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What are rare earths used for?
Neo-laser range-finders, guidance..
Lanth- night vision googles
Euro-flourescent in lamps etc
Erbrium -amplifiers in fiber-optic DATA transmission
Manufacturer of high-tech: computer memory, DVD*s, rechargeable batteries,
cell phones, magnets in motors & generators, catalytic converters, digital displays, monitors, TV, COMPUTERS, EV BATTERIES etc and as polish for glass, granite, marble & gemstones. https://geology.com/articles/rare-earth-elements/
<>HIGH TECH COUNTRIES eg Silicon Valley, Japan, S. Korea, China etc
<>RARE EARTHS
The biggest co outside China is Lynas Corp in Australia with billion $ mkt cap and which received a recent Wesfarmer*s takeover bid for some $1.5 billion. It was rejected. Lynas resource is at Mt Weld, Australia.
The next biggest as far as I am aware is HASTINGS Metal Tech which REM plc [now KDNC] has a 30% JV at the Yangibana rare earth project in W.Australia. Hastings mkt cap is over $100m.
A new comer is CLANCY Exploration [KDNC owns some 3.9%] listed in Australia that is proposing to take over the Cummins rare earth project.
[I have posted either on KDNC.pl or here] that Yangibana, Mt Weld & Cummins are among the 3 advanced rare earths in Australia.
-------------------------------------------
In Western Jurisdiction [Tier 1 jurisdiction] - KVANEJFELD rare earth project under GGG [Greenland Minerals & Energy listed in Australia] is the one mentioned in the Greenland news. However, it has a Chinese JV as mentioned in Japan Times.
REM Greenland has no JV partner and is 100% owned by KDNC under Rare Earth Resources Ltd. The licence is "active" - see KDNC.pl. etc and the details to view and check. It was applied for in 2013 under D.Lenigas, Chairman & Founder of REM plc.
><>REM GREENLAND OR CADENCE GREENLAND
Yangibana, Clancy [D.Lenias was Chairman in 2018] & REM Greenland forms a interesting suite of rare earth potential assets.
Rare earths are in the news as seen in the recent wall-to-wall coverage on Greenland and its rare earths which hosts the WORLD*S largest rare earth deposits.
So, it now appears that RARE EARTH MINERALS PLC [REM plc] was a very apt name for what appears to be what tech economies want and "covet" per Japan Times today, 17 Aug 2019.
So, in itself, the rare earth 100% owned Greenland licence next to Kvanjefeld is coming into focus and prominence?
We await to see how the co will play this or these assets?
Sat, 17 Aug 2019
Today*s news:
"Greenland isnt for sale but its becoming increasingly valuable amid rivalry with China."-Japan Times, 17 Aug 2019
https://www.japantimes.co.jp/news/2019/08/17/world/greenland-isnt-the-sale-becoming-increasingly-valuable-amid-arctic-rivalry-china/#.XVfz1N5KjMw
Quote:
"It also has untapped natural resources like oil, minerals and VALUABLE rare earth elements that CHINA, the US & OTHER MAJOR TECH ECONOMIES COVET."
"The region has become an area of GLOBAL power and competition owing to its vast reserves of oil, gas, minerals and fish stocks, he said." - US Secretary of State Mike Pompeo.
"In the past several years, a Chinese co has gained MINING RIGHTS for rare earths, partnering with an Australian co in the KVANEJFELD project."
Comment:
REM plc in 2013 applied for a licence next door to Kvanjfeld under DL as Chairman & Founder.
More news coming out as to why the US want to buy Greenland or have a active participation etc.
Sat, 17 Aug 2019
News
Part 2
Greenland rare earths are valued [FT] at around $500-700 billion and holds some of the world*s largest deposits of rare earths.
As far as I am aware, there are 3 co*s in that part near Kvanejfeld ie
1)REM plc via Rare Earth Resources Ltd [next door to Kvanejfeld belonging to GGG of Australia].
2) Tanbreez - nearby and owned by a Australian geologist.
3)Greenland Minerals & Energy [ASX: GGG] with a mkt cap of around A$140m from recall.
[I have seen the two names on the Greenland Govt site but I do not know who else except the above so kindly ask KDNC at the AGM etc]
IN THE NEWS
Greenland is in the news as the President of the US [D.T] wants to buy Greenland.
The FT [see below] thinks a conservative figure would be $1 trillion [President Truman wanted to buy Greenland in the past for $100m] .
So, if the rare earths are $500-$700 billion, then this resource makes up a MAJOR PART of the $1 trillion??? Discuss.
It would be helpful if shareholders are updated on REM Greenland [KDNC] as this now has come into FOCUS with all the wall-to-wall coverage on Greenland.
The market MAY now have to value Cadence Minerals [formerly REM plc] for this rare earth project as a separate stand-alone IF this project is spun out/listed separately OR if the co pursues this under KDNC.
In which case, Greenland becomes a REM-KDNC project and therefore value could be attributed to this? The market may have to review this if we are updated further on this by KDNC?
Normally, co*s with a mkt cap of £8m or just under with a project could be termed shell value? That*s my personal take from Solgold which started at £8m [1.5p] when they just started on the project and awaiting environmental approvals etc for Cascabel [history now].
So, that*s my personal aspiration and take but others will have their own views etc as to what they are looking for in this co.
I am posting this here because of the FT article below.
Greenland was a REM plc project and named as 1 of the 3 by MIDAS tip in 2014 ie Sonora, Yangibana & Greenland.
DYOR. Just for discussion only. Contact the co for clarification etc.
Sat 17 Aug 2019
Not editing - Going for lunch.
I have finished my own research on this co. From the share sales and buys on Fri, 16 Aug 2019, no one can say x or y as there is LITTLE INTEREST going by the volume of £3k+ & £4k+ for buys and sell [mkt cap £10m].
Cadence Minerals
Investment co
Share price 0.10p mark
Mkt Cap: £10 million
Shares in Issue: 10.546b
Shares traded on Fri 16 Aug 2019 : Bought £3,239 [3.5 million shares]
:Sold £4,763 [5.4m shares]
Investment co status:
That means that every day, the market will attribute [?] a mark-to-market value on Cadence Minerals shares [formerly REM plc]. Holdings in listed co*s:
Bacanora Minerals [BCN] 1.7% [Think this has gone down further]
European Metals [EMH] - 19.2% [17p with Mkt cap of £27m on 16.8.19] Cinovec
Clancy Exploration [Australian listed] - Proposed Cummins rare earth project,Oz
Auroch Minerals ["] 6.7% - Nickel [Oz]
Macarthur Minerals, Canada 9.8% stake
GREENLAND RARE EARTHS
[Kindly check latest RNS etc]
Joint-Ventures:
Bacanora Minerals at Sonora Lithium Project, Mexico
Hastings Metal Tech of Australia [HAS] at Yangibana rare earth, Western Australia.
In terms of the Bacanora JV, there is a overlap re: Stage 1 & 2? 30%
In terms of Yangibana, the JV is at Stage 2 of the resource? 30%
[Discussed before in detail by old-timers of KCNC recently]
NEW INVESTMENT
Amapa Iron Ore project, Brazil - 1st stage: 27% participation. Awaiting Court clearance etc. Further news awaited.
https://www.cadenceminerals.com [Click projects]
MY OBSERVATION & Hypothesis [subject to other shareholders views etc]\;
The Sonora project if it can clear the final hurdle with Ganfeng, Stage 1 will be for a 18 year mine. In terms of Yangibana, I checked and it said Stage 1 for 11 years per their Presentation. Kindly check as I cannot provide 100% warranty.
The daily values of KDNC*s listed investments change each day due to the changing share prices of the respective co*s and the latest figures were calculated on the KDNC board.
From what I understand, the CEO has said that the market takes in the listed investments for its perceived value and not the JV*s which cannot be openly sold with a value at this time.
The Amapa project if all goes through may mean that by the end of 2019, the tailings will be sold [start of?]. So, this project provides visible cash-flow as and when and therefore value will be via the traditional methods.
REM GREENLAND-Now Cadence KDNC
From the application details [see KDNC.pl 2 posts of today], the above was applied for in 2013 under David Lenigas, Chairman & Founder of REM plc.
The licence is 100% owned. The status states: "Active"
From recall, exploration was done by SPK and shares were paid to GGG [Greenland Minerals & Energy - Kvanejfeld rare earth project] for the geo work?
REM*s licence sits abut to Kvanejfeld, the world class rare earth project that has applied for a mining licence.
Personally, I am looking to this licence [await further clarification from KDNC as to status of the licence? although I have checked the Greenland Govt dept and it states: Active]
Why?
From the FT note [see below], the Gree
"Greenland upgrade to buy."- FT, 4 hrs ago, Fri 16 Aug 2019
Link to check: https://twitter.com/LONDONAIMCAP/status/1162422535369048064
Some of the headlines:
-"Donald Trump*s interest in buying Greenland stuns Denmark."-Financial Times, 1 hr ago.
-"Trumps shows interest in buying Greenland."-Bloomberg.
-"President Trumps eyes a new real-estate purchase:Greenland."-Wall St Journal.
-"GREENLAND : UPGRADE TO BUY."-Financial Times, 3 hrs ago.
"GREENLAND POSSESSES SOME OF THE WORLD*S LARGEST RARE EARTH MATERIAL DEPOSITS."
-"Trump has privately talked about US purchase of Greenland: sources."-Reuters
-"Trump has expressed serious interest in buying Greenland: report."-Fox News
"Sources say Trump asked about buying Greenland."-CNN
"Greenland to Trump: We are open for business, but we are not for sale."-Yahoo News
"What to watch today: Dow to recover, Trump wants to buy Greenland."-CNBC
"Trump has talked about buying Greenland: US sources."-Times of India
"We*re not for sale, says Greenland*s Foreign Minister."- Reuters
"Trump Greenland: US President mulls buying island from Denmark."-BBC
All the UK paper, Huffington, NY Times etc are covering the news.
REM GREENLAND
Licence abuts GGG [ASX] world class Kvanejfeld rare earth project. The other rare earth deposit belongs to TANBREEZ, a private firm owned by an Australian Geologist.
Midas in 2014 tipped REM plc for Sonora lithium, Hastings - Yangibana rare earth JV with REM & REM GREENLAND.
DL, Founder of REM plc - his neighbour is Executive Chairman of GGG per his tweet and Stanley Ho was from Hastings [ASX].
5 years later post Midas REM plc tip of 2014 comes this wall-to-wall coverage of Greenland.
FT*s link: "Greenland upgrade to BUY."- 3 hrs ago, Fri 16 Aug 2019 is all about "Rough sum parts valuation suggests GREENLAND has HIDDEN VALUE. In terms of natural resources...2008 study, just 3 of its coasts could yield UP TO 52 BILLION BARRELS OF OIL. No firm offer has been made but we believe anything SUB $ 1 T R I L L I O N will represent a good deal for US Corp [mkt cap $19 trillion] and GREENLAND I N V E S T O R S."
"A conservative drawn on a Mar-a-Lago napkin by Alphaville values these resources at between $500-$700 BILLION [assuming local regulation, like the ice caps are quickly dissolved." - In the same sentence as the RARE EARTHS.
Take a bow , REM plc under the Founder who acquired this licence. Awaiting renewal ?
It is on https://www.cadenceminerals.com/
Hence, my question whether REM GREENLAND can be floated or listed separately in Australia or SPUN out to realise value at the coming KDNC [new name for REM plc] London AGM 2019.
A backup:
https://www.businessinsider.com/rare-earth-projects-world-2012-3?r=US&IR=T
"11 Major Rare Earth Projects Outside China."-Businessinsider, 14.3.12
Comment:
Nolan [Arafura] is listed and so is Mt Weld [LYNAS] & Greenland Minerals KVANEJFELD rare earth project. Yangibana & Cummins is not listed in this list - Yangi was in the works and Cummins was changing hands as it appears that different co*s owned it and provided $ for the various studies etc. However, post the 2012 Businessinsider listing, Yangibana & Cummins has come to play. However, I am posting the 2012 listing as the tonnage size and grade is a useful baseline to check to compare with Yangibana & Cummins.
Sat, 10 Aug 2019
-------4 Advanced Rare Earth Projects in Australia: [My 10:12 post]----
<>Yangibana, Western Australia - Hastings on ASX. [REM-KDNC Hastings JV 30% Stage 2] ASX: HAS. Awaiting capex funding.
Mkt Cap A$140m & SP 15c.
<>Cummins Range Rare Earths, Western Australia
Clancy Exploration on the ASX [CLY]
KDNC owns 3.9% of CLY
Per acquisition terms, it appears that in 36mths, it will reach BFS stage. Cummins & Mt Weld share a carbonate type rare earth deposit. It was also reported [posted before] that US Geological has recently visited the site.
<>LYNAS Corporation, ASX [Mount Weld rare earth project, W.Australia]
Mkt Cap: A$2.031 billion & SP $2.94
<>Nolan, Northern Territory, Australia ASX: Arafura Resources Ltd
Mkt Cap A$88.61m
[PFS stage?]
Link: https://www.hotcopper.com.au/asx/has/
Type the other stock symbols to check the rest as above.
OTHER GLOBALLY SIGNIFICANT RARE EARTH PROJECTS
GREENLAND - KVANEFJELD [ASX:GGG]
Mkt Cap A$154m & SP 13c
Awaiting Mining Licence
US Geological has visited the site & did field studies.
Comment:
As said Navigator Resources prepared a 2011 Presentation [only one available] and it shows the comparitive table between Nolan, Mt Weld, Cummins, Yangibana. However, I have found a later link that shows the Cummins resource has increased via https://www.proactiveinvestors.co.uk/companies/amp/news/131930
"JORC Inferred 11 million tonnes at 1.1% TREO with 0.5% cut-off"]
Comment:
Needless to say, the rare earth project is especially rated that are in Western jurisdiction [Tier 1 jurisdiction].
One can see that the mkt caps as of Fri, 9 Aug 2019 are in the A$88 - A$140m range [Arafura*s Nolan project &Hastings Yangibana].
The Greenland Minerals & Energy Ltd [ASX:GGG] also has a A$154m mkt cap.
So, it is rather obvious that any junior exploration co that has a globally significant rare earth project at the various stage has a reasonable mkt cap.
Therefore, KDNC with a mkt cap of some £10-£11m mark can overnight in theory rise to become a much higher rated mkt cap if it has a project of global significance.
If I am attending the London AGM to come, this would be the area that I would like to know as a shareholder. Of course, if Cummins Range turns out to be larger as only a portion of the licence has been explored, then it could rival the bigger player/s. What one cannot have in grades could be in theory be made up via tonnage and scale [size] and this is well known for all mining projects?
Otherwise, how can KDNC become or go back to the old mkt cap of £95m at its height when it was then called REM plc?
Amapa is also due for news from the last KDNC update. Herein, also needs some enlightenment from KDNC at the AGM, in that, how is the iron ore price going to be managed ie are they from the lower cost quartile?
Not editing so pardon errors.
News
Fri, 10 Aug 2019
I read forum chatter on Clancy Exploration [KDNC owns 3.9%] and that KDNC may want to appoint someone to the BOARD?? There is no need as David Lenigas has steered the co into acquisitions etc?
Ref:
"DAVID LENIGAS drives Clancy Exploration into cobalt space with Morocco project acquisitions." -Small Caps 10 Apr 2018
This said article mentions David Lenigas as CHAIRMAN OF CLANCY. D.Lenigas is the Founder of REM plc [later renamed Cadence Minerals KDNC].
www.smallcaps.com.au/david-lenigas-clancy-exploration-cobalt-morocco-project-acquisitions/
If the link does not work, then insert https:// before www.smallcaps.com.au....
P.S. Obviously, as the Cummins Range rare earth project proceeds, the value curve could increase [if text book hypothesis plays out or stock mkt play book?] and with it the % of KDNC*s holding.
Sat, 10 Aug 2019 DYOR. Please check.
"Very few rare earth projects GLOBALLY. Only 4 MAJOR ADVANCED REE projects in Australia. Cummins Range [Clancy acquisition, Fri 9.8.19] is one, the others YANGIBANA , MOUNT WELD & Nolans."
"Also shown: KVANEJFELD, GREENLAND" in the global map.
Source: Presentation from Navigator Resources of Cummins Range Project, Western Australia. https://twitter.com/LONDONAIMCAP/status/1159952372690563073
Yangibana is a Hastings Metals [ASX: HAS] rare earth project in Australia. REM plc then did a JV [30%] of the project in Yangibana [Stage 2].
Mount Weld belongs to LYNAS [ASX listed] and subject of a takeover bid by Wesfarmers. Ref: " Lynas Board rejects $1bn Wesfarmers bid."-Financial Times, 10 April 2019 [A$1.5 bn /$1.1 bn].
As for Clemmins Rare Earth project - Ref:"Rare Earths & LYNAS SIMILARITIES send Clancy investors into a spin."-Stockhead.com.au dated 9 Aug 2019.
"Greenland Minerals KVANEJFELD project to be CORNERSTONE of Future Rare Earth SUPPLY; Stock up 13.04%." - Kalkinemedia.com, 10 hrs ago, Fri 9 Aug 2019
https://twitter.com/LONDONAIMCAP/status/1159955304278372353
Ref:
Cadence Rare Earth Project, Greenland
From the Cadence [KDNC new name for REM plc] website
www.cadenceminerals.com/projects/greenland-rare-earth/
"Cadence has 1 exploration licence that encompasses the world-class KVANJFELD...rare earth deposit."
Check - licence is awaiting renewal.
DYOR.
KDNC at 0.1p is around the £10-£12m mkt cap mark.
Today, Clancy Resources on the Australian ASX: CLY issued an announcement relating to the acquisition of CLEMMINS Range Rare Earth Project in Western Australia.
An overview:
" ONE of the very few Australian ADVANCED REO projects. 93 holes drilled - only a portion drilled -upside. JORC. Oct 2010 CONTAINED VALUE $6 BILLION at a 0.5% REO lower cut-off grade."
https://twitter.com/LONDONAIMCAP/status/1159912074341965824
[From Proactive Investors] Please check & DYOR.
Comment:
REM Greenland - Sonora Lithium & Yangibana [Hastings] Rare Earth of Australia.
- 3 original projects under the Founder as Chairman & per MIDAS 2014 Mail on Sunday tip.
Now, there*s Clancy*s potential Clemmins Range Rare Earth.
3.9% of $6 billion = Simple maths? [Oct 2010 figure quoted in the above article.]
Typo: Should be £7.19 to £3.99. Also, should read ranked, not ranking.
P.S.
This morning, another big stock fell from £719.40 [overnight] to £399.70 [intra-day low] after opening due to an RNS.
A few days ago, a departmental store was put into admin. One poster bought more stock as the share price fell and put their house and every penny on the line on just this one stock. Many of the posters on that stock contacted Admin who were very responsive and they contacted emergency services. This is not the first time.
So, before putting the family at risk [REMder who tweeted], it is ......hard to express caution.
I have come to post about Mr H*s aspiration to turn £1k into £100k. With a few trades over 1-2 days, one trade was much more successful due to the volatility - the stock fell from £1.05 on 9 April 2019 to 20p and bounced. So, + -, Mr H turned £1k into around £1,660 from recall.
That means Mr H has got to get it right around <200 times in similar fashion excluding any multiplier effects ie just pure straight line cals.
However, today, Fri 12 April, 2019, nothing more has been tweeted about daily trades. Not sure what has happened?
Suffice to say, that Mr H was attempting to do DAILY trading.
I was following sometime ago, one blogger who attempted to turn £1k into £1m but for some reason, after a short time, no more being said.
There are a lot of fund managers out there who earn a living investing in stocks both in the UK and the USA.
As professionals, their record is ranking and their funds produce yearly results.
On topic as one REMer said on Twitter he lost money etc and from the caption title above, REM was one of the most successful in that period for an AIM stock as it turned £1 into £95 [0.04p to 2.25p or £1m mkt cap to £95m mkt cap].
So, this topic ends as one may now be aware that the challenge appears great.
Some have made it and they have gone down in history for a long record.
News,
Fri, 12 Apr 2019
Not editing.
Lol. Its O.K - we got there in the end about the REM takeover of BCN.
Oh, you may have read about H wanting to turn £1 into £100k and that has really stirred up imaginations.
However, as I have posted REM was the only stock that went up 95x, hence £1k went to £95,000.
The Founder of REM*s other stock went from 0.35p to 11p+. That is nearly 30x. So, one would have to put in £3,000 + to achieve the same result of nearly 90x plus.
Not sure how people lost money on a stock that went 95x and 30x?
LOADS of news passing through re:lithium especially Western Australia and hydroxide etc. Very critical info - I have liked it on Twitter.
News,
Sun, 7 April, 2019
Just finished the Sunday Times - nothing about EV*s or lithium etc.
@news. KDNC effectively offered £1 for BCN shares as part of the merger proposals:
"Rebuttal of Proposed Merger" (30 September 2016)
https://polaris.brighterir.com/public/bacanora_lithium/news/rns/story/xpyndjx
===[
The midpoint of the Proposed Offer range represents a premium of only 13.1% to the Bacanora closing share price of 88.50 pence per share on 29 September 2016 (being the last trading date prior to this announcement);
]===
88.5 * 113.1 = 100.09p
If you want to give a range, it can be calculated from this paragraph of the announcement:
===[
The merger exchange ratio proposed by REM is between 135 and 141 REM shares for each outstanding Bacanora share ('the Proposed Offer')
]===
i.e. The 100.09p corresponds to ((135 + 141) / 2) = 138 REM shares, meaning that the offer range was:
Low: 135/138 * 100.09 = 97.91p
High: 141/138 * 100.09 = 102.27p
i.e. 98p to 102p, not the "88.5p - £1" you are currently stating. I'd just stick to quoting £1 if I were you. ;-)
Apologies if I have misunderstood the meaning behind your quote, as I've just realised you might be trying to say REM offered (approximately) £1 when the BCN share price was 88.5p? Which is true!
Ob.
Typo: Should read attempt, not attempting.
On Twitter last night, Fri 5 April, 2019, someone called "H" [shortened to initial] tweeted that he is going to attempting turning £1,000 into £100k!.
As far as I am aware, the only co on AIM to do that is Rare Earth Minerals Plc [REM] under David Lenigas, Chairman. Mr Lenigas started REM from Zest plc, a shell.
Due to the Sonora drilling [lithium Mexico], the stock went from 0.04p to 2.25p, £1m mkt cap + to £95 million, thus multiplying 95 times. That is £1,000 became £95,000 at its height.
Needless to say, Sonora lithium was a big resource which Midas said [posted on this forum before], it could supply 9-10% of global supply then.
REM went into records as one of the most successful AIM co*s for one year. Each yr, its different co*s.
Naturally, when the takeover by REM of BCN [Sonora Lithium, Mexico] was rejected at 88.5p - £1, the efficient mkt theory kicked in.
Thought I would relate the history.
Many others have commented on H*s tweet and said it needs to be done over 30 times and another 24 times.
Moral of the story, if one got in early at 0.04p, it is different with someone getting in at 0.9p and so forth. All shares normally do not stand still due to news flow that affect "valuation"?
History now.
News,
Sat, 6 April, 2019
Just seen some external news on lithium [ REM -KDNC*s biz]
"Volkswagen purchases lithium from Ganfeng."- 8hrs ago [In German]
https://twitter.com/HC_Haplo/status/1114123624523264000
This is interesting. Will need to find out more and why. This is the type of external news I was talking about earlier.
Fri, 5 April 2019
Typo error. Fri, 5 April, 2019
I have now covered as much as I can at this stage to research the BASE data publicly available?
I will continue to monitor the information as it comes in as and when?
I will have to look at the macro situation externally?
I will have to evaluate the REM [legacy] and KDNC projects to further determine the ranking of these projects?
I have to determine which PROJECT or PROJECTS will increase the value and therefore the share price of REM - KDNC, if any?
I will have to re-calculate the mark-to-market value of REM-KDNC*s projects and the discount or premium attributed?
I will have to see if any are best in class and matched against peers and why, say, BCN has been just given a target price of 72p [Speculative buy by Cannacord on 4 Apr 2-19 although the full note is not available to Joe Public] although the Black Scholes fair value is higher from recall. Interesting to see the workings.
The REM takeover price for BCN was 88.5p-£1 but the co said it undervalued their co?
I will have to see the EXIT events for any of the investments or if they produce EBITDA and respective P/E and whether they have the industry P/E or not?
I will have to gauge REM-KDNC*S current strategy going forward given the 3 new Australian lithium projects. Example, do they go on to mine etc or remain an investment co?
Each one of the REM-KDNC investments will have to be EVALUATED since some are more advanced and others are early stage exploration co*s?
I have to determine what TIME-scales are involved in the JV*s etc and other investments?
I have to evaluate if any could become a Game Changer? The last game changer for REM was to takeover BCN, hence the mkt cap went from £1m+ as a shell co to some £95m mkt cap [0.04p to 2.25p]? To have reached or to attained some 5p [per the Twitter mention], it would reach some £200m+ mkt cap which is where Nemaska is at, awaiting funding? Please check. History now.
So, as an investor of REM-KDNC, these and many other workings have to be done to determine fair value? Fair value will be different for everyone as well as time scales etc? Least but not last, one always has to expect the unexpected.?
As I said, the stock market game is about NUMBERS? Even for stocks that go up due to sentiment, it appears that it is also forward potential?
Sorry, not editing.
By the way, when I signed in, I can go to the beta site but I have not tried it. No one has said whether it is different or the same etc.
So, I end this forum for now.
News,
Sat, 5 April, 2019.
"Argonaut Resources leveraged to drilling near BHP*s IOCG discovery in South Australia."- Proactive Investors Australia, 13 hrs ago, Fri 4 April 2019.
Quote:
"Auroch holds a likely Eastern Extension to the Torrens JV Gravity Anomaly."
https://twitter.com/LONDONAIMCAP/status/1113823392833122305
On-topic as REM-KDNC owns 6.7% of Auroch, listed in Australia.
Argonaut and Aeris Resources are in a JV re:Torrens copper project, South Australia.
Their 1st hole assay results are pending.
Posted earlier on this site, hence why continuing info here so that it is not broken up, the Torrens project could be bigger than giant BHP*s Olympic Dam?Please check back to read.
News
Fri, 4 April 2019
"This DEAL really highlights how lithium continues to evolve as a strategic mineral." -Chris Berry, 1 April 2019
[Embedded in this tweet is the Reuters article: "China*s GanfengLithium boosts stake in Argentine project with Lithium Americas."
https://twitter.com/cberry/status/1112764426342539266
Comment:
The last 2 posts to this was about the Ganfeng Lithium deal. So, the size of the deal ie 12.5% stake for US$160m= £123m does illustrate the M & A currently.
Certainly, the REM 5p mentioned by someone on Twitter [SP high 2.25p = £95m so 5p is around the £200m mkt cap mark] would be more illustrative of the mkt caps now of Nemaska [awaiting funding] at C$283.94m or Lithium America JV with Ganfeng at C$494.34m?? These appear to be the benchmark for lithium mkt caps?
History now of REM-Sonora Lithium, Mexico.
Tues, 2 April, 2019
News.
Just imagine:
Today, Ganfeng paid US$160m = £123 MILLION for a 12.5% stake to increase it from 37.5% to 50% in Lithium Americas. Lithium Americas has just started construction.
Hence, REM* former 20% stake in BCN could have been sold for big wonga if they had got to the stage of funding.
On BCN, Analyst2 said that BCN is now 2 years behind time today?
Everyone is now selling their stakes down eg Pilbara Minerals [up to 49% which could fetch more than US$1b]. Pilbara is more advanced than Lithium Americas.
History now.
News,
Mon 1 April 2019