Member Info for Barksy1

A spinoff is the creation of a new public company out of a current public company, while an IPO is a private company going public for the first time. In a spinoff, shares are usually distributed on a pro rata basis. ... The parent company issues its equity interest in the spinoff to its current shareholders.
How do spinoffs differ from initial public offerings (IPOs)? | ...
https://www.investopedia.com › answers

Yes, but I can't remember where I read it, I think it was a poster on here.

He looks like he is speaking through clenched teeth....:)))

Was that presentation Dubbed..it seemed out of cinq to me(maybe the wrong sink??)

https://www.youtube.com/watch?v=B6dlM1RavKI

Looks a bit tense to me ...

New rns out Frankie confirming its 10%... hope they are using it constructively:)

10% it is then.....

https://www.cnbc.com/amp/2018/12/08/an-expansive-ford-vw-alliance-could-echo-across-global-auto-industry.html?__source=iosappshare%7Ccom.apple.UIKit.activity.PostToTwitter&__twitter_impression=true

http://www.bacanoralithium.com/cms/wp-content/uploads/2018/12/AGM-Proxy-Results-2018.pdf

http://www.bacanoralithium.com/cms/wp-content/uploads/2018/12/AGM-Proxy-Results-2018.pdf

VERY

https://web.tmxmoney.com/article.php?newsid=6946082994529972&qm_symbol=MMS

How's low would you like this sp to be Steven, hmmm?

"We continue to be in discussions with a number of industry and finance parties with regards to completing Sonora's finance package at the asset level. Bearing in mind our offtake partner Hanwa, SGRF, the sovereign wealth fund of the Sultanate of Oman, and RK Mine Finance all carried out due diligence ahead of agreeing to provide funds for the construction phase at Sonora, we remain confident the outstanding funds will be secured in due course. We recently announced the appointment of Citigroup Global Markets Limited ("Citi") to lead the equity financing of the Sonora project alongside Canaccord Genuity, both of whom shall also act as joint corporate brokers.



"Our confidence also stems from Sonora's competitive position as a soft rock deposit which allows it to benefit from having the same low cost profile as the brine deposits of South America on the one hand, and the short production timelines similar to the high cost hard rock producers on the other. At ~US$4,000 per tonne, Sonora's LOM operating costs lie well below current contract selling pricing levels and occupy a position at the lower end of the industry cost curve. This compares very favourably to hard rock deposits which, due to the need for drilling, blasting, crushing and grinding, are among the highest cost producers. Unlike brine deposits however, Sonora's processing route does not require a multi-year evaporation process. Instead a simple and proven processing route that has been used over the last three years in our pilot plant to produce >99.5% battery grade LCE is planned at the Sonora plant. This is expected to take just five to seven days to process ore into lithium carbonate, which matches the production rates of the higher cost hard rock deposits.



"With LOM operating costs of ~$4,000/t lying well below current contract selling prices around $16,400/t, Sonora is ideally placed to capitalise on the expected strong growth in lithium demand, especially when compared to the higher cost producers such as the new mines being brought on stream in Australia. It is this fundamental competitive advantage that lies behind our confidence that we will secure the remaining funds on favourable terms, at either the asset or corporate level. To ensure we are able to commence construction at the earliest opportunity, we are pressing ahead with engineering and site preparation work. Front End Engineering Design ("FEED") design work is being completed and this will confirm the final Engineering, Procurement and Construction ("EPC") terms and quotes ahead of finalising contracts.



"Whilst we seek to realise the value from Sonora, we are also looking to realise the underlying value of our Zinnwald Project in Germany. We are in discussions with financial advisors with regards to listing Deutsche Lithium GMBh, our subsidiary which holds Zinnwald, on at least one public market in 2019. This will follow the completion of the FS at Zinnwald in Q2 2019, which is eva

Bacanora Lithium plc (AIM: BCN), the London traded lithium company, is holding its Annual General Meeting ('AGM') later today. At the meeting, Mark Hohnen, Chairman of Bacanora, will make the following statement:



"2018 has been a transformational year for our Company, with a number of milestone achievements being met, including the completion of the Feasibility Study ('FS') for our Sonora lithium project in Mexico ('Sonora'); finalisation of the debt financing for Sonora; significant equity investment commitments from SGRF, the sovereign wealth fund of the Sultanate of Oman, and Hanwa, our offtake partner; the appointment of Citigroup as our financial advisor and broker; and ongoing progress with the FS for the Zinnwald Project in Germany ('Zinnwald').



"As well as running through the economics of a 35,000 tpa lithium carbonate ('Li2CO3') operation at Sonora - US$1.25 billion pre-tax Net Present Value ("NPV"), 26.1% Internal rate of return ("IRR"), and Life of Mine ("LOM") costs of ~US$4,000 per tonne of Li2CO3 - our final results on 15 October 2018 referred to forecasts that demand for lithium could rise to more than 450,000 tpa by 2025 from today's 250,000 level. Less than two months later, those forecasts are now on the conservative side. Thanks to growing industries, such as electric vehicles and energy storage, both key consumers of the critical technology metal, forecasts are now more than twice that number. Currently, for instance, UBS is forecasting demand will hit 900,000 tpa by end of 2025, whilst Seeking Alpha believe demand could be more like 1.3mtpa by 2025*. It is numbers like these, particularly when one considers approximately 250,000t of lithium are expected to be produced in 2018***, that lie behind our firm belief that Bacanora is in the right commodity at the right time.



"Leading Chilean producer Sociedad Quimica y Minera de Chile ('SQM') reported average LCE contract prices in Q2 2018 were higher than Q1's US$16,400/MT**. If substantial new sources of supply fail to come on stream, further strengthening in LCE contract prices can be expected. This is particularly important as demonstrated by Albemarle Corp's recent postponement, due to regulatory scrutiny, of its expansion plans in Chile, bringing new supplies of lithium to the market is not without its obstacles.



"There has been a recent flurry of corporate activity in the industry. China's Tianqi Lithium Corp has acquired a 23.77% interest in SQM for US$4.066 billion. Albemarle Corp is paying US$1.15 billion in cash for a 50% stake in the Wodgina lithium development project in Western Australia's Pilbara region. Chinese lithium producer Ganfeng successfully listed in Hong Kong raising over US$420million in the process after securing industry heavyweights as cornerstone investors.



"We continue to be in discussions with a number of industry and finance parties with regards to completing Sonora's finance package at the asset l

Blackrock.....reduced their shares

50k sell at 10.50. Delayed. 25p

They are looking to leave aim luckily...once this debacle is sorted.

Yes two days.

They've paid up...don't want to miss out...