Member Info for Shaz247

Also, planets have all just aligned and near 38p to buy. Possibly 40s tomorrow..

The market needed this retrace to enable the share price to go higher. Nice bowl to 60p

From previous experience, if there was a big seller then I doubt they would give me a quote for a large holding in one hit. Looks more like herd trading to me where a few sell and more join in as fear develops. If your intent in holding like me, there's nothing to fear as the story will get stronger as we near closure of the Ganfeng deal. Besides, it's healthy to lose a few clueless traders who've jumped in for the rerate and then itch to sell at the slightest bit of red.

I don't mind this action at all as the chart looked to spikey. It's nicely reset now for the next push upwards where I still fully expect to breeze past the 40s and 50s. No surprise that I can sell my entire significant holding at just under the mid price. Someone wants our shares!

We've had a few posters since the announcement of the deal shouting at the top of their voices with some shambles research to back them up. I wonder where they have all gone? Trisse will be the next one to completely disappear very soon

Let's see, it went to around 34p on the morning of the announcement and now stands at 39.5p. I would think there's a lot of upside to be seen yet so no time for traders to get giddy.

Classic rerate and possible that the market has caught wind of further developments. In any case, serious undervaluation when you look at the wider space. This has to be worth in excess of £100 mill easy.

Agreed. Besides these 4p/5p movements have little bearing on the actual market cap. I am hoping to see 10p/15p gains and I think it's coming. Watch this space.

Note: They are "CONFIDENT" this valuation gap will soon close. Hmmm.

However one looks at the story, the fact remains there is a very significant undervaluation case here and the company is likely in its strongest position to date. If there's ever a reason this could very quickly hit a triple digit share price, it's Ganfeng!

One matter which can never be ruled out is an all out bid at a mass premium. With the Chinese due to be sat on 29.9% and NPV at $1.7 Billion versus a mcap at just £40 million, makes perfect sense.

Yes most definitely and I suspect ii's will now be the driver to over 50p levels.

This willl continue to creep up until we are on the right side of 50p.

Through the 200 day line now and I fully expect some large daily moves ahead. Fundamentally and technically rock solid and extremely undervalued.

Flag showing imminent breakout first target over 40p.

This market does have a habit of throwing a total mismatch valuation at times. And there is no better example than here. NPV $1.7 Billion versus a mcap at £38 million. Management think that gap will close significantly as do I.

Key comment: "Our two projects have a combined, independently estimated NPV of more than US$1.7 billion, a level that far outstrips our current GBP36 million market capitalisation as of 4 June 2019. We are confident this valuation gap will soon close. I look forward to providing further updates on our progress during this exciting time for the Company."

On the one year. The three month is showing the classic flag pattern. Yes, I can sell the lot for higher than the mid price of 28p so that is saying something!

Flag, cup and handle. Looking to breakout over the 40p mark. In any case, a huge gulf between assets and current mcap that will slowly close.

Yes I think Ganfeng will prove a terrific partner for BCN and will unlock the potential very efficiently. This along with the German project equals a now glaring gap between the current mcap and assets. Investors are currently buying an absolute bargain at the moment. https://www.spglobal.com/platts/en/market-insights/latest-news/metals/060519-lithium-specialist-bacanora-eyes-european-production