Share Name Share Symbol Market Type Share ISIN Share Description
Bacanora Lithi. LSE:BCN London Ordinary Share GB00BD20C246 ORDS 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.25p +0.80% 31.50p 31.00p 32.00p 31.50p 31.00p 31.25p 58,501 10:14:55
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -9.7 -6.8 - 42.32

Bacanora Lithi. Share Discussion Threads

Showing 4201 to 4223 of 4225 messages
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DateSubjectAuthorDiscuss
16/10/2018
17:34
Thanks for that red rook, it is a pity they cannot communicate that secret information to the share owners i.e. Sold or Bought. Anyway thanks to your kind answer I have sold my shares at a small loss and swapped the proceeds into RedX. regards Brian
nilla159
16/10/2018
10:46
Until finance and it's terms is sorted , value here should be around fast depleting cash , so needs to settle at around 10/12 pence , if they leave it to late penny share status is on the horizon .
jotoha2
16/10/2018
09:54
@Pug - it may depend more on consumer co's assessment of likely market price (or rather, demand) over that period. Feels very much like they'll go for some sort of offtake financing a la SXX, over an equity raise, IMO. The worst-case for me would be a very high interest bond or a very unfavourable (to current shareholders) convertible.
spectoacc
16/10/2018
09:44
According to Canaccord this morning need an extra $220m (note USD NOT STERLING) for phase 1 but I have not double checked figures - I still however consider a high cost producer -v- brine So success or failure will very much depend on Lithium demand in period 2021 - 2025 and the then market price-
pugugly
16/10/2018
09:32
nilla159, If you check BCN's Significant Shareholders List(>3%), recently updated on 1 October 2018, you will see that Cadence Minerals Plc had 9,960,000 shares, which represents a 7.4% holding. Now they have 9,350,000 (6.95%), so have obviously sold some ! hTTp://www.bacanoralithium.com/investor-relations/restricted-aim-rule-26/
red rook
16/10/2018
08:26
Please could anybody tell me if cadence minerals bought some shares or sold some shares. How is it possible to issue an RNS to make it so incomprehensible to shareholders. This is a perfect example of keeping us in the dark. Perhaps these people could help in the Brexit negotiations and bring clarity to the table.
nilla159
16/10/2018
06:48
Seems more likely they'll (have to) go for non-equity fundraising - question is whether they can get it, and on what terms. A lot of upside if things go right; 33p of downside if they don't ;)
spectoacc
15/10/2018
22:04
They need $220m to complete funding for stage 1, not sure how you got £500m, or your 15p 50% discounted rights issue which would be corporate suicide and would never fly. They would delay into 2021 and let the stock price recover before that, remember they postponed a placing when this was around 60p due to reaction and lack of appetite
rimau1
15/10/2018
17:52
Like your optimism here , but this company will need to sort out its funding requirement , they will need cash within 6 months , plus £500 million + to get the project moving , initial fund raising around 15p for starters.
jotoha2
15/10/2018
08:23
I always like it when CEO’s reference the “huge” disconnect between market cap and value, I think this has fallen far enough and have taken a position. Funding issues are priced in and even if they put up the for sale sign the value will come out one way or the other. Like any small cap resource company, funding just needs a huge amount of patience and a small leap of faith.
rimau1
11/10/2018
12:14
wtf happened here? last time i looked in was the funding rns 5jul...
wrtmf
09/10/2018
08:53
3,926 posts on this thread and not a single one when BCN release an RNS. A good sign - in for a few. Plenty of uncertainties around - Lithium price, demand, funding, extraction cost - but more of that is priced in than there used to be IMO.
spectoacc
08/10/2018
15:32
We will see who is right.
fqr714bhp
08/10/2018
14:58
FQR714BHP: Way out of line (imo) might be lucky to get 90p - Have you read the link in 3918 above - they look to be a realitivly high cost producer.
pugugly
08/10/2018
12:10
I have a feeling that there is an all out bid on the cards here before end 2018. My guess is at @ £3 that would value BCN at @ £410 million. A fair price. IMHO.
fqr714bhp
08/10/2018
10:56
Could be - it has fallen a long way. But if we get a funding RNS.........
ifthecapfits
05/10/2018
19:36
Dead cat bounce?
rossowheels
05/10/2018
15:51
Bloody hell it is finally going up? was 30p the bottom??? can we see 40p+ again??? LOL.
fqr714bhp
03/10/2018
09:37
Could be that estimates show they may be a relativly high high cost producer at the cash cost level See https://www.linkedin.com/pulse/lithium-producer-cost-curves-2017-michael-langford
pugugly
03/10/2018
09:09
presumably its just the fact that the price of lithium itself is falling?
hybrasil
02/10/2018
16:28
Sea of RED today - Surprised price has held up so well - Next downside target ??
pugugly
02/10/2018
08:35
Not sure what BCN could do about that though, unless they knew of course, which I suspect they may not. Be good to get an update on Sonora later this month. Why, oh why didn't I sell at 140.
ifthecapfits
02/10/2018
07:30
Looks like the executors of Colin Orr-Ewing(the former Chairman) have failed to make the relevant disclosures. Doesn't look good. Looks like the regulator is helping clamp down on non disclosure of AIM stocks.eg Lanstead and FRR last week.
chillpill
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