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IMO companies usually starts production for products with highest demand ... so that´s really good news.
"Following the Corona-related break, Volkswagen in Zwickau is slowly ramping up production of the fully electric ID.301 this week. With the restart on Thursday, Zwickau will be the company’s first vehicle plant in Germany to be gradually brought back into operation."
Source: https://www.volkswagen-newsroom.com/en/stories/the-shift-to-electric-mobility-continues-5977
Source (german):
https://www.deutschlandfunk.de/lithium-im-erzgebirge-goldgraeberstimmung-in-sachsen.724.de.html?dram:article_id=473571
Bid Price in GBP: 19.5p - 20p = 22.02ct - 24.29ct
Actual price in Germany (tradegate): 19.4ct - 21.4ct !!! thats 13% below London pricing !!
stock market and valuation is really crazy
current MC = 51,9M USD, Cash = 48,9M USD, that values Bacanora AND Zinnwald with 3M us$ ... simply unbelievable for this resource and advanced and DE-RISKED (!!) project status ...
it would be nice to announce a shareholder call to explain the current situation OR / AND to start buying share buyback program ...
IMO this is very good news !!
-> save cash !!!!
-> keep their 50% !!! you should keep in mind that solarworld is under administrattion so they will try to find another potential investor ... which opens the door for Ganfeng investment !!
-> focus on their "main" project SONORA !!
i know ... the only way is up ... perfect from technical chart analysis too ... next RNS will be the trigger
Only Bacanora Minerals has a concession to exploit the Sonoran lithium
The Bacanora Minerals company is the only one that has a concession for the extraction of minerals throughout the country, which it does in the lithium deposit located in the Municipality of Bacadéhuachi in the State of Sonora.
Jorge Vidal Ahumada, secretary of Economy in the entity, said that this company of Canadian origin and with participation of Chinese capital, is the only one that can extract lithium in these deposits.
He pointed to the questions that the Government of the Republic is the one who must authorize the concessions to be able to exploit this industry, that said company is the only one that can do it because it has the concession of the Federation itself.
"The company of Bacanora Minerals, which is the one with lithium in Sonora, is a concession that has already been given to them; they have all the permits to exploit that concession, they are the only ones, as far as I know, in the country that has a concession, "he said.
This after that on January 22, the President of the Republic, Andrés Manuel López Obrador, said in a morning conference that there were no concessions for the exploitation of lithium and that he did not know if a Chinese company was doing it, which I would have to verify.
"Even here in Sonora it has been said that there is lithium on the side of Bacadéhuachi and also on the side of Magdalena, if I remember correctly, but there are no concessions, the only concession that exists for this product is the one in Bacanora Minerals" , emphasized Vidal Smoked.
He pointed out that this is a topic that is not new, since they have been working on the project for four years and they hope to enter a new rhythm once the investments with the capital support of the Chinese Ganfeng company to Bacanora Minerals are increased.
source: https://www.elsoldehermosillo.com.mx/local/solo-bacanora-minerals-tiene-concesion-para-explotar-el-litio-sonorense-4831552.html
translated by Google -)
TESLAs alltime High ignites the next Li Boom Cycle ... yesterdays / todays gains so far :
SQM +8.8%
ALB: +11.9%
LAC: +7.7%
ORE.AX + 21.9%
PLS.AX: +13.9%
GXY.AX: +18.8%
AVZ.AX: +11.3%
Mexico needs Bacanoras and Ganfengs Knowledge AND money to get the Li out of the earth .. without them the project is worth nearly zero !!
uups ... wtf ... ahh ... there´s a wrong link under
https://www.finanznachrichten.de/nachrichten-aktien/ganfeng-lithium-co-ltd.htm
... sorry
"... the Group is expected to record an increase in its net profit attributable to the Shareholders of approximately 940% as compared to the same period of 2018..."
Source: http://iis.aastocks.com/20200117/9131776-0.PDF
... they should have some pocket money left for Bacanora -)
maybe someone can call @ London Stock Exchange and ask for the reason of this behavior ?
All these tiny "Mickey-Mouse-trades" are marked as "ACTX Agency Cross Trades" ... but what´s the purpose behind ? too hold SP @ a certain level ? IMO something is brewing behind the curtain...
a nice uptrend has started ... I´m sure Li spot price will follow soon ... nearly all Li stocks already shows strong gains in the last days / weeks ...
source: https://de.tradingeconomics.com/commodity/lithium
IMO it´s time to RUN ... you may not see again such low prices / valuation / opportunities for a long time ...
All the Australian Li Junior producer stocks (ORE, GXY, PLS, AJM...) again have strong gains today ... it seems a (THE) new uptrend finally has started ...
one more interesting story ...
Sony surprises with an electric concept car called the Vision-S
Sony just made what might be one of the biggest surprise announcements at this year’s CES: a car. Called the Sony Vision-S, it’s an electric concept sedan that is meant to showcase the Japanese tech conglomerate’s many different strengths, from entertainment products to camera sensors and more.
In fact, the Vision-S features 33 different sensors inside and outside of the car, multiple widescreen displays, 360 audio, and always-on connectivity, with some pieces coming from industry players like BlackBerry and Bosch. It’s also powered by a “newly-designed EV platform” — which appears to have been engineered by automotive supplier Magna — that Sony says will be able to power other vehicle types, like SUVs.
source:
https://www.theverge.com/2020/1/6/21054270/sony-vision-s-electric-concept-car-ev-announcement-ces-2020
I expect more of such rulings in the next months which will limit further expansion or even reduce existing Li production / output and should / will have soon an impact on Li Prices too ... one more big advantage of Bacanora project ...
article:
Chilean Lithium Miner SQM Dealt Blow by Environmental Court Ruling
SANTIAGO (Reuters) - A Chilean environmental court has upheld a complaint by indigenous communities in the country´s northern Atacama Desert about the use of water by SQM, the world´s No. 2 producer of lithium.
The decision by the First Environmental Court in the nearby city of Antofagasta calls into jeopardy SQM´s $400 million plan to expand its lithium carbonate production plant to feed appetite for the ultralight battery metal.
Water has become a key sticking point for the expansion plans of both SQM (SQMA.SN) and top competitor Albemarle (ALB.N), both of which operate in the salt flats of the Atacama, the world’s driest desert, which supply more than one-third of the global supply of lithium, a key ingredient in the batteries that power electric vehicles.
Soaring lithium demand has raised questions about whether Chile´s arid northern desert can support current and future levels of lithium production along with the needs of sprawling nearby copper mines, a booming tourism industry and indigenous communities.
The court ruled that a compliance plan presented by SQM in response to a multi-year investigation by Chile´s SMA environmental regulator that found the miner had overdrawn lithium-rich brine was “insufficient.”
The plan included a new online system to monitor extraction rates of brine, which holds lithium in suspension, and the shutting down of one of its freshwater wells.
The court said its decision was based on a “precautionary principle,” taking into account the “particular fragility” of the Atacama´s ecosystem and the “high level of scientific uncertainty” about the behavior of its water table. It said SQM had no way of proving that the measures it had proposed were capable of “containing and reducing or eliminating the negative effects generated by the breaches of the company.”
“We must protect sensitive ecosystems even more when they constitute the ancestral habitat of our native peoples whom the State of Chile is obliged to protect,” court president Mauricio Oviedo said in a statement.
The complaint was brought by indigenous people living in surrounding communities of Peine and Camar, and the Indigenous Advisory Council of Atacameno People.
The SMA must now resume its sanctioning of SQM for the original infractions, the court said, which could involve fines of over $3 million, the closure of its operations or revocation of its environmental permits.
Neither SQM nor the SMA could immediately be reached for comment.
source:
https://www.reuters.com/article/us-chile-sqm/chilean-lithium-miner-sqm-dealt-blow-by-environmental-court-ruling-idUSKBN1YV05T
Translation by Google .... should be the first line -))
Germany to have lithium mines and refinery
-----------------------------------------------------------
The Dutch group Advanced Metallurgical Group (AMG) plans to build a lithium hydroxide refinery in Zeitz in Saxony-Anhalt. The objective is to produce lithium there, the quality and purity of which comply with the criteria imposed by the manufacturers of batteries for electric vehicles. According to the company, it would be the first factory in Germany to be able to meet this demand. The raw material - so-called “technical” lithium hydroxide - will be imported from Brazil where AMG operates a mine.
The announcement, however, strongly interested the German company Deutsche-Lithium, which is preparing to open two lithium mines in the Ore Mountains (Erzgebirge), a mountain range seated on the border between Germany and the Czech Republic. The company plans to extract more than 850,000 tonnes of minerals annually there.
Translation by Google .... -)
If all these projects materialize, our German neighbors may soon have within their borders the main links in the production chain of batteries for electric vehicles. German chemical companies, such as BASF, are already the leaders in the manufacture of electrodes. CATL, one of the global cell giants, inaugurated the construction of its European gigafactory in Erfurt in Thuringia; Northvolt and VW establish their own in Salzgitter in Lower Saxony . Tesla chose the region Berlin location for its European factory where batteries will also likely assem bLées. With Akasol, Webasto, Varta and Voltabox, the Germans are also very strong in the assembly of batteries. As for their recycling, the Duesenfeld company operates an innovative and “green” process near Brunswick, also in Lower Saxony.
source: https://www.automobile-propre.com/batteries-et-vehicules-electriques-lessentiel-de-lactu-decembre-2019/
IMO Ganfeng is already thinking about to take the remaining 50% of the Zinnwald project ... having contracts with nearby located VW and BMW ... would be the best option for all ...