Member Info for tomcat-14

extract from the link i just posted...
peter secker ceo of bacanora commented...
"I would like to take this opportunity to thank derek batorowski for the valuable contribution he has made to the company as finance director over the years... derek was one of the founding directors of bacanora and has carried out the cfo function since the company's incorporation... i look forward to continue working with him in the future as a non-executive director, as we look to deliver on our objective to build a leading supplier of high value lithium products to fast growing industries such as electric vehicles and energy storage."...
looks like he’s just finished his 2-years notice...

a bit of history from when he stepped down from his original position as cfo... https://www.lse.co.uk/rns/BCN/appointment-of-non-exec-director-and-cfo-pnlv8qjb7xorvd1.html ...

don’t you get more bcn for your ¥ € $ when the £ is weak(er)...

that must be what our cfo was alluding to in her excellent presentation... 6:00-6:30mins in... meeting future specifications for tomorrow’s world of lithium battery technology...
https://youtu.be/3ZyBjwKhxzQ ...

the 3rd doc is now open... with the resolution for the initial share split 10:1...

yep... i agree... 50ktpa sounds about right for ganfengs 50%...

the rns is here...
https://www.lse.co.uk/rns/BCN/bacanora-lithium-plc-proposed-strategic-investment-by-ganfeng-lithium--bu5dyj9ftwfnj3k.html ...
they are just following it through...

134,464,862 shares... allotted @25p/share on 14aug... £33,616,215.50... now awaiting transfer of funds directly into the sll project development pot... and shares ready to be distributed directly to their new jv owners on receipt...
bcn (77.5%) and...
ganfeng (22.5%)...

2 docs open to view now...

worth noting that vw ag are also in collaboration with ganfeng... https://www1.hkexnews.hk/listedco/listconews/sehk/2019/0407/ltn20190407009.pdf ... for lithium and other things... including solid state lithium batteries...

and it looks like they intend to exercise their 50% option in sll... later this year...
company will also proactively advance the acquisition and development of the mexico lithium clay project sonora in the second half of 2019...

ganfeng’s interims have been approved for issue at today’s board mtg... https://www1.hkexnews.hk/listedco/listconews/sehk/2019/0828/ltn20190828915.pdf ... says it all really... safe approvals due anytime now...

final preparations for the ganfeng deal to close out... synchronisation of shares in issue by both the plc and the holdings company...
https://beta.companieshouse.gov.uk/company/11349694/filing-history ...

probably better to read the facts rather than a commentary... http://s1.q4cdn.com/793210788/files/doc_news/2019/august/PR_2Q19_ing_FINAL.pdf ...

giving a reference timeline upon which people could base their expectations...

it is anticipated that the final approval from safe (state administration of foreign exchange) will be received following a ganfeng board meeting to be held in the coming weeks... bacanora will provide further updates once final approval is received...

reads exactly like an indication of the anticipated minimum timeframe to get safe approvals to me... 2-weeks... ganfeng board meetings do appear to be either the last friday or the last working day of the month... which takes us to friday 30aug... ;)

one things for sure... time will tell...

https://www.lse.co.uk/rns/BCN/bacanora-lithium-plc-investment-and-offtake-agreement-signed-with-ganfeng-5unpz6lkz9ubr6j.html ...

https://www1.hkexnews.hk/listedco/listconews/sehk/2019/0628/ltn201906281856.pdf ...
at the 35th meeting of the fourth session of the board of directors held on 28 june 2019... the company considered and approved the transaction with 10 votes for... 0 against and 0 abstention... and authorised the management of the company to deal with related matters of the transaction at its sole discretion...

and 30% of the mexalit and megalit joint venture companies...

mr wang xiaoshen... the deputy chairman of ganfeng lithium commented... we are continuing to progress the approval process in china in order to complete our initial investment in bacanora lithium and its sonora project... we are looking forward to working with bacanora to develop this world-class project... our significant investment demonstrates our belief in the viability of the sonora project and its ability to become a world class operation and support ganfeng's strategy of growing to a 100,000tpa lithium producer... our technical team is commencing its review to identify areas where ganfeng can add value to the project delivery... ganfeng is committed to supporting bacanora in its financing and commencing development of the sonora project in the coming months... it is proposed that mr wang will join the board of bacanora as a director upon the completion of the ganfeng investment...

at the 35th meeting of the fourth session of the board of directors held on 28 june 2019... the company considered and approved the transaction with 10 votes for... 0 against and 0 abstention... and authorised the management of the company to deal with related matters of the transaction at its sole discretion...

according to the requirements under the guidelines on standard operations of companies listed on the small and medium enterprise board of the shenzhen stock exchange... and the articles of association, the transaction does not constitute a related-party transaction... nor a material asset reorganization as stipulated in the administrative measures for the material asset reorganizations of listed companies... and therefore... it is not subject to consideration at the general meeting of the company...