Member Info for tomcat-14

still early days yet john... but if they intend to expand and exploit it to it’s full potential... it will be going straight to the top...

looks like you were right ev... referred to dje... published today... https://www.jusbrasil.com.br/diarios/documentos/1163549665/andamento-do-processo-n-1088747-7520158260100-recuperacao-judicial-recuperacao-judicial-e-falencia-05-02-2021-do-tjsp ...

do you think they’ll bring them here too... or is gigaberlin as close as it gets... you can move a gigafactory to a lithium mine... but you can’t move a lithium mine to a gigafactory... ;)

blip... blip... blip... blip... blip... man the barrel... ship ahoy... #5’s here...

it wasn’t a private placing... it was an exercise of their option to increase ownership of the sonora lithium project to 50%... at project level... this was agreed in the original farm in deal struck between the two companies... it took a large burden off bcn funding requirements for the project... enabling bcn to complete their half of the project funding this week... bcn could have sold some of their shares in sll to give ganfeng their 50%... but it wasn’t agreed and set up that way... https://www.lse.co.uk/rns/BCN/ganfeng-exercises-sonora-option-7fez3le8p8ie190.html ...

except the 1st line... referred to dje... is that the enforcement department...

is it enough for the big1... or big1+ even... zinnwald...

have you got that formula to hand ob... 13:38...

so today... it’s hoping ganfeng have got their plan b : 50ktpa + optimisation sheets coming through the pipeline... what’s the chances of them completing their funding before the chinese new year too...

i did think the same last night... and between ganfeng and m&g thought bcn had at least $30m already committed... so shouldn’t have any issues raising the other $30m... but it definitely does say... ‘in addition to the placing’...

ganfeng hold 57,600,364 bcn shares...
https://www.lse.co.uk/rns/BCN/holdings-in-company-pmw1oiptimdxpzq.html ...
25.74% bcn pre-funding... (57,600,364/223,815,683)...
17.41% bcn post-funding... (57,600,364/330,811,568)...
29.99% bcn post ganfeng funding... (tbc)...

i’m sure ganfeng have done the math... and have their optimisation and equipment costings adequately completed to know why they needed bcn to complete their half of the $416m funding before the chinese new year holidays... wonder what ganfeng have planned for all this extra cash...

the capital cost estimated for stage 1 production of 17,500 tonnes per annum of lce at the project has been optimised by bacanora to $407m from initial estimates of $420m...

and / or m&g too...

well spotted... the reduction in capex is only bcn’s side of the process too... still have ganfeng’s ve to come...
ob... we need your mathemagic formula... for hanwa and/or ganfeng pre-emptive rights issue...

it’s $60m... for the main placing... and just to confuse you... €8m for retail... all at 45p... lol

is it open to any and all retail investors (up to the number of shares available)... or is it just for existing retail shareholders...

lol...
$2bn npv...
35% bcn...
35% gfl...
30% kdnc...
:)))

lol... ok... the 35ktpa they have planned in their bankable feasibility study then... we’ve only seen bcn’s 35ktpa study... we haven’t seen the 50ktpa study yet... oh... and not forgetting our 70ktpa scoping study... ;) so we know it’s doable...

saw that earlier b... cracking news for sonora... although they have sold all their planned lce production already... into asia... but is a step closer to a gigafactory on or between the mine and fords hermosillo factory... if/when it does ramp up...