Member Info for chriszzr

The Chinese are trying to tie up the world's global PGM resources
extract from the Telegraph

"China claims victory in battle for British lithium miner
Bacanora is now almost certain to be delisted from the London Stock Exchange

By
Matt Oliver
and
Matthew Field
21 December 2021 • 12:19pm
The Chinese takeover of a British lithium miner is on the verge of success after a major investor backed the deal.

Jiangxi-headquarted Ganfeng Lithium needs 75pc support for its £285m takeover of Bacanora to succeed, at which point it would delist the firm from the stock market.

It has already had approval from shareholders with 45pc of the stock, and owns 28.9pc of the shares itself, bringing the total to 73.9pc.

However, The Telegraph understands a major shareholder controlling about 5pc of the shares, and who had been holding out, will now back the deal.

The takeover comes despite fears that it will put even more of the world’s lithium supplies under Chinese control. MPs have claimed the deal raises security concerns, while a group of retail investors accuse Ganfeng of undervaluing the company.

Chinese companies already control about 90pc of rare earth mines globally and make 80pc of lithium ion batteries.

The major shareholder, who did not want to be identified, said they had considered these issues but that the deal represented a “prisoner’s dilemma”.

It means Bacanora is now almost certain to be delisted from the London Stock Exchange."

someone is confident
21-Dec-21 10:05:32 21.47 97,810 Buy* 20.00 21.50 21.00k O
21-Dec-21 10:04:53 21.40 98,103 Buy* 20.00 21.50 20.99k O
21-Dec-21 09:58:01 20.825 5,000 Buy* 20.00 21.50 1,041 O
21-Dec-21 09:55:29 21.28 6,300 Buy* 20.00 21.50 1,341 O
21-Dec-21 09:54:46 20.94 75,000 Buy* 20.00 21.50 15.71k O

This news should push the sp back to mid 20's

Does a dual listing on the Moscow exchange require a shareholder vote to approve it ?

It would certainly be a positive step and a boost to the SP

Think this was rather rushed out
When did the sp drop to 5.07 in the last 52 weeks ?

Value range – 20/12/2021
Intrinsic Price (GBp) 121.10
Value Range Low (GBp) 115.04
Value Range High (GBp) 127.15
Implied MCAP (m) £3,520.23
Implied EV (m) £3,503.40
AIM Index EUA
Financial YE 31-Dec
Currency GBP
Business Activity

PGM Mining (Palladium, Platinum, Gold) + Battery Metals Mining

Key metrics

Close Price (GBp) 23.20
MCAP (m) £662.0
Net Debt (cash) (m) -£16.6
EV (m) £645.4
52 Wk Hi 45.00
52 Wk Lo 5.07
Key ratios

(Net Cash) /Shareholder Equity % -2.51%
FX Rate USD/GBP 0.72

bit of interest being shown
20-Dec-21 12:45:43 20.50 151,190 Buy* 20.00 20.50 30.99k O
20-Dec-21 12:44:32 20.479 153,891 Buy* 20.00 20.50 31.52k O
20-Dec-21 12:43:40 20.49 150,430 Buy* 20.00 20.50 30.82k O
20-Dec-21 12:43:30 20.475 24,395 Buy* 20.00 20.50 4,995 O
20-Dec-21 12:42:48 20.50 1,907 Buy* 20.00 20.50 390.94 O
20-Dec-21 12:42:43 20.50 1,200 Buy* 20.00 20.50 246.00 O
20-Dec-21 12:42:26 20.49999 150,356 Buy* 20.00 20.50 30.82k O
20-Dec-21 12:42:19 20.4999 116,787 Buy* 20.00 20.50 23.94k O

I am expecting some more good news this week if the SP does not tick up to the US ii's placing price, as they will not be wanting to show paper losses at the end of the year

You tell em Gecko

I though we have a 25% share of sales under the RTC consortium

But I like and understand this quote
"Christian Schaffalitzky, Executive Chairman of Eurasia commented: "The Directors are jubilant to complete an important milestone of our first of a series of JORC mineral resource estimates, that the WAI team has been working on since April this year."

What was all this about on LSE

14-Dec-21 16:30:02 21.5555 2,000 Sell* 21.00 22.50 43.11k O
14-Dec-21 16:29:04 21.5555 20,000 Sell* 21.00 22.50 431.11k O
14-Dec-21 16:28:17 21.5555 6,000 Sell* 21.00 22.50 129.33k O
14-Dec-21 16:28:06 22.40 760 Buy* 21.00 22.50 17.02k O
14-Dec-21 16:27:53 22.0999 11,285 Buy* 21.00 22.50 249.40k O
14-Dec-21 16:27:49 22.0999 61,077 Buy* 21.00 22.50 1m O
14-Dec-21 16:27:40 22.00 122,972 Buy* 21.00 22.50 3m O
14-Dec-21 16:25:06 22.00 5,432 Buy* 21.00 22.50 119.50k O
14-Dec-21 16:24:44 21.25 4,750 Sell* 21.00 22.50 100.94k O
14-Dec-21 16:24:15 21.25 1,920 Sell* 21.00 22.50 40.80k O
14-Dec-21 16:23:44 21.48 23,300 Sell* 21.00 22.50 500.48k O

This large trade was dropped in late in the day
09-Dec-21 15:23:33 2.80 3,500,000 Unknown* 3.10 3.20 98.00k O
09-Dec-21 16:45:45 3.20 77,565 Buy* 3.10 3.20 2,482 UT
09-Dec-21 16:30:01 3.20 5,881 Buy* 3.10 3.20 188.19 O

Expect a good RNS first though, looks as someone is already in the know

Somebody knows something!

08-Dec-21 15:38:54 25.68 160,089 Buy* 25.00 26.00 41.11k O

They have sold 1m shares from their initial stake, hence the reduction to below 9%

All the data on LSE for ODX disappeared, back now, what is going on ?

Government has ordered another two years supply of Covid vaccine, this pandemic is not ending soon and testing will become the norm for years to come.

01-Dec-21 13:43:39 27.85 550,000 Sell* 28.50 29.00 153.18k O

LB
Thanks for the info

LB
What does AMND P actually mean in terms of stock trading