Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
As above, RNS today from KDNC.
On CCZ Australia, they also issued an ANN: " 2 PRIME lithium projects." [CCZ are the potential buyers of Litchfield & Picasso with seller being KDNC].
The Australian*s love it & CCZ*s share price in Australia is +15.6% on the news.
The word "PRIME" is self-explanatory.
Litchfield is near Core Lithium [mkt cap A$600m+] and who are developing Australia*s next lithium project in Northern Territory, Australia [lithium spodumene.] Spodumene is fetching high prices.
29.9.21 [Wed]
News.
I have just listened to the interview on Cadence Minerals [KDNC] Twitter site on https://twitter.com/CadenceMinerals Wed, 22 Sep 2021
Here is what I heard or could hear as some parts on Amapa was not very clear:
1] Explained KCNC is an investment co. So, operating and listed investments.
On EMH, there was REALISED gains with the rest unrealised.
PREDOMINENTLY EMH.
2]LITCHFIELD , AUSTRALIA
Domant. Now, EV etc, next to Core Lithium*s DFS part. Litchfield [KDNC] licence is "AJACENT to Core*s Finnish lithium project, Northern Territory, Australia.
Mentioned looking at data etc. Alan Green said $350m not to be sneezed at ie Finniss DFS?
3] Sonora & Hastings.
Think he said going to talk to Ganfeng IF the BCN takeover deal goes through. KDCN or rather REM Mexico is a minority holder.
4] Amapa- 1 bank going through credit committee*s. Couldnt catch the the rest of it about the implications?
5] Share price 30p. Today 17.25/18.05p showing above today, Wed, 22 Sep 2021. Iron ore price -following. Anglo American - Amapa on the books for US$600m.
6] LITHCHFIELD -SEE HOW WE GO. INTERESTING + AMAPA. Earlier, said Litchfield, see how we create value, JV etc.
Comment:
The market DOES NOT LIKE UNCERTAINTY. So, the interview from the horse*s mouth couldnt come at a better time with 30p to 17p today over a short time.
Relating to Amapa, a word cropped up but I dont want to use it ie "C." The part I couldnt catch is the implication of this 1 bank that is holding up signing the agreement. This is the most important part but the words were swallowed up etc.
LoL - EMH is "PREDOMINANT" - rightly so as it forms the major part of the value of KDNC.
LITCHFIELD, AUSTRALIA - A NEW & REVISED VISION vs domant in the past.
To me, this is REM III.
REM 1- EMH & Sonora [BCN JV]
REM 2- Amapa [Change of name to KDNC]. DL gone.
REM 3- Amapa, LITCHFIELD [EMH]?
News.
Cadence Minerals in their very recent interim results mentioned Litchfield Lithium project which is near Core Lithium*s Finniss project in Northern Territory, Australia.
Core Lithium on the ASX has jumped 27.1% to Australian 44.5c with a MARKET CAP OF A$6 8 8 MILLION even though they are no where near having a mine yet.
I am posting evidence given I was told that KDNC holders dont want the co to have anything to do with lithium but to concentrate on Amapa iron ore.
However, KDNC thinks differently as Kiran Mozaria does have an MBA and is cognisant that all co*s have to de-risk and not have just 1 operating asset. Hence, why the mention of Litchfield lithium project in their latest results etc.
Just posting for history.
News, Tues 14 Sep 2021
By the way, Litchfield is NOT clay lithium like Sonora lithium [JV BCN in Mexico]. Not only did KDNC mention Core Lithium*s Finniss lithium project which is near/adj to Litchfield KDNC but the co also bought quite a lot of shares in a new IPO that is exploring ALSO near/adj to Core Lithium*s Finniss project. LITHIUM IS THE RAGE AT THE MOMO DUE TO THE SPODUMENE PRICE but I see no one on the main board of KDNC is aware of what is going on? Nothing said?
I have just read the KDNC interim results again:
"ALL of our shareholders are AWARE that the REMAINING M A J O R PRE-CONDITION for Cadence to make its F I R S T STAGE INVESTMENT IN AMAPA project requires DEV [Cadence & Indo-Sino JV] to reach a SETTLEMENT with the SECURED CREDITORS.
We understand this process has been frustrating, given that we agreed on the principal terms on Sep 2 0 2 0, but this matter is OUTSIDE OUT CONTROL.
T H E A L T E R N A T I V E to the current agreed [in principle] SETTLEMENT WOULD BE HUGELY DETRIMENTAL TO THE SECURED CREDITORS, N O N E T H E L E S S."
"As of the end of Aug 2021, Dev shipped 3 cargoes totalling approx 143,000 wet tonnes of 58% iron ore. DEV is also contracted to carry out logistical and shipping services for 3rd parties who have STOCKPILES held at Dev*s port which it has been doing SINCE IT COMPLETED ITS 3RD SHIPMENT IN MAY OF THIS YR. These 3rd party stockpiles are separate from the 1.25m tonnes of 58% iron ore [+/-10%] owned by Dev. At this point, DEV intends to CONTINUE to carry out these shipping activities for THESE 3RD PARTIES. This is because CURRENT SHIPPING RATES have increased dramatically....THEREFORE THE SHIPPING OF DEV MATERIAL WILL COMMENCE AT A L A T E R DATE." 21 Aug 2021 KDNC RNS, INTERIM RESULTS
Comment:
So, 1, KDNC says ALL SHAREHOLDERS KNOW as above. 2. No JV iron ore shipping SINCE MAY 2021. 3. Recommencement of Dev-KDNC shipping of stockpiles will be at a "later date." 4. KDNC says that the "ALTERNATIVE" - in the context it does appear to mean if NOT SIGNED re: agreement for Amapa settlement. So, all clear from the RNS.
Sat, 4 Sep 2021. Answers all my questions on this forum and from the horse*s mouth.
The last KDNC RNS was just issued relating to the Interims results. Kiran Mozaria has said in one of the later interviews that the economic interest is upon the agreement. Check a few posts down for the reference. That is commonly known.
AMAPA IRON ORE PROJECT, BRAZIL
The 1st 20% of the project is dependent upon 1 LAST BANK SIGNING THE AGREEMENT.
This is the moment of TRUTH coming as to the OUTCOME that is awaited.
HEDGING
I posted that KDNC has taken a DIFFERENT DIRECTION but no one has noticed which was stated in the said lastest RNS re: Interim results.
So, all waiting. Fri, 3 Sep 2021.
contd:
As said, the KDNC interims and tweet showed a change in heart over Litchfield lithium licence, Northern Territory, Australia.
This is a historical account of the REM II.
One that will need re-visiting in the years to come given that the re-commissioning of Amapa will take X period per the information provided and this will be after the technical studies etc & of course the financials as norm.
News, Sun, 29 Aug 2021.
Rem * er.
Cadence Minerals:
The NEW KDNC has moved to the AMAPA IRON ORE project in Brazil vs REM plc in lithium
namely Bacanora Lithium [20% region share stake] + 30% JV of the Greater Sonora , Mexico lands, European Metals, Cinovec, Czech Republic [20% region share stake] & Hastings JV Yangibana Greater Lands , Oz @30% [Rare Earths]. Founder & Chairman of REM plc was David Lenigas. Name change to Cadence Minerals [KDNC] with Kiran Mozaria, CEO & Mr Suckling, Chairman.
AMAPA IRON ORE, BRAZIL
At this time, Sun 29 Aug 2021, the AGREEMENT to take the 1st 20% of the project has NOT yet been signed. Read the interim results dated 26 Aug 2021 for details.
INVESTMENTS BOTH PASSIVE AND ACTIVE FOR KDNC [CLASSED AS INVESTMENT HOLDING CO];
EMH £14.8 Million
MacArthur Minerals £324k
Celsius Resources £103k
Eagle Mountain £153k
Charger Metals £109k
Other £6k. [All are passive except European Metals [EMH]. From recall, the stake is some 9% region but check latest if interested. EMH mkt cap £152.54 million @87p with 52 wk high £1.10 & low 18.5p]. T O T A L : £ 6 9 5 K [Passive Investments] T O T A L : £ 1 4 . 8 MILLION [Active @26 Aug 2021 Interims].
--------------G R A N D T O T A L : £ 1 5 . 7 5 M I L L I O N.--------
---------------HELD IN ESCROW : £ 2. 5 M ILLION FOR INITIAL 20% OF AMAPA.-----------
KDNC Share price: 23p/24p -4.08% [Fri, 27 Aug 2021]
MKT CAP: £35 MILLION
Mkt Size: 10,000. Shares in Issue: 149 Million.
52 wk high 32p & low 10.4p.
No of shares sold £38k [162,058 shares] & shares bought £6,913 [29,418 shares] on main KDNC forum data from London South East.
BACANORA LITHIUM TAKEOVER BY GANFENG
Offer was for £284.8 Million or US$391 Million. Initial offer: 67.5p cash. New offer: 73.6p but this includes free Zinnwald shares with provisos although the cast offer 67.5p remains. Bacanora owns 50% of Sonora Lithium & Ganfeng 50% although in the 1st stage potential production, KDNC does have a very small %. At this time, stated potential production is 2023.
RE-VISIT:
I SHALL RE-VISIT in the year or years to come as the Amapa iron ore project has a mine life of 14 yrs once commissioned. At this time, KDNC/Dev JV has shipped some of the left-over ore but as the interims said it appears that other ore is being shipped etc - see details in the said interims.
One has to also note that Ganfeng has NOT taken over Bacanora as a pure greenfield project with only PFS but one in which Bacanora has already paid for their share of capex for the 1st stage. I have a theory about Litchfield lithium licence, NT, Oz near Core Lithium*s FINNISS but I await to see further evaluation per interims @26 Aug 2021.
contd
So, I was hoping for some common discussion on all things KDNC but it was NOT to be.
Those days of co-operation & GOODWILL at REM plc are LONG GONE.
On stocks, all stocks one cant afford to dream - REM plc [old name for KDNC] SURVIVED the lithium DOWNTURN & COMMODITY BEAR MARKET by its PORTFOLIO consisting of BCN SHARES & EMH shares which were bought when they were in the early cycle. The co survived but had to sell some 20% OF BCN SHARES and nearly 10% of EMH SHARES from recall? HISTORY NOW.
I recalled that the co had SOME 20% of both co*s?
I have just seen a side post on the left - it is on one of the co*s and the post stated:
"PLACE YOU BETS, ITS AS SIMPLE AS THAT.."
It is of concern that share buying is thought of as PLACING BETS and that its as simple as that.
ONE IS TOLD TO DO DUE DILIGENCE, NOT PLACE BETS. Its a wonder how people just press the BUY -SELL BUTTON WITHOUT THE REQUIRED DUE DILIGENCE etc.
With that, I take my leave. On Twitter, I am taking a rest so that I have more time to do more research as the market/s continue to change with the changing economic scenario etc.
So, INVEST WITH CARE.
News, Sat 28 Aug 2021 @6:10pm.
I am hurrying off for dinner so will not edit.
I would like to explain my position:
Bannor said that those who want to discuss KDNC can come to this site & others can discuss other topics on the main KDNC forum.
THIS FORUM:
On Fri, 27 Aug 2021, I saw on Twitter how someone lost more than £50k on one helium stock. This was not something pleasant but one which I have come across over the years. How did this happen? I think people buy stocks WITHOUT knowing the subject matter very well eg basins in general and in particular given that it is speculative - drill 1 hole & it could turn red or black sort of situation as is common to even wild cat oil drilling.
POSTING RESPONSIBLY:
For this reason as above, one should always post responsibly ie bear and bull points like how IC does on features. That way, people can see and check for themselves and do further research which is due diligence. Over here, REM iers in the early days said they wanted to go out to MEXICO to CHECK OUT SONORA etc.
SUBJECTS ON THIS FORUM:
1] KDNC*S LITCHFIELD - it is in the BRYNOE BASIN near Core Lithium*s FINNISH lithium project in Northern Territories. One said on this forum that KDNC*S LITCHFIELD LICENCE ONCE BELONGED TO CORE LITHIUM? I did not see that anywhere. Oh, it was explained that Core owns the BRYNOE BASIN!! It is significant that if Core indeed owned it, then why did they relinquish it? In fact, there are DIFFERENT SECTORS TO THE BRYNOE BASIN - proof? CHARGER in my earlier post IPO*ed on ASX to explore for lithium in the BRYNOE BASIN so it may be EAST, WEST, NORTH OR SOUTH OR NEAR CORE*S FINNISS. KDNC is near FINNISS. We can now see that Kiran Mozaria NOT ONLY TALKS OF LITCHFIELD NOW BUT ALSO INVESTED IN AN EARLY STAGE EXPLORER IE CHARGER per the interim results dated 26 Aug 2021. When, it does not say in the interim results as is norm. SO, IT WAS IMPORTANT TO DISCUSS LITCHFIELD as that would give an idea given KDNC did not say much then about this.
EVERYONE HAS THEIR OWN IDEAS, VIEWS, VALUATIONS ON A ENVELOPE:
Per BCN [JV partner to KDNC], one said that to win the takeover vote, Ganfeng needed 75% or 90% of the votes but I posted an article from the FT that said the co NEEDS 50%. Is this splitting hairs? Ah NO. Why? If one were to check the INSTITUTIONS HOLDING BCN stock, one can see the numbers & % so, any holder of BCN would need to know if it would PASS OR NOT PASS.
It involves $$ £££. If it needed SUCH A HIGH THRESHOLD, then there is some risk attached if the takeover fails to go through as norm. I thought that the FT may have CHECKED with CORPORATE ADVISORS - INVESTMENT BANKERS IF THEY WANTED TO to get the % right so I went with the FT*s %.
Money is involved and BIG OR SMALL, FEW CAN AFFORD TO LOSE SAY £50k+ AS IT IS HARD TO RECOVER it. Reading that tweet on Fri brings home this truth. Hence, it is NOT a matter of
WHOSE RIGHT. WRONG SUMS = LOSS OR WRONG TAKE ON THE SITU.
Most AIM stocks due to the regs are under-researched and that is something that is known.
So,
The above also shows KDNC*S INVESTMENTS:
"EMH £14.8 million [active].
MacArthur Minerals £327k [passive] on ASX, TSE
Celsius Resources on ASX £103k [passive]
Eagle Mountain Mining ASX £153k [passive]
CHARGER METALS ASX £109k [passive]
Others £6k [passive]"
I recognised Eagle Mountain Mining as another AIM listed co also is holding this which is copper related [copper project in Oz]. I have just read an article from Oz and noticed the name CHARGER METALS from what I read from the KDNC interims yesterday.
LoL -CHARGER METALS "IS NOW UP 250% FROM ITS IPO PRICE OF 20C PER SHARE. FIELD WORK HAS KICKED OFF AT CHARGER*S B Y N O E LITHIUM PROJECT, NEAR DARWIN IN NT. BYNOE IS S U R R O U N D E D by Core Lithium*s FINNISS project." -Source: SH, Oz, 12 Aug 2021.
Comment:
I recall that a co floated on the ASX to look for lithium NEAR FINNISS [Core Lithium] ALSO IN THE BYNOE area. KDNC*s LITCHFIELD LICENCE is also in the BYNOE area. I said L o L because KDNC has A L S O invested in this new ASX IPO exploring for LITHIUM near Finniss. Core has now advanced their project further via a raising.
"CORE LITHIUM INKS OFFTAKE DEAL LITHIUM POWERHOUSE G A N F E N G AMID TRANSFORMATIONAL MULTI-STAGE A$140 MILLION EQUITY RAISE."-Proactive Investors AU, 10 Aug 2021
"Ganfeng , mkt cap US$40 Billion has promised to OFF-TAKE 75k of spodumene every year for 4 years from FINNISS. The lithium powerhouse has also COMMITTED A$ 34 MILLION at 33.8c per CORE SHARES, a 10% PREMIUM." Other conditions securing Chinese regulatory approvals, Core entering binding agreements with GANFENG INCLUDING THE EQUITY INVESTMENT BY GANFENG AT N O L E S S THAN A$80MILLION. OBTAINING APPROVAL FROM CORE SHAREHOLDERS.
Comment:
Core shareholders AS COMMON to all stocks have the RIGHT TO APPROVE OR NOT APPROVE, same as it was with BCN then = CHOICE. The money to be raised is to help Core INTO PRODUCTION. Notice IT IS NOT A TAKEOVER PRIOR TO CAPITAL RAISING OF A$140 Million.
Thereafter, TIME WILL TELL what happens next?
All very interesting especially KDNC*S COMMENTS IN THE INTERIMS ABOUT LITCHFIELD, NEAR FINNISS in my last post yesterday and also that KDNC bought CHARGER SHARES, a project near Finniss also. In the mix, GANFENG.
KDNC TWEETED THE ABOVE WITH PICTURES:
"Cadence Minerals interim results
-AMAPA iron ore remains out top priority.
-Early stage N Australia LITHIUM prospects could be of STRATEGIC IMPORORTANCE.
-Equity holdings performance driven by EMH delivered PBT of £2.8m."
https://twitter.com/CadenceMinerals/status/1430851764161585155 dated 28 Aug 2021
------
LoL - Early stage N Australia lithium [Northern Australia] in LIGHTS.
Just read it ie above. Highlights:
IRON ORE:
"After the period end, we saw a SOFTENING OF IRON ORE & other commodities [although lithium compound pricing remains strong]. We believe this is driven by C H I N A * S protectionist policies, including the imposition of steel quotas, crackdowns on speculative trading & Covid 19 Delta."
LITHIUM ASSET IN NORTHERN TERRITORY:
"We are also in the process of reviewing our privately held assets, in particular, our early stage lithium prospects in North Australia. We believe that these could be of some STRATEGIC IMPORTANCE GIVEN THEIR PROXIMITY TO THE FINNISS PROJECT, owned by ASX Core Lithium."
"Our assets are prospective for pegmatites especially our LITCHFIELD exploration licence, which is adjacent to Core Lithium*s Finniss project. A FS was completed on Finniss which shows a PRE-TAX NPV of A$384m."
"Given the PROGRESS being made at Finniss project, we will be reviewing the targeting of FIELD STUDIES carried out in 2019 to determine if its worth PURSUING FURTHER EXPLORATION IN OUR JV areas."
BACANORA-GANFENG TAKEOVER
"As far as the co is aware, the possible offer has no DIRECT effect on our JV. Should the cash offer be successful, it will be highly encouraging for the development of the project, given Ganfeng*s...."
My Comment:
I mentioned on this forum about the potential softening of the iron ore price ie China in relation to NOT TAKING the iron ore price at the HEIGHT. So, given it is factual now, it is insightful.
I also mentioned Finniss and interesting to see KDNC fully COGNISANT of it possible or potential significance. Look forward to further news on this.
Have not seen any other mention about the BCN-Ganfeng takeover so good to know KDNC has included it in their interims.
News, Fri 27 Aug 2021.
LoL
I have found a example of the way one should now tweet:
It has COMMENTARY typed by a human so that it is NOT a bot/auto.
It is also NOT a RE-TWEET or QUOTE TWEET so that is is NOT a bot/auto.
For that it had a SCREEN SHOT which means not just press a button from bot/auto.
EXAMPLE ONLY https://twitter.com/*************/status/1425030980092547078 10 Aug 2021
Everyone seems to know THE NEW RULES. OR type sentences but that could be ???
So, the above example is perfect as it gives attribution which can be checked by using @
etc.
Hmm, so @Barksy1 of London South East KDNC main forum, you will have to follow the lithium story, iron ore story which KDNC is in via more channels as many will not have the GIMO/techn to do all this new style/s. It would take ALL DAY to make sure its not too many in 1 hr etc or it may be a b ot/auto.
REM Plc
-Sonora Lithium Project, Mexico [JV with Bacanora Lithium @30% Greater Sonora Lands]
Bacanora awaiting takeover timeline from GANFENG.
IF completed at the takeover price of 67.5p, then comes KDNC later as to what happens to the Greater Sonora Lands. REM plc offered Bacanora £1 to take them over.
-GREENLAND RARE EARTH
News out yesterday relating to Jay [Greenland] & their licence at Disko. A vehicle with Bezos of Amazon fame & B. Gates of Microsoft fame have done a JV with them. GREENLAND IS IN FOCUS after Potus wanting to buy Greenland.
D.Lenigas got the licence next to Greenland Minerals for rare earths. GGG the neighbour is a world class rare earth project in Greenland. Alas, the licence was let go after Mr Lenigas left REM plc.
HASTINGS Rare Earth, Australia
JV for the Greater Lands @30%
KDNC
-KDNC*s has a licence contiguous to Core Lithium [Finniss lithium project]. Yesterday, news about GANFENG & Core Lithium re: Offtake. This is in the Northern Territory, Australia.
-AMAPA IRON ORE, BRAZIL
Still awaiting 1 bank to sign the agreement and then KDNC will own 20% of the project initially.
Share price: 26.5p/27.5p. Mkt Cap around the £40m mark when I checked days ago.
The share price was the TOPIC of GREAT DISCUSSION on this forum and the main forum.
Kiran Mozaria, CEO of KDNC has stated that "economic value" - agreement relating to Amapa.
I did not tweet to KDNC as there was no need given the X Y Z has never been repeated again given everyone is a shareholder of REM plc later renamed KDNC.
So, history awaits and the story can end here as it will take some time before one knows the outcome of all of the project. For myself, as said, I was only interested in the LITHIUM projects of REM plc and also the Greenland project. However, there may be development in the lithium space so one has to wait to see what happens next.
News, Tues, 10 Aug 2021
Ah, I know what all this is about re: Are you a Bo T?
I have now seen how many people are now nuanced in the new style so that the algo does not think a human is a b ot. I may try it out.
P.S.
I am awaiting some info on the new algo. My a/c is live and active and I am following the lithium news. However, there has been a mistake in the algo.
This morning there is industy news relating to Core Lithium [Finniss lithium project, Northern Territory, Australia].
From an Australian tweeter who posts lithium subject matters, he tweeted that GANFENG has taken their off-take.
KDNC owns the lithium licence contigious to Core Lithium*s Finniss lithium project.
I have not related some of the developments since some time ago on this forum. From the last time, I posted that Core Lithium was looking to buy NEARBY licences. They have done so. Later, another ASX Australian co also entered the Northern Territory lithium space but I am not sure how far or near it is to Finniss as I did not follow that up closely.
Bacanora Lithium at Sonora Lithium, Mexico features GANFENG as the acquirer for Bacanora [still pending developments etc] . Bacanora Lithium also has a Joint Venture with KDNC but for the Greater Lands at Sonora.
@Barkysy1 There appears to be new algo*s EXTERNALLY & it may be the software doesnt like pure re-tweets so you will have to check further on the Northern Territory story if you are interested. I am not following it too closely at the moment but I know you are interested in ALL THINGS Cadence Minerals & by implication lithium given Sonora JV with BCN etc.
Mon, 9 Aug 2021
P.S.
My normal way of communication with KDNC is via open and public tweet which is transparent.
I tweeted to KDNC relating to the sp forecasts made by others which includes valuation etc.
I am pleased that this has now been formally answered by KDNC via their said tweet and the said VOX Mkt Interview of today, 29 July 2021.
In the same way, I will tweet to KDNC & KM to let him know that this is an outstanding matter from long ago but which now has to be answered. As usual , it will be done in a way that is subtle. I will do this BEFORE THE KDNC AGM OF 4 AUG 2021 to be held in London @11am.
News. 29 July 2021
KDNC share price 28.5p, Mkt Cap around the £40m mark give and take from the last I looked?
AMAPA IRON ORE MINE VALUATION:
1] Kiran Mozaria, CEO, KDNC in his VOX Mkts interview today also stated: $600m valuation at the time of the AA period etc but NO UPWARD REVISION.
SUMMARY:
2] Mr Mozaria has now [horse*s mouth] CONFIRMED that KDNC cannot provide WARRANTY that the iron ore share price will be over US$200/t over the period of the shipping of the Amapa Iron Ore stockpile nor the 14 year mine of life potentially. He did NOT state it like that but the KDNC Tweet quoted GOLDMAN SACHS and it was sent to Goldman so that they can correct if wrong. So, KDNC has IMPLIEDLY stated that they are NOT going to be accountable for over $200/t iron ore price forever.
ZAK MIR*S QUESTION TO KIRAN MOZARIA TODAY ABOUT "CHAMPAGNE":
What Zak meant was when can shareholders bring out the champagne and the part about investors. Kiran Mozaria stated:
"E X E C U T I O N OF SETTLEMENT - ECONOMIC VALUE." Mr Mozaria went on to elucidate that
1 more bank needs to sign the agreement BEFORE KDNC can get 20% SHARE OF AMAPA.
My Comment:
These MAJOR points were discussed on this forum INTENSELY. Mr Mozaria himself has now stated and CONFIRMED that "ECONOMIC VALUE" & "SETTLEMENT" GO HAND IN HAND and therefore by implication, the share price. THIS IS A TECHNICAL POINT.
Therefore, Mr Mozaria goes with STATEMENTS OF TRUTH & INTEGRITY.
Those were the same points I made but IT WAS NOT AGREED TO on this forum ie VALUATION REMAINS THE SAME AT US$600M, TECHNICALLY SETTLEMENT MEANS LEGAL OWNERSHIP, IRON ORE PRICE FOR LIFE OF MINE/SHIPPING PERIOD. A lot hangs on the IRON ORE PRICE and NO ONE CAN GUARANTEE 100% the high values of OVER $200/t iron ore will continue into the entirety of shipping the stockpile or next 14 yrs [mine life of Amapa] from NOW. Why? ALL REVENUE AND SUBSEQUENT A T T R I B U T A B L E NET PROFIT to be distributed to KDNC after taxes etc will determine EPS, P/E ETC & ULTIMATELY SHARE PRICE.
That is the HONEST situ which Mr Mozaria himself has stated via his interview today with Vox Mkts and the KDNC TWEET AS STATED which I posted with link today below.
There is still 1 more outstanding matter which I will take up with Mr Mozaria. I shall leave the other shareholders to approach Mr Mozaria but I will certainly do so at some time given I was at REM plc WAY BEFORE MANY HAD ARRIVED. Then, there was only PENSION POT, TORCHY, ISDEER , Rose [a student in the university doing business study] & one or two more irregular posters.
This was the period when David Lenigas, Chairman & Founder of REM plc had done a reverse takeover of a shell and renamed it REM plc. FOR THE AVOIDANCE OF DOUBT, I WAS A SHAREHOLDER and no more than that.
That will answer the question put to me on this forum and on the main KDNC forum.
With that, thank you.
News, Thur 29 July 2021.
REM plc-KDNC was never the only stock I held and therefore as everyone knows I take an interest in all the stocks I post at.
BACANORA LITHIUM RNS - GANFENG TAKEOVER, Wed, 29 July 2021
Further to the extension, Ganfeng appears to have asked for Due Diligence etc. Kindly check the RNS for details.
THUS FAR:
1] No COUNTER BIDDER/S for Bacanora Lithium.
2] No increased offer from the 67.5p from Ganfeng.
3] No major institutional investor/s have come out to say they do NOT or may not support the said takeover? Or rather, NO PUBLIC reports from the institution/s starting from the largest as is with Morrisons say for example [Morrison has had a 2nd higher offer. Also, the largest institutional shareholder at 15%++ has come out to say they may not support the takeover. Today, the Telegraph reports further that there*s another institution may not agree to the standing offer ?].
Posting for history otherwise, its hard to pull out the news later. REM plc, now KDNC has a 30% JV with BCN in the 2nd part of the Greater Sonora Lithium Lands, Mexico so could be more to come as and when the appropriate time comes or not?
Wed, 29 July 2021
Pleased to see Kiran Mozaria is conversant with market mechanics ie Goldman Sachs forecast for iron ore and answer to Zak today on the VOX Mkt interview today as below. DYOR.
All historical.
Kiran Mozaria, CEO, KDNC Interview with VoxMkts today, Wed 29 July 2021.
Link: https://twitter.com/VOXmkts/status/1420691766710345731
Zak Mir: "....CHAMPAGNE..."
Answer: Kiran Mozaria, CEO, KDNC: "EXECUTION OF SETTLEMENT.
ECONOMIC VALUE. " It appears that 1 bank left to sign the agreement wherein it would allow KDNC to take up their 20% stake in the Amapa iron ore project, Brazil. Mr Mozaria was commenting on the SHARE PRICE IMPLICATION ? At this time, 28.5p/29.4p -1.86% [KDNC, 29.7.2021 @2pm].
My Comment:
This settles the discussion on this forum given it is from the horse*s mouth. I note the KDNC AGM is on the 4th Aug 2021 in London @11am.
As for Bacanora Lithium [BCN], I note today that the RNS stated that Ganfeng wishes to do due diligence, post extension earlier. This relates to the takeover offer for BCN by Ganfeng at 67.5p.
REM plc under DL as Chairman offered BCN £1 for the potential takeover.
There were 2 camps - now from all the chatter, it would appear that REM-KDNC *s transformation from lithium [BCN-REM JV 30% of the Greater Sonora Lithium land, Mexico] to iron ore is progressing. So, history now proves that, after all, KDNC [REM plc] lives on whilst BCN appears to have agreed their takeover?
Wed, 29 July 2021
Apt that history records what happened.
KDNC Tweet:
19 July 2021:
"...@GoldmanSachs
UNLIKELY TO REMAIN ABOVE $200/T, COULD HOVER BETWEEN $100-$150/T. #iron ore."
Link: https://twitter.com/CadenceMinerals/status/1417081713524678658
My Comment:
As discussed on this forum and the cals using current iron prices at the time to extrapolate, it good to provide verification. So, the tweet is by Cadence Mineral plc themselves and @GoldmanSachs means that Cadence sent the tweet to Goldman Sachs on Twitter.
This is at the momo and can change over time as the forecast/s are continually updated. Good to know that Cadence Minerals follows the Goldman Sachs forecast/s.
My backup.
News. Wed 29 July 2021.
"The new KDNC has a different strategy in Amapa which I do not have much interest for given I have never invested in iron ore co*s." --- I think the reason for the U -turn in strategy was simply that the Li markets was taking far longer to mature than anyone thought, and they stumbled into a project that could lift the company out of the mire it was in - simple as that really..
P.S
Prior to investing in REM plc, I was in another co and I have also openly thanked the co on OPEN Twitter.
On a stock in more recent times, I thanked the Executive Chairman of an Australian copper exploration listed in London on the forum given he said he reads the forums and has NO Twitter presence for himself or the co.
I have SEEN THAT PEOPLE THANKED GERVAISE HEDDLE AS WELL ON OPEN TWITTER, CEO OF GREATLAND WHO LEFT THE CO RECENTLY.
Many also engage with Gervaise Heddle as he has a Twitter account when he was the CEO.
So, ordinary people from the old school know how to thank.
Quite normal hence not sure why it is something that one has to answer for?
News, Sat 15 May 2021
The above is not in answer to you Barksy1. As for Barksy1, she has been in REM plc in the 1st stages of the drilling as many others who are no longer posting eg one chap from London who knew a lot about warrants etc. So, lots of people but a handful who have kept up at REM plc.
do not experience the type of situation as I and many have on the REM forum. For that reason, I chose NOT to post on the main forum as going to and fro is not something that is positive.
London South East advised to ignore or FILTER. So, I am taking their advise as well as they said there is NO need to disclose personal holdings or answer what are indirect questions on finances.
Given many of us HAVE ANSWERED before, I do NOT think that one needs to go to that route again.
Once it is put on Twitter relating to REM^ers [those who said they bought at 1p or 0.9p] it is something joyful for others to know. I clicked on to the number of impressions today and they run into more than 100 from recall. I have not checked further.
When it is put on OPEN twitter to Mr Lenigas and KDNC about the wonderful news which I am sure they will be glad to know as others who have kind hearts.
However, it does not appear to be such a happy situation on the other Sonara co [JV] and how the matter will end is unclear at this stage. However, on 6 June 2021, one should know more.
So, a courtesy note to all of goodwill and RESPECT for others that the story of REM plc has ended.
The new KDNC has a different strategy in Amapa which I do not have much interest for given I have never invested in iron ore co*s.
It was an exciting journey that REM could have picked a TOP NO 1 LITHIUM DEPOSIT/RESOURCE which is now ranked and much talked about in Mexico. If the Mexicans are wow about Sonora, how much more those of us in REM.
So, any surprise that one has respect for Mr Lenigas who founded REM and whose 1st project was the Sonora project. Others on Twitter also tweeted that REM financed the drilling and I have kept that tweet just in case there is further to and fro. This is perception bar Ventana.
News, Sat 15 May 2021.
Sorry for any typos as the page keeps freezing and its hard to edit.