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Bacanora Minerals Ord Npv (di)

Current Price 27.18p Bid 27.00p Ask 28.00p Change 0.92%
Last Updated: 16/11/2019 21:13. Prices delayed by at least 15 minutes.
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Company Overview

Bacanora Lithium Ltd (formerly Bacanora Minerals Ltd) is a Canadian and London listed lithium exploration and development company. Bacanora owns ten mining concession areas covering approximately 100 thousand hectares in the northeast of Sonora State in Mexico. Seven of these ten mining concessions (the 'Sonora Lithium Project'1) were included in the Feasibility Study announced 12 December 2017. The Company, through drilling and exploration work to date, has established a Measured plus Indicated Mineral Resource estimate of over 5 Mt (comprising 1.9Mt of Measured Resources and 3.1Mt of Indicated Resources) of LCE2 and an additional Inferred Mineral Resource of 3.7 Mt of LCE. The Company's Feasibility Study has established Proven Mineral Reserves (in accordance with NI 43-101) of 1.67 Mt and Probable Mineral Reserves of 2.85 Mt LCE and confirmed the economics associated with becoming a 35,000 tpa lithium carbonate and 30,000 tpa SOP producer in Mexico. In addition to the Sonora Lithium Project, the Company also has a 50% interest in the Zinnwald Lithium Project and the Falkenhain Licence in southern Saxony, Germany.

Financial Highlights Year Ended 30/06/2019

Turnover
£0.00m
Operating Profit
£-7.99m
Dividend Yield
0.00
Dividend Per Share
0.00
Dividend Cover
0.00
P/E Ratio
-3.41

Key Personnel

Peter Secker
Chief Executive Officer
Janet Hernandez Blas Boyce
Chief Financial Officer
Mark Ainsworth Hohnen
Executive Chairman
Junichi Tomono
Non-Executive Director
James Digby Ronald Strauss
Non-Executive Director
Eileen Carr
Non-Executive Director
Dr Andres Constantin Antonius
Non-Executive Director

Stock Details

EPIC
BCN
ISIN
GB00BD20C246
Shares in Issue
192,065,236
Market cap
£52.34m

Analyst Views (1)

Strong Buy
 
100.00%
Buy
 
0.00%
Hold
 
0.00%
Sell
 
0.00%
Strong Sell
 
0.00%
The above information represents a selection of the views published in the last 120 days by analysts. It is subject to change without notice and doesn't reflect view held by Redmayne Bentley and is not advice.

Price Summary

Mid Price
27.50p
Bid Price
27.00p
Ask Price
28.00p
Volume
261184
Change Today
0.25p
% Change Today
0.92%
Open
26.75p
Previous Close
27.50p
Intraday High
28.00p
Intraday Low
26.75p
52 Week High
53.00p
52 Week Low
12.50p
52 week high and low figures quoted above are calculated from intraday price data.

Intra-Day Chart

Bacanora Minerals  Ord Npv (di) Intra-day Chart

Assets (£m)

Data has been provided by AJ Bell

Reporting Date
30 Jun 2019
30 Jun 2018
Tangible Assets
29.8
26.4
Intangible Assets & Goodwill
0.5
0.5
Investments & Other Non-Current Assets
9.4
9.0
Total Non-Current Assets
39.7
35.9
Inventory
0.0
0.0
Trade & Receivables
2.4
1.5
Cash & Receivables
14.8
13.2
Other Current Assets & Assets Held for Resale
0.2
0.0
Total Assets
57.0
50.6

Liabilities (£m)

Data has been provided by AJ Bell

Reporting Date
30 Jun 2019
30 Jun 2018
Short Term Liabilities
1.7
8.0
Long Term Liabilities
22.9
0.0
Other Liabilities / Pension etc
0.0
0.0
Total Liabilities
24.6
8.0

Net Assets (£m)

Data has been provided by AJ Bell

Reporting Date
30 Jun 2019
30 Jun 2018
Net Assets
32.5
42.6

Equity (£m)

Data has been provided by AJ Bell

Reporting Date
30 Jun 2019
30 Jun 2018
Share Capital
19.0
19.0
Minority Interests
-0.7
-0.7
Retained Earnings
-48.5
-39.0
Share Premium Account
0.2
0.1
Other Equity
62.5
63.3
Total Equity
32.5
42.6

Cashflow (£m)

Data has been provided by AJ Bell

Reporting Date
30 Jun 2019
30 Jun 2018
Cashflow from Operating Activities
-8.9
-6.5
Cashflow Before Financing
-19.3
-18.4
Increase / Decrease in Cash
1.7
-16.8

Income (£m)

Data has been provided by AJ Bell

Reporting Date
30 Jun 2019
30 Jun 2018
Turnover
0.0
0.0
Cost of Sales
0.0
0.0
Gross Profit
0.0
0.0
Operating Profit
-8.0
-10.7
Pre-Tax Profit
-11.1
-12.9
Profit / Loss for the Year
-11.1
-12.8
The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.
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