Member Info for Fukurokuju79

I was just about to post that, all still sounds good for funding.

Thanks

Does anyone have a link to their website as it seems I have found every website for companies called Argo, except the one I want. Not sure why.

I think it was a broader problem but seems to be sorted, although price going wrong way.

Looks like no trades and one of my price apps says suspension where price change % normally held....weird. may just be a glitch, anyone know if true?

Cool. Yeah it certainly is exciting times. That's just Sonora ;)..I am hoping / expecting a solid few months of news.

Here is one article that mentions the equity/debt split...sure I have seen somewhere else also. https://www.sharesmagazine.co.uk/article/lithium-miner-bacanora-prepares-for-substantial-fundraise So ideal world based on what I know is debt from far east circa 200 mill first (more the better) which they were discussing already back in april. Probably linked to the announcement today re hanwa agreeing in principle to extend by 5 years to ensure payback. Hopefully will see a nice price rise then finalise equity raising (ideally at around the re rated price) from existing cornerstone and new uk (maybe us) investors. Max of 365 million new shares, but if works out as per above should be a lot less. https://www.sharesmagazine.co.uk/article/lithium-miner-bacanora-prepares-for-substantial-fundraise

Its bugging me I cant find the reference to 250 equity / 200 debt. Doesnt matter I suppose I found the link re equity / debt so supports my earlier statement. I assume you have seen the proactive interview...link at bottom. Effectively as others have mentioned equity will be from existing and new UK / US investors. Debt announcement will come first, shortly followed by equity. This would be ideal as hopefully a debt funding announcement will drive up the price a bit ahead of equity raise, although this may not pan out that way, depends on what they have already informally agreed. Cant wait. Haha http://www.proactiveinvestors.co.uk/companies/stocktube/9060/bacanora-lithium-advancing-sonora-debt-and-equity-financing-9060.html

Hiya, only just for around to looking on here again. Feb 19th RNS advised funding will be mainly equity.....Having successfully completed the Feasibility Study on its Sonora Lithium Project, the Company intends to embark on a fund raising exercise in order to secure the US$419 million capital expenditure requirement to develop phase 1 of the Sonora Lithium Project and finance further work on the Zinnwald Lithium Project.� It is intended that a substantial proportion of the funding will be raised through equity finance. As you said there is an additional 30 million dollars to bring it to 450 mill now for contingency / capital. Cant for the life of me find the ref to the equity/debt split, but it was said or written that it would be about 250 equity, 200 debt and a max of 365 million shares will be created (hopefully less). I posted some thoughts on the potential shares I thought would be issued the other day.

They are certainly in discussions, and appear confident at the very least on the part of existing cornerstone investors. I personally believe that the agreement in principle with Hanwa to extend the offtake has likely derived from wider funding discussion on the debt element. Therefore I see todays rns as being an enabler to hopefully finalise those discussions. I anticipate they will announce this month, but certainly not expecting any major delay into q3 if that ends up happening at all. Its a shame they are raising most as equity, rather than debt that's my only bug bear but a necessary evil I guess. Especially given the retracement after the nextview shenanigans.

Wonder if 5 years extra from Hanwa is linked to requests from potential funding discussions.

Yeah I feel conflicted..one the one hand I want fund raising sorted but on the other I want something to boost the price now to reduce the shares in circulation from any equity element. I am not worried so fingernails remain for now. I do think to myself I should have sold around the high last year and bought back in, but that wasn't the plan with this share. In hindsight, we may only just get to recent highs after fund raising.....darn it.....finger nails are gonna get it now

soon....at the current price the new shares are hurting my outlook on price...insert sad face. Back of fag packet is that at current prices (or just below) we would need circa 215 to 220 mill new shares to raise 250 mill usd as equity. So would have around 354 million shares in issue. Still very bullish but rather be upping any price target than dropping.

I suppose you may be thinking that we wont secure the financing until after the costings complete in q2? I suppose its likely they would wait to ratify the costing before finalising the capital raising with our cornerstone investors and anyone else involved. I did get the impression that much of the financing was in a good place in the PS interview. It may eek into q3. Not too worried though, as long as it is secured...

I didnt take anything new from the update either Addicknt. Coop I had to read been the below several times.. The current FEED schedule is to have designs, cost estimates and process guarantee scopes completed in Q2 2018 with orders for long lead items being placed at the end of the FEED process in Q3 2018 o The current timetable for the plant construction is subject to completing the US$420M project financing strategy and final Board approvals - schedule will be updated at the end of the FEED process. I didn't take from this a delay in financing necessarily, on the basis that the financing would likely need to be sorted before ordering the long lead items in Q3. Obviously its being pushed the the wire a bit, and it may well move into q3 for all I know, but I didn't feel the rns necessarily conveyed that. P.S was quite chirpy about it all in his interview not so long ago. Be happy when its done though. Gl.

15,200,000 shares to raise 950,000.

I am obviously invested here. Posted a few times but ultimately I think the MOU is simply a precusor, and wouldn't expect a re rate style rise from MOU necessarily. Incidentally that doesn't mean I think SRES are not worth more, I do believe they have a really good chance so its really a waiting game for value to come out. Anyway, back to my point. As you know an MOU (while fab for confidence) just provides intent. This coupled with the lack of detail around MOU on quantities, duration, prices and purchaser leaves uncertainty that many big money investors dont like. I understand the reasons details are excluded as per the interview so no big deal for me. The broader info in the rns is really good news also, and adds to my personal comfort with my holding here. Ultimately I think a re rate here should be a matter of time, but will require larger investors, who probably want more certainty. So will need the likes of offtake agreements etc. These things always take a while and I don't go into each week thinking it will multibag, that just causes frustration. I will hang in patiently (unless anything fundamentally changes) like many others here have been doing.

Aha HL have sorted my holding now...woop

http://www.thisismoney.co.uk/money/investing/article-5670993/MIDAS-SHARE-TIPS-UPDATE-Demand-electric-cars-recharge-Baconora.html Think this is the link..

I know the intention is the users isnt aware of crypto so I expect as said it will use a fiat currency and do the math in the background stabilise the issue with fluctuations in price. So stellar is the oil. They said they have done it in layers so to be able to be flexible with what they can offer different verticals/publishers etc. Hard to see my position at a loss but was always high risk, I still believe there is a market, and satoshipay are working logically on a solution. When the two cross timelines is when we hopefully see the reason we invested.