Member Info for Bannor

Clearly you broke the trading platform MrJ :-)

Not sure I'd have spent the whole weeks wages myself though LoL :-))

..... OK hands up it was £424.93 .... if only I could've found another penny LoL

Dallas .... I liken it to repeatedly buying a colander to carry water :-))

sucker for punishment .... just sunk my pocket money for the week in here £425 @ 8.10..... shame it wasn't available when I was buying at under 4p a little while back but there you go .....

Gotta love a bit of flagellation LoL :-))

Degsie @09:35...... come down from that cloud for a minute!! :-)

Those NPV' s are also based on Lithium prices of US$10k/t (Cinovec) & US$8k/t (Sonora) so should be adjusted to reflect current ....... although they may be goof (hopefully) for the future.... although for Cinovec I don't know when it will almost double from today .... LoL

Indeed Obs current Lithium prices are shocking (circa US$5750) when you consider what they were ..... on the plus side though all the delays (blameworthy or not) means we're (well BCN actually) not having to currently sell the commodity for that price & once the economy & sales of new EV' s picks up it should hopefully pick up.... hopefully before they need our parts of the JV in future years LoL.

Long time & much change since this statement: -
Investment view: Bacanora Minerals Ltd shares are trading at just under 0.6x our NAV estimate of 150p. Our NAV is calculated at a long-term lithium carbonate price of $8,000/t, an assumption that is looking increasingly conservative given contract prices have continued to rise on market tightness, and by some estimates may now be as high as c$15,000/t. Regardless, we would expect Bacanora’s shares to upwardly re-rate towards our NAV estimate over the next two years as Sonora is further de-risked through completion of the feasibility study, project funding and construction.

"SOME" reservations on the management ..... jeez if (fingers, toes & eyes crossed) if this Amapa deal comes off it'll be the first thing they haven't made a right dogs dinner of & f...ked up since the Sonora drilling & results in 2013.

But don't take my word for it just look at the charts & if you can .... try & wade your way through all the failed projects, ventures, moves, dilution, loans & torpedoes launched at our so called partners as well as the - ahem - 'accidental' attempts at scuttling ourselves.....

But there you go .... if you got in recently at the current price or below & Amapa does what's been promised you'll be singing their praises like many here still do after all the declines in SP & failures they've racked up ... but I'll stop there as it won't make the slightest difference to anyone just recently in....

Completion of agreement with Arrow...

https://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=02247833

'OF' many colours .... what is it with autocorrect!!!

Oh no no .... my poor abacus will struggle with the tonnages quoted & your shall we say 'speculative' or 'hopeful' or desired values below ... definitely a case for the magical Technicolor calculator or many numbers ..... there's a role for Jason Donovan in there somewhere I'm sure ...

MrC 09:01... didn't you know .... being paid for it according to some LoL :-)

Don't look Obs ... someone's doubting the accuracy of your calculator of many characters LoL ;-)

Not sure anyone trying to cross the Berm would appreciate the comparable TC but it is a complex & convoluted web .... LoL ...

& I'll blame Obs for making it appear (to me at least) like PBA owed the money instead of it being owed to them ..... however as PBA will own 99.9% of DEV ... ultimately we & INDO will own both the credit (PBA) & the debit (DEV) in accordance with our ownership of PBA.... like moving money from your left pocket to your right pocket kinda thang.... ultimately we won't get too much in the way of revenue/income until the costs to get the mine up & running are sorted & required historic debts are settled.

All this debt & assignment thereof has got to me too :

Yes the debt owed to Indo (as the creditor) will be assigned to PBA at which time PBA will become the creditor of DEV instead of Indo .... so the benefits thereof of eventual settlement & additional profits will then be shared by the companies who own PBA according to the percentage of their ownership ....

@Tomcat .... neither of those that's for sure .... what I wasn't getting was why the monies we were chipping for our ownership percentage was being added to the $49M as debt.

@Obs that's better as we're now agreeing that monies may be owed by DEV TO PBA not by PBA ......... however if Indo won't be owed anything who will the assigned debt of $49M be owed & payable to?

What also needs to be remembered is that PBA will own 99.9% of DEV in any event won't it....

Obs..... either I'm missing something here or something's off wack...

My understanding is:
The $49M debt is assigned by Indo to PBA & will be repaid eventually by PBA to Indo out of profits/excesses in due course..... once all the funding/rehabilitation/settlement of small/employee & other secured creditors is addressed in line with & as per the JRP.

We are 'buying' as currently formalised 27% of PBA for $6M & potentially more up to 49% .... that money will be used to settle creditors of Dev, fund research, rehabilitation so won't sit on PBA's books as a debt in our books it's an asset ..... if the monies are 'lent' to DEV they will sit on Devs books as a debit & on PBA's as a credit making PBA a creditor of DEV in the same way as the historic employees & secured creditors, banks etc are a creditor of DEV today until the debts are settled.

Which is why I don't understand why you are adding/totalling the $49m of assigned debt to PBA to any amounts that are being paid by us (or a n other) to take a percentage ownership of PBA and calling it all debt for PBA?

We will initially own 27% of PBA for $6M & at the same time assume responsibility/ownership of $27% of the $49M assigned debt to PBA or whatever it reduces to over time or increases by in respect to our increased ownership...

Tell me where I'm wrong & explain it as if to a five year old ( with evidence to support please)

@Obs please clarify why the statement below ...... specifically why would our $6M + any future $24M be considered as a debt on their (PBA's) books? ... we & whoever fronts up the $24M are buying something (currently for us we're buying 27% of PBA for $6M) who are you expecting the $6M + $24M to be owed to by PBA?
...............................
However, if everything goes according to plan (the judicial recovery plan: JRP), then this claim is released and the $49m of debt is assigned to the books of the JV company Pedra Branca Alliance Pte Ltd. ("PBA"), along with our $2.5m + (eventual) $3.5m + (eventual minimum) $24m equity funding. PBA will have $79m debt on its books, of which $30m ($6m +$24m) is super senior, meaning it is returned before other debt, but perhaps not ahead of the existing secured creditors, as this has yet to be agreed.

....probably worth asking Kiran to clarify because something's a bit off in one or more of the announcements &/or presentation....

....New poster but appears genuine so I'll take that Q as Obs needs to recharge the batteries on his calculator of many numbers....

M09/161 is a mining lease covering part the Bald Hill tenement of the Yangibana project that we hold a 30% interest in that Barksy has just posted up that HASTINGS are starting drilling.

You'll find page 8&9 in the attached useful in understanding the various Yangibana licences/tenements ........where Mojito Resources is mentioned it is us & represents a 30% interest for us.

http://hastingstechmetals.com/wp-content/uploads/2018/01/Hastings_DFS_Executive_Summary_Nov_2017_NEW.pdf