Bacanora Lithium Share Discussion Threads

[parob] 09/4/2021 08:41

So we didn't get a double bottom on the chart after all, looking good for a triple bottom now!A close above 46p and this should start moving back towards the 52 week high.

[igbertsponk] 08/4/2021 07:40

Note Ganfeng on a few major players

[donaferentes] 08/4/2021 07:23

I still think The European operation near VW has some interest. The other 56% of Eris/Zinnwald is owned by Solarworld in administration. I understand they have to sell their administrator having failed to find a going concern solution for them. Could be a great little fire sale for someone.

[purchaseatthetop] 07/4/2021 16:45

donferentes...Zinnwald was sold to (previously) Erris Resources, as far as I understand it all responsibility for running lies with ZNWD, nothing for BCN to do:

30/9/20 RNS: "The main asset owned by DL is the Zinnwald Lithium Project ("Zinnwald" or the "Project"), located in Germany, which would become the sole focus of Erris and its management team going forward."

I might have this wrong but I was really only concerned with Sonora. I am sure that the management have a plan!!!

[donaferentes] 07/4/2021 16:15

Patt - do you know how Solarworld are coping with being in administration? They've own the other 56% of Zinnwald Li mine on the Czech border. It would be better for BCN to have a more stable partner. How about APF?

[purchaseatthetop] 07/4/2021 15:29

added another 9,000 at 44.44

[quantas01] 07/4/2021 15:21

Wow talk about timing. Just topped up at 43.8. And seconds later it jumped a wee bit. Now that never happens to me...not ever. Wasn't much but I appreciated the move..8-)

[r65767] 07/4/2021 14:21

ISA - For some it is sell non ISA. Two Days later Buy in ISA. So muore activity - not all new money. Just got to hope share price doesn't change too much between.

[purchaseatthetop] 07/4/2021 07:03

Just added 11,415 at 43.80

[outsizeclothes.com] 06/4/2021 21:21

Looks like a bit of ISA money came in today.

[robertspc1] 06/4/2021 18:27

Just think it's a little extra value (or cash) for BCN that is overlooked

[goodgrief] 06/4/2021 15:57

However, BCN will end up owning less of something growing bigger...

[r65767] 06/4/2021 15:44

Zinwald. BCN have 44% of Eris which has 50% of the assets. If you look at the dilution in raising money for BCN this is going to be a smaller and smaller value as shares are issued to fund build to production. Just saying don't overvalue it.

Even if you invest directly the relative value will disappear.

[robertspc1] 06/4/2021 11:47

Not sure the share price reflects potential value of Zinnwald stake. Be interesting to see what happens re the ownership of the other 50%. Deposit is right next door to EMH Cinovec which is best lithium asset in Europe

[goodgrief] 01/4/2021 10:03

Doubled up.

The mood music just gets stronger. Volkswagen Battery day announcements (more and more batteries going to be needed... and where will the product come from?), Biden's infrastructure plan etc. etc.

[donaferentes] 30/3/2021 20:08

Not entirely certain of the direction of travel currently. Would prefer stronger indication from price action, even if losing a few pence of upside.

[robertspc1] 30/3/2021 18:54

How about topping up at 41p

[donaferentes] 19/3/2021 18:21

breaking above 46p would be an excellent time to top up

[donaferentes] 17/3/2021 17:38

Thanks. Didn't know there was agreement between Garfeng and VW interesting.

[dplewis1] 17/3/2021 17:27

Decent volume day and above the placing price. I've got a fair few quid in this one so let's hope we get a decent rally

[r65767] 17/3/2021 14:51

Re Zinwald and Emh. When exactly do you see them producing?

Besides BCN have offtake agreements for all their Lithium. We know VW have agreements for Lithium supply with Ganfeng so if some of that comes from BCN fine.

I'm not sure what agreements BCN will have if they expand to 100tpa but I expect offtake agreements will be made before to back the Loan's needed for the capital expenditure.

[parob] 17/3/2021 12:16

Over a month to exhaust the seller, double bottom on the chart. Could see some decent daily moves now as the price recovers.

[donaferentes] 17/3/2021 08:19

Can't see Ganfeng letting VW have much Li2CO3. VW more likely get it from Zinnwald and EMH.

[parob] 17/3/2021 08:16

#Lithium carbonate prices have doubled in past 12 months with Benchmark reporting China technical grade at US$11,700/t and #Battery grade at $12,635/t. Producers, including #Ganfeng, announcing the lithium market will encounter further tightness in 2021.hTTps://www.mining-journal.com/energy-minerals-news/news/1406529/lithium-carbonate-prices-have-nearly-doubled-in-2021-benchmark

[jimbomorry] 16/3/2021 14:22

Announcement from VW on EV battery commitment. Big implications for lithium demand. VW also big in South America, of course. Could be major demand for BCN's operation.