Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Well we need to find out where M&G stand. Anyone got an insider there or a decent contact?
Agreed this is a joke of an offer. Getting M&G on board will be key, so write to them. I doubt any other shareholder will vote for this. The offer needs to be £1+ nothing less. When do we get to vote?
The Telegraph would indicate the UK Gov could simply block this deal. If this happens Secker will likely be replaced. Dream stuff I know but what a twist that would be! SP will roof it then what with all this attention going in. I really don't know how this one will pan out. Opinions?
https://www.telegraph.co.uk/business/2021/05/06/china-swoops-london-listed-lithium-miner/
Very crafty! Is there any chance the deal will be rejected?
Is this a done deal, surely M&G at around 19% shareholders should have something to say. Seems a very poor offer given the potential of Sonora! Guess we'll just have to wait until 3rd June.
Check the London Metal Exchange, last time I looked $12.25 a kilo. So phase 1 at 17,000 so $208,250,000 per year, phase 2 at 35,000 would be $438,750,000. You'll need to take off some running costs and tax, it is all on the BCN website, but the profit margins are still very very good. Plus Li is predicted to increase per Kilo so could easily go higher.
This has been a great thread and given me even more confidence in BCN. Stage 1 (17,000tn/a Li) is virtually in the bag and Stage 2 (35,000tn/a Li) is well planned for financially. The mine will be fully paid for and in profit by 2030 when petrol cars will be phased out.
So, the way I see it now is the low SP at present is the Tsunami effect. The investment earthquake has happened: Gangfen have confirmed they'll finance the mine and the Li is going to be in hot demand.
The sea water has withdrawn from the beach and people are wandering why everything looks calm: The SP has dropped to raise the final finance and not much appears to be happening.
The Tsunami is on the way though: the institutional investors have seen this one and are now most likely waiting for confirmation from China for the final funding. The Chinese will talk to the Mexicans, a deal will no doubt be made. The institutional investors will then have confirmation all is well and they've done thier financial analysis and will know the profit margins. The mine will begin construction and the Tsunami will hit the beach: the SP will go bananas.
I say just sit back now and wait, then hold tight when that Tsunami hits!
This has been a great thread and given me even more confidence in BCN. Stage 1 (17,000tn/a Li) is virtually in the bag and Stage 2 (35,000tn/a Li) is well planned for financially. The mine will be fully paid for and in profit by 2030 when petrol cars will be phased out.
So, the way I see it now is the low SP at present is the Tsunami effect. The investment earthquake has happened: Gangfen have confirmed they'll finance the mine and the Li is going to be in hot demand.
The sea water has withdrawn from the beach and people are wandering why everything looks calm: The SP has dropped to raise the final finance and not much appears to be happening.
The Tsunami is on the way though: the institutional investors have seen this one and are now most likely waiting for confirmation from China for the final funding. The Chinese will talk to the Mexicans, a deal will no doubt be made. The institutional investors will then have confirmation all is well and they've done thier financial analysis and will know the profit margins. The mine will begin construction and the Tsunami will hit the beach: the SP will go bananas.
I say just sit back now and wait, then hold tight when that Tsunami hits!
Fozdog I certainly don't disagree with you. I mainly go in in the low 20s but then got a bit here a bit there raising my average. I've stopped now as I'd like to now see how it performs. It is kind of a real mixed bag, amazing mine, a needed resource at the dawn of the EV age, but is in Mexico and is backed by China. The CEO could be so much more proactive to improve BCNs PR. What I will say about China's involvement is though it gives me confidence the mine will actually get built, on time and within budget. They have a great engineering track record of just getting things done. Another positive are VW are looking to build a gigafactory in Mexico, if that goes ahead investors will gain confidence in Mexico. A real mixed bag. My guts are still telling me this time next year the SP will be quite different. A slow burner this one, but perhaps that's not such a bad thing.
Price of Li on the London Metal Exchange is $12.25 https://www.lme.com/Metals/Minor-metals/Lithium-prices#tabIndex=0 Really the writer of the article is spouting opinions based on very little hard facts. This is a cracking mine. Top up or hold, if anything this is way undervalued!
This all by the by. Phase one 17,500t Li per year less 3418t running cost, at current Li value of $9.39 per Kilo that's $132,229,980 per year. Ok taxes need paying but that gives gamble capital to get phase two going. That comes in at 35,000t of Li per year and within a few years all set up costs paid off. And let's not forget the cost of Li per kilo could well increase in the coming few years as demand goes up. Most people I know are thinking of EV for their next car. Eventually the figures on this one will speak for themselves and the right SP will be hit. I'm confident for one it won't be in the low 40s!
I've been trading stock for a couple of years now and yet to find one of these article from the likes of the Mootly Fool and Seeking Alpha any use, quite the opposite in fact. When something is good there will always be bad press, that's the way it is. Do your own research, make your own decision. He claims in the article, "no immediate prospect of meaningful revenue." All I can say is he won't be saying this in 2-3 years time when the EV revolution hits. Has this guy been asleep or something? 90% of car adverts are for hybrids or EVs. Then there are electric bikes, electric motorbikes, countryfile ran a slot on electric canal barges for bleeding sake! Does the writer of this article slating the worlds largest deposit of lithium at the dawn of the electric age life in an isolated box or something. Well go with him if you like but I'll be going with my research, common sense and gut. Hold BCN and wait!
Extreme E looks set to start really promoting the EV market, and AFC are well placed along side their charging partners. Let's not forget the Lithium though and a lot will be needed, BCN are a strong investment in my opinion https://www.thisismoney.co.uk/money/investing/article-9076015/SMALL-CAP-SHARE-IDEAS-Bacanora-Lithium.html
Yes, it would be nice to see the SP stabilise in the 50s before going up I think it is all now hinging on the next news release from BCN. If that's good I think we should see movement towards the current (can't envasise that enough as it might well change) target SP 118p.
Topped up yesterday straight after reading the This Money article. No idea at all why anyone would be selling out at the moment. Let's hope BCN give a positive news update soon.
I wouldn't underestimate at all how BCN approach their environmental responsibility. If the mine can be managed well, recycling the water, selling the waste products as fertilizers plus with the prospects of a battery manufacturing and recycling centre onsite BCN could become a well respected name. We could end up world class and more importantly trusted in terms of Li supply in a new era of EVs!
I wouldn't worry too much all the Li boys ALB, Gangfen, Li Corps Americas are down over the last few days. Nothing more than Brexit nerves and a just a small downturn in the market. By the way the sudden spike for BCN back in Sept when it went up for no reason was probably because Top Gear gave a shining review of a Tesla the night before. Sudden interest in Li, up BCN goes. If EVs become standard as expected we could well see BCN very much on the rise.
Regarding production dates, 2023 for phase 1 is still on the cards with production likely to ramp up in line with demand. So, I for one am perfectly comfortable with this little dip. Nothing to stress about I'd say!
One point I did pick up on before I bought BCN after my initial hap hazard attempt at investing (losing taught me loads though - do your homework first) is that the world Li prices were cycling through a low, that combined with the crash meant BCN were going cheap. I'm just a small ammature but made sense, so risked it all on BCN and made everything back. However, since I've diversified my portfolio to tech trust funds, environmental trust funds, pharmaceuticals and a bank (Standard Charter) plus some good old fashioned NS&I premium bonds to balance off the risk. I have to say though BCN are by far my best buy!
Ok cool, I'm quite new to investing. After a bit of an initial **** up I ended up in BCN at around 23.6p a share. Then did a load of research and rather glad I did now! BCN hitting anything around the 118p in the next six months then staying around there pre production would be great!