Member Info for tomcat-14

it could be nine...
fri 28th jun 2019 15:58...
signing of investment and offtake agreement with ganfeng lithium... gfl will complete a review within six months of the epc engineering design and capital costs of sonora lithium project with a view to reducing costs and accelerating the timetable... gfl will provide a plant and process commissioning team to assist bacanora in delivering first production in 2021...
in signing these agreements we are not just committing immediate financial and technical support to the sonora project... but also advancing ganfeng's growth strategy to become the world's largest lithium producer... we are demonstrating our intention to be the cornerstone funding partner for bacanora at a corporate and project level going forward... over the rest of 2019... we will work closely with bacanora's management team to optimise project capital costs and evaluate potential economies of scale in the sonora project...
https://www.lse.co.uk/rns/BCN/bacanora-lithium-plc-investment-and-offtake-agreement-signed-with-ganfeng-5unpz6lkz9ubr6j.html ...

throw in a 10% value engineering savings on the capex...
$420m... capex...
10%... ve saving...
$378m... capex...
$189m... bcn (50%)...
$150m... from the rk loan...
$28.75m... from the gfl strategic investments...
$10.25m... remaining capex $...
1.3067... yesterday’s forex...
£7.83m... remaining capex £...
£9.24m... for 27.5% sll...
no further placing necessary...

oops... forgot to deduct the £9.24m raised from the 50% option on sll... 36,977,840 shares at £0.25...
$420m... capex...
$210m... bcn (50%)...
$150m... from the rk loan...
$28.75m... from the gfl strategic investments...
$31.25m... remaining capex $...
1.3067... yesterday’s forex...
£23.88m... remaining capex £...
£9.24m... for 27.5% sll...
£14.63m... remaining capex £...
£0.25p... placing price...
£14.63m / £0.25p...
59m... placing shares...

the alternative sums...
$420m... capex...
$210m... bcn (50%)...
$150m... from the rk loan...
$28.75m... from the gfl strategic investments...
$31.25m... remaining capex $...
1.3067... yesterday’s forex...
£23.88m... remaining capex £...
£0.25p... placing price...
£23.88m / £0.25p...
96m... placing shares...

that would please most of bcn’s existing shareholders surely... as the equity raise / dilution would be minimal... at the right price... none existent...

from your scenarios 1&3... if gfl exercise before the equity fund raise... it would cost gfl more $’s... as they would be required to fund 50% of the project directly... $210m...

again for obvious reasons... before would be nice... very nice indeed... and i can see some logic for gfl to do that... even after considering the additional $’s that it would cost gfl... they already hold 29.99% bcn...

for obvious reasons... gfl exercising their 50% option is almost guaranteed... regardless of whether bacanora minerals ltd owns megalit or not...

the sums...
$420m... capex...
$325.5m... bcn (77.5%)...
$150m... from the rk loan...
$28.75m... from the gfl strategic investments...
$146.75... remaining capex...
500m... funding shares...
57.6m... used for the gfl strategic investment 442.5m... remaining funding shares...
$146.75 / 442.5m = $0.33...
1.3067... today’s forex...
£0.25... minimum sp for one fully funded sonora lithium project... the stage-1 pilot plant...

at an av 50kg / vehicle... that’s 1,000,000tpa... for just one manufacturer... 1,000ktpa... twenty sonora lithium projects... how long...

leverage... existing major shareholders will have done their sums... and will have their eyes on all the shares they voted to give the bod to raise the equity funding... when is the agm due...

did i hear him correctly... 48:35 into the call... tesla aim to be producing 20m vehicles per year...

all part of the full electrification... 100% renewables... zero carbon... jigsaw they’re putting together... batteries were the missing link...

they were wired into a wall connector... no plug... batteries will come next... with the battery iron kettle hair dryer etc... :)

they were advertising electric radiators on the tv last night... for the 1st time i’ve ever seen...

sorry... 23oct2019...

substantial shareholdings adjusted to 30june2019...
gfl 57,600,364 (29.99%)...
m&g 13,456,784 (7.01%)...
hanwa 12,333,261 (6.42%)...
igneous 9,883,774 (5.15%)...
capital 6,438,925 (3.35%)...
d&a 4,738,030 (2.47%)...

page 44 of the annual report gives the substantial shareholdings at 30june2019...
m&g 13,456,784 (10.0%)...
hanwa 12,333,261 (9.2%)...
igneous 9,883,774 (7.4%)...
capital 6,438,925 (4.8%)...
d&a 4,738,030 (3.5%)...

4 others mia... ????

especially once they’ve exercised their 50% option...
bcn 35%...
gfl 35%...
kdnc 30%...