Member Info for SteveY1

The ShareSoc are covering POL in their latest newsletter--

https://drive.google.com/file/d/1gluD8-bEP0F6xUGB3M05pIKOTTCv2Z61/view

So its worth contacting the FCA as I have done already.

Hi guys- Ive been in touch with The Share Society (Cliff Weight) and he has usefully given me contact details for someone at the FCA who may be in a position to looking into why POL havent been updating their website as promised when they delisted. We are still shareholders and the Hibiscus holding alone makes this worth a decent amount to all holders, its just that we have no up to date info on POL or method of dealing in the shares either. So please contact- Yvonka.Hurtado@fca.org.uk and copy to - miumailbox@fca.org.uk plus- cliff.weight@sharesoc.org with your concerns and they will hopefully get back to us when they have tracked down the current directors and put our points to them. Feel free to share this.

Hi Hardboy- Have another read of the first RNS. The £2.7m has been placed, in part with suppliers and directors. They dont have a target for the PB raise, it looks like they have introduced it so current holders can get in at the placing price if they wish. They have no target for the PB raise as far as I can see

100m pounds not dollars Rajbury

Oldblue- lookingfor moneys comment "wont be cheap" is one we should all get without further explanation by as you dont understand, he is clearly talking about the % of the possible payout that we will have to guarantee to the no win no fee funder.

With no RNS in the morning, they couldnt disclose information thats outside of the public domain as thats the case with all listed companies. So the presentation was all they could discuss but there were some decent hints as per Mikies message that got savaged below that things were still moving forward on a number of front for JLP, so positive overall for me today.

I hope Colin isnt going to close by singing My Way..... :-)

Agreed re Colins time been over now- thankfully Leon is staying as he communicates well and has put a great team together. Colin still has plenty of smaller companies to get off the ground (if he can)

Bingo! I have a full card now with The Jubilee Way coming up too

Leon on now and he is coming through- prob just Colins mic

Is anyone getting any sound on the live stream? Nothing here....

Hi queerBongo- Thats as per Ganfengs latest acceptance RNS on 6/12/21 where they said--
As noted in Ganfeng's announcement dated 22 October 2021, the timetable for the Offer is currently suspended pursuant to Rule 31.4 of the Code, as a result of the Mexican Antitrust Clearance Condition to the Offer not having yet been satisfied or waived prior to the second day prior to Day 39 of the Offer (the "Timetable Suspension").
So Ganfeng will be in talks with the Mexican authorities, who will want assurances re scale of their plans, local jobs, better tax and royalty terms than BCN had and possibly benefaction inside Mexico rather than just shipping the lithium out in bulk to China. This could take months but it is likely to get approved in both sides are realistic about the project, which I believe they are. I hope that helps.

PFP are proceeding via a different arb court (ICSID) so this is nothing to do with them unfortunately

Part one is here--
https://www.youtube.com/watch?v=d-_HbiEpN2M

Two Stockbox interviews out today guys. The sound quality is poor and the video sync out for the second one but it does show he is attempting to communicate, albeit you will need good ears to hear it--
https://www.youtube.com/watch?v=kqcnV8780mU (This is the second one)

Hi guys- Im a shareholder since 2014 here so Im hoping for a better outcome than the current Ganfeng offer but it does look like the BCN mgmt have been lulled into thinking Ganfeng where on their side while they had a plan to buy the whole of Sonora in stages.
First they agree a 29% shareholding, injecting cash into BCN and then a 50% direct stake in Sonora at the project level, with a cash payment there too. From that position its going to be very difficult for BCN to go elsewhere for the finance needed. Ganfeng have been bidding for lithium assets around the globe and mainly been successful in these bids.
The current capex has been revised to $420m, so BCN need $210m and they have most of this in the bank but Ganfeng are heavily inbedded in the design, engineering, funding, offtake all the way down to commissioning so it looks like BCN are now paying the penalty of trusting them with so many aspects of the project.
They may even want the full offtake, cutting out Hanwa from their initial 50% offtake.

Hi Bluegrass- BCN have been ready to build since the end of 2017. It that stage it was agreed that the clay extraction would work and its been all down to financing since that date. They have had previous white knights (Next View in 2017/8) who have failed to cough up and in mid 2018 they had roughly half the capex funding needed ($240m vs $460m) but before Ganfeng turned up in 2019 they never closed this gap. The lithium market is different now of course but with Ganfeng holding 30% and the bulk of the rest of the Sonora funding package lapsing now, they dont have a creditable plan B as far as I can see.

Hi Quantum Star- I know it wont be popular on here but I accepted the offer re my shares. Ganfeng may well have to raise the offer a little to get over 50% but the key for me was that pre Ganfeng BCN werent able to get the full funding package in place and this was put into even more doubt when RK cancelled $125m of their $150m debt offer in the summer. So it looks like Ganfeng have BCN by the short and curlies, a 30% stake plus the firepower to get the capex in full. I hope that helps.

Hi Quantum- For each BCN share, Ganfeng are offering 67.5p plus 0.23589 Zinnwald shares, which equates to around 73p currently