The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
More black trades coming through which LSE says is a delayed publication. Worth noting that i disagree that these sizeable trades, showing as black are only down to an algorithm issue. Black trades are also because of anonymity, sensitivity reasons. and the seller IMO has many, many shares.
´´Dark pools are private exchanges for trading securities that are not accessible by the investing public. Dark pools were created in order to facilitate block trading by institutional investors who did not wish to impact the markets with their large orders and obtain adverse prices for their trades.´´ https://www.investopedia.com/terms/d/dark-pool.asp
At 15 mins 48 seconds the CEO explains the story behind San Domingo. They seem very confident after what they have geophysed so far.
https://www.youtube.com/watch?v=IGjE03KuOac&t=1680s
BHL is on monumental land grab in the USA for lithium deposits. Other Lithium businesses seem to be small scale, limited in ambition such as Arizona Lithium or American Lithium. The land grab is super important just now as it is lower cost and pushes the asset value higher. First mover advantage. Other Lithium firms are in multiple markets distracting them from focusing resources to search for Lithium in the USA itself which is a huge land mass where the customers are.
Milestones are intact for Wikieup. Great sign. The CEO has implied that we will have more resources than Arizona Lithium in the next 2-3 weeks officially announced just from Basin East. Arizona Lithium have 3 times BHLs current market cap. Depending on the phrasiology of the communication, BHL could see a big rerate.
I spent all of last night, watching the CEOs interviews, presentations and reading the RNSs. Basin East is going to be interesting with this resource update. I am expecting 1 million LCE at least from that one site. They seem to have managed to target the drilling better than 2018, with the new holes to justify the resource increase. Wikieup and San Domingo presentations and justifications are pretty interesting. There is a video of them at San Domingo outside the old mining entrance from the 1950s. So exciting!
They need the money for the hard rock drilling which is more expensive. Easier to raise funds in Q3 when the easier drilling is done and there is a maiden resource announcement for the clay assets. It is just business sense for a miner.
Terrible interviewer but the CEO of Bradda gives some more giveaways as to why they are so confident in the finds.
https://www.youtube.com/watch?v=6TRUmQdJBx0