Member Info for nomadicinvestor

It’s difficult to understand how over the last two trading days there has been £1m in buys reported after hours yet the sp is the same. That’s a hefty order getting filled by no ordinary investor.

Over £550k trades going through from yesterday.

The divi announcement through RNS channels only states in Q1 and through the presentations Majid said "hope to be announced in Jan, or shortly thereafter". So w/c 8th Feb is my target, after that I will consider the news late.

Posted this over on KDNC board, thought I would copy here to see if anyone else can shed light (similar to a question I raised last week)...

I read through BCN's admission document last night (how fun) and the detail is there for the joint venture agreement or the "REM agreement 1 and REM agreement 2". It does appear there is a clause, that if Mexalit (BCN 70% KDNC 30%) makes a call for money from shareholders and neither BCN or KDNC pay their way, they will forfeit an appropriate amount of ownership. Perhaps BCN is hoping KDNC do not pay their full way. From what I understand, nothing is being spoken of with regarding the current funding but we know the site and license for Stage 1 is in 100% BCN and Ganfeng's territory. So will it be the Stage 2 construction budget KDNC will need to contribute towards? I would like to get answers from the BCN or KDNC board on the exact nature of the relationship. It has a very material effect to both companies. It can not simply be KDNC have a free carry through construction but pay a production fee (as suggested on these boards).

Does anyone know best place to contact? I've sent emails to BCN before without response and asking for fairly unassuming information.

I read through BCN's admission document last night (how fun) and the detail is there for the joint venture agreement or the "REM agreement 1 and REM agreement 2". It does appear there is a clause, that if Mexalit (BCN 70% KDNC 30%) makes a call for money from shareholders and neither BCN or KDNC pay their way, they will forfeit an appropriate amount of ownership based on how little is paid. Perhaps BCN is hoping KDNC do not pay their full way. From what I understand, nothing is being spoken of with regarding the current funding but we know the site and license for Stage 1 is in 100% BCN and Ganfeng's territory. So will it be the Stage 2 construction budget KDNC will need to contribute towards? I would like to get answers from the BCN or KDNC board on the exact nature of the relationship. It has a very material effect to both companies.

Not wanting to complain as we have a a slow steady rise from October and quite a sharp rise over the last two weeks. BUT I do find intraday pricing here odd, almost without fail it peaks midday before cooling off in the afternoon. It means each morning is started by recovering the previous days lost gains. Again, sp is heading in the right direction so no real issue (other than I think we should be above 10p now) but consistent repeating patterns in pricing always catch my eye. It’s been happening for months here.

For anyone wondering if BCN will be valued at a billion pound anytime, you just have to look at Ganfeng. They have a mcap of 150 billion and they see Sonora as a world class asset that has a key strategic role in their company. I’m sure that will see Sonora account for more than 1% of their value.

Thanks for the reply Bannor, that sort of arrangement would make sense. I agree, it must be in everyone's interest to agree a buyout of the outstanding 30%. No doubt happen prior to mining that licence in stage 02.

I'm a BCN holder (was once in REM) and trying to figure out KDNC's current relationship to Sonora. I know the history but I don't see how KDNC can retain their full % without contributing to the cost of the Stage 01 mine construction? Surely Peter Secker didn't sign away a free carry on 30%. As far as I am aware KDNC are not part of the current ongoing funding mix. Is it only when Mexilit is developed/mined that KDNC will have to contribute? I feel like neither board is being transparent on the relationship.

I would hope i3e keep 50% of Serenity and a free carry on the first drilling program. Probably more likely to receive a small sum upfront (£10m?), keep 30% and a free carry for 3 - 4 wells. Upfront money could be used very well in Canada so perhaps a favourable option for the board.

I said the exact same thing before Christmas and it shot up on the same day!

Noticed the sp has hit the 65p mark six times in the last week. Historically that was the floor and interesting it will take a little push to break through.

If the company is about to pay out a substantial sum in form of a dividend, it is only fair the staff receive the shares they were promised as part of the deal. There is no additional shares or dilutionby this. Totally normal procedure and positive sign things are being tied up at company level.

At current oil and gas prices, I3e are printing money. If I was the board and in a semi publicity stunt, I’d give a 20% divi. Put I3e top of the divi board and then keep them there.

I do hope BCN have cut ties to KDNC also. Lenigas factor has seen BCN struggle to be taken seriously. Only now managing to shake those links. It seems that most people are confused at the current situation and it should be cleared up. It will form a large part of what happens (ownership wise) in 5/10 years.

Would be interesting to know what KDNC’s involvement, if any, is now. Surely if KDNC do not contribute to the fundraising then they will be forfeiting their share? Be very surprised if they have a free carry through the project. It’s never really discussed. I used to be a REM shareholder for a couple months but very very quickly moved it all into BCN. Think REM was at around the £1 mark back then.

Does anyone know the current situation?

If it is confirmed that Sonora will produce 50k in Stage 2, then one billion mcap is easily achievable. There’s so few lithium pure plays and it is going to become more and more essential. I can really see BCN being a FTSE 250 mainstay very soon. Banks are all looking to diversify into green investments and green energy.

A few posts (including mine) reference a January announcement for divi but just to clarify after re-watching the Proactive q&a, the divi will "hope to be announced in Jan, or shortly thereafter". So may well drift into Feb given the current climate everything is slower.

The valuation is beyond madness at the moment.

Watched the proactive presentation again and something I hadn't picked up before but thought was interesting is that Gain developed their sites on the assumption of being a 30k bopd producer. So the infrastructure is in place to triple production and it is the boards intention to do that looking further ahead. Gives a good idea where we may be in a couple years.