Member Info for tomcat-14

should we be feeling a little bit vulnerable at this sp... with so much hidden value... i do...

degsie... bcn don’t own 50% of sonora... using your figures...
bcn £218m (40%)...
gfl £218m (40%)...
kdnc £109m (20%)...
total £545m (100%)...
a little bit higher than what i posted yesterday... but what’s 1ship load of iron ore between friends...

48,670t x $212.1/t = $10,322,907... at today’s price...

ooooow... and so close to tango’s 48,810t weigh in... maybe next time... great work by the port again though... i think they like turning these ore carriers around... from a volumetric aspect... there’s a lot less buckets of iron to load than chips...

i don’t think it is to be honest cause... the courts approved the jrp already... can’t we just waive this outstanding condition on to the next dipb financing stage... get our 20% ownership and get the project moving proper... (jrp clause 5.1... sub clauses 5.1.1.3 & 5.1.1.4)...

if the banks won’t settle... and i mean won’t... ever... who owns it then...

‘the jrp is part of a regulated process under the laws of brazil... in which the company under judicial review and investors can submit a recovery plan which will allow the company under judicial review... in this case... the amapá... to trade under a protected status while it recovers from its financial difficulties’...

no... it was a leading question... ;)
who owns dev...

who does own it?...

which ones?...

11.5m draught... maxed out again... :)

at least we’ve got an uptodate valuation for our jv assets... straight from the gorilla’s mouth...
bcn owns about 40% of sonora... ganfeng are looking to acquire that 40% for £200m... (100% £500m)...
kdnc owns about 20% of sonora (~30% of 70%)... which would value our jv’s today... at £100m... ;)

the quandary for me... us... is... i don’t know now whether i should be buying bcn shares to support ganfeng’s offer... and be partnered with this 800lb global lithium gorilla... or should i be buying bcn shares to oppose the offer and have it shot... lmao...

regardless of that... i worked out that pi’s will need over 74,063,137 votes against... to block it... i don’t think a new bod can block it... they could only recommend against it... if the offer is made officially... it has to go to a shareholder vote... or get a regulatory ban on ganfeng owning 100% bcn...

thanks squid... you got the beers ready to wave ‘em off later...

can anyone remember what the cash equivalent offer was that we made... that bcn directors refused at the time... i have about £1 in my mind...

bcn are a uk listed company... and are governed by the uk laws and takeover code... mergers and monopolies commission... etc... maybe the sonora lithium asset has a much higher global significance than you (and the uk aim market) credit(ed) it... does the re-dom make more sense... now this has happened...

i know... but look at the additional revenue as additional profits... for us shareholders... the cash flow forecasts in the jrp are a good basis for the project’s success... costs have been well managed and serviced strategically along the life of the mine... to suit all the investors who signed up to that at the time...

no... it will be funded as defined in the jrp... the debt financing has other benefits... not just additional $’s on the profit sheet...

just to point out a significant error in some of your recent posts news...
page 32... https://www.bacanoralithium.com/cms/wp-content/uploads/2021/03/BCN-Annual-Report-2020.pdf ...

kdnc’s direct ownership of the sonora lithium assets... is at asset level... via mexilit and megalit... not via sonora lithium ltd (sll)...

ganfeng’s direct ownership of the sonora lithium assets... is at the holdings company level... via sonora lithium ltd (sll)...