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Who said the stock exchange is the flow of money from the impatient to the patient ? Why would anybody sell this share now, it beggars belief, hold your nerve and the returns will flow in great abundance. Minor sells seem to be keeping this share down if they stop this will fly slowly at first and then rapidly. 2 more weeks to wait for 50p minimum.
Good article on a Deutche Lithium and the white gold
Sorry, yes I was a bit over the top with the length of the tunnel. The point being though that the infrastructure needed to make Sonora operational is far less complicated than what Sirius are doing. I suppose you could also argue that once the infrastructure is in place at Sirius, then all they have to do is dig it out the ground, as apposed to all the work we have to do to process the ore.
Like I said, the two projects are not really comparable, and I hope both succeed.
I am invested in Sirius (but nowhere near as much as BCN) and it is a gamble but if it pays off it will give a very good return. The mineral transport system is not 45 miles long but 37 km long (approx 23 miles) and is being bored by three machines each boring approx 12 km each. The project is currently ahead of schedule and the contractors digging the shafts and transport tunnel are experienced in tunnelling. The loan that has to be raised is at the least risky end of high risk bonds and as long as Sirius raise the bond then it should complete the mine with few problems unless an absolutely unforeseen geological problem occurs which is unlikely as the geology of the area is well known.
China has big plans to go Electric for transport because their pollution from Coal fired power plants is so bad. So I think its the biggest Electric car market in the world. With many home produced electric cars and buses. I think I read they replaced the whole fleet of a cities buses with electric ones from BYD. Anyway they are centrally controlled and force thru whatever they want. Just see how much High speed rail they have installed in such a short period of time. And we can't even run HS2 110 miles from London to Birmingham
The reason SXX and UKOG have such big followings is down to the CPRs and media exposure in the UK. Personally I've been involved with both and thankfully now out of them. I've got a lot of friends still heavily invested in both. Word spreads quickly in the offshore oil industry about aim companies to invest in but I like cold hard facts and companies with low shares in issue. BCN could dilute to raise funds but hopefully that will not happen for us now. Happy days. GLAH
Thanks a lot!
I am not sure it’s comparable at all really. They are at similar stages in terms of project development, but that’s about it.
Sirius has to bore down a couple of miles (I think) to reach its product, then put it in an underground conveyor belt 45 miles to port. The material doesn’t require much in the way of processing, and it has the potential to process millions of tons a year.
The problem as far as I can see is the amount of capital they have to raise to complete a very difficult engineering project. I 100% want it to succeed, for our local economy, but I think it is a big gamble putting money in there. A lot of things to go wrong once they really get into the construction phase.
Contrast with Bcn, very easy open pit mine, a tiny amount needed to be raised (compared to sxx) with very little unknowns on how the lithium is going to be processed, so difficult to imagine any major cost over runs (with Gangfeng involved it’s looking highly likely that it will cost less to build than estimated. How often does that happen?)
Oh, and all of our product has been sold! Market cap a tenth of sxx. I know where my money is.
Hi all. Have heard sirius mentioned a few times on here now re its valuation. How comparable is the company to BCN? What level of resources do they have etc? What sets BCN apart from SXX? thanks a lot in advance
I agree 100% with this Sirius is nowhere at the moment and runs the risk of sinking in a death of a thousand cuts style (like KDNC) - but this is on the very cust of greatness. Shares like sirius and UKOG are to be avoided because HYPE+AIM = LOSS
I think the main difference is that sirius will potentially turn over and make more money.
However the massive market cap of that company remains a mystery to me! They have to raise a hell of a lot of money, which they are struggling to do, and the product they are selling hasn't been used on a commercial scale before.
I live quite local to that project, and there are a lot of people who have put a lot of money into the venture, with expectations of very big rewards. I think this is part of the reason why the market cap is so big, it is a well known project in the uk, not some lithium mine in sonora, mexico.
However, with the market cap been so low at bacanora, where would you put your money if you want capital growth? Especially with funding looking more likely to happen at BCN than at sxx at the moment.
giving a reference timeline upon which people could base their expectations...
it is anticipated that the final approval from safe (state administration of foreign exchange) will be received following a ganfeng board meeting to be held in the coming weeks... bacanora will provide further updates once final approval is received...
reads exactly like an indication of the anticipated minimum timeframe to get safe approvals to me... 2-weeks... ganfeng board meetings do appear to be either the last friday or the last working day of the month... which takes us to friday 30aug... ;)
one things for sure... time will tell...
Hi All, I have a very small amount of money invested in this share, which was invested a while ago.
I am trying to understand how people value mining shares like this and what people view as a good investment.
I am starting a new job within the mining sector so I will be coming across lots of various companies that operate in this sector, and it would be great to understand how everyone dissects the value of a mine like this.
My main confusion is the market cap of this share is around £50million and Sirius Minerals is around £650million, can anyone explain the drastic difference in the two share values?
I'm sorry if this is a little off topic but would be a great help, even if its a link to an external resource.
Couldn't give a monkey's whether you referred to the government's decision or not, since the last two RNSs have. Much as I enjoy and respect your (somewhat self-aggrandising ) insights, it often seems to me worth giving more attention to the actual information from Ganfeng and BCN.
This is like pushing water uphill. I haven't referred to the government decision; I'm talking about Ganfeng's own processes. Please read what I've been saying over the past 24 hours.
it is about the govenment
That's not actually what I said. This has nothing to do with the government; it's about Ganfeng's internal processes. I'm not sure I could have been any clearer.
you think that BCN should have intimate prior understanding of the machinations and timetabling of Chinese government departments? Crikey, maybe they should be in the intelligence business instead
Citizenlane, that's the point; it wasn't clear. The inclusion of the sentence concerning a board meeting, which was not mentioned when the deal signing was announced, may imply further board approval is required, and given their own recent issues, this is not an unreasonable thought.
To answer the question directly, if it is subject to further ratification, the RNS should have said so. Similarly, if it is not, then I can see no reason to mention it at all. It's not as if he was giving a reference timeline upon which people could base their expectations. It was vague and the interpretation, given the track record, could be that it was deliberately so.
not sure the board has gone wrong anywhere in recent months, of course traders love to create uncertainty to make their beer money, but the assets here argue something different and are now all but certain to get to production imho, the way I see it the pending re-rate will be a staging post to application to join main exchange, as PS has indicated, and a different range of investors, dyor
I think where the board went wrong this time was saying it would be concluded by end of July. With a long track record of setting dates and failing to meet them, you would think Secker would of given himself some breathing space. Under sell and over deliver - that's how to win people over, not the other way around. No one would of complained if he said the deal will take two months to close out.
Anyway, look forward to it being confirmed in a couple of weeks and for the share to start gathering some momentum. Expect us to be back up to our old trading range of 70-100 soon after deal completes.
out of interest, what else do you want them to communicate? The RNSs all seem perfectly clear to me. The deal with Gangfeng is all but done, just pending the timing of a board meeting. Yesterday's quotes from Gangfeng in particular cold hardly have offered a more watertight endorsement of the way this is heading. I understand there is a legacy of frustration here from last summer, but to me the board has played its hand extremely well to bring this partnership about.
Agree here with addicknt, but I am still in as the potential is very high. However very frustrated with this share and the way of communication of PS. I see people going crazy as we are at 37p... not sure if I should laugh or cry...
bluegrass, I'm not sure how long you've been following this page, but I'm assuming a fair while? If so, you'd have known that I've been one of the biggest proponents of this share since I first invested and started discussing here in December 2014.
Although, for a long time, there were only about half a dozen or so regular contributors, there was a high level of debate. People were both enthusiastic but also felt able to raise concerns without being accused of being "negative", or "de-ramping"; in other words, just as it should be.
We became frustrated at the lack of progress on funding, the lack of clarity and the failure ever to hit stated time-lines, but this has never distracted from the view that this is a great asset; this remains the case.
As I've said repeatedly, I do think the investment from Ganfeng will go ahead; I also think it's a poor deal, but recognise it was the only one available. It is also the case that a continuing funding gap exists. However, it's beyond me why you think the question I raised yesterday was "negative"...it was simply something based upon what was plain to see in the RNS. It may well be that it's a red herring, as someone said yesterday, and if that's the case, great. Equally, its inclusion must have been deliberate and it's very easy to see why it set thought processes running.
I'm sorry if my posts upset your equilibrium, but these boards exist so that people can discuss companies, warts and all. And long may that remain the case.
China are very clever in forward seeing the high demand for lithium in the near future. Ahead of the game in technology for years. It wouldn't surprise me if there were wars over the white gold the same as there was for the black. I'm astounded the UK didn't jump to finance this UK junior mining company.