Share Name Share Symbol Market Type Share ISIN Share Description
Bacanora Lithium Plc LSE:BCN London Ordinary Share GB00BD20C246 ORDS 10P
  Price Change % Change Share Price Shares Traded Last Trade
  -1.75 -2.69% 63.25 572,517 16:35:12
Bid Price Offer Price High Price Low Price Open Price
63.00 65.00 65.00 63.73 65.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining -8.71 -6.30 142
Last Trade Time Trade Type Trade Size Trade Price Currency
17:08:58 O 96,500 65.18 GBX

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Date Time Title Posts
20/1/202105:07Bytecoin Price Prediction 2021-
20/1/202100:00Bacanora Minerals5,007
13/9/202013:40Bacanora Minerals to head back to 60p37
13/9/202013:39long term holder4

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Bacanora Lithium (BCN) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2021-01-22 17:15:0065.1896,50062,898.70O
2021-01-22 17:08:5863.2525,00015,812.50O
2021-01-22 16:35:1263.25249157.49UT
2021-01-22 16:29:1664.501,531987.50O
2021-01-22 16:23:2064.501,234795.93O
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Bacanora Lithium (BCN) Top Chat Posts

Bacanora Lithium Daily Update: Bacanora Lithium Plc is listed in the Mining sector of the London Stock Exchange with ticker BCN. The last closing price for Bacanora Lithium was 65p.
Bacanora Lithium Plc has a 4 week average price of 53p and a 12 week average price of 29p.
The 1 year high share price is 68.50p while the 1 year low share price is currently 15p.
There are currently 223,815,683 shares in issue and the average daily traded volume is 601,800 shares. The market capitalisation of Bacanora Lithium Plc is £141,563,419.50.
johnkammy35: Are you thinking of buying Bytecoin this year? Or maybe you hold some, but worried about the price performance of the future? Don’t be worried, This article aims to provide deep information that clarifies your thoughts on Bytecoin. Coinpedia Bytecoin (BCN) Price Prediction Bytecoin commenced in the year 2021 with a trading price of $0.00016. BCN might reach an average of $0.00028 by the end of January. The Bytecoin’s price might likely rise if the market concentrates on investing in BCN. By the end of 2021, BCN might reach the $0.00042 mark. In the future, Bytecoin might reach up to $0.00085. Learn more about Technical Analysis: https: // /bytecoin-price-prediction /
r65767: Ganfeng already have 50% of the Project and 25.83% of BCN. So isn't that like they get 62% of the profits anyway. I think they is something to be said for not owning the whole company. They can and will put money elsewhere and and it may be better spent increasing the size of the mine to 50k Tonnes per year or more. Still if they take the mine over we are probably looking at 2 to 3 times the current share price
diversification: Lithium America’s deal with Ganfeng is structured 51/49 to allow an element of control. Our deal is 50/50 and interestingly they have already sourced equity funders in America for the new year as per the recent interview. I’m not so sure it’s going to get that far for Bcn. £132m market cap with just over £30m in the bank makes this is a sitting duck!
diversification: It’s quite simple, Gangfeng will place a takeover bid for BCN as why would they want a small jr. riding on its coat tails.
r65767: EPC from Ganfeng was expected q1 2020, the q2 2020. Then q3 2020, the Q4 2020. Then q1 2021. Still I'm not that far off not being in deficit on this share. And should be in profit q 1 or q2 2021. I think the risk is nearly all gone as Ganfeng took its stake. M&G invested more to take their stake back 19.9% and the Ganfeng increased their stake in Sonora at the project level to 50%. Certainly this money wouldn't be coming if they weren't certain to fund it and bring it to production. Then its 5 to 10 times increase in share price No much out there with such prospects and advanced level of development. So I'm confident of the future.
r65767: Demands is going up now. But the Australians invested in expanding hard rock spudomere which built up a stockpile of the stuff. This spudomere actually only makes a profit when lithium prices are something like $14,k pet tonne. So they have reduced production or mothballed them. BCN can produce at 4k per tonne and therefore makes huge profit at $14k per tonne. What I think was actually said is that there will be a shortage of lithium by 2023 as stockpiles of spudomere are used up and the production capacity will not meet the demand unless multiple mines of the size of BCN are built and in production by then.
r65767: Johnny. BCN has offloaded development for 1.3 million that itchad to pay anyway. It has no future financial obligations but has net profit loyalty payments to come. And no wins 44% of Eris. It can concentrate on BCN. Big turning point in EPC from Ganfeng in Q4 2020. BCN have guaranteed off take at market prices for 10 years. Lithium sentiment is up. So with Ganfeng backing and possibly increasing their shareholding to 50% its funding should no longer pose a problem
diversification: Ganfenglithium has the option to increase financing from 22.5 to 50%. Hanwa intention to invest $25m. RK finance to provide $150m in 3 tranches. Only 10 to 15% of project to be funded via equity and it has been suggested that capital costs could be reduced further. All underpinned by various off-take agreements, I think we are close to commercial promotion as the board will aim to elevate awareness and share price performance prior to a walk round some city offices. Having said that, I hope your right so I can buy more at lower prices.
steeplejack: The 20th May RNS is more explanatory.To determine the 25p buy in price they used 20 day share price averages.They paid just over £7.5m for a 22.5% stake in Sonara but the price paid was referenced to the valuation being applied to Bacanora as a whole and the 25p paid for the 29.99% interest.This makes sense,BCN has other interests not just Sonara.The price that Ganfeng might pay for a further 27.5% of Sonara will probably be determined by the same formula.If you used,purely to provide an example,that same formula in say a months time and the BCN price averaged around 55p for twenty days,then a 27.5% slug of equity might cost Ganfeng around £18m ie the average price at 55p would be 2.2x the 25p average used before plus they’d be buying 5% more than previously.So there’s an incentive for all and sundry to push the BCN price as high as possible so the Chinese have to pay up! "GFL has an option to increase its interest in SLL to up to 50% within 24 months at a valuation based on the share price of Bacanora at the time of subsequent investment"# I’m not sure what that means,Marvelman.Hopefully it does mean capital investment someway down the line. As part of the Strategic Investment, GFL would subscribe for a 29.99% equity interest in Bacanora for a cash consideration of GBP14,400,091, being 57,600,364 new ordinary shares in the Company (the "Private Placement"), at a price of 25 pence per share, representing the volume weighted average price ("VWAP") on AIM of the Company's shares over the previous 20 trading days at the time of negotiation. Subject to the completion of the Private Placement, GFL would have the right to nominate one director to the main board of Bacanora. GFL would also be granted pre-emption rights in relation to new share issues proportionate to its interest in Bacanora. In addition, as part of the Strategic Investment GFL would be granted the right to acquire an initial 22.5% interest in a subsidiary of Bacanora which holds the Sonora Project ("Project Level Company"), for a cash payment of GBP7,563,649, equivalent to a price of 25 pence per share on the same basis as the Private Placement (the "Project Level Investment"). Subject to the completion of the Project Level Investment, GFL would have the right to nominate one director to the board of the Project Level Company. GFL would also be granted an option to increase its interest in the Project Level Company to up to 50% from 22.5%, within 24 months of the completion of the Project Level Investment. The valuation of any additional investment in the Project Level Company by GFL would be based on the share price of Bacanora at the time of the additional purchase. paragraph,you’ll see they paid around £7.5m for 22.5% of Sonara.
steeplejack: "GFL would also be granted pre-emption rights in relation to new share issues proportionate to its interest in Bacanora."More than likely they'll be an equity issue at some juncture as this extract from the RNS in the 20th May implies.By the by,the fact that Ganfeng will commit to providing project finance for Sonara of x million can't be translated into an implied BCN share price.The market capitalisation of the company and the capital outlay involved in bringing Sonara to production are two totally different things.Ganfeng have triumphed buying in to 29.9% of Bacanora at 25p.Read the statements and they have an option to further increase their stake in the Sonara project to 50% at a price determined by the Bacanora share price in the period prior to making a deal.Buying an equity interest in Sonara is one thing,the capital outlay another.
Bacanora Lithium share price data is direct from the London Stock Exchange
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