Bacanora Lithium Share Discussion Threads

[temmujin] 16/7/2018 13:11

what price placing?

[c2b] 05/7/2018 15:51

A very long time before equity holders will see any return from this, if at all. The terms of this fund raising, of the fraction of the amount required, says it all. Forget the hype this is the reality.

[tommo1999] 05/7/2018 15:46

I’ve held this share for a very long time , electric car sales up , electronic devices sales up , grid storage battery sales up with Nissan bringing a new product to the market place .but when is this company going to actually sell some lithium ?

[richsawko] 05/7/2018 13:35

Compnews1, why are you always so negative with this share?

[compnews1] 05/7/2018 12:10

Libor + 8% is expensive when the project evaluation was done at 8%. Having worked with bankers and miners, I know the rate would be lower if the financier believes it is a good project. Hope they will find the remaining money to fund their development of $420mm. I would not rush in yet.

[ifthecapfits] 05/7/2018 10:54

Must say I would have thought it would have advanced more than it has on funding news. Penny not dropped yet I guess.

[djfrankie2] 05/7/2018 08:47

You cant get better news than funding sorted a nice little trickle up to new highs suits me fine.

[richsawko] 05/7/2018 08:35

Anyone's guess but last time funding was 'sorted' although it ultimate lately did not happen we went up to 150+p. Here's hoping we go there again!

[ifthecapfits] 05/7/2018 08:27

What price now that part funding is sorted.

[ifthecapfits] 05/7/2018 07:52

Libor + 8% does seem expensive, but I think this is the going rate for start up mines. They have done well to get it away IMV.

[c2b] 05/7/2018 07:51

If they need $420 + $40 how does raising $150 finance this ? Am I missing something?

[dplewis1] 05/7/2018 07:50

8% margin on the first loan is very good, especially for a bilateral. Second loan does have a big discount for a zero coupon but it's much smaller although warrants attached. Overall I think that's a very good financing package although my preference would have been for a nice syndicate of global banks. Got to be realistic though this isn't BHP or Rio.

[pugugly] 05/7/2018 07:29

Loan at 8% plus - 2nd loan looks expensive to me - Thoughts?

[ifthecapfits] 03/7/2018 10:13

Times readers buying in.

[ukgeorge] 03/7/2018 09:06

Best way to get exposure on bcn is to buy bcn.

[ntbb] 03/7/2018 08:40

Best way to get exposure on bcn is to buy cadence resources, that could be done on cfd accounts

[macarre] 02/7/2018 08:57

Motoring up following this morning's RNS.

[dplewis1] 02/7/2018 08:22

The SGRF of Oman disagree.. According to The Times they are looking to take a £50mm stake in BCN and to agree an off-take agreement. There's competition for what Bacanora have, so I'm not worried about any discount..

[pugugly] 02/7/2018 07:22

New Mexican President - Very left wing.
Financing proposal still under discussion


Question - How much of a discount will be required to get the financing away and how much EXTRA royalties will the new Mexican goverment require?

Both potentially a cloud over the share price (imo)

[jimbob31] 01/7/2018 00:53

Gulf investor joins scramble for lithiumhttp://www.thetimes.co.uk/article/bc990dc0-7c8e-11e8-952c-a7591603b619