Member Info for BorderBob

@trikidiki "Surely the IIs who are still buying aren't here for the pennies they'll get if the deal goes through. "

Doesn't that depend on the leverage they need for these market derivatives? Do you know how much that is? If the margin requirement is only 10%, are they risking 6p to get 6p of Zinnwald? Barclays seems to be having trouble figuring out exactly how many shares they have tied up, but it seems to me that the more these financiers commit, the more they are convinced the deal will go through.

"Companies featured on the MiningMaven website pay us a sponsorship fee which covers the costs of our work and operations."

FYI You receive Zinnwald shares only if enough other BCN shareholders accept the offer so that the 50%+ quota is met.
So it's a classic chicken and egg proposition: People are waiting to accept until they have the Zinnwald shares, but the Zinnwald shares won't be distributed until the offer is accepted.

But consider the massive expansion of the free float when the BCN shares are distributed.

About the only way not to make money in the lithium stock market the last two months would have been to hold BCN. It was never more than 10% of my lithium holdings, and I am amazed every day by how much the other dozen holdings have increased. LAC is not one that I own, out of respect for my indigenous friends, but it certainly has potential once its legal issues are resolved. BCN at least inspired me to learn more about using my US broker for trading on Australian, Canadian and German exchanges.
The fly in the lithium ointment is the capacity of the electricity grid to power more vehicles, without expansion of wind and solar production that may take longer than separating minerals from dirt. I suppose we could ask the Chinese to come build more coal-powered generators. Lithium is useful for storing energy produced by those alternative sources, but don't overlook GWH (NYSE), recently public with a cheaper method for that.

@Matthew125 Where did you get this myth that Ganfeng needs 75%+, and why are you perpetuating it? If they want to go private they need 75% of the shares showing up at a general meeting, which given the apathy demonstrated so far might require only the 50% they are certain to own.
@Bluegrass If there were any progress at the pit site the Board would be obligated to update the latest announcements, which reported that there is no activity there and nothing planned because, well, the Chinese are more afraid of the virus than are miners in most other countries. No one believes the Board these days anyway, except when they fantasize about production starting by 2023.
Trading volume seems to be dropping, but their are still MILLIONS of shares being traded and I wonder about the plans of these buyers. Are they signing up for the Futile Resistance? Are they already members of the Opposition, increasing their holdings? Or are they just getting in line for their free ZNWD handout? Time will tell.

Mexico has 60 days to act on the antitrust clearance. The starting date was before the August 25 offer, when Ganfeng submitted it, unless they came back within 10 days for missing information and/or 15 days for additional information. The overwhelming majority of requests are approved. See the flowchart linked from this summary:
https://uk.practicallaw.thomsonreuters.com/2-504-5163?transitionType=Default&contextData=(sc.Default)&firstPage=true

I could suggest that Dee is being paid by Ganfeng to make sure any opposition is headed for certain loss.
But that would be immature.

Well, no, not when the people who are touting it are not comparing those costs. Where the comparisons may become difficult is when the ppm required to make the dirt viable is up to the eyes of the beholder.
Thacker comes out ahead on miles to the Tesla factory, but I'm just asking who's bigger.

Lithium America just released some updated estimates on its Thacker Pass project in northwest Nevada. I tried to compare them with Bacanora’s estimates for the Sonora project. A lot of people fell in love with Bacanora because it was the largest lithium deposit in the world. Is that still true, or is it just one of many?

Indicated Mineral Resources:
Thacker Pass as of October 2021: 8.2 Mt of LCE.
Bacanora: 5.0 Mt of LCE.

Inferred Mineral Resources:
Thacker Pass: 4.4 Mt LCE
Bacanora: 3.9 Mt LCE

Is that another of your attempts at a childish insult?

And I will invite you to the Grateland website, where I found my information and which has not been updated with what perhaps you found on the Newmont website. I realize Grateland is a tiny little company without resources to update current investors or attract new ones, but it would be better for them to say nothing, than to keep citing stale dates.
https://greatlandgold.com/

As I was saying .
The problem here is that many shareholders are waiting to get their Zinnwald shares before accepting the offer, but the Zinnwald distribution can't happen until enough acceptances have been forwarded by the brokers. This will at least provide for some endless and amusing speculation about whether Ganfeng will clear the six-inch hurdle for this Mexican pole vault. Bottom line, "enough" is only 50.01%, and they'll easily reach that before the ZNWD shares can be distributed anyway (end of this month).

RNS Translation:

“Don’t be surprised when the acceptance rate seems low because even some of the insiders have not yet been able to accept the offer. Their brokers are holding back until later this month on communicating it to Ganfeng.”

“They know they would never get it out of the ground without help.”

Spoken like a true imperialist. But you British knew you would never get it out of the ground without Chinese help.

The proposed amendment to Mexico’s constitution, if approved by 2/3 of its legislature and more than half its states, is great news for Ganfeng. Too bad BCN investors missed out on a piece of the action. Ganfeng can keep the Bacanora mine, and sell its technology to the government for processing all of the rest of the lithium in the country. They’re like the farmer with a mill to grind his own wheat, while his neighbors pay him to do theirs also.

Foreign companies were still welcome in Mexico after the 1938 expropriation of the petroleum industry. Mexico continued to buy equipment and supplies from them. The Americans called off their boycott when Mexico decided to stop doing business with the Germans.

Mexico acted now because no one was moving to get lithium out of the ground. Even the Bacanora claim is taking a long siesta. Domestic and foreign investors are just sitting on claims. The Mexican proposal is a small part of a larger plan to reform the country’s electricity industry. Alternative energy sources can’t be exploited without storage capacity; storage can’t be manufactured if all the lithium is being shipped to China.

What's significant to me is that the pound was worth $1.41 in May and has traded closer to $1.34 today. Ganfeng is laughing all the way to the currency exchange.

I saw your post yesterday on the BCN board and figured you might be a smart guy who knows what he's talking about, so I checked out PANR and bought some. Today it's up 20%. Most of my investments are in lithium but I suppose if climate change is going to destroy the world, it might as well be by North Slope and not Saudi oil.
I am in the US, where what you call petrol is about 60p a liter with no waiting.

You are in the same position as SocGen, which according to today's RNS signed up for more free Zinnwald shares just by buying some BCN shares at a lower cost than it will be paid for them soon by Ganfeng. But don't expect ZNWD to hold its current price until the market absorbs the dump of millions of shares on BCN holders, some of whom may not know what hit them and want nothing to do with another lithium wannabe. (On the other hand, some BCN investors may use the takeover proceeds to increase their ZNWD holdings.)

Earliest date for court approval of the ZNWD "reduction" is October 19, but the shares are still "locked in" and can't be distributed until October 29.

“If Ganfeng acquire >75% of the shares, they can apply to the AIM to delist the shares.”

Where is it written that they must own more than 75% of shares? They could own 51% and put the matter to a vote at a general meeting. If only 60% of shareholders attend, as just occurred, but 75% of them agree, which would be met just by the Ganfeng shares in attendance, the delisting is approved. That is, unless you are counting heads and not shares, which would be absurd but analogous to the rule for schemes of arrangement.

“Any cancellation of a company’s securities on AIM will be conditional upon seeking shareholder approval in general meeting of not less than 75% of votes cast by its shareholders present and voting (in person or by proxy) at the meeting.”

(Source: https://www.oneadvisory.london/one-advisory-guides/delisting-from-aim)