Member Info for wolfi_at

e-mobility is gaining momentum ...
https://www.motorauthority.com/news/1120231_audi-pb18-electric-supercar-given-green-light-future-e-tron-teased

btw. the required 100M us$ project financing should be peanuts for VW and Co ... or a future investment for a major oil company ...

some more thoughts ...
Existing SHORTS: best to close the position @25P with limit orders and lock gains
New SHORTS: high risk as MC is very low now and any positive news can lead to huge losses (more than 100%)
Existing LONG: either take losses or wait / hope for news regarding project financing
New LONGS: low risk as MC is already very low and news regarding financing is expected in the next 2-3 months (latest)

IMO that has nothing to do with optimism, just logical... why should anyone NOW (with known information) pay more than 25p ??
BUT: this status (together with SP) will change very very fast after news which are different from current expectation (based on vague rumors) ...

I´m afraid as long as we don´t not get any hint from Bacanora about project financing price will fluctuate around the mentioned (dubious) 25p which is way below the real value ... there are many ways to finance the project ... issuance of new shares is the worst one destroying shareholder value of existing shareholders ...

ok, this are 737p full value ... IMO at least 10% of it would be the "fair" value for this advanced project + financing for more then 50% already secured ... -> 74p even without Zinnwald !!

a(ny) comment from BCN Mgmt. about current valuation would be "nice" ...

i´m wondering why there still is no (reported) insider buying ... at this low valuation one or another director should buy shares if they are convinced of their project.

my only explanation is they already know something we don´t ... could be very good (serious project financing negotiations) or very bad especially when they lost control or confidence - in this case the bod should be resign. now they need sharp focus and iron will otherwise they will fail.

retirement sounds logical ...
anyway too many directors ...

not only yours ... it´s a bad nightmare ... they can write a book "how to ruin a company" ...

"That the Directors be authorised to allot up to 500,000,000 Ordinary Shares" ...
So SP will go down to 20p ONLY because of this authorisation ??
... that´s just crazy... think about it, the higher THIS number the lower the SP
... like the formular SP = 100M / authorised shares ?? ...
I´m afraid as long as BOD doesn´t publish an alternative and probable project financing strategy price will remain low ...

AGM starts @11a.m. let´s see how SP will respond ...

MC now @ appr. 38M EUR = 43M USD for ...
13M Cash -> 30M US$ valuation for
SONORA project incl all Studies and approvals, huge 8MT LCE resource
PILOT plant which successfully demonstrates Li Prod. process
ZINNWALD Project, PFS next year

really?

explosive topics of conversation for AGM on Thursday ...

But I like article 12 ... To authorise the Company to make market purchases to buy back shares ... it´s a steal at this sp ...

Yes Sonora is huge ... I´m wondering why there are no takeover or joint venture offers from the "big ones" ??
Next week on Dec. 13th AGM ... hope to get some news then ...

Under the present circumstances Re-Election of the one or another director will be unlikely IMO ...
http://www.bacanoralithium.com/cms/wp-content/uploads/2018/11/Form-of-Proxy-Bacanora-Lithium-Plc-2018-AGM-Final.pdf

"There's money around for the right story," CEO Peter Secker of Bacanora, a lithium company, said.
Source : https://www.marketscreener.com/news/Miners-bear-brunt-of-risk-aversion-as-investors-take-fright--27709086/

Just ask yourself WHEN you make such a comment ...

my opinion / chart analysis ...
https://twitter.com/wolfiat/status/1066046784378716161

my post from Nov.13 ... I expect reversal between 33p - 37p ... but I do not own a crystall ball -)
here we are ... now watching for a reversal candlestick formation -)

my quote from yesterday : I expect reversal between 33p - 37p ... but I do not own a crystall ball -)
my chart is still valid, as long as the red downtrend line is not broken my corrective price target of 33p-37p is still valid

my current chart analysis ...
https://twitter.com/wolfiat/status/1062393959731879944