Lithium has been all the rage amongst AIM investors over the past few years, but the reality is that many of the projects which people have been getting excited about will fail to ever actually produce anything.

Bacanora Minerals (BCN), the AIM and TSX-listed lithium explorer with assets in the Sonora province of Mexico, has stood out from its peers in the junior exploration space in recent years.  While share prices have collapsed all around it, this lithium play has maintained a market cap of £70 million despite having yet to release a PFS.   Part of this is because lithium was the hot commodity of 2015, but also because (as Peter Secker alluded to when this exact question was put to him at Gold and Bears) Bacanora has a "supportive shareholder".

If you want me to analyse a stock for you just drop me a line at sqmir@hotmail.com - Today I look at shares in Bacanora Minerals (BCN), Polo Resources (POL) and J Sainsbury (SBRY) setting share price targets for all three stocks.

John Meyer of SP Angel this morning comments on Asiamet Resources (ARS), Aureus Mining (AUE), Bacanora Minerals (BCN), Caledonia Mining (CMCL), Central Asia Minerals (CAML), FinnAust (FAM) and Serabi Gold (SRB) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond

And now another main stage presentation from Gold & Bears with the Van Goddess, Amanda Van Dyke leading a resources panel including Chris Bailey, Willem Middlekoop,Chris Berry and the CEOs of Bacanora Minerals (BCN), Jubilee Platinum (JLP) and Asiamet (ARS). There is also a main stage stoming by myself, Tom Winnifrith, as I put the Dutch chappy in his place.

Jabba The Hutt may be on the board of Bacanora (BCN) but I was quite polite about the company in my Questions for David Lenigas session HERE. And here is Bacanora putting a decent investment case for itself. Enjoy

John Meyer of SP Angel this morning comments on Anglo American (AAL), Amur Minerals (AMC), Bacanora Minerals (BCN), FinnAust Mining (FAM), Petra Diamonds (PDL), Savannah Resources (SAV) and Solgold (SOLG) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond

Featuring shares in Bacanora Minerals (BCN), Fastnet Equity (FAST, Independent Oil & Gas (IOG), Ironveld (IRON), Savannah Petroleum (SAVP, Solo Oil (SOLO) with share price targets for all six stocks.

Another hat tip to reader Rudyard. Jabba The Hutt, aka, David Lenigas is a share promoter, and a good one – so far at least - , but the result is that shareholders in things like Rare Earth Minerals (REM) can end up over-paying. There is no doubt that the Sonora lithium deposit is very large, and in the fullness of time could generate substantial value.   But that misses the point, which is that Rare is an investment company and one should therefore look at the share price in terms of the current market value of the individual components.  This is important when you can get access to the same assets via investing directly, in other listed companies. 

With a hat tip to reader Rudyard, I now lay out the bear case for Rare Earth Minerals (REM), another David “Green  Hair Services” Lenigas AIM Casino counter that is monumentally overvalued. The fat aussie share ramper Jabba The Hutt insists he has no need to issue shares. The maths suggests he has to. The shares should fall by 75%. 

John Meyer of SP Angel this morning comments on Bacanora Minerals (BCN), Dalradian Resources (DALR), Minera IRL (MIRL), Paragon Diamonds (PRG) and Polymetal International (POLY) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond. 

It seems to be open season on David "Green Hair Services" Lenigas (pictured left). Today top broker Andrew Monk of VSA Resources who is a mega bull of lithium has taken Rare Earth Minerals (REM) and Bacanora Minerals (BCN) off his buy list just because of the Lenigas factor. And he has also stuck the knife into jabba the hutt, notably on UK Oil & Gas (UKOG). Mr Monk writes:

If you want me to analyse a stock for you just drop me a line at sqmir@hotmail.com - Today I look at shares in Bacanora Minerals (BCN), Iofina (IOF) and Plexus (POS), setting share price targets for all three stocks.

Amid the general commodity gloom, entrepreneurial Mexico-focused lithium hopeful Bacanora Minerals (BCN) is making distinctly optimistic noises after reporting a C$2.7 million (£1.3 million) loss for the year to June. Chief executive officer Peter Secker says the company, which floated on AIM last year with a £4.75 million placing at 33p, half its then price on the Toronto Venture Exchange, and now trades at 86p, faces ‘highly favourable demand dynamics, as a result of the vital role lithium plays in growth industries, such as mobile communications, electric vehicles and energy storage.’

If you want me to analyse a stock for you just drop me a line at sqmir@hotmail.com - Today I look at shares of Bacanora Minerals (BCN), Minoan (MIN) & Shanta Gold (SHG) and offer some share price targets.

If you want me to analyse a stock for you just drop me a line at sqmir@hotmail.com - Today I look at shares of Bacanora Minerals (BCN), Central Rand Gold (CRND), Premier African Minerals (PREM) and offer some share price targets.

Featuring shares of African Potash (AFPO), Bacanora Minerals (BCN), CEB Resources (CEB), Cap-XX (CPX), Metal Tiger (MTR), Tern (TERN), together with some share price targets. 

Featuring Bacanora Minerals the shares of (BCN), CEB Resources (CEB), Karelian Diamonds (KDR), MX Oil (MXO), Rare Earth Minerals (REM), SolGold (SOLG), together with some share price targets.

Tesla Motors, US maker of electric vehicles, has agreed to buy lithium hydroxide for its batteries from AIM-quoted Bacanora Minerals' (BCN) Sonora lithium project in northern Mexico. Financial and other details of this agreement, which is for an initial five years and renewable after that, remain for some reason shrouded in confidentiality, but Colin Orr-Ewing, Bacanora’s chairman, calls it ‘a vital and monumental step forward in commercialising the large lithium resources which the company holds.’

If you want me to analyse a stock for you just drop me a line at sqmir@hotmail.com - Today I look at the shares of Armstrong Ventures (AVP),  Bacanora Minerals (BCN), Imaginatik (IMTK) and offer some share price targets.

Featuring Bacanora Minerals (BCN), Greatland Gold (GGP), Landsdowne Oil & Gas (LOGP), Sirius Minerals (SXX), Teathers Financial (TEA), Tern (TERN)

Other commodities may be plunging and testing six-year lows. But lithium, in demand for storage batteries, mobile devices, electric vehicles and ‘smart electricity grids, is proving a notable exception so far, with prices paid by key Chinese users this year ranging from $5,000 (£3,205) to $6,500 a tonne, up from $3,000 at the turn of the century. That is why entrepreneurial Bacanora Minerals (BCN), backed by controversial David ‘Gatwick Gusher’ Lenigas’s Rare Earth Minerals (REM), is setting up a starter operation at its Sonora project in North East Mexico.

John Meyer of SP Angel this morning comments on Bacanora Minerals (BCN), Beowulf Mining (BEM), Capital Drilling (CAPD), Metminco (MNC) and Premier African Minerals (PREM) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond. 

John Meyer of SP Angel this morning comments on Amur Minerals (AMC), Bacanora Minerals (BCN), Central Asia Metals (CAML), Rio Tinto (RIO), SolGold (SOLG), Savannah Resources (SAV) and Xtract Resources (XTR) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond. 

Featuring Bacanora Minerals (BCN), Metal Tiger (MTR), North River Resources (NRRP), Rare Earth Minerals (REM), Red Emperor (RMP), Range Resources (RRL)

John Meyer of SP Angel this morning comments on Aureus Mining, Bacanora Minerals, Beowulf Mining, Savannah Resources and Sierra Rutile as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond. 

Featuring Bacanora Minerals (BCN), Forbidden Technologies (FBT), Sula Iron & Gold (SULA), Totally (TLY), Union Jack Oil (UJO), Vast Resources (VAST)

A bullish resource update from Bacanora Minerals (BCN) for its Sonora lithium project in Mexico has comforted fans who have fuelled the shares’ AIM rally from below 40p in late November to 88p now. Chaired by veteran sector player Colin Orr-Ewing and backed by equally entrepreneurial fellow AIM counter Rare Earth Minerals (REM) and its colourful Australian boss David ‘Gatwick Gusher’ Lenigas, the company says ubiquitous consultant SRK carried out the report on Sonora, identifying an indicated resource estimate of 1.2 million tonnes of lithium carbonate equivalent (LCE) with an average 2,200 parts of LCE per million parts of rock plus a more tentative inferred resource estimate of 6.3 million tonnes with 2,300 parts per million.

I find myself feeling more like a bear or worse Victor Meldrew by the minute, Today I read the RNS feed only to find what can only be described as an odd release. Rare Earth Minerals (REM) announced: 

Bacanora Minerals (BCN) listed on AIM in July amongst a lot of hype, but since then its share price has been on a one-way downwards journey. 

Entrepreneurial AIM and Toronto counter Bacanora Minerals (BCN) has commissioned Canadian multi-national engineering consultancy Hatch to advise on its two key ventures in northern Mexico, the $140 million (£89 million) Sonora lithium project and the Magdalena borate project. Chairman Colin Orr-Ewing, who hopes if possible to have a feasibility study on at least one these projects out before the end of the year, stresses the significance of having Hatch, whose $35 billion of contracts include Aussie-listed Galaxy Resources’ lithium plant in China’s Jiangsu Province, to help achieve its goals.

Early birds and arbitrageurs got the worm when Bacanora Minerals (BCN) floated on AIM on Friday 25 July, with a £4.75 million fund raising at 33p. This is little more than half its price on the Toronto Venture Exchange, where it has traded for three years, and it surged immediately to 82p, to give a stock market value of some £65 million. The company, steered by veteran entrepreneur and chairman Colin Orr-Ewing, is out to commercialise two projects in Mexico, to produce two versatile products, borate with applications ranging from fibreglass to skin cream, and  lithium, for electric vehicle batteries, and insists the float price was agreed in May before excitement about the London issue sent the shares soaring in Canada.