Firering Strategic Minerals: From explorer to producer. Watch the video here.
From https://www.proactiveinvestors.co.uk/LON:BCN/Bacanora-Lithium-Ltd/rns/LSE20180705070003_13706249
"Additionally, the conditions precedent to third drawdown include the requirement that the first and second issuance of Notes shall have been listed, that gas supply contracts shall have been entered into, that commitments for at least 80% of the Project's total funding requirement have been entered into and that the Project (Sonora) is fully funded."
Is this some slip of the tongue from Secker? 80% funding?!! If total requirement is $460m then is he really just looking for $92m? Is this even news or has he been looking for this $92m for a while?
Did the autobot say something?
Just watched this. Very good summary of BCN. Liked the $60B investment by VW in electric vehicles comment. Does make you wonder why they are dragging their heels over this and have not invested in this yet.
I'm still not invested in this.
Hmm, well I for one am waiting for further agreements to be signed for use of this science in the US. Well, okay, they need FDA approval first! But if they get that, it is boom time.
Yes, MTFB are going into this with the strongest hand they can. If they fail it won't be through lack of trying. It is going to be rather exciting, whatever happens.
(Filtering out spam posts from you know who!)
Thank god this was *before* the FDA meeting. If it was after, I'd say he was trying to dampen a share price crash! IMO....
Yes, I'd be pretty concerned if the RNS got the timings wrong! 30 days.
I have to wonder how good Glumsden's poker face is. Imagine walking out of that meeting knowing whether:
a) your drug has been approved with labelling changes which would cause a massive increase in SP
b) your drug has been kicked into the long grass, meaning a massive SP crash.
No way I could keep a straight face either way!
Desert1, that is a very interesting comment about the US market. Well worth watching. Times like this, I wish I had an L2 view of things.
Not holding at the moment, but pending some signs of progress from PS, I may be back in. As it is, any random spikes I am happy to watch them float by.
Technical analysis means bugger all until PS gets this funding. Enjoying my prophecy of it dropping back to low 20s becoming true...
And just to reiterate what I've said already, without news this will drift back down to low 20s.
Strider4, you are spot on. Epic speculation and I wish I'd been in on this for some day trading!
If I had the cash, I would spread my investment across this and a few other lithium miners (and the others would be more likely to succeed IMO). Sadly I am out of cash at the minute unless I get out of AMD...
Read the latest (?) RNS. The vision of the people in the study improved weeks after the treatment stopped.
It is a valid point, however the cynic capitalist in me says it would be better if it was a temporary cure because then we could charge people regularly to receive treatment. That is horrendous though, and quality of life-wise, humanity would be better off if it were a permanent cure.
Which could be positive or negative news.
Yes, nothing critical has happened as far as I can see. As ever, wish the board would be more communicative but really we just need to be patient as they have already explained the cock up.
Knuttie, it truly is interesting how many crap analysts are out there in professional employment. Gives hope for us amateurs!!!
So that is to say, the plan all along was to release funding news in Q2 and not before? Even if the funding got sorted earlier than the end of Q2? Do you see what I'm wondering about?
Q2 ends June 30th right?
My big fear is that Zinnwald will be lost because PS does not rustle up the $30m needed to pay off Thingy Solar (forget name) by year end.
And then Sonora will go kaput due to a repeat of PS's Canada Lithium adventure.
But then someone can put in the big bucks at any time and it will go boom (either now or results time end of Q2). What to do, what to do....
He really is taking his time getting funding sorted. That's all I'll say.
(I realise the potential, I just am 50:50 whether it will be realised)
Rise on hot air.
Watch this go back down to earth in the next week (assuming no news).