Member Info for Fukurokuju79

I believe they intend to increase production earlier, and Ganfeng will encourage this I expect. I did ask Mr Secker. Think he pretty much said all he could which was 'LETS GET THE FIRST STAGE BUILT AND THEN FUND STAGE 2 OUT OF CASHFLOW'. Sorry I copied and pasted it.
I also asked them about the orr ewing situation, and asked if Ganfeng are aware of this /could it impact the approval. I was advised as follows:
'As previously disclosed. the dispute is before the courts in Alberta and the company can only provide an update as and when there are any developments, but these type of disputes are rarely resolved quickly especially in a jurisdiction with severe backlogs. The company continues to comply with all its relevant disclosure requirements.'

Get a room ;)

Yeah,open pit,see link. Obv not even from all concessions.
http://www.bacanoralithium.com/cms/wp-content/uploads/2019/06/The-BCN-Presentation-June-2019.pdf

Bingo....8.8Mt lithium at Sonora. Of only a bit of it.
Dougal....No value while in ground. Just lol.
All the best in life to you. Chill.

That's fair. I think no one knows exactly how it will work specifically. However its true that the intention is to spinoff the project, and that secker said it would unlock value for BCN shareholders. Also, I assume it will cover off the final purchase of 50% or whatever from solarworld. I believe there will be value to us shareholders from this move, but how much and how would just be guess work.
Also BCN still intend to move to main market after this.

In this case I think they called out the approval timescales. I am open-minded that it may be next week for ratification. I would rather the sp build a higher base price first during this week. Gl.

Splendid.

Thanks. All very active then.

Agree does not appear to be our average PIs on face value. There are more of us in the background though. I have been here a while but haven't posted. GL all.

I cant get a buy quote even for 1k atm.

Pot, kettle and all that chameleon. I see you have a similar issue with someone named Jonners on the other board amd ou react the exact same as those on this board. Somewhat hypocritical but hey.
Its fairly simple, if you want people to listen to a different opinion don't base it on nonsense. Other than that I am personally happy to listen to a reasoned, factual viewpoint.
All the best.

If Trisse is that astute, which may well be the case, I don't think our view that their post was factually wrong and probably purposefully misleading would impact their investment decisions.
Anyway, enough said. Each to their own. I am very confident here so that's the main thing. Happy to hear others opinions provided they evidence some actual truth lol.
Ngt

Ah right haha. Paranoia ;)

Not noticed. Whose/what?

Agreed, they are not looking for a quick buck.

Also re the option for the additional 27.5% thats exactly what I said...project level, at sp at the time.
So you are saying exactly as I said. Or were you simply just being more to the point than my drivel?
I was just giving context...

Tomcat. My point is Ganfeng don't currently magically get given the majority of the earnings at the Sonora project. Which is what Trisse was alluding to..
Ganfeng only paid for 22.5% directly at sonora project level however they slice and dice the subsiduary paperwork.
The 29.99% Strategic Investment was subscribed in return for equity interest in Bacanora.
So currently other than the 22.5% they will gain, alongside all other shareholders, for any earning at Sonora project level. But they will also be looking to increase production, and this is more likely to be swifter with them on board. So I anticipate BCN shareholders will all benefit from the aspirations and capability Ganfeng bring to the table.

Correction *assume you're NOT invested in*

I am totally open to other opinion.

However commenting on the share board of a company that I assume you are invested in, but that sits in the same sector as one you are invested in, and posting non factual negative info does appear pretty low on face value. You would certainly be more mindful of the factual nature of your post if deciding to do so.
Trisse may well have great knowledge and be respected on other boards but I am pretty sure he/she wouldn't have posted here today had we not had a good run lately.
Its effectively an attempt to mislead negatively in this investment and market the one you own for your own self serving gain and IMO its no coincidence. I wouldn't dream of doing the same to your investment, irrespective of why I may have NOT chosen to invest in it.

Ganfeng have nowhere near the current interest you suggest they do in the Sonora project. They became a cornerstone investor and were issued stock, just like we hold, just below the takeover threshold.
At the Sonora project level its only 22.5%! Albeit I agree a very great price. They will have to contribute more money towards the capital costs of this project beyond that initially paid. Also, lets face it, they will push the project output targets to higher levels and thereby our income levels far sooner than bcn would have done on their own. They bring more than just the cash to the table here which you well know.

If Ganfeng decide to take their right and increase the project level investment to 50% within the 24 months . The valuation of any additional investment in the Project Level Company by GFL would be based on the share price of Bacanora at the time of the additional purchase.
So in not so short terms, they hold nowhere near the project level you suggest Trisse, and they will contribute a whole lot more than just at face value. They will ramp this production up no end. We are barely scratching the surface of the resources at Sonora but I think you know all this.
All the best with your investment though. Kind regards.

Agree even if Ganfeng did get a bargain, which they did, this price is still very cheap and totally plenty of substantial return potential for private investors. Besides Ganfeng are a great partner and as it has been said before, they a re committed to funding their share at project level. They are a great partner that seriously derisk this going to production, increasing capacity and reducing capital costs/time. Zinnwald is being spun off to realise additional value to bcn shareholders. Personally, IMO, I think this is a great investment at these levels.