Member Info for EV_Bull

If you think about it, once the buyout is complete that's over £100m of PI money going to be needing a home once the deal is complete.

· the terms of the Offer compare favourably to the assessments of the Bacanora Independent Directors of: (i) relevant, comparable transactions in the sector; (ii) the risk-adjusted value of the Sonora Lithium Project discounted to the present day, noting that, whilst historic project valuations have presented the Sonora Lithium Project on a 100 per cent. stand-alone basis, current post tax economic valuations must take into account costs associated with debt funding, the fact that Bacanora owns only 50 per cent. of the operational holding company Sonora Lithium Ltd and, in addition, that 5 out of 7 of the Sonora Lithium Project leases are held in 70/30 joint venture with Cadence Minerals plc; and, (iii) the Company's global listed peer group;
https://www.lse.co.uk/rns/BCN/offer-for-bacanora-lithium-plc-h2amk728ffynd8v.html

Yes, can you imagine the following RNSs landing on the same day now.....
Sale of Sonora JV to Ganfeng
Completion of final pre-condition for 20% Amapa investment and fully funded to go to 49%
Aim won't know what's hit it.

Ganfeng will not be owning any of ZNWD
https://www.lse.co.uk/rns/BCN/offer-for-bacanora-lithium-plc-h2amk728ffynd8v.html

Even more good news for us today the ganfeng offer is official, BCN holders will be distributed a share of ZNWD too so Ganfeng doesn't want that.
https://www.lse.co.uk/rns/BCN/offer-for-bacanora-lithium-plc-h2amk728ffynd8v.html

Including Ken we have scheduled.
8 on Pier 1 to Nov
3 on P2 to Sep

a further 6 possible Oct-Nov P2 given we can easily manage 3/month on pier 2
That would be 14 x 45,000T = 0.63MT by end of November
An average of 5 ships per month (225kT)
A possible 2.7MT/year from the public port - note this includes Geralds portion

Things I'm looking out for that require a signature or document:
Bank Settlement deal
Release of $2.5m from Escrow
Change of Dev's ownership
Change of PBA's ownership

Other:
Dam licensing (for 27%)

I'm not sure insider trading laws would permit that. The announcement in itself would be enough to list the SP though you'd think. There can't be that many weak hands wanting to sell at 23p?

As a safeguard against improper use of insider information by companies when repurchasing their shares, the timing of repurchases must conform to the restrictions governing purchases by directors laid down in the Stock Exchange's Model Code.
Regard must also be paid to the provisions of the Company Securities (Insider Dealing) Act, 1985.

I think the capital will be better used to get us to 49% possibly through selling the Sonora JV.

Given you represent a part of "the market" i'm not surprised "the market" doesn't know anything. haha
How many of "the market" have the shipping schedules for example?
How many bother to read all of the court filings.
You make me laugh.

No change on my source yet but I don't think it will be long.
The movements on the Title case are interesting to say the least.

Imminent i think. Let’s see but the other case has movements.

You were right to wow Maddog, I think the deal is done

Only 3 Scanned documents ("Digitalização") Petitions attached in the entire process if you're playing along with the court bingo.

Intermediate Digitization Petition Guide:
https://www.tjsp.jus.br/Download/PeticionamentoEletronico/DigitalizacaoProcessoFisicoApostila.pdf

We be shipping that ferrous stuff arrrr matey.

We've booked in for Nov now Obs!

Indeed... what might need to be scanned I wonder?
Must be something requiring a signature...

"Bacanora, through MSB, acquired the La Ventana, El Sauz and San Gabriel concessions from their owner by paying an aggregate of 500,000 shares in Bacanora and $US40,000 to the owner for a 100% interest in those properties. Bacanora, again through MSB, has a 100% interest in Fleur."

Many will know a lot more than me on this but El Sauz was originally part of MSB but was spun out to Mexilit so perhaps it was changed at the time.

If this was the case it would make the Mexilit and Megalit concessions more valuable. If they were to buy us out and change the mine plan to mine more from Mexilit area.