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BCN Bacanora Lithium Plc

67.00
0.00 (0.00%)
24 Dec 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Bacanora Lithium Plc BCN London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 67.00 00:00:00
Open Price Low Price High Price Close Price Previous Close
67.00 67.00
more quote information »

Bacanora Lithium BCN Dividends History

No dividends issued between 26 Dec 2014 and 26 Dec 2024

Top Dividend Posts

Top Posts
Posted at 28/1/2022 01:41 by theshidoshi
I wake up to my BCN shares on Interactive Investor showing a total loss of -100%. I thought they would be closed out if I did not sell and get paid 67.7p/share? Nothing was deposited in my ii account
Posted at 04/1/2022 17:33 by hopperagain
I've still got my 10,000 BCN shares in my AJ Bell Sipp + the ZNWD shares are there too. I noticed BCN at 68.5 p recently, but assumed they could not be traded.!!! I've still got the BCN at the close of business today, but no cash. This is very strange, as the allocated ZNWD shares are +22% today.
Posted at 29/12/2021 13:58 by pinchers
ZNWD shares now in Halifax, waiting on my dosh from sale of BCN
Posted at 28/12/2021 23:30 by adobbing
Anybody actually had the cash yet?

Have had the ZNWD shares added to my account on ii, but the BCN(A) shares still show, with no corresponding cash.
Posted at 24/12/2021 16:19 by adobbing
@bountyhunter
Agree and hold all of them, when the cash from BCN comes through, it will be going into EMH and KDNC.
KDNC still have exposure in / around the Sonora asset that Ganfeng will no doubt now expedite.
Posted at 24/12/2021 15:27 by adobbing
Mine were in an II ISA account.
Last week the ticker symbol for my holding, changed from BCN to BCNA and I can no longer access them.

The ZNWD shares arrived without notice sometime this week and are already tradable.

I already held ZNWD in my account and the number of shares has just increased by the appropriate amount.
Posted at 24/12/2021 14:41 by pinchers
Spoke to the Halifax last week after my BCN shares disappeared with no way to track, they said that it was all in hand and that my instruction to sell had gone through Ok, were waiting on Mexican Gov decision. It's always a slow process, hopefully will get my BCN money, and ZNWD shares befor 31st Dec. Just checked again, nothing yet.
Posted at 03/9/2021 18:01 by bountyhunter
The only thing missed is that the deal is dependent on the Mexican authorities approval - not yet received, hence the risk premium - i.e. the Mexicans could block it, which is why I prefer a direct investment in ZNWD, especially at the current price.

Re the BCN deal execution risk see post 5507 and the details from the RNS concerning the prerequisite Mexican authorities approvals detailed below.

From the BCN RNS..

- as certain of Bacanora's assets are held in and by Mexican corporate entities, the Offer is conditional upon obtaining unconditional approval from the Mexican Federal Economic Competition Commission (the "FECC") (the "Mexican Antitrust Clearance")

...the Offer will not become or be declared unconditional unless the following Conditions (as amended if appropriate) have been satisfied or, where relevant, waived:
Mexican competition clearance
2.1 either (a) the deemed unconditional approval of the Offer by the FECC, or (b) the issuance by the FECC of a resolution granting unconditional approval of the Offer

So as the BCN deal is not without noteworthy execution risk, buying BCN now and assuming the cash + the ZNWD distribution is all but guaranteed is not necessarily a wise move - hence the current price of BCN shares as the Mexican Government could block the BCN takeover by Ganfeng. So as always the current market valuation takes all factors into account.
Posted at 25/8/2021 17:38 by jlondon
BCN shareholders:
Ganfeng 28.9%
M & G 13.7%
HL 5.3%
Robeco Asset Mgm 4.24%
Hanwa 3.21%
HL Asset Mgm 2.76%
Credit Agricole 2.11%
Igneous Capital 1.81%
Henderson Global Inv 1.8%
Northern Trust Global Inv 1.67%
Source: Market Screener, Wed 25 Aug 2021.
==
"Bacanora Lithium shares rise after agreeing to sweetened offer from Ganfeng."-Market Watch

Ganfeng increased its offer to -----73.6p---- in cash & Zinnwald shares [cash 67.5p]
+0.23589 Zinnwald shares for each BCN share. "Ganfeng has received commitments to ACCEPT the offer from the M & G recovery fund which controls around 13.7% BCN shares."

Ganfeng first invested in BCN in 2019 and ----"currently OWNS 50% of the Sonora Lithium project in Mexico------operated by BCN."

Comment:
On another forum today, 25 Aug 2021, it was quoted that Sonora Lithium*s NPV is US$1.25 billion. This figure was from the 2018 Scoping Study which is PRE-TAX for 100% share. BCN no longer owns 100% of Sonora Lithium project as above?
Posted at 16/8/2021 11:33 by lazygun
Heh, maybe bcn shareholders should buy loads of zinnwald, hope it drives up price of zinnwald, thereby hopefully increasing value of bcn’s stake in it, thus adding to bcn’s own nav..... so it makes for a stronger case for the bcn offer to be upped.... (entirely tongue in cheek of course)....

L

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