Member Info for wolfi_at

once again differences in quotation between London and Germany (Tradegate)
London: 41.00p - 42.50p = 45.82ct - 47.5ct (gbp / eur = 1.12)
Germany (Tradegate): 44.90ct - 45.90ct which equals a discount of 2-3%
a little bit of more transparency would be very nice ...

.. is online ...
https://www.bacanoralithium.com/cms/wp-content/uploads/2019/09/BCN-Presentation-September-2019-002.pdf

market is still anxious about remaining funding for Sonora, IMO once Ganfeng is on board this will be also much easier for them. I expect many RNS in the next weeks and months ...
But I hope they can get rid of Zinnwald as soon as possible and focus all their energy and time on Sonora.
PS: I never understood their move into Zinnwald project when having a 1st class property like Sonora... Zinnwald has a completely different geology and the end-product is different too .. nevertheless the Zinnwald business case is very positive with a healthy margin and I feel confident they can make a successful IPO ...

currently more and more pure spodume junior producers are facing dremendous price pressure (e.g. AJM.AX) and will soon get into financial troubles when debt can´t be re-paid. Some of them will get closed or get bankrupt.
pls. also read the post from ALESSIO from 22.08.19 22:14 -> https://forum.finanzen.net/forum/Lieber_Charles_1981-t545178?search=ganfeng%20lithium&pnr=26309582#pst_26309582

IMO new projects with DIRECT LiCarb or Li Hydr conversion AND lowest production costs will have the greatest advantage and highest possible positive cash flow and survive the current (natural and healthy !) Li Market correction and be in an even better situation when the next Li - Boom starts ... IMO Sonora can / will be one of these projects !

https://www.mining.com/junior-financing-evaporates-as-cobalt-lithium-prices-slump/
Bonus - Link: Free Global Battery Minerals Mining Map
https://store.miningintelligence.com/posters/global-battery-minerals-map/

last sentence ... "adding that it would also encourage credit support for purchases of new energy vehicles and smart home appliances."
https://www.euronews.com/2019/08/27/china-considers-relaxing-auto-purchase-curbs-to-boost-consumption

Ganfeng has to secure their Li Supply ... -)) and Production from Brine projects takes a lot of time and depends on many unpredictable factors ... shortest Li production time and low cost production are great beenfits from Sonora Project -)
https://news.metal.com/newscontent/100966031/tesla’s-shanghai-plant-likely-to-require-25900-mt-of-lithium-hydroxide-a-year/

I expect steady rising prices into resistance range (50p - 56p = last swing-highs) till End of next week and a gap above this after final approval and finalizing of Sonora funding (-> required "turbo Boost" to move above resistance)... then 70p - 75p (-> next major resistance & 1st price target of large SHS pattern) ...

I´m wondering if Bacanora investment is part of the meeting .. would fint into the time frame, I don´t think that they will have a separate meeting to decide / approve Investment in Sonora / BCN.
"The board of directors (the “Board”) of GANFENG LITHIUM CO., LTD. (the “Company”) hereby announces that a meeting of the Board will be held on Wednesday, 28 August 2019 for the purpose of, AMONG OTHER MATTERS considering and approving the interim results of the Company and its subsidiaries for the six months ended 30 June 2019 and its publication."
source:
http://www.ganfenglithium.com/Public/userfiles/files/176Announcements%20and%20Notices%20-%20[Date%20of%20Board%20Meeting].pdf

had some shares of them years ago ... ILC is a "dead cat" ... but they are very good in marketing -)
you can buy Ganfeng shares or Li ETF if you want diversification ... or NLC.V (my favorite) or AAL.V ...

IMO they will try / find ways to finalize project funding ... similar to 100M unsecured, limited recourse, subordinated loan facility for LAC... https://www.lithiumamericas.com/news/lithium-americas-announces-strategic-transaction-with-ganfeng-lithium-to-jointly-advance-cauchar-olaroz

the great switch to EV will start after one by one country bans internal combustion engines because of climatic change or raise the taxes for these ... it´s just a matter of time and I hope - for my kids and their kids future - that this will happen very soon ...
https://qz.com/1341155/nine-countries-say-they-will-ban-internal-combustion-engines-none-have-a-law-to-do-so/

Here we are ... todays RNS seems to be the trigger to "resolve" the large SHS formation -)
https://pbs.twimg.com/media/ECAiD_XW4AEvMYm?format=png&name=large
If I am right - and the the odds are in our favour - we will get a breakaway gap today and never will see such a low SP again !!

Each RNS creates liquidity which often is used to sell holdings (if there are sellers in the market) ...
But if most of the sellers have already gone (-> little selling pressure) and RNS / outlook is positive and company is undervalued it´s time to buy !! TODAY !!

Great News ... the 3rd approval from SAFE should be a mere formality ...

this shows that there´s a lot of project funding activity going on behind the curtain ... BCN will have to wait for all final approvals from China before they can publish their finance package which IMO is already decided ...

I am wondering if they don´t try to get a new agreement with State General Reserve Fund of Oman ("SGRF") - this 65M us$ would be very helpful to fill the gap ... and with new cornerstone investor Ganfeng it would be a containable risk for them ...

worth reading ....
https://www.dw.com/en/germany-hopes-to-mine-lithium-the-white-gold-of-e-mobility/a-50073822

ok, once again the data with actual MC:
Post tax NPV of Sonora $800m x 77.5% (current BCN ownership) = $620m
Post tax NPV of Zinnwald €270m x 50% (current ownership) = €130m = $144,18m
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+ Cash and cash equivalents (Feb.19)=$20,47m
+£14.4m for 30% of BCN = $17,5m
+£7,56m for 22.5% Sonora=$9,16m
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SUMMARY:
Total post tax NPV to BCN shareholders = $766,8m
Mkt cap (+30% Ganfeng shares already taken into account) = $68,9m
Cash and cash equivalents = $47,13m (- costs for 2019)
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the more E-Mails the better ... -)

I just sent an E-Mail to Bacanora and asked for clarification and reassurance for the ongoing funding / financing and I encourage all other Shareholders to do the same !