Member Info for Fozdog

Think the drop is bcn holders selling but also when this was first announced everyone on here said about “ganfeng” being a great thing and their partner.

Malik and I had a tet a tet here and I said they will get rid of znwd….exactly as expected. Doenst make znwd undervalued! Nice kicker to get some more znwd in.

Dee M&g need reminding of their “undervalued U.K. companies” comment, bit weak from them

As they say on tv … it’s a no from me

Hard to disagree bonkers, my only q would be what does the royalty thing actually mean to ganfeng? Do they need another 4 weeks to let bcn appeal?
Do they need another 4 weeks to negotiate with the estate and get it cleared off?
Other than that struggle to see any other rational. Small hope this ruling allows us to get an extension but with more information This time?

I really don’t get why everyone is going on about Afghanistan?
What just because they said there “could” be $1trn resources out there? So what it’s hardly a regime you want to put money into!!

John here’s a few qs for you… let’s say there’s no bid and it drops to 50…do you buy more?
And if you still believe in the bid at 55p….time to buy more now is it not?
I can’t do either but know which way I’d lean!

Hi John, IMO there’s no way we are taking reduced bid or not getting to bid. I believe it’ll be just something ganfeng will want to iron out and clear up that’s all.

Nothing has changed IMO all that has is increased likelihood they extend.
Remember also this was in all the forecasts etc so it’s not like in any share undertaking by gangfeng didn’t know this was there. They clearly did.

However as said when becoming sole owner the last thing they need is overseas courts ruling on anything company related.

For me this is just stay the course and wait as per last 3 months!

Have to follow on from that as Iv moaned a lot also…but clearly due diligence can’t be done till this is or was resolved. Anyone advising ganfeng would have told them to wait on this.
Therefore I take back everything I said about delays and delays being ridiculous when this was in the background.
And Yes before someone says …I agree gangfeng still bought into bcn previously, but owning 100% and having this as sole responsibility v large shareholder is very diff….it prob doesn’t stop them but they won’t want some royalty paid out on their work so will want this gone imo.

John my take would be that gangfeng were waiting for a resolution to this and then how it impacts outcome of the bid.
My best assumption would gangfeng would needn’t want to dissolve the royalties somehow.
There’s clearly a lot more going on behind scenes. Even if our board is inept doesn’t mean ganfeng are or those advising them.
As tempting a Bloody Mary is for breakfast, Iv managed to leave bcn to the side and not worry on it till I have to!!!
But as you said extension based on this seems likely Imo and it can be justified to give one.

Also this could be the reason for the delays. In fact highly likely.

Giving up 3% royalties a good thing? Not sure I’m on that page.
It’s not about making the Chinese think twice the best scenario was the formal bid and then getting rejected from shareholders.

My gut feeling is we are very close to getting something and will do anytime from now...

Logically I think we get another small extension, I don't think they can justify another full month to the panel. I would like to think we get something ahead of Aug 26th but this BOD....

I would argue there has been a significant change in Li prices in the last 3 months and material news around climate change. Whilst this isn't directly related to BCN RNS it is imperative to our business and the BOD have to tread a very careful line here between acting in shareholders interests and this bid. Hence I struggle to see another extension bar a technical one if they state its just due to documentation for eg.

Therefore I do think this is final hurdle but whatever as John said zzzzzz and im ignoring it.

Twohits why did you have to use the England shirt analogy?!
England shirt means complete overhype on silly excitement, ramp to silly levels and then end with nothing but huge disappointment!!

agree with John and bluegrass, a defeated bid is not seeing the SP retrace to 50p imo.
A pulling out of bidding with limited comments would possibly drag it back to 50p but I just cant see that.
Don't disagree jam re panel when both parties have effectively agree but they wont allow for extensions forever with out a legit reason regardless bod intentions.
They are still a regulatory body and cannot be seen to allow this to happen given the BOD is still that - a BOD not the shareholders.

Hi John, think that's what sums it up....the more underpriced this looks the more will look at it once deal on table....

MrC I’d personally filter people that have an alternative motive, clearly wind you up and offer nothing.

What do you actually benefit from having bb posts?
I re-filtered him after giving him small chance.
Literally couldn’t care less if he found the next Amazon or found the best article in the world ever written on bcn.

We’ve made our investment decisions.

When your govt wants to spend 1.4trn by 2050 and the UN are about to announce a “landmark” climate findings, that will say how little we’re doing and that can’t wait till 2050….it’s all heading one way.
Ganfeng have just spent $1.3bn on two new battery making plants, tend to need them when this amount of lithium is being shipped in!

I can’t, won’t and have no interest in selling when awaiting resolution and where see lot more upside than 16%.
So good luck to those that do but don’t need to hear your tips on here.

BORDER BOB READ AND LEARN THINGS: YOU LITERALLY HAVE NO CLUE

2020 - Chinese investors have abandoned an attempt to seize control of a British technology star after a furious backlash in Westminster.

A board meeting at Apple iphone chip maker Imagination Technologies would have seen China Reform parachute in four directors yesterday – effectively giving it power over the business.

2017 - CAYMAN ISLAND BASED
But it was cancelled after senior MPs called on ministers to intervene. China Reform is the biggest investor in Cayman Islands-based Canyon Bridge, which bought Imagination for £550million in 2017 despite fears that the deal handed too much power to the Chinese.

Border bob - Did you work on the transaction? Do you know the details?
Do you know the difference between a PE company 'ultimately owned' by Chinese govt but wasn't listed there?
In fact do you know anything but google/wikepedia?
Do you understand the difference between an agreement and final transaction?
Do you know how long it took from approval to completion?????
Do you know the financing of the deal? Do you understand the difference between PE and a company buying?
Do you understand the difference between 2017 and 2021?

In fact do you know anything useful at all?
I trust the view of people in M&A that have specifically told me how it is with Chinese companies & worked on specific deals involving Chinese companies.

Iv wasted my time on you again!! Back on the gutter list for you.

John/Dee/MrC ultimately we are all in same boat, all of the same view.

As Dee said removing BOD is very difficult. Let them play their hand, if they vote for the deal and don't even mention the increased value in ZNWD for eg then we have a true case of not acting in shareholders interest.
Once a deal is on the table then M&G might be a lot more forthcoming for eg. If they have faith they can block this with PI's then we see if they are true to their words on undervalued UK companies.

I sadly was logged out and saw a post from BorderBob, another company is called imagination technologies - 2017 if you want a sense of how long and how difficult it can be with Chinese companies. Ill give you a chance on being unfiltered, let's see. That other poster tree something that imo, was a clear short manipulator will remain blocked.

They also remained way below the bid price because of the concerns about a Chinese company taking over. Appreciate it's chip technology.....Remember in Dec last year we had the act passed regarding national security companies etc would have prob applied to imagination.
Whilst that is 99% unlikely to apply to BCN as its more strategic asset, market is still pricing UK company v Chinese takeover.

I remain totally relaxed and see the upside.

Mr C you can report it and I always recommend doing so, but ultimately it's just your view point rather than something substantiated. Again not saying I disagree it...!

Im more intrigued if you can mobilize the ability to oust the BOD or achieve a no confidence vote once the deal is on table and this is assuming they recommend it?

Can you do that? Otherwise like me we end up being moaners on a message board.
Dee has actually done a lot of work on behalf PI's who aren't exactly going to reward him!

I tried contacting HF's like Engine one that have managed to get 2 climate activist on the Exxon board. They did that with 5%, if Dee has PI's at 9% why is the above not achievable?

I also had a lovely vision that they would go to Exxon this is the type of project we should step in on given how much renewable change we need....!

We need this offer firm and we need the BOD to opine.