Member Info for wolfi_at

I expect reversal between 33p - 37p ... but I do not own a crystall ball -)

if you work with Limit orders it´s a guessing game
you can / should watch for reversal formations or candle stick formations in hourly or daily chart or work with buy stop order above last high etc ... then you have defined SL too (= last swing low)

let´s see how far this (expected) CORRECTION goes and where a new higher low forms - IMO a new TREND has already started with the break of the last high !!

btw I expect that the next upmove will be very strong (typically an impulsive "wave 3" in terms of Elliott Wave) maybe caused by major positive news

for sure ... IMO it´s just a "technical reaction" ... nothing fundamental has changed ... huge resource, great project, very price competitive Li production costs (even lower than Orocobres latest production costs from brine !!), open pit mining, a lot of collected process experience with pilot plant, trained personal, all permissions received ... all we need is PATIENCE till we get adequate valuation & MC ...

price always goes up AND down ... I expect Rebound @42p ... lets see if this Support holds ... would be a perfect entry point ... a PIN BAR candle @42 would be perfect ...

my thoughts ...
https://twitter.com/wolfiat/status/1059491866108936198

price should go straight up to ~75 w/o problem = last strong support line ...

ORE.AX yesterday +10%, today +13%, Same with GXY.AX, today +13% too....
It seems the whole Lithium Sector awakes from a very deep slumber and we are at the very beginning of a new major trend ... no way back, no chance for dip buying, just up and away ...

psst ... have a look at the last trades ...
http://www.lse.co.uk/ShareTrades.asp?shareprice=BCN&share=bacanora_lithi
-> more and more buys at ask price
-> just watch the color blue / red
-> love this kind of price behavior ... shorts are covering or just "buying" no more sellers as opening of new short positions would be much too dangerous ?

IMO shorts are aware too that news about Sonora financing will be published soon ...
now trying to push prices in order to get out of their positions before it maybe too late - they have to go out before the event - unless they know something others don´t know or just getting greedy

Just open your eyes and check the actual situation ... full of triggers for the REAL Li boom which has definitely has not startet yet ...

1.) UN warnings to limit climate change catastrophe
https://www.theguardian.com/environment/2018/oct/08/global-warming-must-not-exceed-15c-warns-landmark-un-report

2.) EU ministers agree 35% car emissions reduction by 2030
https://www.ft.com/content/2075038a-cc58-11e8-b276-b9069bde0956

3.) e-mobility can´t be ignored or stopped .. .NORWAY is just the beginning
http://bellona.org/news/transport/electric-vehicles/2018-09-northern-norway-finally-catching-up-with-e-car-charging-mania ... others will follow soon

EMH much further in development ? better resource ? REALLY ?
from their last announcement ..."Initial testwork was focused on replicating results obtained in laboratory scale testwork...." ... BCN runs Sonora pilot plant for over 2 years with continously improving their process and selling samples that´s a huge difference to "laboratory scale testwork" ... ready for plant construction, all permission etc ....

Have a look at the hourly chart of the last 3 days ...
looks like a nice rounded bottom 😅
https://twitter.com/wolfiat/status/1048234810597101569
the next days will show if the 30p support will be strong enough ...

enough for BCN takeover and Sonora project financing ...

IMO once the mood has switched (and with an update next week?) coupled with short covering price will rise very very fast ...

more and more buy orders with larger volume ... i just started buying too ... 20k shares in Germany ... let´s see

downside risk ... further 25% ?
upside potential ... 300% - 500% !
this risk / return ratio is not so bad ..

IMO we will not see much lower prices ... further downside risk should be very low ... upside potential is huge ...

if I were responsible ... ?
A.) talk with Mexican ministry of economy government and try to get an agreement that they will take debt liability ... it should be in their own interest to push this 1st class project ... create new jobs and enable additional taxes ... with this bankable security it should be possible to get required financing for the missing 100M
e.hg. http://www.mining.com/mexicos-government-to-fund-rare-earth-exploration-95877/
B.) talk with TESLA about joint venture
C.) at least inform shareholders about status
D.) IF I had 150M cash, I would in the first step buy as much shares as possible (50M) and in the 2nd step finance the project (100M) ... share price will (easily) triple ... and financing costs will be paid !! - Maybe this already happens !!