Member Info for KLUCK17

Newboy The share price could also re rate massively in a very short period of time on announcement of a deal for co production/sale of our Mexico holdings.

Buys cannot occur without sales and the fact that the price remains constant is an indication that there are "happy" sellers at this level.

volume so far 299.7K Who is selling at this ridiculous price?

3x100k Was it you addicknt ?

Deal to Create Chinese Lithium Giant Faces Legal Challenge

https://www.wsj.com/articles/deal-to-create-chinese-lithium-giant-faces-legal-challenge-1540123201

"Tianqi agreed in May to buy a 24% stake in SQM from Canadian mining giant Nutrien Ltd. for $4.1 billion."
Why bother with SQM come to BCN and we will sell you the lot for half the price!

A water fight in Chile's Atacama raises questions over lithium mining

https://twitter.com/BacanoraL

https://uk.reuters.com/article/us-chile-lithium-insight/a-water-fight-in-chiles-atacama-raises-questions-over-lithium-mining-idUKKCN1MS1L8

I am not sure whether they are discussing finance as announced or the sale price with a strategic investor.
Could their tweet on 11/10/2018 interpreted to that effect? https://twitter.com/BacanoraL/status/1050349603709693952

"Strategic investors snapping up high potential #lithium plays - Chinese Ganfeng Lithium purchases SQM’s 50% stake in the Cauchari-Olaroz project in Argentina for $87.5 million #BCN #AIM as lithium land grab continues"

Hi addicknt ,I still believe that your prediction for a sp of around 5 pounds could become a reality in the next 2 years if meanwhile BCN is not taken over by a major.

My take is that production in Mexico will begin in 2020 as planed. The latest RNS indicate that the FS for Zinwald will be good and BCN will proceed with the exercise of its option to purchase the remaining 50% still held by Solar World.
BCN is in a unique position with the Sonora ready for production and Zinwald in an advance stage of exploration with good prospects in the heart of Europe. Finally don't forget the added value from the Magdalena Borate project .No wonder the IIs are still hanging around.

Chile regulator refuses to raise Albemarle lithium output

https://www.reuters.com/article/us-chile-albemarle-lithium/chile-regulator-refuses-to-raise-albemarle-lithium-output-quota-newspaper-idUSKCN1MG0U6

tomcat -14 that s what I think too It wants to reassure PIs who have fallen prey to shorters and advise from various financial sides. Of course the first thing they stress is that the annual report will include "a full update to shareholders on progress at its Sonora lithium project in Mexico"
I expect these updates to tell us how ,much work has been done for building the production plant and perhaps indicate that production will start in 2020 as planed.Inevitably the updates will -I hope they wiil- address the important aspect of the remaining financing.

Mr James I m sorry to hear that you sold out at these prices. I share your views for aim and that many posters talk crab and in order to make a profit they will post any thing that serves their purpose. Some pretend to be long term holders but they are actually day traders and they will attack maliciously somebody with a different view
If you had follow the REM BB since 2013 as I did you will know what I mean.

I still hold BCN with a paper loss of circa 50% and if I had more available cash I would add some more at these prices as I believe the sp will recover sooner or later. This is my opinion o course and I could be totally wrong. Certainly as other long term holders and with hind sight I wish I had sold when I was making a hefty profit but never anticipated this dire situation. The reasons I did not sell was the share holding and the caliber of IIs; the share holding of the directors -purchases at and or above 70p.At these prices is also the conversion price of most of the options they hold .Finally the proven assets BCN and the 100% offtake agreements. These were the reasons I did not sell when I was in profit and these are the very reasons I am not selling now.

If somebody cares to see how much the directors stand to loose if BCN doesn't make it just read the Sedar release of 19/2/2018 pages 30-40

Thank you addicknt .I would prefer the sale of the company rather than going to production .£3 is not bad though I would be happy with less than that

@addicknt may be the article was based on this report:
https://www.shell.com/energy-and-innovation/the-energy-future/shell-energy-transition-report.html

"ELECTRIC VEHICLES AND IMPACT ON LIQUID FUELS Shell’s Mountains, Oceans and Sky scenarios show a rise in demand for electric vehicles (EVs) in the next few decades.
This trend is fastest in Sky, where more than half of global new passenger car sales are electric by 2030. By 2050, consumers in this scenario will not be able to buy an internal combustion engine (ICE) anywhere in the world.
As a result, the number of ICE cars will fall over time and the number of passenger kilometres driven on electricity will rise rapidly.
Combined with the impact of better mileage of the remaining ICE cars, this means global consumption of liquid hydrocarbon fuels in the passenger segment falls by 1.5-2 million barrels per day by 2030 compared with today.
This transition will happen at different paces in different parts of the world. In the Sky scenario, 100% of new car sales will be electric by 2030 in places such as China and Western Europe, and by 2035 in North America and some other parts of the Asia Pacific region.
Other countries, including India and those in Africa, take longer to make the change. This is partly due to the time it takes to build the power infrastructure required in those countries where the grid is still underdeveloped. "

Why? The article you quote is old
As at 5/9/2018 G.E held 11.76%
ttp://www.bacanoralithium.com/cms/wp-content/uploads/2018/09/BCN-Presentation-September-2018-05.09.18.pdf
Basically the same holding as 16/2/2018
://sedar.com/CheckCode.do)

@addicknt I share your feelings and views.I remain confident. The fact that II are still here sends a positive message .Selling at these levels rewards the shorters .Don't give them cheap shares to close their short positions otherwise will push the share price even lower

I see directors dealings and substantial holdings as safety net for the ordinary investor They bought shares and exercised options at or above70p Will they allow their investment to dissipate? I don't think so. Just be patient and value will return.

tools.morningstar.co.uk/uk/stockreport/default.aspx?tab=5&vw=dd&SecurityToken=0P00013P1G%5D3%5D0%5DE0WWE%24%24ALL&Id=0P00013P1G&ClientFund=0&CurrencyId=GBP&TransactionSize=0

PS They also stand to loose millions from unexercised options if the sp does not rerate substantially

according to Morning Star
http://tools.morningstar.co.uk/uk/stockreport/default.aspx?tab=5&vw=own&SecurityToken=0P00013P1G%5D3%5D0%5DE0WWE%24%24ALL&Id=0P00013P1G&ClientFund=0&CurrencyId=GBP

Hanwa has a direct interest of 11.11% . Mr. Junichi Tomono who is a director of BCN and director of 3 Hanwa subsidiaries has 9.20% Thus together they have 20.33% of the issued shares. Is it unreasonable to conclude that Hanwa to a large extent is calling the shots?

http://science.sciencemag.org/content/361/6404/758

At last they decided to tweet

https://twitter.com/BacanoraL

Though management decided to concentrate on lithium in their quarterly "MD&A of May 2017 they announced that:
“The Company has entered into a 12 month exclusivity agreement with a potential local investor to evaluate the borates leases and metallurgical testwork results, following which the investor may elect to acquire up to 80% of the Company’s interest in the project upon terms that are subject to negotiation between the parties in the event that the investor expresses a desire to acquire such an interest. The Company will be providing technical support to the investor during the evaluation period. “

Was there an announcement regarding the fate of these discussions which I missed?

According to the preliminary results published in April 2016 the borates represented a good asset.

Open Pit Mine Production per annum 231,100 tonnes @ 10.5% B2O3 Colemanite concentrate production per annum 50,000 tonnes @ 42% B2O3 Revenue ($US500/tonne of colemanite concentrate) per annum $25 million Cumulative NPV (8% Discount) $US113 million Internal rate of return (IRR) 24.8%
Average Operating costs $US170 per tonne Total Initial Capital Costs $US7.25 million Expected Mine Life 25 years Pay Back of Capital Costs 4 year