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Seems odd to be travelling south after The Sunday Times material....any thoughts?
Lithium - equally vital for electric vehicles. Bacanora Minerals - BCN - got lots of it, and potentially more of it. Price shot at one point recently to �1-50 from the 40s/50s after The Sun on Sunday - oh...The News of the World !!.....had a piece on electric cars and batteries. Many folk cashed in but price now settled down in low 80s. DYOR - but in my opinion this share is a steal at this price
870 this time....and down.....more short term selling.......
Yes through the 820 barrier now and beyond........BUT there will come another point where folk will sell!! But long term absolutely solid
Back down below 820 within 15 mins of being 827 !!
Back down below 820 within 15 mins of being 827 !!
I think it is trying to go up - but each time it does so, some sell when over 820. There is a limit to this.....it will climb further back I am sure......eventually.....well in not too long
Not struggling now - up 40p in last 1.75 hours......something going on.
If results are good today - not sure that is a good decision, Megan. Holding is usually the best decision except in the very worst of financial crashes. My broker yesterday told me all he did was buy, buy and buy....for those prudent or lucky enough to have the money. Well, you did buy BP
This seems both a fair and accurate summary, KLUCK17, and certainly reflects my thinking
No brokers have the share price as low as it is. Only one has it below �14 at �13-90. All the rest, but one, are in the �15 plus area. And two brokers have the future price at over �17 and over �18 respectfully. Now however cynical you are about brokers they all cannot be so wrong. Must be a strong buy at this price
Trump is trying to be Canute. As one of the leading executives of HSBC has just said at Davos - rather awkwardly - "the dollar is the tallest pygmy". Trump may wish to lower the value of the dollar to boost US production and exports. He kept stating the dollar was overvalued throughout his presidential campaign and it had some temporary effect in lowering the dollar's value on a few occasions. It is, however, most unconventional for a President to state that the dollar is overvalued. In doing so he has had another temporary effect of lowering its value. BUT most world financial experts still see the fundamentals of the US economy - particularly with the low taxation regime brought in by Trump - as strong.And the dollar too as strong. I would say that KAZ is a very good buy at this present price despite Trump's shenanigans
Thanks for all responses so far. Some decent dry humour in all, But it is an issue that the market fails to see what is staring folk on this Board in the face - that this share will climb and climb in the medium to long term. Folk on this board that are - presumably - already invested and need no persuading. I guess the share climbed steeply over a short time...and yes there were people who took their profits. But I would have anticipated some rise this week. Irrationality of markets.....or?
Seems a fair drop - continuing to go down. Not sure why. Any thoughts?
Thanks Noise
Thanks for all this info addic and coop....very helpful ta
Please coopgare and addicknt....what is your understanding of how this news in Chile will affect the short, medium and long term prospects of BCN...........If I am correct you are saying it will affect small miners trying to come to the market in 2 years time or so. Also, I think you are saying there is a real possibility that small miners in Lithium will simply be bought by larger ones - one in particular