Member Info for bluegrass

Price monitoring has nothing to do with it. They tend to happen when there is a lot of activity in a fast moving market. Google the definition. Think the price is relatively stable because there is very little activity. Small automated trades can be used to control the price, but there has not really been enough of it to constitute that. These discussions are getting a bit misleading.
I for one am happy that the price is stable and slowly building.

Is it not the plan to take BCN onto the main market. When would this most likely happen?

kdnc for example

Not sure what a share consolidation would achieve. It usually seems to be a device used on shares whose value has dwindled to virtually nothing so a company can rinse and repeat.

It should.

I may be naive but I can't see anything here other than a few PI's getting panicked and being impatient. This has not been helped at all by management that seems incapable of proper communication and promotion. Can't see any evidence that significant shareholders are selling out and I can't see that they would accept a low sell out price. As many people have pointed out there is no logical reason for the current price drop, in reality the Garfeng deal should offer reassurance. This price drop is undoubtedly creating opportunities for losses and gains. I am taking the risk and sticking around.

Also not worried about current Li price. This will undoubtedly pick up as more car manufacturer's switch to ev tech. and this seems to be picking up pace. We should be thinking about the market in a couple of years time, not now. Assume Garfeng will do same. There has been a good series of articles on move towards electric cars and other ev. tech in the Telegraph business pages this week.

I may be naive but I can't see anything here other than a few PI's getting panicked and being impatient. This has not been helped at all by management that seems incapable of proper communication and promotion. Can't see any evidence that significant shareholders are selling out and I can't see that they would accept a low sell out price. As many people have pointed out there is no logical reason for the current price drop, in reality the Garfeng deal should offer reassurance. This price drop is undoubtedly creating opportunities for losses and gains. I am taking the risk and sticking around.

Also not worried about current Li price. This will undoubtedly pick up as more car manufacturer's switch to ev tech. and this seems to be picking up pace. We should be thinking about the market in a couple of years time, not now. Assume Garfeng will do same. There has been a good series of articles on move towards electric cars and other ev. tech in the Telegraph business pages this week.

Have to say I am majorly disappointed that we did not get an immediate boost when the Garfeng deal was finalised. It was all people had been talking about for weeks and when it happened there is no reaction. Immediately talk has moved back to the funding issues that had been the previous topic of concern. Expectations were high and there is now a lot of disappointment. In reality the Garfeng deal derisks BCN to a large extent and should underpin the SP. Even if we do not get an immediate boost there is now no logical reason for the SP to collapse since the Garfeng deal underpins BCN at least at this level. It is just disappointing to wait longer. Sometimes investing in AIM shares I almost expect to multibag on a share when deals are passed or issues resolved , but it does not always work that way. Sometimes shares take off for no apparent reason or on slightest rumour.

I think one of the problems with BCN is pure fatigue with the share, it is very hard to generate new excitement. I for one am quite heavily invested in BCN so will not be buying more shares what ever the news and this maybe true for a lot of BCN holders. So for the share price to go up we need to attract new holders, traders etc. Interestingly there has been no large scale selling, so it seems that our major investors are happy to hold.

What I find fascinating is that the share price averaged about 80p in the 3 year period 2015 to 2018 peaking at about £1.50 early 2018 and all this time the funding issues, partner issues and many other risks were present that have now been resolved, derisked or improved. So the SP should be at least at these levels. Why were people not fretting about funding in January 2018? It seems that most people only focus on one issue at a time.

It seems I am going to have to wait this one out till there is more clarity on the funding. This may not take as long as we think. Alternately I could sell out and try and catch a ride on some other hyped AIM share, to me this would seem quite risky strategy since I could easily loose money by making a bad choice. At least with BCN I now feel we are on some sort of pathway and have passed many major hurdles. I think for now I will stay put.

CRK22. The shares have not been gifted, they have been paid for and that money is held along with the car. Also the new owner of the shares is adding value in many other ways such as reduction in further costs involved with the running of the car and access to finance.

Happy to see a steady rise here as confidence builds and further news comes through. I think this one may have been knocked off a lot of peoples radar after many false dawns and missed targets. In the long term now Garfeng are on board this is only going to go one way despite Secker.

But JV concessions will probably not be developed for a number of year so will have no effect on current development by BCN/Gargeng. Also by then KDNC will have probably sold them to pay their directors grave train wage bill.

Zoom I see your investment in VAST is going well. Was a good call. Oh well hopefully will get some news here soon.

Would hardly say that there is a high selling volume. Volume is tiny only about £50000 traded today, both buys and sells.
Think everyone is just waiting this one out.

If I some sold here and reinvested in VAST there is one certain outcome. We would immediately get news and BCN would double in value whilst VAST would drop like a stone. I have tried this sort of thing before and its pretty much guaranteed.

and the rest.

When other battery materials are included, Evercore believes $123bn (£100bn) needs to be invested in mining to produce sufficient supplies. Without this extra cash, companies mining battery materials will sell to the highest-margin customers.

One solution is for car companies to use their scale and invest at the source of the materials, stopping them being pushed out of the competition for scarce minerals.

“Investing in mining can also bring savings by eliminating the margins earned at those facilities,” said Mr Ellinghorst.

This could bring other benefits too. Many of the materials used in batteries are mined in unstable regimes, often with questions about how they are produced. Being involved at the mining level would ease concerns about ethical sourcing of supplies.

With internal combustion engines, car companies use materials that are generally easy to source. This has meant they can rely on their networks of suppliers to drive down costs by a few percentage points each year as they compete for contracts.

However, with a limited number of suppliers of battery materials and increasing competition for them, potentially from other industries, carmakers are at the mercy of market forces. They could also face production halts if their supplier has problems as there may be no alternative sources.

Not sure you can read whole article on link, so here is relevant bit.

"Not being able to source enough rare metals and minerals may force carmakers to battle for supplies, keeping costs high and preventing electric vehicles preventing electric vehicles from going mass market.

“Global manufacturers have been quick to trot out ‘electrifying’ announcements around their future regulatory plans, but few have stopped to ask: will the supply be there?” said Arndt Ellinghorst, car industry analyst at Evercore.

He calculates that new demand – almost entirely from the car industry – will raise the total global requirement for batteries from all industries from the current 151 gigawatt hours (GWh) a year to 933GWh a year by 2025.

By comparison, electric car company Tesla’s Gigafactory 1 in Nevada has a theoretical maximum production output of 35GWh a year, but is running at about two thirds of that."

Evercore’s research suggests that in 2023, there will be a 6,000-ton annual shortfall in cobalt, rising to about 92,000 tons in 2025 as demand for the battery material rises.

Another battery material, lithium, is likely to see a 650,000-ton shortfall against a 1.9m-ton demand by 2028.

“With expectations that 10pc of the car market will be battery by 2023, there will inevitably be a shortage of raw materials unless there is $50bn-plus of investment in copper and nickel projects with cobalt as a by-product,” Mr Ellinghorst said.

Car giants face £100bn hole to power the race to deliver more electric vehicles.
https://www.telegraph.co.uk/business/2019/09/08/car-giants-face-100bn-hole-power-race-deliver-electric-vehicles/

Just like this went down on low volume, it is also going up on low volume. Hope this will fly on good news.

I'm not swallowing any information and I am on the whole pretty cynical which is precisely why I am questioning you. You want the company to be straight with investors, but you are not entirely transparent yourself.

You seem to have a very high inflated opinion of yourself. Never mind running down the company you also don't seem adverse to running other posters down.

It was a simple question. Are you invested here or not?

Well it would to me and maybe some other people bearing in mind you would be less likely to talk down your own investment unless completely crazy.