Member Info for stevegrass777

https://www.kitco.com/news/2021-06-11/Chinese-lithium-giant-Ganfeng-raises-627-million-for-capacity-expansion-and-other-purposes.html

Tbh if these pair are paid derampers they aren't doing very well, the quality of material is poor and well researched investors can see through the vague misinformation.
BCN is a great company to invest in, and it's biggest partner /customer thinks so as well.

I suggest the questions should be, can we have assurance from you that we will get an egm if the offer is made official.

What's the betting that the takeover RNS is scheduled for the afternoon RNS around 2pm onwards.
So they sneake the fight club AGM RNS out in the morning schedule.

Watching fight club on repeat,
First rule of AGM, don't talk about takeover, second rule of AGM, don't talk about takeover.
Unbelievable

Well I've never seen and AGM announcement lik this before, an AGM announcement normally just says the time and date of the meeting and the place of the meeting.
Ive never seen the wording like that, it's almost comical, someone has been watch

Sure=such

I've never seen an AGM worded like that before, virtually saying under no circumstances are we going to talk about the takeover and we are going to filter all the questions we want to answer by email, lol.
We definitely don't want to answer any difficult questions, lol.
And how about the national newspaper articles and the shareholder revolt?
Unbelievable cop out RNS if you ask me, in all my years investing I've never seen sure a cop out and play against shareholders by a management team.

Often takeover offers are revised upwards when they realise they can't get enough shares to make the takeover go ahead, it all depends on the large stakeholders and whether they are willing to sell up at a low offer price or not, but I'm sure because the smaller shareholders have clubbed together against the low offer then it will possibly give the larger holders a better position to negotiate a better offer.
They need to purchase enough shares to trigger the takeover compulsory purchase.

M wall that's how I see it, unless they offer enough for the big players to think seriously about selling up then they have no chance of getting enough shares for compulsory purchase.
And 67p isn't going to cut it I'm sure.
It's worth waiting for the big money and the future that lithium has it could go up drastically when the ice car production ends.
Then what will a prospect like this be worth.

Yes people have to remember that the institutions want to maximise profits as well and I doubt they will agree at this low takeover offer.
Often you get low ball offers to begin with but soon get revised upwards when they realise that they can't buy enough shares for compulsory purchase to take place.

Some of the articles Bob mentions can't be found via searching, and he never puts links up so if he is making it up it will be braking fca rules on conduct, especially as bcn is in a sensitive takeover period, I would imagine.
Seems no facts behind his posts.

Great to refresh people on the actual quality and quantity of the Sonora mine, has bobs misleading post gone?
Can't see it anywhere.

Great article, shows just how undervalued BCN is.

Just had a look and it looks like they can only get to 70% ish with the top 10 institutional investors and there own stake, so they may need our support to get to the compulsory purchase level.
By the looks of support here it won't go through unless they revise up by quite a bit.

I can't see the bidder getting enough shares at 67p, it's likely to be revised upwards if they can't get to the compulsory purchase percentage.
It seems that they don't want to make the bid official just yet so they have to keep there stake at 30% or less this stops them buying in the market, so as soon as the bid is official they will be buying all the shares in the market they need to get above the compulsory purchase percentage which I think is 90% or there abouts.
If the bidder gets above 30% they are legally bound to make a bid.
Personally I think they are probably trying to get the large institutional investors to promise there support to get close to the 90% compulsory purchase level.

I can't see the bidder getting enough shares at 67p, it's likely to be revised upwards if they can't get to the compulsory purchase percentage.
It seems that they don't want to make the bid official just yet so they have to keep there stake at 30% or less this stops them buying in the market, so as soon as the bid is official they will be buying all the shares in the market they need to get above the compulsory purchase percentage which I think is 90% or there abouts.
If the bidder gets above 30% they are legally bound to make a bid.
Personally I think they are probably trying to get the large institutional investors to promise there support to get close to the 90% compulsory purchase level.

The offer is low ball and I'm sure they will have to pick up the offer price in my opinion to get the required amount of shares.
And that's if the Americans allow it to go ahead, maybe we will see an American counter offer?
Who knows but either way at this price the bidder thinks its worth more, I feel its worth a lot more especially with all the lithium about to be used in the near future.

CLDN in investors chronicle today, good article just giving information from the last update and pointing out how good they have been doing with investments and pointing out the discount etc.

Well I have doubled down a few times here, eventually value will come out I'm sure, and fpo are in a good position financially having sold a property just in the nick of time.
They should be able to pick up some bargain properties, that's what I'm looking out for but no new deals yet.
A couple of new properties /deals under the belt will make me feel better here.