Member Info for BorderBob

@johnpwh The offer from Ganfeng did not include the Zinnwald shares, and they are continuing to hold the ones they will receive because of their pre-offer holding. The Zinnwald shares are a dividend declared by the BCN Board, subject to capital reduction rules and the condition that the Ganfeng deal becomes unconditional. Ganfeng had to agree to let them do it, while still keeping their cash offer in place.
If I offer to give you a candy bar if you sell your shares to Tom, that is a different deal from the one you two have. Even if it involves ownership of the candy store.

This was more than half of it:
17-Dec-21 14:02:57 68.00 2,832,000 Unknown* 67.00 69.00 2m

There is no doubt that they will get past the 75% marker, but the delisting won't happen overnight and it will be interesting to see what happens first. I just put in an order to sell the small stake I bought yesterday, but I'm not too concerned if it doesn't fill. I already own some Zinnwald, and would use the cash to pick up more shares when the price drops because of the sudden glut on the market. I have no idea why tomcat would predict a 5x increase at delisting, but he could be right.

Ganfeng is not squeezing dead oranges, but Dee is complaining about sour grapes. Before Mexican approval, Ganfeng could buy on the open market only up to 35% ownership. Today they can buy as much as they want, and will save money doing it even at the suddenly-higher ask. It's over. Go home.

I would expect an early one on Friday rather than a late one on Thursday. But it will be interesting to see what happens with the BCN and ZNWD share prices on 12/16, before the Commission meets.

?From what I have seen on other cases in previous weeks, they approve the day it is on the agenda.  I don't think they have much choice here, because their calendar for 2021 shows that their office will be closed for the next two weeks.  If they didn't expect to make a decision this year, they could have delayed it until January.  
?

They invariably vote to approve.

Asunto: CONCENTRACIÓN.
Expediente: CNT-097-2021
Agentes: GANFENG INTERNATIONAL TRADING (SHANGHAI) LIMITED Y BACANORA LITHIUM PLC.
Fecha de Publicación: 14 DE DICIEMBRE DE 2021.

https://www.cofece.mx/conocenos/pleno/asuntos-por-resolver/

Whether Blair was one of the worst ever, depends on your perspective. When he took office the pound was worth $1.65. When he left it traded at $2.00. This was bad news for occasional visitors from the States, like me, and even worse news for British manufacturers (and miners) trying to sell their products abroad. But it was great for the people of Great Britain who were buying Chinese goods, and imports from other countries.

Since Alexander Boris de Pfeffel came in, the pound rose from $1.21 to $1.42 before dropping to its current $1.32.

China is Britain's fifth largest trading partner and the UK imports twice as much from them as it exports. I wonder how much of those exports contain lithium batteries. Of course, much of the imported lithium from China comes from the US, in the form of Tesla and Apple products. And now you don't want to send any back?

Barclay's long position equals their short, so they are neutral. Not sure what game that is called. Weiss doesn't own shares, it has "cash settled derivatives," whatever those are. Maybe a lower margin requirement, so they're out 2p to gain 6p?

Something for them to discuss at their Christmas party.
For those still interested, the Mexico Commission meets on Wednesday this week (not the usual Friday, although maybe that will be announced later) and Ganfeng/BCN are not on the agenda.

Ganfeng switched from scheme to offer. So they are not going to switch back

I'll let Dee or his mentor at ShareSoc answer that one. Or maybe someone with a memory of more than a few months will help you recall when you were being encouraged to withdraw a few shares from your account so that you would be on the register of shareholders for voting on an arrangement.

You forget the failed BIG defense -- they need to win a headcount at a scheme of arrangement meeting, not just a share count.

That certainly took some time and brain power to figure out.

Speaking of expending time and brainpower, compare mrcautious 7654 posts to my 378

Not only did I smirk about my 65% profit, but I single-handedly prevented all other mining and exploration companies in the world from making a higher offer!

Yes, my old friend Elon was about to offer 5 guineas until I told him not to do it. Saved him a lot of trouble, dealing with Chinese partners, I did. Of course he still buys most of his lithium from them.

Hindsight is perfect vision. Breaking a contract in December based on what was known in May is a traditional British way of doing business. Curse the Board, for not seeing their way out now! But next time, investors should be careful not to buy a “story,” when they should be looking at all the factors that will prevent success.

Sometimes things that don't seem to be a formality, are exactly that. The Mexican commission seems to be taking applications in order, and may have more work than usual this year. Last week they just got around to approving the major railroad merger that was announced last September. This week they are acting on a company called "Seadrill" that started a restructuring program in late August/early September.

If Ganfeng and BCN were still having problems with the Commission staff, they should have announced that by now.

It's not on the agenda for this Friday, so December 9 may be the date. Or it may just time out, and the reluctant partnership will continue. Did anyone else notice where the Russians are pulling a similar deal with Alpha, in Argentina?

What, you think he’s maybe my father-in-law?

How much is ShareSoc paying you to investigate me?

The Montreal Gazette, December 26, 2009, Page 50, “Canada Lithium has high hopes for Lacorne Mine”, final two paragraphs:

“Why did Aussie expat Secker move to Canada last summer?

‘My wife’s Canadian and let’s say she’d had enough of the Australian paradise and wanted to return to Canada!’ ”

Accessed online at newspapers.com (subscription required). At the time he was CEO of Canada Lithium Corp.