Member Info for KLUCK17

EV-Bull Thank you for your reply.

I intent to change my broker. Does somebody trade with one of the above brokers and if so, would you recommend them?

Thank you

@bluegrass The RK finance is no longer available. Apparently, the bod believe that the bid of GF will be successful and there will be no need for the facility. See RNS 7300c dd 22/6/21
https://www.lse.co.uk/rns/BCN/update-on-zinnwald-lithium-sonora-debt-facility-5teq2ouqtug5ahe.html
".......Debt facility

As announced by the Company on 2 February 2021, recognising the passage of time from the initial US$150 million debt facility agreement with RK Mine Finance ("RK"), Bacanora and RK signed a non-binding indicative term sheet to amend certain terms. The Company and RK have been in discussions for a number of months with a view to agreeing legally binding terms and documentation. The first tranche of the RK debt facility, US$25 million, was drawn down in July 2018 and Bacanora will maintain this first tranche in accordance with the existing terms of the debt facility. However, due to extension fee considerations and the limited availability period for an extension post the expiry date of 18 June 2021, the Company and RK have agreed that the remaining undrawn facility, amounting to US$125 million, will no longer be available for draw down. The Company will continue to engage with RK as well as seek alternative terms with other debt providers in light of the current favourable debt market conditions.

With an aggregated cash balance of US$161 million as at 31 May 2021 (including cash of US$30 million in Sonora Lithium Ltd), the Company has sufficient funds to support the short-term funding requirements and the ongoing construction program for the next 18 months. The existing cash balance will cover a significant portion of the capital cost requirements for the Company's 50% share of the Project."

@mrcautious
Yes 16% upside...and an annual return of over 30% if the deal is successful and shareholders get their money by say 31/12/2021

@ Dee
In my opinion the continuous extensions are a form of share manipulation and a subtle blackmail to investors to sell or remain trapped in this share for an unforeseeable time. I believe we should report the matter -if not already done so- to the appropriate authorities.

All my searches failed to spot an RNS as yet I hope this is sign that GF will not seek a new extension but instead come forward with a definite and improved offer

Thank you, Ian,

Your last post was here on 4/6/2021. I hope all is well and you are in good health.

Best wishes

https://www.benchmarkminerals.com/membership/rio-tinto-commits-2-4bn-to-arrive-at-lithiums-main-stage/

Our BOD gave too much emphasis on the Asian market and failed to convince players like RT of the economic value and potential of our li deposits at Sonora.

Thank you for sharing your findings and valuable info.

The exacerbation of COVID-19 pushed many stocks in the red. Perhaps it's better not to have the long awaited RNS until market conditions improve, hopefully in a few days.

Exactly. GF hold all the winning cards The fact that their direct holding is 28.88% does not leave much room for a successful counter bid.

@Malik I hate it when people give advice like you do pretending to be good Christians but the only thing, they care it's to promote their own interests. Rest assured that we know exactly what to do with our money and we do not need your ramping advice.

The story gets better
https://www.wsj.com/articles/united-and-mesa-to-buy-electric-planes-for-short-trips-11626174001

Has vanished from my screen.....

Good morning MJFMSG Apparently it has been delayed ....
I have been waiting since 2013 what are a few days week more except from frustrating? ;)

Dee thank you for your tireless efforts. The board and GF are playing dirty. I hope -wishful thinking! ;)- a new suitor with deep pockets makes a better offer and spoil their game.

@MLQ I love it

I instructed my broker to vote NO to rs 3,6,7,8&9. They confmirmed necessary done.

https://investorintel.com/markets/technology-metals/technology-metals-intel/why-lithium-and-rare-earths-are-truly-a-bull-market-and-the-ev-transition-is-just-bull/?utm_source=rss&utm_medium=rss&utm_campaign=why-lithium-and-rare-earths-are-truly-a-bull-market-and-the-ev-transition-is-just-bull