Member Info for Barksy1

I don't think the li market is static, and they haven't lost their grip. Kiran is on the steering committee of the LME so he is totally up to date on prices of metals....

https://www.miningnews.net/energy-minerals-news/news/1349970/orocobre-seeing-%E2%80%98psychology%E2%80%99-change-in-lithium-pricing

Oil price rally boosts electric car sales – Via Oilprice.com
By Harry Dacres-Dixon in Cadence Minerals (KDNC) on October 29, 2018.
Article by OilPrice.com

Tesla’s competition is about to get more crowded next year with many legacy automakers and luxury brands launching a record number of battery electric vehicles and plug-in hybrids.

All EV makers will have one common element that could help lift demand for battery vehicles—rising oil prices leading to fuel prices at four-year highs, which could turn consumers towards EVs.

To be sure, charging infrastructure and range are still key concerns in consumers’ minds regarding EVs, but utilities and major oil firms such as Shell and BP are already looking to expand the charging infrastructure, especially in Europe.

Battery pack prices have been dropping constantly this decade and are expected to continue to fall. In terms of cost comparison, some estimates point to battery pack costs becoming competitive with the internal combustion engine (ICE) cars by 2027.

Rallying oil prices, with Brent Crude topping $85 a barrel this week, come just as the number of global offerings of EVs next year is expected to rise by 20 percent to 216 models, research by Bloomberg NEF shows.

“The higher the price of oil the more tailwind we’re going to have behind electric cars,” Bloomberg quoted Carlos Ghosn, chairman of Renault and Nissan Motor, as saying at the Paris Motor Show this week.

Next year, Nissan will launch the sale of a longer-range model of its best-selling EV Leaf.

German carmakers are also jumping into the EV competition.

Mercedes-Benz unveiled last month its first all-electric model Mercedes-Benz EQC, which will be launched on the market in 2019. BMW is teasing the premiere of a new concept EV, BMW Vision iNEXT. Audi has started mass production of the Audi e-tron, the brand’s first all-electric SUV, and deliveries are scheduled to begin in the spring of 2019.

Ultra-luxury brands will also be offering electric vehicles. Aston Martin is building Rapide E with a target range of over 200 miles and projected top speed of 155 mph, with customer deliveries set for Q4 2019. Porsche is working on its first purely electric series, Taycan, and plans to invest more than US$6.9 billion (6 billion euro) in electromobility by 2022, doubling its initially planned expenditure.

While almost every carmaker out there is unveiling or planning EV models, gasoline prices are up and even after the end of the U.S. driving season, the national gas price average as of October 1 was $2.88 – a pump price not seen since mid-July.

“The last quarter of the year has kicked off with gas prices that feel more like summer than fall,” AAA spokesperson Jeanette Casselano said.

“This time of year, motorists are accustomed to seeing prices drop steadily, but due to continued global supply and demand concerns as well as very expensive summertime crude oil prices, motorists are not seeing relief at the pump.”

Whooohooo!

Just realised the says Las Perdices and the other is Los Perdices......however.....look at it, it's where we expected it to be!

I found it on this TC

http://travelingluck.com/North+America/Mexico/Sonora/_3971169_Las+Perdices.html

😂

Also this?
o Preliminary site earthworks completed resulting in downward revisions to expected overall bulk earthworks costs - due to the recently acquired plant location at Las Perdices being considerably flatter than original proposed site

Have we moved the plant site?

On google earth, put in. 29.65-109.15
You can see Los Perdices and the airstrip.

Nice 5mill share buy......

https://electrek.co/2018/10/25/vw-battery-cell-gigafactory/?fbclid=IwAR2r3OwVy8ptQvQ2uP5X2ezojpZjKqC_7LdUgQlhzcxBF2vlgwKiTmqxl1I

Two large trades delayed from this morning...

MACARTHUR MINERALS UPDATE ON DRILLING NICKEL SULPHIDE TARGETS AT MOONSHINE LAKE GILES
Macarthur Minerals Limited (TSX-V: MMS) (the “Company” or “Macarthur”) is pleased to provide an update on the progress of its drilling of high priority nickel sulphide targets at its Lake Giles project in Western Australia. The targets were derived from recent geophysical surveys using Moving Loop Electromagnetics (“MLEM”). Surveying at Moonshine successfully delineated two bedrock conductors, MC01 and MC02, with a further bedrock conductor identified at the Snark prospect.
HIGHLIGHTS
❖ 395 meters of Reverse Circulation “RC” drilling completed at Moonshine North.
❖ Both holes successfully intersected sulphide minerals at depth.
❖ Semi-massive sulphide comprising 20% pyrite/pyrrhotite was recorded over 12m in hole
18MRC002 from 185m to end of hole (“EOH”).
❖ Sulphide mineralisation open at depth with hole ending in sulphide mineralisation.
Mr. Cameron McCall, Executive Chairman of Macarthur Minerals commented: “We are excited by the results of our initial drilling that intercepted the target derived from earlier geophysical surveys. Macarthur is now interpreting the geological data obtained during drilling and has submitted the samples for assay. This will guide the next step of this program which will involve a diamond drill program to penetrate through the extent of the sulphide mineralisation.”
Nickel Targets
A Moving Loop Electromagnetic (“MLEM”) survey was conducted across three prospects at the Lake Giles project. The survey targets were derived from previous drilling and soil geochemistry data that indicated potential for nickel sulphide.
Interpretation of data was undertaken by geophysicists from Newexco Services Pty Ltd who are experts in the application of geophysical surveys for the discovery of nickel sulphide deposits. The interpretation was undertaken on the basis of detecting bedrock conductors consistent with accumulations of massive sulphides.
1. Moonshine Conductor
Strong conductance was recorded across all five lines with modelling delineating two bedrock conductors, MC01 and MC02 (Figure 1). The two conductors are both coincident with a magnetic high that is faulted and consequently both MC01 and MC02 are likely to be the same geological unit. MC01 extends over a length of 700m with MC02 extending over 650m however the source can be defined as being open to the north and south.
2. Snark Conductor
The survey at Snark identified two bedrock conductors at SC01 and SC02 (Figure 2). These conductors will be drill tested at a later stage.

https://www.asx.com.au/asxpdf/20181025/pdf/43zlk7c08ppwfw.pdf

Oh dear prophet, try this, quite a few that I know as still buying including me when I can......would you like some bicarbonate of soda ....🤢

The same Harry Dacres-Dixon of Cadence Minerals also wrote this....and there we are again

http://www.branduk.net/author/multichannel-admin/

https://beta.companieshouse.gov.uk/company/11189628/filing-history/MzIxNzQ4NzYyOWFkaXF6a2N4/document?format=pdf&download=0

Morning...
All 5 mms on .12 this morning. Have we landed finally?

Thanks Obs, got it all in there

Analysts believe that Ford and Volkswagen's alliance could be on a grander scale than the pair's possible commercial vehicle partnership, and may turn into a merger between the two companies.

Both automakers announced in June that they would evaluate vehicle co-development, starting with commercial vehicles, specifically the next iterations of the Volkswagen Krafter and Ford Transit vans. Detroit Free Press spoke to analysts who believe that more could be in the works, potentially even a merger between the two automakers.

"Ford is already flirting with joint ventures with VW," said economist Jon Gabrielsen, according to DFP. "So, the immediate question before Ford now is, does one do a difficult but orderly marriage now or wait to be forced to do a disorderly fire sale under duress later? I see millimeter steps at a time when they should be taking a massive leap."

"Ford can screw around with management layer reductions in North America and partnership in the other three regions instead of being acquired, in a desperate attempt to remain independent, but concurrently, the next auto downturn is coming," he continued. "It is just a question of how soon. But, at the pace they are moving, the downturn will hit before they are done restructuring."

Analysts cited by DFP also note that gaps in each company's model lineup could be filled by vehicles from the other and that each could lend the other a hand in markets where their partner struggles. Volkswagen Auto Group faced a difficult recovery from its diesel emissions scandal—ongoing in some other Volkswagen Auto Group marques—and has yet to recover U.S. sales volume comparable to even Kia. Ford, on the other hand, is challenged by Europe, Latin America, and Chinese markets, where Volkswagen has few problems.

"Both companies have strong and complementary positions in different commercial vehicle segments already," stated VW Commercial Vehicles board chairman, Dr. Thomas Sedran, in the automakers' joint press release in June. "To adapt to the challenging environment, it is of utmost importance to gain flexibility through alliances. This is a core element of our Volkswagen Group Strategy 2025. The potential industrial cooperation with Ford is seen as an opportunity to improve the competitiveness of both companies globally."

"I am very confident that we will have something more concrete to say about this in the coming months," Sedran added in an interview with a German publication in August, according to DFP. "However, nothing definite has been decided yet. Only when this is the case can we think about how we might be able to develop the next generations of models together."

Ford also confirmed a strategic partnership with Indian automotive group Mahindra on Wednesday, which will see the two global automakers develop and share connected vehicle solutions for use in their present and future vehicles. The announcement once again shows Ford's willingness to partner with other manufacture

Bacanora Lithium is looking to return to the London market to fund its lithium project in Mexico, following its abrupt cancellation of a $100m share sale in July due to volatile market conditions.

The Aim-listed company is looking for a cornerstone investor to help anchor the fundraising, which it needs to bring the mine into production, chief executive Peter Secker said.

“We’re talking to a number of strategic investors looking for a big brother,” he said. “We’ll go back to the market once the lithium price has stabilised and when we have someone behind us that will make the financing easier.”

Bacanora is one of a number of smaller companies looking to develop lithium mines to meet growing demand for the metal that is used in electric car batteries. Analysts predict that demand for lithium, which is also used in smartphone batteries, is expected to double by 2022.

But despite the outlook for electric cars investors have been worried about an oversupply of lithium and a drop in prices for the material in China this year. Chinese lithium prices have more than halved this year, according to analysts at Wood Mackenzie.

This month lithium producers Ganfeng Lithium and Livent raised less than they expected in initial public offerings in Hong Kong and New York, in a sign that investors remain cautious on the sector.

Bacanora needs $460m to build its Sonora open pit mine in northern Mexico but has so far only secured $240m, in a mix of debt and $90m conditional investment by Japanese trading company Hanwa and the Sultanate of Oman.

Mr Secker said even though domestic Chinese lithium prices had fallen, global prices for battery-grade lithium had held up at around $13,000 a tonne. Bacanora says it can produce lithium at $4,000 a tonne, according to its feasibility study.

“The demand is still strong for battery-grade material,” Mr Secker said. “Some of the announcements from BMW and Volkswagen show they are moving down the electrification track much quicker than expected.”

Bacanora also has a 50 per cent interest in the Zinnwald lithium project near Dresden in Germany.

Shares in Bacanora have fallen by 71 per cent this year to trade at 31.5p

https://www.ft.com/content/e4252294-d2e1-11e8-a9f2-7574db66bcd5

Cadence is a global investor and cornerstone partner in the discovery and development of lithium deposits that will fuel our greener tomorrow.