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Yesterday 11p set at open lifted 4pm been trying for this price all week . Closed 10.7p low on chart 10.26p 3.34pm .
Spread at 6am next day 1.9%
History
Zinnwald Lithium PLC
D
12/05/2022 16:01:33 Buy 11p...55%
20/12/2021 17:17:55 Buy 14p ..70%
20/12/2021 13:40:47 Buy 15p..75%
20/12/2021 00:00:00 Buy 1048 shares Looks like given for free .
27/08/2021 13:32:40 Buy 24p..120%
03/08/2021 12:20:03 Sell 27.5p...137%
15/03/2018 12:16:42 Buy 18p....90%
I'd love to top up.... but just look at the chart year to date - there is just no positivity here whatsoever, just continually dropping like a stone since Jan. Is there any positivity out there at all re this? Or how low this is likely to go?
I’m well over 50% down but still holding. Am I stupid? Quite possibly. But the demise of the sp seems completely counter intuitive to me. Anyway, I invested what I was able and prepared to lose and I shall stand by it. Gla holders
And again at 4pm @ 10p ... 10.53% spread I see above .
At what point will we see a low ball bid for this company by someone who actually wants to mine? If someone offered 15p I suspect many investors would tear their arms off to accept.
I've said it before but what is going on with the board? What is the path to production? All I hear is that they have a mine in an established European mining area with 'green' lithium metal used by the car industry for which Germany is famous. And they 'hope' for production at the point that lithium demand grows. But where is the focus, the milestones they are aiming at. In fact where is anything substantial? Its no wonder this drifts and drifts and drifts.
What concerns me is that, as I write, any further ( by which i mean inevitable) fundraising by equity would be highly dilatative since it would probably be at 8p or less.
That's my buy in target as you correctly day no material news and possible fund raise to come imho
So are you on the sidelines uninvested here at present? Think that's the trouble, with no news investors see the potential of the market sector but, given the SP graph (everyone is a closet chartist in my opinion) no one wants to commit - so its catch 22, no one will put money in until it rises, and it wont rise until people put money in.
And as you said, need to see some form of plan to indicate that they do intend pushing the project forward, over and above posting the bleeding obvious on twitter. I think they are just hoping to attract a buyer which might be the best outcome for us.
Yes I've a large sum to invest ,what drew my attention was the article at the weekend talking about the possible potential here once proven up but by the looks of things and as you say they dragging there feet with news steady drip down I feel ,then if fund raise comes that will effectively finish my buy in as dilution are not a good thing for explorers drag things on with no direction until the board feel it's time to release anything cash burn imho but let's see
Ok, so you think they are actively hoping for a buyout? Makes sense I suppose, they know they have a potentially valuable resource and there have been buyouts in this sector (I came here initially from Bacanora). Just re read the March 2022 presentation after my 9.47 post. There is nothing in it except what they have established as reserves, how central to the European car manufacturers they are situated, even how cheap the MC is compared to rivals. Add in a recent interview with the CEO where he said that he hopes there will be development funding for lithium extraction in the same way as there has been encouragement for refuelling infrastructure and I wonder if they are proposing development at all!
If that's government funding then yes that would be a good thing or another associated with lithium it's a case of wait and see and when to take a chance to invest risk reward comes to mind
Yes Bubble, but per my earlier post I suspect that, left to Pis, a very low bid would win this
John agree with a lot what you said, they’ve actually been one of the poorest in communication, timescales, development etc and above all addressing the fact the sp is getting hammered.
Maybe it’s Secker, hammer the share price down, do a cap raise then sell it on the cheap?!
The risk reward is very decent at 10p, but until they’ve got some actual plan or news to share I’m starting to question are they actually doing anything day to day?!
Yep Foz. He's only a non exec but you reckon Secker is on rinse and repeat? I'm surprised he is still in position here as his appointment was only by virtue of BCNs shareholding, which is long gone. For some peeps the gravy train never seems to pull into the station, it just keeps on rollin' along...... to be honest I would be one of those I mentioned earlier who would be happy with a bid at the moment!
Personally, I don’t get too concerned by the drop in price as many shares and the market in general are also suffering the same. This is the nature of Aim stocks more so when there is a lack of news. Any positive news will make this rise significantly from this current 9.5-10 bottom line.
Cashflow not disagreeing with you re markets and a lot are suffering…I just think that also means positive news has a much less profound impact in these markets and as John said protecting v bidders therefore gets harder.
Getting investment from investors is harder, huge drop in IPOs this year, lack of performance on those that have come and lack of t etc…money is v sticky atm and requires a decent amount more to be captured.
Run of the mill News doesn’t just fix the sp here really needs to be material.
It now does bother me to be in any share Secker is involved with. What he did with BCN was fraud IMO. We cant prove it because we will never know what he may have got for pushing it through, but 'on paper' I see no logic to what he did with BCN.
Mr cautious,do know much about him tbh only just looked at this share
It’s actually very poor they’ve done nothing to address the share price even if it’s to release an update. The last one we had was early March about provide viability and the fact they’ve had nothing to say since then is poor imo.
Foz not good imho
Some familiar names from Bcn board , hope you are all well.
I always keep a eye on this , but I sold ages ago for 2 reasons.
1) I could also see a equity raise in the future , however didn't expect the s.p to drop as much as it had.
2) I didn't want to be involved with anything secker also had intrests in. You could say I was bitter
That said we are all here to make money , if it continues to drop at a entry point which is stupid not to even take a punt at I may be swayed. However the fact secker is involved really does put me off and any money I even consider throwing at it will only be around 10% of what I had in bacanora , where I was one of the lucky ones making some good profit.
I really did however want a long term hold in bcn and that was taking away from me. So while I see a punt here to make some cash , my long term lithium plays are elsewhere.
Good luck to all those riding it out , I do think you will be paid of at some point providing the company sees this through.
Hi Bonkers, honestly don’t blame you for clearing out anything to do with Secker! I refused to get involved in kdnc that everyone touted due to Mexico so similar vain.
I think the equity raise wouldn’t have been an issue had it not been very similar to bcn…DONE WHEN MARKET IS THERE FOR IT. Bcn did exactly this literally let the price drift down then cap raise too low. That last 45p raise was rank, it was clear that was dropped to get intuitional in on the cheap then sell to Gf.
Hi I don’t believe that’s the process here but either way they are running it equally as poorly.
I honestly don’t get some of those advising these companies or the cfos, why didn’t they cap raise back in Jan when bcn money was clearly looking for a home?
It was clear then that 22p was a strong valuation and good time to get capital in.
The prob is now This reminds me of bcn 25p days, is there a horrid capital raise coming at a rubbish valuation?
I’d have cap raised in Jan and forced gangfeng to be diluted or forced them to put cash in.
They really need to have some decent at the agm because as of right now it’s like znwd is gone in the wind, no one is interested in it. Doesn’t mean it won’t come good but it’s just a drag like bcn was.
Hey foz , for me this has to mine , lithium os turning into a very valuable asset and one that's in short supply , I have no doubt this will be mined but at what cost.
More finance
A buyout for the big guns to mine
For me its not a casr of will the asset be mined , its if zinnwald as qe know it can survive long enough to do it themselves.
With secker on board you really don't know what the case is.if they do a equity raise I will buy in , should see me in good stead on either option above
I don't think we should overestimate the influence of Secker. He is only there due to the (now historic) presence of BCN as a major shareholder. We can criticise his performance at BCN all we like but at least the project at Sonora was progressing. I expect him to be voted out at the next re-election as the justification for his position is long gone.
ZNWD is going nowhere, while the massive increase in demand for lithium is approaching fast. I agree with much of what you Bonkers but question that Lithium is in short supply. It is mines in operation that are in short supply, it is my understanding that Lithium itself is abundant in the earth. I may be wrong. I do believe that they have to start something soon else I would suggest that a takeover would be beneficial to all. The BoD on the face of it are just content to sit around drinking coffee and eating biscuits collecting fat salaries while doing otherwise apparently very little.
Happy with a take over, at what price Is the big Q, at 10p = 30M, 20p = 60m, hopefully 75M at 25pence will be the number, only takes one bidder to get the game rolling, sure others interested in owning their own Lithium mine in the middle of Europe.
Patience is a virtue,.