Member Info for xtw2

No, RealitBites. If the SFO is continuing investigations into this case then it is NOT into or against Petrofac. It could be into other previous employees or Unaoil, the agent or other agents.

It is so OBVIOUSLY NOT still investigating Petrofac!!!

The SFO Investigation into PFC is FINISHED/OVER!

Read this RNS in full:
https://www.londonstockexchange.com/news-article/PFC/petrofac-limited-statement-on-final-outcome-of-sfo-investigation/15159948

The Chairman & CEO are categoric in their 2 Statements that the SFO Investigation into PFC is FINISHED/OVER! The Chairman & CEO would hardly lie to Shareholders and Stakeholders about this at a time like this!

Maybe earlier RNS re Elliott Investment taking 5% stake but seems a bit of an overreaction. But I’m not complaining!

Wow! Anyone know why this just happened @ 11.46?

Hi Guys

Yes, it’s irritating that I couldn’t Buy via my HL Account, so I Bought via my DEGIRO Account instead back in June. A little more complicated than usual but OK. Effectively, you can’t Buy it ‘Live’ on DEGIRO as DEGIRO only conducts Buys & Sells on TBLD 3x a day, so in order to Trade you have to set a Buy or a Sell Order at your chosen Buy/Sell Price and wait. It’s not such a bad discipline, I suppose.

PS. Nice little Rise today. I think that might be on the back of Frontier Development’s record Revenue & Operating Profit in its Annual Results today, ahead of TBLD’s own H1 21 Interim Results next Wednesday 15th September and Investor Presentation the following week on Monday 20th September.

Try DEGIRO. I just Bought £2k via DEGIRO. A Fee of only £2.02. Cheap as Chips!

See also Berenberg Buy Reiteration with a Price Target of 295p on Tuesday this week:
https://www.sharecast.com/news/broker-recommendations/tuesday-broker-round-up--7976718.html

Hope this helps.

Understand and agree, Dee. I’m deffo not one of those calling for Directors heads. As I said, we should be respectful and professional, but I thought a show of strength might be to our advantage.

Yes, it’s hard to keep up here what with the day job as well!

Could you email me a snapshot of today’s Telegraph
article offline please? I only get the Print version on Saturday and subscribe to the Telegraph App during the week.

Bonkers, I’m glad someone has read and replied to me at least! Haha!

Yes, I see your point re the answer to questions re the Offer pre-Bid.

But what about my other point re an opportunity to Vote Down the Board?

Dee, wouldn’t this show our position of strength if we Voted Against such Resolutions as Re-election of Mr Secker and Mr Hohnen?

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.

See these 3 links for last year’s AGM Resolutions Format/Agenda, Q&As & AGM Results:
https://www.bacanoralithium.com/cms/wp-content/uploads/2020/05/Notice-of-AGM-2020.pdf
https://www.bacanoralithium.com/cms/wp-content/uploads/2020/06/Bacanora-2020-AGM-QA.pdf
https://www.bacanoralithium.com/cms/wp-content/uploads/2020/06/2020-AGM-Proxy-results.pdf

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.

If it’s right it’ll have to be reported on a London Stock Exchange RNS in the coming days.

OK, thanks, dan1nat1/johnpwh, my mistake.

@Dee12345 - Do you need my name & phone number, etc?

Sorry, Dee12345, got waylaid on business again.
Please confirm exact information you need in Email to SaveBCN@protonmail.com.

RNS Number : 0986A
Bacanora Lithium PLC
27 May 2021

M&G reduces Holdings from 15.87% to 13.674250%.

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.

Oh sorry, Dee12345, my bad. But this notification must mean they’ve increased their Stake.