Bacanora Lithium Share Discussion Threads

[r65767] 09/3/2021 19:22

Zinwald is a side show. Sold but still have 44% of Eris which will be diluted by capital raise if they get that far. Still it may add into BCN when 2% royalties on profits are paid in 5-10 years. Its got s long way to go before making a return on BCNs investment in it.

Sonora is the large money maker here. It is two years from production. Financing and all paperwork complete.

[robertspc1] 09/3/2021 19:11

Am a long term holder but can't see any near term catalyst for the shares as everything is in the price. Maybe ZNWD will provide some interest but then why did BCN sell it?

[dplewis1] 09/3/2021 18:34

Little Amazon name drop from Bacanora in their tweet.. https://twitter.com/bacanoral/status/1369252627444334595?s=21

[donaferentes] 09/3/2021 15:35

If it can hold the 40p support, then break up through recent 45p mini-high, there's a reasonable momentum trade up towards the January 65-67p high to be had. Meanwhile, I'm holding what I've got already.

[fullbreakfast] 09/3/2021 14:13

Been watching BCN for some time, but just opened a small position today. I wanted to have some proper lithium exposure in my portfolio and Bacanora seems v. attractive at current prices given the prospects on offer.

[donaferentes] 09/3/2021 12:14

Seems to be holding support at 40p well. Apart from Sonora, I'm particularly keen on its interest in Zinnwald Lithium in the Czech border with Germany - handy for VW etc. They own 44% of Zinnwald Lithium with a 50% interest in the Zinnwald Lithium project. Hoping they can soon rationalise the 50% of that project they don't own currently JV'd with an entity in administration.

[candlestick1] 08/3/2021 16:06

And with a 3m sell now cleared, should start to head back through the mid-40s in the short term

[parob] 08/3/2021 16:03

Double bottom on the chart, hopefully.

[donaferentes] 08/3/2021 07:48

Annual report RNS in.

[dplewis1] 07/3/2021 17:14

Yes thanks, this is a much better interview and Secker seems to be a bit more slick than previous attempts. Interviewer also very good I thought, really drilled into the financing and got the answers he wanted. Project sounds like it's going to be upgraded and Gangfeng have an excess of demand so this seems like a very sold investment imo.

[juuunx2] 07/3/2021 16:32

Thanks Parob recently got in here great stuff

[parob] 06/3/2021 08:24

Interview with video:hTTps://youtu.be/9QbwF23vluQ

[parob] 06/3/2021 07:34

New episode of CRUX Investor Podcast: Bacanora Lithium (BCN) +$100M Raised & Gangfeng JV Finalising. Listen:https://share.transistor.fm/s/19e72073SUMMARYInterview with Peter Secker, CEO of Bacanora Lithium (AIM: BCN)SHOW NOTESBacanora Lithium is a company focused on building, in collaboration with its major shareholder and offtake partner, Ganfeng Lithium, a 35,000 tonne per annum open-pit battery-grade lithium operation at its flagship asset, the Sonora Lithium Project in Mexico. To capitalise on the fast-growing lithium market, our main focus is to monetise the resources and reserves held in the Sonora Project, which benefits from a large, scalable and high-grade lithium resource with a Measured and Indicated Resource of over 5 million tonnes Lithium Carbonate Equivalent. 

[andyview] 05/3/2021 12:31

Thanks Parob.

I think it’s down with the rest of the new energy stocks.

[parob] 05/3/2021 12:09

Mexico's lithium concessions 'unaffected' by nationalization plansExisting concessions will not be revoked as a result of Mexico's planned nationalization of lithium mining – but new licenses may be more strictly controlled, according to experts.Any changes are also unlikely to affect current concessions, according to Ruiz.Bacanora Lithium and JV partner Ganfeng Lithium hold the 10 concessions which form the Sonora project, by far the largest and most advanced lithium asset in Mexico, and one of the biggest globally, with measured and indicated resources of around 5Mt lithium carbonate equivalent.hTTps://www.bnamericas.com/en/features/mexicos-lithium-concessions-unaffected-by-nationalization-plans

[dplewis1] 05/3/2021 10:49

Think it's because of an article yesterday saying Mexico's govt is continuing to evaluate proposals to nationalise lithium mining

[bean02] 05/3/2021 10:20

Bizarre drop :-/

[parob] 01/3/2021 07:24

I’m sure many have been waiting for confirmation of this increased investment before buying in.

Hopefully we saw the floor of the dip last week at 39.5p.

[andyview] 01/3/2021 07:17

Excellent news and final piece of this early stage jigsaw

Gla

[parob] 01/3/2021 07:11

Peter Secker, CEO of Bacanora said:"We are pleased that the approvals have now been received and that Ganfeng has completed the exercise of its option. The finalising of the engineering work with Ganfeng is proceeding well and we look forward to updating the market with further news as we head towards the start of construction."Mr Wang Xiaoshen, Deputy Chairman of Ganfeng said:"We are delighted to have received all relevant approvals and consents from the authorities in the People's Republic of China to complete the updated joint venture agreement in Sonora Lithium, taking our ownership to 50%. Sonora is a world-class lithium project and we look forward to bringing it to fruition in tandem with Bacanora."

[geraldus] 25/2/2021 15:33

Thanks for the link.Chinese leading the way on battery investment and possibly associated technologies.US need to catch up again.Electric motors are coming and this looks well placed and now de- risked.Could be quite a ride. Gla.

[igbertsponk] 25/2/2021 11:53

Unusually rapid number of price changes.

[dhb368] 25/2/2021 11:12

Barbello, link below

[parob] 25/2/2021 11:12

Here's the link:VSA Capital Morning Miner Bacanora Special 250221hTTps://soundcloud.com/user-596578261/vsa-capital-morning-miner-bacanora-special-250221