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I think it can keep going. Chart isn’t near overbought yet. I’m looking for it to break old high and consolidate in the 30s for a bit before going higher (ceteris paribus wider mkt etc). It won’t go to 70-100p in a straight line, but just be patient and enjoy the ride antropic. Aim to slice in the mid 30s maybe if you need to?
Ah got you fozdog. The 100% ownership was a coup. I’d been following this for ages, but that’s what got me involved properly. Now they have the ownership, funding, maxey with enough shares etc sorted, i think we’ll see a big step up in comms and newsflow from the company. Factor that in with the lithium frenzy that is finally beginning to catch investors’ eyes and I don’t think a re-rate to 70p-100p is too far away. If you properly think about the value of lithium in the ground, that would still be peanuts as a valuation for the company. ATB.
No catch, just been under radar. Only got 100% ownership in the summer, had very little PR. Company been getting ducks and ownership in a row. Now post BCN buyout it’s had more exposure and is selling itself.
Btw there is a reddit forum zinnwaldlithium. It’s been pretty quiet, could do with some fresh input.
Sorry also meant to apply to your questions foz, don’t mean to be grumpy - I literally just woke up and a bit hungover.
I agree with the 70-100p valuation, as where it should be now.
I actually think worth a lot more, as we develop from here. If we take $25k-$30k per tone LCE that’s $20-25bn value of lithium in the ground - from what we know so far. That resource will obviously grow too…
WRT SAV, i’ve always thought it’s overpriced relative ive to this, it’s further behind - waiting on EIA approval vs mining licence granted. NPV nearly half the value and from scoping study rather than DFS and a smaller resource. It’s mkt cap is 40% more than here so not really lagging! The good news about the BCN transfer is that it’s shined a spotlight on this asset. Have always maintained that this just needed exposure, the story sells itself.
Welcome aboard all BCN guys, but please can we stick to facts and if you don’t know please ask. There are people that can help.
No it went G&P gmbh. These are the guys i think are selling down.
Gangfeng’s position is as a result of their in specie portion of the BCN take over. The ZNWD part of the BCN deal was structured to cut gangfeng out of owning a larger part of a strategically important german asset.
Lest we forget your contributions, inter alia
mrcautious
Posts: 7,730
Price: 16.00
No Opinion
RE: Under-subscribed retail offer
14 Dec '21
Any trust in this BOD is now gone for me, why would most people be looking for an RNS on a quiet share like this at 17:00 ??? As I said before sharp practice and sailing close to the wind IMO - and yes they do seem to have learnt stuff from the BCN BoD - how to screw private shareholders not respect them !
mrcautious
Posts: 7,730
Price: 16.00
No Opinion
RE: Under-subscribed retail offer
14 Dec '21
Well this has taught me yet again in AIM shares -- TAKE PROFITS !!!!!! I was about to sell half of my shares yesterday and now we have been stiffed !
mrcautious
Posts: 7,730
Price: 17.00
No Opinion
RE: My mistake 25% drop
14 Dec '21
The pump and the dump it seems ,,,,
mrcautious
Posts: 7,730
Price: 19.75
No Opinion
RE: Tesla-Ganfeng-Bacanora
9 Dec '21
I dont think this can be the case, I think the MM's 'play' with 'quiet' shares to try and stimulate trading. I am actually a BCN holder (unfortunately) and I dont think people are jumping across to here..
So a) a couple of months ago you say the bcn holders are going to decorate the bid and push the price down and now b) ppl must be cautious because the bcn holders are adding to recoup losses. Mr. Contradiction rather than cautious. Stop the nonsense.