Member Info for Rocket79

Snippet from Article in FT. Interest in Lithium grows. Let's get to that 125p price target.

Lithium producer Livent is looking to acquire resources in Argentina and Australia to expand its access to raw materials to meet rising demand from electric cars, chief executive Paul Graves said.

The company, which was spun out of its parent FMC and listed on the New York Stock Exchange last year, said it was looking at low cost high quality assets in Argentina and Australia.

“We’re looking now. We’re talking to people now,” Mr Graves, a former M&A banker at Goldman Sachs, said. “A good resource is all we care about.”

125p Price Target. Good luck all

"With the FS at Zinnwald on course to be completed in Q2, we will soon have a first independent valuation for Zinnwald which we are confident will far outstrip our current market capitalisation. Zinnwald however is one of two lithium projects in our portfolio. In addition to Zinnwald, we are focused on completing funding for our Sonora project in Mexico in Q2 2019 with a view to commissioning an initial 17,500tpa lithium carbonate operation and commencing production in H2 2021, as we look to unlock the US$1.25 billion NPV assigned to Sonora."

Analysts at VSA Capital have a ‘buy’ rating and 115p per share price target on Bacanora Lithium shares, well above the current level of 21.75p.

In a note focused on the Zinnwald license extension, the VSA analysts said, based on the previously defined resource, they have attributed a value of £38mln for the project, using a peer-based EV/resource metric, implying 10p per share.

They said that given the proximity of the German licenses and the reported geological similarity, given historic workings for tin, tungsten and lithium across both areas, in their view there is potential for an extension of mine life to that defined in the feasibility study..

The analysts pointed out that Bacanora is planning to produce a lithium fluoride product at Zinnwald, which is one of the most valuable lithium products with recent pricing indicated at around US$22,000 per tonne and could be used by the local German chemical industry.

The VSA analysts also noted Bacanora’s comments on recent share price volatility and the changes to its register prompted by investment strategy revisions at Blackrock and Capital Group.

They said: “With this technical selling now indicated to be complete we expect stronger support for the stock ahead from a trading perspective.”

Overall, the VSA analysts think the fundamentals for Bacanora remain unchanged with Sonora remaining a highly attractive asset which is, in their view, “deeply undervalued”.

115p Target. They have to let this go.... Time for a top up before the fun. This is a coiled spring...

Off topic I suggest holders look at BCN Bacanora Lithium.
Undervalued with news due very soon which will be a catalyst for sp. Good luck all

The fact that $150-$180 mil from 1-3 investors is mentioned tells me the deal is advanced. Just working out who to take money from. Souther Copper must be one. Strong Buy

"After hitting heavy resistance last year in its search to raise capital, junior miner Bacanora Lithium believes the time is right to resume its hunt."4 hrs,20 Mar 2019 https://t.co/BZ18Jz24pw [" #BCN IS LOOKING TO RAISE $150-$180m FROM 1-3 INVESTORS -CITI & CANN AS BROKERS."]

"After hitting heavy resistance last year in its search to raise capital, junior miner Bacanora Lithium believes the time is right to resume its hunt."4 hrs,20 Mar 2019 https://t.co/BZ18Jz24pw [" #BCN IS LOOKING TO RAISE $150-$180m FROM 1-3 INVESTORS -CITI & CANN AS BROKERS."]

30p today?

Q2 going to be very good to us share holders.

Seller gone this is going to rerate. Fantastic entry price. Strong Buy

Straight from the horses mouth. Selling done. Now for the rise. Good luck all

Southern copper hopefully also interested. Have Hanwa put their cards on the table? Things now look like they are moving along with investors putting the pieces of the puzzle in place. If we are correct we are going to do extremely well here.

Excellent find guys. Well done thanks for sharing. This will rerate very soon imo. I agree to much of a coincidence.

https://mexico-now.com/index.php/article/4618-driven-by-tesla-bacanora-aims-to-boost-sonora-as-one-of-the-main-lithium-producers-worldwide

. In fact, the company has already signed a conditional long-term supply deal with Tesla to provide lithium hydroxide for its Gigafactory near Reno, Nevada.

Southern Copper is considering acquiring a Mexican lithium project. CEO Óscar González told Reuters that officials from the company have visited the ..
http://www.bnamericas.com/news/miningandmetals/southern-copper-mulling-mexico-lithium-foray

Lithium developer Bacanora’s share price gained 45% on Thursday, on reports that Mexican miner Southern Copper is interested in investing in the company.

http://m.miningweekly.com/article/bacanora-shares-skyrockets-on-report-of-southern-copper-investment-2019-03-14/rep_id:3861

I'm expecting Southern Copper to put a take over offer in. Whether it's accepted is another issue. Will need to be north of 100p imo