RE: SOLD3 Jul 2019 01:37
Hey Buzz, yours is a name that I recognise from the past. Afri maybe? Anyway, I'm not convinced that that you will double your money next door any faster than here. Of course I wouldn't stake a life on it. The way I see it.... Kdnc have ties /holdings in a good few projects, all of them progressing towards the goal. We may sell our holdings or be bought out at anytime. I think the company ethos was to invest in early stage projects and get out with a profit ASAP. To date we we seem fcuk up ASAP. The resent spike is a pretty good example of how this share can move.
Bcn has two projects. Sonora, as we know is worth a bloody fortune, telephone numbers was how C. O. E described it. They finally appear to have the project sorted, off takes, finance etc. The 'rumour' was clarified last Friday. That to me is the problem, buy on rumour sell on news. So now we have a two year wait till production and an income. Traders /the herd, move the share price, not long term investors. I'm not saying the sp won't move but I'm thinking the herd have moved on. You never know, Bnc may announce a second mine tomorrow or receive a offer for Sonora or a part of it. Point is the lithium is in the ground and will be for quite sometime. Loads of time to think about buying into Bnc and a divi that will keep on coming for a 100 yrs. In the meantime traders are doing what they do.... trading.... elsewhere.