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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