to 11%."

Prices go up as well as down and vice versa.

If Lithium Carbonate fell to £7.7/kg lithium the hard rock mines producing spodumene would struggle. Gangfeng are 50% owners of one of these mines in Australia.

As the price of Lithium falls the shape of industry economics changes.

[therealapplegarth] 01/11/2019 10:21

What's NEXT placing price gonna be to raise money for project? Many think 15p SECKER has played everyone like a fiddle here cough cough lol

[therealapplegarth] 01/11/2019 10:15

THIS WILL GET DELAYED AND SECKER WILL DILUTE THE FVCK OUT OF CURRENT SHAREHOLDERS LOL

[marvelman] 01/11/2019 10:03

Good post shieldbug

[shieldbug] 01/11/2019 10:02

You have to ask the question why did Gangfeng invest in Bacanora. Possibly they want to secure the resource for future and have no intention of developing the mine at the current time.

However as Gangfeng are keen to point out on their website, they are the third largest lithium compounds producer in the world and the largest in China.

China is driving global Lithium consumption. Why wouldn't the world's largest lithium producer not in future be Chinese.

It would be a mistake to underestimate Chinese ambition just because in the West markets are focused on short term pricing.

[therealapplegarth] 01/11/2019 09:41

Could Mexico project also be mothballed?

[therealapplegarth] 01/11/2019 09:41

Secker playing you lot like MUGS with his cough lol

[therealapplegarth] 01/11/2019 09:40

READ THIS MUG PUNTERS! Lithium is tanking - Workers at a lithium project in Western Australia's north are reeling after losing their jobs after the project was suddenly mothballed. Key points: The Wodgina Lithium Project was planned to host the first lithium processing facility in the north of WA Of the 270 current workers 30 will be retained for care and maintenance, 135 redeployed, and the future of 100 jobs uncertain The decision came as Mineral Resources announced it had completed a joint venture and sale agreement with Albemarle

[marvelman] 31/10/2019 09:10

JH...the question is...do you want to wait until the placing with its addendums is published (which will surely see the share price gravitate to) or stay on the sidelines until you know the entry price. At this point in time those that have done the latter are less out of pocket than those that chose the former path.

[john henry] 31/10/2019 08:55

Rimau1 the Chinese wouldnt be able to take up very much in a placing in fear of breaching 30%

[rimau1] 31/10/2019 07:26

I agree Marvelman, JH - the chinese investment doesn’t necessarily provide a floor nor does it dilute them if they took up any placing rights. Saying that, senior debt convertible debt and warrants will be the preferred choice over equity and watching this from the sidelines feels right for me until we get a funding solution. Full disclosure i was a LTH and lost a tidy sum on the run down from the 130’s but luckily made it all back on (part of) the rally from 18p.

[marvelman] 30/10/2019 12:08

Your logic is difficult to challenge JH but placings are not quite so (from my own bitter experiences). There is also the question as to whether warrants could be issued alongside depending on the source of finance. All very unsettling until they tell us more. I prefer to be on the sidelines until more clarity unfolds...a waiting game for now.

[john henry] 30/10/2019 11:48

Marvelman share price is currently positioned at strong technical support, resistance early 2019 RSI @ 29
Chinese investing @ 25p would make mark any placing imho. I’m not share the company is willing to dilute the 29.99% Chinese holder.

[marvelman] 30/10/2019 11:25

john henry..in my experience there is nothing technical about a placing price apart from the point at which it ceases to drop. The chart is surely telling us that we are not there yet.

[bsg] 30/10/2019 11:20

I can Seckers desperate.

[john henry] 30/10/2019 10:47

Imho 27p is a decent technical buying area. I also can’t see another another placing being below 25p