Member Info for Si90

Some Sunday afternoon listening.
https://podcasts.apple.com/gb/podcast/global-lithium-podcast/id1316155766?i=1000419307855

Global lithium interviews SDmoores of Benchmark lithium. Interesting conversation about how lithium pricing works (very complicated! Don’t believe what main stream media/Financial analysts says) and also how off take contracts have been put together so far, and how this is changing as money is starting to finally pour into the industry.
(See Kidman resources deal)

I would say that what Kidman have got that Bcn haven’t is the fact that their resource is hard rock. People know it works at scale.
Bcn need to get that 17,500 plant up and running, then sonora will be on peoples radar and true value will be realised. Especially considering the cost of producing lithium from clay is potentially half the cost of producing it from hard rock.

Further to my last post, not only did kdnc ceo Mr Morzaria make that stupid comment, he also did it while dumping around 5% of the issued shares! That is how to ramp a share! Mr Lenigas obviously taught him nothing!
Coupled with Blackrock selling out it is plain to see how we ended up down here.
But we had an rns saying Bcn believe the institutions have finished selling, so that is another factor not dragging tge share price down.

We got dragged down this far for a number of reasons. Obviously the pulling of the funding was the start, but we were bumping along in the 30’s, with a brief surge back to the 50’s, when mr Morzaria implied that a share placement would be done in the twenties. That dropped the share price from around 33 to 25 in a day. He was reprimanded for that in an rns from bcn saying that he knew nothing, and the interview has since being deleted. Then there was the whole twitter short selling job that took us all the way down to the low teens. Spouting meaningless numbers as “low twenties” with absolutely no reasoning behind it is no better than saying its going to double in a week.
I see no reason why the share price shouldn't stabilise between 30 and 50 in the run up to funding news, which is where it was before twitter gate and “The interview”.
But as we all know, markets tend to overshoot, and coupled with the fact that sentiment in the lithium sector has improved massively makes me believe that the share price can get back to more healthy levels.
We may not see the highs of 150p before funding, but stranger things have happened.

You keep saying that pumpy, but it just keeps drifting up?

There is a lot of excitement here granted, and I know nothing is certain, but can you honestly see this project not happening given what is going on in the sector right now?
You only have to follow benchmark lithium (sdmoores) and any of the other consulting companies to know that they are all advising that lithium is going to be in tight supply, mainly due to the problems with getting new mines up and running. Sd moores was advising the US government yesterday, so I think he can be taken seriously.
Something that Morgan Stanley failed to take into account when they warned of lithium oversupply (and ironically made it harder for juniors to raise money, which will result in even tighter supply).

My biggest fear (bigger than dilution!). A lot of people have been in this share a long time, because they know the long term potential. If we do get taken over, it wild be at least nice to see stage one completed and operational, then we might get true value.
Also, any takeover would have to suit Hanwa, as they want the product, and I presume part of the reason they have invested is to protect that supply. Do they also have a member on the board?

It would be nice to get an rns that wasnt just a price monitoring extension!

Didnt go ahead when the share price was much higher, so cant see why it will happen down at these levels. Sxx need to raise billions! We need peanuts compared to them.
I am sure shares will be issued, but not on the scale feared. I dint think Hanwa will stand for it.
Plus, with the money that is coming into the sector, (see kidman as an example),
I think we will be ok.

Would be nice to at least set a year high today.

Bid creeping back up. Surely anyone who wanted to sell around 30p is out now and this will be free to move.

Are you kidding me! The deal with Tesla was done with the Sonora lithium partners, brokered mainly by David Leningas. I don’t think BCN ever we’re keen on the deal, and it was so bad, the slpp pulled the plug. You need to do some research before coming out with comments like that. I very much doubt that Tesla ever believed they would get their lithium at $6000 a tonne. I think Tesla did it to help raise the profile of junior miners, in the hope they would have a better chance of coming to production. Very long term thinking.

Climbing again 27p to sell

Does anybody have any info on what time they start etc?
Many thanks

With the potential of sonora at just a 35,000 ton plant, thats a gross profit of $250,000,000. With lithium carb at 11,000 a tonne, with a $4000 cost to produce. I am hoping for a billion dollar valuation at that point.
35 kt is just the start. We can scale this up as much as we want. The pfs is only on a very small area of our land

It was a low ball offer, but coupled with the fact that BCN where being offered shares in the then named REM, the deal was never going to happen

Yes, my only concern is that in the article it states that lithium miners share prices have been hammered, making them attractive takeover targets. I hope our share price recovers as it would be sickening to get taken over at a 47% premium to our current share price!
However, I am sure most people would be happy with a $0.5 billion valuation at the moment!

Recourses? Resources!

https://uk.reuters.com/article/us-kidman-resources-m-a-wesfarmers-idUKKCN1S74TA

Lithium acquisition. Kidman recourses been offered $544 million by Wesfarmers. 47% premium to their current shareprice.

Pump, we have time on our side to get it right. Li demand is going to boom in the twenties. People are only just starting to realise that. Why give too much of the company away with a crappy deal.
If and when the funding is sorted, sonora will come online right into the vertical part of the s-curve