Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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@Ian - no
So am I right in saying that anyone who accepts the offer and it reaches 51% takes the money but then if a revised offer is made to grab more shares people who have accepted don’t get the increase!!!!
Ian,
At 50% all those that have voted to sell their shares will get their wish (ie they will sell their shares, Mexican anti trust permitting).
There are consequences on the 'no voters' (strictly non voters as there is provision only to vote'yes')when over 50% vote to sell their shares, those consequences depending on the % yes vote reached.
no… it’s always been 50%…
Sorry Tom what do you mean 50% has something changed ?
that’s a bit naughty… it’s unconditional at 50%…
Today I received Corporate Action notice from Fidelity:
"Bacanora Lithium plc has received a cash and stock offer from Ganfeng International Trading (Shanghai) Ltd a wholly-owned subsidiary of Ganfeng Lithium Co., Ltd.
You have been offered ÂŁ0.675 in cash and 0.23589 ordinary shares in Zinnwald Lithium for each ordinary share you own in Bacanora Lithium plc.
Your options
1 – do nothing.
2 – accept the takeover by using the button below no later than 9 November 2021.
To help make a decision, you should review the information contained within the offer document.
If enough investors accept the takeover offer, it will become unconditional. We will then accept the offer on behalf of all shareholders who have not accepted it themselves."
Spoke by webchat with iWeb earlier. Their (tardy, but I think they would prefer the word conservative) corporate actions department say they will send out an action in mid October, their reasoning is that will allow them to catch anyone trading between now and then. How does that compare to other brokers?