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bluegrass, it won't give you any context whatsoever. Whether I'm a current holder or not is of no relevance to my comments.
Level 2 looking good at 3 v 1. Hopefully we can get back into 40p territory before the deal confirmation is received and then get back to where this SP belongs once the RNS hits.
addicknt please can you remind me if you are invested here or not. I know you previously stated that you sold out but was not sure if you had reinvested yet. It may help give context to some of your comments.
2 Down 1 to go, great news, gl all
You can get you addicknt in a knot if you want but I'm very confident.Mr Wang wouldn't put his Wanger on the block if the finance wasnt in the bag?
Can’t we all just enjoy the good news we’ve had today! It’s all on track and looking good so why complain and worry straight away. Otherwise your never going to be happy with it.
spencer, it wasn't a question of "keeping people in the loop". First, they had a legal requirement to issue the announcement and second, they had stated in the previous RNS that they would update the market with any developments.
Please re-read what I've said. This announcement, yet again, raises a key question. There are two possibilities: the investment IS subject to a new board approval or, the RNS was incredibly poorly worded...again.
IMO they will try / find ways to finalize project funding ... similar to 100M unsecured, limited recourse, subordinated loan facility for LAC... https://www.lithiumamericas.com/news/lithium-americas-announces-strategic-transaction-with-ganfeng-lithium-to-jointly-advance-cauchar-olaroz
IMHO this mornings RNS was to keep people in the loop. If they hadn't of done it then people would be questioning what's going on. You just can't win with some people on here.
islandgirl, you say the the "board meeting is just a formality"; you have absolutely no way of knowing that. Unless of course, you sit on their board.
You also say, "some are looking for problems"; yes, of course "they" are. And so should you. An investor must always be aware of potential issues and to bury your head is not entirely sensible.
Experience of this company leads me to be very suspicious of the announcements. For example, my take of todays RNS is that it's good news, but the reference to the board meeting immediately raised a question: why mention it all? It had previously been announced that board approval had been given, but that was before their fund raising issues. So the question is, do they have to get approval again, given the change in circumstances? And was this a typical Secker statement which wasn't a lie, but nor was it the entire picture? So, it brings me back to the question, why raise the point if it isn't an issue?
These are simply questions every shareholder should be asking themselves. I just wish to god that this bloke would learn from previous mistakes and speak plainly, in a manner which leaves no doubt as to the meaning.
Good RNS, BUT I am still not sure, why this share gets so much pressure. Why are we not around 90-110 as all the previous years... very unclear.
https://www1.hkexnews.hk/listedco/listconews/sehk/2019/0628/ltn201906281856.pdf ...
at the 35th meeting of the fourth session of the board of directors held on 28 june 2019... the company considered and approved the transaction with 10 votes for... 0 against and 0 abstention... and authorised the management of the company to deal with related matters of the transaction at its sole discretion...
Could double in a flash
Exactly.Dont know why some are looking for problems.The board meeting approval is just a formality.Great opp to buy in cheap before the inevitable re-rate
Due to the following in this mornings RNS:
Our technical team is commencing its review to identify areas where Ganfeng can add value to the project delivery. Ganfeng is committed to supporting Bacanora in its financing and commencing development of the Sonora Project in the coming months." It is proposed that Mr. Wang will join the Board of Bacanora as a Director upon the completion of the Ganfeng investment.