Member Info for tomcat-14

chances = zero… bcn is a uk company… i’m not even sure what their remit is or would be over this takeover… https://scholar.smu.edu/cgi/viewcontent.cgi?article=1833&context=lbra …

it’s just another attempt to tot up how many acceptances they can get up to this month… the last count up of november…
pursuant to rule 31.4(b) of the code… it is anticipated that the suspended timetable for the offer will resume on the date on which the mexican antitrust clearance condition is satisfied or waived… it is further anticipated that such date will be the 28th day prior to the new day 60…
pursuant to rule 31.4(d) of the code… following resumption of the offer timetable in accordance with the code… ganfeng will make an immediate announcement confirming the new day 60…
https://www.lse.co.uk/rns/BCN/offer-timetable-suspension-mhuminfrz1ljbul.html …

what day is it…

this scoping study contemplates an integrated mining and processing operation generates a pre-tax npv of $2,023 million and a pre-tax irr of 42% at a lithium carbonate price of $6,500 per tonne and at an 8% discount rate…

npv8 $2bn… what would that be in 2022… with lce prices anticipated to soar above $40,000/t…

sensitivity (table 27) ~$333m per $500/t lce…

does it fit… ;)

remember the 70ktpa scoping study…

future plant expansion land… and construction start dates…

https://www.lse.co.uk/rns/BCN/capital-reduction-effective-and-project-update-uaaj8nnltrzib8o.html …

Sonora Project Update…
Lithium process plant engineering, from the Ganfeng team in Xinyu, is aiming for long lead items to be ordered for delivery to Sonora in late 2022 and early 2023. In addition, Ganfeng is reviewing a lithium plant production rate above the previously planned 17,500 tonnes per year.
Earthworks surveys and geotechnical testwork are ongoing within the plant site area where surface vegetation and topsoil were rescued and removed. In addition, the Company has acquired an additional 500 hectares of land at the eastern end of the plant site location to allow for future plant expansions.
As a result of the ongoing COVID-19 related travel restrictions, the site earthworks engineering packages that had previously been rescheduled will now commence in December 2021, with civil and concrete works scheduled for Q1 and Q2, 2022.
The accommodation facilities for the construction teams are now being manufactured in Sonora, and the first camp units will be delivered to site in December.
The project continues to maintain its previously advised delivery schedule, with the first lithium plant commissioning planned for late Q4, 2023.

it was supposed to have been all over today… the original anticipated day-60 of the offer… had everything gone to plan… not sure why they chose sunday… maybe they always knew an extension was inevitable…

could have gone in for the count… in full or part… if these were / included nominee accounts…

the only reason they updated us was because they broke the 50% reporting threshold… the weekly update reports have been suspended with the offer…

yep… actively suppressing the sp in advance of their offer… there’s a list as long as my arm… with secker’s name again the majority of them…

you can clearly see that jamie stratus’s nominee holder has sent his remaining acceptances through since the last update… so at least one or more have done…

looks to me like they are binding time with these conditions now… before they declare it unconditional… time that they need to get it up to their next target 75%… or the most likely target 82.22%… so that they can then revert back to a scheme… setting the acceptance condition so low at 50%… keeps their options open now if it doesn’t look like they will get there before the long stop…
they’ve definitely got a few bases covered…

interesting that it seems that it is for the takeover panel to waive this and any other outstanding conditions that can be waived…

*(ec’s)…

at least 1 (mh’s)… possibly 2 (Ed’s) nominee holders… have not yet put their clients acceptances through to ganfeng… js’s nominee holder has done… and a few others i suspect…

bcn shares in issue… 384,144,901… (100%)…
ganfeng’s holdings… 110,933,697… (28.88%)…
valid acceptances since 27oct… 52,800,716… (13.74%)…
total valid acceptances… 106,453,356… (27.71%)…
total… 217,387,053… (56.59%)…

it’s all gone quiet on that front hasn’t it… offer is still suspended awaiting macc1… no further acceptances reported… t-50days to the long stop…

https://polaris.brighterir.com/public/bacanora_lithium/news/rns/story/w04g28x …

i can’t see how they can still be expecting anyone to sell at 73.6p now…
the value of lce has increased significantly since they made this offer… surely the bod should be withdrawing their recommendations immediately… the price/value is going through the roof…