Member Info for KLUCK17

Indeed, John Excellent choice of word. Mind you I had to search the internet for the meaning :)

Bearing in mind the long positions of the IIs and the % they now control I sadly believe this as " compli de fait"

Sand Grove 2.26%
Weiss Asset Mng 4.11%
Buyer of the shares held by Societe Generale 1.32%
Acceptances as at 28/10 42.8% (including GFLs holding)

@tomcat Thank you

If The Mexican Antitrust Committe gives their ok to GFL and they get enough acceptances for their offer, when shareholders are expected to receive their money?

@Mrsbu As per Jam & EV
Good Luck

As per today's RNS sold:5.1M at 67.75 yesterday. I guess we will have another RNS from the buyer soon

Purchase/sale Number of securities Price per unit
security GBP
Ordinary Purchase - -
----------------- --------------------- ---------------
Ordinary Sale 2,054,000 0.6775
----------------- --------------------- ---------------
Ordinary Sale 3,045,859 0.6775
----------------- --------------------- ---------------
Total Purchases -
----------------- --------------------- ---------------
Total Sales 5,099,859
------------------------------------- --------------------

So far volume & price indicate IMO either:
(1) reluctance from shareholders to sell expecting higher prices or
(2) high acceptance level since once you accept you can no longer sell in the open market

If indeed is another buying spree, what do you think the buyers are expecting ...?

I don't think so Mathew. If you look at the volume of that trade it's obvious, I believe that somebody who wanted to sell tried to create a momentum...

tomcat thank you for the info but can you elaborate as I find it hard to assimilate it?

EV Metals Group Plc 10,000,000 18.6%
Pm Ploutonic Metals Ltd. 6,422,007 12.0%
Harold Andrew Daniels 4,490,550 8.36%
Pierre Jules Richard 3,689,000 6.87%
Wentworth Ltd. (United Kingdom) 2,333,332 4.34%
Michael Stephen Johnson 1,990,001 3.71%
Stephen Catterson 1,000,000 1.86%
Martyn John Churchouse 850,000 1.58%

Harold Andrew Daniels is director of PM Ploutonic Metals ltd & thus he controls directly and indirectly 20,36% of CMRS share capital.

Weiss Asset Management LP: 14,409,142 s 3.75%
Sand Grove Capital : 8,281,500 2.16%
They are taking a long position. .....

John,
Thank you for your clarifications. Basically, we agree.
Best of luck

mrcautious I find it hard to believe that GFL made the offer without probing the Mexican authorities first.
Yes, john why do you think we will lose everything if the deal is withdrawn?

It seems M& G have accepted

as per RNS
"Notwithstanding the Timetable Suspension, in accordance with Rule 17 of the Code, Ganfeng is today providing an update on the level of acceptances received under the Offer. As at 4.00 p.m. on 27 October 2021, Ganfeng had received valid acceptances of the Offer in respect of a total of 53,652,640 Bacanora Shares representing approximately 14.0 per cent. of Bacanora's issued ordinary share capital, which Ganfeng may count towards the satisfaction of the Acceptance Condition. So far as Ganfeng is aware, none of these acceptances has been received from persons acting in concert with Ganfeng.

In addition, Ganfeng holds 110,933,697 Bacanora Shares, representing approximately 28.9 per cent. of Bacanora's issued ordinary share capital.

Accordingly, as at 4.00 p.m. on 27 October 2021, Ganfeng holds, or has received valid acceptances in respect of, a total of 164,586,337 Bacanora Shares (representing 42.8 per cent. in aggregate of Bacanora's issued ordinary share capital), which Ganfeng may count towards the satisfaction of the Acceptance Condition|"

I am invested here and certainly I want the share to fly. However, let's keep our feet on the ground. There are, many milestones before extraction begins and money start flowing into the coffins of CMRS and its shareholders: Analyse and standardise samples, environmental issues to satisfy and mining licences to be obtained, just to mention a few

With hindsight i wish I sold all my shares at the early days of the announcement of the TO. I reinvested a small portion I sold in another stock and I am doing very well but more importantly the prospects for further growth are good.

Already 755K !!!

Last Friday I bought my first tranche of shares before JORC results and decision on the Anglisides mining licence application.