Member Info for jimb2

Ford more than doubles its investment in EVs and autonomous vehicles to $29 billion - The Verge
https://www.theverge.com/2021/2/4/22267195/ford-electric-autonomous-investment-29-billion

thomsk,

cheer up - http://www.asianmetal.com/LithiumPrice/Lithium.html

~~~~~~~~~

What the hell is wrong with November 2020 new posters?

mansons4 was equally negative on Monday 1st Feb on this BB as in his post on below:
############
Long Term - nail on the head.

I think folks don’t realise a mine the size of Sonora ain’t gonna be financed & up and running in a short time frame. I’m here for the long run... 2023+

Also, I only realised Bacanora is Sonora States answer to tequila... what’s not to love!

############

Not just this BB all over LSE --

that's open to interpretation makemoremoney,

I recommended because the fact it's a mining company with a devasting collapsed tailing dam and tragic loss of life, the fine is justified with other litigation for loss of life. Of course, maintaining a dam is essential and the KDNC Amapa deal will include funds to do so.

The Zamin project operates a dam downstream and, according to the lawyer, has a stability report granted by the Institute of Environment and Territorial Planning (IMAP) in July 2018. Despite this, Sodré added that the new company plans to invest US $ 6.1 million in structure to comply with the new dam safety rules of the National Mining Agency (ANM).

https://abifer.org.br/mina-de-ferro-no-amapa-deve-voltar-a-operar-em-2021/

Another reason why getting through the courts will benefit the region.

https://www.bbc.co.uk/news/business-55931523

Even before the virus struck, the oil industry was already having to rethink its future plans as part of the transition away from fossil fuels.
The Covid impact means companies such as Shell are accelerating that transition.

The Sonora 'gusher' ;-)

https://www.bbc.co.uk/news/business-55931523

Even before the virus struck, the oil industry was already having to rethink its future plans as part of the transition away from fossil fuels.
The Covid impact means companies such as Shell are accelerating that transition.

Had a look over that Bannor, as all I can offer is pay the fine and don't park there again ;-)

I'm of the opinion that Mexican Sonora lithium will mainly go to batteries produced in Mexico and into battery packs for EV's produced in Mexico, possibly drivetrains for export.

Ganfeng will have the say and perhaps Hanwa will already have Japanese customers wanting supply to go to production in Mexico.

Maybe some to the US.

Some big deal still pending and many more to come:

April 2019:

Volkswagen Group has signed a 10-year supply agreement with China’s second largest lithium producer in a move that will underpin the manufacture of more than 70 pure electric vehicle models over the next decade.

The German auto giant this week announced it had entered into a memorandum of understanding with Ganfeng Lithium Co Ltd for the supply of a significant share of its lithium requirements for batteries to power more than 22 million vehicles within the model ranges, between now and 2030.

of course, other deals may have superseded this but a great deal has changed since April 2019

looking over the last two days with both news releases some way dependent on approval from China, so, for instance, would the placing at 45p be appealing if China refused the pending approval of Ganfengs increased stake in SLL?

I do wonder if perhaps a large deal is dependent on the funding being completed, maybe someone wanting to have a long term supply agreement wanted to get pen to paper?

This is the lithium space where deals of hundreds of millions are becoming commonplace and now is a crucial time.

Deals like this:

https://teslanorth.com/2020/12/29/tesla-signs-5-year-lithium-deal-with-chinese-supplier/

looking over the last two days with both news releases some way dependent on approval from China, so, for instance, would the placing at 45p be appealing if China refused the pending approval of Ganfengs increased stake in SLL?

I do wonder if perhaps a large deal is dependent on the funding being completed, maybe someone wanting to have a long term supply agreement wanted to get pen to paper?

This is the lithium space where deals of hundreds of millions are becoming commonplace and now is a crucial time.

Deals like this:

https://teslanorth.com/2020/12/29/tesla-signs-5-year-lithium-deal-with-chinese-supplier/

That's my thoughts EV_BULL

In addition to the Fundraising, Ganfeng has stated its intention to potentially exercise its pre-emptive right at the Placing Price and to increase its holding in the Company to up to a maximum of 29.99% in line with its original shareholding in 2019. Completion of this investment from Ganfeng is conditional upon obtaining board approval and certain approvals and consents from authorities in the People's Republic of China

https://www.lse.co.uk/rns/BCN/holdings-in-company-pmw1oiptimdxpzq.html

Current 25.83%

They know what's planned for Sonora -

Maybe the price will hold if Ganfeng take their stake back to 29.99% @45p

In addition to the Fundraising, Ganfeng has stated its intention to potentially exercise its pre-emptive right at the Placing Price and to increase its holding in the Company to up to a maximum of 29.99% in line with its original shareholding in 2019. Completion of this investment from Ganfeng is conditional upon obtaining board approval and certain approvals and consents from authorities in the People's Republic of China

https://www.lse.co.uk/rns/BCN/holdings-in-company-pmw1oiptimdxpzq.html

Current 25.83%

They know what's planned for Sonora

stroga, I have to disagree, Ganfeng will probably be the largest global producer (if not already) they have signed significant supply deals with the majority of car manufacturers as well as battery producers - have added a recycling plant to Sonora, given that they are also a battery and storage manufacturer there's a real possibility they will add a gigafactory - GM, Honda and Ford have announced EV production in Mexico with VW recently investing in an engine production line in their second-largest factory also in Mexico - will they add EV's?

Now if the next news includes revised stage 1 production of x2, x3 or x4 this should a significant increase in SP, I have held on and off for several years when 2019 was the expected start of production and although plenty of disappointment I see BCN as a solid investment - I certainly wouldn't be holding if I thought the SP was to remain at these levels until 2023.

Tesla battery storage up 83% YOY billions set aside for green energy and transport, 2020 news articles practically all major car producers switching to EV's sooner - then announcing even sooner a few weeks/months later.

mansons4,

a real bad time to be a new poster 'November 2020' - pleb month on LSE

There's no end of 'new' posters who seem to have prior knowledge across AIM stocks - multiple aliases working together I fear.

FILTERED

And as the storming of the US Capitol building was underway:

https://www.techtimes.com/articles/255685/20210106/gm-manufacture-honda-acuras-evs-mexico-tennessee-2023%E2%80%94cruise-origin-self.htm

I would imagine VW will follow suit with their second-largest factory being in Mexico and already adding investment for engine production there since Trump lost the keys to the sweet shop in November.

Ganfeng have a great strategic resource in Mexico - today's BCN RNS didn't mention where their Sonora lithium is intended for unlike many of the past RNS's, Sonora Mexico could serve north and south American customers.

no problem cmww2014,

I had Q1 in myself from somewhere and so looked back for that reason, no mention where the lithium is intended to end up this time, probably just omitted but I have wondered for some time if north and south America might come into play with Mexico having a number of EV models being planned for production by GM / Honda and Ford add to that Ganfeng produce a range of batteries as well as MGwh storage so Mexico makes sense for battery production - Hanwa taking 50% might leave a capacity shortfall at current planned stage 1.

Sonora is a world-class resource according to Ganfeng -

Lithium prices are trending up across nearly all compounds, it's been a long time since so many showed green:

http://www.asianmetal.com/LithiumPrice/Lithium.html

looking very good and hopefully will continue at pace.

cmww2014,

H1 is consistent with the initial announcement in November:

https://www.lse.co.uk/rns/BCN/ganfeng-exercises-sonora-option-7fez3le8p8ie190.html

This is a significant milestone in the development of the Sonora Lithium Project and demonstrates Ganfeng's ongoing commitment to the Project which is targeting production in 2023. As part of this development timetable, Ganfeng is continuing its engineering programme and has already completed its flow sheet design for the production of battery grade lithium. Ganfeng is now integrating this work into the final engineering design and remains on schedule to deliver its final engineering packages to Bacanora during H1, 2021. Ganfeng continues to work with its equipment suppliers to determine equipment delivery times to align with a target of production in 2023.

Apologies Mullins58, I was on the look for the link on the Bacanora website when there was no show here, a little late for the RNS 4:20 PM and probably caught a few out.

Not showing on LSE

https://polaris.brighterir.com/public/bacanora_lithium/news/rns/story/rd9g19x

01 February 2021

01 February 2021

Bacanora Lithium plc

("Bacanora" or the "Company")

Ganfeng signs new Joint Venture Agreement following the exercise of its option to increase investment in Sonora Lithium Ltd ("SLL")

Bacanora Lithium plc (AIM: BCN), a lithium development company, is pleased to announce that its cornerstone investor and offtake partner, Ganfeng Lithium Co., Ltd ("Ganfeng"), has today signed a new joint venture agreement in connection with its investment in SLL ("JVA") following the exercise of its option to increase its stake in SLL from 22.5% to 50% (the "Option"). Completion of the JVA remains conditional upon certain approvals and consents from authorities in the People's Republic of China. The final approval outstanding is from the State Administration of Foreign Exchange ("SAFE"), which is expected in the coming weeks at which stage a further announcement will be made.