Member Info for jam2morrow

keep a close eye on HE1 short term.....if they do drop a good RNS it might get hectic and be difficult to buy.....but could snap up a few of these

@ Bob - If all voting PI's count equal, no matter their holding, then in effect my vote counts the same as Agricore with 8M shares, then I don't see how the deal gets approved. I dunno, maybe Ganfeng think enough have bought in who just want to spin it, but that's a long time to wait for a not very big profit.
I think there may be a few twists and turns before this plays out. For all who don't want to trawl back thru all the 8.3's, here is the relevant phrase in the offer RNS
In particular, Bacanora Shareholders should note that the Offer, if made, would be conditional upon, among other things, the Scheme becoming unconditional and Effective (including its approval by a majority of Scheme Shareholders present and voting (in person or by proxy) representing 75 per cent. or more in the value of the Scheme Shares held by such Scheme Shareholders).

I'm with ii @Rocketship - they will be fine, make sure u are registered for corporate actions and they will notify . Each share = 1 vote. Can't speak for Barclays
Bear in mind that 75% of the total scheme shares must be represented at the ballot for it to progress

They did spend a few days trying to 'fish' out the broken string segment. From what I've read on internet maybe the bit has gotten to hot and fused to the rock ? So perhaps the geology here isn't exactly as they expected. Careful, slow and steady would be my preference......don't rush it guys :)

looks pretty, good but no enthusiasm from the market.......I wonder how much of a drag is down to parent company having a hard time ?

Worth keeping an eye on both.....Bradda Head chairman Ian Stalker...must be the guy at Helium One.
Has to be a chance of VW getting involved with ZIN

Yes, the guys at RK equity who do lots of you-tube stuff talk about : 'clay will have its day.........cracking the clay code' so maybe new processes will come on stream. I personally would take Elons words with a pinch of his own salt.
From what i understand, there would be quite a substantial water requirement here, and I think Elons clay resource is Nevada, so maybe some issues there, maybe not.
The other point to note is that not all the soft rock polylithionites are the same. I think LAC with their thacker pass project are planning to use dilute Sulphuric acid with their process, whereas Sonora won't.
This is why i think G/F want all of this resource; if new processes become feasible then they have the resource already.
Come on G/F put ur hands in ur pockets!! cheap at twice the price !! ....and if it gets voted down you will have to wait a year.....

Canacord, peel hunt, citigroup post , what i think, is the total of their clients trades for the previous day. Yesterday there was a very obvious mis-match on LSE with buys and sells; similar today but lower volume. My take is that buys and sells are pretty even, slightly more buys, and not to take too much notice of what LSE record

25K sold.........2.7M bought..... apparently.
Let's see what canaccord and peel hunt post up tomorrow

BCN share of ZNWD now worth £10M more than when Ganfeng first proposed 67.5p.
Don't know how much cash ZNWD have available, but they might be looking to raise on the back of this recent uptick?

Is it possible that Ganfeng have asked for an extension because they realise it's not going through at 67.5 ?
also noted from their EGM circular that ZNWD is not discussed; only the resource at Sonora
Maybe they meet again and raise their £190M limit or maybe , if they're not interested in ZNWD, they return those shares as a sweetener.
If Lithium prices keep rising then drawing out the process could work in our favour......optimistic maybe, but why not be ?

assuming that Ganfeng shareholding has voted today........
If the same number of shares are represented in the takeover vote as voted today....... then it won't even be considered.....it will be less than the required 75%.
Todays votes , less Ganfeng votes = 131M (from @Tomcat, below)
Total scheme shares = circa 273M
131M as a percentage of 273M = 48% ........ie .....a long way short of 75%
this DOES assume Ganfeng have voted today. If they haven't all bets are off !

Nothing much to report from AGM webcast and the discussion afterwards is not broadcast.
Basically, project on track, some delays and extra measures in place for covid
Question about how stage 2 would be funded - ans: combination of debt and equity
Question about Orr-Ewing case - ans: still awaiting judgement on time limitation

up nearly 20% today.
2 weeks ago BCN had 44% of a £26.6M Mcap = £11.75M
Today BCN have 35.5% of a 50M Mcap = £17.7M
Another easy £6M for Ganfeng ??
I see P Secker got re-elected to the ZNWD board. Ganfeng do not have a board member....... or do they !?

Remember to register for AGM remote access - instructions in AGM RNS and also if you want to submit a question:
Shareholders are requested to submit any questions by e-mail to info@bacanoralithium.com by no later than 2.00pm on 28 June 2021.
Re Zinnwald , if the dilution is less than the value of the new asset and the cash it cost, then yes its a good deal, its subjective of course. The solarworld creditors must have a lot of patience/money to have waited so long; I think 20M euros was the original buyout clause, so ZNWD have got it a bit cheaper.
Remember the rationale for spinning out ZNWD ? - 'so we can concentrate fully on bringing sonorra to production'
What a joke :o(

@bobberoonie BCN have not reduced holding in ZNWD. ZNWD have entered into a deal with the solarworld creditors to buy the other half of the asset. The deal was cash plus 50M shares. The shares were admitted yesterday, i think, so our percentage holding goes down - we've been diluted. Seems like a good deal for ZNWD tho

I'm with ii as well, will be interested in any reply, but I can't see them using a holders voting capacity without instruction ?

Also we have :
D&A income - 4.7M
igneous capital - 7M
credit agricole - 9M
Hanwa - 12.3M
Richard Sneller (don't know who this is) -4.1M
Mark Hohnen - 3M
The other directors hold as well, in total maybe 0.5M
So Total number of scheme shares = 384M minus Ganfengs 111M = 273M
Total number of shares held by institutions/directors = c167M (can only be best guess based on info)
If all those scheme shares vote YES to takeover they will have something like 61% and will go thru.....but.....
They need 205M scheme shares to be represented at the vote to get the 75% turnout requirement.
Far from a done deal IMO

This is pasted from Financial Times today, but there are more, I will add in new post:
Holder Shares % Held
M&G Investment Management Ltd.
AS OF 26 MAY 2021
52.53m 13.67%
Hargreaves Lansdown Stockbrokers Ltd.
AS OF 02 JUN 2021
20.34m 5.30%
Robeco Institutional Asset Management BV
AS OF 08 FEB 2021
16.28m 4.24%
Hargreaves Lansdown Asset Management Ltd.
AS OF 02 JUN 2021
10.60m 2.76%
Henderson Global Investors Ltd.
AS OF 13 MAY 2021
6.92m 1.80%
Northern Trust Global Investments Ltd. (Securities Lending)
AS OF 02 JUN 2021
6.40m 1.67%
Nomura International Plc (Market-Maker)
AS OF 02 JUN 2021
3.84m 1.00%
HSBC Global Asset Management (UK) Ltd.
AS OF 02 JUN 2021
3.59m 0.94%
Jarvis Investment Management Ltd.
AS OF 02 JUN 2021
3.50m 0.91%
KBI Global Investors Ltd.
AS OF 28 FEB 2021
2.63m 0.68%

Ganfeng Lithium Ltd 110,933,697 28.88%
M&G Plc 52,528,941 13.67%
Robeco 16,280,000 4.24%
Hanwa Co Ltd 12,333,761 3.21%
Igneous Capital Limited (1) 6,970,000 1.81%
D&A Income Limited (1) 4,738,010 1.23%
OK these figures are a month or so out of date.....but they've got to get 75% of the scheme shares represented at the vote. Even if all the iis are there/or by proxy AND they vote for, they will still need more PI votes FOR than ALL the ii votes to get it accepted. I don't see it. Getting 75% representation of the scheme shares (excluding GF) at the agm/by proxy is going to be a big ask in the first place