Member Info for Phil7390

SP was showing 0% rise on LSE last night, +10.34% on HL and about the same as HL on Google. Now it's showing -9.38% having just ticked past midnight. Mental. Share Price: 116.00 Bid: 115.00 Ask: 116.00 Change: -12.00 (-9.38%) Faller - Bacanora Min Spread: 1.00 Spread as %: 0.87% Open: 116.00 High: 127.50 Low: 115.00 Yesterday�s Close: 128.00

SP was showing 0% rise on LSE last night, -11.86% on HL and -11.8% on Google. Now it's showing +13.46% having just ticked past midnight. Mental. Share Price: 59.00 Bid: 56.00 Ask: 62.00 Change: 7.00 (+13.46%) Riser - Advanced Onco Spread: 6.00 Spread as %: 10.71% Open: 59.00 High: 59.00 Low: 51.50 Yesterday�s Close: 52.00

Already posted on KDNC, so credit to Barksy1 for finding this, which is specifically relevant here. https://www.thetimes.co.uk/article/electric-cars-put-battery-metal-prices-in-fast-lane-fsbppkwsm?shareToken=b90e7176f7fce9d63ab22d60dfe765fa 'Tesla, the electric vehicle manufacturer, is building the best-known battery facility, its so-called gigafactory in Nevada. However, Benchmark calculates that there are 26 such factories under construction, although it will be several years before there is enough production of the commodities needed to make batteries to meet demand. Peter Secker, chief executive of Bacanora Minerals, which is constructing a lithium mine in Mexico that is due to come into production in 2019, said: �It�s scary. The numbers are changing almost every day. Contract prices for lithium carbonate are at $13,000 a tonne, but spot prices far, far higher. The market is really tight.� In September Great Wall Motors, a Chinese vehicle manufacturer, tried to secure a supply of lithium by buying a 3.5 per cent stake in Pilbara Minerals. Hanwa, a big trader of battery materials, has a 9 per cent stake in Bacanora. Despite being quoted on London�s junior market, Bacanora�s shareholder is dominated by big investors such as Blackrock, Capital Group and M&G, signalling the interest in lithium. Glencore has been loudest among the big mining groups in talking up the prospects of battery technology for the commodities it produces. Its big copper mines in the Democratic Republic of Congo and Zambia have the added benefit of producing cobalt as a byproduct, unlike operations in Chile and Peru.'

Back to normal now it seems. My heart fell through my boots earlier.

Showing 80p in my account sumary for BCN. Idiots.

https://t.co/UJfOeN6A0D Elon Musk has won an audacious bet he made back in March to build a battery system for South Australia in “100 days from contract signature or it is free." The 100-megawatt Powerpack system is the world's largest, or three times bigger than Tesla and Edison's battery at Mira Loma in Ontario, California. The Tesla CEO was responding to a challenge from Australian IT billionaire Mike Cannon-Brookes to help fix the Australian state's electricity woes. Losing the bet would have cost Musk "probably $50 million or more."

Also as I already posted elsewhere in response to that article, that 42% figure is spurious. I know we have had mass immigration since 2010, but nevertheless the real figure for housing with no available off street parking as not much over 20% according to Government figures on housing demographics published then.

But with a Tesla at least the battery pack is almost the entire chassis of the car. A swap is going to take days, not the hours or minutes a charge would take. That's pretty fanciful. As is the idea this could be done routinely when the battery pack is half the mass of the vehicle and repeated reconnection of them is a massive risk (see the precautions taken in F1 with KERS and in Formula E). Nice idea but it won't fly. Range anxiety is being addressed by greater battery range and expansion of the charging network, plus clever routing software as built in with Teslas to take the smartest route via available charging points for splash and dash top ups on route. The grid does not need upgrading per se, and charging can already be performed off peak - and by those with solar capacity at little or no cost. As an example my local retail park just more than doubled its size and number of charging points and is entirely solar powered - this is in a medium sized town in the Midlands, not Los Angeles CA. Add to that the decreased demand for personally owned vehicles as autonomous shared transport becomes a more economically viable proposition. If that isn't enough to ensure the grid can cope, throw in a few grid connected mega battery storage facilities (like the one just completed by Tesla in Aus). Transition to EVs is not going to be nearly as problematic as naysayers claim.

Glad I doubled up this morning. Should have gone for more!

Are we not more or less where we were before we lost the original chinese distributor, the SP slumped, and the questionable finance deal kicked the SP while it was down? Back in the good old days when the SP was north of £1?

Oily - yes, that was the one I had in mind, and I took from that the impression that he would probably leave production to someone else. You are right though, Zinnwald might have changed his thinking since then.

It's worth remembering that video interview with PS where he said managing production was not his area of expertise. It has always been his plan to leave before Bacanora gets to production. Will he do so at the expense of shareholders if he sees a big fat payoff for him? If you were in his shoes would you sell at a lowball bid if you got to pocket �2.5m (or �5m after June '18) instead of the previous �250k? I would be unhappy with �1.30 for my shares, I was expecting a much greater return after Bacanora gets to production.

All looks good and solid, so let's see if we can actually get to production in 2019. Secker was pretty confident it would be 2018 as I recall. The Chairmans statement is a bit vague on that - "We intend to run the pilot plant continuously until 2019 to facilitate operator training prior to production.". When in 2019? I'm in for the long haul, but something a bit firmer as a production target would be reassuring.

No nothing, no secure message, no share allocation, nada.

I get 411 Cora shares, worth �65 now, dropping by 10% daily, and by the time they are in my hands they will be worth less than the dealing cost. I'm underwhelmed, �385 from i3e and �65 or less from Cora, in exchange for GWIK shares that cost �2k. Feeling like I've had my pants taken down.

may be worth somewhat less by the time we get them and are in a position to trade them. No worries if you are holding them to see where they go I suppose, but if you are just waiting to see what you can get recover of your GWIK investment and move on, not so good. Why does it take so long to get these allocations?

There are a few lucky people about then! I'm a great believer in luck, and I find the harder I work, the more I have of it.

:)

33.71 in a day, that's a gallop.

CERN. What else needs to be said?