Member Info for KLUCK17

Indeed, you did addicknt. Hope you are doing well with your other invstments

once more same price for purchases/sales and equal volume....

Thank you for your posts Fozdog ,totally agreed. What I am not quite sure is if GL manage to go above 30% and it triggers a mandatory bid what is the higher price they need to offer? If is the highest market price of the last 12 months, then it will be 68p. Could they in theory and I repeat the word theory agree with an II to buy the circa 2% they need at or less then 68p. ?

Keep increasing. Buying for whom......? Could their holding be the catalyst for the TO?

It is strange but likely for the same reason they choose not to increase their holding to 19.9% or maintain their 10% stake. they also had the option to increase the off-take tonnage by up to 100% at Stage 2 production
see RNS 10/4/2017
"· Milestone Off-take Agreement for up to 100% of Li2CO3 produced at Sonora:

o Hanwa to purchase 70-100% of lithium carbonate produced during Stage 1

o Tonnage based contract for battery grade lithium carbonate at market pricing, with final pricing to be finalised prior to commencement of production

o Option to increase the off-take tonnage by up to 100% at Stage 2 production



· Company-level investment demonstrates Hanwa's commitment to Bacanora and represents the entry of a new long term, supportive investor to the register:

o Hanwa to acquire an initial 10% interest in Bacanora, raising approximately £10,175,000 (approximately C$16,896,000) in proceeds to the Company via the placement of 12,333,261 shares at a price of 82.5 pence (approximately C$1.37) per share (the "Placing")

o Hanwa is entitled to present a nominee for election to the board of directors of Bacanora and has a pre-emptive right to maintain its 10% equity interest

o Hanwa shall have an option to increase its equity interest in Bacanora to 19.9%.



· The Agreement provides a funding platform for the Project - Hanwa represents a cornerstone investor and will aid in the procurement of long term project debt funding



· Validates the quality of the battery grade (+99.5%) lithium carbonate product and Bacanora's production process

o Hanwa has received numerous samples of the Company's battery grade product and has distributed samples to a number of their customers"

For the benefit of those who are unfamiliar with the GIGANTIC lithium reserves at Sonora and may be influenced by a certain troll a glance at Bacanora's web site will help. See tables 2-4
https://www.bacanoralithium.com/projects/sonora-lithium/
PS It's also the cheapest to extract

According to RNS dated 28/5/20 Gl would deliver the EPC by end of Q 4 2020. To the best of my knowledge this has not been made public as yet. If this is so, was it purposefully delayed until the placing and the TO offer were completed in order to hide a more positive picture from investors?

"As a result of the return to work in China in late April 2020, the Ganfeng lithium test plant and project team resumed work on the Sonora flow sheet optimisation and process engineering. Whilst some weeks of engineering were lost, completion of the flow sheet engineering is still scheduled for Q3 2020 after which Ganfeng will provide Bacanora with an Engineering, Procurement and Construction ("EPC") style engineering proposal to produce downstream battery grade lithium products from Sonora. This timetable remains under regular review but is now scheduled for end of Q4 2020, subject to Ganfeng receiving all required equipment and engineering proposals from its equipment suppliers."

"Bacanora Independent Directors"

all the directors of Bacanora other than Xiaoshen Wang

RNS 6/5/2021 Appendix

Is really PS who call the shots or he is the muppet of Citigroup and Ganfeng?

@Bannor As usually, well said.

I hope so James. Bought my first lot of shares in 2014 and increased my holding since to 6 figures. I was determined to wait until production for a fantastic return but the BOD clipped that prospective. Well look at the bright side I will still make a better return than if the money was sitting in the bank

I don't think Mark Hohnen will be happy with this development. His direct holding is 3,012,547 about 1.5 million got it for free but paid above 70 p for rest. His buys inspired me to increase my holding at the time.
https://www.lse.co.uk/DirectorsDeals.asp?shareprice=BCN&share=Bacanora-Lithi

Somebody was very eager to buy. Paid full ask price 44p and bought 170,799 shares valued 75.15K.
Hope for some news soon.

Though in their presentations still talk of 17500t/a -If I am not mistaken- PS said in one of his interviews that the production in 2023 will be 20Kt/a

Good morning addikcnt. Nice to see you are posting here again. I am still invested with an increased holding but I am loosing patience. I find it hard to comprehend that shares like EMH and even ZNWD have multi-bagged and BCN's share price who is now fully funded and with offtake agreements in place is stagnant.

@gkb47 Totally agreed but I hope he is verified and I recover my huge loses here and to be fair somebody can and must change his/her opinion if the underlying facts change
By the way Orion writes on Hot Copper BB also, as Black Cat

https://find-and-update.company-information.service.gov.uk/company/11349694/filing-history

https://find-and-update.company-information.service.gov.uk/company/11349694/filing-history

r7632 hard to understand why they recommend companies that they have only published a PEA and are many years away from production, open to share dilution from necessary future capital raise and ignore BCN which is fully funded, started construction of the mine, has offtake agreements in place and only 2 years away from production...

The period before the de listing from TSX Canada and admission to AIM. A good starting point would be the announcement dated 20/2/2018. Modify your search dates and you will see many more.
Best of luck.