Member Info for johnpwh

Thanks Jam
I cant see how we can be prevented from selling shares we hold unless the shares are suspended - a guiding principle of a market is that all owners of a commodity are equally able to trade/ not trade. So I agree!
GLA

Naïve question, but if I agree to the offer terms in respect of the shares I still own do I still retain the right to sell my shares in the market before the deal is concluded?
Equally, assuming the shares remain trading after the date the vote is taken and date the result announced, what is the position of shares acquired in the market between those dates?

I have sold around 40% to bank a half reasonable return and now unsure about the rest. The completion is not imminent and I don't think anyone here is sure when that completion is likely to be. The questions I am trying to resolve are
1) Given the SP is it worth waiting an unknown number of months with money tied up when I can get virtually all now
2) What is the chance that GF will try to avoid giving the ZNWD shares after months of waiting
3) What is the chance of the scenario of becoming
a) A minority shareholder in a company listed on AIM where GF is the major or (far) worse still
b) A minority shareholder in a private company not listed on any exchange
Since the SP is very nearly the same as the cash element I am not sure the wait for the ZNWD shares is sensible, however not committed yet (though maybe I should be)

Thanks taskmaster, works perfectly

ArielArrow
Are you always simply unpleasant while displaying no worthwhile knowledge whatsoever?
Given me someone to filter anyway. Reason: being pointless and a waste of time

Hi Van
Yes it does thanks, and to be honest I think I read that but had forgotten. Been a bit preoccupied with another company for a couple of months but keeping an eye open here

Sadly cant read it without setting up a subscription

Not sure how that is better Mister E! I'd rather have 7941 in the quarter!
The production guidance for 2021 was 19000 ounces in the year, presumably aided by the plant expansion that was expected to be completed at the start of Q3. That completion seems to be a couple of months behind as Q4 starts next month, but in the grand scheme of things hardly a catastrophe. At the end of the day if the gold isn't processed yet then it hasn't evaporated, its just timing.
I still wonder if there will be more delays at Tavsan, but again as long as it happens all is good, because we may have a long wait for production at Salinbas.
Does anyone know what the mine life at Tavsan is now considered to be? the figures touted around 3 years back was 3 years LOM with 30,000 ouces pa. However it was always implied that this was likely to increase

Mr C, not sure but I think you want it to!!
Not worth getting too stressed here my friend, I think we are past the stage that we can do anything.

Sounds like a good plan . I hold shares through iWeb, will contact them

Thanks Stranger
Do you know what is the default for anyone not casting a vote in respect of their shares - are they deemed to have voted for the offer, against the offer or do such votes end up at the discretion of the BCN Chairman?

Think we are all looking at Asian prices. Is there a good source of information for European prices?
Like everyone else I see a constant rise in Lithium price and a constant drop in Vanadium

Hi Foz, me neither.
Tomcat why are you being so aggressive? This has always been an amicable board, I don't wish to see it change even in these challenging times

Agree Jungle
It's difficult, we have the sale of assets yielding the special divi, but also the transition back to a more exploration based company with increased production stretching out into the the future - the effect of which is difficult to quantify.
You tell me, I freely admit I haven't got a clue!

yes DD, I look every morning and the story is the same. Lithium bounding ahead, Vanadium drip drip down

Thank you Dee for all your efforts.

Mr C
I agree, I didn't much like the apparent lack of shareholding by Secker and his chums, I have no idea what compensation will be given to the Board for the balance of their fixed term contracts, but it is usual in these cases for them to exercise some or all of their Share Options. As I understand the RNS, it is only the independent directors who have not only recommended the offer but have pledged their shares. Of course we expect the remaining directors to also recommend, and if that is the case I would have thought it would only be ethical for any severance (or future employment) to be declared at that point. I wont hold my breath,
As for saying we should have got out earlier, we have made a nice profit on this in recent months though I know there are some early investors who are sitting on a loss here. Genuinely sorry for them, as the company is being undersold in most of our opinions.

Morning Chaps
Funny but discussing the virtues of the deposit at Sonora makes me realise that in my mind I am already halfway through the exit door and losing interest.
Have a good Bank Holiday everyone.

DJ
Nice of you not to point out he obvious error!
For '...within the UK tax year 6th April 2021 - 5th April 2022' please substitute '....within the UK tax year 6th April 2022 - 5th April 2023'.
How on earth did it get to be be 2022 next year? Last thing I remember it was the 1970s, Wings were top of the charts, Saturday Night Fever was on at the local Odeon and I lusted after a Vauxhall Magnum (you may need to google that reference).

Nope, to my knowledge no definite date was put on the third divi, but I suppose the AGM is likely to be around 18th August 2022. I would expect it to be paid within the UK tax year 6th April 2021 - 5th April 2022