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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.
Barksy1
Further to my post, I thought I would let you know that the story of REM plc has come to an END with your good self in profit for the 1st time as with many others given they also bought at 0.9p or 1p. These are the REM^ers who went to the London REM party. I did NOT attend as I was part of an earlier REM group eg Isdeer, Pensionpot, Rose etc [few people]. It was only later that the bulk of people who bought in after the said party.
I tweeted on Twitter to David Lenigas and KDNC as I am sure they are NOT aware that the party attendants are in profit now. As you may be aware, Mr Lenigas said not too long ago something like he thinks the mkt cap will get back to the same level or to that effect. I did NOT attend the party of the London REM-KDNC AGM*s so I have less contact with KDNC.
As you are aware, everyone on REM used to tweet and follow Mr David Lenigas and even today, the #davidlenigas thread is very much active. I used to see Mr James there etc.
Once I have put it out there on Twitter with a positive note, I know that the truth is very liberating for those who have had to go through those lean years of the lithium bust which took down many lithium co*s like the Canadian Nemaksa which was bigger than any of the London listed co*s.
I am a study of co history and I been with REM since inception but NOT from day 1. I saw the forum active and decided to have a look.
Now, NO ONE can say that the co has not tried to stir the co to a much better place. I remember one blogger telling Ivy on EMH that KDNC would not be able to sell its shares on the open mkt but it was obvious to everyone that a small raise would not be too difficult. That in fact happened although the blogger thought it was the DEAD KNELL for the co.
Mr Lenigas has just tweeted that he has invested in Australian plays in Paterson. I dont have at this moment much interest in gold exploration co*s as the price has not lived up to expectations given the crypto mkt has taken some of the shine from the gold mkt. So, I do NOT follow Mr Lenigas very closely as my interest at the moment are NOT aligned to the same co*s otherwise it is always interesting to listen to what he has to say given he would know more about resources than most lay people.
So, a STATIC MOMENT for REM^ers and it now depends on what they want to do with their REM positions. I am currently reviewing my own position given the inflation situation has come into play and therefore I am at cross roads.
I take my leave and choose not to answer to questions that have been put to you, observer842, Ivybush etc as even the govt does not ask us our stock positions and the London South East has advised me before that there is NO need to disclose personal finances ie stocks.
The REM time has now passed. I have little interest as I said for iron ore - this is very dependant on demand from 1 user country especially given the news yesterday.
In my personal life, I do NOT experience the ty
News - can I ask - are you a shareholder in KDNC ?
---------------A NEW CHAPTER BEGINS FOR REM^ers----------------------
A symbolic start of the end of the lithium bear market and COINCIDES with a recovery in the resource sector. I note on Twitter, there is an absolute silence [no repeat of the past etc] on that thread and the reason as you said is, that is the "truth."
The chapter on REM is NOW closed with the recovery and IN profit situation. However, what happens AFTER this is ANOTHER NEW CHAPTER that will bear NO link to the past.
I hope Barksy1, you will keep abreast of what I said about the supply and demand market - today*s FT article is instructive. That is the rule of all resource markets.
With that, thank you for the hand of goodwill & everyone else of goodwill.
I am sure everyone understands what is the meaning of symbolic - you were the 1st to express it but I was already cognisant given the KDNC market cap currently as said.
News, Sat 15 May 2021.
Hello news, I don’t have a problem with that at all, it’s the truth..have a good evening
--------------------SEEKING ALPHA ON BACANORA LITHIUM, 10 May 2021-------------
I have just seen the above article on BCN forum with thanks and attribution.
"THE SONORA PROJECT, which is the world*s LARGEST LITHIUM RESOURCE, 8 . 8 T ON N E S OF L I T H I U M WITH AN NPV OF US$ 3 . 4 BILLION AND A 250 YR RESOURCE."
"With Bacanora themselves stating that Lithium demand will INCREASE 800% by 2030..."
"AN INCREDIBLY LOW SHARE PRICE LEAVES A COMPANY OPEN TO SUCH TAKEOVER OFFERS."
----------
Observation:
As I stated on this forum about the 8.8Mt of lithium with NPV of £3.4 BILLION - as said the NPV is more than just for Bacanora*s VENTANA owned 100% by them [88% mine feed] at some US$1.23bn. The bigger NPV is ON REM*S 30% JV AT MEXALIT [GREATER SONORA LANDS].
Oh, they do teach theory that a low share price = low mkt cap could mean a management buy-out or takeover. This Seeking Alpha writer uses NPV as a benchmark. He quotes that Lithium Americas and Piedmont trade on 70% to NPV.
So, we await to see what is next.
News, 14 May 2021.
I did NOT use your name Barksy1 as one is taught in school that permission must be asked first so I used one REM^er. It is also good to thank on behalf if people dont want to thank themselves, again, another teaching in school. I tweeted due to the ?&* posted and now it is set right and positive going forward.
"I will let Mr Lenigas know on open Twitter of the good news but I will not use your name Barksy1 except to say 1 REM*er is now in profit " --- why would you want to do this ?? I am also a former REM'er who has too crept into profit and I would suggest if you HAVE to tweet fatboy Lenigas, why not tell him its taken around 7 years to repair the damage his hype caused !!
----------------REM ^ E R S CAN MOVE ON NOW-----------------
Fri, 14 May 2021
On Twitter, someone who I did not know tagged me and went into expletives about REM plc which had NOTHING to do with me.
ALL stocks are subject to swings and it depends on how each one handles those swings or risk/s. In the case of Barksy1, a REM^er, she held on etc [Barksy1*s post said she is now in profit].
Now, I tweeted to David Lenigas & KDNC about 1 REM^er has moved into profit ie from the horse*s own mouth and post on KDNC. The mkt cap as I illustrated does evidence this. I have read myself posts from other REM*er as to how much they paid so that is how I know.
I am pleased therefore to hear that it has now come to the point that REM^ers who held on a/c to this strategy [HISTORY NOW AND NOT SUITABLE FOR ALL] is now in profit.
That was what many expressed. For me, I now know that all the noise is now HISTORY.
We, REM^ers can now all move on.
What happens next is up to the individual now and what strategies they deploy or NOT?
So, hence why I tweeted to David Lenigas on open Twitter and to KDNC who have brought about this day. Many co*s and investors are not so blessed - one iron ore co went down ie Baobab etc.
REM LIVED TO TELL THE STORY OF RECOVERY FOR THE OLD-TIMERS IN REM PLC.
News,
Fri, 14 May 2021.
Today, I read on the main KDNC stock forum [new name for REM plc] that Barksy1 , from the days of REM plc under David Lenigas, Chairman is NOW IN PROFIT.
KDNC share price is around 29p+, M K T C A P £ 4 4 MILLION.
At the all time high, REM plc hit 2.25p with a MKT CAP OF £95 MILLION. Dallasdaz gave the exact mkt cap. I also read some of the REM*ers paid 0.9p or 1p. This means a REM MKT CAP OF £ 4 7 MILLION.
In the last few years of the LITHIUM BEAR MARKET, REM*s Bacanora shares [20%] saved the day in that they were able to sell these to survive the bear mkt. Now, KDNC has EMH [European Metals] shares left from the REM legacy days of some 14% or so [not checked in recent days] but that stake comes to £14m give and take [check if interested what is the latest for self]. Therefore, £30 MILLION OF KDNC mkt cap may be ATTRIBUTABLE to either Amapa Iron Ore project, 30% Sonora JV with Bacanora-Ganfeng or 30% JV with Hastings [Yangibana] etc.
SONORA LITHIUM
IF David Lenigas did NOT have the commercial acumen to do a SCOPING STUDY for Sonora Lithium which came to $2 BILLION NPV [REM RNS 22 Dec 2014], then when it comes to the time of the MEXALIT 30% JV [Megalit has no 43-101 per KDNC on their website], it has NO baseline to negotiate with. Some brokers like Edison use Value-In-Situ but other Tier 1 Investment Bankers use NPV. Seeking Alpha said that REM plc did something unusual in that BCN NEVER COMMISSIONED A SCOPING STUDY FOR GREATER SONORA [Mexalit they mean] but that REM did it for the SHAREHOLDERS BENEFIT. INDEED SO. I posted the Seeking Alpha article [said] on REM plc which still exists on London South East not so long ago. SO, THIS IS FACT.
As for BACANORA SIDE via a Feasibility Study Estimate, it was only US$1.253 BILLION NPV.
This is for the 88% Ventana etc which belongs to Bacanora.
If the Ganfeng takeover of Bacanora succeeds , it will take some time if the offer is made firm in early June 2021 and then followed by many months before they get clearance from their govt.
So, in fact, the 30% JV KDNC OF MEXALIT HAS A HIGHER NPV IE ALMOST DOUBLE THAT OF BACANORA.
What transpires next is going to be interesting. It will depend very much on the SMALL PRINT IN THE REM MEXICO LTD AGREEMENT WITH BACANORA. Is there an signed agreement then of NSR [Net Smelter Royalty] if REM does NOT want to come up with the capex or capital costs? Or what else is in the agreement or AGREED TERMS? Only David Lenigas, former Chairman of REM plc will know the ins and outs as he would have consulted the legal people to draft the said agreement. This is the agreement that will count per my understanding which is norm.
I will let Mr Lenigas know on open Twitter of the good news but I will not use your name Barksy1 except to say 1 REM*er is now in profit [per your words in verbatim today as said].
So, good news.
News, Fri, 14 May 2021
Pardon typos, the page freezes and I often cant edit. So, I have to just type and p