We would love to hear your thoughts about our site and services, please take our survey here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
roger - you should consider yourself lucky here as I am assuming whilst the share is frustrating you probably have a more reasonable entry price than many. I have been here for years and have averaged down over the years but still have many shares at 50p+ - 2 years is nothing compared to many holders here...
Thanks Nomad. Been in for about 2yrs now but I am new to investing. I confess to looking for a quicker profit here - not as in following the herd and getting it after a day or two - but I did not think things looked really good when I first got in and off course was delighted to see the sp hit the loft heights of 54p. That was my biggest mistake: instead of profit taking at that point I threw even more into the pot. Hey ho.
I too think this will come good but am disappointed it will take as long as now seems likely.
GLA
Good post. I can wait and agree this will be very big one day hopefully soon
Roger65 - I'm assuming your relatively new to BCN (by that I mean within the last 12 months). There was a long time BCN was my stable share, everything going well but the inevitable delays kept the share price within a range. It traded between about 75 and 90p for years and years (except minor spikes to 70 and 100). We really got done over by NextView Capital cancelling their 90m funding. Remember that funding was at 94p - the market price at the time. If it had gone ahead, along with the Hanwa and Oman Wealth Fund, then we would be in construction now and at a much higher share price.
Secker get's a lot of stick and I do think he deserves it, he fails to meet every single deadline over a five year period. Actually the only time things seemed to move quickly was with David Lenigas pushing it (but we all know how that turned out - a dummy deal with Teslea that would of killed us by selling for well below market rate and burdening us with insurmountable debt levels). NextView single handedly burst the BCN bubble and then Morgan Stanley's wildly innaccurate report to suggest electric cars/ mass storage was a thing of the future, not present, put the final nail in the financing coffin. Share price collapsed, lithium no longer riding high and funding became difficult. Ganfeng was the correct way to go. Giving away a large chunk, not going to get anywhere like the short term gains we could have, but hopefully longer term it will create a bigger asset.
We will always have an end game here - to sell Sonora in the billions. So even if current investors are diluted to 20-25%, there is huge scope for big profit in 2 - 3 years.
It's been going on for months and months. Day after day the sp is range bound to a point where it can't be traded with any significant or worthwhile margins. When ever there is a sell it's quickly snapped up but only to nudge the sp back to what it was before. Today was a perfect example. Gandalf says 'you shall not pass 23p'. Gandalf, or something like that...
Just hope it's Tesla buying up shares and that they suddenly swoop in and try to take the whole thing on. At least we'd be able to see some increased value in the sp and swift progress and visible plans to get this mine producing sooner than 2023/4.
Sadly I can't see it as Secker has laid BCN out on a slab for Ganfeng to have as its plaything. They hold all the aces now.
Watch tomorrow. Sp range 22 - 23.
I'm not a deramper. Just a cheesed off and embarrassed share holder who has made some stupid mistakes on this share.
anyone also noticed that in the last days / weeks there were many trades with higher volume in the middle between bid and ask ? IMO this is a typical sign of accumulation over a longer period ... any other explanation ?