Member Info for KLUCK17

@Sjb777 "But would add in my view the selling is due to profit taking, " Agreed those who bought in the lows can still sell with a good profit. Perhaps they waited until the last RNS in hope to make even bigger profits Most probably they will buy back when the price starts moving up again

Hi Bannor,
Now that they have sold almost all their direct holding in BCN hopefully they have a buyer ready for the JVs. GFL is a good candidate .

@tomcat-14
Could you please provide the date of the announcement on SEDAR to enable opening the link ?

Regards

"Will we ever go into the big boy pool with our shares do you think?"
"Possibly when we are producing."
I believe that it was mentioned in one of their presentations that they were contemplating to move to the main market some time sooner. But I could be mistaken .

@degsie Thank you for the info

BCN should clarify the matter especially after the Mining Journal article. Emailed them to that effect.
@ tomcat My take is that GFL believe they can increase stage 1 production without increasing the initial construction capital cost.

"Hanwa Corporation of Japan previously pulled out of a five-year lithium offtake agreement with Bacanora¨ Well Bacanora says otherwise. See June presentation

https://www.bacanoralithium.com/cms/wp-content/uploads/2019/06/The-BCN-Presentation-June-2019.pdf

"? Hanwa Investmentand Off-take: ? Strategic 10% shareholder ? Lithium carbonate offtake for initial 10 years of Stage 1 production ? FOB contract for battery grade lithium carbonate at market pricing ? Stated intention to conditionally invest a further $25m upon completion of full project funding"

Seriously now GFL are contemplating to invest millions and are unaware of this important detail? I don't think so.
By the way the royalty was 3%

Change of details for Bacanora Minerals Ltd as a person with significant control on 29 May 2019
https://beta.companieshouse.gov.uk/company/10246575/filing-history

jimb2 Once more I feel the need to thank you for the valuable info and important links you provide us with.

Best regards

@Bannor How much do yo value our 30% of Sonora? I guess we will have a better idea at the end of this month if and when the deal between BCN and GFL is concluded

In my view & based on the good results published so far, BCN will exercise the option to buy the remaining 50% from solarworld for onward sale to Hanwa and/ or GFL who will provide the €30 million. The FS could be published any day now

a=17.5 ;b=17.5 ;c=35; c(50%)=17.50; d(75%) =52.5;d=70
based on both the Hanwa and GFL offtake agreements and WISHFUL Thinking

@addicknt Well said. Most of them they put their own personal interest first and suffer from the
Dunning–Kruger Effect.

Resource Estimates

http://www.lse.co.uk/share-regulatory-news.asp?shareprice=REM&ArticleCode=2guuofcx&ArticleHeadline=Update__El_Sauz_Fleur_Lithium_Property_Mexico

http://www.lse.co.uk/share-regulatory-news.asp?shareprice=REM&ArticleCode=0hwl3779&ArticleHeadline=Filing_of_Technical_Report_Sonora_Lithium_Project

@observer thank you for your reply.
@maddog THR consolidated I think 25:1 but their sp is still as volatile as it was before. It reached 4p soon after consolidation and now is trading .75p even though the prospects of the company have improved.

stroga Thank you for the info provided

Given that the FS will show substantial value ( PS 20/3"With the FS at Zinnwald on course to be completed in Q2, we will soon have a first independent valuation for Zinnwald which we are confident will far outstrip our current market capitalization".) I am of the strong opinion that BCN will exercise their option to acquire the remaining 50% from Solar World and sell part of the holding to a strategic investor who will provide the funding.Folowing this Deutsche Lithium GmbH could be listed generating additional funds

https://news.bloombergenvironment.com/environment-and-energy/chinas-rare-earth-mining-limits-may-raise-price-for-ev-makers?utm_source=rss&utm_medium=NEVE&utm_campaign=00000169-a47f-dad6-ab6d-f77feb240000

Observer842 What is the current value of the JVs in your opinion and what would KDNC hope to get from a change of control/take over of BCN?

regards

Don't hear from you much. A lot of newcomers have taken over the BB Have you abandoned ship? I added some more yesterday. I still believe that BCN will reward us at the end. Certainly the demise of the sp was a bitter disappointment and something I never expected.

Best of luck