Member Info for news

Link: https://www.bnamericas.com/en/news/miningandmetals/southern-copper-mulling-mexico-lithium-foray

Thur, 14 Mar 2019 released at around 6.20pm UK time.

Quote:
"Southern Copper is considering acquiring a Mexican lithium project. CEO Oscar Gonzales told Reuters that officials from the company have visited the..."

The rest is via subscription.

Appears to be new news having read some of the earliest reports.

[Industry news for BCN [KDNC owns <5% shares + JV] whose lithium project is in Sonora, Mexico.]

re: "Southern Copper mulling Mexico Lithium Play."-BN Americas, 1 hr ago @7.20pm, Thur 14 Mar 2019

On Twitter now.

KDNC*s stake in BCN is <5% + JV. Bacanora has a Mexico lithium project at Sonora.

Note: Industry news relating to Mexico lithium news.

"Bacanora Lithium confirms discussions with a number of potential cornerstone investors for Sonora lithium project funding." - Proactive Investors UK, 44 mins ago, Thur 14 Mar 2019 @12:15 noon.

https://twitter.com/proactive_UK

MM*s dropped the share price of BCN to 21p [history now] a few mins after the BCN RNS. [KDNC has <5% of BCN].
At 11:21, it is now up.

Thur, 14 Mar 2019

BCN RNS just out: It appears to say: cornerstone investors re:funding.

No takeover as discussed on the BCN forum??

KDNC has <5% of BCN.

11:17am, Thur 14 Mar 2019

Typo: Tend NOT to do due diligence, not now etc.

KDNC was up nearly 20% earlier due to the Reuters story as per this link re: Bacanora [KDCN owns 5%+JV].
Currently, at 10am, the share price of KDNC is 0.1225 +16.67%.

So, together with BCN share price rise from 30% to 21%, the fevour has died down and the forum is no longer as busy.

Comment:
One chap called T.LeB tweeted to me re: REM. Hence, why I came to find out the legacy of what he was talking about re:AGM*s and parties of which I have never attended in London.

Today*s BCN story is demonstrates what happens: if there is still NO confirmation tomorrow by BCN that they are the ones in the Reuters story, then the share price m a y reflect the BCN RNS. No one knows what they will say or if there is a twist to it.

If say, someone bought KDNC at 20%+ early this morning without some caution as said or did more due diligence, then they cannot now blame legacy factors.

This is typical of so many AIM stocks. People tend now to do due diligence and assess "value" models, industry factors, macro/micro etc but jump in at the height and then when there is a loss, then .....

So, just to show a typical example of share price action.

No doubt, the more experienced traders appear not fussed as they only seek the % rise?

For the history books and the answer to Mr TLeB.

Thur, 14 Mar 2019

"Eye Guy", a poster on BCN [KDNC owns<5%] posted the last part of the print-out: "A spokesman for Southern Copper which is ..Grupo Mexico said he could NOT CONFIRM Bacanora was the firm Gonzales referred to."

At 9:20am, Thur 14 Mar 2019.

For the records.

A posted named "hangseng" at 09:17am, Thur 14 Ma4 2019 on BCN: "Re:SP Looking for statement on Reuter*s is Bacanora mentioned or not."

The BCN share price [Bacanora] is now 22.7% +25.71% as opposed to 30% earlier.

The BCN forum has now gone slow with fewer posts and the main players are now no longer posting.

For history.

tomcat-14

This is a historical record of what is happening at BCN.

If anyone is putting in their savings and they are following the assumption then it is up to them.

However, if there is NO confirmation, I do not need to mention what happens next?

If there is one, then one will have to see what the RNS says. Same with the person on Twitter who said he went to some party and so forth - anything outside of an RNS is not regulatory news.

As said, it is up to the individual but certainly, a sense of at least SOME caution is called for given NO RNS yet.

At 9:05am, Thur 14 Mar 2019, BCN [KDNC owns <5%] is up +30% at 22.75p.

As yet, no confirmation that Southern Copper*s story on Reuters refers to BCN.

If there is no RNS today from BCN, maybe there may be one tomorrow like the last time a few days ago.

Interesting what they will say?

This time, there will be no usual X to lay blame given no one has checked and obtained confirmation?

Thur, 14 Mar 2019.

Sutti Mining co -Latin America Herald. I note on the BCN forum that they think Southern Copper is interested in a Mexican lithium project along with the Chinese. Reuters has not been able to confirm with BCN [Bacanora -KDNC owns <5% + JV].

To read the above story, type in the title: "Lithium Mexico-Latin America Herald" and it will come to the article.

Piero Sutti: "The mining executive said he is now in talks with Chinese, Koreans, Australians and Canadians..."

Comment: Interesting re: the co was not named but investors conclude it is BCN without any confirmation? Will wait for BCN RNS.

Thur, 14 Mar 2019

is the latest in an on-going rush into the gold bearing riches of Paterson."- Proactive Investors, 6 hrs ago, Wed 13 Mar 2019.

Quote:

"The ongoing staking rush in Paterson is now beginning to bear fruit for Newcrest and others."

"The answer is simple enough as shown by Greatland Gold this week, a $65m JV deal that could pay all expenses to feasibility and which could led to a development of A MAJOR PRODUCING MINE."

"Its quite some leap for GGP, shares of which are touching 5 YEAR HIGHS..."

"..the value of Newcrest*s potential spend still roughly commensurates with GGP*s entire capitalisation. In short, its a BIG DEAL for a small co, the type you dont see EVERYDAY.."

"At the heart of it is that 275 metre intercept and WHAT IT MEANS."

"Nevertheless, the sheer QUALITY of the intercept, its length and grade, meant that Greatland was UNLIKELY TO BE SHORT OF SUITORS to provide assistance and on a t t r a c t i v e terms."

"There*s a whole NEW GOLD D I S T R I C T opening up in and around Greatland*s Havieron project in Western Australia."

Note:
To read, call up the title. This NEW article has been posted up on Twitter today.

portfolio."-Proactive Investors UK.

Interview with Rick Rule, Chairman of Sprotts US.

"In this discussion, Tekoa and Rick Rule get into the nuts and bolts of speculating in e x p l o r a t i o n stocks. Rick Rule: That isnt to say I only made money on 6 out of 108 in that portfolio. I made money on more than that but its important to note that VERY LARGE DISCOVERIES - the type of discoveries that make you 20 FOLD ,30 FOLD or even 100 fold are fairly SCARCE and speculators will need to understand that they*re going to have to more through a LOT of OPPORTUNITIES to make those TYPES OF DISCOVERIES."

Link: https://www.proactiveinvestors.co.uk/columns/sprott-s-thoughts/16694/rick-rule-mathematics-of-a-resource-portfolio-18342.html

Comment:
Discussion at the moment on this forum. Note "discoveries" of which Havieron has been declared a discovery.

"Why I speculate in exploration exploration juniors"- Proactive Investors
Interview with Steve Todoruk, Sprotts [Todoruk is the Geo for Sprotts]

"So we wait for the occasional junior to defy the odds and announce the intersection of good grade mineralisation. This signals a POTENTIAL NEW DISCOVERY. The junior*s share price may move UPWARDS quickly afterwards signalling something really exciting or material may have been d i s co v e r e d. Over the next 2 or 3 years if the junior can keep growing the value of the deposit, the share price is likely to rise as well."

https://www.proactiveinvestors.co.uk/columns/sprott-s-thoughts-21749/why-i-speculate-in-exploration-juniors-steve-todoruk-5173-5173.html

Note: GGP*s Havieron, Paterson Province, Western Australia is a discovery. Yesterday, Newcrest signed a US$65m JV with Greatland Gold [GGP] for its Havieron discovery. Gervaise Heddle, CEO of GGP, in his Proactive Interview yesterday, 12.3.19 said "TELFER COPY-CAT." Please listen and check.

On topic as discussion is about share price and junior exploration co*s and how they are priced etc currently. Greatland Gold has risen from 0.27p or 0.5p mark[depends on when investors bought] to 2.13p [13.3.19] = up by 10 times or 4 times+ [0.27p or 0.5p].

Global_2017

In answer to your request/question: Dividend stocks are not easy in general. Depending on the entry level, between the time of dividend etc, the underlying stock may fall or rise depending on the fundamentals or news. It requires even more due diligence and numbers crunching. In short, one may gain on the dividend but may lose on the share price if it has downward momentum. For this reason, I have no current view as it is always fluid. Just my observation.

DYOR. IMHO.

scully12345

Yes to your question.

Claire Young has just tweeted on #ggp re: Gervaise Heddle via CityAM, Tues, 12 Mar 2019 [Post Newcrest JV RNS today].

Mr Heddle said that the cost of building the mine is 1/2 or maybe 1/3 referring to Newcrest.

He also said the co is pressing ahead with its Australian prospects [para phrased].

Please check.

"Gavin Pearce warns of land lockup as gold hunt plans emerge."-The Advocate, Australia.

Drill is for Qtr 4, 2019 with a potential of 1moz = $1.8 billion [Ref:Advocate.com.au Tues, 12.3.19]
News from Australia on Twitter #ggp thread - just posted it.

From the Gervaise Heddle, CEO Video Interview with Proactive Investors today, Tues, 12 Mar 2019:

1)If I heard correctly, Gervaise Heddle mentioned "Telfer copy-cat."

2)First right of refusal [Newcrest]: Scallwag-large target [copper, silver & gold], Paterson Range East [char. to Havieron], Blackhills etc. The GGP - Newcrest JV only covers Havieron.

Comment:
As said, industry players eg Newcrest would be able to understand the totality of the GGP Havieron 9 holes result and more importantly to compute the potential [subject of a Sprott*s research note], hence the JV news today.

Tues, 12 Mar 2019
Please check as its a bit hard to hear.