Bacanora Lithium Share Price (BCN)

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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 Shares Traded Last Trade
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  0.00 0.0% 67.00 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
67.00 67.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining -9.57 -4.04 259
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 67.00 GBX
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Bacanora Lithium (BCN) Latest News

Bacanora Lithium News

Date Time Source Headline
21/1/202214:27ALNCNewsIN BRIEF: Bacanora Lithium delisting date nears amid Ganfeng takeover
21/1/202212:58UKREGBacanora Lithium PLC Update on Ganfeng Offer Acceptances
14/1/202217:13UKREGBacanora Lithium PLC Holding(s) in Company
10/1/202207:00UKREGBacanora Lithium PLC Settlement of Debt Facility
29/12/202111:29UKREGBacanora Lithium PLC Admission and PDMR dealing
24/12/202108:33UKREGBacanora Lithium PLC Holding(s) in Company
23/12/202121:13ALNCNewsIN BRIEF: Bacanora Lithium sets delisting date after Ganfeng takeover
23/12/202113:28DJNBacanora Requests Cancellation of London Listing on Ganfeng Offer
23/12/202112:09UKREGBacanora Lithium PLC Cancellation of Admission
22/12/202110:49UKREGBacanora Lithium PLC Holding(s) in Company
More Bacanora Lithium News
Bacanora Lithium Investors    Bacanora Lithium Takeover Rumours

Bacanora Lithium (BCN) Discussions and Chat

Bacanora Lithium Forums and Chat

Date Time Title Posts
28/1/202205:20Bacanora Minerals5,650
20/1/202105:07Bytecoin Price Prediction 2021-
13/9/202013:40FINANCIAL TIMES: NEW BATTERY TO TRANSFORM ELECTRIC CARS3
13/9/202013:40Bacanora Minerals to head back to 60p37
13/9/202013:39long term holder4

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Bacanora Lithium (BCN) Top Chat Posts

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Posted at 26/11/2022 08:20 by Bacanora Lithium Daily Update
Bacanora Lithium Plc is listed in the Mining sector of the London Stock Exchange with ticker BCN. The last closing price for Bacanora Lithium was 67p.
Bacanora Lithium Plc has a 4 week average price of 0p and a 12 week average price of 0p.
The 1 year high share price is 69.25p while the 1 year low share price is currently 62.50p.
There are currently 387,136,502 shares in issue and the average daily traded volume is 0 shares. The market capitalisation of Bacanora Lithium Plc is £259,381,456.34.
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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.
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Posted at 24/12/2021 15:56 by bountyhunter
Bacanora has informed the London Stock Exchange that it wishes to cancel the admission to trading of Bacanora Shares on AIM (the "Cancellation").

With BCN gone the next LSE target is likely to be one of ZNWD, EMH or SAV imho, all of which have share prices which have remained depressed despite the recent significant rise in the market price of Lithium over the last few months.
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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.
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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.
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Posted at 08/11/2021 09:25 by tigletpiglet
To eakin28 Oct '21 - 14:01 - 5553 of 5568

Clearly you're an amateur investor or just unwilling to take the letter as an input to your thought process. It's very childish to accept or reject based on your angry response to a letter. Grow up and think it through properly as an objective investor.

I got the same letter and it made me think about the merits of this offer. When I originally invested in #BCN I had a share price about 10x as much as the offer price in my analysis. I'd lost hope a bit as I thought it was a done deal because the board have supported it and committed to the deal.

Now I'm not so sure. I looked at the last two RNS and there was zero increase in acceptance of the offer. All Ganfeng did was add the M&G figure to the total where the just listed it as a letter of intent the previous week. Other than that zero incremental acceptance.

The exec board members stand to benefit from their options vesting early on the takeover yet have very little actual % holding in the company.

Ganfeng have massive take off agreements that need this 250+ year resource and are clearly making a strategic play as are many other Chinese companies. There's no way they will back out if their offer isn't accepted. Either they will increase it or continue as JV partner which will be a lot better, financially, for LT shareholders.

Having analysed all the inputs I can find, I've decided that they are not best representing my interests as a shareholder and I am going to REJECT this offer.

Just my thoughts, speculation and opinion and in no way financial advice.

GLA
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Posted at 07/11/2021 22:22 by godofserpents
@casa Likely yes. If Ganfeng get to 50% your shares will still be listed and tradable. Above 75% Ganfeng would apply to delist which would be riskier for ISA holders but I suspect offer would remain on the table as they really want 90%. Not sure how the cut off sits now with the Mexico government delaying things now. With an outside chance the deal could scuppered. I'm kind of hoping that the 75% level is not hit, as such I haven't accepted.

Just a side note. You don't have to accept to get the ZNWD shares. If Ganfeng get over 50% the shares will be given to all holders as a dividend and those will stay in your ISA/SIPP whatever happens around delisting.

The deal definitely greatly undervalues the asset and the share price has been held back with this hanging over it. If the deal doesn't go through, the price is likely to drop but I would suspect only short term as Ganfeng need this asset online to hit their targets even if it under a off-take as a JV.
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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 here 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.
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Posted at 26/8/2021 13:47 by jlondon
---Day after takeover offer by Ganfeng--
Mexican govt silent. Mexican press silent and the chatter etc. No sound on Twitter from these corners vs previous. Why? The Mexican govt has asked how they intend to tackle the manufacturing of the clay ie the chemical processes etc. The Chief Geologist of Mexico said that no one has yet produced "commercial quantitites" of lithium from clay. Also, the govt asked the co if they require the army to be in the factory. PS said no as they will have their own guards. Why? The Mexican govt fears that the ma fia will want to be in the mix for the lithium etc. So, there is what is commonly known as "execution risk" as norm in mining projects of a general nature but in this case, one of chemistry as well. Hence, during this period, no other co has come forth to offer for BCN prior to yesterday*s offer, 25 Aug 2021.

ZNWD
Malik on Twitter under ZNWD said that on the takeover completed the institutions will also be holders of ZNWD given BCN holders on the record date will get the former. I posted yesterday who the institutions are. Malik posted the names of some of the institutions on Twitter.

TAKEOVER
The original offer of 67.5p has now been lifted to 73.6p per the articles, the difference comes from the free Zinnwald shares.

So, the history is complete. From recall, the broker target was around the £1 mark which was also the offer REM plc made but was rejected at the time. Whilst the NPV for Sonora is US$1.25bn [PRE-TAX], BCN no longer owns 100% of the project but only 50% and a bit less as part of the project also involves REM Mexico Ltd who signed the agreement then under DL. It is still registered in the name REM Mexico Ltd. Also, no more sound of nat by the Mex govt given they are aware of the above as said. All public info. I posted yesterday that the deal is worth US$393m on the FX rate yesterday although FT gave it in £.

So, that is the past, present and of the future, only time will tell. DYOR. Currently, the share price to buy is 66.99p @2:50pm, Thur, 26 Aug 2021.

Thur 26 Aug 2021.
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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?
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Posted at 25/8/2021 15:44 by jaf111
BCN price still rather cheap with ZNWD shares added in....
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Bacanora Lithium share price data is direct from the London Stock Exchange
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