By Cliff Weight. Please note these are my personal views and do not necessarily represent ShareSoc's views. I have never owned BCN shares, but am considering buying.
Bacanora is subject to a possible offer from Chinese firm Ganfeng at 67.5p. The Takeover panel have issued a put up or shut up notice. A shareholder action group has been formed, with 400 investors who collectively own 7% of the shares. To join click here https://savebacanora.com/blog/ They also have an active WhatsApp group.
The background ...
https://www.thisismoney.co.uk/money/markets/article-9641119/Backlash-sale-lithium-Chinese-predator.html reports that:
Cliff Weight, director of shareholders champion ShareSoc, said: 'When foreign joint ventures are listed on the London Stock Exchange, it is very difficult for the rights of minority shareholders to be protected.
'Companies such as Bacanora need to be much more transparent, so it is easier for investors to understand the options and warrants that JV (joint venture) partners have. It looks like the Chinese are buying lithium assets on the cheap.'
A ShareSoc news item by Cliff Weight, Director
Private investors lose out in corporate bids-
Takeover Panel must change rules to compel companies to disclose acquisition approaches sooner
ShareSoc Patron Lord Lee is campaigning for better disclosure in relation to takeover bids and has written this excellent detailed article in the Financial Times.
There have been a number of occasions when individual investors have lost money by buying or selling shares when they were not privy to information which arguably should have been disclosed to ...
Lord Lee, Patron of ShareSoc was quoted extensively in this article in The Times about his concerns regarding disclosures surrounding takeovers.
This was the second article in The Times about Lord Lee's concerns.
ShareSoc is fully aligned with Lord Lee and have issued a press release about this.
In this SCVR Paul Scott highlights our press release relating to Takeover Panel Rules.
One of ShareSoc’s key beliefs is that private investors are important and their voice needs to be heard. The current, for want of a better word, shenanigans, at Petropavlovsk (POG) gives private investors a key role in determining the future of a company.
Books could be written about POG, and probably deserve to be. It is a gold miner in Siberia, whose shares rose to above £5 in 2011, before collapsing under the weight of debt and being rescued by an emergency ...