Member Info for Versuvius2019

https://www.fool.co.uk/investing/2021/07/16/1-mining-stock-to-buy-now/

Well the Motley Fool very rarely advises readers to ‘buy this stock,’ but they have for Bacanora Lithium.

SP looking like the trace of an electrocardiogram at the mo, ??

Or Versarien.

That’s it, I’m all out.

Ideas:

-Greatland Gold if SP below 5p, pre feasibility study.
-IQE when irrational depreciation in SP settles.
-Ditto for Jaguar Gold.
-Western Uranium and Vanadium when SP dips.

About the price of a chronically overvalued football player.

I see that you have used the **current** valuation for battery grade Lithium carbonate, at 99.5%, Li2CO3. This is the current price amidst a global pandemic and recession, and as we approach an inflexion point for the electric car industry.

You cannot seriously believe, Border Bob, that the Lithium Carbonate spot price will remain at $15,000 per tonne in perpetuity? And by the way, tonne is spelt tonne, and you misquoted your current spot price for Lithium Carbonate in ponds Sterling erroneously. The spot price is quoted in dollars or yuan. You also say there will be ‘no production costs.’ There will be production costs, but these will be far cheaper than the hard rock mining for lithium in Australia, so from this perspective clay mining for lithium is massively advantageous. Your post had one intention, which was to derail the stock price. Luckily, it wasn’t very good.

https://www.fastmarkets.com/commodities/industrial-minerals/lithium-price-spotlight

So, as per previous posts, on the same day Ganfeng has notified us of its intentions to buy, Sir Iain Duncan Smith no less, openly criticises the idea; and the UK government has been encouraged by a ‘Think Tank,’ that new legislation: ‘The National Security and Investment Act,' should be used to prevent the sale going ahead.

What they fail to recognise is that this lithium mine is situated in Mexico, and only listed in London via its part owner, Bacanora. The Mexican government has already made moves to nationalise its lithium resources, but has spared existing arrangements like the Sonora project. If Ganfeng is prevented from carrying out the takeover, who will step in? Is there an equivalent British company that can develop this Mexican based lithium mine? No. Would the Mexican government listen to a British company with no expertise in lithium mining? No. This mine is either wholly owned and run by Ganfeng, or the Mexican government.

Any MI6 agents, GCHQ spies, civil servants or MP’s / government officials reading this know that the era of empire is over. We have no say over what happens in Mexico. The sale of the company to Ganges will ensue the drug cartels get nowhere near it.

By the way, BoJo is the greatest loser. I voted SNP.

Entire share portfolio is now Bacanora Lithium. There are few certainties in life, but we can all be certain that the agreed share price will be more than 67.5p, when institutional investors are in agreement and Bacanora is finally sold.

I’m reminded do clearly of 2019, when I held a healthy portion of shares in Greatland Gold. There was a joint venture agreement with Newmont, which secured the long term future of the company through to production. The share price promptly fell, and I sold up at approximately 0.9pence per share. Today the share price rests at 19.5pence per share, after falling from a high of 40pence.

I do my best.

Investing is an emotional sport. The cold light of day can be coloured in any fashion, depending on one’s own mood. Yet the fact of the opportunity remains detached and constant; as does the day.

A good start!

I sold my Greatland gold shares when they were worth0.9 pence. Today they are worth 23pence. I sold out at the time due to price flux and share dilution although I knew the company had huge potential.If investors are worried about share price variations of Bacanora, they have a day trading perspective. If you are investing for the long term, then be prepared to withstand a short term loss, and believe in the companies future potential. A gust of wind could send this SP skyrocketing.

It’s all gone blue with a 50,000 share buy at 08:16.

https://www.fool.co.uk/investing/2021/02/05/uk-lithium-stocks-one-id-investigate/

https://www.fool.co.uk/investing/2021/02/05/uk-lithium-stocks-one-id-investigate/

Sonora represents a vast ocean. Remember, the worlds premier lithium miner; Albermarle, extracts lithium from hard rock mining in Australia; today’s share price: $158.45. This joint venture between Ganfeng and Bacanora can significantly reduce the cost of production; and Sonora can become a worldwide lithium resource.

Therefore, BCN shares should increase exponentially through to production and beyond.

The reason why Ganfeng will not stage an aggressive takeover of BCN. It’s useful for Sonora to be a multi-national enterprise, and not appear to be a Chinese takeover of Mexican natural resources.

Conditional on approvals from the Chinese Communist Party of course.