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Sorry to hear about the losses adv, but well done on EMH! Always nice cashing in a profitable investment.
With Bacanora, we pretty much have a shovel ready project. Yes the constant delays are very frustrating indeed, and are a physiological challenge each time they are announced. Delays are almost part of the process with any construction/mining operation so I think we just have to accept it.
With guaranteed off-take already agreed, it feels its pretty much impossible for this not to get to production, and when it does, we are talking many millions on the income statement and valuations in the low-mid 6 figures in my opinion.
The upside is still here for us. We just need to wait. As with all good investments, patience works in our favor.
Ahh good find!
Would be ideal if we could an extra 17,500 tpa of hydroxide as well.. wishful thinking though i guess lol.
Either way i think it gives them a few options which is nice
Hi all,
Just wondering if anyone has given any thought in regards to the impact of actually producing hydroxide? It's something I think we need to do as most big car manufacturers prefer it over carbonate and Mr Secker has said they are looking into it. In my mind this is only going to cause further delays to construction, even after Covid-19, as well as a possible increase in Capex.
As we have already secured basically all of Stage 1 off-take, i wonder if we will keep our 17,500 tpa of carbonate and add hydroxide to that, or will we reduce the carbonate in place of hydroxide? Potentially really positive news if it goes our way I think, but just interested to hear some of your thoughts.
Thanks
Impossible to tell really.. i guess in the short/medium term we'll start to recover when the economy does.. but in terms of the £1 landmark, I think that is quite a bit away yet.
For me, the completion of financing/start of construction stage is the most significant and will hopefully start to gather some serious momentum in the wider market. Hopefully not too far off the £1 mark by then but i guess the equity raise will have a lot to do with that
Only just seeing this now. Dropped it in incase anyone missed it
https://www.youtube.com/watch?v=TY9LRaMaNe8
Anyone any ideas on the chances of us producing Hydroxide? I know its something we're looking at but I'm not sure of the chemical process involved to actually make it so not really sure if its something that actually might happen.
Personally, I'd like exposure to hydroxide as I believe its meant to give greater range in EV's. So i'd imagine a lot of the car manufacturers will prefer this over carbonate, even though its more expensive.
I've had a look at a few other mining companies and I like the look of Piedmont - just to give a bit of diversity to my lithium portfolio. Anyone else had a look at them?
As always I appreciate your views / any feedback.
Any views on what the spot price of Lithium Carbonate will be come production time? End of 2022/2023 i'd imagine.
I was doing my cals off USD 9,000 per tonne to be on the very safe side. Still profit to be made. Would LOVEEE around 14,000... any ideas?
We have a panicker! I see you are putting that crystal ball of yours to use again!
I dont think a big dip in the economy will erase the need of electric vehicles.. postpone yeah.. but not erase.
I'm glad your lack of confidence in your stock picks has made you sell.. it put a smile on my face after that spiteful comment.
Good riddance pal
you got the lotto numbers in that crystal ball of yours too?
Should we be worried?
https://www.pv-magazine.com/2020/03/03/lithium-miner-expects-profits-to-plunge-65/
I've just topped up.. does anyone else think this is a good opportunity to do so?
Below from Bacanora 2019 Annual Report.. plus we have been paying concession tax's for the last few years.
The Group owns ten contiguous mineral concessions in Sonora, Mexico. The Company through its wholly-owned
Mexican subsidiary, MSB, has a 100% interest in two of these concessions: La Ventana and La Ventana 1, covering
1,820 hectares. Of the remaining concessions, five are owned 100% by Mexilit - El Sauz, El Sauz 1, El Sauz 2, Fleur
and Fleur 1 covering 6,334 hectares. Mexilit is owned 70% by the Group and 30% by Cadence Minerals Plc
(“Cadence”) formerly known as Rare Earth Minerals Plc. These seven concessions form the “Sonora Lithium
Project” covered by the technical Feasibility Study released in the prior year.
Does anyone have the full story on this? I cant access it. Thanks
Insecurity in Mexico, the challenge to developing a promising lithium industry
test work for lithium hydroxide is very interesting
Very tempted to top up myself, but contemplating waiting until we know for sure how many more shares will be issued in H1 2020. But I agree Mr James, this has too many things going in its favor to not do well.
If Deutsche Lithium is to be spun off and a separate entity to Bacanora Lithium, then would that not mean that any value from Zinwald shouldn't be taken into consideration in Bacanoras share price?
Have I got that wrong?
Loving the posts last night/this morning.
I feel you guys did a better job than our CEO regarding the last RNS!
Thanks all
Yeah it definitely states that its shares... but sounds like a bucket load to me.
Even at 20p per share thats £100m - i know theres a lot of uncertainty regarding what funding is left but surely not that much is needed on Bacanora's side? Especially if Ganfeng take up their further 22.5%.
Am i missing something?
If we stay with a market cap of around 50mill and the full 500,000,000 shares get issued, we are looking at a SP of around 7p. If this is the case any profit I was thinking could be made is seriously reduced.
I dont see how that is in the interest of current shareholders.
I'm praying one of the other avenues of funding gets exploited!
Do you think they are worth going to?
I've only started out investing and have never been to one.
I'll be coming from Ireland