Member Info for Fozdog

Genuinely I do get frustrated with these cfo”s and makes me beg the question how to read into this.
You had all the time in the world to raise at 25p and do 20% discount.
Instead you wait for tail end of year when ipos and cap raises just aren’t getting off the ground in the same way.
Don’t get me wrong this is £4mn driven by one investor and small in grand scheme things but why not wait?

“Uk only lithium play” eh? Do you mean Cornish lithium? Chinese not got a hope in hell getting a foothold there.

Actually touch annoying John as an sp drop to me worries me that Mexico isn’t playing ball. Or someone thinking the U.K. could step in, which would drop the sp. Sick of this company.

Yes tomcat they can block it as a U.K. list company but chances of that are hugely slim. As much as I’d love this to be true, I do not believe they will. Even if proven wrong and they do then what? U.K. going to strike a deal with Mexico or support bcn? What’s gf going to do?

As much as I wish it were something, it’s posturing and “Monitoring” means they aren’t doing diddly squat. Can’t start intervening in a private company based in Mexico where 73% shareholders voted yes.
Love to be proven wrong but just can’t see this having any credibility.

Ha good spot and nice little rise that today triki!
This could be massive, if this new tech is what it’s claimed etc.
So yep not wasting my tears on spilt milk with bcn, it’s done and dusted, moved on.
Will always be disappointed and not touch anything to Do with secker again, however this has taught me to get my emotions more in check.
I truly feel for those out of the money and all of Dees hard work.
I also think some of those larger investors left might well be able to club together and get remainder taken out for much better here but 2022 looks a year of opportunities and volatility and Iv moved on/accepted.

Mr C just goes way beyond that doesn’t it, the opportunity cost of being sat here for however long is horrid. Could have just bought lithium at spot!!
First bid should have always been rejected but the bod never had enough skin in game and wanted to move on.

Agree John, fight done, time to move on.
Best of luck all on here elsewhere, for me it’s time to focus on Cornwall!

Hi Majoroak, I have to admit I am taking the bullish case and the latter. The tech must be strong. Also I have found Jeremy and co to be a much stronger and better board than the likes of secker at bcn!
If they can achieve carbon negative extraction as they claim and ipo, Cornish lithium will have to every major investment firm looking at it in the U.K….The majority of them are all committing to carbon neutral targets.

Evening valuation, I’m not concerned about the preemptive rights or possible dilution, if you ask me that means Cornish lithium is that much further on and gives the flexibility needed ahead of an ipo!
The techmet deal is positive ultimately it’s at same price as last placing. Could Cornish raised that £18mn then? Prob but the kick on and bring in their expertise on, I actually thought the discount price was fair.
Whichever way you cut it, it’s pretty clear the two are somewhat linked imo, really think if lithium aiming for 22 ipo the valuation could be huge and kick both on. I think we’re talking 5x at least for ipo valuation which in turn as you said can add decent slug to cusn valuation.

I know the royalties aren’t huge but the tie up in operations, synergies with processing etc between Cornish lithium and metals is decent.
I do wonder if the recent funding news on Cornish lithium is creating the demand here?
We raised £8.2mn at ipo, they’ve just don’t £18mn privately…
Can’t help but feel both are heavily connected.

Jon for them to delist I believe they still need 75% of the voting capital, so no I cant see them doing that.
Plus why bother? Again if you are getting to 65% just offer 10% a £1. I expect even Dee's group be hard pressed not to accept £1....30p more can be covered from them just selling Znwd stock.

Ethotheipi, think If and that’s a big if it doesn’t get through Mexican anti trust it depends why.
If it doesn’t all those touting kdnc will be concerned and time it’s taken is not positive for kdnc.
I don’t agree with your assessment on one, the vote is above 56% the shares are in escrow. So for that to change means m@g have changed which is a positive!
If doesn’t get through Mexico anti trust reason why does matter.
I still believe Gf want this project online and up and running, and will become a focus. Therefore if it pulled back because didn’t get done that would be well supported in my view (I’m a buyer at 45p for sure!).

On point 2 you can’t just claim a crash every-time!! Numbers matter, 72.2% could revert to a scheme, 70-74% think brings more people to accepting and they get through to private….60-65% which is where “feels” heading as they would have picked up Acceptances during stock weakness.
Then it comes down to Gf, do they really want all the reporting, restriction, U.K. admin of aim and costs that go with it? I’m not convinced.
For the share to go crashing needs someone to short or sell aggressive, 65% liquidity is gone (well 65-gf 29 and mg 14), dangerous short to play…not much free float and some pretty hardcore long term holders here with Dee think big representing 10% ish of that.
I still think Gf and bcn have levers to pull to get this through, if they just ponied up would make it a lot easier for them.
Point 3 re private, they still have reporting requirements, still U.K. based, still have shares but harder to value. I still think Gf don’t want you along for the ride so paying an extra bit to those sat private it’s negligible for them imo.

ZNWD YTD - +63%. 1y return +146%

BCN YTD +4.3%, 1y return +43.5%

Happy to take ZNWD performance, no bid from GF and be part of that red today?!

I do find it unfair that rns on acceptance rates can be stopped when the company has that information passed to them and is clearing using this to “urge” those to accept.
For me it’s material information and should be given to the whole market in appropriate time frame, ie as instant as possible.
If some brokers have closed last night as Dee posted then surely that is market material information that should be shared?

Hargreaves just reopened the ability to accept till 9am friday morning

Convb no offence but you can pull the line “another placing / offering “ coming in 22 for about 95% companies on aim. Hardly makes you a great analyser of the company, it’s just a bit of pedantic statement really isn’t it?!
It’s also a big assumption where it gets done, the take up, new investors, bigger investors, new partners etc.

@matthew sorry the one good thing about this deal is I’m not on here daily!!!

Regarding buying in the open market the moment they make a purchase above their bid price that’s the price they are tied to.
If you mean post the deal my thing would be where does it get them? They buy tiny bit more and go 56% to 57% then have to release a rns as threshold crossed. Rest of us go errr pass your not getting my shares at 67p. I also doubt there would be any liquidity to buy them?
Call it say 40% outstanding of us stubborn holders left aren’t going to sell!
Gf even at 60% become the largest shareholder but the difference is bcn remains its own entity.

Way I’m viewing it is the easiest thing for everyone including us, for Gf or anyone is they offer to retire stock via bcn treasury.
Doesn’t need Gf approval only bcn. There will be no time limits on this or restrictions etc I don’t believe.
Maybe Iv got that wrong but that just seems simplistic way to me.

Also with revised offer how do they do it?
Yes by going back to Gf shareholders one way. Offer a dividend cash payment like znwd linked to deal?
Have to do that at 90%.
The costs must be dragging on with their advisors also here.
In the politest way possible I don’t want any other deal
For those that accepted already. I want a much better deal for Only Those remaining.

Is this just another attempt to pump kdnc?!

Ev There’s a lot of possibilities but then I also the q why isn’t this through Mexico antitrust yet? I doubt taking on more regions and becoming solely dominant in the area helps this?
I would also want to see how the licensing agreements would work away from bcn, kdnc included as I can’t see Mexico doing Gf any favours either?