The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen 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.
Then again BCN may have nothing to say as it won't affect them.
Personally I'm going to take this opportunity to put some more cheaper shares away.
this suggestion of nationalisation crops up periodically every couple of months and has done consistantly for the last year or so. I'm fairly sure its already been confirmed that any potential nationalisation only applies to new licences going forward and any existing licence agreement in excluded
More than 50% if you look at the indirect holding via BCN shares. I doubt Mexico wants to confront China over this. With my rose tinted specs on it may prove long term to be good news -- Sonara wont be the only deposit in Mexico, and development of competitors by the State rarely turns out well
Hi Hintza, was about to ask if you are a deramper, but I don't think you are but just doing your due diligence.
The company can't realistically make a definitive statement that the report of nationalisation doesn't apply to BCN because ultimately it is the Mexican Government making it. The next Government there could be far left, far left or on the middle ground, no company can control a Government wherever in the world - the signs were that the UK could end up with a socialist government less than 18 months ago! That is why I have a golden rule about investment about avoiding the lesser developed African countries - political risk . I do feel relatively comfortable here though
I would make the chances of the Mexican govt nationalising Sonora almost zero. This is now 50% owned by a Chinese corporation, Mexico are not stupid enough to start aggravating the (soon to be) largest economy in the world with leftist nonsense like that.
I have just read the article "bidnolid" posted on another post. That offers some reassurance.
https://www.bnamericas.com/en/features/mexicos-lithium-concessions-unaffected-by-nationalization-plans
If the threat of nationalization is purely for future projects surely the company should say that? If BCN haven't said anything surely that suggests they don't know for sure yet?
I'm a little gun shy at the moment having taking a bit of a hit in Greenland :(
I think that EMH is a partnership, not Nationalisation. Although it has produced some consternation here I think we have a major advantage in that the Sonara project is directly/ indirectly owned more than 60% by a major Chinese company. China is Mexicos 2nd largest trading partner. And, if you don't mind me being crude, how much will the Maxicans want to p**s off the Chinese?
Might end up like EMH, part owned by the Country.
This keeps surfacing but there has been statements that this applies to future licences not those already granted.
https://www.bnamericas.com/en/news/mexico-evaluating-lithium-nationalization-proposal
I note this threat has been bubbling away for the last 9 months or so.
How much of a threat is it?