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I quote: My Wed, 17 Mar 2021 post below @REM plc
A n s w e r:
1]"REM U S E D to own 20% of EMH & BCN."
Used is PAST TENSE, not current.
---So, correct as it is past------
2] I quote from my Wed, 17 Mar 2021 post: "REM*s stake in EMH come to £15.39m or I F 10% £17.1m." At the time of this post, I had casually seen folks mentioning EMH in relation to their sale at KDNC plc [new name for REM plc]. I was unable to check as I was too busy in between things.
As you stated that I DID CAVEAT: "PLEASE KINDLY CHECK RNS."
I CAVEAT with "Please kindly CHECK RNS" because it is OBVIOUS that I do NOT have the exact figure from the RNS or else I could have quoted the figure from it. Any intelligent person could have seen that, hence it means that if you have an interest [financial or otherwise], it is INCUMBENT on the person to CHECK. I remember that if one asks one*s parent something loads of times over different subject matters, they tell you, I am NOT a walking dictionary.
So, in this case, a CAVEAT: PLEASE CHECK means to take PERSONAL RESPONSIBILITY as I provide NO LEGAL WARRANTY OR OTHERWISE. That is what a CAVEAT is meant to do.
When I state in my posts: "PLEASE CHECK" it also means that RESPONSIBILITY PASSES to check as I cannot GUARANTEE that my notes taken in the night via research is not copied wrongly or otherwise.
When I state in my posts: "KINDLY CORRECT IF WRONG", it is NOT AN INVITATION to correct me so that forums are FILLED up with toing and froing and folks get tired of this. I am being diplomatic to say that if CORRECT, then CORRECT, again a CAVEAT.
This REM forum is from the PAST when this co existed. REM NO LONGER EXISTS and therefore no one visits this site. It CANNOT BE FOUND EASILY as when I type REM into the window, it will not SHOW the STOCK EXCHANGE SYMBOL REM. So, I have to enter and PRESS regardless and it comes up.
Also, there are LIMITED pages available on this site now so that archival history is no longer available going back.
I AVOIDED KDNC as I do not want TOING & FROING. I HAVE AVOIDED KDNC.PL which is the Acquis section as well for the SAME REASON.
So, I did NOT EXPECT TO BE FOLLOWED FROM KDNC, KDNC.PL to this D E A D SITE.
My purpose in posting here is merely on the LEGACY OF DAVID LENIGAS as a HISTORICAL PERSPECTIVE to see what he INVESTED IN and what he SAID then vs 2021 today.
I found out that EMH is now some £175m depending on when one checks and at what time of the day but that was accurate when I saw it FOR MYSELF ONLY.
From this I learnt that what he supposedly said at a party [I did not attend] of 5p could have come to some £180m + ? I have no figures at hand from the past but I take what Dallasdaz said of the height of REM plc THEN @2.25p intra-day?
contd.
@news: "Investee co of REM plc, initially 20% mark but now reduced to some 9%+ approx. Kindly check latest RNS."
"Form TR-1 Notification" (15th Mar 2021)
https://www.lse.co.uk/rns/KDNC/form-tr-1-notification-bi2nazkfw3cjnab.html
===[
On 4/03/2021 and as a result of the issue of 2,735,880 shares in European Metals Holdings Limited, Cadence Minerals PLC voting rights decreased to 10.84%.
]===
10.84% is "9%+ approx", but I thought you'd like to know as I would have thought you would have said "10%+ approx" if you had know it was greater than 10%.
Please let me know if you would have rather I said nothing - I wouldn't have said anything had you not said: "Kindly check latest RNS."
Yours in good faith,
Ob.
P.S.
Robert Friedland, the legendary miner has a private vehicle to invest in green energy metals eg vanadium, copper etc. However, I have not yet researched whether he has bought into lithium yet ?
Sir Mick Davies has been in the news also with his SPAC vehicle listed in the USA, also to invest in green energy metals. He did a deal with FAR [vanadium]. Earlier, he did a deal in graphite.
It would have been nice for David Lenigas, Founder of REM plc to have also taken this co into the same green energy metals. Already, many years ago, he called lithium white oil and this vision is now reality in Mar 2021 especially with the BMW news yesterday re: EV*s etc.
News,
Wed, 17 Mar 2021.
EUROPEAN METAL [EMH]
Investee co of REM plc, initially 20% mark but now reduced to some 9%+ approx. Kindly check latest RNS.
EMH share price is 97p and the MKT CAP IS £171 MILLION despite the fact that Cinovec lithium in Czech Republic is no longer wholly owned at 100% but reduced to nearly HALF. Making the news is that a battery factory may be located in Czech Republic or Poland. Cinovec is Europe*s LARGEST HARD ROCK LITHIUM DEPOSIT.
----THEREFORE, TODAY, REM*S 9% STAKE IN EMH COMES TO £15.39M or if 10%, £17.1 million.
KDNC [new name for REM plc]-share price today is 18.25p & MARKET CAP OF £28M.---
REM used to own 20% of EMH &
20% of Bacanora Minerals [£141m mkt cap approx currently].
Had the lithium market not have entered a BEAR MKT IN THE LAST SEVERAL YEARS, THE EMH AND BCN STAKE could have come to £34.2 million & £28.2 million respectively =£62.4 Million.
REM PLC
The share price reached 2.25p with a MKT CAP OF £95MILLION.
From some of the postings of investors, I note that they bought in at 0.9p.
SONORA LITHIUM-MEXICO [BACANORA MINERALS]
REM plc also has a 30% JV in the 2nd stage of Sonora with Bacanora. Today, Bacanora has a JV with Ganfeng for Stage 1. So, from Kiran Mozaria, it is FROM YEAR 8 [latest video interview on the KDNC website of recent days]. So, more to come?
BMW
News in the press about their EV*s etc. It was said that BMW alone could consume 60% of global lithium? Kindly check as this is just general news.
FOUNDER*S INVESTMENTS
So, the 2 investments by REM plc in BCN & EMH appears to be coming to fruition as the 2 co*s move towards progress. Sonora is now ranked No 1 for their lithium which is no mean feat.
AMAPA
KDNC [once the Founder retired as Chairman] has entered into iron ore in Brazil.
CURRENT SITU:
Investor interest is in lithium from the news?
Wed, 17 Mar 2021.
Not editing, so kindly excuse typos.
LITHIUM
David Lenigas gave Proactive Investors an interview on Lithium, the new oil in 2017 and said he is advising George Roach, PREM on his Zulu lithium project.
Fast foward: OUT TODAY: "GIGAFACTORY DEMAND LEADS TO EXPLOSION IN BATTERY GRADE LITHIUM."-OIL PRICE.COM 6 hrs ago, FRI, 5 Mar 2021
https://twitter.com/benchmarkmin/status/1367738518504677382
So, the proof of the pudding via an interview in 2017 [on Twitter now] and the lithium price explosion as above.
KDNC advised PREM via David Lenigas etc - today PREM [George Roach, CEO] share price went up by some 42% and London AIM TOP NO 1 RISER on London South East, Fri, 5 Mar 2021.
LITHIUM NEWS AND THE FORESIGHT OF REM PLC.
Mr David Lenigas was appointed to advise PREM [Zulu Lithium] and REM also was also involved in PREM some time ago.
I have just seen a recent RNS from PREM and it said that they have appointed EAS Advisors based in New York which from recall has helped the mining sector to raise billions.
I once said that Mr Lenigas is well connected and it is an advantage as he has on the ground experience relating to sourcing Sonora lithium project for REM and EMH [stake] at Cinovec.
Mr Lenigas currently is Chairman of Anglo-African Agriculture [AAA plc]. www.aaaplc.com/website/directors . It also lists MATTHEW BONNER, Non-Executive Director of AAA plc as "CURRENT CHIEF OPERATING OFFICER AT EAS ADVISORS LLC." !!!
I am pleased to learn this as I did recall Mr Lenigas saying that he went to NEW YORK to look for finance etc for REM plc then. So, yes, EAS ADVISORS are the people to look up.
WHAT IS THE RELEVANCE?
Today, REM has become KDNC, the new name. It has now a new chairman, Mr Suckling and they have gone on to bring in a iron ore project in Brazil of which they can get a 20% share initially if the Court decision etc, final agreement is signed with the bank creditors etc.
However, REM *s emphasis was LITHIUM, the new oil. Currently, this is the hot topic in 2021 @Mar ie lithium.
In so far as lithium legacy assets are concerned, Sonora is still in the new KDNC portfolio via a JV for Stage 2. Cinovec, EMH - KDNC still has a stake in it.
I have just listed to a 2017 interview from D.Lenigas re: lithium is the new oil and he said Sonora*s and Cinovec*s can produce 20-25% of global supply if I heard correctly?
Mr Lenigas has since gone on to help MODE in their last raise via a tweet and copied to the CEO of MODE. Wishbone has also got a licence CLOSE to GGP*S Havieron with Mr Lenigas in what capacity I am not sure but certainly Mr Lenigas being Australian can ask and find out who owns what licence in Australia etc. Also ORCP with a licence close to Australia*s Jundee mine. Again, known via open tweet and copied to their CEO.
So, things are moving along. It is a pity that shareholders [some] have not been very ....otherwise Mr Lenigas*s experience and contacts is of great help especially KDNC has a licence near Australia*s NEXT LITHIUM PRODUCER in Northern Territory, Oz.
Well, that*s life.
News, Fri, 5 Mar 2021.
Another year nearly gone and we are still sinking more & more every day
Allan Green Interview, Sun 16 Aug 2020
https://twitter.com/NovusComms/status/1295052265498333186 [REM-KDNC]
Mr Green talks of the Australian l i t h i u m projects {3},
Sonora Lithium in Mexico JV with BCN {REM*s 1st project}, European Metals {also under REM} & Yangibana - Hastings JV {REM} .
Mr Green gave a target price of 40p. Currently, the new REM is 13p {after consolidation of shares} with a market cap of £16.8 million. 52 wk : high 14.5p and low 2.8p.
Of interest: Mr Green said that in 2 0 2 2 {from recall} there is projected to be a l i t h i u m s h o r t a g e.
Also, that A m a p a Iron Ore in Brazil would be t h e project to note.
News,
Sun, 17 Aug 2020
Acquis Stock Exchange RNS: "Czech Lithium signs value added services agreement with European Battery Alliance leader InnoEnergyEU to support construction f i n a n c i n g & c o m m e r c i a l i s a t i o n of CINOVEC." - Tues, 28 July 2020
https://twitter.com/AcquisStockEx/status/1288110460378595333
Quote:
"Cadence [new name for REM plc] owns 16% of European Metals. Cinovec, the l a r g e s t hard rock lithium in Europe."
My comment:
Posting above under REM plc as this was a D.Lenigas [Chairman] investee co.
As said, I am following progress of REM plc and its original investments.
Link: https://twitter.com/KitcoNewsNOW/status/1287820185055838208
The above is an audio. Posting the above on REM forum - remember when D.Lenigas, Chairman got that contract with Tesla. From my understanding, he quoted in one of his interview about the takeover of one lithium mine for some $400m from recall. Given REM*s mkt cap at the height was £95m at 2.25p, I guess it was the take-out price he may have been hopeful given lithium was a hot commodity then. 5p would be roughly the M & A going price. Alas, the other side had other ideas about Sonora and rejected Lenigas*s £1 takeover offer. That*s from history now and what we had discussed yonks years ago. Historic.
No sooner than I had posted on Sat 18 July, 2020, David Lenigas is going to going into a new venture. He just tweeted today, Tues, 21 July 2020. He doesnt say where what vehicle he will use.
David Lenigas is Founder of REM plc.
Whilst I wait for Ampala iron ore project details [post Lenigas], I saw two RNS*s of a co that Mr D.Lenigas is running in Tasmania, Australia.
He is now Chairman of the Helleyer gold mine in Tasmania, Australia. Per the last recent results, the co*s unaudited Revenue from mining came to A$30m and operating Gross Profit came to A$12min. [Reports increasing production results at co*s Helleyer mine. The latest RNS from the co is that the co did a A$41m refinancing.
My comment:
Gold prices are now around US$1,800 per ounce and that is a hot sector at the moment. Would have been pleased to have seen REM do a gold deal. Not bad that Lenigas is able to command a A$41m refinancing - these days not easy to obtain financing.
As for Amapa iron ore project, whilst the info about the stockpiles is known and shipping is awaited, yet the finances to develop the mine further is not known in detail. As such, it is very hard to determine the revenue, cost, financing etc to get an idea of what mkt cap should be.
As with a l l metals, they have their periods of price volatility. I listed to a podcast from one junior miner on AIM and the CEO said that in the time of the last iron ore price drops, no one was able to survive except the top 2 co*s and that also with some difficulty. It was for this reason why Zamin went to... with the Amapa project bought from AA. Prices for higher grades of iron ore are now pretty high so the sun has come out again.
News, Sat 18 July 2020.
There are people who may invest just because a stock forum is busy chatting. So its better to post under the old name of REM as it is still the same co but now with a new name.
really?
Oh well
Typo:
Should read: "Not known" & "details."
REM was all about Sonora lithium in Mexico. REM wanted to take over BNC who owned Sonora at £1 given that their JV covered a portion of the deposit. This did not take place and that was the start of the share price decline from the £95m mkt cap at around 2.25p.
----
I am posting some of the newer project detailed here whilst we await the next stage. KDNC has now turned round the projects with the AMAPA Iron Ore Project in Brazil via a JV. Sale of tailings is due to start and awaiting procedural events etc.
-----
From an investing point of view, any major inflection ie catalyst has to be taken into account to re-adjust Risk vs Reward profile.
I am posting on this site because NO ONE can say people read this site - only 2 people from REM days know about this site. There is a lot of material out there about REM*s projects.
So, NO ONE would find this dead site given that it is generally not know that it still exists. The only people who found out about this site is B & O.
Wed, 8 July 2020.
I have looked through nearly 20 pages on this forum going back to the time the share price was 0.51p. My name does not appear on this forum as I was of an earlier period ie days when it was 0.04p. That was just after Lenigas has turned a shell into REM. Then, a few posters were here eg Pension Pot, Isdeer, Rose etc. It had not even begun drilling yet. From the 20 pages I viewed, it seems to be light chatter? After REM hit the height of 2.25p, the volume had turned down a lot, hence the chatter was not like the initial days.
One day soon this share will not exist . A new name new men on the gate and business as usual , Come on in and start again and i will be history , and many more ,
Only Gardner's having a chat now on KDNC make you throw up
All they are doing is talking about veg/fruit Something wrong with those people on KDNC share i don't believe it ??
I Have only now realised that 90% / 98% of the posters on KDNC / REM , never held any shares and , were posting regular 7/8 times a day pure nonsense Just leading others in the wrong direction The ones like me that got Scalded now don't post much But good luck to the genuine holder's
Testing - seems there is a glitch?
We will make some money soon [i hope ]
Ta Ta.
Kindly note that I have posted on KDNC.pl which is the Cadence Minerals Nex Exchange site. KDNC is the new name for REM plc.
Kindly take note that ALL posts on this REM plc site and on KDNC.pl is now HISTORY AND OLD INFO.
For new investors, they need to CHECK, DYOR AND DO DUE DILIGENCE.
This CAVEAT means that old information is not suitable. So please read the RNS*s etc. NO information should be relied upon and each to DYOR , Check & do due diligence and understand risk profile/s.
News
Sun 1 Sep 2019 at 4:20pm.
I am taking a back-seat BEFORE the opening bell on Mon 2 Sep 2019.
The Amapa KDNC-REM RNS of Fri, 30 Aug 2019 has brought in huge volume of some 319million shares traded in total excluding on the Nex exchange.
Relating to stockpiles of Amapa, Kiran Morzaria has given details further to D.L*s tweet as to time schedules could make a mistake. Mr Morzaria is the CEO of Cadence Minerals plc now and he usually does the leg work eg geo etc.
The Founder merely tweeted the US$60m from the RNS but is not in any position to make the decision on the shipping detail/s as that is KM*s decision and timing.
Hope that the seasoned old-timers who listen to all the podcasts of KM at VOX etc will gently point out what may be quite important to know.
With that , I take my leave.
Now, there are many newcomers to the Amapa KDNC deal and no doubt the largesse can be spread out to others and not to me as I have gone.
News
Sun 1 Sep 2019
I dont want to be stuck all day commenting on comment/s to my post etc. It will never end so I have to take my leave. I have provide clarity on everything now.
As always, CHECK, DYOR and do due diligence.