Member Info for Dee12345

https://www.proactiveinvestors.co.uk/companies/news/942750/vsa-capital-market-movers---bacanora-lithium-942750.html

More progress, too.

PR is shocking, but the fundamentals are sound. Getting closer and closer!

https://www.reddit.com/r/BacanoraLithium/comments/lkqe6d/the_secker_cannot_be_bargained_with_it_cannot_be/?utm_medium=android_app&utm_source=share

Very keen observation here.

Peter Secker, CEO of Bacanora said:



"I am pleased to announce the results of this successful fundraising which will allow Bacanora to meet its capital commitments for the development of our flagship Sonora Lithium project in Mexico and commence our transition from exploration company to lithium producer by 2023. I am very grateful for the support shown by our existing shareholders and welcome all our new investors at this exciting new chapter. This is a major achievement for the Company, and I thank all parties involved including our joint venture partner Ganfeng, which has shown further support for Bacanora by proposing to exercise its pre-emption right beyond this fundraising to maintain its position as our largest shareholder.



"The fundraise is the final piece of the Company's 50% share of the financing required to bring Stage 1 of Sonora into production. This successful fundraising will allow the Company to achieve its ambition of becoming an international lithium production company.



"Bacanora, as stated previously, represents one of London's few listed pure-play lithium development companies and we, along with Ganfeng, are working tirelessly to unlock the substantial value for shareholders. The partnership remains committed to achieving battery-grade lithium production in 2023, ensuring this project's importance to the future lithium supply chain and the economy of Mexico."

It's not.

I almost forgot - Facebook Group too!

https://www.********************1074686266379140/?ref=share

Hello guys,

We have a WhatsApp group for Bacanora:

All aboard!

?https://chat.whatsapp.com/ESJZbhSdurb0Nib8cfaqYF

I also posted my DD Sheet to my Twitter @GungHoStocks

If you like it, please feel free to send on to other who may need convincing. It incorporates macro analysis, fundamentals and chart.

Hopefully, I've broken it down enough for noobs to buy. I've emphasised this is a long term buy and hold, and NOT a pump and dump!

What's your price target?

I didn't post this as I'm bearish, but there's a factual risk there.

No government will come straight out and say they wanna nationalise everything, but there's always a small risk there.

Personally, this is an opportunity to me to load up more shares.

Source: Proactive Investors

Bacanora Lithium (LON:BCN) 35.2p, Mkt Cap £79m – Mexico presses ahead with plans to nationalise lithium industry

The ruling Morena party is reported to be pressing ahead with plans to nationalise its emerging lithium industry.

The party brought a draft bill for the nationalisation to parliament last week.

The bill calls for lithium to be classed as ‘exclusive property of the nation’ with production controlled by the state.

The government is proposing to create a new company, LitoMex to manage the industry..

It is difficult to see how the Mexican state is going to take assets like Bacanora’s Sonora mine without killing the project.

Sonora’s lithium carbonate is under offtake with Ganfeng Lihtium which plans to process the material into battery grade lithium. Ganfeng is also planning a battery recycling plant in Mexico reported in September but may now reconsider these plans. Mexico does not currently have the processing capacity for the Sonora carbonate.

Ganfeng has an offtake agreement with Bacanora for its lithium carbonate feedstock.

Conclusion: We do not see Bacanora’s Sonora as a target for this nationalisation, though it could get caught by the new legislation if approved.

We suspect the idea of the new bill is to preserve the value of the Salar de Uyuni in the province of Daniel Campos Province in Potosí, one of the world’s largest lithium resources, for the Mexican state.

LitoMex may form an entity to exploit the lithium brines in this area for supply into Mexico’s automotive manufacturing industry

Cheers mate.

That makes sense based on the previous pop - I think once the mine is up and running, we're looking at a minimum of 20x current prices.

Hahahaha

That's a very valid point... But you've just had a lot longer to load up!

I stongly believe we've got less than 6 months to load up, and it's only COVID-19 that could possibly caise any further delays...

Do you have a price target for when the mine goes live?

Yeah, that's odd, but I guess it must have something to do with the auctions that take place, and the liquidity provider your broker uses.

It'll definitely get more liquid over time, but I want to load up BEFORE the price starts to seriously move.

I think the plan is to move to the main market once the timetable is announced. It's at that point where the price will shoot up, and we'll have regretted not loading up now.

Kinda feel bad for those who invested in 2017, but seems as though we don't have long to go.

Anyone else having problems loading up on this?

I'm buying through 212, and now having to try putting in orders in 50 share blocks....

It's even more annoying, because I have my ISA through them!

Haha! With fingers crossed, of course!

I'm Investing on the basis of them getting the mine over the line, and global lithium demand rising!

So I'm considering buying after looking into a few interviews with the CEO, and the Señora project.

Does anyone know what the 5 year share price target is?