Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
8-Jan-22 10:19:31 17.00 400,000 Unknown* 16.00 18.00 68.00k
@Zodiac Maybe but the chances are for sp to stabilise or go up given that shortly another RNS will be landed for the copper lab results and as J4ams put it "strong news flow in the coming months"
1X500K paid full ask 19p &
1X500K paid 18,994
both at 9.00
Cadellin , Today's announcement concerns gold findings only. I expect another surge of the sp once the copper results are received.
The MM dictate the market rules and we cannot outsmart them. A brilliant example is the share price increase of CMRS yesterday. Until 16:45:47 the share price was showing an increase of 2.5p or about 21% then a final trade -Uncrossing Trade -for only 2045 shares at 14p wiped out the day's gains and the share price ended in red. Without that trade the share would have closed at 17.25p and todays rise to 17.5 is actually only about 1.46% and not 25% that is showing now. Today's volume so far is in excess of 2M.....
The share price increase shown today is wrong. If you ignore the small UT trade that obscured the price yesterday todays rise amounts to only .25p thus we have a share increase of only about 1.46%. The big rise was yesterday but they made it look as if it was a share price reduction.
It looks that somebody is laying the groundwork for a buying spree tomorrow at lower prices ... or so he hopes....
Hi Bampster,
Nice to see you here too. I bought my first shares in BCN in 2014 and average down heavily in order to make a modest return. I bought most of my shares when REM sold their holding and the chairman /director bought a substantial amount at 70 p. That was the green light for me to buy more. Unfortunately, when they tried to raised finance in London the 1st time and they were offered 70p they turned it down but they were quick to accept the GFL offer for 25p a couple of years later. I have no evidence but I believe at that time they sealed the sale as well. Any way that's history.
I am a few pence down here but I don't worry the least. (It's already 2.5p up today.) If the grades of gold and copper are confirmed -which I believe they will- this will reach previous highs in a matter of days. I disagree that this is not excited as the lithium stocks -copper is also a critical metal for batteries and not only. What I love in this stock is that you don't have to wait years and years to production! It's really amazing if results are positive, we could be producing by the end of the year! Maybe I should stop advertising as I am itching to buy a few more ...
Good luck.
PS This is a quite BB and I hope it stays that way
There is a lot of talk when the share price will rerate. To what extent will rerate is anybody's guess but I prefer the conservative estimates of EV. The important milestones leading to uprating of the sp are IMO the following
1.Increase of our shareholding in AMAPA to 27%
2.Puplication of the DFS
3.Possible buys by II and or a heavy weight co
3.Financing mine plan
4.Production
I deliberately omitted our interests in other projects eg Sonora Mexico and Australia as the prospects for these are highly dependable on third parties. There may be other important milestones that I haven't mentioned Please update.
Best of luck DYOR
I am fully loaded now and patiently await the lab results to be published. I hope the grades are as good or better than the indicative values obtained at site.
I still have some concerns beyond the lab results mainly the securing of:
environmental & mining licences &
water supply
However, the pros in my opinion mitigate the risks
very good initial indicative results
operate in a European country with a rich history for copper mining
Only 65M shares in issue and free float 54%
The joint ventures will reduce profits from production but at the same time reduce the need for large dilution to raise finance for the mine.
ore resource at near surface
directors have a fair shareholding
Production by the end of the year
Good luck
Fozdog Thats exactly what they said to me (clearstream). I missed the ZNWD rally.
I hope another stock I am accumulating remains at current levels until I have access to the funds from BCN
John the trading volume of ZNWD in Frankfurt is not a good prediction of the trading volume in London tomorrow. BCN was trading in both London and Frankfurt but the high volumes in London were never reflected in the German burse. Personally, I expect high volume on AIM tomorrow and the share price to rise but then again, I could be wrong.
BB I guess you are aiming for a quick killing on AIM tomorrow. but the share DID not rise 29% in Frankfurt today
Tradegatexchange show an increase of only 5.41% with a relatively small volume (62980) current price euro .1896 High .20
BID SIZE 5 800
ASK SIZE 5 200
HIGH 0.20
LOW 0.18
LAST 0.195
CHANGE +5.41%
TURNOVER 12 TEUR
VOLUME 62 980
Ø-PRICE 0.189
5.41% is good for me
Best of luck
"CANCELLATION OF ADMISSION TO TRADING ON AIM ."
I received the above message from my corporate action team today. I believe it concerns my shares and not all BCN shares. Last milestone -money in the account and the end of a 7-year investment adventure. I had a reasonable return but it could be much better with a better bod.