Member Info for r7632

If they raise the offer to 80p the daily price will rise towards that level. And we can still vote against it. I will be for certain.

The value in my mind is far higher - even to GF a much higher offer would be worth it.

I think the Bcn price would be way above 67.5p if they hadn't made the proposed offer. Their proposed offer was a way of capping any price increase.

I wish I could send my notice to Hargreaves Lansdown and Barclays that whenever and whatever the offer from Ganfeng my response is no!.

I want to keep my shares.

I suppose they could keep adding. But at that price I don't think they would want to accept an offer of 67 5p

What do you think? Just doesn't look a big enough return.!

Latest RNs. FM Partners now own 1.08% 4milliobs shares.

Could that be it?

The only reason the price is not higher is that the proposed offer caps the SP at 67.5p and anyone buying now may be forced to sell at that price.

This in my mind amounts to market manipulation. Where Ganfeng have acted in bad faith and many would say unethical.

I see gridserve are going to into 6 to 12 rapid chargers at 85% ok the UK Motorway services. Great.

I expect half of those will be Tesla Superchargers.

Excellent.

Cant't see Ganfeng going slow on this. They are due 64.4% of profit from everything produced aren't they. 50% of SSL and 28.8 % of the other 50% owned by BCN. They are going to make a boat load of money from it.

I think rejecting the offer is a win win. They may come back with a better offer Or better still let us keep out shares and see real value in them in months to 18 months.

Before the possible offer I thought we were awaiting final EPC details from Ganfeng - are they just delaying this?

I think the proposed offer at 67.5p was a sneaky way to keep a lid on the SP. Otherwise I think it had the chance to go much higher as it looked like all the funding was secured and land clearance and preparation was under way.

Everyone has their own view but I will reject and hope we get enough votes to fight them off.

I haven't investigated Family Trusts. But I think if you die before 75 you can leave your Pension tax free. For over 75 its taxed as income to whoever you leave it to.

I have created ISA 's for my daughters to get them thru University without debt.

ev stock channel talking to Rodney Hooper.

https://youtu.be/JrD3nubKr94

Yes State Pension - Actually of 67 for me.

Yes things change When I was 50 I had enough years of NI for a Full State Pension. Since then they increased my Pension Age to 67 and I am one year short of NI contributions for a full Pension . Only worth a couple of £ per week more so not really bothered.

I also got caught out by them reducing the Life Time Allowance. and got shafted with 55% Penalties on the excess. But couldn't start my pension any earlier to avoid breaching the limit which was reduced the year of my retirement by 250k.

I was thinking i am 60 and may live to 80 that's 20 years. So I could could take 5% per year and use it all up as it would attract 40% inheritance tax when I die. But if I get 3% return pa over those twenty years they would still be a lot left if I lived longer.

You have to bear in mind you will probably be less active as the years pass and you spend less. Highly likely to be ill for a few years too. And you could go any time.

Spend and enjoy your retirement. Oh and when you get to 68 you get another £8 k a year from the National Insurance you've paid for 40 years. So you can spend that as well or reduce the take from you pension.

Ah yes I retired at 55. Little point in spending 11 hours a day traveling on the tube, working, and having lunch. I think I'm much fitter and healthier for it.

I think its too easy to think you will live forever and keep money back - you wont.

Vote against Ganfeng Takeover. They will either raise offer or withdraw. Either way you are likely to make more money than accepting 67.5p a share. Personally I'd like them to withdraw the takeover proposal completely and let us continue to production with them holding 28.8% where we should see a decent return on our investment.

Just to clarify. There is lots of lithium. It's cost is down to

Purity
Concentration levels
Cost of processing into battery grade
Cost of land it resides
Environmental issues of processing it where it it is found
The size of the deposit
Costs of licence and taxation required by host country
Exploration and completed Full feasibility studies

What BCN has is huge deposit.
Cost competitive for battery grade Lithium processing
Land a d resources purchased to extract
Licences agreed
Taxation agreed
Financing arranged
Large company and institutions agreeing it is a worthwhile investment worth a steal at 67.5p

Those that think it's it not worth while keeping hold as long as possible are thinking short term gains. I think it worth trying to keep as it will provide a far greater return.

I'm still for rejecting any offer from Ganfeng assuming Barclays and Hargreaves Lansdown provide me with the opportunity. I've been in BCN a long time and was expecting a decent return. However looking at my other shares this has been a very poor return on time and equity to give up at this price. Todays RNS is further proof of where BCN is heading. If we can fight off this takeover we should see healthy returns within 18 Months. Much much better that those who have joined in recently and hope for 20% increase. There is 71.2% of shares out there not owned by Gangfeng. I think that if M&G, Hanwa , Robecco, and the other Institutional investors vote against we are almost there anyway. Pity M&G didn't increase their holding back up to 19.9% .

Unless they are somehow pressured I can't see why they would agree to sell up.

I've seen various RNs about holding above 2%

Do you think they are aiming for a quick buck and will be voting for offer.

Or wanting to stay and see the SP north of 100p

I think Ganfeng have put this proposed offer out at 67.5p to put a ceiling on the SP. Who would buy above that price knowing they might be forced to sell at 67.5p.

Next in LIne for Takeover bid from GangFeng?

They already have a 46.7% stake in the Argentinian Brine MIne. cauchari-olaroz

https://www.lithiumamericas.com/cauchari-olaroz/

I would suggest someone like Tesla , VW don't need to actually takeover the company. They could just buy a large chunk and have a say in where stage 3,4 and beyond production goes. That is they would be sitting with shares I. 8.1mt of lithium. Where only 35tpa actually has take off agreements.

Say stage 3 is another 50tpa. If they hold enough shares wouldn't they have say on where that goes?

I own shares thru Barclays, in Sipp and investment. And ISA with Hwrgreaves.

How exactly do we get a chance to vote?

I will vote against.