Member Info for Bampster

Agree with addicknt .The lucky recipients have a 3 year window with the main risk being that Ganfeng buy us on the cheap much sooner.I am sure Ganfeng could sort the finance very quickly when in total control so if I were them I would make a silly bid now.At least that would give me the pleasure of knowing that the clowns steering this ship would suffer like shareholders have.I have rarely seen a company with such assets oversee such a decline in both the shareprice and loss of confidence as more good news is released.Inept comes nowhere near to describing how this is handled.I bet Hanwa have written off any idea of supplying lithium batteries to Honda for 2022.I now wonder if we will have built the plant by then!

well we were all saying it just needed Ganfeng to get that approval so all 3 hurdles were cleared! Now they are the sp is back down again and the only solution seems to be a change of leadership.Communication has always been poor and after previous failures it seems clear that Mr Secker is out of his depth and we need someone with conviction and a positive and dynamic approach.Unless this happens I can see the sp being no higher as we load the first shipment of mined Lithium on the boat.Yes it seems that bad that even a stunning financial package being announced would probably make no difference.

So we are getting ever nearer to the giveaway price that Ganfeng are paying(one day,we hope).We were never told the 3 stage process for this deal so there has been confusion and a lack of confidence in what to expect.This has fuelled a gradual slump in the sp that looks set to continue.I fear that Mr Secker has no communication skills and as someone suggested will have rings run round him by our chinese friends.With proper leadership this sp would be racing towards £1 bearing in mind where we are now supposed to be at.I really feel we need someone with leadership qualities to re-instate some form of confidence here.

Agree with Bandit that our top man seems to lack something and doesn't come across well(body language etc).If the delay is solely down to Chinese red tape so be it but I do wonder if they think they can play Mr Secker.With our resources and future market needs it seems crazy not to be doing everything to advance this project urgently.If this was a well led company I would be 100% confident of the future but begin to wonder if many of us longer-term holders may be stitched up.Hope I am wrong but with 80k shares at an average cost of around 70p I would like to at least get my money back.

well there is suddenly a lot of buying since yesterday afternoon.The sp was £1.50 long before Ganfeng and other progress!

did someone really sell 80k shares at 8.28 at 34.99p when all the buys were going through at 35p?
Perhaps they are desperate for shares or more likely it was a buy?Views??

well we are close to what Ganfeng agreed to pay and clearly folks are worried that they may walk away from their bargain of the century.If you look at the Lithium Americas deal that they completed earlier this year it seems to follow the same pattern.This time BCN offers them a major stake in a lower-end cost clay deposit where samples have been being produced for over a year.It is in a significant region adjacent to US car and battery makers.What is there not for them to like,inept management that they can cure and a small royalty spat that seems to be sortable.Whilst lithium prices are currently lower than in recent times the huge demand that is around the corner seems to sit well with our likely production starting in 2021.
This vast resource is not going away,neither is the need for the product so I suggest we sit back for a week or two and hope the sp falls further so we can load up before the herd arrive.

I was thinking the same thing.The longer until a Ganfeng confirmation,the more chance of SP sliding.Also a few messages about falling Lithim prices!

looks like we are moving again,over 8% up and nearly 2 hours left.News could be any day now.

Well Kluck I have just been to Poland and suffered the effects of the falling pound against the zloty.You may be waiting a long time for the UKs problems to stabilise as it seems we are due more months or years of uncertainty if we have to beg the EU to give us unlimited extensions.You may be better biting the bullet now as once news of the Ganfeng investment hits any Brexit drag on Sterling will pale into insignificance.

Yes 'white stuff and promises' also seems appropriate.I got some more at 37p yesterday

Well there we are.The inevitable consolidation.There will be 100 times less shares in issue so when the mugs forget that our board can start some new fund raising!!This is now well past even the sickest of jokes!

Re Roger,I am not sure how his teachers pension should be a worry as they have final salary defined benefit schemes.I think he is a de-ramper unless he has a more detailed explanation.Naive questions yet detailed analysis doesn't add up!!

I agree Fu
Addiknt has great insight and comes from an investment/financial background.I am but a humble IFA although I have some insight how certain smaller companies operate.There are a lot on AIM who will never turn a profit but the directors will make lots of money themselves by various means.Some have little or no assets nor prospects of acquiring them.There is at least one mining company who have never mined a thing but appear to be a front for other things.Regulation seems very weak so it is best to stick with companies that have proven assets and hopefully capable management.Addicknt is right to question our company and how it is managed.I have been here for over 2 years and am holding.

just paid so up over 12% now!!

Another major staging post is nearing fruition.Can't see any reason why Ganfeng should go away now.It is time the SP reflected our current position.Agree about the oil companies and Wolfi's chart.Time to dig in and add at these levels.

Well if Ganfeng can't or won't complete on their deal there must be some other major player who can afford this pittance for a massive proved resource.It's like having Fort Knox and saying do you want a huge slice of this for a fraction of the value.If it was not proved or in early stage of discovery it would be a different matter.

strong similarity to Rockhopper(RKH) a few years ago and spookily it was at the point where the sp fell to around 30p that it suddenly rocketed.It was all doom and gloom as negative sentiment sent the share plummeting then suddenly it took off big time.I made a small profit more by luck than judgement but I feel the drop was manufactured at a time when all the fundamentals looked fine.
Now we have a proven resource and if Gangfeng dont snap our hands off at 25p a share there must be something terribly wrong.I suspect the Rockhopper effect so let's wait and see.I can only assume that M&G being a large institution did their own DD on this,ditto Hanwa and Ganfeng.
It is usually when real panic sets in that suddenly the sp rises strongly.If there is a real reason for the drop lets have an RNS please Mr Secker.

We need an urgent explanation of the drop.

I bought £3800 worth earlier today at 40.90 and it was shown as a sell.There were other trades around the same time at this price also showing as sells?!!