We would love to hear your thoughts about our site and services, please take our survey here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
johnpwh, respectfully, if you want a break, why are you on here? This is a ChatBoard for share talk, not cars, beer & football.
My post was cut off at the end and was supposed to end: “Please spread the word via other ChatBoards.” But suggestions about writing to other major Shareholders like M&G, who I agree is key, are great. Do we do a combined petition somehow or individual letters/emails?
I don't know what proportion of shares are in PIs hands. Has anyone worked out M&Gs % following the shares currently being issued to take GF to 28.8%? Got to admit I am just being lazy but will work it out if no one else has.
Agree M&G is the key, but probably to increase rather than overturn the bid. This is not strategic for them
Agreed this is a joke of an offer. Getting M&G on board will be key, so write to them. I doubt any other shareholder will vote for this. The offer needs to be £1+ nothing less. When do we get to vote?
Come on chaps/chapesses, its the weekend. Lets have a break and talk about cars, favourite beers and football!
Why was REM's 2016 offer rejected?
Me to.
I will sign a rejection vote letter, the offer from ganfeng is a **** take
I have about 0.26% I’m happy to sign any letter to request a special meeting and join in here if we can get to the 5%.
I agree with you 100%
But it's not just voting this down - We have to apply pressure. ALL OF US. EVERYWHERE.
If Ganfeng want to buy this, they can pay £5.00 per share.
We need to start emailing all the major investors. These takeover forms are telling us who they all are. And make it clear, we don't want this. We want a £5.00 buyout, or 50/50 JV as agreed.
On a side note, there's clearly more to this than meets the eye. Not just in terms of board being pushover, but surely they can't be naive enough to believe people will okay this?
This is indeed bad news for Shareholders. Well done to the Daily Telegraph & Sir Iain Duncan-Smith for raising the profile of this yesterday.
Those who invested in Bacanora at 40-60p+ were taking a risk for a reason: if it paid off, their risk would be rewarded with a big payday. That’s how investing in AIM stocks & fledgling companies works. A return of c.50% (for those who risked their hard-earned cash at c.45p a share) is not a just reward for such a valuable asset.
This is hugely political. President Biden & Boris recently expressed concern re China’s economic domination and monopolising key future-proofing commodities. Boris announced the UK intends to stockpile rarer metals & minerals (e.g. Lithium, Cobalt, Copper, Palladium, Rare Earth metals) as China controls much of these commodities via its owned Mines. Then look what happens! For Ganfeng, this Offer is obviously a very shrewd move. But that doesn’t mean we Shareholders should allow it to happen.
According to Shore Capital via a recent vlog, the NAV of BCN’s Sonora Mine stake is worth 200p per Share. Canaccord upgraded BCN to Buy with a Target Price of 85p on 4 Feb 2021. Extrapolating this, BCN’s SP should be 120p by end 2021, with Production starting in 2022, when we should see 200p per Share, IMO. Then, IMO, in 3-5 years (from now) as the Mine ramps up into full Production, we should see 500-650p, assuming Lithium prices don’t rocket in the meantime.
67.5p isn’t just a steal, it’s Daylight Robbery! Dick Turpin would be proud of it!
Remember, the SP hit 67.99p on 12 Jan 2021. (It hit 149p in 2018). This isn’t a fire sale; it has huge potential and is fully funded to Production.
Sure, one of the reasons it’s been made a safer investment and is fully funded is thanks to Ganfeng’s 29.99% Stake, not to mention Ganfeng’s vast experience (it is one of the top 3 global Lithium Producers), but that’s not the point. Ganfeng didn’t lend us Shareholders the money for us to invest, did it?
Personally, I don’t consider all the risk of investing in BCN worth a derisory Offer of 67.5p per Share.
One consideration: larger Shareholders may have to take a one-off hit on CGT as a result of this Offer, rather than spreading their gains across several years and benefiting from CGT Allowances. If this takeover is to happen, at least Shareholders should make sure their gains are worthwhile.
It may well be we’ll see a higher Offer from Ganfeng – ultimately c.200p per Share. G4S’s Board was successful recently in fending off Gardaworld’s initial low Offers; finally obtaining a much better Offer. Entain’s Board more recently rejected an Offer from MGM Resorts because it didn’t represent Entain’s full value. But the way the RNS is worded implies BCN’s Board is going to recommend Ganfeng’s initial Offer. So, we Shareholders may be on our own.
I will be Voting AGAINST Ganfeng’s Offer. I encourage every other Shareholder to do likewise. If you agree, please spread the word