Member Info for mrcautious

What short ? Where ? there have been no open shorts on this share of late, only fantasy ones to justify the price drop....

Also - the elephant in the room with LAC is the political situation between America and China that BCN does not suffer from, I would say that is the likely reason as the Americans are in full protectionist mode at the moment.

Unless I missed something both co's have a pre tax IRR of around 29% but their IRR is based upon double the Li price ??

Its ironic really - the only pumping this company has done is not of hydrocarbons but of the share price !

On another point, yes I only have Brownies in my own river and they dart around all over the place !

CC - Good and considered analysis and I forgot to say anything with the chinese involved may not be what it seems ! I think the cobalt thing has died down a good bit lately, Cobalt is the by product of a lot of other mining (eg Iron) which up till now was not worth recovering but this is changing so the scare tactics that have been put out re Cobalt is not so scary now. I dont know BMN I think they are Vanadium which is used in jet engine alloys.
I am in BCN heavily but in CASP just about 5 figures but I am still concerned about the failure to flow deeps as yet. If they flow A8 I will relax...

I commend your bravery, this is still very unknown most people expected this to get to 14p+ today but it is played like a stream trout. Having the same problem with BCN which is perhaps more of a certainty than this and the share price is sinking.

I dont think you are a ramper just slightly mad !
This company has burned away cash and created dillution after dillution on a wing and a prayer.
This will cary on with more dillution (as there will be no other way they can fund this) and they will faff around drilling wells burning more cash until enough is enough and it goes PoP.
If you claim to be an expert invester surely you can find something better to get inot than this.

I'm sure the MM's are using this share as a summer holiday fund vehicle for them and their mates and families !

Thats a good question - on the face of it you would not think he would dare to raise his face anywhere at a UK invester event (unless one or more of his companies go ballistic which is unlikely). HOWEVER if you look at another entrepeneur that has lost a lot of PI's money ir Rob Terry of Quindell fame, he caries on with a very brazen profile both on the WEB and in real life as though all is rosy (while he is still being investigated for fraud).

In that case its amazing !

I think this is highly possible, this is a rare case on AIM of the dominos lined up - little risk but still the share price slumps ????

Do you mean £70,000 worth or 70,000 shares theres a bit of a difference !

IVY -- I said it before and I'll say it again you are the bravest man I can think of !

" Finance companies attitude to AIM companies seems quite cynical, in that they sell them out if there is an opportunity to make a fast buck." - Yes the professionals dont like ANY risk unlike us PI's so unless it is an at least 80% cert they will not finance or will trade out.

Definately looking like one for the FCA - huge engineered rise on no news !

My stance is - yes we may/should have got a better deal but there is plenty of jam in this huge resource for everyone and hey this is an AIM startup miner and most of these go bang. We have finance and offtake agreements at the right time so this is a good proposition. I agree Secker mucked up the fund raise but do not agree at the time he could ever have got £1... It has been a slower and frustrating ride in here but we are pretty much there now.
I see this deal in simple terms like this -- we were selling a car and we got the trade price of £7000 when we should have got the private sale price of £9000 but we just move on and get the production going.

Its almost as though my browser is locked up only showing -2.2% !

Somebody is loading up on this but being allowed to do it on the cheap, why would this be held down in this way ?

Dont know this share but it plummeted due to offtake agreement I think, hopefully this is a different case as we do have offtake its just top secret..