George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.
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Lithium Americas - Ganfeng has to pay extrapolation inversion maths, say US$640m for a 50% stake [using the 12.5% > US$160m].
I just checked: "Talison Lithium backs $848m Chinese takeover bid." -Proactive Investors, 9.12.12
This is about the largest lithium project in Western Australia ie GREENBUSHES.
Our Founder talked about this M & A deal then.
Comment:
Looks as if one could buy a whole co a lot cheap in 2012?
PLS [Pilbara Minerals] is also in the news to sell at stake [up to 49% in Pilgangoora lithium project in W.Australia] which analysts speculate could fetch more than $1bn [posted earlier] .So, lithium M & A in the news.
On-topic for industry news as BCN was an REM legacy project.
1 Apr 2019
News
Gone...but not forgotten :)
Lithium Americas news today, 1 Apr 2019
Ganfeng has increased it stake from 37.5% to 50% for US$160million. Construction remains on track for 1st production H2 2020.
Article: "Lithium Americas announced US$160m project investment by Ganfend Lithium in Cauchari Olaroze & Paries to jointly evaluate an increase to 40tpa."- Junior Mining Newwork.
Comment:
Barksy1 on KDNC has provided the SEDAR link to the above news.
It is interesting that Ganfeng*s increase of ANOTHER 12.5% stake to 50% came to US$160m.
Therefore, using simple maths inversion, 50% would roughly equate US$640 million!!!!
This is BEFORE the lithium mine is PRODUCING as it is just at the CONSTRUCTION stage.
Lithium America is ahead of Nemaska because Ganfeng is a partner. Interesting that the Lithium Americas & Ganfeng want to INCREASE production to 40tpa.
So, lithium news in on the move.
Lithium Americas mkt cap is C$502m @$5.67 [with JV]
Nemaska [awaiting funding] mkt cap is C$283.94m @C34c
Bacanora [BCN - awaiting funding] mkt cap £27.8m @20.68p
On topic - industry news.
KDNC owns 2.77% in Bacanora and 30% JV [2]
News
1 Apr 2019
Barksy1-thank you for your message. I am not surprised that on the beta site, REM cannot be seen. Eventually, may be phased out.
News...do you know that on the new beta.lse.co.uk you cannot access REM. A few have been invited to try it.
"Rare earth spotlight brings Hastings Technology to market."-Australian Financial Review , 1 Apr 2019.
Thanks to jmb2 who posted the above on KDNC. However, the 1st part is seen and the rest via a paywall.
However, below is the quote from the AFR from the full article:
"Investors were told Hastings is developing the 2ND RARE EARTH mine and associated processing plant OUTSIDE CHINA. FIRST mining at its Yangibana project, located in Western Australia is slated late 2020 and FIRST PRODUCTION in early 2021."
Note: KDNC - REM owns 30% JV in Yangibana -P2.
Comment: Many investors may not have noticed but the market is n o longer valuing KDNC on a mark-to-market basis given it may now be aware of the investments in several advanced stage projects and more importantly, like Hastings, it could become the 2nd largest rare earth co in Australia after Lynas [Westfarmers recently bid $1.5b to takeover Lynas but was rejected.]??
Please check accordingly. Just an observation.
News,
Mon, 1 April 2019
The Australian stock market is now opened:
1)Hastings Technology Metals [ASX:HAS] is under a trading halt currently.
2)AIS - no movement as assays are awaited, hence AOU also no movement.
This relates to thed Aeris Resources [ASX:AIS] drill re: Lake Torrents, S. Australia [near the renowned BHP Olympic Dam].
3)Alliance Minerals [ASX:A40] is up 5.71% to A18.5c, MKT CAP A$228.4 Million even with no announcements. Alliance Minerals owns the high profile Bald Hill lithium deposit. KDNC [REM] has recently acquired the PICASSO Lithium licence near Bald Hill.
4)European Metals Holdings [EMH, listed in London and Australia] - the share price is also up 5% to A31.5c, Mkt Cap A$46.99m. EMH*s owns the Cinovec lithium deposit in Czech Republic.
News,
Mon 1 April 2019.
DYOR. Please check from Hotcopper.
Contd:
advanced stage. Just before KDNC*s share price took off, it was at 0.11p. It hit 0.49p at its height and fell back to 0.38p. What caused this? It was the KDNC/Macarthur Minerals [MMS] RNS that said MMS had signed an agreement with Glencore as off-taker to take 4mt of iron ore for 10 yrs at US$4b and possible extension of another 10 yrs. However, there was a clarification RNS so please check.
Shortly after, KDNC did a placing for £1.3m at 0.15p.
So, KDNC shares appear to be no longer just tracking mark to market given the recent Macarthur announcement.
Why? With more advanced projects of a X size, the market is looking slightly more forward and is awaiting the funding news ETC?
One will have to wait to see?
Suffice to say, research as much as can be done at THIS STAGE is complete.
No much more can be done until further news/RNS.
This said research on this forum cannot tell any REMer or KDNCer to Hold, Buy, Sell ? Why?
If it is a fund, more commerical informdation will be needed. Specialist analysts in their field eg iron ore, copper etc will fly out to the co*s site via site visit etc. Macarthur hosted an institutional site visit recently prior to the Glencore news. These analysts and their research depts will have far more access to geological data, technical drilling reports of Olympic Dam, say etc to be able to come to a conclusion.
NO INFO IS STATIC. There could be macro news or mining funding news overall etc that could be relevant.
At this time, all junior mining stocks at almost at the bottom - see the tweet I posted from Paul Johnson. This is now all over Twitter. Nemaska, also needing some $400m funding has a share price of C34c, Mkt Cap C$288m. 52 wk high C$1.44 and low C27c. One will also notice that Bacanora*s mkt cap is £29.5m.
So, I am posting on this forum so that it can be seen in 1 place. With thanks.
DYOR. Please check as there can be typo or copying errors from notes. Shares can go up or down.
News,
Sun, 31 Mar 2019.
1:15pm
Cadence Minerals Plc [KDNC formerly REM].
Share price 0.1425p,
Mkt Cap £11.19m,
Shares in Issue 7.851b.
52 wk high 0.49p and low 0.09p dated Fri, 29 Mar 2019
Summary as above:
All the main projects are listed. In recent earlier pages on this forum, each KDNC investment was looked at in d e t a i l from open information and data. Since many of the co*s are listed or based in Australia, it was harder to track them down.
dsfat on LSE KDNC also provided an Australian exploration doc that ranked all of Australia*s minerals & respective co*s [ Link: /member-info.asp?nick=dsfat dated Thur, 28 Mar 2019: KDNC Lithium Assets in Australia]. From this doc, one can see that Bald Hill belonging to Alliance Minerals [A40] was listed & ranked and so was Hastings Technology Metals.
KDNC*s recent 3 lithium asset acquisitions included PICASSO which is near Bald Hill, Western Australia. Hastings has been in the news after Westfarmers [A$38b mkt cap] made a $1.5b offer for Lynas, a rare earth listed Oz co. In dsfat*s doc, Hastings is ranked after Lynas. It was reported in recent news that Lynas is the biggest outside China. So, the Founder*s legacy investment [REM 30% JV in Yangibana [2]] has turned out quite a ? in light of the Lynas publicity. It was reported that the Westfarmers bid lifted other Oz co*s in rare earths shares eg Hastings [ASX:HAS]
Without going over old ground, REMers or KDNCers may be aware that Bacanora lithium-clay Mexico] Macarthur Minerals [iron ore, Oz] ,Hastings [rare earths, Oz] are awaiting funding in the $400m+ area. European Metals [lithium, hard rock, Czech Republic is one step behind as it needs to do the requisite technical studies etc.
Macarthur Minerals listed in Canada also has lithium licences near the famous Pilgangoora area where Pilbara Minerals is situtated [PLS Mkt Cap A$1.4b]. Macarthur also has licences in Nevada, USA for lithium. In overnight news, Nevada for lithium is in the news on Twitter.
As for REM Greenland, also the Founder*s legacy, the co is watching the progress of nearby GGG [ASX] and their world class Kvanjefeld rare earth project. REM holds the licence in their own right 100%.
So, it is only Auroch Minerals [ASX:AOU] that is in the early stage. All eyes will be upon the pending assay results of Aeris Minerals AIS for their Lake Torrens copper project. Auroch is near Lake Torrens. AIS mkt cap is around A$76.9m whilst Auroch is A$6.7m. Why is that? AIS*s per the article I posted said that Lake Torrens could be bigger than the giant Olympic Dam in South Australia. Auroch is at an early stage and will be following up with drilling.
MARKET - VALUATION OF REM-KDNC
In recent times, the market has chosen to value the stock as MARK to MARKET ie the daily stock prices/mkt cap of the co*s investments. In other words, daily portfolio valuation akin to a discovery fund.
However, what has changed in recent times is that many of these investments are now in advanced sta
1)SONORA LITHIUM MEXICO - 2.77% stake [30%JV Bacanora/REM {2}]
Bacanora Lithium MKT CAP £29.25 MILLION
2)CINOVEC LITHIUM,CZECH REPUBLIC -REM 19.2% stake , MKT CAP £24.93MILLION
3)HASTINGS TECHNOLOGY METALS [ASX] - Yangibana Rare Earth, Australia [30% JV {2}]
A20c, MKT CAP A$155.6 MILLION
4)REM GREENLAND 100%
Nearby Greenland Minerals [ASX:GGG], Mkt Cap A$56.63 MILLION - World Class Kvanjefeld Rare Earth.
5)MACARTHUR MINERALS [CANADA, Iron Ore] - 10.1% stake
Mkt Cap C$26.64m @.09c
6)AUROCH [Australia] 6.7% stake - MKT CAP A$6.97 MILLION
Nearby Lake Torrens, Australia JV [Aeris AIS (70%) MKT CAP A$76.9 MILLION & Argonaut [ARE] MKT CAP A$26.4MILLION.
7)PICASSO LITHIUM, W.AUSTRALIA [new asset]
Nearby High Profile Bald Hill, Alliance Minerals [ASX:A40], MKT CAP A$228.4 MILLION @A17.5C
8)LITHFIELD, NT, AUSTRALIA [new asset] - Lithium
Near Finnish Project, Core [ASXK:CXO] A$37.5 MILLION @A5.4c
9)ALCOOTA, NT, AUSTRALIA [new asset] - Lithium
10)SAN LUIS, ARGENTINE - Lithium
etc
News
Sat, 30 Mar 2019
Note: The details are in the title at this forum under REM 10 Projects etc [recent posts]
Please check as there can be typo and copying errors.
DYOR.
Eyes will be watching Aeris Resouces on ASX:AIS: A16c, Mkt Cap A$76.91MILLION.
Status of Lake Torrens JV, South Australia: Awaiting assays for Hole TD7 -drilled to 858m.
See 18 Mar 2019 Announcement -Torrens is 40km NE of the spectacular Oak DAm copper discovery announced by BHP in Nov 2018. There are 28 district target zones within the "BROADER TORREN*S ANOMALY."
Note: Aeries is in joint venture with Argonaut Resources [ASX: ARE] on the Lake Torrens copper project, South Australia. ARGONAUT share price 1.7c, MKT CAP A$26.42 MILLION.
Source: Hotcopper - https://hotcopper.com.au/ais/discussion/
Joint Venture on Lake Torrents, S.Australia : AERIS Resources 70% & Argonaut 30%.
Comment: So only 1 drill hole completed on TD7 with assays PENDING and their mkt cap*s.
News
Sat 30 Mar 2019
"20.4% copper assay for Auroch in South Australia."-The West Australian, 7.2.19
"..Mineralised corridor that extends at least over 1 kilometre long. Auroch*s ARDEN is North of their East Torrent, SA licence."
https://twitter.com/LONDONAIMCAP/status/1111956440388943874
News,
Sat 30 Mar 2019
DYOR. Please check as copying from notes. [2 articles dated today under this thread]
"Auroch muscles into upmarket address."-The West Australia
"Nailed 1600sqkm best mineral address. BHP*s Mind Blowing drill intersection WEST of Auroch - Elephant Country surrounded by several Tier 1 Olympic Dam & Carrapeteena, under construction. Auroch CEO: Our ELA*s are situated on a LARGE GRAVITY ANOMALY along TREND from Torrens JV projects, which recently defined drill targets over an area LARGER than Olympic Dam."
"Auroch*s Torrent lies in the heart of Eastern Gawler Craton, SA, a globally recognised IOCG copper gold province.
BHP recently announced Mind-Blowing drill intersections West of Auroch*s new ground."
"BHP*s recent drilling programme...intersected HIGH grade copper mineralisation up to 6% copper over 180m [down hole intersection]. According to management, project specifically covers the Torrens * IOCG Hinge Zone*
https://twitter.com/LONDONAIMCAP/status/1111949795504082944
Torrens JV-Aris Resources. The article in this thread from The West Australian mentioned Aris Resources drilling next to Auroch*s Torrens East.
"ARIS RESOURCES SPINS DRILL AT POSSIBLE SLEEPING GIANT PORPHYRY SYSTEM."- Proactive Investors,Austalia, 22 Jan 2019.
Quote:
"The heli-portable drilling rig will drill 8-10 holes to depths of 800-1500 metres. Drilling is testing an ANOMALY L A R G E R than the world renowned Olympic Dam."
https://www.proactiveinvestors.com.au/companies/news213004/aeris-resources-spins-drill-at-possible-sleeping-giant-porphyry-system-213004.html 22 Jan 2019
DYOR. Please check.
News,
Sat, 30 Mar 2019
"Auroch finds numerous targets for copper/gold in SA."- The West Australian, 14.3.19
See map: Torrents East and how close it is to Carrapateena & Oak Dam West [BHP], both World Class discoveries.
See Oak Dam drill results denoted in the map.
Quote:
"BHP*s colossal Olympic Dam and Oz Mineral*s impressive Carrapateena deposit." [Olympic Dam is close to Oak Dam, also BHP]
"Drilling of the Torrens gravity ANOMALY by WMC in the late 1970*s & the Torrens JV in 2007-08, CONFIRMED the presence of a MAJOR IOCG mineralised system several hundred metres below the surface and blanketed by a sedimentary cover."
"Whilst it is early days for the co at TORREN*S EAST, THE POTENTIAL PRIZE IS A COMPANY MAKER and based on that a l o n e , it could not find itself at a BETTER ADDRESS to find a WORLD CLASS DEPOSIT, in this GLOBALLY RECOGNISED IOCG copper gold p r o v i n c e."
Note:
From the map, Lake Torrens JV [AIS 70% ARE 30%, drilling commenced 22.1.19] is next to Torrens East [Auroch 100%]. Two different co*s.
Comment:
Its nearology again, Torrens East near Oak Dam and Carrapeteena. Arden [Auroch] is just below Carrapeteena although not mentioned in this article [Arden was mentioned by Alan Green as high grade copper etc in his recent interview].
In the post earlier on REM: KDNC*s 10 projects, Arden was mentioned and nearology to the world class Oak Dam & Carapeteena.
https://thewest.com.au/business/public-companies/auroch-finds-numerous-targets-for-coppergold-in-sa-ng-b881135999z
News,
Sat, 30 Mar 2019
DYOR. Please check. Please read the full article for details.
"Juan Carlos Zuleta,Lithium Economic Analyst: As for India, its President is scheduled to visit Bolivia next week to talk about lithium industrialicion. The only problem is that there is no lithium LEFT for them {@at least for the NEXT 5-10 yrs} in the country, after AGREEMENT WITH GERMANS & CHINESE."
29 Mar 2019 https://twitter.com/ParikhKaushal/status/1111726419820904449
Nice find. Correct link is:
https://stockhead.com.au/resources/could-wesfarmers-love-for-lynas-spark-more-interest-in-rare-earths/
;-)
Do you really type them out? Why not copy and paste?
Hello @news. Any chance we can use the main KDNC board - it's becoming tiresome for me to check in 3 places. Who cares if we annoy some posters with our research & ramblings: we have every right :-)
"Could Westfarmers love for Lynas spark more interest in RARE EARTHS."-Stockhead.com.au, 28 Mar 2019
https://stockhead.com.au/resources/could-westfarmers-love-for-lynas-spark-more-interest-in-rare-earths/
Quote:
"Lynas up 35% ...does not plan to engage with the $38 billion Westfarmers because it does not like the terms of the indicative offer and highly conditional proposal."
"Pensana gained the most, climbing 16.7%..the co pointed out that Boston-based Fidelity - one of the world*s largest equity funds with about US$2 trillion {$3.5t] had amassed a 5% STAKE in Pensana. Fidelity also happens to be a major investor of Lynas. "
"Pensana said the Westfarmers bid is expected to attract attention from institutional investors looking to POSITION
themselves in the $300 billion EV thematic and from M & A advisors looking for the NEXT MOVE in the SECTOR."
"Hastings climbed nearly 14%..." [All the details about Yangibana]
Comment:
REM has 2 rare earth projects - Hastings JV 30% Yangibana and REM Greenland, near world class Kvanejfeld.
News,
Fri 29 Mar 2019
Just for some clarity:
The article about the notes was not something critical? Why? The auditors had signed off the last a/c which mentioned 12 months. Also, the note was not so excessive large?
As said, a raise is the normal course? Seemed obvious?
On Twit, from recall, someone said that shorts made a killing?
So, it is possible that it has attracted short thesis?
Its quite easy to write a short thesis. However, the short thesis may not give a balanced view.
Why? The raison d*tre is not to give a balanced view in a short thesis.
So, as investors, one should produce a balanced view.
So, this is the reason why a review or letter to shareholders would be helpful? If there was no short note, then it might not be as necessary?
News.
Fri, 29 Mar 2019
Typo: Should be chose. I am short-sighted. LOL.
I had some reservation about San Luis as it was not the traditional brine project. I think it was just a stop-gap in retrospect. I checked the peer and nothing much was happening.
Teabiscuit has asked on KDNC what is going to lift the co. Its just expressed in a different way.
REM was formed from a shell and Sonora was THE project. The takeover did not take place of BCN [Sonora] and the co was back to square 1. No surprise what happened thereafter given Efficient Mkt Theory kicked in.
In recent days, an article was written [paywall] but the gist on the forum was that KDNC could not sell EMH since it was a large stake at 19%+.
Anyone would have known that a funding event was the most obvious. I didnt voice this on the forum as this is a sensitive subject. However, now that it has taken place ie raise of £1.3m @0.15p, one can mention it.
Is KDNC going to follow the same REM path? The Founder choose Sonora as the project. This is a large and world class project which Mi das said could produce 10% of global demand then.
So, is the Management by Objective the same now?
That is not price sensitive but a reveal of "Strategy."
Same for Hastings - it has Yangibana which could produce 6% of world demand for rare earths and 2nd TO LYNAS, now the subject of a hostile takeover at $1b.
Same for Greenland Minerals [GGG] - the world class Kvanjfeld rare earth project could become globally significant and for some time to come.
Accordingly, their MKT CAP REFLECTS it.
So, what about KDNC?
Did Mr Allan Green*s mention of "deal" and a small co overnight could have a "transformational" project in general? If so, it means that KDNC could be lifted from the current day.
This is what everyone wants to know. If it cannot be told, then one would need to find out.
Why? One has to make decisions based on value or potential value or potential project that in turn could turn into value.
Just to clarify. So, even if there is a map we could see, it would help.
News
Fri 29 Mar 2019
I have to keep reminding myself that I am allowed to get excited about Picasso. I keep putting the brakes on because of the disappointment over the San Luis licences - months of waiting, years now! But we have the licence already for Picasso - so news could roll in any time! ;-)
I saw a more detailed map of Bald Hill but in essence, it will suffice.
In the REM days, Phalen was the one that said that the size of Sonora was very big. He also went on CONTINGUOUS from the Ventana map.
Same way, deposits are usually continguous as in Arden from recall of the post in this thread.
It is usually continguous and ALONG STRIKE , otherwise no point getting the licence.
Maybe Kiran will be kind enough to provide us the Oz Geo Dept map of PICASSO.
News, Fri, 29 Mar 2019
Thanks for the link. The correct link is:
https://www.allianceminerals.com.au/wp-content/uploads/2019/03/02088109.pdf
and the slide is page 5 not 4 ;-)
If you remember Sonora Obs, our Founder did a walk-about and said BEFORE even 1 drill had been done that it was world class from recall.
I am sure someone had a walk-about on the Picasso licence, near Bald Hill otherwise, they might not have just taken on something blind.
If, we know early, like Sonora when REM was 0.04p, its might or could be useful to gauge some idea?
If the Founder was still around,oh my, I am sure he would be singing away?