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My reading was stage one 50% Hanwa, 50% Ganfeng.
Stage 2 75% Ganfeng. not sure anything stated for the other 25% - But I don't think they will have any trouble finding off takers. But I expect they will have that sorted before finalising Investment in stage two.
$10000! My old Cayman wasn't that much more than that!
Will be a good day tomorrow. Can feel it in my bones....
I assume that the announced offtake agreements with Ganfeng and Hanwa are for 50% each of the entire production in the first 10 years, not of the initial production rate? If so there are no further worries about sales until 2033 if the current timetable is adhered to. Its quite a comfortable position to be in,
He said they were designing to be able to switch easily to demand for hydroxide or carbonate. I suppose only difference would be the profit as I suspect the costs if the chemical process for each means the production costs will be different.
So if it costs £100 more to produce hydroxide but sales price was £150 more you would do that. But ultimately I suppose they will provide whatever Hanwa and Ganfeng ask for as they will be taking it and delivering to their customers. That is BCN will not be selling directly to Catl, VW, Tesla, Samsung, LG Chem etc. At least at first. Maybe after they have ramped production and they haven't agreed further offtake agreements as they ramp. But as Ganfeng has a 50% share in SSL and 29% share of BCN they probably have a majority vote on any agreements made for future expansion.
But it's not a huge concern as demand will far exceed BCN production, and market share. The market will not be dominated by a single producer.
https://newsroom.porsche.com/en/2021/products/porsche-new-ebikes-sport-cross-23757.html
Hi Beevorma
Maybe I need to listen a third time! I heard him say that both could be produced but couldn't decide if that meant concurrently, so six of one and half a dozen of the other. It probably doesn't matter too much, just interested in knowing what the flexibility was.
I took away that we are in AIM until production is well established , so maybe 3 years until Main Market. I have been in several AIM shares, inevitably this question arises - I cant remember offhand it ever taking place!
I would expect they produce both hydroxide and carbonate, I didn't realise Ganfeng also have pilots plant(s) at Sonora if I understand correctly,
https://youtu.be/9QbwF23vluQ?t=1300
John he says both in the video.
More interesting is does anyone know the difference in lithium content of ion vs solid state batteries?
SSD’s are the future and getting close to reality so will need to understand if this increases or decreases demand. The bcn website only talks about being a supplier to ion manufacturers so is a bit outdated
No, don't think the paper profit would run to that at the moment.
I have a fairly early Porsche Cayman, and it is the worst car I have ever had.......in the sense that I know now I will always need a Porsche in my life! have always been a bit of a petrolhead (oh the irony being a BCN shareholder). I cycle a lot and had a nasty accident just before Christmas, just looking to get back into cycling but am suffering a lack of confidence at the moment.
Just re-watched the Crux interview. Am impressed with him as interviewer. Does anyone know whether Sonora is being designed to supply both carbonate and hydroxide concurrently or whether if is one or the other?
Was a new Porsche bike? I saw they are a bit expensive.
Sorry, am aware I just came across a bit negative.
Probably because I used to have a holding of X shares and a paper profit enough to buy a half decent second hand Porsche. Now I have a holding of 2X and enough profit to buy a bike from Halfords!
I have a large holding here and I see this as a poor performing share. All of the fundamentals seem good and the operational stuff seems good also, but this keeps sinking and sinking no matter what while EMH has been on-fire with an arguably weaker situation, I watched the video and it 'seems' upbeat but until the market thinks so this continues to fester ????
Watched it through once briefly, but will revisit. I have always given PS the benefit of the doubt, unlike some. I do get the impression (I stress, on one quick view) that this isn't an interview with the engine driver anymore. That would be a representative of Ganfeng. Not too impressed by the politicians replies about funding, I don't think it was grossly mishandled, but was mishandled to an extent. Why justify against the SP one year ago at the height of the epidemic when there were ample times prior to that when the SP was far higher?
The retail offer was pulled prematurely (£3m rather than £8 from memory) because the placing was filled spectacularly quickly (and the retail offer announced after close of business while well adjected PIs were drinking their G&Ts) - how does that not imply the underpricing of the issue and hence probably unnecessary dilution? And as for the excuse that the price rewarded long term holders in some way - give me strength.
I'm not knocking this as an investment and still plan to remain a LTH with a undiminished holding. However that is mainly because BCNs main asset is at the right stage of development, at the right place, at the right time given what is happening in the technology and politics worldwide. I am not all that enamoured with BCNs stewardship or the service it is giving its PIs, so find myself relying somewhat on the abilities and drive of Ganfeng whose prime concern is their own shareholders not me!
Start at 20 tpa, go to 50 tpa, grow 100tpa lce.
22 mins in.
Lots of positive and encouraging news. I'm looking forward with confidence this will make a good return on investment. Even if the so has dropped from 68p to 40p. It will recover as news of development milestones are reached.
PS came across in a very confident manner (best I've seen him), and the way he portrayed the future was as if the project was already in production. He genuinely looked like he had secrets to tell, but the timing was not just right (but he was busting to reveal)....lol.
It is also enlightening that he talks of listing on the main London Exchange, does anyone know if there are special SP criteria to list (like the NASDAQ requiring a minimum $5 requirement)?
New Crux investor interview out - https://www.youtube.com/watch?v=9QbwF23vluQ PS comes across OK . Also worth a read of one posters 'nthenwhat' thoughts in the comments, makes some good points