Member Info for roger65

Of course it does, as does the involvement of UBS abd DLA Piper, as does the volume of shares held by the BODs, as does the investment coming from some of the big iis, - although tbh for Blackrock I think its' totally automated and frankly is niether here nor there to them. Even with a35m shares (£7.7m) is about 1 millionth of their total fund so not the end of the world for them if either this deal doesn't happen or EUA are left to mine it themselves. BR can afford to wait for many years to realise profits.

Just got to be patient I guess. I did manage to get 2 lots of £10k worth earlier at 21.35 or there abouts so my heart is still winning the battle with my head. Another deep breath.

Personally I would always have been delighted with 60p a share but after recent and ongoing bull run in metals - it's no flash in the pan - I do think it should be north of that now. 80p + would be wonderful. £1+ life changing

GLA

*feeling

Can't be good for the BOD's negotiating position to see the mcap fall by 50% from it's recent high surely?

I read somewhere that M&As rarely result in a sale more than a 200% or 300% increase to the prevailing sp. There must have been exceptions though. I thought a sale of about $3b - $3.5b could happen when we reached a mcap of $1b but through lack of comms (I know this is due to NDAs but it's damaging none the less) - and subsequent loss of sentiment we're almost at half of that now.

Surely just the pis selling can't cause a drop of c50%. We don't own that much of the Company shares. Is this down to the MMs?? Even if all the short positions were closed that wouldn't amount to anything like the drop we've endured. I do worry sicne AC decided to sell 8m quids worth without saying a word to the BOD. That can't have gone down well with DS and CS and, before anyone jumps down my throat saying 'it was stated in an RNS he wouldn't sell any more...' the guy can change his mind and could have decided to off load more but on the open market and as such, at ever reducing prices.

I'm in the same boat as someone else stated here earlier this morning ie witnessing a paper loss of £25k for every penny drop. Painful in the extreme. I haven't bought any shares for ages but now I'm thinking they're way too cheap if a deal really is on the horizon. I'm still hopeful when I read the tweets of people such as GMF78 and R1EX as I view them as some of the most well researched and balanced holders but I have to say it's increasingly difficult to watch the sp drop day after day with no news. Sorry, but the photo EUA tweeted hardly raised my spirits and as a morale booster for LTHs I think being stuck in a confined space with Septic Lil for a month would give it a run for its money!

I'm a relatively LTH of over 2 yrs and trying desperately to sustain confidence but I confess to geeling increasingly nervous. Can't decide to stick or twist. Heart says the former....

Newbie in terms of posting here but have held shares for nearly 2 years. The delay in finalising this deal is not good for anyone. Could 'transaction structures' be the crucial stumbling block? eg If Potanin says "I'll pay you a 3rd in cash, a 3rd in NN shares and a 3rd in my new PGM tokens" and this is at a perfectly good and acceptable price but.... would totally undermine DS's plans for his own Lybrion project. Or would it? All the parties involved will know what's in the DFS and all other useful and relevant info so what is the hold up down to, especially now that I Rawlinson is supposedly off the scene. Just passing the time of day with these ramblings as I'm very bored now seeing this share being ground to a halt by the MMs and iis mates rates deals week after week.

Tks for positive morale boosting camaraderie from many posters and of course Capt Tillywhizz. Hope for all our sakes this is brought to a happy conclusion soon.

Thanks Nomad. Been in for about 2yrs now but I am new to investing. I confess to looking for a quicker profit here - not as in following the herd and getting it after a day or two - but I did not think things looked really good when I first got in and off course was delighted to see the sp hit the loft heights of 54p. That was my biggest mistake: instead of profit taking at that point I threw even more into the pot. Hey ho.
I too think this will come good but am disappointed it will take as long as now seems likely.
GLA

It's been going on for months and months. Day after day the sp is range bound to a point where it can't be traded with any significant or worthwhile margins. When ever there is a sell it's quickly snapped up but only to nudge the sp back to what it was before. Today was a perfect example. Gandalf says 'you shall not pass 23p'. Gandalf, or something like that...

Just hope it's Tesla buying up shares and that they suddenly swoop in and try to take the whole thing on. At least we'd be able to see some increased value in the sp and swift progress and visible plans to get this mine producing sooner than 2023/4.

Sadly I can't see it as Secker has laid BCN out on a slab for Ganfeng to have as its plaything. They hold all the aces now.

Watch tomorrow. Sp range 22 - 23.

I'm not a deramper. Just a cheesed off and embarrassed share holder who has made some stupid mistakes on this share.

r7632 - absolutely not wanting to talk the share down. I first invested (far too much of my pf as it happens) because I can see such wonderful potential here, and the thought of doing my bit to help the EV revolution on its way and hopefully help save the planet for our youngsters meant this investment had a personal feel good factor. My frustration is that since Ganfeng came on board there has been little sign of any enthusiasm or excitement to get on with progressing the mine. Yes, COVID has inevitably got in the way but we were meant to be getting that EPC underway last July and yet by Dec, when CV19 became a serious global issue, nothing had been done. Why would Ganfeng possibly want to delay? They're not short of funding...
Everything is good about the set up here and you're doing a good job of raising my hopes once more that things will be on the up soon. Thank you for that.

The share price doesn't need to be talked down btw. It's already far too low imo for such a project.

This is a fantastic project and terrific investment opportunity. Thanks to the tardy progress made my BCN over the last year the S/P remains a bargain! I am sure you're right that patience will be well rewarded and some decent PR will suddenly alert many to the potential upside here.

Been in for nearly 2 yrs now. That count as a short term trader?

I'd bite your arm off for 34p. Would love to be out of this. Bought in between 19p and 54p only to watch it go to sleep and BCN be slowly and agonisingly brought to a stand still. They now need to raise a massive sum just to keep in with Ganfeng. Things don't look good here for BCN.
34p and I'd be delighted to jump ship.

I know there were dealings between Elon Musk and BCN a while ago but now that BCN have a far bigger engineering/mining partner at the party would it/could it be of any interest to EM to just buy out BCN and go hand in hand with Ganfeng? Production plants at Sonora and Zinnwald. Convenient for both with GF providing all the mining & engineering know-how they need. Probably a stupid thought....

Is that good or bad??

Oh dear, I thought BCN had managed to shake them off.

Doh... Just shy of 2%!

Hilarious. £30k more buys than sells today and sp is down just shy of 3%.
Crooked.

?? Where did $300m come from?
Thought $420m was needed and that this figure it was hoped would be reduced by Ganfeng coming on board. I am sure Secker said in an interview that Ganfeng would be covering half of the project cost too ie BCN need to provide approx $200m. If we have various funding packages organised already ($150m RK, Hanwa, OMAN etc) then how on earth is it possible an equity raise for this new amount is needed? BCN really do need to sort this out as it's confusing and alarming having this huge sum bandied about.
How much is needed, how much do we already have and how much is needed in a further equity raise? Please.

I could understand if it was $30m as many posters here have explained how one arrives at this amount, but $300 is a game changer/ender. There's no way BCN can raise that much, and certainly not in the time available unless the project is going to be severely delayed.

Is this the next step for BCN to get their side of the funding sorted? Would seem logical

Golly, trades have almost ground to a halt. Is that because everyone is waiting to see what happens next? I keep hoping for a small rally to at least avoid making a loss here (35 would do) but there just doesn't seem to be anything on the horizon. You can tell I'm an amateur at this. Grateful for the insightful and encouraging posts though from many on this BB. Read some dire msgs on Advfn and nearly fell off my chair! Won't go there again in a hurry...

Blimey Ianbo, if it went down as far as 20p then GF would be mad not to take over the lot. Thing is, if that happened what price would they have to pay given they'd already own 50% by then? Could they dictate the buyout price?
Hypothetical question: once GF either own 50% or all of BCN would they then want the sp to fly or would it simply not matter to them whether it's high or low? If it's the former then it makes sense to hold....doesn't it?

..a brutal day after several tough and disappointing weeks.
Commiserations to all BCN lths.

Interested to hear your take on today's excitement Wolfi please?