Member Info for Simon_Said

It is positive for the whole junior lithium sector, demonstrating that these junior models can work, and that funding can be found for these sorts of deposits. The next year or so will be a massive for this sector, with many of the small companies that came out of the junior lithium boom a few years ago approaching the time they have to actually walk the walk and raise capital.

Investors who can't understand this sort of model will balk and depart at the financing, but it's necessary for juniors and the key to how, in a success case, they can create such enormous growth multiples.

This sort of discussion is a key part of EMH's future and Bacanora's financing is a very positive signal for how this might happen when it's time to raise capital for Cinovec.

No need for conspiracy theories, PI's generally sell of when the word 'placing' is said and await the placing price. They're just waiting on the bench to see what happens.

Why choose a moment like this to write a post basically taking the most negative speculations possible for no particular reason?

Some PI's are their own worst enemies.

Worth remembering that this is a very illiquid stock. If an II wanted a large piece of Bacanora, their attempt to amass the necessary shares would take time (they're not available all at once) and the sustained buying activity would push the price up, making it increasingly expensive (as well as unpredictable). Thus, being offered a large number of shares in a placing, even without a discount to market, is advantageous to any II who are impressed by the company's prospects. 100% of the shares they want at present market value is a lot cheaper than having to buy them piecemeal on the open market with the price slowly ratcheting up each time enough shares become available and they take a tranche.

Yep, any day this week. Looks like good news as they've added so many new routes/partners this period, especially the additional Google Play migrations and buildup of the Amazon Japan physical retail boost.

It will also hopefully flesh out a bit more their plans for Audiens, which I expect will in some way inform a new product under the Bango brand.

Lol typo - 'is *necessary* to unlock all future revenue'.

Indeed - some AIM investors reflexively hit sell at the mention of the word 'placing', even when it's one that was already known about, is smaller than feared and is unnecessary to unlock all future revenue.

I hope when it happens here, people are less idiotic! These are junior miners, they have to find finance somewhere.

(by 'investors' I was referring to II's in that post)

They will have thought of this. Investors won't be able to get much of/any discount though, as the risk is so low (already permitted with completed feasibility studies). So if the price drops a few pence (like now), that's probably all they'll get.

You tend to only see heavy discounts on placings where the risk being taken on by the investor is substantial, or it's a panic placing from a company just to keep the lights on. This is a very different kind of bookbuild, for something already full studied and permitted.

Funding arrangements finally all revealed for Bacanora. Very nice arrangement and definitely sets an excellent precedent for what can be done here when the time comes and the major investment stakes are needed for the buildout.

I just managed to buy at what was listed as the sell price... nice!

Yep I like the look of it, and the looks of the terms to the various funding parties as well as offers from Hanwa and Oman suggest strategic investors know the value of this investment. Given permissions are already in place, it's a pretty straightforward investment case for them, as it is for us.

A few usual silly AIM investors selling on the word 'placing' without looking at the details or considering the reasons! They'll be rebuying when the construction RNS's start to hit.

Indeed. The dumb AIM reactions to placings have no relevance here, as funding for the project needs to come from somewhere and obviously unlocks huge amounts of future revenue that wouldn't otherwise be available.

Some recent sessions have seen people finding it difficult to buy large numbers of shares.

Seems to have been limited stock to buy for a few trading days now. Will be very handy if there is some news soon and a rush to buy, in a time of limited stock that'll set her alight.

As we all know this is the prime time for news on several fronts for Reabold, so fingers crossed.

That's just generic waffle really! AIM attracts the most risk-hungry investors in the entire market, and the least likely to say 'Oh ****, trouble in Iran - better sell my smallcap mining shares in a totally different part of the world!'. Sometimes after major news events AIM dips, but that's mostly defensive selling from those predicting it'll have an impact. This usually corrects pretty fast.

AIM investors are also the least likely to strategically switch to holding in cash. Again, it happens, but AIM investors are the type of investors who are least satisfied with cash and always want more exposure.

Also that old chestnut about 'what if lithium gets replaced' has been debunked so many times it almost feels tacky to do it again but... the scale needed for a new battery technology takes years and billions to make happen. Lithium ion is so ubiquitous and fast to roll out that there is nothing even close to the market that could compete in a useful timeframe. Both the base materials and the battery construction would need entire industries and supply chains developed as well as industry to rally behind it and use the tech - it's all too broad and would take decades and it's not clear why anyone would bother.

Additionally, it's not clear what 'problems' they would be solving, as the main problems with li-ion (recharge times and heat-induced crystallisation reducing capacity over time) are being rapidly developed out of existence with huge investments into optimising this tech. Lots of interesting patents have been filed in recent years. The lithium is not the problem.

I will be attending.

That is a strange assumption based on nothing but your own hatred of this company, which itself I believe comes from a personal dispute you had with a poster who is invested here.

Honestly don't you see how sad this is?

'Near term potential catalysts'... if you don't think RBD has those you're not reading the RNS's, Longlad!

Because that means taking on all the risk and all the drilling costs, and doesn't get you exposure to all the other companies RBD is invested in. Some of these, to add, are from non publicly-listed companies.

The benefit of RBD is precisely the benefit of diversification, which most AIM investors ignore at their immense cost. Reabold shares give investors both broad asset exposure and diversification of risk.

Additionally, as has been discussed in-depth here, the deals done by Reabold so far have all been structured in clever ways. The risk in this share is a lot lower than an individual driller, and the exposure far broader.