Member Info for theiceberg

Def sells. Numis was selling at. Margin price, pretty much match for match.
“This announcement contains inside information as stipulated under the market abuse regulation (eu no. 596/2014). Upon the publication of this announcement via a regulatory information service, this inside information is now considered to be in the public domain.”

I can find this comment the past few rns’s. Apologies if I am just missing it. I’ve alsk not seen it as standard in any other companies.

About today’s rns that tugs at me. Mainly around the insider trading paragraph and who it’s letting deal in shares.
Amongst the names possibly wanting to invest is sentient global resources fund. I can see SGRF looking for a seat on the board as well.
News this week? Why the largest days column for ages? Who did the selling today? Poss cad?

Come on Numis. You’ve sold nearly 2% of the company and not moved.

I was thinking it would be nice for Oman to fund Sav copper, Bcn and then Sav in Portugal.
The Middle East is the big quiet player atm who won’t want to give up energy domination.

We are aware of press speculation. We are not going to say it’s false. So it’s true.
We are taking a little longer to maximise money.

I do think they will have agreed offtake a for all output from phase 1 and phase 2 until 2030.
I Cannot comprehend investing in aim and yet not investing in this company until production.

problem though is that's it not £400m its $420m. so around £330m.
Thats also with a big contingency, with the new designs that should knock off some money i would say a max of £310 and a min of £270m is needed, assuming no KDNC.

I've heard that middle east investors, north american, european, chinese, korean investors have all lined up. Its almost certainly not a problem raising the cash but rather how to do it.

Re offtake i thought that i was taken by hanwa for phase 1. We might hear about phase 2 offtake as well possibly.

In seriousness, i am still attached to the idea of an OO, hence why i've got enough money covered to buy new shares in that and am not buying at the moment on the open market.
Regardless i can't see many of the new shares coming on the open market this year.
A 1-1 OO, a couple of new investors, Hanwa increasing their stake as they've already said they want to and a small offtake would easily suffice.

With a decent equity/debt mix BCN should be debt free and 80-100m gross profit per a qtr after only 5 qtr's of production. Easily a 1bn mcap company. If not 1.5bn going from some lithium valuations.

Pigs in troughs.
I would much prefer to be a pig.

would only be able to benefit from the OO, if they hold the shares on the annoucement date -1 day. this would allow why we've seen some biggish buys in the last week or so, along with small sells as smaller investors grow skitish and lack patience.

Looking at the mm movement and other factors, i've can i think of at least one possible solution.

An open offer is announced at 78-82p. the offer is 1 share for each share owned. Along with this announcement is an an announcement that all the major shareholders have committed to taking the offer up. Along with this a further announcement that extra shares will be allotted to blackrock and hanwa at the offer price to double their percentage ownership.
The funds will be used for phase 1 construction. Any funding shortfall needed for phase 1 construction will come in the form on collateralised debt for phase 1 offtake (probably hanwa).
KDNC have committed to partaking in the open offer. KDNC's money for this will come from a buy out of their 30% stakes in the project. KDNC will not then suffer major dilution(although there will be some), they will not have to fund anything and they will have left over cash from the 30% transfer of ownership to further their own projects.

Us retail shareholders will be able to buy the cheap shares. Once the announcement is made i can see new investors raising the price to 1.20 or so at least by the end of Q3. Allowing existing investors to make a handy 50% profit by taking up the open offer.

Everybody happy. This would also give more liquidity in the market prior production as offer shares would be sold. by production i could still see this at £2 a share easily.

Those are god awful figures though for Alara, without omani funding they wouldn't go into production anywhere else.
SAv's are 100% better.

I can’t see their is much to be gained from not going to production, particularly when you have the likes of Blackrock, Hanwa conforming that they are prepared to help fund it and all product to 2030 from phase 1 has already got a buyer.
There will be some investors imho who are getting scared about equity dilution. But for anyone prepared to hold to production then that’s a non existent fear.
For those holding until 2025 we might well start to get a divi etc.
All that being said if I were Hanwa I would be tempted to offer say 300m for it now and then keep everything in house. Bcn can then focus on European lithium and other projects.
Tbh any solution is really a win win at this level.

Yep sorry 150k not 200k still a normal days volume in trade though so I would say news leak

WIthe the large out of hours. Including a very big 200k buy, today was the highest volume since Feb.
News of financing has definitely landed for some. The question is when will we hear about it. This week seems highly. likely.

Yep 100% alara
https://theworldnews.net/om-news/copper-mining-all-set-to-resume-in-oman

Hopefully not long for Sav.

Since April. More indications that news is fast approving.

It looks like an mm movement to me in advance of known news.
Fundraising at 82-84p. Hence house broker pushing it to that level.
Regardless of fund raising price. The importance is the fund raising. With this Bcn will be guaranteed hundreds of millions of profit a year certainly for the rest of my lifetime. If not rising to the billions with stage 2 a 3 well into the future.
With Blackrock and nearly all big holders taking part the real news will be how little shares are in free float there isn’t really any shares going to retail investors.

My understanding is that the project is the Yanqul project. Which is being fast tracked. I do wonder whether Pam are holding off on the news releases for Sav and alara until they can provide the firm facts and figures to go along with it
Ie they have given both companies a nod but require the firm figures before release.

Very surprised if the share issue is that amount. Firstly Hanwas original investment would be massively diluted but also industry norms would be far less equity than that. Tbh it’s all a guess as the options are very large.

for the BOD, it would be. " The IP for production of battery grade Lithium Carbonate has taken years and many millions to perfect. Given the interest of this IP for many other companies, how is Bacanora planning on monitising this? and how much might this be worth?" I've got a feeling the value would be high and very surprising.

"Importantly, Hanwa has committed to utilising its strong relationships in Asia in order to assist Bacanora in securing the debt financing component of the funding package required to enable development to commence following completion of the Feasibility Study.  Preliminary introductions made to date by Hanwa have been positive first steps towards securing such additional future financing requirements." Also the increase in holding to 20% for hanwa looks to very certain imho. Its also highly, highly likely that Hanwa provide some kind of pre-payment for phase 1 offtake and hopefully likely arrange phase 1 funding, based on collateralised phase 1 production. I've got a feeling that phase 2 offtake will be US based.