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Someone is pumping this share to possibly dump today 13 trades all from the same person. Just not a normal way to buy...
Has anyone got access to this article that could copy and paste it. Didn’t want to subscribe but was interested to read. Thanks
Insecurity in Mexico, the challenge to developing a promising lithium industry
https://www.bnamericas.com/en/news/insecurity-in-mexico-the-challenge-to-developing-a-promising-lithium-industry
Thanks for the info Big Bite. I will sit back and watch for the moment.
R7632
Don’t disagree with this I just foresee potentially a few hurdles that I personally didn’t feel comfortable with. Always good to share and let others make there own conclusions.
I was in Sirius as well and I don’t think that this is the same but for those still in this maybe an email to investor relation at Bacanora questioning the articles legitimacy and if the statement is true might be the best way to go for those still invested. I decided to pull out because of the news but also because last week I watched the market cap go from 82M to 75M in a couple of days. DYOR and maybe contact Investor Relations. All the best.
Bacanora Sonora. Although the concessions of the deposit are already given, on Tuesday morning President Andrés Manuel López Obrador declared: The Ministry of Economy is reviewing, but we are not delivering concessions.
https://www.jornada.com.mx/ultimas/economia/2020/01/23/bacanora-confia-en-auge-de-litio-en-mexico-5318.html
https://www.bnamericas.com/en/news/mexican-government-has-not-given-concessions-for-lithium-exploitation
Comes with sadness that I’ve had to sell up after reading a couple of news articles 1 which talks about a review on concessions and is still available online (Although the concessions of the deposit are already given, on Tuesday morning President Andrés Manuel López Obrador declared: The Ministry of Economy is reviewing, but we are not delivering concessions. We are reviewing all this.) and the other about the license and if it was ever granted for mining lithium specifically which has since been deleted and also watching recent buys and sells. I’ve lost quite a bit here and didn’t want to sell up and still hope the best for everyone. If things turn around later I may jump back in but for now I’m out. I’ll provide a link which will need google translate and I’ll try and find the other one somewhere else which has since been deleted. All the best C
https://www.bnamericas.com/en/news/mexican-government-has-not-given-concessions-for-lithium-exploitation
https://www.jornada.com.mx/ultimas/economia/2020/01/23/bacanora-confia-en-auge-de-litio-en-mexico-5318.html
https://www.en24.news/2020/02/bacanora-trusts-in-lithium-boom-in-mexico-economy.html
Rolls Royce has taken a majority 71% holding in German company Qinous to produce, modular, scalable, #Lithium battery products that combine renewable energy sources and battery storage technology ranging in size from 30kWh to several megawatts
https://t.co/8eDSfnKHOt?amp=1
No it won’t.
The news is saying that the coronavirus has got significantly worse and the spread is escalating. Dose anyone think this will effect the banking sector and in particular Lloyds. Just asking for thoughts not to be hammered down for maybe asking a stupid question. Thoughts appreciated. Thanks
Lithium prices were only very slightly lower in January.
Lithium market news - The lithium decade begins. Market to re-balance ahead of exponential growth.
BNEF: Battery "prices are projected to fall to around $100/kWh by 2023, driving electrification across the global economy".
Ganfeng and Hanwa have a see-through ownership of more than 50% of Sonora.
Catalysts include:
2020 - Further project financing announcements for Sonora, and/or Zinnwald.
Early 2020s - Plan to commence Sonora production ramping to 17,500 tpa, and in stage two 35,000 tpa.
https://www.google.com/amp/s/seekingalpha.com/amp/article/4319048-lithium-junior-miner-news-for-month-of-january-2020
Thanks for sharing.
The latest end of March will be the announcement I believe on Ganfeng review but somebody correct me if I’m wrong. Sure that Secker mentioned it at the conference.
GANFENG: AN ACTIVE PARTNER
They play an active role in Sonora’s development and commercialisation:
A Cornerstone investment by top tier global lithium producer. Bacanora has access to Ganfeng’s engineering database and design team.
They are conducting a review of current EPC engineering design focused on reducing the US$420m capital cost.
They plan to accelerate the construction timetable.
Ganfeng are assisting with finalising an EPC engineering contract, plant construction, commissioning and early operations phases.
Ganfeng are providing a team to assist Bacanora in commissioning the plant
https://www.bacanoralithium.com/cms/wp-content/uploads/2020/01/BCN-Presentation-Jan-2020-24.01.20.pdf
https://www.investorideas.com/news/2020/mining/01231Lithium.asp
I believe that they’ll link both announcements together. Ganfeng report and Zinnwald. Ganfeng won’t announce before March due to work and assessments on site taking place.
Yes probably Fri 28th at Close of trade or Monday 2nd March. That’s just my opinion.
Zinnwald announcement will come beginning of March along with Ganfeng EPC contract report. Exciting times ahead. Once we hit construction this will happen very quick.
Thought I’d post the conference from Dec for those that didn’t make it on the day or haven’t seen it. Worth a watch.
Bacanora Lithium - Proactive Mining Capital conference
https://www.proactiveinvestors.co.uk/companies/news/908495/bacanora-lithium---proactive-mining-capital-conference-908495.html