Member Info for Fozdog

Mr C bcn did exactly the same with retail if you remember?
We had to get it in like 5pm and had an hour or so!!
It’s all risk tolerance, I have what makes your skin crawl! But being called mr c we clearly have diff risk tolerances!

John I think Gf will keep it and offload to likes of emh or something along that avenue at some point. Either way think it’s gone in a 6m-years time. Or they just hold it and control supply lithium.

Im massively bullish znwd from here think it retraces to 20p by end of q1. At least can trade it rather than being stuck in this tripe.
The one thing I actually think znwd did badly was not forcing bcn to stump up cash. They should have cash called a few months back and used up the reserves in bcn.

I also think kdnc is not one to touch. I’d avoid it

Not concerned one bit about znwd shares they will be back to 20p once all this overhang clears. Much more interested in their prospects that messing around with bcn anymore. I also am highly confident the German govt blocks Gf so they won’t want the risk. I’m happy adding znwd.

I’d be concerned kdnc gets nationalised…why not? Makes sense for Mexico now Gf on board.

Bannor I know you like to come here and mention kdnc time and time again…it’s down 22% in last 6 months. I’m not touching Mexico mining I would be surprised if sensible bcn holders touched kdnc here I certainly won’t.

john is there any liquidity? like if you tried to buy or sell do you even get a quote? cant move it nothing trading.

I don't expect HL to be efficient with delivering these....Not found them efficient in any deliveries iv hard to share accounts.

Kluck, I do looked at this stuff a year ago on my to do list!
Znwd holdings reports id assume start coming out today. Looks ripe to recover

It’s a great article or can be more cyclical like me…ironic how Mexico left bcn alone with licences, allowed a Chinese company to prove clay/take over bcn…almost like you want to get the understanding from Gf first….funny enough I won’t touch Mexico mines on back of this debacle with bcn!

Not how I see it Joe, you are talking like the 25% are the rulers here?
If they have book cash why would Gf give it to the 25% left?
Being fair to all shareholders means you give it to Gf 75% holdings also. It’s still cheaper for gf to distribute that cash to everybody now then give it all to 25%.
Plus why? They only need to buy out 15% to get to 90% anyway and I’d assume that gap getting smaller.

Genuinely I think good chance you get more holding on and hoping, but let’s face it it’s hope over being hugely sensible.

We got sold down the river by bod and m&g.

Yep tc way I see it as the acquirer I do not believe they can buy shares on the open market, it’s got nothing to do with retail being out or not and solely from my understanding on takeover code post a formal takeover bid that’s been accepted.
Not sure why you are referencing retail like they are the yardstick here? Rules are there to protect retail so if all retail was out and gf did a deal with Weiss wouldn’t be fair would it? I’d expect many retail investors want the price Weiss get and panel and everyone is there to protect retail.
They pay a higher price in 6 month window they owe that price to all shareholders previously.
Don’t know how it works when becomes private but delisting and becoming private takes time won’t be a 2 week window.
90% is just a clean up.

Ev whilst delisting is not the same as removal from Index, I pointed out that was the rns days ago whilst everyone was getting wound up thinking it was the doomsday 75% trigger….

Hargreaves are under no obligation to quote this stock. So if you remain in I doubt they will have it on their platform with current outstanding free float and the fact it’s not in an index why would they?

Another assumption but wouldn’t be surprised if you have to quote all the stocks in the aim index if you provide any funds that are based on aim. So the moment it leaves aim index it’s in now mans land and you will need an intermediary to trade on your behalf.

Jeez the more you think about it, more tiring it gets! Be prepared to be stuck with this for a long time, and 26p on 67.5p is 40%.

I reckon you make more on other liquid stocks in next 6 months.

I don’t believe Gf can pay higher for stock for next 6months if the company remains listed?
If so they would have to come back to previous holders…sorry but I can’t see anyway the panel special approving it for minority at all. It’s not in their interest to do so, and you talk about gf in public eye…that’s the last thing the panel needs.
Think really clutching at straws there….genuinely I hope those remaining get a better deal you deserve it.

My assumptions for best outcome are they can buy back stock via bcn treasury as that’s company approval not Gf….and delisting id assume restrictions for stock purchases for 6 months maybe? Not sure how it works there.

Tricki with you on a lot of those calls, cusn, cl, znwd all on the adding list once this clears, Bradda might add more in also.

Thesis hasn’t changed. Right call on bcn wrong outcome any way you cut it, I had to average down hard in bcn even at 15/16p during covid to make returns I did and so to me yes it was a bad investment regardless of the final returns.

Observer totally agree, thing is though if your playing for production then wasting time fretting over 75% or not it is what it is. I’d hate to see what they do in a years time to get that 75% needed and I’m not wasting another year or time in bcn.
Good luck with kdnc but I’m learning from
My mistakes - Mexico and gf is one of them, I made the mistake taking bcn over lac.
Not pumping a penny back into Mexico lithium miners at the mercy of gf.
The opportunity cost of bcn has been astronomical

Delisted is very different to leaving index.
This is most likely heading to 75% delisting regardless.
Either way even it doesn’t make 75% good luck getting liquidity. Has anyone that’s not accepted tried to get a quote on selling into market?

Indices are what are used to benchmark funds such as ftse 100 or ftse 250. Aim index is what is replicating of the aim index but index providers are rules based.
People getting way to hung up on this, just accept fact it’s most likely heading to 75%.
Be in or out but this over analysis isn’t going to change index rules or where this is heading.

I reckon you’ll make more accepting and buying Gf stock at 114….that was 180 in sept.

I still think it’s down to index rules, I don’t know them
For equity but that’s the assumption I’m going with.
You can’t have something trading in indices that’s 73% owned by 1 person.

Making assumptions here but the ftse deletion could be due to size outstanding and one owner being so large therefore no longer eligible to trade within the indices. I don’t know all the index rules for equity but just a guess.
Like you I doubt you can have bt in the ftse 100 if there’s a 70% holder, I doubt you even can for 50% for eg.

In theory tufftrader price could go up today because if you own bcn shares are 6pm then you get 0.23 ish znwd shares that are worth 16p, so another 3.5p say. So if you want znwd shares that cheaper way to buy them today is via bcn stock.

Agreed John, been fun whilst it lasted but is what it is. I am also glad this is over and won’t touch anything under secker reign again. Good luck to everyone and merry Xmas!