Member Info for OilyChan

Hinkley already regarded by some as a white elephant.. Natl Audit Office reported earlier this year that the cost too high and the deal too risky.. its already overruning on costs and time.. The strike price for £92.50 per megawatt-hour of electricity for 35 years does contain costs for decommissioning i understand.. but what are the odds these wont rise? By 2030 all old stations will have decommissioned or be in the process of decommissioning.. so of course now the govt has allocated 100 million to assees looking into new smaller modular nuclear stations - supposedly cheaper although this already been stated by some that they could be more expensive than hinkley c .. use massive amounts of freshwater.. more than coal and gas .. and Nuclear isnt even flexible.. i.e. you dont want to turn off the power once its running.. anyway i will get off my soapbox

Yep.. they raised a ton of money .. but think they then experienced major bad weather that caused cause major extended freeze and production stopped.. they couldnt raise additional capital after that .. cant see severe freezing weather being a problem in Mexico..

The 10 bagger comment does not refer to the sp in the next few weeks though!

Its a junior mining stock pre BFS not RTZ so whatever happens there is going to be volatility over next few weeks.. Could be a 10 bagger could go to Zero.. Allabest folks

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It wouldnt suprise me if the funding has already been arranged (mainly Asian debt) so possibly this will be announced with or shortly after the BFS. Once financing arranged, and if terms are ok, should see a strong rally as this would basically derisk the operation.. As addy says once dust settled there will be some sort of retracement as production would be some time off.... then over time as production gets closer the SP will rise accordingly.

Global cumulative storage deployment will double six times between 2017 and 2030 to reach 125 GW/305 GWh, with as much as $103 billion pouring into the sector, finds new report by Bloomberg New Energy Finance. Emerging as a crucial source of flexibility instrumental in integrating renewable energy into the electricity grid, energy storage, both utility-scale and behind-the-meter, is set to attract massive investments by 2030. A total amount of $103 billion will be spread roughly equally across the Americas, Asia Pacific and Europe, Middle East and Africa regions, reads the new report by Bloomberg New Energy Finance (BNEF) titled �Energy Storage Forecast, 2017-2030″, comparing the storage market�s expected growth to the major expansion that the solar industry went through from 2000 to 2015, when the share of solar PV in total generation increased sevenfold. Eight countries will emerge as the main deployment destinations as 70% of capacity will be installed in the U.S., China, Japan, India, Germany, U.K., Australia and South Korea, with the U.S. leading the pack with one-quarter of deployments. �The industry has just begun. With so much investment going into battery technology, falling costs and with significant addition of wind and solar capacity in all markets, energy storage will play a crucial part in the energy transformation,� said Yayoi Sekine, energy storage analyst and lead author of the report. The latest BNEF global storage market figures dwarf the recently released forecast by the International Renewable Energy Agency (IRENA), which found that storage capacity could triple by 2030 if current renewable energy capacity doubles, with a potential battery price decline of 66%.

Check out the author of the UK article Euan Mearns .. basically a renewables/Tesla hater and climate change denier - so bear that in mind

Agreed Addy.. if any approach was imminent think there would have been some reaction to SP after RNS

Maybe.. but this will depend on the size of the offer.. of course if its big enough then it will be looked at.. but this would have to be taken against the long term return.. the royalty issue doesnt necessarily indicate an imminent takeover .. only that BCN dont want to pay out large amount of sums if they can avoid it.. it could take months to resolve in the courts so they giving themselves plenty of time ahead of production.. also anything DL says .. then usually opposite is true

Phil.. i believe you were referring to the proactive investors vid from Dec 2015 which can be found on you tube under the header Bacanora Minerals boss targets switch from explorer to developer He does indicate he better at early stage development but then adds a caveat for Bacanora due to potential size of the project.. when you also factor in Zinnwald im not so sure he will be looking to leave ... .. i also think the talk of definite takeover premature .. i still reckon they will go to production with Hanwa as partners.

In fairness.. lots of great Aim companies that give great divs and cap growth.. example WJG im up 92% in 14 months and am getting over 5% div .. happy days - i am hoping that BCN goes the distance without takevoer.. if they dont pay divs but get capital growth i can top slice and pay myself a div anyway..

Addy .. can i throw in my 2 penneth worth as its an important question.. 1. Political risk re Sonora.. Fairly low currently and permits etc being signed off with no issues at the mo. 2. Pricing. Li price currently reflects tight market and whilst some pundits conjectured price might fall of as more producers come on line given faster uptake on EV revolution scenario likely to remain tight. Another huge potential market is Utility Grid Storage. Even with utility grid storage competition such as vanadium flow batteries being viable and maybe preferable option to Li batteries.. now seeing production of Vanadium/Li hybrid grid storage systems. 3. Competition .. Think P.S. has covered this recently and given no major delays we should be one of the next major producers on the market.. also Li production from Sonora is in days rather than years for brine production. 4. Offtakers.. current production sorted and deal at market price at time 5. New megga battery discovery.. cant be discounted but even if this occurred today and was not Li related the global infrastructure is so Li ingrained would be like stopping a supertanker at full speed.. i.e. would probably take 10 years to implement.. but cant discount this as a risk.. Any others guys and gals??

Whats interesting about this rally is that previous ones tended to come on the back of RNS then almost immediately sold off.. this rally has been nice and insistent over the last two weeks.. so backs up the guess that RNS and financing news will both be positive..

RD2 .. I was just pointing out that your original post implied that the deal was a firm 100% deal and that they "would add" another 10 percent. whereas the deal does not guarantee a 100% uptaken and the equity stake is an option only and not definite.. im fine with being overly bullish.. think you will find most posters on here are in that camp.. but just wanted to point this out..

In fairness RD2 the offtake deal is "up to" 100% and the equity increase to19.9% is an option only, as far as i can see they havent stated a firm agreement otherwise.. although wouldnt be suprised if both these options were fulfilled.

Thanks for this Kluck.. always had a soft spot for the Borates project since the days of COE.. nice little earner if they can offload a large percentage of the leases

Nice one Addy..

on BFS will be interesting to see what operational cost of production is estimated at i.e. has it materially changed from previous guesstimates..if not much change then happy days.. If LME begin Li futures that will also benefit producers and give us an idea of future profits.

No negs ... nice one liked this "We believe the FS report will confirm Sonora occupies a favourable position on the industry cost curve. " so still looking like operational margins looking good..