Member Info for KLUCK17

@Mr. james & bluegrass, Well said.
I keep adding also...
Newcomers if you really want to understand this company read the pre re domicile and MD&A releases on SEDAR

Indeed, what's a few months mr.jame You and me have been here for some years now!!

mr.james 1.01m changed hands so far today. Who is selling? PIs that bought much lower and are interested only in short term profit or an II?

Well, I think MT haven't finish selling yet.....

Gangfeng Lithium 17.41%
M&G Investment Funds 15.88%
Robeco 4.92%
Hanwa Co., Ltd 3.73%
Igneous Capital Ltd 2.99%
D&A Income Ltd 1.43%
Other 53.64%

Corporate Presentation February 2021
https://www.bacanoralithium.com/pdfs/Bacanora-Company-Presentation-February-2021.pdf

Mystery solved !!!

Fozdog I can stop wondering who is selling all these shares IIs or RIs?

@tomcat Why do you assume that Ganfeng will increase their holding to 29.99% instead of 28,8% as stated in the RNS 5/2?https://www.lse.co.uk/rns/BCN/further-investment-by-ganfeng-cqbwqziae66pvgo.html
"Bacanora Lithium plc (AIM: BCN), a lithium development company, announces that the Board of directors of its cornerstone investor and offtake partner, Ganfeng Lithium Co., Ltd ("Ganfeng"), has today approved a board resolution to exercise its pre-emptive right and to increase its holding in the Company. Ganfeng will subscribe for a total of 53,333,333 new Ordinary Shares at the Placing Price of 45p per share, representing gross proceeds of approximately US$31 million. Completion of this investment from Ganfeng is conditional upon obtaining certain approvals and consents from authorities in the People's Republic of China. On Completion of their investment, the Company will have 384,144,901 shares in issue and Ganfeng will have an ownership level of 28.88%."
Apparently, the new shares subscribed by Ganfeng have not been allotted as yet since the total shares as at today are only 330,811,568
https://www.lse.co.uk/rns/BCN/admission-and-directors-dealing-3xgp54ois7tatc8.html

$60? is circa Pounds 44M at .45 about 98 M shares
Euro 8M Pounds circa pounds 7.04M at 45 about 16Ms Total new shares about 114MM

Some dilution to finance the project may happen but to a lesser extent now
¨As already noted, their investment further de-risks the Project and reduces the equity demands on Bacanora's own shareholders to fund Phase 1 of the Project."

@mrcautious Well said !

@Malik Indeed it would but will politics and conflicting economic interests allow this to happen? I have serious doubts that Ganfeng will endorse such a move unless they secure a controlling interest in the joint venture.

BCN needed to find another 160M euros to develop the Zinnwald project. Taking into account that the finance for the Sonora project has not been completed i tend to believe that they took the correct decision to off load Zinnwaldite.
Please see the technical report 20/9/2020
https://www.bacanoralithium.com/pdfs/Li-Zinnwald_NI_43-101_update_2020-09-20.pdf

Until PJ & MT finish selling the sp will not recover

@Orion
Are you Black Cat?

We should be receiving 2-3 announcements soon
1 That the exercise of the Sonora options by Ganfeng has been completed and funds received. See RNS 13/11/20
"Completion of the exercise of the Option is conditional on, amongst other matters, completion of the definitive documentation and regulatory approvals. Further announcements will be made in due course."
2. Final Engineering Design Re RNS 30/11/20
" Post period end, GRES completed its concentrator design work and Ganfeng completed its flow sheet design testwork for the production of battery-grade lithium from samples provided by the pilot plant; Ganfeng is now integrating these results into a larger scale design, and remains on schedule to deliver its final engineering packages at the end of Q4 2020."
3.Funding

Best wishes for a Prosperous and a Happy New Year.
Many thanks to those that contributed positively on this board.
LTH our long wait and perseverance/stubbornness is at last being rewarded.

Is today's volume and sp rise due to favourable press article or because the long expected RNA is now imminent?
I want to believe that is the latter .

you are

Thank you. That's what I think too though todays drop was a disappointment.
Glad to hear your feeling better
Best wishes