Bacanora Lithium Share Discussion Threads

[don julian] 13/9/2018 18:11

I've been looking to get some Li exposure, now that the excitement has died down a bit. I've bought in to BCN today... I am hoping that for once I'm buying near the bottom! A large deposit with low cost of production... now bring on that funding (without too much dilution of course!)

[onceabroker1] 13/9/2018 17:11

Have followed BCN for a long time as I really liked the macro/megatrend story and the Sonora asset. I think the stock is massively oversold after the failed placing which must have been a kick in the goolies for LTHs. Have bought into today at 41.5p. I doubt there is any news tomorrow. I just think its an oversold bounce with some way to go...

[adobbing] 13/9/2018 17:07

Possibly financing finally agreed

[ifthecapfits] 13/9/2018 16:34

Any views of todays rise? loads of trades and a decent %age rise.

[dplewis1] 13/9/2018 14:37

Great timing pug..

[fqr714bhp] 13/9/2018 14:24

Have not been able to buy any of these all day.

So very short of stock.

[fqr714bhp] 13/9/2018 14:22

I think KDNC knew already this morning as it has been up 8% all day.
So looks like news on BCN before end of Friday.

LOL.

[fqr714bhp] 13/9/2018 14:18

Looks like funding coming up.

[backpacker] 13/9/2018 14:13

News on funding leaked?

[pugugly] 13/9/2018 10:11

Now 38p offer - Any guesses as to where fall might stop?

Could it be that the lithium supply is now heading for an over shoot?

Every mineral explorer and their dog are getting into the act

Another one to add to the growing list - Market cap $cnd 146Million



•
Strong 43-101 Resource Estimate
• 2.1 million tonnes LCE of Measured and Indicated Resource
• 878,000 tonnes LCE of Inferred Resource
• Potential upside from newly acquired land package
ROBUST ECONOMICS & PROVEN EXTRACTION METHOD
(PEA COMPLETED)
• After tax NPV(8) of US $824M

[igbertsponk] 11/9/2018 15:09

Bit of a poorly worded RNS. Basically a Director sold enough shares to exercise some options.

[ifthecapfits] 10/9/2018 09:35

Anyone heard anything on funding?

[ifthecapfits] 06/9/2018 10:56

Why, oh why didn't I sell at 1.40ish. really hacked off with this.

[gozo] 05/9/2018 19:03

Crikey...we'll be looking at the 30's soon...I didn't think it would fall this far!Glad I sold when shareprophets wrote that article a while back.....they are certainly not on the side of the average pi. Keep the faith all those still holding...we've all been there!

[adobbing] 04/9/2018 12:00

Lack of news and lack of news on funding in particular.
Also KDNC has had a torrid time lately and this morning one of its investments EMH had a positive announcement.
There are many people who are in both BCN and KDNC.
EMH is up 16% today and as a consequence KDNC is up 6% today.

[pugugly] 04/9/2018 11:35

Looks like a sell tip somewhere over the weekend -driving share price to a new one year low.
Anyone seen anything?

[casablanca4] 28/8/2018 14:17

Nice one Simon ..

[jaf111] 28/8/2018 12:37

well put.....

[simonsaid1] 28/8/2018 12:33

No market for lithium? I don't hold BCN right now (waiting to see how the financing turns out) but you're still very, very wrong.

1) If you think Tesla is the entire lithium market, or even a significant portion of it, you really don't understand the lithium industry. It's a huge industry used well beyond electric vehicles. Even within the EV category, hybrids are selling massively and virtually very major manufacturer is gearing up to rapidly increase EV and hybrid volume.

2) Bacanora have no arrangements to supply lithium to Tesla. The offtake agreement for Sonora is with Hanwa, a Japanese battery manufacturer who do not supply Tesla's batteries.

Evidently you are not familiar with the lithium industry or the companies that operate within the supply chain. I strongly advise you to go do some reading before continuing to post here.

[temmujin] 28/8/2018 11:17

well i disagree..if there is no market for lithium then BCN is toast

[simonsaid1] 28/8/2018 10:23

Nobody 'agrees' with that, because it's total bunk. This is down because of funding problems.