Bacanora Minerals (#BCN) - Raises £8.8million at 77p
- 2015-11-16 00:26:58
UK 06:58 Sunday, 25 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
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 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.’
John Meyer of SP Angel this morning comments on Bacanora Minerals (BCN), Beowulf (BEM) & Nord Gold (NORD) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.
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.
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 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)
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.
