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@KLUCK17 "With hindsight . . ."
On May 13, the ETF “Global X Lithium & Battery Tech” was trading at about US$60 per share. Today it’s above US$90 per share. It’s a basket of lithium stocks – the third largest holding, about 6%, is Ganfeng. Albemarle is first, with 14%. Tesla comes in 10th at 3%+.
Those who held BCN before May saw its value increase by 50% that month. Those who moved on but stayed with lithium, could easily have gained another 50%. But of course, some people are never satisfied.
Foz - we havent seen much evidence of BOD obligations to shareholders so far !
With hindsight i wish I sold all my shares at the early days of the announcement of the TO. I reinvested a small portion I sold in another stock and I am doing very well but more importantly the prospects for further growth are good.
Morning Foz. Nice and early I see.
Agreed its not the actual date the cash hits your account, its the sort of 'x' date, but could still be relevant.
Going to be an interesting budget for a change, an maybe a little unpleasant! Have a good day
Morning John, don’t think Rishi will, way too counterproductive although it’s clearly a concern. It’s something totally out of our reach, worry about that next year in April, still got plenty of time.
Accepting/agreed date is what will be relevant for tax, not the day you receive cash. One to worry on at a later date!
I will make one note about this potential delay which I don't think I have mentioned previously. We could have a situation where accepting S/Hs will receive their cash for their shares in 22/23 tax year rather than 21/22. There are rumours that nice Mr Sunak make bring CGT rates in line with income tax rates in his budget this Wednesday, so no more 10%&20%, say hello to 20%&40%&45% on gains which are, I think, deemed to the top slice of your income. This doesn't affect peeps with their share in ISA and SIPPS. Think it may be enough to persuade some to sell some of their holdings to spread gains over 2 tax years maybe if the offer looks like being delayed long. Just a thought which I though some may be interested in.
Agreed with John I mean Gf not even getting over the line with Mexico, European anti trust a totally different story. Plus they aren’t giving it away they didn’t have to go back to their board to offer it and it was a deal sweetener.
It’s just simple and easy business. Znwd is tiny in their plans and requires funding better spent elsewhere.
We’re still just in no man’s land imo, nothing actually moving forward. The longer these delays are the bod still has obligations to its shareholders and that’s both if the deal is no longer good enough (which is isn’t even in their terms) or updates and reporting.
I personally think the ideal scenario would be removing the bod and should be our focus.
Could be for a variety of reasons.
To sweeten the deal without having to go back to their shareholders? Because ZNWD doesn't fit with their plans possibly because of dealing with the EU?
So Bobby with all your knowledge, why does Ganfeng want something that is unproven, because they clearly want it.
@oggy06 "For an unproven system, quite a lot of high grade product has been produced."
Does anyone stll believe Ganfeng will use the system tried in the rented industrial space in Hermosillo, for processing small quantities of Bacanora clay/rock/whatever, using lots of electricity and water, when a process is chosen for use in the remote high desert? The mine is about as far away in hours from the Hermosillo lab, as Plymouth is from London. Those lab results can't be scaled up, and technology has advanced in the last couple years. The Chinese aren't exactly leading the way.
The president of the College of Mining Engineers, Metallurgists and Geologists of Mexico recently predicted that it will be 2025 before any lithium comes out of Sonora. By then, a dozen other major projects around the world will also be in operation, with lower infrastructure costs. Higher lithium prices will probably still prevail, and the Mexican market is twice as large as the British. But enough of the hype.
In public relations and politics, spin is a form of propaganda, achieved through knowingly providing a biased interpretation of an event or campaigning to influence public opinion about some organization or public figure. ... Spinning is typically a service provided by paid media advisors and media consultants.
Just in case anyone has misinterpreted my post subject 'Spin'
"Lowry says that Ganfeng has been able to solve problems that others haven’t and are an investable company. He advises Lithium Americas and says that they also have a very experienced team including CEO John Evans who ran what is now Livent. Investors need to note that many juniors have mining experience, but it really helps to have Lithium experience too."
https://www.cruxinvestor.com/articles/loves-all-his-lithium-children-as-they-will-all-be-needed
All pals!
https://www.linkedin.com/pulse/lithium-next-chapter-joe-lowry
Yes, Emily Hersh partners Joe Lowry in the Lithium Podcast
http://lithiumpodcast.com/about/
"U.S. regulatory hurdles might set you back a year or two, but a cartel will shoot you in the head," Emily Hersh, a lithium industry expert and managing partner with DCDB Group, an international consultancy, said in an interview.
draw you own conclusions - $22.6bn project can afford security and the state surely won't want that as a reason not to invest!
Is Emily Hersch not the daughter of Mr Lithium himself? A man that never had a good thing to say about Bacanora because he was too busy buying pumping competitor Lithium Americas? Goes back a long way that one.
For an un proven system, quite a lot of high grade product has been produced.