George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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‘Feels close ‘
Sick of hearing it
"depending on AMAPA to land first" --- as another poster has pointed out it has been nearly 2 years since the initial deal was announced ! Those of you who love KM, I love the way he is able to keep the punters on the merry-go-round, I respect the person that has sold down due to the open-ended delay we have here. In an AIM company, especially this one that does not turn revenue the longer this sort of thing goes on, the more likely they are to raise cash to pay school fees by their usual means !
Any more like that and you'll upset the locals
It’s effectively 2 years (AGM 2019) since the board stated Amapa would be transformational and did the consolidation.. Next Month will mare 1 year since the release of the RNS stating we had reached verbal agreement with the creditors..
I often wonder if some of us will be alive to see the benefits of Amapa .. I though do admire the RNS’s that Kiran releases on Amapa progress reports that provide details as if the project is ours. Unless I’m mistaken KDNC officially own nothing of the Amapa Iron ore project.
the nags are moving up the rankings yours is doing much better than mine
MLQ
Agreed time for KM to produce fruit today , not jam tomorrow.
Us LTHs have had that from days of Leningrad in the wine bar.
Desperately hoping this is done deal before another month drifts by like Plankton in mid Atlantic.
Patience my friends patience
@j2: "either order will do me - AMAPA. Sonora, Cinovec or Yangibana."
It's time again to see some fruit picking, somethings aren't priced in for sure..
maybe too many depending on AMAPA to land first and not seeing short term potential elsewhere, my last post showed a string of RNS releases concerning Sonora and Ganfeng - my expectation is they will make a move for our JV before beginning the plant construction and I doubt Bacanora are privy to what will be the final mine and processing plant:
28th May 2020
Whilst some weeks of engineering were lost, completion of the flow sheet engineering is still scheduled for Q3 2020 after which Ganfeng will provide Bacanora with an Engineering, Procurement and Construction ("EPC") style engineering proposal to produce downstream battery grade lithium products from Sonora.
1st February 2021:
Ganfeng is continuing to integrate its flow sheet for the production of battery grade lithium into the final engineering design and remains on schedule to deliver its final engineering packages to Bacanora during H1 2021. Ganfeng continues to work with its equipment suppliers to determine equipment delivery times to align with a target of first production in 2023
Followed by:
6th May 2021
The Bacanora Independent Directors and Ganfeng International Trading (Shanghai) Limited ("Ganfeng") are pleased to announce that Bacanora Lithium PLC ("Bacanora") and Ganfeng have entered into an agreement dated 6 May 2021 (the "Offer Agreement") regarding the terms of a possible cash offer by Ganfeng for the entire issued and to be issued share capital of
Ganfeng have played a blinder, has BCN seen the final engineering design?
Projects in NA not going to plan could leave a big supply shortage, Sonora ground work has started and the BCN corporate presentation shows Sonora production costs less than SA brines and Mexico having several car plants!
either order will do me - AMAPA. Sonora, Cinovec or Yangibana.
I've been doing this for 10 years lost money always or got lucky sometimes only to lose it again, only way is to pick a good stock and waiting, patience does work, up 200% so far, good luck to all but this is a done deal as it can get,
Yes, don't sell just because you are bored, only sell if something has fundamentally changed for the worse.
I have added another 20k recently.
Good luck...either way you will learn a lesson.
Ive been investing for a similar amount of time. Ive missed a ten bagger and countless 2 baggers by selling too soon and not being patient. The secret to investing is patience and good research.
I'm more tempted to add than to slice
Reluctantly cut my position in half. If it comes off incredibly well then I’ll still be very happy, I just can’t wait forever for things. Only been investing 18 months and this was one of my first, so was a bit of an emotional hold but I don’t want to get burnt. Putting my money into companies producing revenue. Good luck all!