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Mr Lenigas bought into Valerum PRIOR to the change of name. Mr Poulden who founded VLRM, former name PCGE is also Australian . It was listed on Acquis and only today, it is open on HL but not live price ie have to execute fill or k.
An old-timer on these forums at London South East just tweeted that VLRM has gone up
5 9 T I M E S.
As good as Mr Lenigas*s REM at X 60 TIMES.
Link: https://twitter.com/SteveStubbsy1/status/1405101550586957824 Thur, 17 June 2021
Just shows that one has to CHOSE the right horse ETC. Posting for historical as a success for DL and those who managed to buy at Acquis.
------------------SURPRISED NO PARTY MOOD?---------------
All those LONG YEARS perhaps starting from 2013 of people saying they want to recover their capital put into REM plc after the supposed party [REM] and now that they have recovered their capital, only Barksy1 posted so on Fri 14 May 2021 [KDNC Mkt Cap around £43m @29-30p].
I expected a BURST OF A PARTY MOOD from the RELIEF OF THOSE US. One had to take NO END of .....and its a RELIEF for me NOT to hear any more ......
Mon, 17 May 2021
So pleased for all the REM^ers who got into REM plc at 0.9p or 1p per their own words posted on KDNC [new name for REM plc]. Pleased for you Barksy1 and all your family and friends that invested in REM plc - Mr Lenigas and board of REM - KDNC did not let REM^ers down -one*s faith in good people is restored. However, from today onwards, NO ONE WILL BE ABLE TO CONTROL the iron ore market and what the next 14 years++ [Amapa iron ore mine once commissioned + extra 24 mths to ship the iron ore stockpile+24 mths to re-commission ] will potend. Forecasts give a clue but it will NOT go out as far as 14+4 yrs to come. Usually, the forecasts are on a shorter time frame.
I have been a few years posting on the London South East forums but I now find it too
tedious to continue as its the naysayers that have a too negative view and on the other side too optimistic. LIFE TELLS US THAT IN BUSINESS, THERE IS SUCH A THING AS COMMERCIAL REALITY. It is this MIS-PRICING MODEL THAT IS IMPORTANT - what is the CORRECT SITUATION OF THE BIZ, HOW MUCH IS THE FAIR VALUE ETC vs the share price and MKT CAP.
I am thinking of taking my leave from posting on the forums to take a break to renew my batteries. The LOCKDOWN PERIOD WILL BE OVER SHORTLY ie May 17, 2021 and given it is SUMMER, I think its time to enjoy the wonderful weather and the joys of summer.
So, if you do check and find that I am not posting, its due to my taking a break. As such, I have also pared down on my investments so that I do not have to do continuous research and keep an eye out for every news and development micro or macro.
With that, thank you and best wishes to all.
Sun, 16 May 2021 @11:55am.
-------------REM PLC: 1 OF THE GREATEST COMEBACK STORIES ON LONDON AIM----------------
Sun, 16 May 2021.
Cadence Minerals plc [KDNC] - new name for REM plc
Share price: 29p, MKT CAP £43.11 MILLION.
52 wk high 31.4p Low: 5.5p.
Referring to my post below, by chance I saw Barksy1*s post on Fri, 14 May 2021 that she is NOW IN PROFIT as a original REM*er. From Barksy1*s posting, I gather some of her family etc also went into the REM investment at the time.
After 7 years of the lithium BEAR mkt, Cadence Minerals has MANAGED to come out and INTO A COMMODITY BULL RUN or rather the start of it.
A blessed escape, one which few have managed. I remember one chap who was not a fan of the Chairman left REM and went into Wor----ton which was delisted. So, everyone knows that AIM is not one for the faint hearted. Hence, in my experience only, REM PLC IS ONE OF THE GREATEST COMEBACK STORIES /CO*S.
It wasnt by CHANCE that this happened given that the Founder did his best to try to inject new life into the co once REM*s foray into lithium did NOT succeed in taking over Bacanora Lithium at £1. So, Mr Suckling was appointed as Chairman and from a metals background. There are different stories as to who introduced AMAPA to Cadence but that is not important now.
From Mr Lenigas*s tweet he had hoped that REM mkt cap would recover to its old situation. This would be around 1p or 0.9p , MKT Cap £47m wherein many bought into REM after the party which I did not attend.
So, effort was put in and that was what gave new life to Cadence Minerals, the new REM plc.
NOW THAT EVERYONE IS IN PROFIT ie 1p and 0.9p holders from the PARTY , it is a time to really share be happy at this comeback of REM plc. It is human to be happy for everyone in this group.
However, I will NOT BE PART OF THE CADENCE MINERALS 2ND LIFE WITH THE AMAPA PROJECT the main stay as it turns from EXPLORER TO PRODUCER. As a producer, it will depend on profitability, iron ore cycles/prices, re-commissioning etc. That is TOO LONG A TIME FRAME FOR ME and I do NOT NORMALLY INVEST IN JUNIOR PRODUCERS OR SOON TO BE IN THE FUTURE PRODUCER [POTENTIAL].
So, I bid farewell - this is a courtesy note to thank you for the goodwill.
WHAT HAPPENS NEXT?
Many said they wanted to GET THEIR CAPITAL BACK. So, whether they do effect this or continue is up to them given what is ANOTHER JOURNEY under KDNC, NO L O N GE R UNDER THE REM SHIP under the Founder, David Lenigas.
As Observer842- I wish you well and at this juncture, Bacanora Lithium has now a possible takeover offer from Ganfeng which has just happened @67.5p. So, whether Sonora has 8.8Mt of lithium or otherwise is NO LONGER of importance given Sonora*s days under the old umbrella may have a change of owners.
News, Sun, 16 May 2021
Page freezing so I will just have to press post without editing.
HISTORY RECORDS TODAY THAT ONE REM^ER ON KDNC POSTED THAT SHE IS IN PROFIT.
That ends the history of REM plc because everyone posted they bought in at the same price as the above poster. All good and positive going forward. News, Fri, 14 May 2021
GANFENG IS TO TAKE OVER BACANORA [POSSIBLE], 6 MAY 2021 RNS
So, Ganfeng has now offered a possible takeover of Bacanora for the SONORA LITHIUM PROJECT.
So, the REM story ends as Sonora, ranked No 1 in the world could be coming to an end shortly IF the takeover goes through.
Now, to see if Ganfeng would ALSO TAKE OVER REM MEXICO LTD THAT HOLDS THE 30% SONORA JOINT VENTURE IN THE GREATER SONORA LANDS under Mexalit etc.
AND AT WHAT PRICE IF THEY WILL MAKE A BID FOR REM MEXICO LTD [now under the Cadence Minerals KDNC umbrella]?
I have looked at it and have now come to a point that I have a view based on the facts seen.
News, Sat, 8 May 2021.
Please see my post on REM EL-SAUZ -FLEUR SCOPNG STUDY 2014 from REM, 22.12.14 RNS.
SEEKING ALPHA [my post below with link] is W R O N G.
The EL-SAUZ -FLEUR NPV @ 8% DISCOUNT IS US$2.033 BILLLION AND NOT $1.124 BILLION as quoted by Seeking Alpha.
I checked the actual REM plc RNS of 22.12.14.
Please see my post on KDNC.PL of today, Sat, 27 Mar 2021 which gives the CORRECT NPV.
REM PLC OWNS 30% OF SONORA LITHIUM LTD [SLL]
BCN OWNS NOW 35%
GANFENG OWNS 35% as a results of BCN-Ganfeng SLL 50% 50% JV dated Feb 2021.
Sat, 27 Mar 2021
DYOR. Please check.
I have just located the " EL S A U Z & FLEUR " SCOPING STUDY 2014.
This is the REM 30% JV PART OF SONORA LITHIUM LTD [SLL], MEXICO
WITH BCN 35% [previously 70% but now 35% BCN 35% GANFENG post JV update of Feb 2021]
"To my and management surprise, REM announced surprising impressive results of a El Sauz/Fleur SCOPING STUDY on Dec 22, 2014 completely out of the blue.
The after-tax NPV came in at $ 1 1 2 4 Million , IRR at 22.6% and a capex was projected to be a rather high $485 Million. This is probably an attempt to indicate FUTURE VALUE of this project to REM shareholders....the OPERATING PARTNER NOT HAVING A CLUE WHAT*S GOING ON. This is very unusual."
"Fortunately, El Suaz and Fleur ISNT THE FLAGSHIP for BACANORA MINERALS."
"ADDING EL SAUZ AND FLEUR TO VENTANA- In a more normal chain of events, it seems more appropriate for Bacanora to add El Sauz/Fleur to the VENTANA PRODUCTION later on, when MKT CONDITIONS FAVOUR AN EXPANSION."
SO, REM DID A SCOPING STUDY ON THEIR 30% JV SONORA LITHIUM LTD [SLL] of the Greater Sonora Lands, Mexico. THE NPV OF $1.124 BILLION IS VERY SIGNIFICANT AND LARGE-even EMH did not initially have a NPV of $1bn but more in the $500m or so approximately region from recall.
WHAT A FIND!!!!
News, Sat 27 Mar 2021.
Now that the Head of State, Mexico, govt, politicians, press, elites, publications etc are talking about SONORA LITHIUM, it is useful that DL LOOKED AHEAD AND DID A SCOPING STUDY TO INDICATE VALUE WHICH WILL HELP.
SO, THE REM JV 30% NO LONGER NEEDS ANY GUESSING BUT VALUE VIA A SCOPING STUDY.
By contrast, BCN*S VENTANA [88%] has a NPV of some $1bn from recall - I have not checked or rechecked yet.
--------------REM*S 30% OF A EL SAUZ/FLEUR SONORA LITHIUM NPV OF $1.124 BILLION IS BIG------------
Now, you are putting on the business head to this.
There is a commercial angle to this.
From what I posted earlier, it was said that BCN share price went from £1.3 to £2 straight away. Elsewhere, I also read that REM*s share price also jumped.
Yes, its now- we need to know from BCN.
Question goes like this:
Mr Sec: Mexican press has been discussing your co in relation to T^. Can you confirm?
Can you comment given that Mexican press is all over this now and even up to HEAD OF STATE MEXICO, HEAD OF STATE BOLIVIA have met to discuss LITHIUM & ...
Mexican press, publications, journo*s etc have been to SONORA and Ventana and it is a hot topic amongst MEXICAN POLITICIANS, London mining analyst No 1 firm etc.
SONORA IS THE HOT TOPIC NOW - can you comment specifically on the Tesla story and confirm or deny?
Can you update us on the status of Sonora and whether you have been SPEAKING to the MEXICAN GOVT, HEAD OF STATE ETC?
Can you update us on the potential legislation etc?
Yes, its time for an update on "SOCIAL MEDIA COMMENTS ETC."
Quite normal actually - most co*s do issue RNS*s relating to "social media comments or news in publications etc?
So, we are on the same line of thought -THE COMMERCIAL ANGLE AS ALWAYS WITH ME.
Sat, 27 Mar 2021.
Thanks for all of the information and views @news. It is appreciated. I think that if it transpires from all of the recent press that BCN are forced to reveal where the lithium is intended for, and it turns out to be mostly Tesla (via Ganfeng or otherwise) then I think it would do wonders to both BCN's and KDNC's share price.
As you may be aware, Ganfeng is a supplier to Tesla.
Core Lithium [see KDNC.PL today] - their off-take partner is a Chinese co and they are also A TESLA SUPPLIER. However, from Darwin, Australia, Core*s lithium is going to be shipped to Asia and or is what is being implied as close to Asia from Darwin.
I AM WONDERING WHY YOU ARE NOT INTERESTED IN WHERE THE BCN-GANFENG LITHIUM FROM SONORA IS GOING TO?
It does have greater interest to REM holders given the Greater Sonora Lands?
Even BCN holders want to know more about this per their forum?
If during the days of REM, IT HAD TO BE RNS and it was DL, Chairman of REM who gave his comment as in those days, DL was much in the press news rather than BCN. It was DL who got the Tesla deal.
This is not about SPODUMENE as BCN-Ganfeng will produce a mix of lithium carbonate and hydroxide?
IF THIS IS BASICALLY BACK TO BCN/GANFENG - TESLA USA, ITS BACK TO 2015 REM-BCN TESLA DEAL?
YAH, REM*er would like to know what happened?
BCN - IS IT YES OR IS IT NO?
SIMPLE QUESTION = SIMPLE ANSWER?
OBSERVER842 SAYS NO - MEXICAN PRESS WRONG?
HEAD OF STATE, MEXICO & MEXICAN GOVT JUMPING AND SURELY THEY WANT TO KNOW WHERE THEIR SONORA LITHIUM IS GOING TO? NOT SURPRISED MEXICAN PRESS COVERING THIS?
Sat, 27 Mar 2021
These new Mexican articles coming out are not from yester year but came out as a result of what is going on currently ie Mexico wants a greater participation in the lithium industry and speculation in mining concessions dated 26.3.21.
Could you kindly see all the Mexican stories coming out?
If this was NOT so, then Mr David Lenigas NEED NOT REPLY to the tweet sent to him relating to the news about BCN-Ganfeng - TESLA.
I am not sure if he checked further given he did not know about it until the Mexican press article was sent to him on Twitter Barksy1 posted his response on Twitter to this and she posted this on KDNC.
Yes, that will be fine to disagree - I am not sure why?
If that is from Mexican press, some of them are the official publications, then why not follow what they say rather than refer to the BCN annual report?
Surely, the Mexican press must know what*s happening in their country?
Surely, the Head of State in Mexico is not JUMPING over nothing given that even SP ANGEL COMMENTED ON BCN *S SONORA AND NAT^.
As I said, I POST NEWS AND UP TO EVERYTHING TO CHECK AND TAKE WHAT THEY WANT.
These are 3rd party news and as said I CANNOT PROVIDE ANY WARRANTY as such which is norm for 3rd party news as they DONT COME FROM ME.
Finally, as I said you have to listen to the videos etc. NO, THEY ARE NOT ON GOOGLE HENCE NOT SURPRISED YOU HAVE NOT FOUND ANYTHING?
Let*s leave it at that.
I am careful when it comes to such a big co and I would NOT like to repeat the links.
So, up to you to check if you are FURTHER INTERESTED.
As far as I am aware, IF THERE IS PRESS REPORT/S, THEN BCN MAY HAVE TO RNS IT TO COMMENT GIVEN REM DID ISSUE AN RNS ABOUT TESLA [...sensitive].
Many co*s RNS something like: SOCIAL MEDIA PUBLICITY
Further to press comment, X co states.....
So, lets see.
Sat, 27 Mar 2021.
I am not too sure why you dispute outright Mexican press? Plus Mexican video*s etc.
SURELY, WITH THE HEAD OF STATE, MEXICO & MEXICAN GOVT, ELITES, PUBLICATIONS ETC ALL JUMPING OVER SONORA [see KDNC.pl today for the post x 2], THEY MUST WANT TO KNOW WHERE THEIR SONORA LITHIUM IS GOING TO.
Have you read about the BOLIVIA LITHIUM-their Head of State has gone specially to Mexico to talk about Bolivia lithium and the recent political event and this is how REUTERS etc issued the story of MEXICO WANTING TO PARTICIPATE IN THEIR LITHIUM INDUSTRY AND MORE IMPORTANTLY ABOUT SPECULATION ON MINING CONCESSIONS IN MEXICO. Surely, Mexico will want to KNOW WHERE THIS SONORA LITHIUM IS GOING TO?
That is what Mexico news is about currently. See KDNC.pl today, the Puenta Director has been to visit SONORA and taken a video and pics with running commentary.
SP ANGEL HAS ALSO COMMENTED EARLIER ABOUT NAT^ and talked of SONORA etc.
Even Secker CEO of BCN has commented on this.
Kindly look it up.
IT IS OR IT ISNT - does it matter? Only matters to BCN shareholders as at REM-KDNC, we are not goin
Hello @news. I've now taken a read of several Mexican articles (and may I recommend using the Google Chrome web browser as it auto translates) and I am fairly confident that each of them are drawing their conclusions from the area of the annual report I highlighted, coupled with the reasoning that Ganfeng supplies Tesla, and Ganfeng have an offtake with BCN and a large interest in the Sonora project and BCN. From what I can see there is no new information that shareholders are missing, in particular there are no official hopes or plans for BCN to supply Tesla, just potential opportunities. Even this sentence from the annual report might be referring about companies in general following the trend to localisation rather than the specifics of Tesla itself "This push for localisation provides an opportunity for Sonora Project and ZNWD to supply the key element, lithium, to their respective geographic markets.". But what can be said is that BCN are certainly playing the Tesla popularity card in an attempt to drum up support so it wouldn't surprise me if they intentionally left that sentence ambiguous - just take a look how many times Tesla are mentioned in the annual report. ;-)
I nearly didn't write the above, because I suspect you will not be happy to hear it, but I think it's important when reading the press to find the source material to help understanding what the true situation is rather than be swayed by an article's agenda. I hope you agree! Of course I'm happy for you not to agree on this or any of this post, in which case let's agree to disagree on this one? :-)
Now back to ship spotting for me. Have a good day!
Sorry, that is not the article that I was referring to ie the specific one.
Its on Twitter under the #kdnc thread.
https://twitter.com/HorsePowerMX/status/1375144018355617795 dated 25 Mar 2021 [Tweet with link to the article]
"A/c to Bacanora*s plans, Mexico lithium is destined FOR TESLA*S EV PLANT IN NEVADA, USA, just 400 miles from SONORA where the deposit is located. TRANSPORT TO THE US.
Secker, CEO, BCN: TESLA*S PLANS ...OPPORTUNITY TO SUPPLY KEY ELEMENT." [In English]
Sergio Omelas Sr: Linkedin: Established more than 100 industrial projects in Mexico.
There are many other such info from Mexico on this and "everyone" is talking about this. In fact, that is how the Head of State of Bolivia has gone to Mexico to inform on their lithium etc and what is happening there.
I cannot provide all these other links as it may be too ? ...especially it is mentioning X co etc.
So, up to each one to research themselves. Suffice to say, there are now 2 articles given. I have not yet looked for more as its all in their language and it takes loads of time to read.
After telling DL, he replied. The above article has also been sent to him and KDNC.
Whether it will be RNS*ed or not, I do not know but REM RNS*ed the Tesla deal, hence why even Nasdaq picked up on it as Tesla is listed in the USA.
As I said everyone that is anyone knows in Mexico, hence this BIG FURORE with the HEAD OF STATE NOW SAYING LICENCES ARE FOR SPECULATION PER REUTERS and BCN*s JV was mentioned by press [Mexican] that the % went up from 22.5% to 50% and SONORA is the subject of all this ho ha. Check its all in the news.
Barksy1 - I told Barksy1 to check my feed [not the main one].
Sat, 27 Mar 2021.
Meanwhile, CORE LITHIUM-FINNIS Lithium, Northern Territories has MORE NEWS OUT, 22 hrs ago. That is near KDNC*s LITCHFIELD.
Hello @news. I thought I'd try to find the source of the excitement by the Mexican press. My belief is that:
"UK firm hopes to sell Mexico mined lithium to Tesla" (March 25, 2021)
"Tesla plans to make its own batteries, which will further strengthen the supply chain, as well as the range and power of its electric vehicles. This drive, due to the location (proximity to the Bacanora deposit) provides an opportunity for the Sonora Lithium Project to supply the key element" , Peter Secker, Bacanora CEO, told investors in a report.
is from this line in the annual report:
"Annual Report and Financial Statements 31 December 2020" (08 March 2021)
Furthermore, Tesla plans to manufacture its own "tabless" (Tesla is removing the tab that connects the cell to the item it is powering) batteries in-house, which will further strengthen the company's supply chain as well as the vehicles' range and power55. This push for localisation provides an opportunity for Sonora Project and ZNWD to supply the key element, lithium, to their respective geographic markets.
I remember reading that at the time and believing it was just that "an opportunity", which every local Lithium company has, but opportunities don't make for good headlines, so it becomes a "hope" then a "plan", then a "certainty". LoL. ;-)
It's certainly worth keeping an eye out for a concrete Sonora Tesla connection though, even if it is via Ganfeng! My understanding is that they received a fair amount of Sonora samples whilst the REM deal was still on, so they should have first hand knowledge of the suitability of what we've got! :-)))
The NEWS yesterday that BCN-GAN is now going to supply TESLA-USA [NEVADA] and transporting it there to the USA from Sonora was even NEWS to David Lenigas.
No one was told this at BCN via RNS either. No one at KDNC knew this either. Everyone thought it was going to Asia, China but NO, ITS going to TESLA -NEVADA-USA -------JUST LIKE IN 2015 WHICH DL DID.
Ref: "Unravelling TESLA."-Investorintel
"Some have speculated that Tesla will consume as much as 80% of Bacanora output...
THE JV PARTNERS THROUGH D R I L L I N G and exploration work to date established a NI43-101 ....metrics from PEA is below and the CAPEX TRULY IMPRESSIVE...
BAGGING THE TESLA DEAL IS OBVIOUSLY A GOOD FIRST STEP .
NOW WE NEED TO SEE IF FINANCIERS ARE AS IMPRESSED WITH TESLA AS C O U N T E R PARTY.
BACANORA COULD GET A FINANCING DONE WHILE THE G O I N G IS GOOD and if Tesla ultimately does NOT turn out to have any relevant to Bacanora* future, it will have been a case of its been NICE KNOWING YOU & GOODBYE."
Investorintel also talked of the share pop FROM £1.30 TO £2 before easing back for BCN.
I provide backup for what I said about REM ...JV PARTNERS ..DRILLING AND EXPLORATION..
2ndly: Below I said that the JV COULD HAVE GONE ON TO GET FINANCING ON THAT LANDMARK TESLA DEAL.
So, instead, it was K*ed off per DL yesterday, 25.3.21 which ended REM - sp in its tracks etc.
NOTHING WAS WRONG WIT THE TESLA AND TESLA WAS AN OPEN WINDOW AS INVESTORINTEL SAID TO MOVE ON to the next step.
History but nevertheless important as to what happened.
"TESLA ENTERS LITHIUM SUPPLY DEAL WITH BACANORA MINERALS & RARE EARTH MINERALS."-Nasdaq, 28 Aug 2015
" Bacanora and investment co, Rare Earth Minerals..secured a condition long term lithium hydroxide supply agreement.
Bacanora Minerals & REM have COVETED RIGHTS TO LAND IN NORTHERN MEXICO, where lithium is found in mineral rich clay.
..David Lenigas said that the selection of the Sonora Lithium Project as one of the lithium suppliers to TESLA GIGAFACTORY is a L A N D M A R K deal. This key supply agreement with Tesla will hopefully be the FIRST of a no of potential lithium off-take partners for the Sonora Lithium project as we MOVE TOWARDS THE NEXT STAGES OF DEVELOPMENT."
"WITH TESLA*S GIGAFACTORY UNDER CONSTRUCTION NEAR RENO [its $5b battery factory]
N E V A D A, this deal gives the car maker an important base ingredient used ...."
Most people then would not have seen the above from Nasdaq - there is NO CEO of Bacanora Lithium comment etc as it was DL who got the contract and hence REM is named also.
The above from Sonora was GOING TO TESLA GIGAFACTORY NEVADA.
Yesterday*s article gives the same specifications ie SONORA LITHIUM GOING TO TESLA, NEVADA AND TRANSPORTED THERE. I cant give the link as its in Mexican but it is on Twitter #kdnc thread. If you can do the link, then post by all means.
See, NEXT STAGE OF DEVELOPMENT - so next stage would have meant off-take financing etc.
See "C O V E T E D RIGHTS TO L A N D"- that was what I was conveying.
2 ARTICLES , ONE 2015 AS ABOVE AND ONE FROM YESTERDAY, HOT OFF THE PRESS.
However, the latter article now only takes comment from CEO, Bacanora and cuts out REM.
See, mystery solved? DL DEAL TESLA -NO. NOW-YES. SAME THING AS BELOW AS ITS GOING TO TESLA, USA NEVADA.
Yah, Observer842, you read correctly as DL could not have meant any other.
Fri, 26 Mar 2021.
SONORA LITHIUM IS GOING TO TESLA USA [NEVADA]
I have just posted an article dated 25 Mar 2021 [Thur] that the Gan-BCN lithium is going to Nevada, USA Tesla. It will transported to the USA. Better still, BCN*s CEO, Secker commented as well on this. I have sent it to David Lenigas and KDNC on Twitter.
Well, that ends the story - it was like before as in the days when DL got the Tesla lithium contract from them to supply Sonora, Mexico lithium.
BACK TO SQUARE 1 [all co*s want a competitive price - it was then and will be now as nom].
As said, REM*ers need NOT have lost on their investments if that Tesla deal had not been stopped out by the board as DL said yesterday.
Its on Twitter now.
Fri, 26 Mar 2021.
Hello @news, it might be worth clarifying which board you are referring to. Hopefully we are on the same page and you understand it to be the BCN board as I do.
I try to get MORE than 1 article to confirm the news from Mexico.
I have found another one and it is from another publication that the Gan-Bcn Sonora lithium is going to the world*s richest man, E.Musk.
I have sent it to DL but not KDNC.
To me, it means that LONG AGO, when DL-REM said they got the T ESLA deal for Sonora Lithium, it should have sent REM-Bcn on its way. Then, it would be easier to raise funds with Tesla off-take.
However, we now learn from DL that the board "K"ed it and so the excuse was X and Y. However, the cost of Sonora Lithium is lower than norm @$900 or less from all reports. So, how could it be that it could not be sold to Tesla when others were selling up to $4k even. Lithium at its height was some $18k from reports?
So, that is how the whole WHEEL CAME OFF REM and how DL got the "B".
Now, oh, its back to Tesla again, hence DL stunned himself and his candid response.
Well, it is possible that a nice price is also wanted NOW as it was THEN.
So, hence the story of REM ends.
PROOF-Its back to Square 1 and Tesla to take all the lithium from Sonora kinda thing.
This is a Mexican article from just a few days ago also.
So, as I said, this is now all common knowledge in Mexico etc.
Hmm, so the story ends on how REM price fell etc and DL got .....
Ah, when there is a prize.
DYOR. Fri, 26.3.21 ONLY FOR HISTORY - A REVISIT.
A pleasure sharing.
REM plc - 30%
Greater SONORA land [lithium].
Take a look at the pictures and what Sec -k said himself on my feed [not the main feed, its the LKS].
Does not take Mensa IQ to figure out that REM with 30% is in the best place + NO BRITS mentioned by Mining.com Mex nat. See the twit sent to DL.
History wonders what would have happened IF REM TOOK OVER SONORA as an event and how this would play out?
BCN now no longer has 70%. That is what has upset the whole MEXICAN gov, Head of gov, elites etc. The increase from 22.5% to 50% really pushed the button red hot and evidenced by Reuts yesterday?
We, REM *ers can only speak for REM plc [name is in the agreement with DL signing it as Chairman] and ask DL to at least take a look?
BCN will have to look to Sec^ their man and we to our REM.
So, lets hope that REM will be NOT penalised with the rest as govt does not mention REM-they must know given that they are interested in the PRIZE SONORA - 100,000 acres, not Ventana.
Look at the my feed. Its such a pleasure seeing the video still and Ventana rance being cleared etc. Read what Sec+^ said but of course .....
DL is always alert to biz so he is approachable on open Twit.
News, Fri, 26 Mar 2021.
P.S. Australia*s richest now, Gina Rinehart via her co chieftain told Australian MP to "PLAN AHEAD" re: iron ore as that is one of Australia*s main stay -see people who made it dont sleep on the wheel. Have a read its on my feed.
Thanks News. Just catching up . You have really been busy digging out some great information. From a novices’ point of view given all the effort dl/rem put into this initially, I can’t see how we would let the NO1 lithium company (the ultimate prize) slip through our fingers. I think there are a few of us on the same page and are looking forward to seeing what plays out next.
I have now located an industry mining publication of renown that has cover this topic: Yup, "EYES ARE ON SONORA."
In this pub, Gan*s Head has been interviewed but not BCN.
SP Angel has also been contacted for comment since they are London*s TOP Mining Analysts on SONORA.
Mentions Canadians, Americans & Ch but NOT BRITS.
Lithium assets in Mex said to be 4 x in value vs sovereign debt.
Mex org/co already formed etc.
I have sent this openly in Twit to DL as he should know about it and the legislation etc given that he signed the REM 30% JV to the greater SONORA LANDS.
I am not expecting an answer as that is not for open comment but just to let him know.
Yup, SONORA IS THE PRIZE that everyone wants?
News, Fri 26 Mar 2021.
Industry obviously not asleep including SP ANGEL - how can they be given it involves so much money?
As said, I now take my leave of the REM forum and KDNC.Pl
Information is open and available.
There is too much of its not, its not.
That is up to each one as to what level of due diligence they do.
Otherwise, it will be toing and froing and one cant get on with other things.
DL is open and receptive as they are in business and they know that they need to have up-to-the minute info on what is happening or not happening? All norm in business circles. Look at his LKN-he has lots of contacts. If one has no contacts, how can one do business or FIND SONORA as REM did? Now, world*s No 1 ranked for lithium [SONORA, MEXICO]
News, Fri, 26 Mar 2021