Bacanora Lithium Share Discussion Threads

[andyview] 15/3/2021 11:04

I’m sensing a break through the placing price, a bit more momentum building imho

Gla

[dplewis1] 15/3/2021 10:53

Yep, would be good to get back above the placing price. Plenty of positive noise about lithium (just try and ignore the morons in PREM..!)

[parob] 15/3/2021 10:40

With the seller totally exhausted over the past couple of weeks, the recovery in share price could be pretty quick, which often happens after a double bottom. We'll see.

[parob] 15/3/2021 08:20

Double bottom playing out so far.

[swanvesta] 15/3/2021 00:08

Spill chuckers are a ducking pain.

[jonshevlin] 13/3/2021 20:17

Hi All,

Just having a look at this for the first time so apologies for my lack of knowledge!
Forecast net profits £13.9m for 2022 and £40m cash at the moment. Their website says stage 1 initial capital construction cost $420m. Debt facilities of $150m.

I can't see anything that says about completion of construction timeline (sometime in 2022?) and where the shortfall of $270m (not including net cash position) is coming from.

Hopefully minor points...

Thanks,

Jon

[goodgrief] 13/3/2021 17:47

Investors see "gold rush on steroids" for green battery metalsLithium, nickel and cobalt attract strong demand as shift to green economy accelerateshTTps://www.ft.com/content/fb1fa29b-7f2b-448b-ba47-05f16eccad97

[geraldus] 12/3/2021 14:46

Erris doing well also.Gla.

[parob] 12/3/2021 13:27

Currently a very attractive price considering the placing was at 45p a few weeks ago. I bought in through PB and have been averaging down since!

[parob] 12/3/2021 13:26

Over 41p to buy now. Don't want to speak too soon but the price action does suggest that the overhang has cleared.

[donaferentes] 12/3/2021 12:04

Thanks. Chartwise, it would be good to establish the double bottom at 39p and hopefully move backup towards 45p, next stop 51 - but I'm probably getting ahead of myself here!

[dplewis1] 12/3/2021 11:31

Well there wasn't a huge order sitting on the book. Can't tell if there's an iceberg because that's the point of an iceberg..

[donaferentes] 12/3/2021 11:29

With what conclusion to be drawn?

[dplewis1] 12/3/2021 11:23

It's not well offered at all. Cantor with 10k at 40.5 and no signs of a big seller according to the broker I just called

[parob] 12/3/2021 10:58

Is this now starts to move up that will be a double bottom on the chart which is bullish.

[dplewis1] 12/3/2021 10:56

Yes they are contrasting articles, but gods to read both sides. Lithium is one of the most abundant elements so new supply is never far away. BCN seem to have a more environmentally sound extraction method than the brine producers though which is another benefit. Can't be self righteous driving an electric car if the lithium used ruined the environment in Chile

[dplewis1] 12/3/2021 10:49

Sorry, 4000 bucks a tonne is what it costs BCN so they are easily one of the cheapest

[parob] 12/3/2021 10:49

Can't open the link but I spotted this article the other day in the Wall Street JournalBooming Electric-Vehicle Demand Supercharges Lithium PricesA lack of investment in new supply is expected to lead to shortages of the battery metal10/3hTTps://www.wsj.com/articles/booming-electric-vehicle-demand-supercharges-lithium-prices-11615391390

[dplewis1] 12/3/2021 10:45

Interesting article this, it's negative for certain producers. Does anyone know what lithium price BCN are profitable at? I know their cost of production is cheap but can't find the exact figures https://amp.ft.com/content/14198829-bb4c-45b4-bc2c-a4594d6b3b41

[parob] 12/3/2021 10:40

Finally a little bit of movement. Is that the overhang cleared?

[swanvesta] 10/3/2021 12:43

It's in development, so newsflow will be limited to progress in that. What does the Lassonde curve suggest for share price trajectory?

[parob] 10/3/2021 12:05

There seems to be a line of stock available at 40p. Expect this will move up pretty quickly once it's cleared.

[robertspc1] 10/3/2021 09:42

And why have the shares gone backwards then?