Member Info for mrcautious

I think Woodfords investment strategy is like pinning the tail on the Donkey frankly. He is spoke to be the expert. I am an expert in rebuilding small engines but I am supposedly not the investment expert Woodford was supposed to be.

Quite right the FCA are a gummy Tiger they wouldnt do anything if a company started hacking into peoples bank accounts. For instance -- they knew London & Capital Finance were running a dodgy and unsustainable business 2 years before they collapsed wiping out thousands of peoples holdings and all they seem to say is "these were unregulated investments" so thats them of the hook even though they approved the company operating in general.

Ramp quality has declined of late -- thats because of the loss of FLAWLESSKICKS. I dont miss the prick but his shear ramping endurance was epic.

I just realise who Secker reminds me of - Sgt Wilson from Dads army !

I agree we have moved to a lesser level of hope....

I think KIA make a hydrogen version of their SUV which is nice albeit Tesla Model S pricing. My take is ok Hydrogen produces no pollutants and allows you good range with fast refills. However, Hydrogen takes power to produce in any sort of volume, its very very dangerous - makes petrol look inert in terms of explosivity. Virtually no distribution infrastructure yet. Fuel cells will likely always be very expensive to make to give decent capacity as they use Platinum and various other rare metals.
How long do they work for without replacement/specialist maintenance - (this could be leveled at batteries also though).
I just dont think they will ever be cost effective personally...

Nigerian Government can't recover $62 bln sought from oil majors. You have to laugh at this.
https://uk.finance.yahoo.com/news/1-nigeria-govt-cant-recover-163029916.html
Someone should tell the Nigerian oil minister "so you want 10's of billions off us -- Good Luck With that !!
Maybe we should ask the Nigerian government for compensation for all the cash their citizens have scammed UK citizens out of in the last few years !

" it has moved beyond the "hope" phase, although the need to the additional funds is still an issue." ---- A contradiction in one sentence !
We are not passed the hope phase now until we have all the funds to build the mine and plant to provide the levels of output as prescribed in the contract with Ganfeng. I think the share performance in the last couple of days would demonstrate that...

I'd say this is just spike city myself or alternatively pump and dump heaven....Deffo not for "Investers".

Classic CASP - "4 deeps flowing within the next 6/9 months" I suppose in 8 months time it will be changed to by end 2020 ??

roger - i think you are right here, the market cannot see value here but they can buy oodles of this dirt cheap...

Every investment I have ever done in an African company has gone badly for me...

CC - If you are so sure of this suspicious trading pattern have you raised a case with FCA ?

ALF - Fortunately my share ave is not too bad on this share - unlike some of the other AIM poo poo I am in at the moment, but otherwise I could have written the post you just did !

"pure fatigue with the share, it is very hard to generate new excitement" - I have been here probably as long as anyone and this has pushed me to the brink in the last couple of days. I have sold down some of my cheapest shares in disgust -- if the market can attribute a decent value to a share like this then any AIM investing has got to be 50% guesswork and 50% being connected to the manipulation gangs that prowl AIM.

degsie - I am starting to sell down some of my cheaper tranches of shares but I will take a view on whether to get out of the rest and take the loss.. What with KDNC and this I wish I had never heard of Lithium mining. These BB's are full of people who cant understand risk vs reward. If it takes 10 years to double your money why bother when there are so many other much safer investments which will do this easily in the timeframe. I accept that BCN may be at say 150p+ in 2022 but thats too longer wait from 2014 when I started buying...

Therefore I repeat what I said earlier -- was it worth the wait 7 years for a 3 bagger ?
I have to say I am gloomy because I am angry with this stock, if I had bounced in a couple of months ago I would have less of an excuse..

Still wondering why this hospital waiting list isnt moving ?

If secker can come up with some clarity on the fund raise etc this is probably true. I think the Chiese are playing the long game and will benefit from all of this but we will not...

This is whats done the damage to the post deal share price this interview with secker see at time 3:25 where he talks at going back to shareholders :-
https://www.proactiveinvestors.co.uk/companies/news/904763/bacanora-lithium-ceo-hails-completion-of-strategic-investment-by-ganfeng-904763.html