Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Whats the email address again Dee?
I'll get mine sent over. Just share count and stating a 'no' vote is whats needed is it?
Thanks
Dear Management,
My initial reaction to the proposed offer was very negative. It values the company far below what I, and from what I can gather, many other shareholders see it is worth, substantially.
After having let the news sink in for a few days, my reaction has not changed. I cannot understand the reasoning behind the decision on Bacanoras’ side.
“Ganfeng and Bacanora have agreed an initial form of a firm intention to make an offer”
Can you please provide some reasoning behind this decision?
We have been told several times by our CEO this was not in the plan.
Not that it is, how does management see a fair value of 67.5p per share? Can you please provide some insight?
Personally, I do not see how this drives shareholder value, which is a serious aspect of any public companies’ management.
As things stand, I will be voting against the proposal, should it be formally offered.
I look forward to hearing from you.
Thank you
Jack
Yeah we are lagging behind big time. And its a major issue relating to creating a demand for our shares. Which obviously will increase its price. All things considered we are worth much more than £130m right now. I have faith in the management from an operation standpoint, as I believe most of us do. But I cant understand why they arnt shouting this from the rooftops. All our holdings would be significantly higher if they would. But I guess we'll have to wait a while for the real value to be realised.
For me, its simply a severe lack of promoting the company, combined with being on AIM.
This story is vastly under-promoted compared to others. Listing on a main US stock exchange would be soooo beneficial for current shareholders. Just look at Piedmont and LAC. Even look at EMH, we had a similar SP very recently and they are double us now, and they are only on the OTC market. AIM is holding our SP back. Management is holding our SP back. I think we should be sitting around 300/400m market cap, considering our progress and size/quality of production. Theres no reason why we shouldnt be up around that mark. Anyone else think the same?
17,500 TPA for first 4 years, unless changes are made in the next update.
For our 99.9% grade we should be getting premium prices so who knows what they will be come 2023/2024 - low double digits i think anyway, but I done my cals at $8k per ton when valuating and still making a decent profit
Does anyone have any tips on how to lower capital gains tax?
I dont want to be paying out 30% of profits when its time to cash in
What you hoping for bluegrass.. 50%?
What you thinking bluegrass... 50%?
Where is this news!? Delays forever. I’m itching for a 20% hike lol I guess I’m just getting greedy now
Howard Klein at RK Equity has gievn his estimates at the LAC market cap split. I think he really knows his stuff so I imagine he wouldnt be too far wrong. I'm not sure if Baca will hit the 1bn market cap, now that Ganfeng have 50%. But i think we could well get pretty close. Does anyone think we can pass the 1bn mark? Serious upside either way really.
https://60909e46-79bd-4fe7-9a09-bec8eb48ffa9.filesusr.com/ugd/affbaa_eac92258d8584328ae80b30483221f21.pdf
Personally, I think the Capex will (should) increase.
With all the OEM's wanting hydroxide, and the squeeze starting before 2025, we will need a higher Capex to facilitate this.
However, given our stage 1 off-take is 100% agreed already, they might not do this until closer to stage 2.
Either way, with a long-term view, I think we would benefit massively with the hydroxide option. This will also help to scale up TPA quicker and bring in more revenue than initially anticipated. If they do do this now, hopefully the Ganfeng savings will cover it.
Anyone else on the same page?
Nothing major here but found this as part of a comment from Howard Klein on YouTube, in relation to Thacker Pass..
"I'm more optimistic that Bacanora can pull it off with tier 1 producer Ganfeng, if the Mexican government doesn't nationalize the industry!"
Just nice to hear from an industry expert
"The Group owns ten contiguous mineral concessions in Sonora, Mexico. The Company through its wholly-owned
Mexican subsidiary, MSB, has a 100% interest in two of these concessions: La Ventana and La Ventana 1, covering
1,820 hectares. Of the remaining concessions, five are owned 100% by Mexilit - El Sauz, El Sauz 1, El Sauz 2, Fleur
and Fleur 1 covering 6,334 hectares. Mexilit is owned 70% by the Group and 30% by Cadence Minerals Plc
(“Cadence”) formerly known as Rare Earth Minerals Plc. These seven concessions form the “Sonora Lithium
Project” covered by the technical Feasibility Study released in the prior year."
Thanks Barksy
Does anyone fancy pasting in the main points of that article?
I'm not a subscriber :/
Lithium Americas are now just shy of a $1bn market cap.
After their Argentina project, we should be next into construction.
They will have 2 projects and have the US tailwind behind them albeit, but nice to see the company one step ahead of us doing well. Hopefully signs that we can follow soon!
Yeah for sure, market cap is very low for a project that is very likely to get to production.
On the hydroxide, that was my question at the AGM but he didnt really give the answer i wanted, bit of a waffle answer as usual. In my opinion we need to be looking at producing hydroxide as soon as production starts. Although if we are going to be selling 100% of product into Asia then carbonate wouldnt be the worst.
I just feel there is more value for us all selling hyrdroxide ASAP, given our production timeline.
It's clay in the technical report, no mention of shale.
The guys who know i.e. Bacanora, RK Equity and I'd imagine Ganfeng also, they all call it clay.
I think we are best to listen to them. They have actually been to the site.