Bacanora Lithium Share Discussion Threads

[andyview] 10/9/2020 07:20

All sounds rather encouraging imho

Gla

[shieldbug] 25/8/2020 13:46

Bacanora discussed in this Crux Investor interview - Rodney Hooper expresses concerns about clay deposits but is very upbeat on Gangfeng's technical abilities.

hxxps://www.youtube.com/watch?v=Mj_LhpSxAYM

[shieldbug] 27/7/2020 09:37

Peter Secker interviewed on Crux Investor -

[ukgeorge] 20/7/2020 10:52

chart is starting to look tempting, the major lithium producers have been have a good run of late. I'm tempted to buy a few as well.

[andyview] 20/7/2020 10:28

Quiet board here, been slowly accumulating a few on the prospects

Gla

[jimsyone] 28/6/2020 10:21

Dongfang Electric has shipped out it's first 10MW offshore windturbine to be located off Fujian.

[j0sekl] 11/5/2020 17:22

Not if you haven't demonstrated cashflow conversion. Sometimes this is an entry point but depends on what a company generates.

[johny cash] 05/5/2020 07:59

Lit not looking too hot today.

[pcmal] 04/5/2020 10:55

https://www.google.com/amp/s/www.cnbc.com/amp/2020/05/04/electric-cars-take-the-spotlight-in-chinas-post-coronavirus-stimulus-plans.html

[j0sekl] 15/4/2020 22:14

What's their cash burn per month?

[r65767] 21/3/2020 12:18

If you read the statements.

18 Months to Build production facilities and commence production.

After that takes only 4 years production to cover costs of build - and every thing then is profit.

Second stage is to double production.

So waiting on Gangfeng for EPC. Then funding. Then start.

This was supposed to be q1/q2 2020.

This is delayed because of COVID19.

China seems to be back to work (so Ganfeng to).

Secker said last month it was delayed by COVID19. But now expected within 6 months (now 5 months)

This share was between 80 and 112p a few years, and spiked to around 140-150p on the definitive cost/resource estimates.

Good prospects for those that hold their nerves in this time of panic in the markets.

Thing is its not like they have huge costs and dividends to pay.

So just a waiting game because they have a cash position similar to its market cap. But lots of assets whose value is not represented in the Share price.

[j0sekl] 21/3/2020 06:18

I stand corrected. I haven't followed this much... Hanwa, like other shareholders have been diluted, and currently there is no visibility over when the company becomes profitable. By that I mean it's hard to see if this is 3 years or up to even 7 or 10 years.

The balance sheet is a critical data point, as is the cost of financing. What's the interest on the loan? In terms of math therefore, how long, if we assume no revolving credit, on cash burn does $150m last taking the capex cycle into consideration?

[r65767] 20/3/2020 22:30

Hanwa was a 10% shareholder until M and G got issued more shares to take their holding to 19.9%.Diluting Hanwa and Ganfengs percentages.

Also RK Mine finance has given BCN a $150 million loan facility to bring into production.

[j0sekl] 20/3/2020 22:08

r65767 19 Mar '20 - 22:04 - 4833 of 4834
0 2 0
So you dont think Hanwa, M and G, and Gangfeng is enough interest?
--------

If the asset is worth that much then Gangfeng would have been pressured to pay more for a third of the business.. Having secured that money how strong is the balance sheet vs required capex?

M&G are an investor, could get it right or wrong.

Hanwa has a production contract, not a stake in the business.

[r65767] 19/3/2020 22:04

So you dont think Hanwa, M and G, and Gangfeng is enough interest?

[j0sekl] 12/3/2020 22:46

How much money does Bacanora make? When did it ever say it will become profitable? How much cash injection would they need? What is their borrowing cost of financing?

[dplewis1] 12/3/2020 09:57

It was removed by admin. It was that clown top aim stocks off twitter

[dssloan] 12/3/2020 09:43

What link? dplewis1

[dplewis1] 10/3/2020 16:07

Spam link do not click.

[paleje] 05/3/2020 18:58

He did infer they'd wait a couple of months for the current market wobbles to steady but you never know.

[bsg] 05/3/2020 15:35

Looks like forward selling going on? Maybe a placing soon.

[paleje] 05/3/2020 09:24

From the mining convention in Toronto, 7 min read.

www.proactiveinvestors.co.uk/companies/news/914316/bacanora-lithium-looking-forward-to-entering-construction-phase-at-sonora-914316.html