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Share Name Share Symbol Market Type Share ISIN Share Description
Bacanora Lithium Plc LSE:BCN London Ordinary Share GB00BD20C246 ORDS 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 67.00 67.00 67.50 - 0.00 01:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -9.6 -4.0 - 259

Bacanora Lithium Share Discussion Threads

Showing 5601 to 5621 of 5925 messages
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DateSubjectAuthorDiscuss
12/5/2021
19:05
Bought 20k for the wife's ISA @ 56.4 At 67 next Feb that's 25% p.a. return.
outsizeclothes.com
12/5/2021
10:52
Peaky traders you must be really desperate. How much money have you lost on SYME so far?
trainsailing
12/5/2021
09:24
More for me at 55.8 this morning. I have limit orders set all the way back down. Given my strong conviction i should back it up by continuing to buy!
rimau1
11/5/2021
18:54
Yes,i agree with your thoughts,I think a counter bid unlikely,not only because of Ganfeng’s stranglehold of a near 30% holding but because of how matey the BCN management are with Ganfeng.A purchaser pays what he has to in order to secure a deal,paying a ‘fair’ price has nothing to do with it,we all love a bargain.M&G might push for a few more coppers.They might of been sounded out pre the recent RNS but actually,a lot of institutions balk at being ‘taken over the fence’ pre sensitive announcements because it effectively ties their hands.If a formal offer of 67p emerges,then the MMs will probably make something round 60p ish.They know how impatient people will be to move on.They’re playing that card now.
steeplejack
11/5/2021
16:44
Would have thought a formal offer by the 3rd would take this to 65p straight away imo We shall see
return_of_the_apeman
11/5/2021
14:24
You don't really need to buy the whole company. Some institution or fund just needs to buy enough to block the takeover and look forward to a much higher share price in the future. That is someone looking for 120p in the future plus dividends.
r65767
11/5/2021
13:52
There's going to be no counter offer unless someone believes that Gangfeng will sell their 17 / 29% shares and their half of Sonora. They might do, but highly unlikely as they know the potential. So at 56p to buy, existing and potential shareholders are looking at a 9 month target of getting 67. The Board & Gangfeng will have sounded out institutions. The formal offer will be made by June 3rd, and we will then probably see 58-60p, followed by a penny a month climb to 67.
outsizeclothes.com
11/5/2021
09:22
Farrugia - My point was more around that a competing offer is extremely unlikely due to Gangfengs existing ownership and significant control (Sonora 50%, and project manager). To your point the key is that the board of directors are recommending the offer, they usually have an informed view on stakeholders appetite to sell before going on record as approving the offer and also remember we had a placing at 45p so those shares are 50% up. Its all just my opinion.
rimau1
11/5/2021
08:09
rimau with your reasoning Gangfeng will have to pay out more or they risk minority shareholders not approving the 75%
farrugia
10/5/2021
16:31
It has to announce that it intends to MAKE the offer. But then has ages to come up with the dosh. And no rush to do it. And look at the time they usually take to get the $$$ out of China. They have the cheek to pretend they own 29% of the company when they still haven't paid for it and actually own 17.41%.
igbertsponk
10/5/2021
16:23
after reading the potential offer couple of times I'm still not sure about the timetable. Does GF need to come up with formal offer until the 3rd of June unless they ask for extension? These two paragraphs seems to contradict each other: In accordance with Rule 2.6(a) of the Code, by not later than 5.00 p.m. on 3 June 2021, Ganfeng must either announce a firm intention to make an offer for the Company in accordance with Rule 2.7 of the Code or announce that it does not intend to make an offer, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. This deadline can be extended with the consent of the Panel on Takeovers and Mergers in accordance with Rule 2.6(c) of the Code. and It is expected to take up to eight months for the Outbound Direct Investment Pre-Condition to be satisfied, such that in the event that each Pre-Condition has been satisfied (or alternatively waived if capable of waiver), the Agreed Form 2.7 Announcement should be made prior to 31 December 2021. is any1 here any wiser?
coldjoe
10/5/2021
11:28
I remember laughing at KDNC selling their shares at a quid.. oh how I laugh now..
dplewis1
10/5/2021
10:17
peanut money..not worth the effort selling
johncasey
10/5/2021
10:05
A profit is a profit.Always worked fine for me.
geraldus
10/5/2021
10:01
You have to love those who tell us they have sold up and moved in to X.
beeks of arabia
10/5/2021
09:59
Strange price reaction to a bid.Must admit,moved some into HEIQ.Direct EV beneficiary with potential battery advancements in the pipeline.Gla.
geraldus
10/5/2021
09:49
Very true - can't blame the Chinese. The fault lies entirely with our board who seemed to have rolled over at the first offer. Parachute David Frost in and we might benefit from someone who can play hardball.
husbod
10/5/2021
09:41
Just sold up and gone to Zinnwald . Seems like the logical thing to do as I believe they are next ....
cleverinvester
10/5/2021
09:40
Well they ain’t want to buy it overvalued that’s just human nature I’m a 57yo fifer and wee kin moan Laudie
linton5
10/5/2021
09:37
I'm of a certain age where moaning comes naturally. I'll moan at anything me but I'll particularly moan at the sale of a company at an undervalue and really really moan when that sale is to the Chinese.
husbod
10/5/2021
09:35
board are getting backhanders...obvious
johncasey
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