Member Info for suffolkpompey

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Thanks for the clarification there bottomz, I think the recent publication of an updated company presentation demonstrates the progress being made re finance. My gut feeling is that funding is going to take another 3 months. My preference would be for the company to use compelling projected financials to get more 'project' financing sorted. An RNS confirming that we are say 60-75% funded would hopefully see an increase in SP, that would then provide a platform to make any equity fundraising easier and less dilutive. Here's hoping that by end of June we're looking forward to all funding complete and a significant rerate.

Bottmzup, agree with everything you say there, I'm running a similar strategy to you too. In an ideal world a few of my other stocks will hit target price and I will move funds here ready for a payday in early summer.

Not sure an EGM would solve much unless a new board and company strategy could be put in place.

I've had the misfortune to hold here for about 5 years. It's been a costly education for me. Thankfully I managed to bail out with most of my holding a good few years ago leaving just a 100k shares for comedy value.

This company wont make any money for a good 4 or 5 years, until then there's overheads to pay which means either selling off portions of assets held, or more placings..

Only winners here are the directors.

Not sure if this has already been posted, but in case it hasn't, and for the benefit of any new investors, here is a link to the latest company presentation. It no doubt is being used in conjunction with the ongoing fundraising being led by Citigroup. Has a lot of useful information within.

http://www.bacanoralithium.com/cms/wp-content/uploads/2019/02/The-BCN-Presentation-February-2019-4.2.19.pdf

Shows as a sell!

I would expect an RNS in the next 2-3 weeks confirming the ratification of the companies plan and potentially some information on the next steps.

The following company presentation gives an overview of what can be expected:

http://investors.matomy.com/~/media/Files/M/Matomy-IR-Media/presentations/matomy-bh-presentation-final-english-230119.pdf

I think nomadic was meaning an established mining company for jv partner? Cadence are an established joke.

Agreed, only thing that would propel BCN to that price is funding, and personally I'm not expecting any news on that until Easter time. Still, be good if it does happen sooner as I made a top up today.

Some quite impressive ramping going on this afternoon. 15 by Tuesday..? Really? More like 5-6p I suspect but we'll see, be happy to eat humble pie but don't thonk I will be.

F###ing hope so!!!

Scooby scooby do, I hope you are right. Glass of wine with dinner and a wee rum night cap for me. Keeping fingers crossed for the morning, I've a modest holding here, enough that a bad RNS won't ruin my day but a good one will make it. That's how it should be. Good luck everyone.

If the offtake was to come off what sort of rise could we get? We talking 30-50%?

whats your take on this then 67amg?

can get 50,000 shares at 8.4

Looks that way...

Link still works and he's still tweeting this evening!

The guy on twitter is a clown, he said 5p placing the other day now Google... Wonder what it will be tomorrow.

Totally agree Moonglow, reads like a load of BS to me...

Ironic, out of interest how many shares do you hold here?