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I don't think this will be wearing to dress it is today in a few weeks I can see this being taken over for sure. Either friendly or hostile bid my guess is discussion is underway now and may take a few days yet before we mortals get to hear.

some chunky ones coming through now

pop above 30p

oh ok yes you placed two trades keeps going NT trade they obviously have zero free trades here very tightly held

that was Jonnys

200 day ma could blast through that purely on technical

Buts that's all blah blah blah woof woof woof

This is about securing a disruptive commodity play out to 20 year time frame.

Guys buying Microsoft or Apple today are the lemmings the smart guys bought them 20 years ago. The same will be viewed with this type of resource. Today is just a another day its 5 years down the road Im looking at.

some sells there AT ASK!

Demand incredibly strong very few free float shares out there those that have them are HOLDING hence why the steady rise rather than spike.

Time is running out to get in imo

Conditional I think many misinterpreted that as bad BUT is disagree I am convinced BCN hold the Aces and want a good deal NOT THE FIRST DEAL

It seems to me there are a lot of interested parties and theyre all trying to bag this cheap which isn't gonna happen!

The lithium market is still in its infancy why sell to the first bidder Ive seen rare art sell for 10 x the market cap.

SERIOUSLY http://www.beautifullife.info/art-works/top-10-expensive-paintings-world/

And what will those painting be worth when global warming really sets in and Governments are forced to say NO MORE gas guzzling cars its all electric or go by bus or train.

Folks I see BCN as a rare gem its price today doesnt reflect its true value!

acanora Lithium plc / Index: AIM / Epic: BCN / Sector: Natural Resources

Bacanora Lithium plc ("Bacanora" or the "Company")
Corporate Update

Bacanora Lithium plc (AIM: BCN), the London traded lithium company, announces that it remains in active discussions with the State General Reserve Fund of Oman ("SGRF"), the sovereign wealth fund of the Sultanate of Oman, to conclude the proposed US$65M Strategic Investment Agreement and Offtake Agreement for Bacanora's flagship Sonora Lithium Project in Mexico ("Sonora"). This follows the expiry of the original strategic investment agreement with SGRF announced on 16 July 2018, which was conditional and has reached the end of its term.

In line with the above and previous announcements, the Company remains focused on completing the funding package in Q2 2019 with a view to commissioning a chemical processing plant and commencing first production at Sonora in H2 2021. A Feasibility Study, which was completed in December 2017, confirmed Sonora has the potential to be among the lowest cost producers of lithium carbonate. In addition to a US$1.25 billion pre-tax NPV at 8% discount (based on an US$11,000 per tonne lithium carbonate price) and an IRR of 26.1%, the Feasibility Study estimates Life of Mine costs at approximately US$4,000 per tonne, placing Sonora in the lowest quartile of the industry cost curve.

The Company will update the market with any new material information as appropriate.

Mexico! without doubt!

Has anyone actually tried buy a few grand £ or even £1000?????

without doubt BCN hold the Aces! its incredibly difficult to buy £k without going NT ive tried to buy a £10k stake to add to my small holding yesterday was impossible. Volume is tiny not for any reason other than lack of sellers. The mm's trying to hold it back because they have fill or kill orders and don't want a runaway yet.

LSE holders play a tiny tiny part of this trade for sure its easy for folks here to think they are in power but that's no way the case there are far bigger fish circling imo todays share price is TOTALLY IRRELEVANT its 10 years out theyre looking at.

Yes potentially a game changing announcement when that lands expect a 100% rise on the news imo

That was 2 months ago about right for news any day. I think BCN is just deciding who to go with China or Mexico?

This is in the final stage of securing cornerstone investor example is MXO a 6 fold increase in short time span though that is oil this is different beast but can imagine ultimately £100 million mcap from £30 million today!

If a bid lands I would definitely wait for counter bid so would not sell on first news. Projects like this don't grow on trees its well placed to provide a great entry for large miner to diversify.

Groupo plenty of free cash

LIMA (Reuters) - Southern Copper Corp, one of the world’s biggest copper producers, is considering an investment in a lithium project in Mexico that has also attracted interest from a Chinese firm, the company’s chief executive told Reuters on Wednesday.
Oscar Gonzalez said company officials visited the lithium project in the state of Sonora, Mexico, although he could not recall the name of the Canadian miner he said was “trying to sell it.”
Junior miner Bacanora Lithium Plc, said earlier this month that it owned 10 lithium concessions in Sonora and was focused on securing funding this year to start production in 2021. The company was headquartered in Canada before it moved to London last year.
Bacanora did not respond to requests for comment outside of working hours in London. A spokesman for Phoenix-based Southern Copper, which is controlled by Grupo Mexico, said he could not confirm if Bacanora was the firm Gonzalez referred to.
Investing in lithium would be Southern Copper’s first venture into the white metal, which has sparked a flurry of exploration projects because of expectations of strong demand from electric vehicle makers.
“It’s interesting and profitable,” Gonzalez said about lithium in an interview in Lima. The company has several mining operations in Peru.
He said Southern Copper had not made an offer on the lithium project in Mexico but that “there’s also a Chinese company that’s interested. The Canadians will have to decide whom to accept.”

** Separately, Southern Copper Corp SCCO.N , one of the
world's biggest copper producers, said https://www.reuters.com/article/us-peru-southern-copper/southern-copper-eyes-lithium-project-in-mexico-ceo-idUSKCN1QU36X
it is considering an investment in a lithium project in Mexico
that has also attracted interest from a Chinese firm
** It could not be confirmed if the Southern Copper is
investing in Sonora project

help but think a German auto maker or Chinese entity will want to secure a stable lithium supply at this sort of entry price?

Sadly I think a takeover will come but not the £1 or so it will be derisory low ball 50p or something close

Si great find that in itself reiterates the value here!

Looks like the Lithium space is really heating up as people realise EV is gaining traction fast

nm