VSA Morning Miner, 20/05/19Click here for PDF versionKeep reading VSA research for free – Click here for our position on MIFID2 |
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Bacanora Lithium (LON:BCN)
Bacanora Lithium (BCN LN) has announced a proposed strategic investment by Ganfeng Lithium, China’s largest lithium producer and the third largest globally. The transaction includes investment at the project and corporate level for a total value of £21.96m (US$27.8m) at an equivalent price of 25p/sh, in line with the recent share price. This investment by one of the industry majors confirms our view of the attractive economic and technical potential of the project as well as highlighting the ongoing need for the majors to secure additional production capacity given the strong demand backdrop.
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