Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
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Part 3:
lose their jobs [performany not up to peer statistics] or funds liquidated or otherwise etc?
SO, ANALYSIS is KEY.
Analysis means different things to folks. On forums, disaster/s have struck and there are too many names of co*s to list but everyone is aware. In general, they have a common theme - echo chambers are not analysing but rather short on variable/S.
It is NOT an easy task even for professionals. In the US, analysts are RANKED eg 15/1045. To reach No 15 means how many times analysis RIGHT and how many times WRONG ETC. Therein, the public are given ample warning that the RANKING gives an INDICATION of what may happen if they decide to take a note to heart or otherwise. THIS IS NOT FULL PROOFED but at least it gives an IDEA.
So, it is not able X or Y - MONEY IS INVOLVED [SAVINGS] and one should take ANALYSIS MORE SERIOUSLY FOR ONE SELF.
On Hotcopper, they conduct some contest on share picking and the prize is A$500.
I noticed that one of the winners is a fund manager but I am not sure if he manages his own family money or his own. I only gather this from his Twitter timeline from the past. His analysis of Solgold was SPOT ON for THAT TIME and cannot stretch to forever as is norm as things change.
He used to post on the London South East for a short time but as an Australian he has no long term interest in our markets.
That was how I came to view ANALYSIS as important [many components].
C...Report said recently that most folks are not able to access reports due to the rules. They said that reports can cost up to $100,000. Not surprised as the number of specialists to be used will not be just 1 but several, in different areas of expertise.
So, for this reason, I meant to post a SHORT ENDING TO THE REM PLC STORY OF LENIGAS*S OUTLOOK FOR LITHIUM THEN AND HIS FORECAST.
Recently, he said that EMH should just pip past £1 and that is also accurate. He was being conservative as that is just below a brokers old estimate. They can run models and it would be on market cap and what the market would be WILLING to attribute mkt cap figures to at this time.
So, a HISTORICAL ACCOUNT, NOT A CURRENT SITU.
I have LEARNT MANY LESSONS [personal] from doing this short PAST VS PRESENT study revisit.
Early in the lithium market is good as one has many choices for any co but to last it out is KEY as no one could have foreseen the sudden macro and mico coming to play ie COMMODITY BEAR MARKET etc.
For those who did see it hit would have been saved. In a commodity bear market, share prices can drop 90% but in reality some went down to 95%. There was a free video shown on the London South East from a commodity expert but I am not sure many viewed the video. I viewed it and took note of the EMPIRICAL EVIDENCE.
So, hence, it finally RESTS on each on to do as much research as possible.
That is what forums are for - SHARED INFO ETC.
SO, ALL FORECASTS MUST BE CHECKED WITH LATER REALITY. So, I am hap
Part 2: 21 Mar 2021.
DAVID LENIGAS, FOUNDER AND CHAIRMAN OF REM PLC
This means to me, at least that Mr Lenigas was within the variance that had REM plc being successful to take over Bacanora Minerals at the time, then, YES, a lithium co with a deposit of some "size" could or may fetch that type of MARKET CAPITALISATION AKIN TO EMH SOME DAYS AGO. Yes, it may not be Bacanora Min at today*s mkt cap but it is indicative that LONDON can attribute such MKT CAPS akin to EMH although it is NOT a direct comparitive given different jurisdictions.
London at the current time appears to lag Australian lithium mkt cap or even maybe one or two Canadian mkt caps. I have not done an exhaustive study so it was based on a few co*s that I looked up ONLY for myself. After all, DUE DILIGENCE IS RECOMMENDED BY THE FSA for EVERYONE - this suggests PERSONAL RESPONSIBILITY.
Suffice to say that I also looked up a previous VIDEO done by D.Lenigas via Proactive Inv on what he said about LITHIUM, THE NEW OIL many years ago and in 2021, this is now actually happening on the ground or starting to gain some traction or traction as the case may be.
Dallasdaz was cognisant that I would need a close enough figure for REM plc at the height, whether intra-day share price or otherwise, of the MARKET CAPITALISATION so that I would be able to see the LENIGAS FORECAST PROJECTION vs today. So, I was appreciative for Dallasdaz help but he did NOT POST A WHOLE LONG POST TO SAY YOU ARE WRONG, WRONG AND FOLLOW ME FROM FORUM TO FORUM TO CHECK ON EVERY MINUATE. BIG DIFFERENCE - so he has my respect.
What is the reason to CHECK LENIGAS*S VIDEO ON LITHIUM AND HIS FORECAST [at the party per others?]. This is MERELY AN MBA type exercise to see how one MANAGES A DISCOVERY of a metal that is in its INFANCY at the time and to what EXTENT WOULD THE MARKET VALUE IT ACCORDINGLY or ATTRIBUTE mkt cap to?
So, I am only looking at the BROAD RANGE and it is not a PhD thesis wherein, I would need REFERENCE QUOTES and dates.
I am satisfied that for legacy folks that BOUGHT INTO REM at 0.9p WHEN IT FELL BACK from the height of 2.25p, it means that today, that VISION has come into play as LITHIUM is now a wanted commodity and widely known. There are too many VARIABLES to say this or that as different persons would have their own STRATEGIES. Therefore, its up to each one how to MANAGE that passage of time NOT ONLY FOR REM but for ALL STOCKS in general given the COMMODITY BEAR MKT.
When I visited the KDNC forum, I noticed that someone said that KDNC*s share price is upheld by the EMH stake but from what I could see, it was a WRONG PRICE by quite a wide margin that is outside normal VARIANCE. I DID NOT CORRECT THE PERSON AND USE LINKS ETC - THAT IS NOT MY PLACE TO DO SO & IT WOULD NOT HAVE BEEN APPRECIATED. I sense that people in general LIKE TO LIVE IN A NON-COMMERCIAL SITU until REALITY HITS.
Those in FUNDS AND FAMILY OFFICES ETC CANT AFFORD THAT LUXURY as it means they either
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.