Member Info for RyeSloan

It wasn’t entirely clear if the milestone oayments were additional to or compensation for the CAPEX associated with the expansion. Would be excellent if the milestones were just pure revenue for delivering and the CAPEX was covered elsewhere. Either way though some fantastic progress clearly being made with a key partner so no surprise to see a solid reaction from the market today!

Most of Miton’s holding was in their Micro cap trust so the redemption line doesn’t make any sense on that front. That said the effect on the SP of them selling out the trusts holding would be the same and if that’s now finished then it’s all good.

Normally you would expect an Accumulation like this to drive the price higher but it would seem not in this case. It’s been a very long wait here but the company now looks on the cusp of some serious transformation. I just hope there has been no more delays in the plant expansion and we can soon crack on with supplying the demand that would appear to be very strong for this product! Not famous for its news flow this company so we might have to wait until June and the full year results to get more guidance.

Not just traders being ‘scared off’..I top sliced this morning (before the drop..woo hoo) as I se protection of capital pretty high up the list when investing in Burundi. Each to their own of course and I still have a holding I’m comfortable with in terms of overall portfolio exposure and believe there is plenty still to be excited about here but I can rest a bit easier now knowing I’ve secured that first bag sitting nicely on the relapsed profit column.

Nice and clean those results with the likeable ‘strong start to the new year’ guidance. This looks a solid little company that generates plenty of cash and has a progressive dividend policy...looking forward to this being a stready compounder with a half decent chance of a takeover premium at some point.

And what gave you confidence before? Clive’s record of hitting deadlines and consistency within his RNS’s? Each to their own of course but I wouldnt be selling up at this point...but to be fair at least you will avoid the perennial dissapointment of A5 STILL not flowing!!

Been watching this for a while and after the recent weakness have taken a small position. I'm a bit nervous that the price has dropped quite so quickly into the results on the 22nd but taking the BOD guidance as accurate have put that to one side an taken an initial position here. Seems to be a well run company that has the opportunity to provide steady growth backed by impressive positive cashflow to back it's dividend so let's see how we get on!

Yeah fair point although I don’t see a takeover likely at this stage or on any near term horizon. Still I’ve been wrong before so who knows really! That said Inwould be gutted if we were taken out now!!

As for needing I take any action...anyone holding via a platform in The UK should be absolutely fine with the broker doing the leg work (that is after all what you pay them for!)...this is what AJ Bell sent me: Please be advised that as part of the re-domicile process we are required to input an electronic instruction via the UK Central Securities Depositary. This instruction is required to receive the new Ordinary shares in Bacanora Lithium. The instruction will result in holdings being blocked and it is likely holders will be unable to sell during this period. We will input this instruction on the 14 March 2018.

Takeover? No. Substantial issue of UK listed shares to UK based IIs? Yes. As far as I can see the M&G and Blackrock holdings are held by the UK limited companies versions of these institutions. So I think we will see funding announcements reasonably soon with our existing II’s taking up the majority (or all) of the required equity stakes with M&G and BlackRock leading the way...

The FS gives BCN costs relative to other producers...maybe you should check the quartile BCN are projected to be in? Or ou could check page 7 of the latest corporate report to see where BCN sits relative to even the brine producers. Unless of course your post was all about EMH and if so why post here?

Poor set of results with Reef in particular disappointing. OK the key metrics are creeping in the right direction but Reef was meant to be th jewel in the crown and has Underperformed badly. I’ll give them till the year end though as the forward guidance was slightly more positive than the interim results suggested but these are firmly bottom drawer for me.

Anyone got a finger in the air estimate of when we might get financing news? I assume we won’t hear anything until after the re-domicile but considering that is rolled up with the removal of the pre-emptive rights I’m assuming that is the facilitating move to allow the financing to move ahead... I took another wee chunk yesterday at 89p...I’m it even trying to guess the financing price but I’m working on the assumption that as long as it’s a balanced approach then we might see the SP move north on the prospect of it finally being real game on here rather than south to any placing price (if at a discount)....either way I’m surprised we are below a £1 and looking forward to moving through that and well beyond as financing then construction commences...

As I understand it the pre emptive rights are those that force a company to offer shares to all shareholders when new shares are being created. So in his case the limit was 365. Anything under that could be placed with a specific party at a set price any amount greater than 365 would have to also be offered to all other shareholders on the same terms. Effectively now Bancanora UK can place as many shares as it wants at a price it wants and do so to only select parties or groups without the need to allow the rest of the share register to partake. I think ;-)

Appreciate the replies. I'm not sure that I'm going to rely on Gvt due diligence though ;-). I certainly get the point and I see the merit in the fact that some revenue might start to flow from this contract but whether that is meaningful in the short term re P&L and stemming the cash flow out is another matter. I see the CEO stated that the last fund raise would see the company through to cashflow break even but I'm still not convinced and still expect another fundraise off the back of the Gibraltar confirm. Anyway I think I'll keep this on the watch list just now as the post spike retrace seems to be still in action...I might have a nibble around the 10p if that ever comes. Either way best of luck to all current holders in here. I really like the business segment this company is in so I hope it makes a success of it and the PI's here a load of cash.

Saw this pop up on the risers board on the Gibraltar news and have been following / researching a bit since. I like the story and there seems to be some genuine IP in this company and steady (if rather slow) traction being gained in it's key markets. However looking at the recent half year results the loss was �1.8m which is greater than the �1.56m of cash in hand at that point...what's current holders thoughts on the need for another placing as it looks to me that the revenue ramp up is not going to be fast enough to prevent it? In other words I'm tempted to get a piece of this action but concerned that we will see a discounted placing in the nearish future and I'm wary of committing prior to that.

Hope you are right RH! I took some today as well, increased my average but I didn’t expect to see sub £1 here again so couldn’t resist. If for some reason like a global equities meltdown we see this go down again from here I’ll be tempered again as the medium to long term story here seems pretty damn solid. But as I said I wasn’t expecting sub £1 either so wtfdik!

Not sure that make too much sense...take a look at the trend in US 10year yields since 1980 and tell me how it would be possible for long term holders of that debt to have lost money.

I made a near 10x on my EMH holding. It listed at 10p...dropped to 6p or the like then went all the way up to c80p so it's defo possible to 10 bag on mining stocks. As ever it's all about timing, patience and sheer dumb luck ;-).

Suppose it's. It too hard to convince yourself to buy shares at 77p when the SP is 135p! But in all seriousness the direcor buys here have been excellent indicators (their buy from KNDC prompted me to top up at just over 80p) so this just reinforces the fact that this company is making big strides. Dissaspinting to see the SP slip back quite as hard as it has from the 150 / 160 mark but really it can go back to 80p if it really wants as it would just allow me to buy more. Medium term the SP is going only one way and that's well north of here. Most LTH here have had plenty patience so I'm sure most of us are rather relaxed about the current SP and are just waiting ever more patiently for he next leg up!