Apparently tesla have a deal with bacanora. And I reckon NIO will too. Once production is underway its going to rocket up
(In my opinion)
Hello mate, the deal isnāt directly with Bacanora but with Bacanoraās major strategic partner and shareholder called Ganfeng youāll find website link here - http://www.ganfenglithium.com/about_en.html But great exposure.
Iām sure Iāve read Ganfeng also have agreements in place to supply VW and BMW so lots of orders through Bacanora in the future
Ganfeng and Bacanora article link - https://www.mining.com/bacanora-and-ganfeng-ink-sonora-lithium-project-investment/
Waitā¦if ganfeng are getting these deals, where does that leave bacanora though?
Itās great for Bacanora. Means they have a guaranteed buyer for up to 50% of the off take.
Bacanora supply the lithium mate
Having worked for two companies that have listed on AIM ahead of moving into the FTSE 100, Iād say that AIM companies are fine, but just be a bit more careful with them. They are a bit more risky due to the smaller revenue levels, but if they are well run and in a good market, then there are good gains to be made as they grow. Iām happy with AIM companies and Iām currently invested in one. However, I do tend to look at them a bit more closely in terms of the management team, balance sheet, cash flow, growth plans, etc.
Onwards and upwardsā¦
Matt
I am invested in Bacanora as well as Bushveld Minerals, if youāre into EV investment. I am reading recently that lithium production is limited for said purposes. As always DYOR as I always do. Good luck.
Any good articles about Lithium companies?
Well letās just say my Bushveld investment is doing way better than my Bacanora!
Iām holding both of those too! Hopefully they have bright futures ahead.
Yes, for all you men out there who think women have no idea about investment. Let me tell you I paid my mortgage off age 39, moved abroad and lived off interest for 8 years. Returned to the UK and bought my current property for cash and now Iām a newbie in the stocks and shares market. I have no debt and loving life. It can be done, so letās have more women doing the same. Girl power!!
Do you prefer to read or watch a video?
Sven Carlin has pretty much researched the full sector:
This is the opening of the series, thereās individual videos on most of the major players.
Videos are great. Thank you.
More great news
Nice, what have you been investing in all these years if youāve only recently started investing in stocks and shares?
Nothing per se. I owned my property for 5 years and sold at the peak in 2007 gaining a six figure sum profit, after paying off my small mortgage. One instance where ātiming the marketā did prove lucrative .
I have a private plate on my car which I bought for Ā£80 in 2005 and itās recently been valued at Ā£470. I didnāt acknowledge at the time the potential increase in value but itās food for thoughtā¦ I also now am a rare coin collector.
Sorry, I must have missed the beginning of the conversation, but did someone say anything against female investors?