The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
ODX have had to deal with the issue of a fundraise head on and have pushed out an RNS. Mode could learn from this.
https://www.lse.co.uk/rns/ODX/speculation-regarding-a-potential-fundraise-qnsk9jhe4olokcr.html
Reflects the current and future US demand for Lithium very well. Soon BHL will be on their competitor comparison table, surpassing them :-) https://americanlithiumcorp.com/presentations/
Over 300k of LCE is anticipated to be in the new resource upgrade announcement (more than Arizona Lithium who have 3 times the market cap) This has not been priced in at all at the moment. If the SP slips below 13p i will top up but news could drop any day.
Now $578 Million USD or £427 million. Something to aspire to for sure! Up 9% as i write.
https://finance.yahoo.com/quote/LIACF/
This guy does a presentation to explain Kathleen Valley and its value. Kathleen Valley COULD BE on eighth the size of San Domingo.. The video is a bit dry in some places but it gives you more of an idea about BHLs comparable asset and peer group.
https://www.youtube.com/watch?v=B5C0PEktrrM
11 mins 58 seconds, each asset could be worth billions. https://www.youtube.com/watch?v=6TRUmQdJBx0
reference 7 mins 14 secs for the CEO meeting in America ....
https://www.youtube.com/watch?v=JkQ99kmgyM0
I will hold until the San Domingo drill results are out. Preliminarily, the CEO has said it has a 9km strike whereas Lionstown - Kathleen Valley has a 1.5km strike. Kathleen Valley owned by Lionstown is a 2.2 Billion USD asset. The CEO has implied San Domingo COULD BE, 8 times longer and the depth we know goes beyond 80metres. It the strike is longer and at least 100 metres deep then we could get a massive rerate on that alone. Hard Rock is easier to mine too. I bought at intervals between 9p and 15p.
I checked out the competition last night, who are US listed and Australia listed. Not only have they had big jumps in the SP, very recently but BHL seems to have a much stronger pipeline of exploration. The other Lithium Miners are still trying to grapple with getting production organised for their one to three claims. BHL have many claims that are worked. Getting the mines into production does not always mean big fundraises but JV and development agreements with other mining companies can be done to help access the capital and expertise to develop the mine. The CEO seems ultra bullish about the initial results of exploration.