Member Info for Bottmzup

I seem to remember Peter Secker saying in a recent video that BCN would seek funding when favourable pricing conditions were in place.

Mondays tweet....

Bacanora Lithium Plc
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@BacanoraL
9h9 hours ago
More
GM confirmed plans to stop production of hybrid models as it focuses on all-electric vehicles. #EVs increasing popularity set to put further demand pressure on lithium creating favourable pricing conditions for #BCN as it advances towards production

You`re right, and my opinion has been forming for about 8 years!
Thankfully I had the guts to sell half my holding that I had accumulated at an average of 8p, sold at 16p, so what I had left was a free carry.
I sold them at c11p and was stupid enough to still believe the hype when I bought back using some of the funds, at bout 9p, and then got rid at 6p.

I got sick of listening to the hype and churn of parts of the business failing forcing selling off cheap like the disposal of African Home Stores, and lately agriculture which they threw much time, effort and money at...other peoples money!

They might finally have simplified the company enough with timber to actually turn over increased revenue, but the financial structure of the company is so complicated that the long term PI`s will be last to be considered, and will just keep getting fed bs by MP!
Revenue is vanity, profit is sanity, and cash is reality.....and this mob have been operating on other peoples money for far too long.
Significant cash net profit is still a long way off, so they won`t be using my money any more and it feels good to not see OBT in my portfolio anymore...I`m no longer a mug!

If II`s want in in a big way surely it won`t matter how many shares are available, the Company just list a load more in the II`s name and call it a `placing` don`t they?...A bit like quantitative easing stock market style.

The fund that invested is called 1798 Volantis Fund Ltd, managed on a discretionary basis by Lombard Odier Asset Management Group, so a separate fund with limited (Ltd) legal exposure to Lombard if OBT go tits up!

Todays RNS`s are having a blistering effect I see. Another `to give to you to give to me` shuffle of shares so as to baffle the market again as to what the f**k is going on! There must be some dodgy background reason for this latest complicated and baffling deal....why would Paul Dolan enter in to such a deal whereby the shares are held in trust by MP until PD pays for them, then he has to hold them for 5 years ...bla bla bla! Why doesn`t he just buy the shares in the open market, the per share price of this is only fractionally below todays price anyway so sure he could build a stake that he would have full control over if he wanted.
I notice the word `loan` in there somewhere too, but no idea who`s lending how much to whom!

Investors are thin on the ground here because everything they say seems to add to a big background scheme that they`re keeping to themselves and therefore must be detrimental to shareholders in the long run.
42trader, you say the Volantis Fund (Lombard) investment is a positive but ask yourself why it had virtually zero effect in the market, I`ve seen plenty of Company`s announcing further investment by an existing II and the shares sell like hotcakes because of the optimism implications, so why not here?

Miles Pelham is a shrewd operator, but I doubt whether he is fully committed to using that shrewdness to benefit shareholders, more likely scratching the backs of his fellow fundie fat cats...thats the perception so it seems.

Sorry 42trader, but it looks like I`m right!

They come out with updates about `funding`, if you can actually work out who`s funding who...then come out with `another` so called optimistic forward looking quarterly update, one of many, and the market is flatter than a Theresa May brexit deal!

Where`s the evidence for my observation that the market is not impressed with these updates being wrong?
The price went up by 1p on the funding RNS, wow, and went down on the day of the Q4 update...on pitiful volume!!

If you think that equates to the market being impressed then I don`t know what dimension you live in.

£40k`s worth of shares changed hands in the last 4 days since these updates, and half of those were probably sells!

A little reality check needed me thinks.

Here you go, something to get all you goldies frothing at the gash....

https://www.kitco.com/news/video/show/Kitco-News/2236/2019-01-16/Get-Ready-Gold-Is-Headed-For-A-Bigger-Rally#_48_INSTANCE_puYLh9Vd66QY_=https%3A%2F%2Fwww.kitco.com%2Fnews%2Fvideo%2Flatest%3Fshow%3DKitco-News

The important aspect of ECR in the current climate of junior miners scrapping for funding is this...(as tweeted by ECR on Jan 8th)

ecrminerals
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@ecrminerals
Jan 8
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#ECR has sufficient working capital against enhanced operational plans, until at least Q2 2020.

0.9p paid today so 1p++ is pretty much nailed on with such a plethora of targets being worked on in highly productive regions of Australia for starters....a matter of when, not if!

Price does seem to be chomping at the bit for the upcoming news flow, and with the right series of RNS`s this should easily pass 1p.
They`ve been promising positive news flows (plural) for some time now so must be getting very close now.

Come on ECR, lets be avin you!

Code 1 alert :-)

It was only supposed to be a jokey play on words and didn`t expect such serious replies.

I can explain the joke if anyone wants!

The aye`s to the right 202, the no`s to the left 432...so the nobody knows have it, the nobody knows have it!

:-)

This Company is too complicated.
Has anyone tried to get their head around the funding RNS last Thurs? Its like a game of poker played by a clutch of magicians, they buy a % of this, you buy a % of that, you lend A a chunk of cash who then invests it in B but governed by certain conditions, then we buy remaining % of C who happens to be owned by D who is solely owned by the previous Head of Forestry in Mozambique!
And thats without a mention of the Argento Preference Shares which Miles Pelham has been investing multi £m`s in!

Reminds me of the Laurel and Hardy movie with the line(s) `to give to you, to give to me, to give to her, to give to him`!

It seems like Miles Pelham is not being believed to be telling all, by the market. He does come across as far too slick with his smarmy look, slicked back hair and his expensive suit which can alienate some from investing here....he looks like he`s running a hedge fund rather than a serious Timber and Agriculture operation in Africa...maybe a safari suit, with mud on!

He tops it off with terminology like `kicking goals`! Which sounds like the sort of sound bite a poorly advised Politician would use, or a teenage girl playing `soccer` in Tallahassee Fla.....we say `scoring goals` in the football world Miles, just in case you were trying to appeal to a fashionable large audience!

Also not going unnoticed was the opening paragraph of Thursdays RNS which included the very cautious line.....

.....`is pleased to announce that it has entered into a set of agreements which the Board believes should positively impact both the Group's balance sheet and underlying business structure`

Note the word `should`, change that to `will` and it would have been more believable.

Ultimately new investors looking to get in to the fast growing African continent will probably just look for another route with a less complicated road map, because this one smells too risky, financially.

and no gaps!

Its..... total market solutions
with a dash between the three words ie 2 dashes.

sorry I didn`t realise they blocked it again, whats the problem with these knobbers!

Here...

Gold

Gold enjoyed a strong rally over the fourth quarter of 2018. Investors piled into the traditional safe-haven asset as protection against equity market turmoil and slowing global growth. This strength has continued into the New Year, and prices are now closing in on the psychologically important $1,300 level. Current strength is being driven continuing volatility and expectations that the US Federal Reserve will halt its rate-hiking cycle. These factors have dented the dollar, lifting gold demand from holders of other currencies.

bull-market-here-to-stay-(2)-web

Commodity analysts at JP Morgan believe prices will remain healthy over coming months before rising considerably in the final quarter of 2019. As the Fed continues to tighten, the analysts think the yield curve will rise and flatten before inverting in Q3 2019. When this occurs, they believe the policy rate will move into restrictive territory. This will put the brakes on economic expansion, potentially pushing gold prices up by 18pc. Indeed, they predict average gold prices of $1,460/oz in the final quarter of the year.

If JP Morgan is correct, it would be exciting for UK small-cap investors, with many junior gold firms listing on London’s junior markets. One particularly interesting example is exploration and development company ECR Minerals (LSE:ECR).

Recent months have seen ECR announce considerable progress at its gold licences in Victoria, Australia. In particular, it has identified the potential for a rare bulk tonnage gold operation at its Creswick licence. Meanwhile, it has determined a significant gold system at its Baillieston licence. Last month also saw Newmont Mining, one of the world’s largest gold producers, apply for a permit next door to Baillieston.

The firm plans to carry out extensive exploration programmes in Victoria this year, including 4,000m of RC drilling. As part of this, the business lodged nine new exploration licence applications in the Yilgarn region of Western Australia earlier this month.

ECR’s shares are yet to enjoy a recovery in line with the broader gold market. It will be interesting to see how the market reacts to its newsflow this year if the precious metal’s bull-run continues.

I`ve already copy and pasted it, now I`ve filled in the blanks, just write it out in the address bar.

Yeah it was **********************

Sounds quite optimistic, enjoy.

Bacanora Lithium Plc
‏

@BacanoraL
9h9 hours ago
More
Record sales of plug in #EVs in October 2018 – a 75% y-o-y global increase. Each EV battery requires 25-50kg of #lithium, new sources will need to come on stream. #BCN Sonora and Zinnwald projects advanced to become key new sources of supply

Also includes this link....

https://insideevs.com/global-october-sales-new-record-electric-cars/

An optimistic view on ECR.

https://**********************.com/2019/01/10/new-beginnings/

Have you forgotten to notice the opposing large 120k `buy` in the data? Probably just a rollover trade.

They are both listed on this page!

My trading program has todays volume at 110k, Money AM has volume at 350k, so when you subtract 240k gives 110k.
Tradingview also has volume at 110k.

Manipulation is rife with the MM`s on AIM stocks, the 110k are all listed as buys apart from 620 shares and it wouldn`t surprise me to see 10k volume tomorrow and price going up or down 1p!

This is a news driven stock, and the sooner the better.