Member Info for Bampster

spot on Wolfi_at.
Why would you rush anything whilst you are getting paid and not really having to do anything.No action,no updates and constantly missed deadlines.Gifting a big stake to a lithium major and then doing nothing to advance the project doesn't seem like a great benefit to existing shareholders.I agree taking no salary/benefits or shares in lieu seems like the fair thing to do!

I agree with acuteperception.A 3 year delay would not harm those on the payroll here as funding for salaries bonuses etc are well covered.We need the company to assure us that matters will not be slowed as a few in here need 50p plus to break even and at age 68 I was hoping this would be my retirement 'icing on the cake'.Clear leadership and direction is needed now.

for even getting plans for construction or funding.The sp is stuck below 25p and will remain there until we get some positive news.Inept leadership that makes the government look great!!

£2000 worth .Wish I had acted last week when around 17p was available.Put off then by spread.
I think once virus crisis is over people will realise the huge reduction in pollution and there will be pressure to move quickly to EVs.

So in 1918/19 we were just getting over the worst war in history.Millions were slaughtered and the financial cost was beyond believe.Then a little pandemic kicked in and between 20 and 40 million people DIED and that was well before the days of air travel.Once the 3rd wave of the disease appeared to be waning markets shot up 50%.
Once this worst of all Chinese takeaways is under control markets will,as ever, recover and move on.Investment success favours the patient so unless all fund managers sell all their holdings in full I would suggest remaining calm.Even my little old lady clients understand this.

Yes Wolfi,buying by directors would be a good sign.The management seem incapable of saying anything that suggests an early prospect of fund raising.Yet again everything is being pushed back.It seems progress has been delegated to Ganfeng and nobody seems in any hurry to start getting the stuff out of the ground.If lithium prices are due to peak in 2030 perhaps the Board can keep delaying everything until then.Were it not for some institutional investors this company would have collapsed by now.
We seem to have attracted institutions at giveaway prices and still the sp falls.Somebody is way out of their depth and we need more capable management in charge.It is crazy that we have a world class resource and just keep delaying matters.
Pathetic,but well paid management who will probably continue getting well rewarded for failure as we die of old age!!

for £4700 worth.I am guessing that there will be enough people left on the planet when this flu thing blows over to need batteries.

I suspect once news of the Ganfeng plan for Sonora increased targets comes through this current price will be history.With M&G not just holding but adding I must assume they have looked under the bonnet and despite some inept management they think with Ganfeng on board the ship will sail.
It is so frustrating that with all the positive EV news our sp continues to stutter.Anyone know of a half-decent PR person who could sell the major component of a car battery to battery makers or the large number of EV firms ready to push ahead with huge production increases.Sounds like an almost impossible job to me(jokes)

I was meaning to post that we seem to be going down the road of Sirius Minerals and doing everything up to the final funding hurdle then Corvidae posts that there are questions over the concessions and mining licences.I would have thought that M&G and especially Ganfeng would have looked at those areas before investing?Anyway,instead of pointless tweets about how great is Lithium it may be time for some really positive updates on progress.You would think Ganfeng would be expediting the report on how to fast track the Sonora project.Perhaps some news on Zinwald might also give us a bit of cheer?

Yes I suspect all these silly small buys are some way of keeping the price around 35p.Not seen the price so stable for so many days running.Usually a placing is based on an average price over a number of days so maybe Ganfeng or M&G may be adding before good news comes out.Surely now we must get some idea of what Ganfeng's strategy is to expedite matters?

just noticed my buy of just under 15000 shares has gone through at 35p.I placed it with my Platform provider yesterday so glad the price has levelled over past 24 hours.I hope we soon see a proper re-rate now I have just shy of 100,000 shares.Breaking even at about 50p!!!

That extra investment from M&G is a game changer.Some months ago I was chatting to a fund manager following a presentation.I brought up BCN and was told that small miners are about as risky as you can get and are avoided by serious institutions.M&G are big and generally quite conservative so their follow up investment tells me that they know they are onto a winner now.Wolfi's post re Ganfeng and BMW also suggests very great days ahead now that Ganfeng are looking at building a battery plant in Sonora.Even our management will struggle to stop the sp rising from here.

well,now all the institutions are buying in at 25p and we know nothing will lift the sp until funding is sorted this is a day trader's dream.In the long run M&G have underwritten this as taking a stake in a junior miner is pretty unusual so adding to that holding is a massive endorsement.There is probably 300% upside from here once funding is settled but long term holders like me must feel very let down by the way the sp has been decimated.Even by buying more at 50p and down to 27p latest I am still down around 50% + overall.Luckily, I can afford to wait so am assuming it could be another year before funding is sorted.It must grieve a few others that when things were far less certain one,two and more years ago the sp was much higher.There seems to be only one person responsible for this and it is good to know that despite his efforts, at no financial cost to him, he will doubtless be heavily rewarded.I now expect this to stay in a range between 25 and 30p for some months with any buying around 25p to be fully protected.

MikeG
I totally agree but this is where we are and only funding completion and details are likely to shift us much above 25p.However when that happens there are no reasons why this should not start to proceed to nearer £1.

is sorted the sp will hang around the 25p level that Ganfeng paid.There seems little point in buying more unless the sp drops further.For the moment there seems no point trading this share so lets hope the market makers dont lose too much income.

I agree with addicknt regarding where were are now.I would hope that urgent and active discussions are going on to fill whatever the funding gap is now.If Ganfeng act in a way that you would expect they are currently looking at how quickly this can be brought to production.If anything I would expect a reduction in timelines and a corresponding earlier announcement on funding completion.At these levels some director buying would not go amiss!!

Hit wrong button.I meant to go on to say that I have around 80k of these shares and currently about 70% down.My aim is to sit tight and hope we get to around 90p in the next 3 years.I guess we need a lot of bad news to do that!

the bottom must be close so even if Ganfeng tried to take us out you should break even from here.I

I just hope all those piling in now at 29pish are not guaranteeing themselves a quick loss if/when,as I previously suggested, those inscrutable chinese have outplayed Mr Secker our arch strategist.I think they must have read some of the shocking body language to which I have alluded before after watching interviews themselves.It must have been really hard giving away a big stake in this company for peanuts.Thank heavens we secured the services of a top strategist!!!!

at around 25p and losses of around 75% to many long term holders like me.It always looked on the cards after the giveaway deal to Ganfeng.Once again AIM directors snatch defeat from the jaws of victory.If I am wrong I suggest Mr Secker gives us mushrooms a better explanation.Still it is good to know how AIM directors can profit from huge salaries and abysmal performance.