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"TOP 10 BIGGEST LITHIUM MINES."- Mining Technology, 30 Aug 2019
https://www.mining-technology.com/features/top-ten-biggest-lithium-mines/
With thanks and attribution to jimb2 of the main KDNC forum [old name REM]
SONORA IS RANKED NO 1 at 243.8 Mt
Midas 2014 share tip of REM plc mentioned that at its peak production it could produce X % of global supply. So, there is now the proof which is now gone into the ranking order.
Sat, 1 Sep 2019
A befitting legacy of REM plc*s Founder.
I have thanked the Founder in recent days on Twitter as it is also befitting to thank and give credit where credit is due. One or two have done so in their own way on Twitter.
contd
sat on the board of MMS to advise on strategy. MMS wanted to sell their iron ore business in Australia. However, in recent days, MMS announced that Glencore [mkt cap in billions {32 from recall]} had signed an off-take deal worth $4 billion over 10 years and later participated in their convertible notes to the tune of $2m out of the $6m raise.
Again, the introduction to Glencore came from the Founder. He tweeted this and this has been seen openly on Twitter by one or two shareholders of KDNC [ex-REM] who follow the story. Cam McColl, CEO of MMS [listed in Canada] tweeted that he was in London at a restaurant to meet Andrew Suckling [Chairman of KDNC] to talk "deal" and he also visited the KDNC London office. Mccoll himself has tweeted and said KDNC [or REM] David Lenigas introduced him to European contacts [Glencore is based in Switzerland].
I just realised that KDNC in holding some 9.2% in MacArthur Minerals of Canada with their project in Australian iron ore [high grade 65% Fe from recall] appears to mean that out of the $4 billion over 10 years off-take deal, it would bring in a
top line revenue before shipping of $400 million a year [$4bn divide by 10=$400m?].
So, it would appear that the REM II has 2 iron ore projects ie Amapa & MMS [27% but currently 20%? and 9.2% potentially from MMS as and when they obtain funding etc].
YANGIBANA
This is also a legacy JV from the Founder. Yangibana is a rare earth project in Australia and has joined the ASX limelight due to the rare earth hot news. Yangibana is owned by Hastings Metal Tech on the Australian ASX. However, the JV is for Stage 2 etc [check details].
Please check. DYOR
This is just a legacy short account of the history of REM plc which is fitting to write as an old-timer.
Sun, 1 Sep 2019
at 10.40am
Sorry, not editing as rushing.
Part 2:
Peter Seckers, CEO of Bacanora Minerals plc [now London-listed] said in his recent interview with Proactive Investors that Sonora is one of the largest lithium deposits in the world. I add that this is a clay lithium deposit. Yesterday, on the main Cadence Minerals forum [new name for REM plc], one poster posted a link that it has gone into the history books of lithium deposits in the world. Kindly check on their forum.
What happened to Bacanora after the REM plc take-over did not materialise at £1. The Bacanora shares drifted and fell to 20p in recent times due to the funding event. In recent days, Bacanora via Citi as bankers have managed to obtain a JV with Ganfeng of China. The share price is now around the 40p mark. VSA Capital has a recent target price of £1.14 from recall.
History records that it was REM plc money that paid for initial etc drilling at Sonor at a time when capital raisings at the then time was rather more challenging on the Canadian exchange where Bacanora was listed then.
WH IRELAND
talked of legacy investment. I used to use the word legacy and people could not understand why. This is because legacy investments are those brought in by the Founder David Lenigas [also Chairman] and that is his legacy.
In one of WH Ireland*s interview [audio] I recall that the senior analyst said that many did do well from the REM plc shares. They may know who as they are in the industry and may be cognisant who the big holders are.
GREENLAND
- REM plc licence that "abut" the world class largest rare earth deposits in the world at Kvanefjeld , Greenland. Again, a legacy from the Founder. In recent days, there has been wall-to-wall coverage on the US wanting to buy Greenland for its rare earths. USGS has visited Kvanefjeld and have conducted field studies and the Secretary of State has also visited. She also visited Tanbreez , the nearby rare earth deposit to Kvanejfeld. So, REM plc via Rare Earth Resuorces Ltd that has the "active" licence [need a new renewal official date] may be the next piece of news as Cadence Minerals said it is following developments at Kvanejfeld belonging to Greenland Minerals & Energy [GGG on the Australian ASX]. Perhaps a wild card?
Per Observer842 with thanks, WH Ireland attributed 20% of GGG*s mkt cap to REM plc*s Greenland. Its a pity that the note is no longer available on the Cadence Minerals site. I only recall the target price but not the WH Ireland attribution bit for Greenland [REM plc].
AMAPA
-Iron Ore, Brazil- this is the new project which has got Court clearance dated Fri, 30 Aug 2019.
Whilst Cadence Minerals plc [KDNC, new name for REM] has obtained a 27% stake in the project [20+7% in stages], the top line revenue as within this thread is
US $ 2 6 6 million [net revenue after shipping but note this is not the EBITDA figure. The EBITDA figure is also shown within this thread].
MACARTHUR MINERALS - 9.2% owned by KDNC
The Founder of REM plc sat on
On Fri, 30 Aug , Cadence Minerals plc [KDNC] issued an RNS relating to the Amapa iron ore project in Brazil [Court].
WH Ireland will be issuing a forthcoming Update Broker Note on KDNC [new name for REM plc] per degsie.
I have just seen a very detailed insight into Amapa dated 30 Aug 2019.
It includes:
AMAPA:
"It is estimated that at steady-state production of 5.3Mt of iron ore and utilising 62% Fe price of US$61/tonne [27/08/19 price Fe 62% - US$90/tonne] Amapa will have an average:
<> US$ 2 6 6 MILLION PER ANNUM IN NET REVENUE after shipping.
-US $ 90 million per annum in mine, processing and transport costs
-US $48 million per annum in environmental, sales & G & A expenses
<> EBITDA of US $ 136 MILLION PER ANNUM." - [This figure was in the published info.]
-This will be at the production stage. The stockpile will be initially sold. The details are in the KDNC RNS of 30 Aug 2019 relating to Amapa.
Comment:
Mr David Lenigas took over Zest plc, a shell with a mkt cap of £1m and entered the Sonora lithium project in Mexico with Bacanora via a Joint Venture. REM Plc paid for the initial drilling etc.
REM plc went from a £1m mkt cap at around 0.04p to 2.25p with a mkt cap of £95m.
According to some reports, they reckoned it was a 60 bagger but more if people entered at the lower share price. However, at the time, we checked the transactions at the highest price and there were few. So, not many were able to sell at the highest price per the records?
WH Ireland [check degsie post with a short outline of what WH Ireland said dated Sat 31 Aug 2019] appears to think that Amapa could be a "company maker" and will publish their note when they have looked into the figures etc.
Having failed to take-over Bacanora at £1, REM plc has been ....until the Amapa iron ore project came up. Cadence Minerals will take up 27% of the Amapa project [ 20 + 7%] and can go up 49% as on a first refusal basis but no details on how much it will cost.
So, this may be REM II as the co has now a new project with potential revenue and income?
------------------Top Line Revenue of US$ 266 million a year is considerable [100%]--------------------
Someone asked why this forum is still up. Due to the legacy as one of AIM*s stars due to the bagging, I am sure this forum will live on as a testimony of that rise.
So, I am posting what has happened but caveat it with the fact that it is always subject to change and one cannot guarantee anything. Amapa was formally owned by Anglo American. One can read further on the journey as news comes out.
Cadence Minerals [KDNC - new name for REM plc] closed on Fri, 30 Aug 2019 at around the 0.10-0.11p mark [HL] and was up at one stage to 23% on the Amapa RNS from KDNC.
The mkt cap is around £11m.
DYOR. Please check.
News,
1 Sep 2019
Seem that attending the KDNC AGM 2019 is of importance on the main forum.
The train fare from a main station to London day return is £150+ and someone in the press mentioned he paid £300+ from London to the North direct return.Then, there is the change of trains. Then 2 nights in Central London at £150 per night = £300.
Not to mention almost 3 days all in to attend an AGM in London.
That does not include underground or taxi fare + food.
So, one is looking at some £800 in total, not to mention the tiring journey when most people are not 18.
Wonder why?
Mon 19 Aug 2019
contd
aware as I have been following the major lithium producers and Australian lithium bigger co*s. I have also been following what is happening in the lithium mkt. So, that is due diligence that each one is expected to do and it takes up a lot of time.
Once the takeover of Bacanora Lithium could not succeed, the market itself would have to factor this into the share price as is norm per Efficient Mkt Theory [price sensitive info or info that can move a co*s share price etc]. Again, standard stuff that is common to all stocks to re-rate or to-derate.
Valuation for KDNC is harder as there are a lot of co*s to watch.
These days, technology means that big data will take in sentiment via tweets, posting etc. So, if there is negative sentiment that weighs heavily, the theory is that algo etc will go on to the sell side theory and vice versa. So, a good forum is one which can accurately value the co and take in the micro & macro news so that it is ONE STEP ahead of the market. How so? The AIM market is under-researched and therefore the market is not going to do extensive research for AIM co*s which cost a lot of money to keep teams on. Once the news came out about Greenland, the FT article is pivotal. So, those who read it would be given an insight to the value of Greenland itself etc.
So, even for FT100 shares, one can see that the share price can also fall dramatically causing serious losses. This was a former Sid stock. So, due diligence is always advised or DYOR.
However, research is under-rated and from what one observes, there is a negativity towards research and those who provide it.
I could have witheld the research but in light of the few that are from the old school, I decided to share freely on an open forum like this one and on Twitter.
Others would have seen my asking re: REM Greenland.
When I went to school, we were taught to be kind and helpful to other and that we are here on earth to be a help to the community.
So, the old days of REM plc have gone - shared interests and shared help to each other as shareholders.
The new pattern is individualism, fellow against fellow , the rule of money but most times found not to be accurate as old money dont present themselves as such. However, there is always still left the few that still cling on to the old school. However, one does understand that society has changed.
So, I take my leave and thank Barksy1 for her unselfishness and to the others who have freely shared and in return I have not kept back anything either on this forum or on Twitter.
I have other things to attend to and hence, a note is courtesy.
I am not editing as I have to rush off.
News
Sun 18 Aug 2019 at 12.25 noon.
Sun 18 Aug 2019
I have now completed the REM Greenland licence search again on KDNC.pl yesterday.
On this forum, I have also shared from the FT valuation on Greenland itself + its minerals which was not picked up by any one on Twitter.So, I have posted on Twitter, the 2 articles from original search re: rare earths re: Greenland. I have done extensive research on Kvanejfeld and Tanbreez, the next door since these are the two neighbours to REM plc*s Greenland rare earth.
I have never attended any of the REM AGM*s and therefore did not also attend the party. The logistics is the reason - arrival in London in the late evening, have to stay the night near the AGM at a Central London hotel , transport before noon so have to spend a 2nd night to attend a short AGM & arrive
At any AGM, no price sensitive answer can be given by the Board as it has to come via an official RNS relating to REM Greenland.
A lot has changed since the old days - Tradecraft transcribed the AGM notes for everyone on the REM forum. Each one of us would ask & contact D. Lenigas, Chairman of REM on Twitter or ask him something that he can answer under the rules. I found Barksy1 from the old school ie helpful and willing to contribute to approach D.L since 1 person cannot ask 3-4 questions. D.L was always helpful to shareholders of REM plc.
I have not posted for some time ie years on this website but upon return, I find things have changed.
I have posted quite a lot on Greenland & Kvanejfeld /Tanbreez on Twitter as the geology is of interest since all 3 sit on that strip of land inc REM plc.
In fact, the question to ask is not just for myself - it is in the interest of ALL shareholders to ask if there would be further ...on REM Greenland as it was called then. The question would take no more than 7 words if I ask.
I have finished the extensive research on REM plc assets and Cadence Minerals assets [renamed REM to Cadence]. At this time, there is little left to do.
So, I take my leave and thank the old-timers eg Tomcat14, Observer842 etc for the recent contribution to the discussion on Sonora and the complex set-up of the JV.
I have looked into Yangibana myself & shared.
At the end of the day, the market will value a co*s share price and by extension its mkt cap a/c to cash-flow or the potential of its deposit & more importantly how it will be unlocked etc. All standard stuff.
Each person has a financial priortiy unless they have £30 million cash in the bank or investable money to qualify as Very High New Worth Investors & therefore can afford to lose £300-£400,000 and consider it loose change? After all, inheritance tax starts at £325,000.
For that reason, at all times, one has to do due diligence. After DL tweets or speaks whether by RNS or media, one is cognisant that it is correct at that moment. Then, things can change as seen in the recent Ganfeng situ wherein overseas investors voted against further investment. I was already aw
Conclusion:
RARE EARTHS - REM >KDNC
Yangibana, Clancy & REM Greenland [then] 100% are all under the D.Lenigas
assets he brought into the co via his network etc.
Once we hear more about REM Greenland [Rare Earth Resources Ltd] and their plans & licence , the the market may have to value KDNC for this strategic rare earth asset as they did in the past with the Sonora Lithium project.
This time, KDNC owns the Greenland licence next to Kvanejfeld 100% and therefore not dependent on part-ownership etc.
The FT [see posts yesterday] put a value on Greenland*s rare earths at $500-700 BILLION and as far as I am aware, all the articles mention Kvanejfeld [GGG] whilst Tanbreez is via a private co.
I am not aware of other parts of Greenland with rare earths?
So, with that type of perceived FT values, $500-700 BILLION for Greenland rare earths, that is not small change?
Have to wait for what the co now says ie KDNC either at the 2019 AGM or via RNS etc.
Sat, 17 Aug 2019
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.