Member Info for addicknt

Good question TC; I was wondering the same thing. I placed a few dummy trades yesterday and was given a price for the EMS of 2k, but no more. I'm sure buried in the detail of the circular, there will be an explanation. But life's simply too short to plough through all that verbiage.

RS, my suggestion was based more upon the fact that being listed on a single exchange makes life easier,particularly when our takeover laws are more lax than those in Canada. Also, we must not forget the impact that changing the remuneration structure for PS may have on the thought process.This has always struck me as being a clear indication of intent. Anyway,the good news is that the company can now issue the requisite number of shares as part of the fund raise.

Hurray! At last and after a great deal of wasted cash on the first attempt. As far as I can see,no action is required from UK shareholders, although I'm going to check with HL today. The path is now clear to funding. Does anyone else think that part of the rationale for the re-dom was to make a takeover simpler?

adv11, I'm confused. Do you not simply trade the UK quoted ordinary shares? Who is your broker? My assumption has always been that there wouldn't be change for us UK holders. Is that other people's understanding?

I don't think so. Mine are sterling denominated and are held via HL. The only corporate action I was told was required was to vote on the re-dom issue. In other words, I had assumed as a UK holder, I didn't have to do anything. I hope that's correct. Interestingly, the BCN ticker is showing as "none found" on HL.

day today. Let's hope there are no upsets.

TBTT, why didn't you end your post after the first sentence? We all know what follows, and the simple fact is BCN HAVEN'T used a price above $11,000. The remainder of your post was no more than a subtle de-ramp; a process of yours with which we are gaining familiarity. Your agenda appears abundantly clear and is not limited to this stock. So, in the interests of balance, why don't you just ferk off?

TBTT, I think you'll find that virtually all of the long term holders on here take a very balanced view of this investment. We've all expressed frustrations/doubts at times, but have stuck with it for the simple reason that we believe over time this will become a valuable business. It is most definitely not one of the normal pump and dump, go-nowhere,director cash machine stocks. It's a serious long term investment for grown-ups only.

Newboy, good move. I share your view about EMH...the political risk is too great at the moment. Should that change, I will buy.

"However, we used to have award winning companies"...I think the internet expression is pmsl. What he really meant to say was "we used to have companies that we claimed were making profits but in fact the figures were all made up" And "we're happy to report we became very rich and shareholders lost �2bn in value" This man is the most deluded fool on LSE...and that really is a difficult prize to win.

chucky, I assume your allegation is based upon the missed original target dates for the FS? Do you have any evidence to support your suggestion? i.e that he was being deliberately misleading? TbT,a lame de-ramp attempt. If you think ebitda of �200m+ per annum makes this a marginal project then I'm not quite sure what you think constitutes a good investment.

By the way, following this announcement, I've revised my own first stage sp target downwards. Based upon the news about the debt/equity split, the implied number of new shares issued and the ebitda figure included in the FS, and based upon a modest multiple of 6x, my early stage target is now �3.This would give a market cap of approx �1bn. Of course, this is based upon the low commodity price factored into the FS and ignores any value for the later phases of Sonora and, crucially, implies no value for Zinnwald.

MrC, why depressing? I thought the article posted yesterday on the KDNC board yesterday in which PS explained the proposed funding structure was interesting. In it, and for the first time,he made it quite clear that the equity element will be coming from our existing shareholders. One can only assume that he didn't make this public statement without being absolutely certain of his facts.Assuming that he isn't lying,we can now feel confident that this aspect is sown-up. My guess is that we'll get something on funding not long after the re-dom announcement. The only sad thing about the NV situation is that their involvement appeared to accelerate the planned production capacity. I hope this remains the case, although I suspect it may not. In any event, keep focussed on the $200m p.a+ ebitda...that's the important number.

It's possible MrC, but although there has been plenty of selling on TSX over the past few weeks, the trades have been very small. I'd have thought that if they believed in the story, they'd want to hang on. It should also be borne on mind that there are no tax implications, as we have a reciprocal arrangement with Canada.

MrC, the guy's an arse.

Speaking as another long term holder, I can say with absolute conviction that I was delighted when the Tesla deal failed. As for your other comment about car makers being afraid to commit to BCN, I'd humbly suggest that you're not quite up to speed. We have pre-sold most of our production to Hanwa. In phase 1, we have very little additional capacity to supply anyone else, and most certainly not a major car maker.

Btw, NV did their dd prior to the original announcement and were clearly happy with what they were shown. In my opinion, they were not able to raise the necessary and attempted to renegotiate...and were quite clearly told to f off. And re your comment about JL's influence in the investor community, perhaps you could explain why BR, Capital. L&G et al, invested? As far as your subtle attempt to cast doubt is concerned, I'm afraid with the sort of comments you've just made, you are firmly pishing into a hurricane.

Can you direct us to his comments re NV please? Over two years of producing battery grade (99.5%) lithium from clay has somewhat disproved his argument...or do you disagree?

I've just cast my vote for the re-domicile via my HL account. Don't forget to do so...we don't want to be thwarted again.

For some reason I'm finding this quite funny.