Member Info for johnpwh

mango you are such a cynic. The BOD are primarily charged with looking after shareholders interests, not in feathering their own nests......shame on you for suggesting it!!!!

Squib
Yep, if it goes through without opposition (ie without the terms being improved) you will get 115p cash per share and your holding will be cancelled. MCS will cease as a qu0ted company on the Stock Exchange. You wont get the money for some months as there are various regulatory hoops to jump though including a vote from us, the equity holders. You could sell (or indeed buy more) in the market right now, but you would have to pay dealing fees as usual which you wont if you simply wait for the deal to conclude. As I said in my previous post, its odd that the SP is above 115p right now, if the market was convinced that its a done deal at this offer price then you would expect the SP to be at a small discount to reflect risks/ interest until the payout. I would have expected, say, 112p/113p?

Quite right Mas, there will be no MCS post deal, at least not a quoted one. The board of MCS have rolled over and accepted their pound of gold without a fight apparently, justifiable only if there is something nasty which hasn't been announced - and if you believe that then you should dump in the market because due diligence will flush it out before the deal is finalised. The SP was over 150p earlier this year and pretty much throughout the whole of 2019, despite the leasehold model scare. Property prices still high, the population is still aging, so the model very much intact with no real competitors in the UK. Leasehold issue now sorted and the deal with Anchor Hanover announced recently. This seems anecdotally a low offer and the BOD is welcoming with open arms? Cant say I am impressed . I note the SP is, as i write at least, steady at a premium over the cash offer price which will take months to receive - what is that telling us?

As an ex long term investor with a significant stake (George Ogilvie then Norman era) who sold out a few years back now I think I will continue to wait and see. The refinancing is likely to be hugely dilutive and will lead to a dramatic consolidation - 100 to 1, 200 to 1? More? Certain fact is that the person dictating the terms of the placing will look after themselves and the PIs will be given no consideration. It happens time and time again, especially on AIM.
With a large rise in copper price this may become viable one day, but it hasn't yet. To the best of my knowledge it has never approached break even, it is operating in a high cost jurisdiction.
I'm not deramping, I don't do that. Just saying wake up and smell the coffee before you pour more and more of your hard earned in here expecting this mythical 'bounce' that may well not happen. Be objective. GLA

Come on everyone, the SP is going up, lets have some views!

I think by FTSE main market the implication is non AIM rather than specifically the FTSE100, FTSE250 or FTSE350. I think membership of those is determined by market cap (but with a bit of fuzzing around the edges so they don't keep bobbling in and out every quarter). So to be in the main market means a higher profile, maybe more exposure to certain types of Institutional Investment, but higher fees/costs and greater regulatory requirements. Plus I think for buyers the need to pay stamp duty.

Lets just hope this isn't another tree shake by the city boys

A logical worry by Bull but I agree with you 'r'. Ganfeng wont invest many millions to supress production and aid its competitors just as much as it does itself.

I have an investment in here, not huge but not small either! i wish you well with your holding, just don't get carried away

Hi Bull. My take is that there are big questions still unanswered, so restraining the SP.
Will Ganfeng use their undoubted muscle to gain effective control of the deposit? It would be surprising if they didn't, if you are in a powerful position then you don't squander it. Is that a good or bad thing for BCN shareholders? Well, bad in that we lose control but good as (provided lithium demand/price behaves itself) the Ganfeng involvement will pretty much guarantee success and alleviate the funding cost problem for the mine.

Then you can walk in the pub Christmas morning (if Boris allows it) and your mates can ask 'who the **** are Ariana?'

Ok, wasn't aware that there would be an RNS from BCN about Ganfeng increasing its interest in Sonora Lithium Ltd as its a Private Company. I thought there would only be a TR1 RNS about altering their BCN holding from the current 25% ish, which I'm not aware is expected.

We'll end up back where we were at this rate. That worries me as it gives Ganfeng the opportunity to acquire a 50% holding in Sonora based on a low BCN SP.

Any ideas about the rise in SP this morning or is it the lads with red braces playing games? Have seen these leaps (and fall backs) frequently recently

Don't know what to make of this. I cant imagine there is much of a pent up demand for branded clothing apart from a handful of enthusiastic shareholders. Rolling Stones yes, Ariana probably not. Sounds a bit political to me.

Glad he has no regrets! He led AM into some bad places with all that name exploitation that if anything devalues the brand. I am a shareholder here, but only after he went, I wouldn't have considered it while he was at the helm.

No you cant go just on revenue, you have fixed costs as well as variable plus it depends on whether you are confident that it will return to being a viable business before the cash runs out. And that depends on the virus and Governments policy to contain it and that is unknown. Trouble here is not only when will Covid itself abate but just how long if ever it will be before normal business returns. Like people working in offices, and hence office space demand, will large exhibitions ever be deemed necessary again? Just how much has the world changed? I used to invest here years ago when it was ITE and was a good investment for me. Hence I keep watch. But with the state of the world at the moment I will be keeping my powder dry as I'm not convinced this is anywhere near the bottom yet.

Dee
Think that pretty much sums all of us up.
Tell you what ...... my guess is 0 <= Share Price <= 200!

I agree Jim, although I fear the behaviour of our Chinese partners I suspect they may be an asset if nationalisation was threatened. Arguably the UK is no longer influential on the world stage, but the Chinese are.
It seems clear that the current Mexican administration will be supportive. Trouble is that, for most democracies, the current incumbents are likely to be threatened on re-election because of their perceived inadequate response to Covid (New Zealand excepted because they were deemed to have succeeded). So if the Mexican regime were to change then the opposition may well get their way?

Not sure Dee, with or without fingers crossed?