Which way will I vote?10 May 2021 12:41
Bacanora boasts today on it's website an NPV of US$ 1.25bn for Sonora with IRR of 26.1%
This doesn't include ZNWD investment of 44.3% and 2% net profit royalty.
I started buying Bacanora shares in July 2014 at 89.67p through May 2015 at 88.93p, through July 2018 at 67p and, thankfully, some in August 2019 at 35.99p.
All that time I believed Peter Secker's webcasts, RNS's, blogs, and Website declarations of how fantastic this company was going to be. I have been loyal to this company for 7 years not selling a single share.
Peter Secker now recommends that I accept 67.5p for my shares. No future dividends, no building of my investment to the NPV value, and to hand over all future profit and asset ownership to a Chinese company.
This is a very sad situation.
I think you can guess which way I shall be voting.