Member Info for KLUCK17

From the extract of the RNS quoted bellow one can infer that GFL are very confident that they will receive the Mexican authority's approval otherwise why urge investors to accept the offer the soonest? In any case, why investors would accept the offer now and render themselves unable to sell if circumstances change or simply, they change their minds and want to be out? Could the announcement be a way of avoiding the weekly reports of acceptance? ("The Panel has further confirmed to Ganfeng that Ganfeng's obligation under Rule 17.1(a)(i) of the Code (to make announcements on every seventh day following Day 21 setting out, among other matters, the number of Bacanora Shares for which acceptances of the Offer have been received) has been suspended until such time as the Mexican Antitrust Clearance Condition is satisfied or waived and the Offer timetable has been resumed.")

"2 Action to be taken
Notwithstanding the suspension of the Offer timetable referred to in this announcement, Bacanora Shareholders who have not yet accepted the Offer are urged to do so as soon as possible in accordance with the following procedures:

· if you hold your Bacanora Shares, or any of them, in certificated form (that is, not in CREST), you should complete and return a Form of Acceptance in relation to such certificated Bacanora Shares as soon as possible; and

· if you hold your Bacanora Shares, or any of them, in uncertificated form (that is, in CREST), you should ensure that an Electronic Acceptance is made by you or on your behalf, and that settlement occurs, in relation to such uncertificated Bacanora Shares as soon as possible."

@jam Totally agreed
@Johnpwh Your Q to tomcat is intriguing. Perhaps a lot of PIs that are in good profit will decide they had enough and move on. Thus, I believe the chances are that the sp will go down than up unless we have a "good" RNS.

@tomcat-14 you must be quite sure that GFL will improve their offer as you are still of the opinion "strong buy".
@mrcautious I am not so sure M&G have accepted. If they did why GFL still refer to a letter of intent?

Due tomorrow. Hope Tomcat is right and they surprise us with an improved offer by way of distribution of the money held in the reserve account.

@usernamebut 1. Agreed this time with MB gone Thor may make the difference. Have you change your username because I have been here since 2013 and can't remember you and your posting history seems to begin on 15/10/2019?

Thus, with M&G shares they only need circa 8% to reach 51%

Do you know any other junior/explorer /miner to have income before the BFS or even the PFS for the mine has been prepared?
I find it amazing and hope our investment in AMAPA will turn out good and reward me for the 8 years I have been invested in REM/KDNC

https://investorintel.com/market-analysis/market-analysis-intel/china-pays-full-value-for-neo-lithium-the-bull-market-has-arrived/
We could be offered a much higher price if our bod did not mess it up. The problem started with their inability to secure a good financing deal. The first attempt they were offered 70p by investors and terminated the public offer saying that it was too little but 2 years later the sell off at 25p to GFL was ok.

Simon Moores tweeted today that lithium price may reach $40K Currently the price is according to his tweet:
"Lithium carbonate price today in China is $28k tonne high end, mid point $24k
This is the top end of what we experienced 4/5 years ago and there’s a long way to go before this price surge runs out of steam … i dont feel we are even half way thru yet"

KM in his last interview reiterated that the deal is "fait accompli".I don't think if he wasn't pretty sure that the deal WILL happen would be so naive to say it again. I added some more believing that the deal will be announced sooner than later.

" Lack of ramping on this board " Most unlikely. If you scan the BB you will soon understand that postings here are scarce and hardly had an impact on the sp in the past. There are many possible reasons. For example
1. Investors from the early days of listing cashing in.
2.The results so far from scout drilling at Troulli not as good as anticipated
3.Problems with the enforcement of the option agreements with Bezant and/ or JLP
In general -and I am not saying this is happening here, -when you have 3 different companies involved in a project info can leak more easily.

Mainly 2 big sells 250K and 875K at 20p

wrong link
https://uk.advfn.com/stock-market/london/bacanora-lithium-BCN/share-news/Weiss-Asset-Management-LP-Form-8-3-Bacanora-Lith/86192410

Question answered by the RNS released since posting
https://www.lse.co.uk/ShareChat.asp?ShareTicker=BCN&share=Bacanora-Lithi&thread=207BAB49-9492-44FB-AB07-1E401A2649F1&reply=true
https://uk.advfn.com/stock-market/london/bacanora-lithium-BCN/share-news/SAND-GROVE-CAPITAL-Form-8-3-BCN-LN/86192278

30-Sep-21 18:30:00 67.568 350,000 Buy* 67.00 68.00 236.49k O
30-Sep-21 18:30:00 67.568 350,000 Buy* 67.00 68.00 236.49k O
30-Sep-21 18:30:00 67.568 350,000 Buy* 67.00 68.00 236.49k O

Who is the buyer? Are they buying to cover short position or somebody is confident that GFL will improve their offer Perhaps GFL is the buyer? How soon do they need to disclose it?

28% and then I think mentions 25% of $3M In any case our payment in shares will be maximum 28% of the $3M

The message bellow which i post circa 9.25 appeared on my screen for a minute or so and then disappeared
"My understanding was that SHs have until the 14th of Nov to accept/reject the offer and thus will not find themselves in a possible awkward situation before that date even if the offer is made unconditional."

My understanding was that SHs have until the 14th of Nov to accept/reject the offer and thus will not find themselves in a possible awkward situation before that date even if the offer is made unconditional.

A very strong advocate of this share suddenly gone quite...no posts since August ...

1:38 53K at 67,74 and 1:51 50K at 67,71