Member Info for Bampster

With the chinese fund pulling out we need some overall funding news very soon.We are sitting on this huge resource and with lithium demand and prices increasing you would have thought this should be in place by now.Lets hope that things dont fail at the last hurdle!

Yes graking I have been concerned after seeing TV coverage of the 'wild west' state of Mexican crime problems.It was suggested that some non-corrupt politicians have wound-up dead so with drug cartels and many unsolved shootings/murders we can only hope Bacanora can somehow deliver the goods for ordinary shareholders!

This Nextview situation looked on the cards for a while and I agree I thought there may be a conflict of interest with Hanwa.It is only funding now and with current larger shareholders on board this should get covered(excluding Cadence of course!!) I am sure the re-Dom and finance people joining is moving us closer.

at 108 and sp down

obs Well that is a good idea.It may be the only way we ever see any value from this share.I would even accept a lower sp/bid price if it stopped the gravy train.This share is now beyond a joke.BCN B.O.D please make a silly offer as you may be surprised how many 'not for profit' suckers,I mean shareholders, would go for it(not sure if the turkeys would but you could offer some large six figure salaries linked to underperformance)

addicknt Amen to that.Just posted similar on the KDNC board.They have some useful stakes but in the hands of the present management I can't see where the improvement in decision making is coming from.

So BCN are now trying to get sole AIM listing.This should have gone through before but Cadence voted against(a master plan or rank stupidity)My KDNC shareholding value has sunk(down over 80%).It seems clear to me that BCN know how to attract institutional investors and how to run a company whereas KDNC haven't a clue.Paying �1 at a time when BCN shares were much lower then selling a load at 70p when the sp was much higher is laughable/pathetic but hey we are the stupid ones standing by while this goes on.The attempted takeover and the excuse for selling off shares well below market price makes a Baldric cunning plan look feasible.Just wish when I stopped buying shares in the joke shop and adding BCN I had sold out my existing holding but I stupidly thought it could not get worse.It did and it will but I am now resigned to losing all of that 'investment'. Guess I should have ignored the apparent expert rampers who continue to plead their cause. They may having mining and accountancy qualifications but seem to have no idea how to run a successful company (for the many not the few)

So If our chinese pals are unable or unwilling to pay 90 odd pence a share to get a larger stake lets have an open offer to raise �32m.The sooner the better.There are only 130 odd million shares in issue and we are sitting on a huge supply of the new gold.Even the institutions should see the benefits of funding this once in a lifetime opportunity.Not doing so is like being a horse and cart driver being reluctant to change to a car at the start of the 20th century.

So we have just got to announce funding plans.The world is desperate for lithium.We have it in spades on site and have been producing samples for months.Surely we could be getting on with preparing for construction of a processing plant. On the other hand one or other of our oriental investors/potential customers must be in pole position to make a takeover bid at a bargain basement price.I have no doubt that the UK Institutional investors would be more than happy to agree a modest profit on their outlay with markets looking a tad 'toppy' now and they have a duty to minimise risk for their investors.Also I am sure that at least one other larger investor would welcome the chance to exit with a modest profit that would free up funds to help maintain salaries. There is also the outstanding legal dispute that would then become a problem for the new owners. Let's hope things become clearer soon!!

There are very few shares in free float.Most held by institutions and likely partners/customers/bidders.Long term holders are not likely to be playing the market so it will be stunning news of funding or takeover that will push this skywards.Sit tight it wont be long with the demand for lithium gathering pace.

is due to all the Lithium vanishing overnight.Looks like little peeps grabbing small profits.Guess we just play the long game here and have a little patience.

Well it must be peeps realising that with major institutions plus 2 major far eastern companies taking big stakes they all realise that BCN can only go one way.I think,however they are taking a contrarian view.Perhaps they are not sure what Lithium is or have a very limited attention span,or maybe they know that the horse and cart are making a comeback!!

addicknt Yes and shareholders didn't need to shame him into spending another �770k.Makes KDNC directors eventual buying look rather puny.Guess BCN haven't been in an almost permanent closed period.I struggle to see how we will ever see a decent return on KDNC.What a contrast in decision making by the leaders of these 2 companies!

Yes addicknt.Although I still have plenty of KDNC and glad that regular comments by some of us seems to have shamed the B.O.D into buying their own shares albeit in modest quantity.Hopefully BCN will eventually help drag up their sp a bit!

Well we have everything in place now.Two major holders who want our lithium plus major institutional investors Blackrock,M&G etc.Now major press articles are picking it up so only nature of funding to be sorted and I guess the oriental investors will provide. Could be onto a winner here .Good luck to all holders.So glad I started adding here instead of KDNC.

meant to add that I think we will see a pattern of buyers hoping for a lower entry but then buying anyway later in the day.A lot of things could move this quickly.Wish I had spare cash to add more while that can be done.

the downside on this share?I guess peeps selling one or two grands worth must need the money urgently.Otherwise this company will surely see a rising sp until the inevitable takeover.I would have thought a minimum 20-30% safe gain to be made in short order or serious muliples if we proceed through funding to production.This is clearly not a day traders share.

Despite the delays in the FS I remain confident that the institutional investors regard this as a solid opportunity.These sort of fund managers look very closely at smaller shares before getting involved and they seem to be staying here.You would hope that if the FS stacks up funding with or via Hanwa will materialise.Also directors seem happy to buy unlike KDNC where I see very little chance of a meaningful recovery.

It would seem that a takeover is on its way in the near future at a minimum of 30% premium to today's sp.Not sure why sp is not rising but this is AIM and the majority of punters here are not very bright(including me),I did after all believe Cadence had some real prospects and was not just a vehicle for paying huge salaries to directors for failure!!

96p paid now.Soon be reaching what KDNC paid months ago!!