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Bacanora Lithi. Share Chat (BCN)



Share Price: 26.60Bid: 26.50Ask: 27.50Change: -0.15 (-0.56%)Faller - Bacanora Lithi.
Spread: 1.00Spread as %: 3.77%Open: 26.75High: 26.60Low: 26.60Yesterday’s Close: 26.75


Share Discussion for Bacanora Lithi.




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4unme
Posts: 5,289
Opinion:No Opinion
Price:26.75
RE: Funding
16 May '19
May accept takeover offer from Hanwa?
 
Zarro
Posts: 27
Opinion:No Opinion
Price:26.75
RE: Funding
16 May '19
I agree with you. There must be serious doubts. I picked that figure simply because Hanwa invested at those levels last year and will likely have a view/influence on what dilution / price they are willing to see. Also note that the authority to issue shares is up to 500m in total - which only leaves headroom for about 360m more shares. BUT it is a stretch to believe a raise above market price and Citi would have to work very hard to communicate and explain.

Maybe it suggests that there needs to be/will be a link to raising funds from the Zinnwald asset.
suffolkpompey
Posts: 297
Opinion:No Opinion
Price:26.75
RE: Funding
16 May '19
Thanks Zarro, good post. How confident would you be that the new equity is raised at such a premium to the current SP? I understand your calculations are based on the projects NPV but that price of £1 for new shares is still significantly higher than the current, albeit undervalued, SP.
Zarro
Posts: 27
Opinion:No Opinion
Price:26.75
RE: Funding
16 May '19
I posted a personal view at 13.15 last friday
suffolkpompey
Posts: 297
Opinion:No Opinion
Price:26.75
Funding
16 May '19
Of the $220m left to secure does anyone know what proportion is planned to come from the issuing of new shares? I'm trying to work out how much growth there could be in the share price, already have a small holding here and want to add but its not clear to me what further dilution we can expect?

Is there a chance that Zinnwald could be sold to part fund sonora?




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