Member Info for Bampster

Yes 2h it is up 21.2% in Oz today.I think we suffer from the AIM quick buck problem.I took a fair bit out of BCN and put it in here sometime ago.Looks like it will pay off.Also moved quite a bit into ZNWD where the signs are good.Good luck all.

Hi Kluck17
Good to see you here.I think we both missed out on what could have been a great prospect with BCN.I am out now with a modest profit after severals years.
I started loading CMRS some months ago(just over 120k shares) and am quite a bit down but this looks a great prospect,low market cap and good connections with BZN and Jubilee.The main man seems pretty switched on.Not as sexy as the lithium plays but look at how BCN let us down!
Good luck I think you are also in ZWND.I hope they don't get suckered by the Chinese!!

Bacanora Lithium Plc (BCN) - GB00BD20C246

Further to our email on 24th September 2021, the Mexican Antitrust Clearance Condition was not satisfied and Bacanora have made a request that the current timetable for the offer is suspended. Notwithstanding the suspension of the offer timetable, Bacanora is still encouraging its shareholders to take up the offer.

Clients who wish to withdraw their elections based on the above have until the below deadline to remove their election following the below steps and replacing the elected number of shares with zero (on step 4). All 6 steps must be followed to remove the election.
Well guys are the Mexicans going to make our investment worthless?

well the BCN share freebies of ZNWD shares seems to have extended negativity to this share.I sold some BCN just before the deal was announced to buy here and in EMH.Secker really is King Midas in reverse!!!

small market cap with shrewd management and connections with leading metal processors.This will fly once it is no longer under the radar.I have built a good position here.

I now hold 120400 of these shares.It looks very likely that the deal with Jubilee Metals will go through and I suspect the recent director buying was based on the expectation of grades.This seems a well run company with directors who have experience,connections and know what they are doing.The timing also looks spot on.
With only a small number of shares in issue this has all the hallmarks of a multi-bagger!! It seems a glorious chance to get in a the ground floor.

Well,so many warnings of potential delays.Is this to scare us into accepting the joke offer?Clearly the Board have been scared/persuaded into supporting this derisory offer/proposal.We need to know,in writing,why they think this is a good offer.Is it possible the the sp was somehow held at around 45p for all that time to justify.If M&G have any commercial sense they must reject this as even an idiot could work out what the real potention means.Ganfeng are not fools but it looks like the directors are.The FCA should investigate share movements over the period from the last capital raising until the proposed offer/RNS.
Over that period I believe other lithium shares have seen much better growth based on much lower potential,financial backing,advanced stage of development.It seems like the project has been slowed down to accomodate this ambush.Maybe the Zinnwald holding is some sort of back door into Cinovec and the Chinese could soon have control of a major european source of lithium.Some action is needed to stop World control of rare earths cue Ian Duncan-Smith?

I hope he has not been got at.It happened to me when I got to close to the truth with a small Irish oil company.I had a phone call out of the blue from the MD who was concerned at my questions on this board.He invited me to Dublin to meet with him and his lawyers.It was a veiled threat.
I reported several matters to both the UK and Irish regulators including details of possible 'black money' investment made in cash.Nothing happened.Shortly after the share price collapsed as a huge column of oil detailed in an RNS vanished within days.

I voted against all motions via my platform.I did the email to register my opposition a couple of weeks ago but got no acknowledgement.I think Dee was very busy at the time so at least I have voted on the AGM resolutions.Hope everyone else managed to do so.Fingers crossed but the directors of this company seem to have been either scared or seduced into suggesting this is a good deal,it is daylight robbery at 67p.

Can I suggest that those of us opposed to the Ganfeng proposal commit to holding our shares until we get a proper offer or Ganfeng withdraw.
At current prices there is still a 15%plus profit to be made even on their joke level offer.Now that is a lot more than you would get on deposit over the next few years.I know some will say sell now and move to something that offers more short-term potential but there are no certs out there with guarantees of sp growth.No, let us sit tight and fight this.I can do without the money for a period of years so if others can too lets see whether Ganfeng want to delay the project until they get their way.
I guess they are a commercial outfit so won't want to sit there for years doing nothing and if we can get the offer rejected it must open up other possibilities.
Surely some entrepeneur could see the benefit of buying into our huge and proven resource.There must be a white knight building electric vehicles in either the US or Mexico who could use Sonora and an endless supply of cheap and local lithium.This would be pocket money to Elon Musk so does anyone have his ear?

Sorry guys.Whilst composing that, the RNS came through and as I expected an extension given.Still it gives us time to get detailed scrutiny of this appalling joke deal.In the meantime can we see the engineering plans and have an early date for work to commence or is this being held back and slowed down for as long as it takes.I believe that the plans have been delayed until Ganfeng get control and that seems ok with our B.O.D.Perhaps some shareholders get better treatment than others?

have our B.O.D been taking lessons in muzzling dissent.I expect a 4.30 pm RNS stating that an extension has been given so weaker holders start to think the worst.In contrast to our paid employees(the B.O.D) we need to keep this in the public domain.If anyone feels that shareholders have been disadvantaged report details to the FCA and then make it known that a complaint has been put in.If anyone has media connections this is a great story.Chronicle how shares were virtually given away at a stage where most mining shares should take off and how the 45p fundraising was done.Look at old RNSs setting clear deadlines that were not met and how a huge resource for a sustainable future looks like being given away to a country that is reaching a level of almost total World control of rare earths.
I still find it strange how the sp held within a whisker of 45p for all that time leading up the the proposed offer.Something is seriously wrong and needs looking at through a microscope.

well done Dee from one financial adviser to another.My total holding is now 167,883 shares so that is over £90k at today's prices.I am in profit but bought quite a few at around £1 and have been here a long time.I will reject this joke offer and would support removal of the Board .We kept being given deadlines that constantly failed to be delivered and the way the engineering plan has been slowed/ignored looks very suspicious.It looks like China will continue to put a stranglehold on rare earth control and maybe an MP like Ian Duncan-Smith or Crispin Blunt (ie ones with a backbone) could press this case for action in national and World interests.

you back and contributing Addicknt.You called it correctly with regard to the woeful management here and I guess Ganfeng could not believe their luck.Candy from a baby is what we have here.You would hope that M&G would use their huge corporate clout to do the best for their unit holders.They must have sweated on this investment for a long time although with the asset there should have been no problem making it work.
Depending on how things pan out there could well be an involvement with the Regulator if investors are disavantaged but a Chinese monoply in rare earth control seems to be the biggest issue.
Unless some of our political masters are invested here I don't hold out much hope of this being a happy ending and from my own experience of whistle blowing to regulators in 3 jurisdictions I would expect little help there.I am holding what I have to see what happens but with our management I don't expect small shareholders are anywhere near the top of the list!!

Yes Antelope.I agree Cadence needing some cash.As in the past there is a need to keep paying their directors huge sums for performance!!!!

up until this 'bid' the sp was held in a remarkable range of around 45p.Why have the engineering plans taken so long to produce.It feels like Ganfeng have played this perfectly.You wonder if Secker thought to chase them up but felt there was no urgency.Having given such a huge stake away for peanuts I thought it can't get worse.I just hope M&G have some backbone and reject the offer as accepting is surely not in the best interests of shareholders which includes people invested in the fund housing these BCN shares.I will vote against with my 140k shares although I sold 40k shares recently as I see everything that can go wrong doing so while we have our current management.
I should forget the dear old regulator as it is great at being wise after the event. I don't think there have been many cases of clients losing their money where despite warnings it all went pear shaped and where the FCA were at fault.It is never a failing of the regulator and in any event they have far more important things to do like sending out COVID questionnaires 3 times in the last year to see if IFAs like me are likely to remain solvent!
I wonder what persuaded our board to indicate support to such daylight robbery.I just hope they don't suffer financially!

are usually right.Marlborough Nano Cap (minimum invetment £1m) and FP Octopus UK Micro Cap are 2 of the best performing UK Smaller Companies Unit Trust funds over recent years.Both have Jubille as one of their top 5 holdings and are adding.Is that a pointer?

I agree with Strangerstill.The offer smacks of machinations of which I can only assume our board have been aware.Too many strange signs over recent weeks like the sp sat under a glass ceiling of 45p when nothing but good news has been coming out over recent months.The full funding should have seen the sp rise after the recent placing.
I hold 185,698 shares.My name is John and I am a long established IFA.Please can everyone confirm their holding and say how they will vote.Apalling management appears to have brought us to this point or perhaps there is a parallel with Line of Duty here though and the big cheese was not as stupid as everyone thought!!
This was to have been the icing on my retirement cake but prostate cancer and this derisory deal have taken the shine off somewhat.I would still like to hear what Addicknt thinks on this.

well Mr Cautious I suspect that some board members will be doing a lot better than us mug punters.I just felt it had gone too quiet recently and it seemed amazing that the sp has stuck resolutely below 45p!!

well done Ganfeng for manipulating a poorly performing head honcho.I have built up over 160k shares here and at 45p was just back into profit.I bought quite a few at 80p to £1 when all the news was yet to hit.As things got better and better the sp failed to match the progress.Perhaps the market realised that selling a large stake at 25p was a shocking giveaway.I was holding for £5 or more but after all the shocking mismanagement I will be relieved to get out now.I could end up with about 50% profit after over 5 years.As someone else said that is about 2-3 years growth on one of many half-decent unit trusts.I bet M&G must be wondering what a shocking investment this has been for them.
It just shows that you can have a pot of gold but with bad enough management it can still fail to deliver in spectacular fashion.I wonder what our friend Addicknt makes of all of this now?