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Mister c thank you for being on here and posting! There is at least some sense of balance, I mean don’t get me wrong...the only reason we’re not flying is because we are missing a positive lithium article, a positive battery article....but above all we need someone to post us that someone paid a price at or above market....never when there’s a sell though (just a buy).
We just need someone to post “45p paid” and some endless mundane article and whoosh away we go.
We’re also missing the “long term” holders that post every single day. Without them this wouldn’t be where it is now. Their insight is nothing short of amazing, nothing can go wrong why not buy more?!
Or how about the share znwd we own 50% in, is outperforming us 40-50% ytd?!
Yeah thats it - filter anyone with an alternate view to yourself - you are a genius !
johnpwh - it never goes anywhere while KDNC and EMH have done well lately - secker does nothing to promote the share and everytime you top-up its goes down ! This have been beyond 80p but with all of the the Li share popularity lately this festers in an investment swamp. This is the reality and if people dont like it tough -- I have a lot of cash here also !
Ive been here sine 2014 -- whats your definintion of LTH ?
Ahh the new couts has appeared again talking ****e again
I filtered yonks ago, complete waster. ATB
BCN will consolidate around this price for a few more months, have you never seen how the sp behaves after such a massive placing with no immediate cataclysts? It’s a completely normal phenomenon :D if you can’t hold long term this share is not for you... simples
We've been having peaks and troughs for six weeks now, each peak is higher than the last and each trough is less deep than it's predecessor. There's not a lot in it, but it is generally trending upwards. Unfortunately, if the pattern continues, we're due a drop this week! If it doesn't go lower than 41p then we're on the up.
Bottom line: Don't panic Mr Mainwaring!
all depends on where youre entry point was / is and how long you want to hold etc. Long term hold this one.
I'm frustrated but I think to call this share a dog is a bit unfair Mr C
Yeah and another rubbish day in this dog of a share !
none of the articles ever do, unless it's some scandal with testing kits like ODX or NCYT
Good article but it doesn't seem to be having much of an effect!
https://www.mining-technology.com/features/top-ten-biggest-lithium-mines/
Good find Mullins, I remain convinced this is under the radar and awaiting more signs that construction is continuing on schedule and incident free. ATB
Bacanora (LON:BCN) (market cap £139m at 42p) saw its shares take off in mid-November when the long-awaited full endorsement from China’s Ganfen Lithium – the world’s largest lithium metal producer – arrived. Having been a key cornerstone investor for the last two years, Ganfen, is moving to be a full joint venture partner with a 50% equity stake, and will lead all the mine and plant construction. With Ganfen’s investment funds received, initial site works have already started, and lithium carbonate production is now slated to begin in 2003, three years later than hoped for two years ago.
That means that all the finance (loans, equity, and take-off deals) to build a first stage plant to produce half the eventual planned 35,000 tonnes of lithium carbonate per annum has now been secured. The first stage will cost some $450m, in return for which it is estimated Sonora will earn a $1.25bn 8% NPV with a 26% IRR and an almost unlimited mine life. On that prospect, and like those of HZM at a somewhat similar stage of development, BCN’s shares look attractive for the longer term now that they have relapsed from their 65p peak.
As I say, it was probably the Ganfen deal which set off the lithium price generally. But it is not easy to pin down, because only recently has any sort of lithium price index been created. Prices are usually set confidentially for bulk deals between buyer and seller, and according to market commentators who track them, the average price throughout the year fell from about $17,000/tonne in 2018, to $8,000/tonne in 2020.
But they are now reporting an 88% increase so far in 2021 to an average of $12,635 per tonne, purportedly on market shortage, as many producers sell out of product inventory.
So, although that means the lithium price might progress from now onwards only in fits and starts, its indications of a revival in the battery minerals market generally has spurred investors towards the smaller potential suppliers of that market.
https://masterinvestor.co.uk/equities/johns-mining-journal-bacanora-lithium-and-armadale-capital/