BACANORA LITHIUM PLC (BCN)

BACANORA LITHIUM PLC (BCN)

Blog posts

ShareSoc Patron Lord Lee Parliamentary Question about Bacanora take-over

The background is that ShareSoc was approached by the Bacanora Lithium Shareholder Action Group which is being run by Dee Patel who asked for ShareSoc’s assistance. We have helped them in explaining some key issues in how to run a campaign, how to obtain the shareholder register, problems with voting nominee shares, etc. We also thought whether a takeover would be in the UK public interest issue. We drew this to the attention of ShareSoc Patron Lord Lee, who has now tabled ...

Bacanora “offer” by Ganfeng

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 ...

Daily Mail, 2 June 2021, Bacanora takeover “offer” by Chinese company Ganfeng

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.' .

ShareSoc News

Bacanora Lithium: Think BIG ask Board to seek better offer

Think BIG, who ShareSoc are supporting in their campaign, have sent the following letter to the Board of Bacanora Lithium. This letter will be RNS’d by ShareSoc at 07.45 tomorrow morning 25 November.  Think BIG - Bacanora Investors’ Group 24 November , 2021 To the Board of Directors Bacanora Lithium plc (the “Board”). In this Open Letter we explain our reasons why we think the offer from Ganfeng is not in the best interests of shareholders, suggest the Board seek to negotiate a ...

Bacanora Update 30 Oct – Think BIG send letter to shareholders

Sharesoc continue to support Think BIG. ShareSoc have requisitioned the shareholder register and Think BIG have this week sent the following letter to close to 10,000 shareholders. This had to be sent by post, incurring significant costs which were met by crowdfunding from dissatisfied investors, as the company refused to supply us with email addresses: Think BiG Letter to BCN Shareholders https://www.investorschronicle.co.uk/news/2021/10/14/the-battle-for-bacanora/ is a good write up of the issues and why we think there should be a higher offer for Bacanora. More information ...

Policy and Campaigns – Progress Update 14 June 2021

ShareSoc News Item by Director Cliff Weight In May and early June, we worked on: Woodford Campaign: Leigh Day received their response from Clifford Chance to their LBA (Letter Before Action). It looks like the case will go to court but it could take 3 more years. Leigh Day remain the only claim with insurance and funding in place. Harcus Parker have funding but do not have ATE insurance. RGL have neither insurance nor funding (other than funding for an initial ...

Media Mentions

Daily Mail, 2 June 2021, Bacanora takeover “offer” by Chinese company Ganfeng

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.' .
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