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So capital group, BlackRock and kdnc have been selling! No wonder we are down here. Hopefully this turns a corner for us and the sp can start to recover in the lead up to financing.

Great find Moza - Hanwa have got this financing to develop their medium term plan which has three aims - "(1)Steady; Maintain and increase earnings in well-established business, (2) Speedy; Speed up to produce benefits from investments in group companies and strategic investments in Japan and overseas, (3) Strategic; Establish future sources of additional earnings by continuing strategic investments."

Aims 2 and 3 are very much BCN. Looks like finally things are coming together.

Maverick - I read it differently. "At this point we are looking to drill strategic lower risk targets. Assuming positive results, we aim to move quickly to PRODUCTION PLANNING and OPTIMUM ECONOMICS FOR OUR PARTNERSHIP and the people of Guyana." (apologies for capitals, can't go bold).

Eco saying 'production planning', not production hints that we wont be here for the production part. Also 'optimum economics' to me read that total buying our share and possibly some of tullows would be the optimum way forward. Again no discussions on how we might finance or anything, I think the deals done and we're just waiting on drills. The deal was done back when we farmed down the 25% in my opinion.

30% more oil, going to cost that bit more to buy us out. Waiting game.

I actually quite liked when there was only 10 posts a day - unbelievable amount of drivel over the last two days spouted by the herd. Anyway, hope you all enjoy the stop over.

Yeah there’s usually an agreement in places before a formal offer is made. Why bother making a formal offer if it isn’t going to be accepted? It’s the same when you buy a house, lots of informal talks then when it’s agreed you pay a solicitor to make the official offer. Given they have gone to the news with this, it sounds as though it’s pretty far gone. Put it this way if it’s either take our offer or accept there’s then there’s been an ‘offer’.

In fairness I didnt top up at 14p because I felt the company had gone into a state of decline and funding wasnt until q2. I also didnt sell any and havent sold any, but didn't feel it was the right time to add. Todays 'rumour' changes the whole dynamic and has confirmed what I've been saying since our first financing collapsed. A quick fire sale at a decent price is now best value for shareholders and the bod.

Hadn’t seen lower half of article! “He said Southern Copper had not made an offer on the lithium project in Mexico but that “there’s also a Chinese company that’s interested. The Canadians will have to decide whom to accept.” Decide who to accept! That’s fairly conclusive coming from a company ‘spokesman’. They want to buy it but aren’t budging on cost (I know someone else just posted this but I’d like to repeat it as I’ve been invested for four years here and this tastes sweet).

He’s been trying to impress the media I think. I’m fairness to Secker he said in his latest proactive investors interview that there’s been a lot of m&a in lithium and it’s all been at the ‘half billion, billion’ mark. I don’t think if there is a quick fire sale it will be for pennies. These guys would far rather have huge dilution for larger returns down the line. But Southern Copper could still get a bargain here for say £250m. If we financed construction through dilution of say 50%, that 250m is equivalent to 500m to current shareholders and it is now. For Southern Copper it’s 250m plus 450m construction cost, only 700m and in 18 months could be generating 120-150m profit a year. That’s a good return. Everyone wins. Miners have cash and are always looking to use it.

Down 1% today! Outrageous manipulation, I might sell...

ivybush/ observer - I guess what we have to take into account is one of the main reasons we find ourselves at these levels is because kdnc dumped shares into the market when there were no buyers. KDNC caused the fall into the low 20's and then others followed suit to push the sp down.

I can predict what direction a football is going to be kicked quite easily if I'm the one kicking the ball.

It was H2 2021 back in October before financing tactics changed by employing Citigroup in November. Now commissioning is H1 2022 - so shifted 6 months. It's an 18 month construction so always moves back in line with financing.

Peter Secker has always said he wants to go about developing a mine and wants the project to 'speak for itself'. I think this attitude has really come through in their pr. He doesn't want to look like he is getting involved with petty twitter trolls or other low brow websites.

Unfortunately for us, this is aim and the whole thing is about marketing campaigns and timing of RNS's and quashing misinformation. The company has to change strategy as it's killing us.

Knew I should of topped up yesterday. This is being manipulated heavily by shorters taking advantage of kdnc selling. Expect a big movement forward today. Q2 for funding confirmed - should of made this clear in the year end results rather than H1. Perhaps it’s not too far off.

Should the company not be putting out an RNS to respond to the rumours going around? I've seen company announcements on far far less movement. This has to have been manipulated down.

The company can only allot 500m new shares according to the resolution passed in the latest agm. If the 'rumours' are true and there is a sub 12p placing, then that only generates 40m. Quite a bit short of the 220 still required. I couldn't imagine Hanwa/ Blackrock/ M&G allowing this or BCN chosing this option. Probably more likely to let the project sit dormant for a year and try again then.

Really not sure what to make of this. Won't be adding any until news but will be very disapointed if this isn't addressed by Peter Secker.

This is beyond a joke surely? The company has to address the market and give an update.

They won't have short positions, they will be wanting to buy because they know we have major news coming. They try to get a 10/20% cheaper entry with the cronnies in their whatsapp group bashing the share on social media. These guys make so many 'calls' or statements that their right sometimes. They use those few correct calls and highlight them non-stop, while deleting old tweets about wrong calls.

TW is a massive fraud and BrokermanDaniel is wrong all the time.

Anyone who wants to be invested will already be in, probably before the long drop. Any new people will just look at the chart and think it’s a falling knife. Can see why people who haven’t bought in to the story over the last few years aren’t going to change their mind because it’s cheap now. If anything they will feel vindicated for not investing. BCN have a very short time to pull something out the hat. But at these levels, any sort of funding, jv, sell off or anything will only increase the sp dramatically.

Special dividend will still be tax free in ISA. Had them a couple times.

All about when you buy. I’m still up almost 40% at these levels. Feel bad for those who jumped in at plus 100 (ultimately will still be a good investment for them). Early bird catches the worm.