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@Excelsior#Lithium$BCN$BCRMF Bacanora Minerals Announces Rebuttal of Proposed Merger
CALGARY, ALBERTA--(Marketwired - Sept. 30, 2016) -
Bacanora Minerals Ltd., the Toronto and London listed company focused on developing the Sonora Project in Mexico into a world class lithium carbonate operation, announces that it has received an unsolicited non-binding indicative proposal from $REM.L$RARMF Rare Earth Minerals plc, an AIM listed investment vehicle with a 19.8% holding in the Company. The Proposal envisages an all-share merger of Bacanora and REM with REM acting as the acquiring entity (via a reverse takeover) and issuing newly issued REM shares to Bacanora's shareholders. The merger exchange ratio proposed by REM is between 135 and 141 REM shares for each outstanding Bacanora share. The Board of Bacanora strongly rejects the Proposal believing it significantly undervalues the Company and jeopardizes Sonora's development path to production.
@Excelsior@Xriva - Good thoughts. Like you, I have all the respect in the world for Friedman and Rule (for Gold/Silver/Copper/Uranium), but in listening to their bashing of #Lithium and the #BackUpBattery markets, they clearly have a lot to learn still.
***Anyone that wants to understand how Disruptive industries change things in short spans of time should really take the time to watch this video from Tony Seba (the middle and end are focused on the #Lithium and #Battery markets and they are real eye-openers!!)
Yes, I agree most LI companies are nothing more than marketing fluff, but $ORL$OROCF Orocobre Limited $GXY.AX$GALXF Galaxy Resource, $LAC$LACDF Lithium Americas and $NMX$NMKEF Nemaska Lithium are some of the real companies with a future. I own all 4 but also have a position in $NMT.AX$RRSSF NeoMetals as they are currently ramping up into production with their JV partners $MIN.AX$MALRF Mineral Resources & Ganfeng Lithium.
I still think there is room for a few more and maybe it will be $CRE$CRECF Critial Elements Corp, $BCN$BCRMF Bacanora Minerals, $DJI$DJIFF Dajin Resources, $PE$PEMIF Pure Energy Minerals, or $LIX$LIXXF Lithium X.
@ExcelsiorA. Paul Gill @APaulGill very good thoughts on $SQM and the importance #Lithium will play in their profit mix on a go forward basis. My biggest investing positions in the lithium sector are in $GXY.AX$GALXF Galaxy Resources, $ORL$OROCF Orocobre, and $RRSSF$NMT.AX NeoMetals because they are in production or ramping up into commercial production, but I also like the development stage plays of $LAC$LACDF Lithium Americas Corp (because they are partnered with $SQM and they have the organoclays as secondary revenue stream), $NMX$NMKEF Nemaska and $CRE$CRECF Critical Elements. There are a few other companies that look interesting like $PLS.AX$PILBF Pilbara, $DJI$DJIFF Dajin Resources, $BCN$BCRMF Bacanora Minerals, $PE$PEMIF Pure Energy Minerals, and $FL$HLKMF Frontier Lithium. Yes, I'm followed $LMR Lomiko for a while and have traded it as a quality Graphite stock in the past, but didn't realize the exposure you had to Lithium until I just went and visited your websited. Very cool to get your perspective, and I wish you and your team all the best Paul.