Member Info for jimb2

absolutely Bannor,

Ganfeng's increased stake should be seen as an endorsement for the Sonora project and the financials.

https://www.miningweekly.com/article/tianqi-lithium-says-no-cash-flow-improvement-as-debt-clock-ticks-2020-11-16

A collapse of Tianqi, which has a stake in Australia's Greenbushes mine and counts battery makers LG Chem and Northvolt among its customers, would rock a lithium sector that has already seen Australia's Altura Mining go into administration this quarter.

I wonder what their production costs have been compared to BCN?

This might put a strain on Australian mining - I wonder how this will develop considering Ganfeng have just taken a higher stake in BCN they must be confident on the project financials.

https://www.miningweekly.com/article/tianqi-lithium-says-no-cash-flow-improvement-as-debt-clock-ticks-2020-11-16

https://cleantechnica.com/2020/11/14/race-of-the-tesla-gigafactories-giga-austin-24-7-with-3-shifts-may-exceed-giga-berlins-speed/

Tesla Austin gigafactory three shifts 24/7 construction.

https://cleantechnica.com/2020/11/14/race-of-the-tesla-gigafactories-giga-austin-24-7-with-3-shifts-may-exceed-giga-berlins-speed/

Well with all the wind turbines rolling out (even by oil/energy companies) and then EV production using permanent magnets in electric motors it's good news to me.

And then - the big demand hyperloop systems!

ZNWD you can buy on Barclays, you might also take a look at KDNC if you want to spread the risk across a number of mining projects, KDNC is awaiting a court ruling in Brazil that could be a gamechanger with directors having recently purchased at current prices, they also have a stake (circa 15%) in EMH as well as a JV with BCN for JV leases in Sonora that are planned to come into production in around year six from mining commencement, however, this is based on production at the start of 17,500t - this could well be very conservative.

Then we have to consider if Ganfeng might make a move on the KDNC leases, KDNC also has interests in Australian Iron ore TSX:MMS and rare earth minerals ASX:HAS.

BCN still have 44.3% stake in ZNWD so that might suit you although it might be tight getting in at this price tomorrow!

Of course, DYOR but whatever you decide now is a good time for battery materials.

GL

Agree with that obs, any news on the Orr Ewing royalty challenge?

EyeGuy
"If you don’t like the shares, trust the bod or don’t like the company then sell up imo."

There have been posters here for several years who on a more or less daily basis spread despair and yet although I have them filtered I can deduce from the responses of others that they are still active - fact is if they believed what they posted they wouldn't be holding - use the Filter - problem solved!

Coincidence, as it's now becoming certain that Trump has no chance of reversing the election result - Ganfeng made their move - is there more news to come now they have secured 50% and Biden taking office in January!

very interesting with the timing:

https://www.marketscreener.com/quote/stock/JIANGXI-SPECIAL-ELECTRIC-7641134/news/China-s-Ganfeng-posts-profit-jump-quits-deal-to-take-over-more-lithium-lines-31643203/

In a separate filing, Ganfeng said it had terminated a deal announced in August that would have seen it take over 25,000 tonnes of annual lithium carbonate and 5,000 tonnes of lithium hydroxide production from smaller firms including Jiangxi Special Electric Motor Co.

Upstream, one of its raw material suppliers, Australian spodumene producer Altura Mining, announced on Monday it had gone into receivership, although a Ganfeng spokesman played down the impact on the company.

Interesting they have increased their stake in BCN,

https://www.nasdaq.com/articles/chinas-ganfeng-posts-profit-jump-quits-deal-to-take-over-more-lithium-lines-2020-10-29

Very positive that Ganfeng has taken a bigger stake especially on the back of this:

https://www.nasdaq.com/articles/chinas-ganfeng-posts-profit-jump-quits-deal-to-take-over-more-lithium-lines-2020-10-29

EyeGuy,

agree with that, some people have no vision this is playing out exactly to script with the disruption in transport and energy now gaining momentum at ab extraordinary pace.

I recall one poster slating others for posting about Tesla not understanding that the projected demand from Tesla alone would surpass global production at that time - because we had no contract to supply Tesla! damn fool - doh!

Filter them -

What we need is another announcement maybe that Ganfeng will be building a gigafactory near Sonora - seems the next logical step to me.

Mining
Recycling
production

a massive increase in mining output perhaps multiples of what was originally planned.

So the bod is investing based on Amapa?

So isb believes this will be 15p on Dec 31st and whinged on about not selling a while back at 16p - just confirming I made the right decision Filtering him/her.

https://insideevs.com/news/453095/bmw-produce-electric-cars-all-plants-germany/

all four BMW plants to produce EV's and batteries by 2022

Already post the August 19th News but an update in November that might include the CR - Tinci operate in China

August 19th 2020 Tinci Materials announced that at the meeting it held on August 17, the company approved the plan proposed by its fully-owned subsidiary Tinci Materials Technology Czech S.R.O. on building up a 100,000tpa Li-battery electrolyte project (stage one) in Czech; and the total investment will beRMB275 million (USD39.74 million) with RMB195 million (USD28.18 million) for construction andRMB80 million (USD11.56 million) as working capital.

https://www.yicaiglobal.com/news/tinci-materials-to-build-usd396-million-czech-lithium-battery-electrolyte-plant

November 9th 2020
On November 6, Tinci Materials announced that its fully-own subsidiary Jiujiang Tianci signed a Li-ion battery electrolyte supply agreement with Tesla recently; in the agreement, Jiujiang Tinci and Tesla stipulated terms on product pricing, supply mode and product standards; no compulsory terms were made in the agreement on Tesla's purchase volumes, and final sales amount will be settled upon actual purchase orders placed by Tesla

https://www.yicaiglobal.com/news/tinci-materials-technology-stock-soars-to-record-on-tesla-supply-deal

It's been a long wait but so much happening on several fronts!

I missed this from 7th

https://insideevs.com/news/453095/bmw-produce-electric-cars-all-plants-germany/

all four German BMW plants to produce EV's and battery modules by 2022

And other news that might include Tinci CR

November 9th 2020
On November 6, Tinci Materials announced that its fully-own subsidiary Jiujiang Tianci signed a Li-ion battery electrolyte supply agreement with Tesla recently; in the agreement, Jiujiang Tinci and Tesla stipulated terms on product pricing, supply mode and product standards; no compulsory terms were made in the agreement on Tesla's purchase volumes, and final sales amount will be settled upon actual purchase orders placed by Tesla

https://www.yicaiglobal.com/news/tinci-materials-technology-stock-soars-to-record-on-tesla-supply-deal

August 19th 2020 Tinci Materials announced that at the meeting it held on August 17, the company approved the plan proposed by its fully-owned subsidiary Tinci Materials Technology Czech S.R.O. on building up a 100,000tpa Li-battery electrolyte project (stage one) in Czech; and the total investment will beRMB275 million (USD39.74 million) with RMB195 million (USD28.18 million) for construction andRMB80 million (USD11.56 million) as working capital.

https://www.yicaiglobal.com/news/tinci-materials-to-build-usd396-million-czech-lithium-battery-electrolyte-plant