Member Info for Matthew125

@ nomadicinvestor - indeed, a hostile majority holder can make life very difficult.

Well, I'm convinced! :P ROFL

The Chinese can have it, if they are willing to pay a fair price. It isn't the buyout per se I am annoyed about. It is the BOD incompetence in unlocking any value here before selling!

You should vote no. Get Ganfeng to at least try and pay a fair price!

I don't see BCN going back to 45p even if Ganfeng don't put the offer in. The 67.5p is a low ball offer and the market will know it. Expect buying pressure at any price below it.

I like SAV, need to do a bit more research but seems sound.

151k shares here and I will vote against. If Ganfeng want it thought, I suspect the best we can hope for is an increased offer and probably no where near the 2x that I think would be fair. :D
Cheap takeovers are always a risk with AIM. It has happened before and will happen again. If you get out with a profit you have done ok!

Any buys in JAY under 10p will do well LT. Picking highs and lows consistently is just not possible. You may get lucky now and then but at the end of the day you will likely miss the big moves and it will cost you more in trading fees. Just my 2cent!

My main bulk is down in the 21p average and been in heavy for 2 years. Also been topping up with anything under 40p, agree total no brainer! 67.5p would be disappointing. I was hoping for a bear minimum 85p this year and possible 150p but oh hum, no LTH and I will have to think about what to bulk invest in next.

With current events, seems clear that Ganfeng's hand was in on the 45p placing. This is so undervalued and I wasn't wrong in continuing to top up at anything under 40p but 67.5p is too low. Time will tell.

@mrcautious - I am really started to lean heavily towards Secker being an idiot! This offer should already have been kicked to the dust. Still profit is a profit and I will have a lot of funds to find another home for!

Anything under 150 is completely out of the question for me. Expected a lot more here.

.... and all of your future profits and dividends too! It is a poor offer for such an undervalued asset!

Good numbers from r7632 and PS did mentioned increasing stage 2 to 50ktpa in the lasrt interview I saw. I still think we could see 80-85p by the end of the year which would be fair value to our current position. I also think that the price is being held back by outside risks which the market is giving too much credence to. I'm in heavy here and have still been adding on dips under 40p. Possible that there is some lower downside but in my view it is limited where as the upside is protential far higher.

I would be interested in what the cash burn rate is here. Still hold a small amount here, with the spread so wide and market cap so close to approx. cash amounts, I don't see the point of selling here. I definitely have issues with the management but one bit of good news or even just a rumor of a positive deal could see value added. The other scenario is a slow decline though cash burn, but TA must have seen something here to invest 20% at 2p? Not sure I see it myself atm so no top-up currently for me!

Been topping up under 1.8p, my average is down to 1.9-ish now. This share sold off too much. It may not be GGP but LT it is easily good for 15-20p.

Bacanora Lithium: Continues To Look Overvalued On Fundamentals - One word, nonsense!
Compare it with LAC or EMH or even ZNWD which BCN still own a large piece. Compeared to the protental production size and state of development BCN has to be one of the most undervalued of the protental lithium producers coming online, possibly SAV might have more value at the moment but I need a bit more of a dig there before I invest there instead of here. Unless there is a serious screw up in the development timeline, I can't see another raise needed, certainly not before stage 1 is complete and there is some positive cash flow coming in! At that point the value of the company should easy be 3 or 4x from here (maybe even 5x!), making any raise for stage 2 at a much higher plateau. Also remember that the last placing was done at 45p which was a total gift for the in crowd that got word of it first, sold in under 2 hours, and Ganfang were more than happy to top up their stake too!

Suppose that depends on where you draw the overbought RSI line. Last RSI peak was 79.88 which I would say is in the overbought area but if you draw the line at 80 then it was just under. Still I wouldn't sell just due to any silly RSI!
I am seeing the price fast approaching some resistance around 135-140, in fact, this was my target area when I bought it (down in the 40 and then 60 area)! Do people have any higher targets that they would like to justify? There was talk of reinstating the dividend. I am toying with the idea of continuing to hold some longer term.

My LT target is 350, but yeah I also almost sold on this retrace. Definitely protental for LT turnaround here but I will be happy with my 350, seeing as I only bought this last year for 110!

Got a link to the interview?

Actually looks pretty cheap at the moment, compared to assets and cash, and if it does turn out that Anderson blocked the deal because it was a bad one it could turn out to be a real blessing. Spread is a bit wide to buy at the moment but I may buy more if it drops a bit.

....or both are over valued loss making companies

Sorry, I'm being a little facetious but I'm just starting to have a look around on opinions about ROO. Going to have a dig into the company and see what I come up as a fair value. Bound to be a fair bit of volatility in this stock for a while so going to be good for daytraders!

May have been a bit early to average down! But there should be strong price support just under 2p so I would sit tight. I am thinking of topping up myself.