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Tech company Mporium delivers an outstanding set of Q1 results says CEO De Groot
IronRidge Resources CEO hails spectacular lithium project and money making potential for gold


Member Info for Rocket79


Send a private message to Rocket79

Member Since: Wed, 9th Sep 2009

Number of Share Chat Posts (all time): 558
Number of Share Chat Posts (last 30 days): 10

Last Posted: 13 Apr '19


Post Distribution over the last 30 days




13 Apr '19

10.8% of company was sold at 148p. Who ever paid that price must be expecting a decent return. This is a Strong Buy at this price. Expecting a decent rise from here with an excellent dividend while I wait. Good luck all
12 Apr '19

This is a very attractive entry price. Last results were positive and a decent dividend. Will be interesting to see who bought the 10% of shares.
10 Apr '19

"With the FS at Zinnwald on course to be completed in Q2, we will soon have a first independent valuation for Zinnwald which we are confident will far outstrip our current market capitalisation. Zinnwald however is one of two lithium projects in our portfolio. In addition to Zinnwald, we are focused on completing funding for our Sonora project in Mexico in Q2 2019 with a view to commissioning an initial 17,500tpa lithium carbonate operation and commencing production in H2 2021, as we look to unlock the US$1.25 billion NPV assigned to Sonora."
29 Mar '19

Analysts at VSA Capital have a ‘buy’ rating and 115p per share price target on Bacanora Lithium shares, well above the current level of 21.75p.

In a note focused on the Zinnwald license extension, the VSA analysts said, based on the previously defined resource, they have attributed a value of £38mln for the project, using a peer-based EV/resource metric, implying 10p per share.

They said that given the proximity of the German licenses and the reported geological similarity, given historic workings for tin, tungsten and lithium across both areas, in their view there is potential for an extension of mine life to that defined in the feasibility study..

The analysts pointed out that Bacanora is planning to produce a lithium fluoride product at Zinnwald, which is one of the most valuable lithium products with recent pricing indicated at around US$22,000 per tonne and could be used by the local German chemical industry.

The VSA analysts also noted Bacanora’s comments on recent share price volatility and the changes to its register prompted by investment strategy revisions at Blackrock and Capital Group.

They said: “With this technical selling now indicated to be complete we expect stronger support for the stock ahead from a trading perspective.”

Overall, the VSA analysts think the fundamentals for Bacanora remain unchanged with Sonora remaining a highly attractive asset which is, in their view, “deeply undervalued”.
29 Mar '19

Early April Fantastic. Not long for the rerate....

With the FS at Zinnwald on course to be completed in Q2, we will soon have a first independent valuation for Zinnwald which we are confident will far outstrip our current market capitalisation. Zinnwald however is one of two lithium projects in our portfolio. In addition to Zinnwald, we are focused on completing funding for our Sonora project in Mexico in Q2 2019 with a view to commissioning an initial 17,500tpa lithium carbonate operation and commencing production in H2 2021, as we look to unlock the US$1.25 billion NPV assigned to Sonora."
27 Mar '19

Snippet from Article in FT. Interest in Lithium grows. Let's get to that 125p price target.
27 Mar '19

Lithium producer Livent is looking to acquire resources in Argentina and Australia to expand its access to raw materials to meet rising demand from electric cars, chief executive Paul Graves said.

The company, which was spun out of its parent FMC and listed on the New York Stock Exchange last year, said it was looking at low cost high quality assets in Argentina and Australia.

“We’re looking now. We’re talking to people now,” Mr Graves, a former M&A banker at Goldman Sachs, said. “A good resource is all we care about.”
25 Mar '19

125p Price Target. Good luck all
25 Mar '19

"With the FS at Zinnwald on course to be completed in Q2, we will soon have a first independent valuation for Zinnwald which we are confident will far outstrip our current market capitalisation. Zinnwald however is one of two lithium projects in our portfolio. In addition to Zinnwald, we are focused on completing funding for our Sonora project in Mexico in Q2 2019 with a view to commissioning an initial 17,500tpa lithium carbonate operation and commencing production in H2 2021, as we look to unlock the US$1.25 billion NPV assigned to Sonora."
22 Mar '19

Analysts at VSA Capital have a ‘buy’ rating and 115p per share price target on Bacanora Lithium shares, well above the current level of 21.75p.

In a note focused on the Zinnwald license extension, the VSA analysts said, based on the previously defined resource, they have attributed a value of £38mln for the project, using a peer-based EV/resource metric, implying 10p per share.

They said that given the proximity of the German licenses and the reported geological similarity, given historic workings for tin, tungsten and lithium across both areas, in their view there is potential for an extension of mine life to that defined in the feasibility study..

The analysts pointed out that Bacanora is planning to produce a lithium fluoride product at Zinnwald, which is one of the most valuable lithium products with recent pricing indicated at around US$22,000 per tonne and could be used by the local German chemical industry.

The VSA analysts also noted Bacanora’s comments on recent share price volatility and the changes to its register prompted by investment strategy revisions at Blackrock and Capital Group.

They said: “With this technical selling now indicated to be complete we expect stronger support for the stock ahead from a trading perspective.”

Overall, the VSA analysts think the fundamentals for Bacanora remain unchanged with Sonora remaining a highly attractive asset which is, in their view, “deeply undervalued”.
21 Mar '19

115p Target. They have to let this go.... Time for a top up before the fun. This is a coiled spring...
21 Mar '19

Off topic I suggest holders look at BCN Bacanora Lithium.
Undervalued with news due very soon which will be a catalyst for sp. Good luck all
20 Mar '19

The fact that $150-$180 mil from 1-3 investors is mentioned tells me the deal is advanced. Just working out who to take money from. Souther Copper must be one. Strong Buy
20 Mar '19

"After hitting heavy resistance last year in its search to raise capital, junior miner Bacanora Lithium believes the time is right to resume its hunt."4 hrs,20 Mar 2019 https://t.co/BZ18Jz24pw [" #BCN IS LOOKING TO RAISE $150-$180m FROM 1-3 INVESTORS -CITI & CANN AS BROKERS."]
20 Mar '19

"After hitting heavy resistance last year in its search to raise capital, junior miner Bacanora Lithium believes the time is right to resume its hunt."4 hrs,20 Mar 2019 https://t.co/BZ18Jz24pw [" #BCN IS LOOKING TO RAISE $150-$180m FROM 1-3 INVESTORS -CITI & CANN AS BROKERS."]
20 Mar '19

30p today?
20 Mar '19

Q2 going to be very good to us share holders.
20 Mar '19

Time for another top up at this ridiculously cheap price. Good luck all
20 Mar '19

No brainer, Zinnwald worth more than current mcap. Strong Buy
20 Mar '19

With the FS at Zinnwald on course to be completed in Q2, we will soon have a first independent valuation for Zinnwald which we are confident will far outstrip our current market capitalisation. Zinnwald however is one of two lithium projects in our portfolio. In addition to Zinnwald, we are focused on completing funding for our Sonora project in Mexico in Q2 2019 with a view to commissioning an initial 17,500tpa lithium carbonate operation and commencing production in H2 2021, as we look to unlock the US$1.25 billion NPV assigned to Sonora."


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