Member Info for r7632

Don't really think Mexico city drive alternate days will affect Lithium demand. I see China, Europe, America, maybe India as the main drivers of Demand for Lithium. Basically command economies and the rich Western countries that can push us that way. The rest of the world will just buy cheapest transport it can find. So will only be forced to Electric if Petrol/ Diesel prices rise.

Indeed. Existing licenses to be honored.

It will lots of sells and buys. Sell non ISA . Buy ISA. Bed and breakfast. Although last year I tried b&b at Hargreaves they said facility not available - Covid. So had to do myself.

Also you have a year to put money. So might not be people just waiting for new tax year. For instance I'll probably top us my daughter's ISA later in year as and when i have spare cash sitting in my bank account. Especially as I can't spend it on holidays at the moment.

Tesla Q1 Results out soon. I they are good Tesla and SMT should bounce?

Have you taken Covid 19 into consideration in your time scale?

Firstly I think battery prices are not significantly related to Lithium price . The price sensitivity is Nickel, Cobalt, Magnanese. That is Lithium could easily go the 2017/20218 price price range of 17000 USD per tonne. It basically down to relative quantities of each metal.

Also until they get their own mine up and running in ten years or so they will have to buy on open market.

And finally Tesla will be buying batteries made for them from Panasonic, LG , Catl ... Their suppliers will be sourcing the raw materials.

One other point is the use of low cost Lithium Fluoride batteries is lower range EVs and Energy storage. I think will very cheap batteries of this type the demand will be in order Tesla aims to make. 3 Terra Watts per year by 2030.

There are competing options for Energy storage. One point for Lithium Fluoride not only greater longevity than NCA/NCM but that is higher number of recharge cycles. But also all these batteries are recyclable. Take them out crush, leach components, or heat or whatever and reuse in new batteries. Who can tell which option will be the cheapest but Lithium Batteries have so much money going into Gigafactories their prices should be cheap. And as far as I know most Gigafactories are being planned for EV production. Only Tesla us openly saying Energy Storage will be a huge market, even larger than EVs. With renewables expanding rapidly and also providing cheaper electricity Energy Storage will see huge demand. We know it is cost comparable with Peaker plants already and is quicker to install, and environmentally friendly in that local residents are much less likely to object to having a battery storage facility than they are a Peaker plant.

https://www.nasdaq.com/articles/tesla-tsla-enters-lithium-supply-deal-bacanora-minerals-and-rare-earth-minerals-2015-08-28

From 2015 - Proposed Agreement for below market rate LIthium

Looking back maybe they should have gone with that to get the project going.

BCN wants to sele LIthium to Tesla. Lenigas says had a deal but the board rejected it. What he didn't say is that his deal was a fixed low price, about half the market price, that meant it would not make enough profit to raise the money to build the mine.

It went to 68p quite quickly at the beginning of the year. I expect this will just suddenly shoot up in price. As this is a long term hold anyway I'm too bothered. Although I'd like to see this remain low for a month or so, and then rise.

I really don't see this as a dividend share until they get production to 100tps. I see this as a growth stock like Tesla. Putting earnings back into expansion to make more profit and increase value thru SP.

Personal preference but Dividend share is 5. To 10% return per annum. I'm hoping to see more than that over the next few years. At least target price of 120p per share. Which from here is 2-3 times return. But since I've held from 2015 and my average sp is much higher than current sp it won't be much of a return over 8 years. Still better than leaving the money in the bank I hope.

M and G

Do you think Hanwa, Ganfeng, Hanwa are financing this as a flight of fancy so the directors can just keep taking in large salaries.

No they want this built and producing lithium.

BCN have offtake agreements with Hanwa 50% and Gangfeng 50% of stage one production at Market Prices.

Also I think Ganfeng has agreement for 75% of stage two production at market prices. Which I believe to they will do sometime after stage one is in production. A further capital raise will be required to fund stage two.

Well you got your 1p drop in SP.
,:)

Court case outcome would make 2-3 % difference. So 1p at current sp. Really not worth considering as part of valuation considering. Ganfeng have 50% of SSL and 28.8% of BCN, and the huge potential of the mine.

Still every now and again some one brings it up to try and lower the SP.

I believe the SFO is crushing this company. This is not what they supposed to be there for.

Not matter what what way the SFO case goes the uncertainty will be removed and this share should see Market Value. Whatever that is. At the moment though there needs to be somebody from Government telling the SFO to close the case one way or another. Destroying Companies should mean the SFO should be put on trail and if found guilty of malicious harm they should be jailed. They need to held responsible for their actions. Seems to me the SFO are not fit for purpose and needs to held accountable. - as they seem to hold Companies Accountable.

TR1 - Notification of Major Interest in Shares – Company Announcement - FT.com.

https://www.mining.com/lithium-prices-continue-to-soar-up-88-in-2021/

I think that is above the 11,000 used in the DFS to give a NPV of 900 million USD.

I don't think Ganfeng need to. They can invest in multiple other projects now this is on its way. Just like they haven't put all their money into expanding Lithium America's resources.

They have 51% of Lac argentine brine mine. But money will be needed develop Thacker Pass. It wouldn't surprise me to see Ganfeng going 50/50 on developing that with Lac.

There is so much demand and Ganfeng want to be top dog in the Lithium sector I think they will be looking at other projects to invest in and increase supply even more.

Anyway getting 60-70% of multiple projects is better than 100% of BCN. IMO.

Now if they were to try taking over BCN at what sp would they have to cough up. I would imagine at least the target price of 120p. But then nothing seems to go as you might think with BCN. But as no more money is needed they would have to buy shares on the open market?

Multi bagger. I was here when the sp was in range 80p up to 145p. That was in 2017/2018 So not much of return to be at 40p now.

Even if it got to 90p that would be 4 years with no gains.

Multi bagger would be closer to 200p a share.