Member Info for thompson123

https://www.google.com/search?client=firefox-b-d&q=Ganfreng+Share+Price
Watch this space.

I also spotted this article in the Telegraph and it speaks for itself about the true value of Bacanora. How can Border Bob whoever he may be, try to support the rediculous price that G/F have offered for the shares. If he is not not a plant working on behalf of someone trying to steal this company. What other conclusion can you come to.

Yes BB and there are other b*****rds who bought this share in good faith at a much higher price than that being touted, who are being fleeced.
I am not convinced about your explanation of why you are on this bulletin board day after day knocking this share. Something does not add up.

Mr C - that is one thing I don't get about BB. If he bought this share to make a quick buck why does he continually knock it. Surely it is in BB's interests as a share holder as claimed, to see the price rise. One is led to think there is much more behind this person's motives in relentlessly trying to drive the price down. As someone else says he only recently joined this message board (which in itself is suspicious), and has plugged the same line day after day. Who is this character, what motivates him/her, and what did he do before the takeover situation happened. I guess we will never know.

To put things in perspective I would recommend watching this series of videos about the strategic importance of Lithium. The de-rampers on this board defy belief and are obviously motivated in devaluing the price of this share down for their own questionable ends. Just get on You Tube and look at the numerous videos about the difficulties of producing enough Lithium to meet yhe worlds's needs for electric batteries. Below link is just one of a series of videos on the subject. There is only one way the priceof Lithium will go and that is skywards.
https://www.youtube.com/watch?v=xLr0GStrnwQ

This is a more likely scenario than the messages BB is putting out. Who is this mysterious person and why is he doing this.
'China has focused on building capacity at every stage of the battery supply chain, thereby controlling the processing of almost all of the critical minerals. China’s approach recognizes that you do not need to own the raw material sources to control the global flow of trade in the supply chain. With Biden’s plans, the United States will be dependent again on key minerals for its energy system and this time the dependency will be with one country—China. '

Let me make it clear that I am totally opposed to this Chinese takeover and think it a highly dangerous thing that their government (who seem to control everything) could get a world monopoly of this precious resource. Maybe they are already sniffing around in Cornwall while the G7 meeting is going on. As for my own holding in BCN it is small and purchased years ago at a price way above the proposed offer. I am hopng that Dee is successful with the stirling work he is doing and the effort he is putting in is amazing.

I wonder if Governments in major countries around the world are not becoming concerned about China getting control of so much of the worlds reserves of lithium. It is likely to become an important strategic mineral resource and quite dangerous for one country to control so much of it. If the price does shoot up then obviously this will encourage new mining developments. One recently getting attention is boring deep wells in Cornwall to pump up lithium bearing water, but it takes time for such alternatives to be developed. Quite appropriate as the G7 summit starts in Cornwall. this week.

Her is what HL replied to my enquiry about voting if an offer is made for BCN by the Chinese
' Once the Annual General Meeting (AGM) has been announced, you can place your vote by sending us a Secure Message or contacting our helpdesk on 0117 900 9000 to verbally place your vote by phone. '

Not sure when the next AGM is planned or if a special one will be held for Sharehoders to vote on the takeover.

The price of lithium has dropped in the last 10 years from over $900 per KW hour to under $250. The article goes on to say as quoted below. so you could conclude that with everyone getting in on the act of building electric cars there is only one way the price of lithium can go.
Quote from article about Tesla
'The big constraints exist in the supply chain for EVs - above all the raw materials of lithium, nickel and cobalt used to produce batteries.
Tesla has even started a project to mine some of these itself - a risky venture that could backfire given that mining is not exactly the company’s core area of expertise.
Perhaps a better acquisition for Tesla than a car rival would be a big lithium miner? '
Unquote
If nothing else this could put a much higher price on Bacanora's shares than their current value and could enable Tesla or any other car maker to get their hands on a supply of Lithium. At the moment the Bacanora share price in no way reflects the true value of the lithium assets of the company. The fact that an established Chinese mining company is a partner in the development of the mine in Mexico makes it even more attractive. On top of this Tesla have just built a car factory in China.

https://www.telegraph.co.uk/business/2020/12/03/teslas-share-price-faces-bumpy-ride-back-earth/
Very good article about Tesla and covers the price of Lithium over the last few years. Lithium has dropped to a very low price at about 30% of its highs a few years ago. This is just as the production of electric cars is increasing so the demand for lithium must also increase along wilh its price.