Member Info for BorderBob

I bought in February, so now people at least know something about me because if it was for a quick flip I'm more prescient than they are.

Someone bought 900 shares at 60p when the market opened this morning. That’s about enough to buy a one-way ticket from London to either Mexico City or Shenzhen. But perhaps this inspired a trade of 50,000 shares, less than 15 minutes later, at 59.30. Then the price quickly leveled off at 59 or less.

That forest of evergreens with a river flowing through it is certainly a more attractive background than the desolate Sonora desert where Pancho Villa once roamed. But what’s with the list of “Significant Shareholders” on Page 3? It includes Igneous Capital at 1.81% and D&A Income at 1.23%. But we have known for quite some time that Credit Agricole has been accumulating a position. On June 30 they filed an 8.3 to report 8.7 million shares, representing 2.28% of the total.

Is there a reason BCN managers don’t want to talk about Credit Agricole? Or did they just put as little thought into their reporting effort here as they did into starting to deal with Ganfeng years ago?

I am amused by people who attack me for who I am, even though they are as clueless about that as they are about Mexican mining with a Chinese partner; and not for what I say, because they can't refute any facts. I stay because I'm fascinated by those who start believing their own fantasies. "NPV8 of $1.25 Billion"? I like the Crux approach, "Why Technical Mining Reports are Inaccurate" for example. Whatever happened to that interview Dee was going to do with them last week?

@thompson 123 "If he bought this share to make a quick buck why does he continually knock it."

There are greedy b****rds, and then there are those like me who are happy either with a long-term 100% gain or a short-term 30% gain. Also, I don't hallucinate.

Or, 25K bought at a price acceptably low enough, and 2.7M sold at price the seller had wanted. Trades are like coins, you can't have heads without tails.

@thompson123 Where have I ever said that lithium has no strategic importance? I might have made fun of the befuddled who call it a "rare earth," and I have certainly pointed out that other minerals have more critical supply chains. Being strategic, and being in short supply, are different. Lithium was just as strategic back when it was selling at half the price, and there will still be an adequate supply if the price doubles before production is increased. What BCN might supply for that demand is drop in the bucket, if you believe what you tout. But none are so blind, as those who will not see.

@dan1nat1 Say what you want, but learn the difference between there and their

@dee " yet claims he holds a stake, and doesn't know what to do with it. They both operate under pseudonyms because they clearly have hidden agendas."

When I remember I always mark "Hold", which is more than what most other people here do. You had to give up your anonymity, after starting your campaign with an anonymous proton email address, so you could hype BCN on Seeking Alpha and give your side of the story to some clueless journalists. I'm not bothered by all the other anonymous posters here but given their slanderous attacks I am not going to risk a wider attack. I mostly just feel sorry for them. BCN is the only AIM stock I hold, so why is it so nefarious that it's the only one on which I comment?

With two trades this afternoon of 625,000 shares at 59p, why would buyers want to pay more if sellers are willing to accept that much?

@Puzzletree "All the fuss about this being a UK company."

I have asked how many of the directors and employees are British. So far, no answer. It's like that Bradda Head company, trying to get listed on AIM, headquartered in the BVI with offices on the Isle of Man, owning a US company developing projects in the southwest US in the same lithium belt that runs from northern Nevada to middle-of-nowhere Sonora.

No answers yet, on BCN nationality.

Slander me as much as you want -- it just shows the journalists who follow this story what kind of people are supporting BCN. And yes, I know how to contact them as well as you do.

This is propaganda from the Institute for Energy Research, funded by the petrochemical billionaire right-wing Koch brothers. Its president was formerly Director of Public Relations Policy at the infamous Enron.

Koch and his late brother were largely involved in shaping the country’s response to climate change. Through Americans for Prosperity, they got over 400 members of Congress to sign a pledge to vote against climate change legislation that does not include equivalent tax cuts. In California, they were influential in rolling back emission regulations, and between 1997 and 2018 they spent $145,555,197 financing nearly 100 groups that attacked climate change science.

How much lithium in an EV battery? I have found estimates of from 10kg to 63kg, so let’s use 100kg just to be sure. That much lithium costs about $1,500 now, so triple the price and you need another $3,000 and a 10% increase in vehicle cost. Might have to take out the lumbar adjustments for the passenger seat.

I have always thought of Australia as a hostile nation, the way they treated their indigenous population. Almost as poorly as Canada, where Bacanora was born. And you have Secker, with both Australian and Canadian roots. Australia could throw a monkey wrench (that’s American for spanner) in China’s EV industry, by refusing to export all its lithium ore to them.

The Chinese are good with rocks but I doubt they can work with clay until they steal some technology. As pointed out at AGM Q&A, lithium is found on every continent. (They were afraid to mention the sea-water potential.)

Lithium could triple in price, or it could sell for a third of its present cost in a few years. There is history of the price dropping by that much. Lithium is not a rare earth (did you hear the one about the British parliamentarian who called silicone a rare earth?). But there are some rare-earth elements for which we should be concerned.

Loses something in the translation. "He" is really "She."
I stopped posting for a few days because of another trip that didn't take me to Sonora, but near the Salton Sea where most North American lithium will be produced in a few years. Like another regular here, I don't post from a phone.

You may be right. I'm just expecting the fluctuations to narrow as the deal closing date approaches (absent any static from rumoured w**** knights). I'm not following the price in pence anyway; in dollar terms, a rising price on your side of the Atlantic can translate into a falling price on mine.

Time to stop tossing around the word derisory and start calling some opinions what they are, delusional. An offer is made to buy shares for 67.5p that are trading at 45p. After months for the market to evaluate the company's prospects, they trade at 59p, a significant discount to the offer price. BCN is worth what others are willing to pay for it. No one wants to buy it at your price, and unlike the Chinese you don’t have the funds to buy more.

And of course it also looks like someone else is reducing a stake.

BCN may fluctuate between 58 and 60 this month, 60 and 62 in August, and 62 and 64 in September. But the price is not going to drop because the shares are equivalent to a short-term bond with a December maturity date. It's a safe play for cautious investors now, who need a place to park funds for the rest of the year. It's a speculative gamble, as it always was, for those who hold out hope for rescue. If there is a w**** knight waiting to make a move, it is still too early for a firm offer that exceeds the one not yet formally made. E-mail campaigns are sound and fury signifying nothing, but the electricity required for them contributes far less to global heating than does bitcoin mining. If it feels good, do it.

@ mrcautious " how are currency exchange rates relevant to the current situation ? "

Because Ganfeng needs permission from the Chinese government to move funds overseas. The Chinese government looks at how many dollars, not how much in some other currency. Pounds are as insignificant as pesos to them. Not that there will be any objection to the investment, but why rush when the cost is declining in real terms and the Court will be closed for the summer anyway?

@mrcautious "It is very true that Ganfeng have effectively set the SP in concrete for the foreseeable future"

I suppose that's true if you think only in terms of sterling. Actually, what they are paying has dropped almost 3% in the last month, as the pound weakens. It was at $1.39 when the possible deal was announced; quickly rose to $1.42; but now is back down to $1.38. I may have to sell if the pound continues on its inevitable post-Brexit, pre-secession collapse.