Member Info for KLUCK17

mrcautious

mrcautious

How high do you expect KDNC to rise ? My dilemma is average down or buy more BCN that I have a lot of faith in

Regards

wolfi I guess the sp is higher there because the volume is very small.

Totally agreed.

Indeed stroga

So far so good but who is buying? . Is it traders that sold the day before on the high hoping for a repeat or II who took advantage of yesterdays fall and continue the buying today? If the latter then is likely that the sp will rise again significantly in the short term .Perhaps market experts like bidnolid could enlighten us

Good morning Newboy58.
"So expect a red day." May be not after all todays RNS is not breaking news.

apologies if already posted

https://seekingalpha.com/article/4377829-bacanora-minerals-ltd-bcrmf-ceo-peter-secker-on-q2-2020-results-quick-version-earnings-call?page=2

Thank you stroga. I am still here still waiting since 2014 . I bought a substantial part of my holdings after the directors bought a big chunk from REM (KDNC) at almost 3X the current price . I am still convinced that this is a sound investment and I am only worried of a buyout at these levels . I will fill more comfortable when the sp breaks the 50p barrier.

https://www.lithiumamericas.com/news/lithium-americas-and-ganfeng-lithium-complete--the-cauchar-olaroz-jv-transaction

@mrcautious It seems somebody is accumulating at these levels. I hope that it is not GFL They already have circa 29% Pass30% and they have to make a buyout offer with all the dire consequences for LTH like my self with much higher averages.

I have noticed that for the last few days, a small volume in the early hours of trading increasing substantially the last hours

"Bacanora acquired an initial 50% interest in Deutsche Lithium GmbH ('DL') (the 100% owner of Zinnwald) in February 2017 and has an option to acquire the outstanding 50% ('the Option') that it does not own. The Company is pleased to announce it has reached an agreement with the administrators of SolarWorld AG ("SolarWorld"), which holds the remaining 50% interest, to extend the Option period from August 2019 to February 2020."
RNS 5/6/2019
https://polaris.brighterir.com/public/bacanora_lithium/news/rns/story/xe936jr

I believe the fate of Zinnwald has been decided Most probably BCN will exercise their option to buy the remaining 50% having agreed with another party/parties to joint develop it. The European subsidies will come handy also .https://twitter.com/BacanoraL/status/1207218624659951618
Now it could be Ganfeng but I would not rule out a deal with TESLA who are building their 1st European factory near by. https://twitter.com/BacanoraL/status/1194540568778608640

Then again... a change in management could change the trajectory of THOR and the sp

I may be mistaken but a similar resolution was passed last year

"Ganfeng taking 50% of stage one. So Hanwa can only take 50%
No off take left for State of Oman is they wanted to resurrect deal?"

….perhaps there are thoughts to increase production of stage one but we wont know until Ganfeng completes their EPC review and full finance is secured.

I hope that BCN will help me recover some of my losses from gambling with REM

Its a great time to enter or average down....