Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
At least four or five SaveBCN campaign supporters here have expressed different opinions regarding the takeover rules and how they apply to Ganfeng’s bid and its ability to rebid.
And then BorderBob has the sense to post a link to the Clifford Chance takeover guide. Yet Bob’s not a member of the revolting shareholders’ campaign group to my knowledge. In fact he is treated with derision and accused of being a troll and told to go away and more recently filtered out!
If your SaveBCN campaign has any hope of succeeding it needs to gain the respect and credibility of as many minor shareholders as possible. How can the campaign have any credibility or impact when its members can’t even agree on the relevant takeover rules because they simply do not know the answers? Instead they ramble on speculating on this or that.
I take your point jam2morrow. That is why I was invested here in the first place.
But this is not that straightforward now. Things have muddied the waters. Why did Ganfeng not keep its powder dry and make an immediate bid at the same time as an announcement from the board when it was ready ie once it had the required approvals from China? It would have had the benefit of surprise and minor shareholders would not have had time to prepare a defence. Why the extension? Surely Ganfeng does not need to do any due diligence. Have the revolting minor shareholders caused it to rethink its bid or its strategy? If you’re right about the takeover rules and its ability to rebid and the timing thereof then it needs to get its bid absolutely right in the first place. If what you say plays out then even more reason to sell, take profits and buy back in cheaper. So many imponderables = price volatility.
Ooh I even get a Subject named after me! Things are looking up, Fozdog!
Quite right, uncleal. Me too. That is why I say sell, take profits and buy back lower. Because if this was going to go to 67.5p it would have done already at first potential bid announcement stage or subsequently. It is clearly not ‘happy’ at that level for some reason, presumably because the bid is still a potential bid.
So I am simply saying sell and take profits now and buy back in cheaper on the basis that if you look at what happened during May, the first month after the potential bid announcement, the share price was up and down, mainly down from the date of the announcement. So I see no reason why this price volatility will not continue during June.
Some big sells towards close. Genuinely believe it’s time to take profits and buy back cheaper, guys. You know it makes sense. Some of you are just in denial.
I want a higher bid from Ganfeng or for them to pull out of the bidding altogether as much as you guys do but in the meantime we should take the opportunity to make some money! After all that’s why we are in this game, isn’t it?
Time to sell, guys. Take some profits before it falls.
What we need today is a concerted sell campaign to take profits and thus to bring the price down so we can all buy back in significantly lower in time for the end of the month push upwards.
Ever hopeful. Ever more ridiculous. Oh yes of course the G7’s focus is entirely on raising the profile and share price of BCN. Another nonsensical post by Rottweiler1, Fozdog.
Not me, Bob.
Sells overtook buys yesterday although the share price still rose. I can see that continuing next week but with the share price falling in my opinion. Time to sell more on Monday and buy back lower later in the week or the week after. That’s my opinion and I’m sticking to it.
If you are seen as a dissenter or post contrarian views you get treated with sarcasm for posting interesting or helpful information but if you are a sheep you get thanked!
Yours of 18:07, BorderBob, interesting point. Does this and some of your previous similar comments mean that you’re not invested in BCN because you think it’s too much of a risky play?
I thought about the Mexican cartels and read an article about the possible impact on BCN’s operations, particularly hijacking the truckloads of lithium carbonate (or whatever) leaving the plant on a regular basis, some time ago before investing big time in BCN. But I figured as the Chinese, as in Ganfeng, are invested so heavily in BCN that that probably wouldn’t be such an issue, if you get my drift!
Having read the most recent article re the Mexican government’s stance on lithium mines (via the link posted here), I think any Mexican issues are further de-risked.
BorderBob, re yours of 17:43, of course I realise that; I thought you needed support against the cartel and the communist ruling party on here! And they criticise the Chinese! Haha!
Seriously though, I just made a suggestion re ****ing a snook at the CEO & the BOD by making hay while the sun shines ie during all this price volatility and Fozdog comes on all heavy as if I’m not allowed to express an opinion that is contrary to what he thinks.
I mean, they’re so narrow-minded and exclusive, it makes you wonder how some of these people survive in the real world.
Happy day for me, johnpwh. £20k profits. More tomorrow - buying and selling - and the next day and the next.
Today’s highs - range, Fozdog, range - won’t be seen again till the end of the month.
Your shareholders’ revolt is most likely doomed to failure so anyone thinking they’re going to get more than Ganfeng want to pay is living in cloud cuckoo land.
Anyway, even if you succeed, what’s the harm in making a bit of money whilst the SP is so volatile?
Price has dropped. But it’s still at its highest since the day the potential offer was announced. I say sell now and buy back cheaper. SP will fall from now till the end of the month.
Take profits this tax year at lower capital gains tax. I can see this going on for ages - even into the next tax year. And I can see CGT being increased in the next tax year.
I read that post where you asked BorderBob a question, Fozdog, and it was a ridiculous question. I thought BorderBob’s answer was perfectly acceptable to a stupid question. How’s he supposed to know! I suggest you spend more time checking what you write and use short sentences.
What’s the point in writing drivel that no one understands, Fozdog? What you write has no value if no one understands what you’re going on about.
It’s totally irrelevant whether that was my first post or not.
Dee12345, you’ve changed your tune re BorderBob (not BurgerBob). Now you want to get rid of him from here, maybe because you don’t like or can’t handle opposing views.
On 24 May 2021 16:10, you said:
RE: New Major Shareholder
Border, people may dislike you here, but I for one am genuinely happy that you post.
Every time, you seem to mention something that I may have missed, or not fully factored, and assists us in tailoring our strategy.
Like this gem you wrote "Does the UK have any law like the US Foreign Corrupt Practices Act? " - Reminded us to bring up the National Security Act, and even got it raised by Julian Lewis.
There are other snippets, so feel free to make your points - They only help our cause!
If you can’t put up convincing arguments to/against BorderBob’s views/posts, how are you going to do so with Peter Secker, the Bacanora board and many other objectors?
Whether you agree with BorderBob or not, at least you can understand his posts unlike the repetitive, nonsensical, never-ending drivel we get from Fozdog, who can’t string a sentence together in plain English.
Taking wildtiger’s point further, since we’re all so miffed at being shafted by the BOD here, why don’t we get some sweet revenge by selling up now, taking profits and then buying back in lower? Then keep doing it again and again leading up to the next offer deadline? After all, that’s no different to what these various brokers eg Peel Hunt, Canaccord, Citigroup are doing on a daily basis. Those profits soon add up to cover any bid price differential of what we think it’s worth vs what we might get eg 67.5p.