Referring to some of yesterday morning’s comments about the AGM and the Q&A Session afterwards, it seems pretty clear to me that it’s only: “The FORMAL business of the AGM [that] will not deal with any matters pertaining to the possible offer for the Company by Ganfeng… …announced on 6 May 2021.”
“On conclusion of the FORMAL business of the AGM, the Directors and advisers will conduct a question-and-answer session on any other matters that shareholders wish to raise.”
So, we can ask away till our hearts are content about the Takeover Offer!
Indeed, the AGM itself should also give us the opportunity for a Vote of No Confidence in the Directors (if we are that way inclined), assuming the Resolutions “are of a similar nature to those proposed at previous AGMs.” as stated in the Notice of AGM.
I hardly think that analogy is appropriate, Bonkers. It serves absolutely no useful purpose referring to Mr Secker as 'inept' or as a "crook" or implying he's a "burglar" or referring to his or the Board's actions as "criminal". Nor does 'calling for his head' or 'replacing the Board'. If it comes to it, at an AGM or EGM, Mr Secker or the Board will happily converse with the ever-respectful Dee12345 but not some of the other posters on here, using the language referred to above.
Some comments about Mr Secker are out of order. Keep it civil. With the incredibly hard graft and successful campaign that Dee12345 is leading, it'd be a shame to spoil it with unnecessary (and unproven) insults. As Dee has successfully highlighted the small Shareholder revolt, I've no doubt someone from Bacanora is keeping an eye on the comments on this ChatBoard, so be professional and polite. You can still express your feelings without making unfounded accusations.
Dee12345, thefrogster, Fozdog, Strangerstill, johnpwh, jam2tomorrow, bluegrass et al, I’ve just been looking at the makeup of the Board and reading their Biographies.
I see Hanwa has a NED on the Board (Junichi Tomono). So, if he’s supporting a Board’s Resolution to recommend any Offer from Ganfeng, we won’t be able to count on Hanwa’s support.
I also note that the Chairman, Mark Hohnen (who I seem to recall was a Major Shareholder) and one of the other NED’s Peter Strauss are older guys. It may well be that they’re looking for their last big payday, so counting on the Board to do the right thing by its wider Shareholders may be fruitless. Just a thought.
Thanks, Dee12345. Have you or anyone specifically written to Sir Iain Duncan Smith? As you know, Sir Iain was quoted in the original Daily Telegraph article just after BCN’s announcement of Ganfeng’s intention to Bid 67.5p. I’m thinking he could be a significant high profile ally. (He may even be a Shareholder! Although I assume he’d have to declare his interest). If so, I’d love to see his response. If not, it might be more powerful if a letter or email to him came from one of his constituents, since he’s obliged to reply to same. Are any Shareholders here Chingford & Woodford Green constituents? If so maybe they could ask for a meeting with Sir Iain or a Zoom call, or does Sir Iain hold regular Surgeries? I think this would certainly give us some insight and an inside track on what the UK Government and Kwasi Kwarteng, the Business Secretary, is doing or is prepared to do.
Referring to Tmac1103’s post, I don’t think it matters what the history of BCN is; it’s a UK Company now to all intents and purposes. Sir Iain Duncan Smith urged the UK Government to block Ganfeng’s deal/takeover under the new National Security & Investment powers Act (see the first Daily Telegraph article) and that’s good enough for me.
Thanks Guys for all the clarification re Voting Rights and How To Vote, etc. On my part, I’ll contact HL (Hargreaves Lansdown) and DEGIRO and feed my findings back here, although I’m sure a few of us will have our Shares with HL, so apologies if someone has already posted the ‘How To Vote’ for HL.
RNS Number : 6098Z Bacanora Lithium PLC 24 May 2021
D&A Holdings Ltd. on behalf of HSBC International Trustee Ltd., Jersey Branch, WPGSS Ltd. The potential beneficiaries are past and present employees of the William Pears Group of Companies Ltd. and their families.
Hi Dee, thanks for carrying the fire on this one. Sorry for the lack of posting and support for your/our Campaign recently. I’ve been tied up with my business.
Do you know whether what RocketShip says below is correct please? Most of my 185,000 Shares are held in HL, but I also have 4,500 with DEGIRO.
Do you mind if I ask you if you are Dawood Patel or Euan Stewart quoted in yesterday’s Sunday Telegraph article?
Did you see my post on 10 May 2021 @ 21:15? Have you or any of the other Shareholders written to any of those people on my suggested list? If so, just wondering whether you/they have received any responses and what the respective people have said?
RE: Will the share price re-rate?10 May 2021 21:57
Yes, it was indeed rushed, jam2morrow! It was so quick that I didn't have a chance to partake in the Retail Offer @ 45p. But at least, I had a chance to Buy in Lower afterwards, especially since I'd just Bought @ 57p & 58p a few days prior! My average is now 46p, so not too bad.