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TSX Lithium explorer International Lithium Corp prepares to drill at Raleigh Lake
Exclusive: Hardman & Co Investor Forum - Severn Trent, Calculus Capital, Volta Finance, Residential


Bacanora Lithi. Share Chat (BCN)



Share Price: 36.00Bid: 35.00Ask: 37.00Change: 0.00 (0.00%)No Movement on Bacanora Lithi.
Spread: 2.00Spread as %: 5.71%Open: 36.00High: 37.00Low: 34.50Yesterday’s Close: 36.00


Share Discussion for Bacanora Lithi.




View all BCN Messages

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Brendy23
Posts: 377
Opinion:No Opinion
Price:27.25
RE: When to take advantage...
23 May '19
Absolutely agree with this .
 
WhichWayNow
Posts: 336
Opinion:No Opinion
Price:27.25
RE: When to take advantage...
23 May '19
The equivalent in the Oil & gas sector is a farm in by one of the majors (BP, Shell, etc.). It typically sends the SP surging. Whilst the terms are not great for LTH and there are a few weeks diligence to do, this mine will now get built. As a new holder this definitely feels like the time to build a stake.
bingo1975
Posts: 101
Opinion:No Opinion
Price:27.25
RE: When to take advantage...
23 May '19
Think you need to change your user name from "Jolly Japes Jonny" to Doom And Gloom Jony! And no just the one China, a power house of industry, who have just come on board with a big bag of cash and massive experience, industrial connections and a ready made market to sell our product to as soon as it's out of the ground.

In the short term who knows what the SP will do but in the long term owning 50% of a successful Sonora mining project, the size of Sonora, with the life span of Sonora will in the medium to long term be huge for BCN.

Zinnwald valuation in 6 weeks and this might be the final jig saw piece to confirm Sonora is fully funded.
wolfi_at
Posts: 141
Opinion:No Opinion
Price:27.25
RE: When to take advantage...
23 May '19
some more thought ...
Ganfeng wants to become world largest Li producer has a deal with vw ...
their investment in BCN (30%) opens them via Zinnwald the door to European Li resources too ... it´s a win-win situation ! BCN only owns 50% and has to pay 30M EUR for the remaining 50% till Q3 otherwise they may loose the project. IMO Ganfeng will take the other 50% and then owns 65% of this project (30% * 50% + 50%) ...
-> BCN will keep the project and it´s value
-> Ganfeng gets 65% for 30M EUR (keep in mind that FS will be finished then !!)
-> Ganfeng gets access to one of Europe larges Li resources in Germany, near VW

Also pls. keep in mind that with Ganfengs technical expertise and experience the Sonora project is de-risked not only in financial terms but also in technical implementation which will avoid a.) delays and b.) increased costs during construction phase. there are many examples ... Nearly all new projects had theses kind of problems e.g. NMX or ORE during ramp up ...
mrcautious
Posts: 3,766
Opinion:No Opinion
Price:27.25
RE: When to take advantage...
22 May '19
JJJ - Oh and I forgot to say that in BZM the context was entirely different.
mrcautious
Posts: 3,766
Opinion:No Opinion
Price:27.25
RE: When to take advantage...
22 May '19
JJJ-I probably have more directly relevant experience of the Chinese in business as I spent most of my career working for global telecoms core equipment manufacturers who now no longer exist due to Huaweii having priced them all out of the market using the cheap cost base of China and a huge helping hand from the government (both Chinese and British). However coming back on topic I cant see how this deal is unlikely to provide share price growth for us. I could be bitter about the chinese but right now I think this deal is okay for BCN.
Northseatiger1
Posts: 219
Opinion:No Opinion
Price:27.25
RE: When to take advantage...
22 May '19
And JJJ you are straight in my filter bin. You were posting under a similar alias on the UKOG (maybe) bb a while back if I remember rightly. First class pratt. Goodbye.
NST
mrcautious
Posts: 3,766
Opinion:No Opinion
Price:27.25
RE: When to take advantage...
22 May '19
I just cant understand it myself - the market must not like the tiny lack of clarity but I topped up yesterday and wish I had more free cash. I have been in BCN a long time and I think we are now in the home strait for a great ROI.
Northseatiger1
Posts: 219
Opinion:No Opinion
Price:27.25
RE: When to take advantage...
22 May '19
Totally agree. No mass dilution needed to raise funds. Half the funding from Ganfeng with expertise and extensive knowledge of this industry and BCN also get a customer to off take up to 50% of product at market price all rolled into 1. Add in Zinnwald spin off to the mix. What's not to like?
NST
Shaz247
Posts: 3,492
Opinion:No Opinion
Price:27.00
RE: When to take advantage...
22 May '19
I have no doubts myself where these are heading and so the current offer looks an incredible and overlooked opportunity and I have taken a few more. You would think the company is proposing to place 29.9% with a bucket shop as opposed to a private placement with one of the biggest lithium companies in the world, who only a few weeks back signed a supply deal with VW!
stroga
Posts: 155
Opinion:No Opinion
Price:27.00
RE: When to take advantage...
22 May '19
Well Shaz247, we all know that the share prices do not follow the human logic. As loon there are shorters and we are in a bubble phase (not signed yet), it will be like this. But I am confident it will go up, pretty soon :)
Shaz247
Posts: 3,492
Opinion:No Opinion
Price:27.00
RE: When to take advantage...
22 May '19
It is quite shocking to see this effectively stand still after a fantastic investment proposal from the Chinese. I think it opened around 31p and went towards 34p and I believe that is where it shall trend in the very short term. In fact one would have thought we would already be marching towards 40p levels in anticipation of the deal being finalised but this just shows the fickle nature of the AIM. I am still trying to figure out what is NOT to like about the proposal. It is world class!
Pilgrim1
Posts: 272
Opinion:No Opinion
Price:26.50
When to take advantage...
22 May '19
mmm.. when to throw another top up in knowing that in approx 3 weeks will send us back in to the 30's and hopefully for good...that's the question? How many more nervous PI's and traders are left to flush out?




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