Member Info for xtw2

Hi johnpwh & Strangerstill
Re: M&G Shareholding
The “RNS Number : 9488X M&G Investment Management Ltd 07 May 2021” states that as at 6th May 2021, M&G owns 52,528,941 Shares 15.87%.

Why do you both think it’s 13.66%. Sorry, I can’t paste a link to the RNS here.

Who says they’re not Buying at current Prices, sam4224? I topped up a little bit last week.

JBTs, please read the previous posts for your answer including mine at 20:38 yesterday with this Subject heading. We’re not day traders, we’re long-term investors who want a fair price for our blood, sweat & tears of investing our hard-earned cash here. Please vote against Ganfeng’s Offer.

I agree, 62% doesn’t make sense to me. Ganfeng 29.99% + M&G 15.87% = 45.86%. That only leaves 54.14% and much of that may be in institutional investors hands, but small enough such that they don’t have to disclose.

Hi nomadicinvestor, how do you calculate that 62% is in private investors hands?

Agreed, mrcautious. Ironically and somewhat hypocritically, President Biden has continued the hardline against China’s economic policies. But M&G is British so hopefully they’ll tow the UK line as laid out by IDS in the Telegraph article.

Yes, you’re right Fozdog, just checked again. It’s 15.87% on Form 8.3.

Ah, apologies, johnpwh, you’ve got serious again! Yours crossed with mine.

M&G’s shareholding is 17.86%. It says so on one of the Forms (8.5 or 8.3) yesterday.

johnpwh, respectfully, if you want a break, why are you on here? This is a ChatBoard for share talk, not cars, beer & football.

My post was cut off at the end and was supposed to end: “Please spread the word via other ChatBoards.” But suggestions about writing to other major Shareholders like M&G, who I agree is key, are great. Do we do a combined petition somehow or individual letters/emails?

This is indeed bad news for Shareholders. Well done to the Daily Telegraph & Sir Iain Duncan-Smith for raising the profile of this yesterday.

Those who invested in Bacanora at 40-60p+ were taking a risk for a reason: if it paid off, their risk would be rewarded with a big payday. That’s how investing in AIM stocks & fledgling companies works. A return of c.50% (for those who risked their hard-earned cash at c.45p a share) is not a just reward for such a valuable asset.

This is hugely political. President Biden & Boris recently expressed concern re China’s economic domination and monopolising key future-proofing commodities. Boris announced the UK intends to stockpile rarer metals & minerals (e.g. Lithium, Cobalt, Copper, Palladium, Rare Earth metals) as China controls much of these commodities via its owned Mines. Then look what happens! For Ganfeng, this Offer is obviously a very shrewd move. But that doesn’t mean we Shareholders should allow it to happen.

According to Shore Capital via a recent vlog, the NAV of BCN’s Sonora Mine stake is worth 200p per Share. Canaccord upgraded BCN to Buy with a Target Price of 85p on 4 Feb 2021. Extrapolating this, BCN’s SP should be 120p by end 2021, with Production starting in 2022, when we should see 200p per Share, IMO. Then, IMO, in 3-5 years (from now) as the Mine ramps up into full Production, we should see 500-650p, assuming Lithium prices don’t rocket in the meantime.

67.5p isn’t just a steal, it’s Daylight Robbery! Dick Turpin would be proud of it!

Remember, the SP hit 67.99p on 12 Jan 2021. (It hit 149p in 2018). This isn’t a fire sale; it has huge potential and is fully funded to Production.

Sure, one of the reasons it’s been made a safer investment and is fully funded is thanks to Ganfeng’s 29.99% Stake, not to mention Ganfeng’s vast experience (it is one of the top 3 global Lithium Producers), but that’s not the point. Ganfeng didn’t lend us Shareholders the money for us to invest, did it?

Personally, I don’t consider all the risk of investing in BCN worth a derisory Offer of 67.5p per Share.

One consideration: larger Shareholders may have to take a one-off hit on CGT as a result of this Offer, rather than spreading their gains across several years and benefiting from CGT Allowances. If this takeover is to happen, at least Shareholders should make sure their gains are worthwhile.

It may well be we’ll see a higher Offer from Ganfeng – ultimately c.200p per Share. G4S’s Board was successful recently in fending off Gardaworld’s initial low Offers; finally obtaining a much better Offer. Entain’s Board more recently rejected an Offer from MGM Resorts because it didn’t represent Entain’s full value. But the way the RNS is worded implies BCN’s Board is going to recommend Ganfeng’s initial Offer. So, we Shareholders may be on our own.

I will be Voting AGAINST Ganfeng’s Offer. I encourage every other Shareholder to do likewise. If you agree, please spread the word

I missed Friday’s Fall. Could someone tell me briefly exactly WHY it fell nearly 20% please?

HereKittyKitty, Director deals were RNS'd this am at 09:32.

Hi jam2morrow, what do you mean by "more dilution to come, 53M shares worth, and that probably won't happen til May" please? What dilution is that? I thought we were now fully funded for construction and production?

Thanks, KLUCK17. I've read the MD&A on SEDAR. I can only find one - is that correct? What do you mean by "pre re domicile" please?

The moaners here strike me as Day Traders or Opportunity Traders not long term holders. I Sold all my existing Holdings except 2 UK Stocks and some US / overseas Stocks and took significant Losses on most to pile in here at 46-47.5p and just topped up with another £4k at 45.3p, which I’d been holding back for a further investment in Petrofac - because I’d been waiting for an opportunity to get in here at circa 45p, having bought £3.5k at 52-53p.
Expecting an almost immediate return is unrealistic and probably means that those shareholders will take profits at the first opportunity. That’s fine as I’ve done that before too. But don’t moan when it doesn’t work immediately. Patience!

SEA7, any info on what happened at 11.58-12.09 please?

Yes, SEA7 & Dr-Kaboom, but it says DEFENDANT NOT REQUIRED. And apparently as it says ‘For Mention’, sentencing will not take place.

Understand, SEA7. But just check CourtServe.net for yourself. I agree re verification. Even though he sent me the court listing and explained it to me, I want to see it for myself in black & white, and in plain English that I understand!

Yes, I understand that SEA7. But I can’t use his name for obvious reasons. He sent me a screenshot of the CourtServe screen showing the case as ‘For Mention’ ‘S20190022 LUFKIN David CLONM Serious Fraud Office ***PAPER FILE***. DEFENDANT NOT REQUIRED FOR HEARING. COUNSEL VIA CVP.’
under HER HONOUR JUDGE TAYLOR.

True, they could’ve been smaller incremental amounts but I think comparisons with the deal sizes are irrelevant. Whoever Lufkin reported to, presumably into the board, would’ve been culpable. And they’ve probably left the company too.