Member Info for Bottmzup

...will be the telling numbers.
They don`t seem to like updating income figures which is always a bit risky for potential investors.

I`m waiting for the end of March when the finals are due to make my mind up whether I`m interested in getting back in.
Securing the Gib contract announcement will probably cause a spike but it will probably just create an opportunity for the c6p buyers to get out with a profit.

Not very encouraging `again` today!

Revenue is vanity, profit is sanity and cash is reality.

Bacanora Lithium Plc
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@BacanoraL
3h3 hours ago
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Sales of #EVs in China jumped 138% in January, making the #EV sector the best performing in the whole automotive industry. Popularity increasing globally and #BCN Sonora and Zinnwald #lithium projects strategically located close to fast emerging markets http://www.chinadaily.com.cn/a/201902/18/WS5c6a2bb2a3106c65c34e9df5.html?dm_i=2UAF,UE0A,6G4CIE,3583Q,1 …

Correction: Having looked again it seems like the 250k x2 just cancelled out the 500k.

So maybe just a change of ownership.

Yes, to accommodate those buys!

Notice at 9:23am today there was an `unknown` trade of 6000 shares @ 18.75p, when the spread was 18.5p - 19p.

The collective 1m at 9:24am were all @ 18.95p!

Soon see in the next day or two if price goes back to 21p+.

It was degsie who emailed the company. Not sure if you misread it but this was his words..

Sonora Funding completion target is second half of financial year 2019 (January-June 2019).

Thats `financial` year, not calendar year! Lets not go down the confusion road again....please.

So not `dragging on` when its already known that these things take time to put together detailed contracts with lawyers dotting every `i` and crossing every `t`

Also your concerns about poor comms is maybe just that...yours! AIM stocks can be very quiet about their background story for whatever reasons but I don`t think that BCN are overly bad compared to any others. You name Solg but for many months going back about a year ago or so they were coming out with RNS updates on Cascabel about once a week, and every time it did nothing but drop the share price because they weren`t actually saying very much of any significance or new.
I`d prefer BCN to say something when its worth saying.

Also, no new strategic investors?
Who said? We have no idea who the final investors could be because by your own concerns they haven`t said who might or might not be involved!! Yet.

It sounds like you`re talking yourself in to a bit of panic even though you haven`t even invested yet!!

You of all people (in your position) should be lapping this situation up and at least start your position building with a small entry at these low levels, you`re obviously interested in the potential and done some research so not sure why you sound so nervous.

All in good faith but I think there are many on this discussion that would love to be in your position.
Good luck with your choices.

I should correct one line...The MM`s are just rigging the market at the moment because they also know about the risk that something might go wrong.

No, they know about the `perceived` risk that something might go wrong...in the PI`s mind.
And thats what they love to play on.

...uncertainty. People were scared off by the recent fall when the KDNC clown shocked the market.
All the savvy investors would rather wait for the funding RNS, then wait for the initial bounce and subsequent retrace on profit takers......then buy, because they don`t want the higher risk.

Its only the people rich enough to take a good punt because they can afford to who get in this low, or of course the smaller risk takers with what they can afford.
This is seen as a risk.

But don`t forget the AIM manipulation. Some days can be all buys but they just list them as sells...for whatever reason to please their books.

The MM`s are just rigging the market at the moment because they also know about the risk that something might go wrong.
Most traders or investors need to see some sort of certainty before they get in.

But I bet you by summer time when its all been sorted and the price is 56p they will all be kicking themselves on here saying....if only I`d had the balls!

The big investors don`t look at historical sales figures, they do their due diligence and look to future markets.

Thats why they`re so rich!

And since then, and the impending end of diesel car production due to public opinion re pollution etc, the EV sales figures have gone vertical on the charts!

Its a fast moving market.

I thought he said they would go for funding when the timing was right.

Surely the best time to build a Lithium mine is when the price is at the bottom of its cycle!

Demand is widely predicted to increase over the coming years, so supply has to increase to catch up.

waccy, what makes you say its pot luck atm, surely the company sounding sure that funding is going to be completed in H1`19 should be taken seriously.
What do you think the worst case scenario could be?

The low cost of mining, the high grade `no benification costs`, timing of increase in EV sales, infrastructure ready to go as soon as funding is complete, FEED program almost finished, and US$240m conditional commitments by huge fund companies in place....
What is there not to like?

We can all deliberate on timing but surely this funding situation would have to hit a serious unexpected wall to not go ahead as planned.

Can you, or anybody else, think of any reason why the funding would fail??

Serious question.

and my final word to you is actually a question, but I don`t need you to answer it because I already know the answer.

Q: Do you think that selling at the right time is just as important as buying at the right time in order to keep your funds healthy?

I was already proven right, live on here everyday for about 6 months while price continued to fall.

What makes me laugh about some on here is that they think they`re all experts and holier than thou in investment terms because they gambled with a small explorer who didn`t have a pot to ps in at the time. They got lucky when a big money investor came in and now they think their shyte don`t stink.

I tell you what...`you` come up with another huge riser and let us all read your marvellous predictions and get us all super rich and then I`ll take you seriously.

This stock has been stagnant for months and there`s no sign of any movement as far as I can see, although I don`t even have it my watchlist anymore its so boring!

Guess why I looked in today, because I saw in the left column of recent posts that someone on here said `MM`s playing games` ha ha, thats hilarious, my first thought was...oh Solg must be going down, and sure enough it was.

If people had followed my prediction they would be much richer today, simple fact.

ManAndWifi, I wouldn`t have responded to your post here....

Its so nice. On every stock there is a poster or posters who come(s) out of nowhere, warning of impending doom. i think theyre a charity organisation. They sit around in a room and analyse the market and take turns to save the world. I wish they could save me by analysing the market and telling me of some great opportunities to invest in nice and early. Alas, they never do. Good job i found solg ;-)

But when you finished with `Alas, they never do` I just couldn`t resist pointing you to my famous (infamous with some) prediction and warning back when price first hit the 46p level!

I told everyone on here that price had broken a MAJOR rising trendline and it was time to take profits.
I got ripped apart by the pack of feral dogs, know as the `solger gang`, with venom and hatred.
The price fell to 20p!
So giving that sort of advanced warning is not an opportunity to invest, but it does the same thing to your portfolio if you`re already invested ie saves you a loss of 50% of your holdings value.

If the feral gang had actually looked into how stocks react to a major trend break, particularly after such a huge rise, then they could have bought back in at half the price hence and doubled their holding for no extra cash!!

So to say `they NEVER do` is not actually correct.

Click on his name and have a look at his IMM post on 12th Feb.
He said a big surprise RNS was due, he didn`t get his RNS but price did go from 11p on the 12th up to 18p by the 21st!!

50% in 7 trading days!

Maybe he just called it lucky.
Or maybe he really does have a crystal ball. :-)

Who`s Ann?

I had the same dilemma, but after much research I have actually subscribed to the LSE platform for real time live prices and a very easy to use terminal where you can watch many stocks at the same time. £16 a month, very good platform.
Look no further.

No, but that`s still my point, it`s been left open as in H1`19...ie Jan - June!!

Why did they specifically say that the Zinnwald would be Q2 `19 but they didn`t say that for funding??

Its because it is currently `in flux`, and is probably at the very top of their focus until its been completed.

It will be announced as soon as it is done because the rest of the infrastructure etc is ready to go.

I think they are now saying H1 19 just to be on the safe side in case it takes a bit longer so could be into April, May or June.
I get the Impression that some on here think that just because they`ve said H1`19 that its now going to be June 28th!! or so.
Citigroup and Canaccord were appointed 3 months ago, and the Chairman said this on Dec 13th...

We continue to be in discussions with a number of industry and finance parties with regards to completing Sonora's finance package at the asset level.

He also said..
Front End Engineering Design ("FEED") design work is being completed and this will confirm the final Engineering, Procurement and Construction ("EPC") terms and quotes ahead of finalising contracts.

So maybe we should be looking for the RNS stating that the FEED work is complete first.

In the Interim Report the Chairman said..
Furthermore, a number of blue-chip institutions, both trade and financial, are currently carrying out due diligence on Sonora with a view to potentially making strategic investments in the project. We are encouraged by the level of engagement we are seeing, and we look forward to updating the market as soon as it is appropriate to do so.

They will have set models to be able to assess the potential of Sonora and therefore shouldn`t take forever to decide whether they want in.

Soft rock, low cost, high grade...so no need for additional beneficiation, ready to go with construction with infrastructure in place, and all to be producing just in time for widely predicted Lithium prices to be rising as demand increases exponentially for EV`s and battery energy storage!!

What is there not to like?

waccybaccy, are you saying that you would put your house on the funding RNS NOT arriving in Q1`19?

Or to put it another way, it`s only 32 short trading days until Q2 starts.

Anyway, somebody`s confident today with their £40,000 buy.

Nice