Read on Twitter
1/5
Over at #BCN the text book churn in and around the 45p placement price goes on.
At some point it will pop, though it may take the Ganfeng approval update to do it (expected in coming weeks).
Whatever the case, in my opinion, as things stand, its purely about time...
Over at #BCN the text book churn in and around the 45p placement price goes on.
At some point it will pop, though it may take the Ganfeng approval update to do it (expected in coming weeks).
Whatever the case, in my opinion, as things stand, its purely about time...
2/
and removing that overhang.
China Spring festival has paused the lithium carbonate market in China, with activity likely to pick up again in late Feb.
Prices are already over $10,000 a ton in China, which is not all that far away from the Sonora $11,000 DFS pricing.
and removing that overhang.
China Spring festival has paused the lithium carbonate market in China, with activity likely to pick up again in late Feb.
Prices are already over $10,000 a ton in China, which is not all that far away from the Sonora $11,000 DFS pricing.
3/
Once this final Ganfeng approval is confirmed, then there's no reason why construction shouldn't gear up and with that in play, lithium prices should begin to have more affect on the BCN valuation, moving forward.
That's not to say that prices are going to rise in a...
Once this final Ganfeng approval is confirmed, then there's no reason why construction shouldn't gear up and with that in play, lithium prices should begin to have more affect on the BCN valuation, moving forward.
That's not to say that prices are going to rise in a...
4/
straight line but for me, this recent move is a sign of what is coming.
A consistent move beyond that $11,000 fig, whenever it comes, should give the BCN valuation even more support, as construction begins to unfold.
For me there's already enough energy in lithium price...
straight line but for me, this recent move is a sign of what is coming.
A consistent move beyond that $11,000 fig, whenever it comes, should give the BCN valuation even more support, as construction begins to unfold.
For me there's already enough energy in lithium price...
5/
rises, to mean that this 46p level simply isn't high enough.
So as I said the other day, a decent re-rate should be on the cards, which enables a de-risking exercise, ahead of the longer push to production and consistent revenues and eventual dividends.
rises, to mean that this 46p level simply isn't high enough.
So as I said the other day, a decent re-rate should be on the cards, which enables a de-risking exercise, ahead of the longer push to production and consistent revenues and eventual dividends.
6/7
Well that didn't take long now did it.
An added $31m buffer for the construction of Sonora and a firm endorsement of the #BCN valuation at these levels, from the partner that should know the most.
I tend to think this in part acts as a safety net for Ganfeng...
Well that didn't take long now did it.
An added $31m buffer for the construction of Sonora and a firm endorsement of the #BCN valuation at these levels, from the partner that should know the most.
I tend to think this in part acts as a safety net for Ganfeng...
7/7
because it gives them a lot of additional clout over BCNs 50% ownership in the JV but such monies aren't thrown around very easily by Chinese partners, so they clearly see more value to be had.
With "start of site work preparation" to come, its an easy hold from here.
because it gives them a lot of additional clout over BCNs 50% ownership in the JV but such monies aren't thrown around very easily by Chinese partners, so they clearly see more value to be had.
With "start of site work preparation" to come, its an easy hold from here.
