Member Info for bluegrass

To avoid confusion that was for Taff.

Really plugging this line now aren't you. Seems like you've enjoyed a bit of a rise, sold your shares and now hoping to buy back in lower again. Or you may miss the boat. Lets see.

"The electric revolution on the roads of the world is starting. In the headquarters of many car companies, the slow farewell to the combustion engine has long since been decided. Depending on the underlying scenario, the International Energy Agency expects to market 125 million to 220 million passenger cars and light commercial vehicles worldwide in 2030, either with a pure battery drive or plug-in hybrid technology.

By comparison, at the beginning of 2019, only 5.6 million electrified vehicles were on the road worldwide. The number is rising rapidly in the future, and thus raises an urgent question: All these vehicles will have a lithium battery. But are the global lithium reserves sufficient for the predicted boom in electric cars?

"The dynamic development of electromobility can lead to temporary bottlenecks for individual raw materials," warns Matthias Buchert from the Öko-Institut Darmstadt. Also the Fraunhofer Institute for Systems and Innovation Research"

Google translate works fine but I can only access the beginning of the article.

Agreed this whole discussion is pretty much irrelevant because Hanwa are the agreed offtake partner and have agreed to take all of the first phase of production. This is the deal that will help get the mine financed. Any future development in production techniques, products and customers are all plus plus.

Yes I still can't get my head around this. I was querying this yesterday and it appears they still need to get the funding sorted like us. We know that's the tricky bit and the result on the share price here. I sold nearly all my kdnc shares a long time ago putting a lot into bcn. I certainly will not be selling up to buy kdnc on a spike.

Does the offtake and project financing for Macarthur Minerals have any similarities with the situation here? I did not really understand from the kdnc RNS what they are proposing. How are they doing the project finance and is this a useful model for BCN. Just shows what can happen when you get some major news and the speed at which things can change. Will not be selling my BCN shares.

Doesn't look so strong to me. Virtually no activity at all.

Have the 20,624, 553 new shares been added to the register yet? The RNS indicated on or about 2nd Nov.

I agree you could do that, also with the value of the project, the SP could be considered a bargain. However in the short term that does not help me decide where the SP is heading. No one likes to buy shares and then for them to be immediately devalued, what ever the long term prospects. This could end up at 60p next week or back at 31p. The share price is going to bounce around on sentiment until we get some news on funding or on how the project can be taken forward.

Hopefully you are right about buying and tucking shares away. Trouble is how do you know if its a dip. We are half way between the recent high of 58p and the recent low of 31p.

A nice bounce today. But will it hold? Volume still low. Feel I should have put some more in this morning as well now the price has risen, but didn't. Still don't feel brave enough since price could just as easily swing down again.

is as good

Ok, fine let drop it. The SP is consolidating at moment after steep rise, your guess I as good as mine when this will finish. I am not quite brave enough to put more money in yet. The only thing that will stop the price bouncing around now is some real news. The price dropped to nearly 30p a while ago on sentiment and rose again to nearly 60p on sentiment. In the mean time it could go anywhere.

Not that it matters and I don't want to argue about it any more, but I think the share has consolidated more like I describe and you put me down for not understanding the market.

Stroga your comment to me about not understanding the market seem a little wide of the mark now. Maybe you should not be so dismissive of other peoples views when they do not match your own opinions.

Stroga just my opinion, I may be wrong. I am sure it will rise again but probably not much more without news. I agree with you about the break, but think it will consolidate a bit more before rising. The volume has dropped off and I think a few will start to book some profits now the SP has levelled.

Agreed don't think this is going much higher without news. Volume has dropped right off. Have taken a few out to consolidate my own position.

If the funding question is solved the price will be a lot higher than this. If the recent activity was due to traders I think more would be taking profit by now.

Does todays RNS relate to the recent issue of options or are those still to come live tomorrow?

I was assuming that some of the selling last week was employees selling shares they may have already had from previous options to pay for the new options. This would negate the need for some to sell more. Have not been in this share for that long so am not sure if this is a valid argument.