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You said it yourself, johnpwh, we may not see an offer from Ganfeng until January 2022. Then even if this offer is accepted it could be months afterwards until the cash proceeds are received. Another reason to sell.
All the fuss about this being a UK company.
Long term off-take agreements have tied up future production: 100% of Stage 1 production going to Ganfeng (China) and Hanwa (Japan), 50% each and 75% of Stage 2 production also tied into an off-take agreement, presumably to Ganfeng (China) and Hanwa (Japan) as well. No wonder the UK government has not made a move to prevent Ganfeng’s takeover following an initial flurry of objections and disapproval. All bluff and bluster like Dee12345 and many of his campaign supporters on here. Another reason to sell.
All in all this is undoubtedly a SELL!
Missed opportunity. Someone should have directly asked SOLELY why the BoD stated they were supporting a potential offer of 67.5p from Ganfeng bearing in mind BCN’s value. Nothing about the state of the offer. Nothing else.
Disagree on your prices, Bob. BCN share price fluctuated between 55.5p and 59p in June with a spread ranging from 0.25p to 1p - or thereabouts. Look what happened on similar long drawn-out bid situations. I can see the same prices this month. People get fed up. Some people buy the dips and sell the peaks or buy back a few days before the deadline. Of course the optimists here will say hold, perhaps forever!
Totally agree, Bob. Delusional. These guys keep saying over and over and over again (yawn, yawn) that what the BCN Directors are doing is unfair and criminal et cetera and that they are complaining or going to complain to the FCA and the Takeover Panel and their God probably but Ganfeng and the Directors could not give a damn. And they think we are boring!
So much wishful thinking, blind faith, clutching at straws, unfounded speculation, and blind optimism. Sell now, bank profits and buy back cheaper late this month.
Why not sell now and bank profits then make your money work for you by trading in and out of some other things for a few weeks then buy this back cheaper before the next deadline? Then keep doing that until an offer comes in. You guys know this is going to drag on for months and months and you will not see your cash for a long call long time even if a firm offer is made at the next deadline. You know it makes sense.
Hintza, you must be very naïve if that is what you think. lse's daily Market Report emails highlights many. Or maybe you are just so blinkered that all your pounds, shillings and pence are in BCN. I guess that is the case with many campaign members here.
So should the shameful posts referring to the Chinese as the "chinnese" multiple times. Disrespectful at the very least. By one of your campaign members. I will not say which one because I cannot locate the posts. Oh sorry I forgot you guys can say what you like because you own this board!
I disagree, Bonkers0801, and clearly many shareholders disagree with you too, going by the sells yesterday. There are so many other opportunities to make 10-20% between now and the end of the month. I backed three last week. I reiterate that selling up here and buying back cheaper before the end of the month is the best strategy. Just my opinion but clearly shared by many.
Agreed, mrcautious.
BorderBob, thompson123, a fellow BCN investor emailed me this (and no, she is not a convert to your campaign - she wants to take the 67.5p!): https://www.telegraph.co.uk/business/2021/06/05/high-tech-poldark-digging-lithium-riches-cornwall/?li_source=LI&li_medium=liftigniter-rhr
I will remind your mrcautious that I did not. I do not appreciate being savaged by a Rottweiler for just expressing a view that we should sell and buy back cheaper before the end of the month. Clearly lots of sellers today agree although I appreciate it is often difficult to determine sellers from buyers and vice versa - lse often gets this wrong as do other such apps. Yes, I have a different agenda to some or many but I doubt most investors have the same plans and intentions.
Why are you guys wasting your time writing to the toothless FCA and all and sundry? You have been played by the board and by Ganfeng, sucked in and blown out. Throw in the towel, take your payday and move on.
Ha! You don’t like my tone? That’s ‘the pot calling the kettle black’.
I am not the poster savaging newcomers for saying something controversial or contrarian or that regulars simply do not agree with. This is supposed to be a free chat board where people are free to express their opinions without being put down, savaged by Rottweilers and then filtered out. Check out my first post.
Well said, well said and well said to your three posts, CHRI5P.
Of course you have been savaged by Fozdog the Rottweiler for saying what you said - that is par for the course on here if you say anything the least bit controversial - but at least you have not been filtered yet.
I think the Pollyannas on here are starting to realise that their SaveBCN campaign is doomed to failure.
I noticed the share price dropped towards close today. My opinion is that 57p sell price won’t be available for much longer. Sell tomorrow morning as soon as you get the chance is my view. I can see this dropping back to 54p or even lower, which is about the right level to buy back in at.
I’m suggesting we sell and take profits and buy back before the end of the month, mrcautious. That is not going to happen at the same time so it will go unnoticed. I would have thought the BCN board has better things to do than watch individual buys and sells in BCN.
Why does Fozdog the Rottweiler persist in being so repetitive and boring, trotting out the same stuff and the same questions over and over and over again? Someone tell him to give it a rest please.
Yes, Bob. That grammatical howler is a real bugbear of mine too.
First we see anti-Chinese (or “chinnese”) sentiment on here. And now we see anti-American sentiment directed at you, Bob. What next?