Member Info for Bannor

...over to INSP 😱

....indeed I did & IMO it's still the case .... more so now than ever before LoL

....no comment or clarification from our mob yet then ... will there won't there ... does it need one 🤔

....gotta say I'm very very tempted to buy another £5/6K's worth just to increase my voting power by a couple hundred K+ shares ... 🤔

....more big sells going through 600k yesterday 300k+ today ....almost as if someone(s) knows something we don't!!

roll on AGM & hopefully the withdrawal of their ability to raise without PI inclusion ... or depending on how it goes even without our prior approval!!

Considering there was a significant vote against the disapplication of pre-emption rights last year I'm thinking this years could be interesting even after the raises in the interim ....

....and of course Alan Greens wonderment & comments have always been so influential. PMSL 🤣

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"Lithium is a strategic resource for Latin America and with this agreement we are going to protect it so that it does not become a business for speculators," Kicillof said, according to Argentine media.

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....not seeing anything that changes my own perception/view of Sonora prospects for GFL/KDNC or the potential timeframes it'll take to finalise...

.... an example of covering big sells as buys by dropping the bid/ask amid the 15 minute delay?? 🤔

....same government different faces

Updates on Sonora Project in Mexico:

In January 2024, three controlled-subsidiaries of the Company incorporated in Mexico (the “Mexican Subsidiaries”) filed the annulment claims with the Federal Court of Administrative Justice in Obregón, Sonora City (“TFJA”) against the cancellation of nine lithium mine concessions. The legal counsels of the Company stated that the decision made by the Secretary of Economy in Mexico (“Secretary of Economy”) to maintain the mining concessions’ cancellations decision issued by the DGM is not the final outcome under Mexican law, and the TFJA will make its final decision. The legal counsels of the Company believe that the annulment claim filed by the Mexican Subsidiaries based on Mexican law, analogous precedent, and factual evidence may lead them to prevail before a neutral court, but they are still unable to make a judgment on the final outcome of the annulment claim.

In May 2024, Ganfeng International Trading (Shanghai) Co., Ltd., Bacanora Lithium Limited and Sonora Lithium Ltd., the controlled subsidiaries of the Company, initiated an arbitration proceeding before International Centre for Settlement of Investment Disputes (“ICSID”) in respect of a series of laws, regulations, and related measures issued by Mexico, which effectively nationalized lithium resources, impacted the operation of the project, and resulted in the cancellation of the mineral concessions held by the Mexican Subsidiaries. Recently, the Company received an email from ICSID confirming that the arbitration case has been officially registered, and ICSID has published relevant information about the arbitration on its official website. As of the date of this report, the Secretary General of ICSID has registered the arbitration. The next step is to constitute the tribunal and to brief the tribunal on the parties’ respective positions in written and oral phases. The hearing has not yet taken place and no decisions have been issued. The hearing of arbitration has not yet taken place and there is uncertainty in the decisions of arbitration and the actual amount of compensation. The Board will actively pay attention to the progress of the matter and fulfil its information disclosure obligations in a timely manner.

Moving forward at pace then !!

😂

Https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02860071-6A1228471&v=fc9bdb61fe50ea61f8225e24ce041a0e155a9400

.... So apart from the obvious & known Amapa news were please to present the balance of the sxxt show .... this bit in particular:

Cadence has provided a security package to the Investors as part of the Loan Facility. This package includes a floating charge over the Company's investments, placing its holding in European Metals Holdings into escrow and the issue of new ordinary shares to the Investors ("Initial Issued Shares"). The Initial Issued Shares represent 50% of the value of the First Tranche, or 8,251,224 new ordinary shares. These initial Issued Shares will be used as part of any Non-Cash Repayments if applicable. On the Maturity Date, the Company can utilise the Initial Issued Shares to pursue its investment strategy or for working capital purposes. If it has settled all amounts in cash and these Initial Issued Shares revert to the Company.

During the period to 30 June 2024 £557,000 ($698,000) of capital and interest was repaid in cash. During the year ended 31 December 2023, £1,622,000 ($2,000,000) less costs was drawn down. £124,000 ($153,000) was repaid through the issue of the Initial Issued Shares. The borrowing costs (and resulting fx) have been capitalised under IAS23, as the sole purpose of the loan was to finance the Amapá Project.

So the whole +8.2M initial issued shares for £124k?! .... if so that works out at 1.5p!!!

Ignificant changes in the state of affairs

As noted above, during the year the consolidated entity determined it necessary to write-off the value attributable to the Kenny

project. The total amount of the impairment amounted to $2,251,704.'

Well that'll help then .... see what happens overnight ~80% down ATMO ...

....nothing exciting then ... 3 trades between 13:28 & 13:48 missing from here 😂

... wonder when they'll be published & how big they'll be 🤔

...seems keen to exit or has just got fed up waiting.... gotta be selling at a loss @ 2.4p (or even 2.4001p 😂)

LoL ..... won't make any difference to us now .... We've got too little (left) & it'll be too late.

What little we have yet, which is ring-fenced to cover the MEZZ loan isn't even enough to cover half the remaining debt ... told you ages ago that EMH aren't going to positively impact our SP anymore ... NEXT !!

... or a miner! LoL