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Don’t believe the Target Price from Red Cloud. BHL pay a fee for this target price and research. There maybe a conflict of interest as a result which would mean it’s not an independent valuation.
UK brokers follow strict guidelines and compliance before they can publish a valuation or target price of a company. BHL cannot be valued at this moment which also contradicts Red Cloud target price.
Same Finance Director for all of Jim Mellon companies. Clearly conflict of interest for BHL interests. He is also employed by Jim Mellons other numerous companies.
Charles Fitzroy is a muppet for Ian Stalker and Jim Mellon. He is a powerless CEO. He only does what Jim
Mellon asks him to do. I sold and reduced my substantial shareholding of 3% + because he misled me and bluntly lied regarding the 13.5p raise. Not to be trusted. Today Helium One, announced they are still incompetent because after 2 years they have failed investors and they still haven’t found a drilling contractor. Surprise, Surprise Jim Mellon and Ian Stalker involved. Clear evidence that investors get misled. Would someone ask them what they have done to recover the monies for license fees and why security measures weren’t followed. Same incompetence. Radio silence in hope investors forget.
Dear all,
We are delighted to announce that Charles FitzRoy, CEO at Bradda Head Lithium will present at our IR webinar on 25 July. The event starts at 5.55 pm and features 4 speakers including Charles. The others are ASX-listed Barton Gold, on a pathway to producing 150,000 ounces of gold per annum, Ben Turney at Kavango Resources and John Wood, CEO at Harland and Wolf who have won a UK naval sub-contract which has boosted contracted revenues to £900M. Please register here to attend:
https://us02web.zoom.us/webinar/register/9016887202807/WN_HRbwB1o6TcGMxd7uRm8Lvw
If you would like to ask Charles a question please do so here, remembering to give your full name and say who the question is for: https://www.surveymonkey.co.uk/r/6ZYPJ8N
Yes, Goldcrest. They did indeed attract US customers. I bit, unfortunately, lost out and now got out....fast! Northern Arizona and Southern Nevada is not the place...I know from living there. Neither is the Russian Federation or Africa. Heigh Ho, Mexico!
Another example of Jim Mellon. Look at Condor Gold today. He has exercised warrants at a lower level. Instant profit for him. He doesn’t care about the share price as long as he picks up his free shares along the way.
He lists companies, continuously raises money at lower levels and stops positive upward momentum. Seen it in all other of his interests including BHL. Price then declines He gives himself and CEO options and warrants at lower prices. I don’t recall CEO buying any stock at market prices. He has zero or nominal interest. They don’t care about other shareholders only themselves. Condor Gold, Argonomics, Hellium One - all the same people Jim Mellon and Ian Stalker.
You state they have delivered so far…..if they had delivered… the share price would not be where it is. The share price induces a sell off every time they deliver good results for you.
I stated sell because the market is pricing in another future raise which could be below current prices if the share price does not recover. The change in broker reflects and suggests this.
Regardless of what drill results they produce. Yes SP will go up intraday, until it is beaten down again. Until management don’t sell an asset or get a JV partner onboard. The price will continue to fall.
Canadian and OTC markets are irrelevant in volume terms for BHL at this moment. They have not attracted any interest in the US with the listing. It will be same for Canada. The listing for TSX will presumably be an outlet for their Canadian investor to dispose of their existing stock easily locally. It will not add any value for UK investors apart from being a burden in costs.
I sincerely wish you all well in your investment in this stock.
"The share SP reflects this" - but you say "Sell"?
Their drilling has delivered so far, now they just need to update on confirming their raised reserves and plans for the clay/brine opportunities.
Having £5.4m is not a strong position. This figure will deplete quickly as they continue to drill. Hence the need to raise further funds at a substantial discount in this market will be required. The SP reflects this.
No update since they lost substantial monies sending license fees to USA. No update on recovery of funds
Has anyone read today's RNS clarifying that there are no issues whatsoever with the accounts?
I've only got a very small holding left here and will tuck away in the bottom drawer under a deep layer of blankets but have no expectations at all from Bradda now ... think CEO should fall on his sword actually.
It's a shambles! I've taken a haircut and sold out as if this is how they behave you could lose your pants here.
Its impacted share price as its incredibly slack behaviour and good indication of an extremely poorly run company.
I don't understand why this impacted the share price so much. Stupid mistake = loss of confidence. Ok, embarrassing. But a 2 month reporting delay by a company not expecting revenues for several years yet shouldn't equal 18% drop in value. I guess it just shows that shares on this stock are not in sticky hands yet.
What a mess. I'm not invested so heavily that I have to stay but I feel morally obliged to put a stop loss out for a family member who I encouraged to buy in at a higher SP than I did. Really unimpressed
Agree, bit of a mess, doesn't appear material but confidence is low and this doesn't help. Could be an absolute bargain to buy into today or could be the smoke before things get toasty. There's precious little activity on the exchange here most days, is there much in Canada? If not, wonder why they're bothering listing there
It would appear to be a very foolish error . Thankfully they do not have to raise any funds in the near future at this price. How can you not know your auditor is not approved for reporting on another exchange. A buying opportunity for some but my exposure is at its top end of acceptable so won't be taking advantage.
Not many posts after 16% drop. What game are the BODs playing? Is it careless or what?
W/T/F are they doing...or is it a ploy to get the price down for folks to buy in...just so you all know at the moment i am not in
The supply chain for electric car batteries is changing the world’s geopolitics
The rising demand for electric vehicles is changing the geopolitical landscape, as the world pivots away from fossil fuels towards the materials critical to the EV supply chain. As manufacturers and countries race to secure the supply of raw materials for EV batteries, new opportunities and geopolitical risks are emerging. Benjamin Jones, Viet Nguyen-Tien, Robert Elliott and Gavin Harper write about the implications of the race for battery-critical resources.
The potential future imbalance between supply and demand is a concern. Some critical materials are used in multiple emerging technologies, and as these technologies are being rapidly adopted, the demand for these materials is growing exponentially. For example, the global demand for lithium is expected to increase by up to 89 times current demand by 2050. However, meeting this demand involves long lead times, averaging around 16.5 years according to the IEA.
https://blogs.lse.ac.uk/businessreview/2023/06/27/the-supply-chain-for-electric-car-batteries-is-changing-the-worlds-geopolitics/
China unveils US$72 billion tax break for EVs, other green cars to spur demand
https://www.channelnewsasia.com/business/china-extension-purchase-tax-break-nevs-until-end-2027-3576561
That is massive news for Lithium battery demand.
It does need good news to push the price up, but it doesn't need it today or even this week or month. They can only drill as fast as the drill rotates, so news will arrive when it arrives. If you want a fast moving stock, this isn't it, yet.
Some good news is needed to push the sp!