Member Info for KLUCK17

My very thoughts Matthew125. I hope they incentivise us with the distribution of reserves. That IMO will help to conclude the TO bid in no time.

What are the chances of the Mexican FECC to disapprove the deal? A Chinese public company will take over from western public company. I don't see why they will not approve unless they use the opportunity to set conditions that will favour the Mexican Government.

The Megalit concessions were" Approved for title" but have we actually received title by The Ministry of Mining? I

@Ev-Bull Perhaps if you search on SEDAR and read the MD&A reports from2016 you will find what you are looking. A good start is the report end of March 2016

"One very important question to ask is who invited Ganfeng to get involved with Sonora in the first place?"
Peter S & Citygroup.

jam after the findings of lithium they abandoned the borates and wrote it off their books. To be honest I never understood why as at one time they were claiming they had a potential buyer. I can only think that the area where the borates were discovered overlapped with layers of lithium. Was not that area that the COE claimed their 3% royalty?

"Anyone who believed in this investment before the RNS should, in my opinion, continue to do so as nothing has changed." Agreed

IMO the market reacted so because we were expecting the signing of a Joint Venture and not an option for one. Why? Either the exploration results have not been analysed as yet or are not supportive for a joint venture. I believe is the former but CMRS had to make an announcement because the first option had expired.

no problem jimb2,
I believe PS took some very wrong decisions because he was obsessed with the Asian market. Apparently, he built his contacts in China during the period he was CEO of Michelago Ltd., which was integrated with Sino Gold. If I remember correctly, at the time of his appointment as CEO of BCN,a poster doubted his abilities based on PS past performance but I paid no attention to it.

Best of luck

mrcautious ,I must say he is very good at his job and his propagandistic posts subtly and sophisticate.

read my post again and pay attention to the emoji

@jimb2, you draw conclusions in haste. I have been here since 2013 and I bought BCN like many LTHs because of REM. I already have a substantial holding and if this goes to £1 believe me i will do extremely well.

Until today I never thought that GFL will be interested to buy KDNC except our 30% interest in Sonora joint venture. However, after reading the BB today I think there is remote chance that they may want to buy us out. If this is to happen, I expect the share price to remain at these levels (it worked very well with BCN) and Border Bob to keep posting on this board! :)
Observer842 forget your wish for " £1 today,.........." they have outsmarted us once more ;-)

““Right now, lithium demand is growing at three times the speed of lithium supply. That’s a big problem that needs to be solved.”

They keep radio silence. Shouldnt, they inform shareholders of any developments.? We only hear what the offeror has to say.
I find it outrageous. They obviously don't give a damn for shareholders but what is strikes me is that the Take Over panel despite the suspension they allowed GFL to promote acceptances but left it to their discretion the need for regular updates.

@antelope samples have only been sent for analysis the last few days so don't expect anything soon. Best case scenario we get a PEA before the end of the year.

IMO the reaction to the RNS is muted because we still don't have any proper resource estimates to value our sp. How much is our 20% interest worth? Without a DFS or at least a PFS is impossible to attach value for any project.
Yesterday I added a few more as I believe /hope future proven resource will be good but I don't expect anything dramatic in the short term.

tomcat totally agreed. But you are very good with analysis and calculations and seem to have a clear understanding of the market, Do you really think there is a slim chance for GFL not to achieve the 51% milestone? I have no illusions that the bod will change their minds and protect our interests? They have deserted us many moons ago. My only hope is a distribution of the reserves.

Fozdog ,well said. However personally I want to free my capital and thus I am seriously contemplating to accept.
If the Mexican Antitrust Authorities give the green light, then my monies should be in my account before Christmas.
In any case with the %s controlled by IIs who took a long position the chances are that GFL will win this one.
With hind sight I should have sold months ago but now that we are nearing the end game it makes no sense to forfeit the benefit of another 5/s (about).

@mrcautious ...or simply lack of managerial skills.....the fact that they rejected 70p for the finance but accepted 25p is a good indicator of their ability to read the market correctly IMO .