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Bacanora Lithi. Share Chat (BCN)



Share Price: 28.30Bid: 27.50Ask: 28.50Change: 1.55 (+5.79%)Riser - Bacanora Lithi.
Spread: 1.00Spread as %: 3.64%Open: 30.00High: 28.30Low: 28.30Yesterday’s Close: 26.75


Share Discussion for Bacanora Lithi.


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jimb2
Posts: 2,748
Opinion:Strong Buy
Price:28.30
Nice read....
Today 22:28
 
nomadicinvestor
Posts: 1,635
Opinion:No Opinion
Price:28.30
New presentation
Today 22:19
Having digested the news, I’m convinced this is as good as we could have got. If Gangeng up to 50% then they are putting over $250m or so into the project. They will bring expertise and savings both in time and cost. This is great for current shareholders.

The value this unlocks is huge and we are finally going to have a team in place that can push this forward. I’m convinced things will now start to happen. Ganfeng will have Sonora churning out as much lithium as it can and as quickly as it can. The market will settle and realise this but I hope the company ‘sell’ this to the market. We need better PR than Secker boring us over two little interviews. He just doesn’t sell the project and assumes you have knowledge of it.

Again, people should look at ECO and what Gil did over there. Very similar type deal with Total and worked completely in ECO’s favour, though they went and sold it to the market.
jam2morrow
Posts: 74
Opinion:No Opinion
Price:28.30
@researcher 1
Today 19:32
Your question re cobalt is a pertinent one. I'm not invested but I've been researching a bit. Glencore is/was the no.1 producer and listed here in UK but I can't find anyone with a uk listing whose primary business is cobalt.
There are some smaller co's listed on Toronto : Ecobalt solutions, Brixton metals corp and Li Co energy metals are three I've found. There may be some Australian co's that are listed here and have exposure thru nickel or copper mining but havn't found any yet.
Lithium is plentiful in comparison and cobalt supply could become the key to EV production.
Anybody else got any ideas for some Cobalt exposure?
suffolkpompey
Posts: 292
Opinion:No Opinion
Price:28.30
RE: Proactive interview
Today 19:02
No probs, and if you can see how this is going to pan out please do tell..!
Fukurokuju79
Posts: 598
Opinion:No Opinion
Price:28.30
RE: Proactive interview
Today 18:46
Well, hopefully as news disseminates and so on the share price can gain traction now. Certainly deserve to be higher imho.
bingo1975
Posts: 76
Opinion:No Opinion
Price:28.30
RE: Proactive interview
Today 18:02
Many thanks, makes it clearer for me. Is a little confusing when they say a separate listing, but can see how this might pan out now, thanks again.
suffolkpompey
Posts: 292
Opinion:No Opinion
Price:28.30
RE: Proactive interview
Today 17:41
Bingo... We are awaiting a feasibility study to be published concerning Zinnwald. This should see a valuation and an estimate on the costs involved in realising the value of thw asset. This should then enable the bcn price to rise as the market is then able to attribute a value to this asset, however, as there will be unknowns and risks regarding how the costs of bringing the asset into production are dealt with, the value assigned by the market will likely be lower than the true asset value until those risks and unknowns are managed.

If the zinnwald asset is then listed separately then the bcn share price should factor in whatever % of zinnwald remains under the ownership of BCN.
Newboy58
Posts: 10,802
Opinion:No Opinion
Price:28.30
RE: Proactive interview
Today 17:40
I wonder where they will float, no IPO’s in the U.K. at the moment, bloody Brexit...
researcher1
Posts: 1,759
Opinion:Strong Buy
Price:28.30
hellhound
Today 17:32
my average is 31p, having first bought at 59p and then topped up as the sp fell. The calculation then was an sp of 120p (conservative estimate) at the start of production (you can see this scenario developing if you check the charts) rising threefold as the off-take grew, provided there were no issues. We had 30% dilution at 25p today (a bit disappointing, but better than 15p) so the equivalent (diluted) price expected is now 91.5p on production (now a certainty - amazing) rising to 270p. A good medium term play.
btw, Is anyone invested in Cobalt?
bingo1975
Posts: 76
Opinion:No Opinion
Price:28.30
RE: Proactive interview
Today 17:18
Thanks Stroga, so if it a new public offering still owned by bcn, should our share price increse as this new listing sells shares?
news
Posts: 17,067
Opinion:No Opinion
Price:28.30
RE: IG UK Interview PS
Today 17:07
Just finished listening to the above with thanks.

From what I could hear: Peter Secker, CEO of BCN-
Gengfeng want to be in Sonora & Clay.
It is scaleble.
It is high quality.
MINE - 25O YEARS!! [My comment: Nice]
Cash Flow 2021

Mon, 20 May 2019
HoundofHell
Posts: 114
Opinion:No Opinion
Price:28.30
This is great news today
Today 17:01
Our Market Cap currently is a miniscule £37M add another 29.9% shares for Ganfeng at 25p and it’s still miniscule !

Secker says our % of the financing/ fund raising is all but done ,so our Market Cap can only increase by the current share price (28p) rising and substantially

So where should we be sitting £500M-£1000M ? Who knows because Sonora will be getting ramped up big style & so I think we’re onto a winner here
Northseatiger1
Posts: 202
Opinion:No Opinion
Price:28.30
RE: Proactive interview
Today 17:00
Totally agree. All you have to do is check out Ganfeng to see how many lithium companies they are invested in. They are certainly no mugs when it comes to this BUSINESS. They will speed up every aspect of BCNs needs and will also be paying market prices for our finished product. Win/win for both parties IMO.
NST
stroga
Posts: 139
Opinion:No Opinion
Price:28.30
RE: Proactive interview
Today 16:54
Hi bingo1975, it is planned to be listed separately. We saw there already a notice on the german stock market about a possible IPO. They said, they will wait for the right moment, cash wise.
bingo1975
Posts: 76
Opinion:No Opinion
Price:28.30
RE: Proactive interview
Today 16:48
Was just wondering if Zinnwald is going to be under a seperate listing, does that mean its a seperate company to BCN and therefore its valuation will not affect the BCN share price? sorry if this seems a silly question but if someone would explain that would be great. Thanks
davetherave1
Posts: 638
Opinion:No Opinion
Price:28.00
RE: Proactive interview
Today 16:24
Good summary Fuk for anyone that hasnt listened to the interview.

I think this is good news, like they always say on dragon's den...... Ganfeng have invested today, not in 2 years time when production has started. They invested at current price (or near as dammit) and as its already been pointed out many times, its not just there money we now have! They see the potential, hence why they have invested now, I dont understand why people are saying we have given it away cheaply, they paid market price at the time.

I know our SP is cheap compared to potential, but Ganfeng will help realise the potential so I'm happy to share it with them! smaller percentage of something that actually goes to production is surely better then a larger percentage of something that doesnt go anywhere
stroga
Posts: 139
Opinion:Buy
Price:28.50
IG UK Interview PS
Today 16:16
https://www.youtube.com/watch?v=Cehwgw9u980

Fresh upload, PS interview with IG UK. He looks very relaxed.
stroga
Posts: 139
Opinion:No Opinion
Price:28.50
RE: Proactive interview
Today 16:12
Thank you Fukurokuju79 for the summary.

I agree, it is not only a "bank" joining, which gives us the money. We have now a new Partner on board, that has the required experience and can bring it up to the next level. Therefore I think, the money + the experience has to be considered.
Spadger42
Posts: 869
Opinion:No Opinion
Price:28.50
How can this not be good news ?
Today 15:54
mrcautious
Posts: 3,596
Opinion:No Opinion
Price:28.50
RE: Proactive interview
Today 15:39
I think this is a fair summary of the situation - good post.
Fukurokuju79
Posts: 598
Opinion:No Opinion
Price:28.50
RE: Proactive interview
Today 15:24
Thanks. Also replace all with Ganfeng :)
Shaz247
Posts: 3,451
Opinion:No Opinion
Price:28.50
RE: Proactive interview
Today 15:22
Great summary!
Fukurokuju79
Posts: 598
Opinion:No Opinion
Price:28.50
Proactive interview
Today 15:02
https://www.proactiveinvestors.co.uk/companies/stocktube/13415/bacanora-lithium-eyes-start-of-sonora-construction-as-it-brings-in-new-partner-13415.html

Couple key points from Peter S I noted but obviously could be others:
1. 50% of the financing coming from Gangfeng.
2. Hanwa are still an offtaker alongside Gangfeng.
3. Deal only contingent on Chinese approval as any money going out china needs approval. That process is about 6 weeks.
4. Gangfeng have a team finished/finishing up a construction in Argentina and will be heading to Mexico. They believe yhey can both accelerate construction by 3-6months by getting equipment from china and also reduce capital costs.
5. Zinn feasibility will be by end June. Talking to euro offtakers. Spin off now a priority.

All in all I think this is a solid endorsement and pretty much means funding is done without what could have been stronking dilution. Its not really what they paid for the stock, its what they now have to contribute to funding and the expertise they bring etc.
Real endorsement and I am sure production with be scaled up much faster. Especially given they and Hanwa are both buying it all up.
dan1nat1
Posts: 2,150
Premium Chat Member
Opinion:No Opinion
Price:28.50
RE: SP
Today 14:58
You could say we have a bigger buyer...
JohnHenry
Posts: 4,113
Opinion:No Opinion
Price:28.50
RE: SP
Today 14:52
Large seller in the market imho.




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