Member Info for r7632

The existing shareholders has also granted authority for the Company to issue up to 500 million shares to support the financing of the Sonora Lithium Project

RE: Still a while to wait yet but once this finally gets to production we are looking conservatively at a half a billion valuation in my opinion. Bring it on.

But what SP would that equate to given the dilution?

Say there are 223m Shares now. Say after dilution 446m Shares == £1+ per share. What was in the RNS that stated how many new shares they could issue?

Tesla Model 3 best selling car in UK for 2 Months running.

They is also talk of a stimulus package of £6000 for scrapping Petrol/Diesel cars for Electric cars

And apparently Elon Musk visited UK to discuss a new factory here.

Hope the government does everything it can to get this going.

It'll be a while but the Oil producing Opec countries have enjoyed their days in the sun. They will revert to backward countries no one cares about or want to visit.

The world will invest in renewables and storage and be more independent for Energy.

https://m.youtube.com/watch?v=D_BHapsCeCM&t=1220s

Joint venture with Iveco to produce in Europe next year.

Also factory planned for Phoenix

https://www.forbes.com/sites/emanuelabarbiroglio/2020/05/29/a-new-32gwh-gigafactory-will-build-sustainable-batteries-in-norway/amp/

https://www.teslarati.com/tesla-uk-gigafactory-report/amp/

https://www.miningcapital.com/companies/news/920595/bacanora-lithium-targets-june-reopening-of-pilot-plant-at-sonora-project-reiterates-strong-cash-position-920595.html

I noticed the remark that Ganfeng may be able to reduce costs of development further increasing the economics of the project.

Am I paying enough attention. Seems stocks drop every Friday. And slowly recover the next week.

I thought the RNS gave lots of good news. Yes the timelines are being pushed out. But.

1. Its obvious that the unstoppable adoption of Electric Cars and Storage Systems for renewable energy is creating huge demand for more Lithium batteries and Terrafactories.
2. M&G wouldn't have increased their investment if it was going to sold out for 25p. Its looking for a big payback for it's risk.
3. Hanwa would not be investing and offering up 25Million for construction.
4. Ganfeng need extra Lithium for all the supply deals it has. Would it rather be paying Australalia or t he South America Salar companies, or be in there owning 30-50% of something producing lithium at 4000usd and sold for 11,000 usd?

This is getting closer to progress every month. Wish it would be quicker. But this seems a reasonable safe bet in the current pandemic. That is demand is still there. Fundamentals are the same. Cost justification is there.

Unlike many businesses which are on very shaky ground at the moment.

https://www.proactiveinvestors.co.uk/companies/news/216967/bacanora-lithium-has-big-plans-for-sonora-216967.html

Can you buy out the existing shareholders for 25p?

I understand they can issue new shares to finance the build. This I expect. But I wasn't aware I could be forced to sell my sell at a price I don't wont to.

https://chargedevs.com/newswire/volkswagen-invests-e450-million-in-northvolt-battery-operations-at-salzgitter/

And I think VW have Lithium Supply deal with Gangfeng

They can Produce

Lithium Carbonate
Lithium Hydroxide
Lithium Sulphate

That is whatever the market may want.

20 Years offtake agreement with Gangfeng.

https://electrek.co/2020/05/18/tesla-panasonic-making-money-gigafactory-expand-battery-production/

https://pv-magazine-usa.com/2020/05/11/lithium-ion-storage-is-here-to-stay-with-no-post-li-ion-era-in-sight/

Interesting article.

From what I read they can do either.

And Ganfeng are looking into it for Sonora.

https://investingnews.com/daily/resource-investing/battery-metals-investing/lithium-investing/will-lithium-hydroxide-overtake-lithium-carbonate/

Quote:
It is cheaper to make hydroxide, not by that much, but it is cheaper to make hydroxide than carbonate because of the process

Lithium hydroxide is produced in a metathesis reaction between lithium carbonate and calcium hydroxide:[5]

Li2CO3 + Ca(OH)2 ? 2 LiOH + CaCO3

So you start with one to process into the other.

https://en.wikipedia.org/wiki/Lithium_hydroxide

And Ganfeng has the knowledge and intention to produce Hydroxide.

https://www.proactiveinvestors.co.uk/companies/news/90472has 5/bacanora-banks-gangfeng-s-219mln-cash-to-ramp-up-sonora-lithium-project-904725.html

https://insideevs.com/news/420750/volkswagen-northvolt-jv-germany-moves-forward/

https://www.youtube.com/watch?v=O-kbzfWzvSI&t=923s

See from 15 Mins in

https://insideevs.com/news/420248/tesla-cant-supply-enough-energy-storage/