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BCLMF - Bacanora: Further Potenial Upside But Not Driven By Fundamentals
Bacanora Lithium Plc
Lithium mining company Bacanora has seen its shares surge amidst the lithium mania.
It is heavily exposed to a promising mine but it needs more funding to reach production, and the ownership structure involves Bacanora's biggest shareholder.
With its smallish market cap and high demand, I expect the shares could continue to surge.
However, I see this as speculation. This isn't an investment based on its fundamentals and I am avoiding.