Member Info for Bottmzup

Its quite easy to understand when you read the header..Interim Results for the 6 months to 31 dec `18. So the second half is Jan - June.

And...
"The second half of this year will not just see us look to finalise the funding package for Sonora, but also complete the Feasibility Study for Zinnwald, our second lithium project.

That reads to me that the funding will be finalised `during` the second half ie sometime between April and the end of June.....it doesn`t say `by the end of the second half`!

MM`s are doing their job, moving price to where the largest number of buys match sells. The run up ran out of steam with no new news and now there`s a double top formed with the middle trough at 7.65p.
So that might bring in the buyers, but if it doesn`t then the completion of the pattern is 6.7p before the flood of buyers comes in.

The 25% - 30% rise since the start of Feb has to be too tempting for traders and savvy investors alike to miss.....interesting one to watch.

best place for it :-)

Funny how you`ve been tempted to come on here at this time.....hmmm, I think you smell a decent profit!!

If you`re going to try a deramp to buy in lower, at least make it credible and believable. Although I think you can`t find any negatives against buying these at this time with all the news due.

You had your chance at 0.65p and then again at 0.75p.....that ship has sailed now, be quick!

Do you still hold Trev74

Maybe the PR machine is finally having some influence, or was it the 5 day turnaround for assays?

They`re very optimistic re Creswick and if there are some `outstonishing` results released soon you`ll see 50m shares traded and 100 posts on here as the short term ramp brigade arrive....then leave when the % is right!

...took over the CEO`s position from Stephen Clayson in Sept `16 when ECR were basically in the shyte.

Since then ECR have built a strong list of licenses in very promising areas of Australia, and have finances in place to fund an extended drilling campaign to prove up high potential discoveries.

While I`m a little pee`d off with the constant flow of tweets and pronouncements of `optimism without results` I still think that with the trend in the gold price and the enthusiasm about the building blocks put in place by the company I would much rather have CB as CEO than Clayson, and if he were still a Director I wouldn`t have bought back in.

So unfortunately, for the long termers, its still a case of having more patience.
I have much more optimism with the recent list of RNS`s that Craig Brown will increase the share price from here.

Australia is a very mining friendly country, and ECR`s current cash position has allowed them to build a portfolio of licenses while other junior miners are probably looking on with a degree of envy as they struggle with getting themselves funded to progress their exploration.

So to those moaning on here, ask yourself this...`can I find another junior miner, in a mining friendly jurisdiction, where the Govt provide 43% refund of exploration costs, with a significant portfolio of licenses in an area where such a big player as Newmont has recently gone for a pitch right next door, and who have enough funding in place for `ALL` activities until Q2 2020, and with a market cap of only £3.6m?`

If you can, then sell here and buy there...simples!

...a year ago when they were awarded the advance works contract the price spiked as high as 18.5p intraday, 2.5x todays price. Now they`ve completed the contract, and the build contract has risen to £25m from the original (approximate) £22m to Modern Water, equal to 3x todays market cap!

And they`ve raised £900k in funding with considerable Chinese investment.

I don`t think the market has quite caught up with developments yet but with some more (other) news and the publicity when the full contract for Gibraltar is signed off there should be a decent rerate back to a more realistic valuation.

Funny old game init!

The Gibralta Plant Plan

https://www.youtube.com/watch?v=eYWsnxNM5f8

Posted one month ago.

correction....once the falling trendline ``breakout`` has been confirmed.

Can see a few sellers today taking a quick buck while the price challenges the 4 month falling trend line, but once this announcement permeates through the market, and with the application to commence the build getting the rubber stamp in short order, this is likely to be the cheap end of the MWG share price (under 8p).
A move closer to double figures and beyond could well be insight as soon as next week once the falling trend line has been confirmed.

Yeah quite good reaction today so far, one of my better decisions to get back in here last week...happy days!

Plenty of time left for BCN to start producing from Sonora then, they`ve got to build the thing first don`t forget.

This was a paragraph from the statement made by Mark Hohnen, Chairman of Bacanora, at the AGM in December `18

"As well as running through the economics of a 35,000 tpa lithium carbonate ('Li2CO3') operation at Sonora - US$1.25 billion pre-tax Net Present Value ("NPV"), 26.1% Internal rate of return ("IRR"), and Life of Mine ("LOM") costs of ~US$4,000 per tonne of Li2CO3 - our final results on 15 October 2018 referred to forecasts that demand for lithium could rise to more than 450,000 tpa by 2025 from today's 250,000 level. Less than two months later, those forecasts are now on the conservative side. Thanks to growing industries, such as electric vehicles and energy storage, both key consumers of the critical technology metal, forecasts are now more than twice that number. Currently, for instance, UBS is forecasting demand will hit 900,000 tpa by end of 2025, whilst Seeking Alpha believe demand could be more like 1.3mtpa by 2025*. It is numbers like these, particularly when one considers approximately 250,000t of lithium are expected to be produced in 2018***, that lie behind our firm belief that Bacanora is in the right commodity at the right time.

Just to remind people about the confidence that the funding process is under way and expected to be finalised sooner rather than later he also said......

"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. Bearing in mind our offtake partner Hanwa, SGRF, the sovereign wealth fund of the Sultanate of Oman, and RK Mine Finance all carried out due diligence ahead of agreeing to provide funds for the construction phase at Sonora, we remain confident the outstanding funds will be secured in due course. We recently announced the appointment of Citigroup Global Markets Limited ("Citi") to lead the equity financing of the Sonora project alongside Canaccord Genuity, both of whom shall also act as joint corporate brokers.

So I would hazard a guess that bsg4 is `apparently` trying to talk down the share price to get in at a lower price!

Good try, but far too vague for credibility.

They don`t need to be at the stage of digging it out to multibag the share price, just prove that its there.

Did you ask him if it was a typo then?

When did you `speak` to him?

It does say plants in the funding RNS, which was why I asked the question.

Sub 8p would need some negative news here, which doesn`t seem to be on the cards with the growing IoT sector and Tern sitting on cash of just shy of £2m in the bank just 5 weeks ago!

Price in a consolidation pattern at the moment so just as likely to break out higher IMO.

...well thats even more reason for them to want to fill the shortfall with GOLD!!

Simple supply/demand win win dynamics then!

MC must have prior conversations with potential toll miners and wouldn`t be going down the road of throwing money at that option if he didn`t have a high level of optimism that it will happen.

This from the £1.75m fund raise RNS...

The proceeds will also be used to conduct engineering and other technical studies required to determine the economic and technical feasibility of entering production much earlier by mining a "mini pit" within the permitted La India open pit and processing the contained metal through nearby processing plants.

So `plants`...plural, does that mean that there are more than one company nearby with spare capacity other than just B2G, or is it just B2G that have more than one processing plant with spare capacity?

Nicaragua