Member Info for r7632

Funding Gap

If Ganfeng have 22.5% of Sonora Project BCN has 77.5% Of £420 Million == £367.5 Million
Then Ganfeng has 29.9% of BCN leaving BCN with 70.1% of 367.5 == £257.29 Million
Minus £150Million from RK Finance = £107.29

I understand Hanwa was to put in some more Million and £40Million in Cash ---

Leaves something in region of £50 million to find.

I thought the Oman Investement was about £65Million. So if could be re-signed no funding gap.

I have probably not understood the effect of the Ganfeng holding on the total project funding.

So looking forward to someone explaining this with a better knowledge of how this works.

Spending £100 on trainfare for nothing stopped me !

I find once your already bought a car its the cheapest way to Travel. And even cheaper if 2 - 4 people travel in it.

I used to travel London to Birmingham and back for £20 petrol- For 4 people on a train that was £140 - Plus costs from Train Station to destination. Now I have an Battery Electric Car I figured I spent 2.5 Hours travelling to Fulham and back (26 Miles) today . I topped up my Battery to level I started with for 80p. Tube costs for 2 People would have been £15.40. Electric cars are definitely to way to go in cities as they don't pollute, are quiet, and no congestion charge ( which they are planning to extend to the suburbs in London).

The article says 243.8Mt producing 4.5Mt lce somewhat shy BCN fs. Also it says 70% BCN 30% Cadence. I may be wrong but I thought some of the Sonora was 100% BCN. Also 200 year LIfe of mine because of lots of proven and inferred reserves. Anyway comes out as no one.

Then we come to the others and they talk about spodumore concentrate which I believe has to shipped to china be be processed into LCE. So Not so easy to compare to Sonora which is intended to produce LCE on site at 99.5% purity - That is a high qualilty LCE without the need for further costly processing.

As regards Secker he can't give a pep talk to the market every day. VSA gave a good insight into what to expect including extending timeline estimates, and also shortened estimates and costs to production if Ganfeng gets into gear. According to them funding first part on 2020. So maybe June/July 2020. I think with Ganfeng on board things should start to more according to published timelines/estimates. After all the sooner this is up and running the better for them as it is a low cost producer of high quality lithium with a modular design enabling easy expansion to greater production.

I like the Blended 12 Month Price Target of 114p. I'd be happy to see that as I was expecting to see that much later.

Also funding expected early 2020 - 20% Remaining.

And 236,228,571 new shares to be issued. But Price Target reflect that.

Interesting Report.

I recently bought a Tesla Model 3 Performance. Best car I've ever driven. Quiet even under huge acceleration. Cruise with Auto Steering - great for Motorways, parts if North Circular, and roads outside of London. Once you'd tried you would never go to Petrol.

Cost a lot, but you can get cheaper electric cars. But in London their are lots paying similar for Huge Porches, Mercs, BMWs. And for those who can get as Company car their is much less tax making purchase a lot cheaper than other executive cars. I used to drive a Prius Plugin as a company car for that very reason.

On top of that Batteries are expected to last 500k Miles, Electric Motors 1 Million miles - Almost zero Maintenance. Cabin Air Filters, Washer Fluid and Tyres. Braking is mostly regenerative so apparently brakes down wear much.

When the prices come down, as they will, I can't see anyone wanting to buy a new Petrol or Diesel polluter. Second hand value of Petrol and an Diesel cars will plummet. Central London electric cars have no congestion charge - not that I would willingly drive there.

The future is electric mobility. That means Lithium Batteries.

Similarly instead of Gas Peaker Plants there will be huge Battery Storage. They will be cost competitive and not polluting.

Oh yes I forgot to mention over the last 1200 miles I've only paid £1.90 for Electricity. As currently I have free charging on Tesla Superchargers, and there are free fast chargers at my local Gym, Golf course, and Supermarket.

So with this resource BCN has a bright future. We have to await the financing. But the direction of transport and energy is heading electric at increasing speed.

On here I just hear the get rich quick brigade talking down the sp.

I can wait the few years for BCN to come good.

$300 million raise early next year?

If they have RK Mining Loan of £150 Million plus £25 Million from Hanwa, and Ganfeng own 29% bcn and 22% Sonora which gave them circa £30 Million. How come they still need $300 Million? Is it some figures quoted in USD, others in Pound Sterling?

Also is this expected to be new Shares or Loans?

On Zinwald - Bacanora will earn 50% of the project in return for a cash consideration of EUR5 million and an undertaking to contribute EUR5 million towards the cost of completing a Feasibility Study on the Project, which is anticipated to take approximately 18-24 months to complete..... So one can assume they have spent at least EUR10 Million on Zinwald so why are some posters attributing a value of only £10 Million to it. Especially as the Feasibility looked positive?

As ever the Time LInes are always 3-6 Months away. And when we get good news Like Ganfeng the SP drops. But you can't buy the shares. Curious stock . Yet some years back the price hovered from 70p to 100p, and peaked somewhere near 138p in Jan 2018. Yes I am a long term holder - so sitting on a loss at the moment.

The fundamentals look good - will the SP ever reflect them?

BoD At BCN have made bad decision after bad decision??????

I think getting Hanwa on Board === Good decision
I think getting Gangfeng on board === Good decision

Somebody needs to finance development - Ganfeng has deep pockets and expertise. As soon as final funding arrived at I would hope for a steadier SP - And hopefully rising as we get nearer to build out and production.

Financials and Resource are good otherwise these companies wouldn't be investing.

Regardless of the the inaccuracies. The publicity this brings to BCN is welcome. The more talk and press coverage there is will raise interest and hopefully the Share Prices.

Is it almost 5 months since Ganfeng deal announced and that they would aim to bring Project Build forward by 6 months. How does that square with 4-5 months of what appears to be no activity, and a stagnant share price. So regardless of current share price I would be interested in a updated project timescale.

Hemp. I think I read something on this years ago. As far as I'm aware there is no big battery manufacturer actively looking at it. There must be a reason!

limited edition will cost less than €40,000

You can get a Model 3 SR or less - and from I can see will have Supercharger capability, be faster. have higher tec, better batteries, and is a known product. And you can get one now - not sometime next year.

Yes I'm a fan of the Tesla Model 3

1. Sonora Lithium Project – 243.8Mt

Number 1

Ahead of
2. Thacker Pass Lithium Project – 179.4Mt
3. Wodgina Lithium Project – 151.94Mt
4. Pilgangoora Lithium-Tantalum Project – 108.2Mt
5. Earl Grey Lithium Project – 94.2Mt
6. Greenbushes Lithium Project – 86.4Mt
7. Whabouchi Lithium Project – 36.6Mt
8. Altura Mining’s Pilgangoora Lithium Mine – 34.2Mt
9. Goulamina Lithium Project – 31.2Mt
10. Arcadia Lithium Project – 26.9Mt

The're - -- They are

China has big plans to go Electric for transport because their pollution from Coal fired power plants is so bad. So I think its the biggest Electric car market in the world. With many home produced electric cars and buses. I think I read they replaced the whole fleet of a cities buses with electric ones from BYD. Anyway they are centrally controlled and force thru whatever they want. Just see how much High speed rail they have installed in such a short period of time. And we can't even run HS2 110 miles from London to Birmingham

Is that 100,000 for Sonora or all Genfangs Lithium Production. Really great if it was Sonora.

Lets get back to Basics. One Chinese consent given. Awaiting two more in the pipeline. Hopefully soon. Either way investments take time to play out. Sit back and wait . BCN has good prospects with due diligence performed by people more qualified to do so than you or I. Investments require research , conviction. and patience

"Stupid Brexiteers". Your opinion on Brexit is totally irrelevant to mining Lithium is Mexico. This general Market unease is generally a summer thing as lots of people are on Vacation. This year added to by Trumps continuing trade war with China. And if the face of everything suggesting interest rates should be raised they are being lowered. Which actually is good for changing Mortgage deals. Result of Brexit is yet to be shown. But so far all project fear has been proved wrong. But in my opinion continually extending the deadline is worse than just leaving as it adds uncertainty to the market and delays projects and investments. Again absolutely no effect in my opinion on BCN which is open to Global Investors and funding. And none of the Lithium I would expect to come to the UK as as far as I'm aware the UK does not produce Lithium Batteries in quantity if at all.

I see VSA Capital has target price of 114p. Do they give a date for this to be achieved?

wolfi_at - Thanks - I wondered how that worked. Issue of new shares - diluting current holders. But greatly increasing overall value because of the reduction in risk, and financing brought with them.

II shows Bacanora Market Cap £60.85 Million - Current Market Cap == $73.76 Million @ 1.21 USD to 1 GBP