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Appears to be strong support at this level, and interest/volume definitely picks up once the Americans wake up.

Still believe that this has the opportunity to perform similar to to Pensana rare earths, both at a similar stage but Pre backed up by a sovereign wealth fund and a more competent board.

Wow, and the fun is only just beginning imo

https://www.enertopia.com/press_releases/enertopia-signs-nda-for-review-of-lithium-processing-pilot-plant/

It’s becoming a reality.

So you took your profit newboy?

I believe the key to unlocking the value of BCN is to complete the FEED and DFS to enable the company to raise the funds to begin construction of this significant strategically placed mine. With key investors and offtake agreements in place it’s a case of bringing this clay based lithium project into production. This in turn would bring significant new money to not only BCN but clay plays overall.

Post period end, GRES completed its concentrator design work and Ganfeng completed its flow sheet design testwork for the production of battery-grade lithium from samples provided by the pilot plant; Ganfeng is now integrating these results into a larger scale design, and remains on schedule to deliver its final engineering packages at the end of Q4 2020. This is a major milestone, flow sheet completion, and in line with the inability of the companies ability to communicate the asset to the market, this information has gone unnoticed.

If Ganfeng take on its option to increase its project position to 50% then the valuation will change for obvious reasons. As of now, it is my belief that the company is significantly undervalued as we need to see the company and its partners deliver by end of Q4. If they deliver then the funding has been largely mitigated and won’t be a problem.

My personal target price is 80p prior to FEED and DFS and after financing could be many many multiples of today’s price.

Covid imo has presented an opportunity due to the delays it has presented, a strong cash balance and a large percentage ownership in Elis PLC makes a 77m market cap laughable!

A core asset so close to construction valued at £35m is a joke, especially if you look at the likes at EMH, what money they have in the bank and at what stage the development is at. ECB is a great opportunity for minority shareholders imo.

My god. Some drivel being posted on twitter about BCN not likely the deal lol! It’s profit taking! Simple!

While I believe a fair value of 15p is achievable for ERIS a number of your usual twitter rampers have participated in the equity raise. They will be selling while others are buying, guaranteed.

Following the completion of the Proposed Transaction and the issue of the Consideration and Placing Shares, Bacanora will own 44.3% of the enlarged issued share capital of Erris.

For ages at 34p to buy. Was and is really difficult to take advantage of any fall in size. But it’s great to see some profit taking and also traders going. It needed a bit of a move prior to this next leg up. Could even finish blue still imo.

You are having a laugh aren’t you?

BCN have taken place in a RTO on behalf of ERIS who have provided BCN with 44.4% of their share capital.

With only £35/40m attributed to a core asset in North America with key/leading strategic partners to bring the project to fruition this is obviously the key focus.

Our German asset was never valued by the market as the focus was elsewhere. BCN were already obligated to pay the cash as part of a licensing agreement, a prior obligation. ERIS board will now focus on Germany as it’s core asset, bringing the project to fruition earlier than BCN could have ever of achieved with its hands full elsewhere.

This asset can now be realized by the BCN board and shareholders only need to take ERIS market cap (44% of) and cash position to get an underlying valuation for the company not including core asset.

This was a brilliant move to realize shareholder value.

15/20p minimum! It’s slowly waking up now!

Also to state the obvious but with Eris market cap at £15m and rising. Between the stake in Erris and BCN cash position. The market is currently attributing a value of £40m odd on our core advanced asset. Crazy.

Market seems to be very slow at realizing the value of the asset here. Presents a great opportunity for new shareholders.

100% agree. But it’s an NPV tracker only.

Other key fundamentals have to be considered too.

Extremely undervalued. Could see that stock easily double today imo.

Look at EMH, 35m market cap and Erris is now cashed up with an advanced project in the middle of EV Europe.

Really am impressed with how BCN will realise the value of this one and allow it to focus on its core asset.

By comparison Erris is Fully cashed up £3.75m and then project itself is further advanced.

Erris valued at approx 14m, can you see the disparity and undervaluation. Imo this could easily double today.

You have acquired a fantastic asset, strategically positioned in Europe and quite far advanced by comparison to existing assets. Lithium as a sector is back into vogue in a big way since the Tesla battery. I fully expect some of these European plays to receive strategic investments/off-take agreements from the likes of BMW.

An extremely useful tool to appreciate one of the reasons why BCN is so undervalued;

https://docs.google.com/spreadsheets/d/e/2PACX-1vTcqH7UUnrtQxtQ0zI0G38hHp2aM7w3WbpdiTgRejK6K_2yd7NVa5LhfiffhvgxqfdlKHcX_rWBTRay/pubhtml

Last nights UT closed at 38.5p while the true closing price was 37.5p. Looking forward to another interesting day.

Another step in the right direction. And with a significant ownership in the new company, this is an excellent way of realizing the value of the German asset. Very impressed in the way this has been handled. 44.3% ownership in a company that is likely to be valued at considerably more than it is today by the market.

Great sentiment shift in Lithium miners globally In th last few weeks so the timing is perfect.

From yesterday indicative of stake building.