Member Info for johnpwh

Personally I think it would be a very bad sign if approval was not given, and would probably bode badly of the future of the project and hence the Share Price. But that's just an opinion.

DJ
I still see this as a safe investment and one that will hopefully grow gradually over time. Can't see myself selling but have no expectation of multibagging any time soon either. I similarly see no prospect of a regular dividend stream due to the reduced share in the JV until maybe we have debt free Tavsan production as well. AAU seem determined to remain on AIM which has inheritance tax advantages (and to a certain extent disadvantages) in the UK.
Sad, but not surprised, to see that my derided comment about the probability of the good news RNS resulting in a SP reduction came true over the week. My comment was based on long term, hard earned experience here rather than negativity!

Hi DJ
Yes, still in here as think AAU may have been oversold recently. Like you I want the divis. Have been more a buyer than a seller recently and do have a reasonable holding though nothing like as many as I once did. I did the maths the other day and found my current shareholding has cost about minus 6 pence per share!
I have been quite invested in Bacanora Lithium which is subject to a pretty mediocre bid by Ganfeng, but which is likely to succeed if the Mexican Government play ball with anti trust (which they aren't at the moment).
Hope you are well

Give it a rest lads. If you don't like what a poster says just filter them

Yes afrc, pleased. They seem logically so undervalued for such quality company

I assume that was aimed at me Capricorn, as was yours in the middle of October.
Tell you what, rather than having a pop at a fellow poster why don't you do some research and make a comment about the company instead, which is something you have never done in your posting history.
I own several million shares so I am very 'invested' here. I am filtering you so please do the same to me.

Seems to have been received well. Mind you, looking at many precedents, a positive RNS is usually followed by an immediate increase in SP in the morning but a close in the red!

Foz
Second that. I come here to get informed opinion from those interested and invested in BCN.

Agree Scotty
I felt very involved here until recently, and frequently posted. But even for the most interested S/H this situation is unfathomable. Nobody knows what is the best course, or how GF and the BCN board will react next. I suspect there are some real pitfalls here but I for one don't know what they are.
There is now sufficient votes (although theoretically these could be withdrawn beneath the 50% necessary) for the offer to become unconditional. The only way that a share snatch by GF and majority control by GF (by any definition) can be avoided is if the permission by Mexico is refused. Now some here may welcome that, but I do not relish that prospect for what it implies about the Mexican governments future influence (or control) of the project.
So to use a cliche - GLA. Because we need it. As Matthew, yourself and jam say, 'Worst takeover', 'farce', 'messy'

Stranger
I didn't say say Tavsan would be in production, I said debt free ie the loan repaid so that there is net positive cashflow from the operation. My understanding was that a full production plant, like Kiziltepe, is not planned from Tavsan. More like initial refining, then followed by a trucking of concentrate to Kiziltepe for final metal production. I seem to remember in a presentation maybe 2 years ago of prototyping this proposal to ensure it is viable. Was that ever done or was it another timeline missed? I'm not having a go, I just take any time estimates here with a generous pinch of salt by adding 50%-100%.

Well the Mexican Government could be a problem but I cant see them p*ssing off the Chinese.
My biggest fear is the 75% - 90% acceptance leading to BCN becoming a Private Company which has no need to be profitable - because it would focus on supplying GF with lithium at break even price. I don't know what the safeguards there are to prevent that.

Hi jam
think I said previously that iWeb said COP 8th

Hi TT
As you will see I have joined your ranks.
If you remember I am a previous investor/ gambler/ fantasist here, I don't remember how long ago. Anyway this is just a small punt on a successful outcome of the litigation, I wont be adding further!

Stranger
As you say not very clear. Do you interpret as reimbursement at cost for exploration undertaken within the licences in ANY event plus a Brucie Bonus under certain conditions - or alternatively nothing at all if exploration proves fruitless?
Not a old mans share. I have long ago got to the point of not believing timescales here, hence the dropping by the BOD of the Gannt chart so beloved of VavVan and myself in presentations. What is the realistic timescale on Tavsan I wonder, they haven't even arranged the finance yet let alone put a shovel in the soil to start building the toilet block. So subdued production at Kiziltepe hopefully expanded by the second mill next year? Debt free Tavsan in 5 years? First production at Salinbas in a decade or so? Same with Venus? As I say, this is a young mans share or one to be included in the Will

P.S. This is the legacy the BCN board of directors have hoisted upon us. And there is no reversing it as its unlikely, in my opinion, that such a dominant position would/ could be challenged by another suitor

QS
Whether you like it or not we don't have the option to plod along without the Chinese. They own half the Sonora resource as a 50% holder of the JV, They have around 28% of the shares in BCN even if they get no more under this offer. So directly or indirectly they control around 63% and are the dominant partners who will hugely influence the future here

I have to say that even to someone who has been engaged throughout this the ins and out of the bid structure/ timetable are likely to obfuscate the situation. Good word huh? Been saving that one.

I know but there has been no revised guidance issued by them. Think you have to remember that for every interested party discussing things forwards, backwards and sideways on this board there are hundreds or thousands of others that don't care as much as we do. They will probably just vote (or not) according to the old timetable

KLUCK
My iWeb communication said that I had till close of pay on Monday 8th November to cast my vote, and if I voted before that I would have until that date to withdraw my acceptance as they wont be submitting the votes until then (ie close of 8th).
I doubt that that there will be much variance in the industry practices regarding nominees, so I suspect that few Pi shares votes are yet submitted. Logically this, and the iis you mentioned, must mean comfortably over 50% will be announced next week.

unvrkw, Trurotrader
Got to hand it to you 2, you certainly take the prize for keeping the faith!
John