Bacanora Lithium Share Discussion Threads

[rwauu] 10/6/2015 18:49

To 12b what drop??? Went higher than ever today!!! From 74 on Friday to today's high of almost 94!!!

[rwauu] 10/6/2015 18:46

I realize that Achmed is pointing some valid concerns, but wasting 1 million and some of funds is nothing. It certainly does not provide big lifestyle for managing team. So I do believe they are working on a real, rather than a paper project. Another point to be made- it is relatively safe share- buy on dips and sell when REM is buying it. REM is buying at least £300000 -400000 worth of shares every time. Permits... All mining does need permits. Mexico is relatively friendly for permits. Just google how long it takes to get any type of mining permit in UK, some other country and Mexico. Not that bad. Lithium... We will need lithium, you want that or not. At the moment people cannot grasp the consept of lithium powered cars, but when wells will run dry and all of us will drive quiet and pollution free driverless cars, then no one will be able to comprehend how the hell we managed having gas guzzlers.

[12bn12bn] 10/6/2015 12:00

MJA
Sorry, no idea.

[mr j ahmed] 10/6/2015 11:34

look how overvalued she is compared to the other litiums miners,she have 2 to 3 times more market cap than western lithiums already,but looking the risks who is proofs she is doesnt have any really value in the shares yet,even her licence is in risks because she say a third party can maybe take her because she maybe in breach of mexican laws already.




march report 2015

"The Company is a development stage mining company engaged in the identification, acquisition, exploration and development of mineral properties located in Mexico. The Company has not yet determined whether its mineral properties contain economically recoverable reserves.



"The Company has generated accumulated losses of $1,319,310 (2013 - $1,281,794) and the shareholders' equity of its subsidiaries incorporated in Mexico have decreased to an amount less than one third of their share capital which, according to Mexican laws, may be a cause for dissolving a company at the request of any interested third party.




__________________________

listing printing.

Land access to the concessions of the Magdalena Borate and Sonora Lithium Projects

Whilst a concession holder is granted certain access rights by the Mexican authorities, as referred to in
Part I of this Document, no formal access rights to the concessions of the Companyhave been obtained by Bacanora Minerals with local landowners to date. At present, the Company has informal arrangements allowing the exploration, drilling and sampling to take place. Should the land access not be allowed for whatever reason, there is a risk that the Companyâ€;™s operations could be materially adversely impacted






If the Project advances to the development stage the Company will require several
Federal and State permits including:
1. the Preventative Notice (Informe Preventivo);
2. the Environmental Impact Assessment (Manifestación de Impacto Ambiental);
3. the Risk Study (Estudio de Riesgo);
4. the Permit for Change of Land Use in Forested Area issued by the State
Delegations of Secretary of the Environment, Natural Resources and Fisheries
(SEMARNAT);
5. a PPA (Accident Prevention Program);
6. an Explosive use permit (Secretaría de la Defensa Nacional);
7. a water use permit (Comisió;n Nacional del Agua);
8. an archaeological land “liberationâ364;�, based on authorization by the Instituto
Nacional de, Antropología e Historia; and
9. a notice to the state and municipal authorities (i.e., local construction permits,
land use change, etc.).

[mr j ahmed] 10/6/2015 11:26

how many is coming owet of lock in soonest and into easiest profits? i find 15 millions for one alone,how many more is on top of this? do you knowing 12bn12bn?

[12bn12bn] 10/6/2015 11:00

MJA
My error! Total is 13,471,008 with last nights trades still to come.
Jun 8/15 10 - Acquisition in the public market 316,800 $1.78
Jun 8/15 10 - Acquisition in the public market 130,000 $1.90

[mr j ahmed] 10/6/2015 09:53

easiest profits for the ones who is coming owet of lock in soonest,she can start to dumping before the expiry lock in date and settle her sells on the 21 july if she choose to doing. how many is locked in in total,how many more millions on top of this 15 millions one alone?





Igneous now holds 15,000,000 common shares in Bacanora Minerals, representing 17.9% of the enlarged issued share capital.

Igneous has agreed that it will not dispose of any interest it holds in common shares for a period of 12 months following admission, under the lock-in agreement, as set out in the admission document on 21 July.

[mr j ahmed] 10/6/2015 09:31

how many did rem shareholders monies buy yesterday and how much monies is left is the question.

[mr j ahmed] 10/6/2015 09:29

the bottom is the total amount she bought,and above her is the ones who is doing the buying for the rem,total is 316,800 + 130,000 who is equal to the numbers rem holdings is give yesterday.




Jun 8/15 Strang 316,800 $1.78
Jun 8/15 Strang 130,000 $1.90
Jun 8/15 Morzaria 316,800 $1.78
Jun 8/15 Morzaria 130,000 $1.90
Jun 8/15 Lenigas 316,800 $1.78
Jun 8/15 Lenigas 130,000 $1.90
Jun 8/15 Fairbourn 316,800 $1.78
Jun 8/15 Fairbourn 130,000 $1.90
Jun 8/15 Rare Earth Minerals Plc 316,800 $1.78
Jun 8/15 Rare Earth Minerals Plc 130,000 $1.90

[12bn12bn] 10/6/2015 09:22

MJA
Those bought yesterday will normally be declared in Canada tomorrow or later tonight.
I'm guessing REM are getting close to 19% holdings in BCN but that is only my opinion.
Timings of RNS's and trades are out of kilter.

[andrbea] 10/6/2015 09:20

This I read on asx yesterday, not our stock, but the logic/sentiment is similar:

Lithium is the future and guess what...WE HAVE IT, and the best grades aswell. So come buy from us guys...better be quick before its all locked up in contracts ;)

[12bn12bn] 10/6/2015 09:18

Obviously all those shares bought in Cad$ are a figment of my imagination. Only just over £450k have been declared in RNS so far, a shortfall of about £1.6m. Either the directors have bought them for themselves or they have not been declared in a RNS.

[andrbea] 10/6/2015 09:18

at least one lithium tiddler did well yesterday
down under, up 42%

altura mining ltd
(AJM:Australian Stock Exchange Ltd)
Last A$0.02 AUD
Change Today +0.006 / 42.86%
Volume 25.1M
AJM On Other Exchanges

[12bn] 10/6/2015 09:12

Notice the 50k sell from 8.07 am delayed in reporting. Someone is selling here in big 50k chunks!! Is it just PIs profit taking or is it a Venture Capitalist pre-selling shares that they are about to be given?

[senttothegallows] 10/6/2015 08:56

DL the man himself said they are not buying on Canadian market.

One thing is for sure there is a sudden rush to add more BCN

[mr j ahmed] 10/6/2015 08:44

12bn12bn,this is rem buying,not directors personal holdings,we wait to seeing new holdings rns for the ones she buy yesterday next

[mr j ahmed] 10/6/2015 08:40

is the rem shareholders monies who is buying

[12bn12bn] 10/6/2015 08:04

Makes you wonder. Just under £1/2m each. I wonder where the money came from!

Total buy was worth £2,136,956

[georgeski] 10/6/2015 07:45

Well it shows DL is happy to put his own money where his mouth is.
Thanks 12bn12bn. A very positive post.

Even Kiran is buying on the open market

[12bn12bn] 10/6/2015 07:31

Who says they don't buy on the Canadian market!!!
Here are the number and prices they paid


Edit
error removed.
Jun 8/15 Rare Earth Minerals Plc 316,800 $1.78
Jun 8/15 Rare Earth Minerals Plc 130,000 $1.90

[senttothegallows] 10/6/2015 07:27

Should break through the £1 barrier this morning.

[12bn] 10/6/2015 07:25

rick124,you have to ask yourself 'why is DL buying more BCN for REM'? Could it be that BCN are going to do a BIG fund raising and DL wants the share price up first? A big Yorkville SEDA tap perhaps?

[rick124] 10/6/2015 07:17

Dropped a bit when that RNS was first released at 9 am yesterday but soon bounced back. Massive volume in Canada I would think we will see a rise here again today.

[12bn] 10/6/2015 07:01

'We know of no reason for the price rise' type RNS is ALWAYS followed by a share price DROP! BEWARE !

[12bn] 10/6/2015 07:00

er : 6228P

Bacanora Minerals Ltd

09 June 2015

Bacanora Minerals Ltd

("Bacanora" or the "Company")

Statement re Share Price Movement

The Board of Bacanora has noted the sharp increase in the Company's share price during trading in Canada last night.

The Board is not aware of any reason for the price movement. The Board will continue to work towards delivering value for all shareholders.

For further information, please contact:


Bacanora Minerals Peter Secker, CEO [e-mail]
Ltd
----------------------- ----------------------- ---------------------------
Cairn Financial
Advisers LLP, Sandy Jamieson / Liam +44 (0) 20
Nomad Murray 7148 7900
----------------------- ----------------------- ---------------------------
HD Capital Partners Philip Haydn-Slater +44 (0) 20
Ltd, Broker / Paul Dudley 3551 4870
----------------------- ----------------------- ---------------------------
Hugo de Salis / Frank
St Brides Partners, Buhagiar / Elisabeth +44 (0) 20
Financial PR Adviser Cowell 7236 1177
----------------------- ----------------------- ---------------------------

ABOUT BACANORA:

Bacanora is a Canadian and London listed minerals explorer (TSX-V: BCN and AIM: BCN). The Companyexplores and develops industrial mineral projects, with a primary focus on lithium and borates. The Company's operations are based in Hermosillo in northern Mexico and it currently has two significant projects under development in the state of Sonora. The two main assets of Bacanora are:

-- The Sonora Lithium Project, which consists of ten mining concession areas covering approximately 100 thousand hectares in the northeast of Sonora State. The Company, through drilling and exploration work to date, has established an NI 43-101 compliant Indicated Mineral Resource of 1.12 million tonnes ("Mt") of lithium carbonate equivalent ("LCE") contained in 95 Mt of clay at a Li grade of 2,200 ppm and an Inferred Mineral Resource of 6.3 Mt LCE contained in 8500 Mt of clay at a Li grade of 2,300 ppm.; and

-- The Magdalena Borate Project, covering 16,503 hectares in Sonora state, Mexico, where the Company's main borate zone, El Cajon, has an Indicated Resource (in accordance with NI 43-101) of 1.17 mt of B(2) O(3) , at an eight per cent. cut-off grade. The Company has completed a number of measures to determine the geological and commercial potential of the project and is undertaking a pre-feasibility exercise to determine the economicbenefit of developing the mine and constructing a processing plant on site in order to become a supplier of boric acid.

This information is provided by RNS