Member Info for addicknt

you haven't already seen it, the latest edition of Lithium Spot is really worth reading. It consists of various interviews with CEOs of lithium producers and goes a very long way to explaining what's really going on in the market...as opposed to what Morgan Stanley THINKS is going on.

He's done a lot of these interviews recently. Years of silence and suddenly he's all over the place. I'm afraid to say he mentioned "early Q3 " again...he's giving himself some wriggle room. Let's hope he doesn't need it.

Inbrackets...agreed. Mexico is of a totally different magnitude and although Zinnwald may eventually turn out to be and important play, it's a long way off and the company's efforts are entirely focussed on delivering at Sonora...thankfully!

inbrackets, BCN has both Asia and the EU covered, via it's interest in Zinnwald, which is nearer the German end users.

Me too.

We should not forget Zinnwald. On its own it could be as large as the SAV asset and has the advantage of being on the doorstep of German end users.

stockraider, before dismissing the hydroxide versus carbonate argument, you should bear in mind BCN have been producing battery grade product for over two years. It has undergone extensive testing with end users and the Hanwa deal is a clear indication of satisfaction with the quality. You should also be aware of where BCN sits on the cost curve in comparison to other producers; it's in the cheapest quartile and this is absolutely vital as more expensive explorers simply will not be able to compete and will never get their projects off the ground (I'm not saying SAV is in that category) Someone also mentioned dilution. Yes, it will happen, buts that's fairly obvious, mines can't be built for nothing, and it will also happen here. BCN is a long way ahead of SAV and once financing has been sorted (the next few weeks), the company will be on it's way. It is a much bigger project than SAV and the LOM is significantly greater. Also have a look at the investor base; there's hardly a single company on AIM that has anything like the level of institutional support that BCN has. SAV is an interesting situation and I'm sure it will do well,but in terms of where both companies are, BCN should be the one you invest in for now. ChameleonMan, you are right, the BCN bb is quiet (it always has been) But the fact is, the nosiest boards always relate to crap companies.

Thanks for posting this, I hadn't seen it. In fact,only last week I tried a similar side-by-side comparison as I was struggling to see why SAV's valuation is quite close to that of ours. (this is not to say I think SAV is over-valued, just that we are undervalued) I've been in and out of SAV over the years, but missed the boat on the real rise. Personally, I will hold back there until they are a bit further down the line.

Interesting. Yet again he appears 100% confident about funding...he's got two weeks to deliver on the timetable! As far as the jv is concerned he talked about it being 4 years from the start of production...2024. I also wonder if he's found a buyer for the borates.

Perhaps oilmaster would like to reflect on his post of 22.51 yesterday?

It's interesting to note that PWC's fine relating to BHS was just over twice that incurred by KPMG and yet not a single private investor lost a penny in the BHS situation and there has never been a serious suggestion of fraud being involved (I don't take Frank Field seriously on these matters and his clanging voice can be ignored) I rather suspect the FRC were responding to political pressure. Mind you, I have no issue whatsoever with useless accountants getting their arses kicked and just wish that KPMG had received a much stiffer fine.

Barksy, no you haven't missed anything. In fact, there would be no reason to issue an RNS at this stage.

These two recent incorporations MUST be an indication of an announcement soon. Otherwise, why bother?

The plot thickens!

to cut 3,000 jobs. I wonder if this company will survive? It seems to me that it's no more than 50/50. Setting up a company like this is a bit like creating a new golf course. The golden rule of golf courses is that the creator goes bust and the second or third owner will make the money. Even if it does go under,it will have no effect on the market for electric vehicles; but boy, am I glad our deal with them fell through.

According to the statement one of their misdemeanours was a failure to check that the accounts were free from material misstatement. Well, those misstatements came from someone. Oh yes, they came from the management. How on earth is the SFO taking so long to conclude it's investigation when others have already reached their conclusions?

I think the imperative will be to avoid any further dilution. If Sonora is throwing up cash at the point Zinnwald gets going, then an all debt deal may be possible. However, if as a result of accelerated debt repayment it hasn't, new lenders may want to see a further equity injection. Ultimately, it will all depend upon what the balance sheet looks like at the time.

KPMG have been fined �4.5m for their role in QPP. The partner responsible was also fined. The firm also received a severe reprimand from the FCA. About time too.

TC, a good question. I guess it depends upon the terms of the loan agreement. If the lenders demand a 'cash sweep' mechanism, it could be that surplus cash is used for accelerated debt repayment. My guess is that the company will resist this as much as possible and will want to build up a cash reserve for the development of Zinnwald. But you are right; at today's prices, debt could be redeemed far quicker.

you haven't already done so, have a look at the KDNC page and the thread started by TC. He's unearthed something which I think is of real significance and is very exciting.