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Analysts at VSA Capital have a ‘buy’ rating and 115p per share price target on Bacanora Lithium shares, well above the current level of 21.75p. They said: “With this technical selling now indicated to be complete we expect stronger support for the stock ahead from a trading perspective.” Overall, the VSA analysts think the fundamentals for Bacanora remain unchanged with Sonora remaining a highly attractive asset which is, in their view, “deeply undervalued”.

Volkswagen will buy 50 billion euros (£43.20 billion) worth of battery cells for electric cars and has identified South Korea's SKI, LG Chem and Samsung SDI as strategic battery cell suppliers as well as China's Contemporary Amperex Technology Co Ltd (CATL). The German automaker is retooling 16 factories to build electric vehicles and plans to start producing 33 different electric cars under the Skoda, Audi, VW and Seat brands by mid 2023. "We are considering an investment in a battery manufacturer in order to reinforce our electrification offensive and build up the necessary know-how," Volkswagen said.

It’s an asset, with a value, that can be sold.

Thanks Stroga, that’s a great link. Zinnwald- 5 Billion Euros. That’s a good start.

Spin-off may land first. Or perhaps a bid? There are 3 very large Companies circling. Certainly significant news potential very soon.

I note VSA Capital have a recent SP Target here of 115p. https://www.proactiveinvestors.co.uk/companies/news/216967/bacanora-lithium-focused-on-providing-key-battery-metal-for-electric-vehicles-from-big-mexican-project-216967.html

Spadge. Everything is cool here, it’s a good board, lots of good info & links from sensible posters. Slow & steady, which is what we like.

As long as it’s just steam you’re blowing off. Talking of blowing, there’s a lovely sea breeze this morning, sun is out, a few sailing boats appearing amongst the fishing fleet. Just planted up some big containers. Cracking day all round.

Nice 100K Buy first thing. About time WSG got going again methinks. Good post Etin.

At it all day yesterday & again this morning, whether the price is moving up, sideways or down - he (They?) are buying buying buying..... Not ramping- just looking. 29p Going....sorry gone 30p going.....

5v2 28p Going Moving Up quickly on tiny volume - stock very tight May well be a big mover today

3v1 27.5p going

Southern Copper, The Chinese, Omani Wealth Fund & The mysterious HANWA 50 Billion Yen ($460M USD) Hybrid Loan drawn down on 12th March..... Certainly a lot in the Mix for investors to make their own conclusions. Buyout or funding.....

It’s still in Auction whilst the rest are closed- Going to be a fun couple of months!!

Good to see this starting its journey back to a sensible value. I’m sure stock is going to get scarce as PI’s load & hold so daily rises will be pretty regular. Feels like the market has started to catch up on to how large our Lithium deposits are, how cheap to extract, & how seriously undervalued Bacanora currently is.

Your L2 is playing up. 24.925p paid, not 25p. But I agree, not a great deal available at 25p in any case.

Everyone!! The shackles have been lifted it seems.

Up 3.3% & last few at 24p...... Today could be the beginning..... Considering Antharry & Stroga now hold vast quantities they will dictate what the SP does!!! Lol

Opened up 2.2% & no trades. Are we free to start moving up today?

Looks like Ant’Large Pockets’Harry has turbocharged the SP singlehandedly - last few available at 23.50..... .......too late.....24p now. Maybe finally our seller is out Antharry finished them off!!