Member Info for Si90

https://twitter.com/keith__johnston/status/1169528909165207553
Bev sales surging +377% to 3.4% of the uk market. Wait until vw bring their mass market ev out.
Then they will see what growth looks like!

I think that is the worry here, nobody trusts the bod anymore. The company has basically issued shares to keep the lights on over the last few years, with the effect of diluting existing shareholders.
I suppose they had no other choice but to do that really, as none of their investments (while potentially very valuable), have not come to fruition yet.
This New deal definitely has a different feel to it though. Every other investment they have made recently has very quickly had a lot of question marks around it. I haven’t seen much in the way of negative comments regarding the latest deal.
Let’s hope this time they get it right.

Agree with perry. ev’s are going to be huge, as is stationary storage. People generally think it is so far away (2025) that we have ages to sort out the mining of the materials needed, and can obviously get better returns in a shorter timeframe elsewhere.
To me, the spring just gets coiled ever tighter, and one day there will be a mad scramble and money pouring into the sector. Dare I say it will even create a huge bubble! That is when I plan to take a bit of profit, and leave the rest in for ever to collect some nice dividends.

Many thanks for the explanation Bannor, I understand now.

Hi Bannor, is the share price not 0.1p?
Or £0.001, or a 10th of a penny. 0.001p would be a hundredth of a penny. Hence why you get 5 billion shares, instead of 500 million shares to raise £500k.

I did add an extra one! Its meant to be 500 million, or 500,000,000!
This consolidation will make things easier to work out if nothing else!
The point stands though, if they issued 5 billion shares, that is roughly 50% of our total amount of shares, that would increase our market cap by 50% (if the share price stayed the same) which would raise £5 million ish, not £500k.

Or raising £500,000 would require the issue of 500,000,0000 shares

Would the issue of 5 billion shares not raise funds of £5 million, not £500k?
5,000,000,000 x 0.001= 5,000,000
Or am i a digit out? There are too many zeros with this company!

Thanks

Has this news been issued via rns? I cant see anything on lse? Or is lse broken again. Anyway, it looks like great news for kdnc, and still holding BCN could prove fruitful too.

I have just found this, I think it has just been released. About to have a listen.
https://www.proactiveinvestors.co.uk/pdf/create/news/details/901725

It does not look like that is what they want to do. They have publicly stated that they do not wish to buy outright lithium projects, but work with the various companies.
Also, I believe that new shares are being issued to allow them to buy the 29.9% (somebody please correct me if I am wrong on that). If they wished to buy the rest of the company, it would mean buying shares off you and I, and I presume that would be put to a vote of existing shareholders.
Considering our board paid more than 80p for their shares, I imagine that they would vote down such a takeover offer. They turned down a £1 offer some years ago, so I cannot imagine they would let it go that cheap when we are so close to getting the mine and processing plant operational.

Some thing the bod are never praised for. There cant be many junior aim minors to have only 130 million shares. While most, issue shares to cover day to day operations, that is something that has been kept to a minimum here. If you bought in 5 years ago, you own pretty much the same percentage of the company now as you did then.
However, our lithium processing plant cant be built for nothing, and it seems likely some shares will be issued. But not to keep the lights on, but to make £122.5 million a year gross profit (stage one). Bare that in mind before complaining about new shares being issued.

Sorry, yes I was a bit over the top with the length of the tunnel. The point being though that the infrastructure needed to make Sonora operational is far less complicated than what Sirius are doing. I suppose you could also argue that once the infrastructure is in place at Sirius, then all they have to do is dig it out the ground, as apposed to all the work we have to do to process the ore.
Like I said, the two projects are not really comparable, and I hope both succeed.

I am not sure it’s comparable at all really. They are at similar stages in terms of project development, but that’s about it.
Sirius has to bore down a couple of miles (I think) to reach its product, then put it in an underground conveyor belt 45 miles to port. The material doesn’t require much in the way of processing, and it has the potential to process millions of tons a year.
The problem as far as I can see is the amount of capital they have to raise to complete a very difficult engineering project. I 100% want it to succeed, for our local economy, but I think it is a big gamble putting money in there. A lot of things to go wrong once they really get into the construction phase.
Contrast with Bcn, very easy open pit mine, a tiny amount needed to be raised (compared to sxx) with very little unknowns on how the lithium is going to be processed, so difficult to imagine any major cost over runs (with Gangfeng involved it’s looking highly likely that it will cost less to build than estimated. How often does that happen?)
Oh, and all of our product has been sold! Market cap a tenth of sxx. I know where my money is.

I think the main difference is that sirius will potentially turn over and make more money.
However the massive market cap of that company remains a mystery to me! They have to raise a hell of a lot of money, which they are struggling to do, and the product they are selling hasn't been used on a commercial scale before.
I live quite local to that project, and there are a lot of people who have put a lot of money into the venture, with expectations of very big rewards. I think this is part of the reason why the market cap is so big, it is a well known project in the uk, not some lithium mine in sonora, mexico.
However, with the market cap been so low at bacanora, where would you put your money if you want capital growth? Especially with funding looking more likely to happen at BCN than at sxx at the moment.

I will tell you where they are (The free world investors). Protecting their interests in oil! Trying to eek out the gravy train as long as possible. The west has had it imo. Asia (Mainly China) is going to be the world power in years to come. They are slowly buying up the future. Its a sad state of affairs. But with the likes of Trump complaining about “Windmills giving you cancer”, we dont stand a chance. Watch “new money” on amazon prime for an insight into China. Steve Sugerrand (dont think thats how you spell his name!) and Jim Rogers present it. Guess where their money is going.

Further to my last post, a YouTube documentary (the Tesla conspiracy) that I watched last night also bought up a very good point.
They said that half of the 100 million barrels of oil produced each day goes to the automotive industry. At $50 a barrel that represents $2.75 billion.
If the oil industry can slow down the uptake of the EV by just one day, it makes that millions, or billions of dollars. After watching that, I think the oil industry is also helping hold back the investment in new technology (and lithium mining). Even if it just spending money on spreading FUD, it has a direct knock on effect on investment in all new sectors relating to the electrification of transport

Didn’t want to look for negatives, very happy with today’s rns. No hype, no bluster just a steady flow of info as the relevant parties sign off the deal.
This share is just so frustrating though!
I was listening to the fully charged podcast this morning, and they were interviewing a panel of experts from the rail, marine and aviation industries. The topic was the electrification of the above.
And one panellist said something quite pertinent about timeframes, which I think applies here.
Because of government policy banning ice in 2030-2040 etc, people have a laid back approach to the electrification of transport, in that we have ages to sort it out.
I think this sentiment applies here. Everybody knows we need loads of lithium, but not for a few more years so we have loads of time to sort it out.
I prefer to listen to Simon Moores , Joe Lowry and Howard Klein, who are all saying the same thing.
Investment in junior miners is pitiful and that is going to cause huge problems sooner than people realise (I think Tony Seba’s work on S curves applies here). Hopefully we will be producing as these problems occur, and will be able to fill a decent chunk of the market with our battery grade products.
Buying in at this stage will be looked back on as the investment opportunity of the century if you ask me!

That’s what’s depressing NST. According to their just released RNS, they still hold 0.5%. Which begs the question, who has been selling over the last 2 weeks?