Member Info for tomcat-14

that answer is also on a postcard below zarro... you can see how ganfeng m&a tends to work in the way they have funded olaroz... nothing cast in stone... but i’m expecting it to follow a similar route here...
the only reason i see ganfeng allowing dilution of their 29.99% bcn holdings is to allow another partner in at plc level... could be that they were the blocker...

answers on a postcard...
see the links posted below... worth reading the egm details and analysing the voting profiles...
the blocker seems to have been a single shareholder with a 0.45% holding of the h shares...
ganfeng’s finances look solid... for a company investing in global expansion and in fast track ramp up mode... buying up the most desirable lithium assets on the planet...
it wasn’t you was it addicknt...

picasso (western australia - wa)...
https://www.lse.co.uk/rns/KDNC/cadence-minerals-plc-acquisition-of-lithium-assets-in-australia--ky7zk1o2cbyrqny.html ...

great news to start the week on...

paying $160m for the remaining 12.5% option on olaroz...
pro-rata that on a simple % basis...
$352m for the remaining 27.5% option on sonora lithium ltd...
any arguments for a premium... or discount if you like mrc... based on other comparisons between the two resources...

standstill at bald hill... https://www.asx.com.au/asxpdf/20190819/pdf/447lcl70sx2zm8.pdf ...

details of such... for reference... https://www1.hkexnews.hk/listedco/listconews/sehk/2019/0628/ltn201906281856.pdf ...

22.5% sonora lithium ltd and 29.99% bacanora lithium plc next on the todo list... ;)

they’ve just completed on the olaroz acquisition... now 50% ownership of the project with jv partners lac... https://www1.hkexnews.hk/listedco/listconews/sehk/2019/0818/ltn20190818013.pdf ...

me2 jimb... and we know from bcn that the offtakers are impressed by the colour of sonora lithium... quality product... meeting tomorrow’s specifications...

rock brine or clay... which one is best... ;)

https://www1.hkexnews.hk/listedco/listconews/sehk/2019/0814/ltn20190814003.pdf ... it was a very close call... after all...

or ganfeng may need to cherry pick... and go back to their shareholders on a project specific funding basis... rather than a wholesale... combined rock brine and clay investment...
https://www1.hkexnews.hk/listedco/listconews/sehk/2019/0628/ltn201906281312.pdf ...

surely bcn will do their own dd on ganfeng too... there’s no point giving 30% of the company and 22.5% of the project to ganfeng... if ganfeng can’t support the defined funding responsibilities that come with that...
but there are other ways that ganfeng could raise the cash required... if their existing shareholders don’t want to chip in... conventional ways... and using a historical phrase... something unique maybe...
suppose ganfeng had a responsibility to offer it to their hk shareholders before they can pursue the alternatives?...

https://www.pv-magazine.com/2019/08/14/ganfeng-lithiums-hong-kong-based-shareholders-rebel/ ...

raised gross proceeds of £750,000 via a share placing... to uk investors... a total of 4,166,666 new ordinary shares of no par value... have been placed with new and existing investors... any ideas?...

and has... yangibana...

in one word... orphaned... orphan period... but the family heirlooms are worth billions...

:-)... not necessarily ob... they may have borrowed them way back when... and sold them for 0.5p... buying them back on friday at 0.09p... in profit... to return them to their rightful owner... ;)

the 15m auction was started by a dma bid at 0.09p yes frankie... that buyer got his trade filled in the auction by a seller... the mms may have come down for it... but i didn’t see it so don’t know if they did... or another dma crossed it with a sell... if the mms did go down for it... it’s quite possible that the 33m was also a buy...