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1.85p-- the lowest price for the year. What a dog this is turning out to be.
Hm, the board silence is long and painful. That's not a bad thing unnecessarily. So, I just keep quietly averaging down. Please Santa, tell me I am doing the right thing. Good evening all.
As mentioned in the video interview. This could be huge.
https://corporate.exxonmobil.com/what-we-do/delivering-industrial-solutions/lithium
It all sounds great to me. Happy to hold and keep accumulating at this bargain price.
No there weren't. One trade cancelled out the other, as per the minus sign next to one of the identical sized trades.
The presentation and Q&A is available to watch at:
https://www.investormeetcompany.com/
Read the presentation, it's all very good stuff!
Three Li-deposit types; pegmatite, sedimentary (clay), and brine
All 100% ownedprojects, Western USA, proximal to end users
Strategy to bridge lithium supply gap for USA domestic users with low carbon footprint
Well funded to mid-2024 with US$3.5m in treasury, durability in tough markets and a clear vision to an additional US$3.0M due when we reach 2.5MT of LCE on Basin (+/-Wickieup)
https://www.braddaheadltd.com/investors#Presentations
Hmmmm. Either a distressed seller or in the know.
Very true :) I've had this stock for so long now, just wish we'd see some action soon :)
I feel your frustration. But, remember this is early explorer stock. Park it into your 'long term draw' and don't expect 'action'. That's the path to loosing the money. Patience.
This has to be the worst stock I've ever brought. Never any action, just a boring, pointless stock.
Nice RNS, going forward.
I still believe that lithium is a good play long term, just not as comfortable as I was that BHL will see the finish line. That said if the figures are correct, and I believe they are, at some point I think the resource could be aquired by another company. The fact remains it is in a good location geographically and politically. Unfortunately I have just lost faith in the development team, and once that happens I know I tend to look for reasons to leave rather than stay.
Among other staocks I hold a decent amount of RIO, which is a lithium lite play as most of their revenue comes from other metals. Thankfully I have held them for a good few years, so have them at a reasonable price. As with all miners that I am aware of they are cyclical stocks.
I think it would be more of a shock than a surprise !! Anyway fingers crossed that it will rise -- at least to 5.2p so I can kick it into touch .
I do hold two other lithium heavy stocks, but thankfully both are on track to produce next year, although I'm currently still down on one of them with a £11.1k stake and about even with the other with a £92.5k stake. I doubt either will be life changing but I am optimistic that both should provide a decent return.
Jockrock, I'm sorry you are down, it may well surprise us both and move up, or become part of some jv with hopefully a little more drive.
The trouble is that Lithium isn't particularly scarce in the ground, its getting it out at a profit thats trickey.
Unfortunately , Paul, I bought 250,000 shares at a cost of £13075. They're presently worth £5000 so a lot of catching up to do. Should I ever get my dosh back, I will never, ever, invest in a concern that has Mellon involved. He's involved in Webis as well and that's on its way down the swanney. Someone also mentioned he's involved in a gold mine too, also gone walkabout. Ah well, we all live and learn, sometimes the hard way !!
I became a little concerned when Charles FitzRoy left the team in August, only shortly before that he had been saying how great a resource BHL had, if it was all looking so good why did he move on.
Jockrock
I must agree, thankfully I only have £1.7k tied to this, my intention was to open this small position, monitor the stock and increase my holding substantially when I could see a clear path to production. Unless something changes I will probably exit next year.
Paul --- bought this dog share at 5.2p on the advice of a multitude of brokers , mainly because Mellon was involved. I'm 62% down. Not a happy chappy to say the least . Hopefully it will get back to what I paid next year . I will then dispose of them. Can't see any future in this.
While I hope you are correct, I cannot see any huge upside in the short to medium term.
Lots of jam in the cupboard for tomorrow.
Again I raise the question, how big a resource do BHL require before moving at pace towards construction?
Currently I'm just looking at a stock that not long ago was 13p+, and is now around 2p. Thats 85% and change down, and in that time at least one key figure in the has moved on to fresh fields for no really tangible reason.
On these grades and size of resource the share price should be many multiples of this level. God huge upside. The company has cash, is in a great country. Little downside risk now. More royalties to come and as it seems more upgrades in resource size. These are a real gem. The best company out there for huge gains. Strong buy from me.
Interesting BHL twitter feed yesterday.
Report on oil companies using their rigs to drill for brine, then the updated October presentation showing Wilson and Eureka drilling in Q1 2024.
JV on cards? Would be good to get that off the ground or they’ll never get drilled without a substantial raise.
Inferred Mineral Resource, for an updated total LCE content of 1.0 Mt and and an increase in grades? This company can do not wrong. More royalties coming in and more resources are found.
This is a hidden gem of a share. Massive upside