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LOL - Page 10 Key said: "BCN - R E M."
That is the blueish green shaded part.
Yes, I could clue that the UNSHADED PART is also BCN-REM as it shows the licence lines.
IT SAYS 100,000 HECTARES. That*s MORE like it, NOT JUST 7KM.
I ALSO SEE 250 YEARS - LIFE.
QUESTION:
HOW CAN THE NEXT JV [IF] PAY THE SAME US25M + $25M FOR 50% on the JV LANDS GIVEN IT IS N O T GOING TO JUST LAST 19 YEAR BUT 231 YEARS [250 minus 19]?
So, logic says that it will have to go 19+19+19+19 AND SO FORTH UNTIL IT REACHES 231 YEARS - HOW MANY PLANTS IS THAT GOING TO BE?
HOW LONG WILL IT TAKE?
NO ONE CAN LIFE ANOTHER 231 YEARS and even that one has to WAIT 8 YEARS INTO STAGE 1 PRODUCTION AT BCN*s GANFENG JV?
Still NO ANSWER?
Thanks. Rec.
Wed, 24 Mar 2021.
By the way, KDNC*s Litchfield may not have been owned by Core. The Basin may be outside Finnis project which means a different part to the Basin.
Hello @news. It's worth taking a read of the BCN corporate presentation:
Page 10:
https://www.bacanoralithium.com/pdfs/Bacanora-Company-Presentation-March-2021.pdf
The grey is 100% BCN/Ganfeng, the green is 30% KDNC, 70% BCN/Ganfeng.
The 250 years refers to the these colours at a mining rate of 35ktpa where there is a defined resource (measure + indicated + inferred) of 8.8Mt LCE: 1.5kt attributable to KDNC:
https://www.cadenceminerals.com/projects/sonora-lithium-project/
Plenty of upside as the strike extends into the unshaded region which is also 30% KDNC :-)
I hope that helps with your understanding,
Ob.
So, post David Lenigas, is KDNC still interested in LITHIUM or is that now on the back burner?
There is Litchfield, Northern Territories, Australia and Core Lithium is looking to invest nearby but no sound from KDNC-REM even though they are next door.
Kiran Mozaria, CEO, KDNC-REM in his latest interview said, we dont make much of it.
How sophisticated an answer. I take it to mean we dont boast about it or shout from the roof tops. That is THE project now in Australia as THE NEXT LITHIUM PRODUCER in Oz : LOWEST COST, LOWEST CAPEX, HIGHEST GRADE IN AUSTRALIA, CLOSE TO PORT AND BOUND FOR ASIA.
Capex - A$50 or A$80m from recall, a ridiculously cheap price. Most lithium projects, even cheapest is US$400m + and for bigger plants, one is talking $1b+.
So, its not PRICE SENSITIVE TO ASK IF THE STRATEGY IS STILL LITHIUM which DL, the Founder set on as a strategy.
I was reading about AOU [KDNC used to own a %] - they had a copper or nickel strike in Australia. I have not checked up yet but I saw the headline from on Twitter.
24.3.21 [Wed]
@observer842
So, you think that 7km of contigious lithium [per NI43-101] will last for 250 years or 231 years [JV part] of Sonora??
The 250 years for Sonora lithium has been plastered EVERYWHERE but it is NOT elucidated by BCN as to how this is or what is the component of this STRIKE?
By way of a lithmus TEST, THACKER PASS, RANKED NO 2 [Nevada owned 100% by Lithium Americas] will ONLY LAST 46 YEARS at a lower MT , below Sonora.
SO, THIS IS THE MYSTERY - SECKER*S INTERVIEW 3 WKS AGO WITH CRUX INESTORS did not ENLIGHTEN further on this or WHERE the next production/S is going to take place.
The point is, IF when it comes to the JV lands at Sonora and a potential JV partner were to PAY JUST FOR another 19 years, then KDNC -REM could be waiting FOREVER? OR WORSE STILL, THE NEXT POTENTIAL JV ON THE KDNC-REM 30% LAND IS TAKEN FOR THE WHOLE PART I R R E S P E C T I V E of the 231 YEARS!!!!
On BCN, they are also asking and even via investigations, NO ONE ANSWERS.
Apparently, from the article I have read, the MEXICAN GOVT IS DEAD KEEN ON THE LITHIUM RESOURCES , so much so they are worried about the cartels [gangs].
Secker said in the article that he will use CIVIL SECURITY GUARDS NOT SOLIDERS. Soliders? My that sounds serious - govt must have proposed that to Secker?
Bolivia- I cant give the title as its too...um but suffice to say its over-throw for the lithium?
See, everyone is chasing lithium.
Secker said that if co*s are not into lithium in 2021, they will NOT BE READY then.
Pity they didnt go alone or else their BCN mkt cap could be like LITHIUM AMERICA*S @$2BN +, 2 projects ie Cauhari, Argentine and Thacker Pass which will go into production in 2024. I believe Thacker Pass has just got a KEY permit but not ALL PERMITS and have just raised $400m initial money recently. Even then, to buy ROYALTY AT THACKER PASS COST A UK AIM CO £16M. Royalties are usually 2.5%.
Hmmm!
News, Wed 24 Mar 2021.
Hello @news. I thought you might like to know the article is referring to the size of the Sonora state, not the Sonora project which is 1.4x the size of England. It's a good article. Thanks for sharing!
Not sure about other people but it would stun any normal person to read in so many reports that they are fighting over Bolivia*s lithium, even an over-throw as being reported?
So, how much more is SONORA not relevant to lithium given it is RANKED NO 1 in the world and can "COMPETE WITH ENTIRE COUNTRIES."?
So, no wonder that investors are chasing LITHIUM investments these days.
Wed, 24 Mar 2021.
News.
Ref: "Why you should not expect any white gold rush in the wake of Morales over-throw."
-15.11.19.
The article is about lithium ie white gold and it said that Morales flew into Mexico. It was said that Bolivia*s has the "BIGGEST LITHIUM RESOURCE GLOBALLY [USGS] and that lithium eq is 21.1 Mt. It was also reported in this article that Bolivia is "in no hurry to develop the country*s resources."
So, to date, there is still no news on the lithium resource but there is an outstanding German legal case given they were told they could participate?
Anyhow, an overthrow due to lithium is what is reported in many articles?
SONORA LITHIUM, MEXICO
No 1 ranked at 243.8 Mt = 4.5m.
Drilled and financed by REM plc although BCN owned it initially but later transpired to a JV for Part 2 of the lands at 30% for REM.
In my post below, it was said that "SONORA RESERVES COULD COMPETE WITH ENTIRE C O U N T R I E S." Hence, why I brought in the info about Bolivia and how their lithium is being "FAUGHT OVER" [mildly put]??
Coming to the NI43-101, BCN said the STRIKE is 7KM of contiguous lithium.
I stated that Lithium Americas*s THACKER PASS IS RANKED NO 2 but has far less than Sonora and even then it will only last 46 YEARS.
So, either Sonora is of slightly HIGHER GRADE or THE DEPOSIT IS SO LARGE DUE TO THE ACREAGE. So, I am wondering how 7KM CAN PRODUCE 250 YEARS OF MINING which BCN quoted or told many pubications.
So, one does wonder if it means that SONORA where REM HAS THE JV IS REALLY HUGE [whole acreage?] THUS IT CAN PRODUCE 250 years minus 19 years [ cos Part 1 BCN/GANFENG JV for Ventana which they own 100% but will contribute 88% of mine ore feed for 19 years] = 231 YEARS OF LITHIUM ?
I cant think that 7km can produce 250 years of lithium looking at my post below that SONORA IS 1.4 TIMES THE SIZE OF ENGLAND. Well, England is not 7km by any means. Sonora is not only the size of England but 1.4 times. THAT IS HUGE.
The 250 years that BCN [Bacanora Minerals] told or intimated to publications - please check.
BCN has never elucidate further and it is of importance to the REM JV @30% for the rest of SONORA bar Ventana, Sonora which BCN owns 100%.
Ventana itself contributing 88% of the BCN/GANFENG JV WITH 19 YEARS OF LITHIUM IS NOTHING COMPARED TO 231 YEARS AS REPORTED I F C O R R E C T.
For completeness, Ganfeng paid some US$25m x 2 for 50% [total some US$50m] share of Sonora Ventana [BCN now only owns 50%]?
Just info. Please check.
News, Wed 24 Jan 2021.
SONORA:
"HIT THE JACKPOT.
Reserves 10 times.
Sonora reserves-CAN COMPETE WITH ENTIRE COUNTRIES.
1.4X THE SIZE OF ENGLAND.
250 years ."
From E&T 22.9.20
From a Secker interview on BCN and Sonora Lithium.
Posting for archive history.
@observer842
It is Sunday.
I thought further & think it was best we discontinued discussion unless we can meet at a point of goodwill ie mutual benefit when discussing REM plc. I think the chapter is NOW CLOSED on REM plc with a lot of positives. This relates to the LEGACY LITHIUM assets at Sonora [Bacanora Minerals] & Cinovec [European Metals] which David Lenigas invested in.
Given the standing of SONORA LITHIUM in the world rankings, I am pleased to see that Mr Lenigas has good standing in the investment community and he is able to move forward with the COO of a New York Fund as a fellow Director in one of his co*s. Premier African Minerals is now seeking investment financing via this fund. And so forth...
I have been only interested in LITHIUM in recent times given what has now transpired in this space. However, this sector is also complex as with all commodities in the green metals . This relates to price.
I have never invested in IRON ORE and therefore, I am not interested in this space which is the new direction of KDNC, the new name for REM, post Mr Lenigas. There is a lot of insight one needs and I have now tracked down further info that helps to unlock this iron ore mkt in general [NOT in relation to KDNC].
Unfortunately, we have been UNABLE to meet on COMMON GROUND and maybe we have a different outlook and a different background.
Suffice to say, I have goodwill towards all legacy holders of REM and hope that they will recover their capital at 1p or 0.9p [old money per 2 posts I read]. At 2.25p intra-day high or high, Dallasdaz said the mkt cap then was £95m.
Today, KDNC is 18.625p [mid] with a mkt cap of £28m per London Sth East, Fri, 19 Mar 2021.
So, I take my leave with thanks.
News, Sun 21 Mar 2021 @3:25pm.
Apologies @news. Message received and hopefully understood.
EMH [Investee co of REM plc]
On Fri, 19 Mar 2021, shares traded : 116 deals.
Shares sold: 67,025 at £68,030.
Shares bought: 52,223 at £53,010.
Shares in Issue: 175m
Market Cap: £ 1 7 8 million
52 wk high £1.025 ."
Info from London South East [free], Sun 21 Mar 2021.
---
That shows that it would not be possible for KDNC on Fri, 19 Mar 2021 to sell 10%+ of their stake into the market given the above ie would not be able to absorb some £17.8m worth of stock even if 10% for easy calculation. Therefore, it would be reasonable to think that it would need to be negotiated with the market how to best manage any sale.
One could get the normal average volume in the past but that is not available unless one checks further.a
From experience, one is aware that constantly selling chunks appears to work not to one*s advance given most stockbroking accounts are automated share dealing with a normal mkt size at x price and thereafter, negotiated price. This relates to ordinary folks who do not have access to DMA [direct market access]. I gather not all stocks have DMA access especially if they are tiny mkt caps as its unsuitable.
Just sayin - no sense in trying to do DIY market-to-market to the last % as that is NOT the real price if one is taking the ADVERTISED PRICE shown which is never LIVE PRICE. I note that live price changes very quickly and oft times the spread is not very tight or narrow.
For this reason, it will NOT make the market VALUE KDNC MORE if one tries to squeeze out the last decimal using just advertised prices which is NOT LIVE. For all one knows, there may be a sell order in place that is agreed to take place over many days as one can see from other co*s of funds selling?
Hope that clarifies matters. As I have often said, it is better to take a slightly lower price for safety - I do that for my own personal circumstances. Say, on Thur night, I think I want to sell some shares to realise a modest sum, I do not go to the account to look at the value shown as that is NOT accurate.
Come, Fri, morning at 8am [mkt opens] SAY, I still have to do LIVE PRICE [DUMMY TRADE] to check. If at 8am, the market wants X no of shares, it does not mean that it is so at 10.30am.
From experience, I notice that at different times of the day, the normal mkt size may or may not be offered in the case of a sale. If not, then one has to wait and usually, it means taking a lower price.
That is the real world in practice, so NO point in taking Thur*s nights closing price and saying yeah, I will have £ on Fri when I come to sell. REAL LIFE IS NOT LIKE THAT.
ILLUSTRATES WHY NO NEED FOR LAST DECIMALS AS IT WILL STILL NOT BE LIVE OR STILL ACCURATE DOWN THE LINE. It is BEYOND THE SCOPE OF ORDINARY INVESTORS TO TRY TO MICRO MANAGE KDNC*S CURRENT FINANCIALS IN THAT ONE WANTS TO KNOW SAY, DO YOU HAVE AN ORDER OUT OR ARE YOU SELLING DOWN TO 10% OR 10.02% KINDA THING.
So, what is the point of correcting to the last decimal
P.S.
I provide PROOF why it is NOT critical.
FOR THE AVOIDANCE OF DOUBT:
1] If one says that EMH - at 9% or IF 10% = £x and £ y, it is clearly understood that it is not taken from the up to the minute RNS and if anyone is really interested, they would need to check.
2] The reference per point 1 refers to a historical past of "REM USED TO OWN 20%" which is so many years ago.
3] The point 1 makes NO REFERENCE to CURRENT CADENCE MINERALS [KDNC, new name for REM plc] MKT CAP.
So, it is NOT comparing 9% OR IF 10% OF EMH VS KDNC MKT CAP of Wed, 17 Mar 2021.
So, it is UNNECESSARY TO CORRECT THAT IN FACT EMH STAKE IS 10+% to the last decimal. If one is really doing MARK-TO-MARKET, one may need to the last decimal if it is for official reasons eg enter into stats etc.
So, to CORRECT MY POST to say that it should have been 10%+ and NOT 10% ILLUSTRATES that CORRECTION was not at all necessary.
FOR THE AVOIDANCE OF DOUBT: IF 10% OR [10%+ PER CORRECTION] HAS NO RELEVANCE TO KDNC ON 17 MAR 2021 AS ----IT WAS NOT USED TO DO A MARK-TO-MARKET VALUATION FOR THE DAY @ 17 MAR 2021.----
One sees in own*s broking account the value in the summary but that is NOT ACCURATE to the very minute and that is made known from some caveats in accounts?
So, if one wants to know, one has to do a DUMMY LIVE PRICE - just type the NO OF SHARES into the box and PRESS SELL. The figure will show deduction for commission etc and the FINAL PRICE THAT WILL BE PAID NET.
For Mark-To-Market, it also means that the KDNC would be able to know the value of its portfolio if they carry out a day-to-day valuation as an example if they so chose to do so.
So, in this case, the FINAL DECIMAL POINT IS NEEDED. Even then, it depends on whether the market can absorb so many shares at one go IF there is no DMA [direct market access].
So, for practical purposes to just see a rough guide, one could take the ROUND %.
Why? To take to the LAST DECIMAL MEANS THAT IT CAN BE ACTUALLY SOLD AT THAT PRICE WHICH IS IMPOSSIBLE - the market does not look to have that type of VOLUME daily to absorb 10%+ in 1 day.
SUMMARY:
So, there was NO NEED FOR THE EMH CORRECTION - IT WAS NOT USED IN CONTEXT TO CONDUCT AN OFFICIAL MARK-TO-MARKET NOR USED TO SEE THE EMH 9% OR IF 10% VS CURRENT KDNC MKT CAP.
No one can do an official mark-to-market except KDNC - they have the mandate and remit if they chose to do so for purposes of valuation. They would need to contact the market to see how it would be best obtained ie how it is to be staggered and at what price.
For this reason, ordinary folks would find it hard to sell big chunks of shares in tiny AIM markets as often it is somewhat illiquid especially if the market cap is small.
I do NOT have any STATS with me - that is up to everyone to check if any co can sell 10% at 1 go at X price, not just take the advert price rather than LIVE quote.
So, I end here on the topic of REM plc.
What I have learnt from checking the past vs current lithium reality ie demand is of benefit to me to understand commodity cycles and how to best manage if possible.
David Lenigas - whatever he says, I take the big picture. I have NOT followed into the other ventures nor do I just jump in without deep diving into the sector etc. This is just in case folks think that I am saying this or that. Suffice to say that Bacanora Lithium at some £145m mkt cap and EMH at some £175m mkt cap today [as in this time] has come in on Lenigas*s prognosis as these 2 are his legacy investments as said.
As I have stated before, the CORRECTION is NOT CRITICAL and I have CAVEATED IT SUFFICIENTLY. It is of PAST EVENTS IE HISTORY.
News, 21 Mar 2021.
I meant to post a short post but had to post a much longer one than I intended to CLARIFY given there is a posting to correct my post which was COVERED with adequate qualification/s.
My post has frozen so many times that I have taken ages to post - pardon typos as I cant correct or proof read. I am waiting ages as it says "...." not responsive.
As I have said on KDNC.pl try correctly OTHERS so that it indicates its not personal?
Just sayin. I am now followed to a DEAD SITE and again to be corrected on my post on a minor point - from CONTEXT IT IS OBVIOUS TO ANY REASONABLE PERSON THAT IF I QUOTE 9 OR 10% KINDA OF THING, IT M E A N S THAT I DO NOT HAVE THE EXACT FIGURE ON HAND. It is then encumbant to the reader if they can find this site to CHECK FOR THEMSELVES IF IT MATTERS TO THEM ie invested and want the up to the minute last decimal kinda thing.
For this reason, I am AVOIDING
Part 3:
lose their jobs [performany not up to peer statistics] or funds liquidated or otherwise etc?
SO, ANALYSIS is KEY.
Analysis means different things to folks. On forums, disaster/s have struck and there are too many names of co*s to list but everyone is aware. In general, they have a common theme - echo chambers are not analysing but rather short on variable/S.
It is NOT an easy task even for professionals. In the US, analysts are RANKED eg 15/1045. To reach No 15 means how many times analysis RIGHT and how many times WRONG ETC. Therein, the public are given ample warning that the RANKING gives an INDICATION of what may happen if they decide to take a note to heart or otherwise. THIS IS NOT FULL PROOFED but at least it gives an IDEA.
So, it is not able X or Y - MONEY IS INVOLVED [SAVINGS] and one should take ANALYSIS MORE SERIOUSLY FOR ONE SELF.
On Hotcopper, they conduct some contest on share picking and the prize is A$500.
I noticed that one of the winners is a fund manager but I am not sure if he manages his own family money or his own. I only gather this from his Twitter timeline from the past. His analysis of Solgold was SPOT ON for THAT TIME and cannot stretch to forever as is norm as things change.
He used to post on the London South East for a short time but as an Australian he has no long term interest in our markets.
That was how I came to view ANALYSIS as important [many components].
C...Report said recently that most folks are not able to access reports due to the rules. They said that reports can cost up to $100,000. Not surprised as the number of specialists to be used will not be just 1 but several, in different areas of expertise.
So, for this reason, I meant to post a SHORT ENDING TO THE REM PLC STORY OF LENIGAS*S OUTLOOK FOR LITHIUM THEN AND HIS FORECAST.
Recently, he said that EMH should just pip past £1 and that is also accurate. He was being conservative as that is just below a brokers old estimate. They can run models and it would be on market cap and what the market would be WILLING to attribute mkt cap figures to at this time.
So, a HISTORICAL ACCOUNT, NOT A CURRENT SITU.
I have LEARNT MANY LESSONS [personal] from doing this short PAST VS PRESENT study revisit.
Early in the lithium market is good as one has many choices for any co but to last it out is KEY as no one could have foreseen the sudden macro and mico coming to play ie COMMODITY BEAR MARKET etc.
For those who did see it hit would have been saved. In a commodity bear market, share prices can drop 90% but in reality some went down to 95%. There was a free video shown on the London South East from a commodity expert but I am not sure many viewed the video. I viewed it and took note of the EMPIRICAL EVIDENCE.
So, hence, it finally RESTS on each on to do as much research as possible.
That is what forums are for - SHARED INFO ETC.
SO, ALL FORECASTS MUST BE CHECKED WITH LATER REALITY. So, I am hap
Part 2: 21 Mar 2021.
DAVID LENIGAS, FOUNDER AND CHAIRMAN OF REM PLC
This means to me, at least that Mr Lenigas was within the variance that had REM plc being successful to take over Bacanora Minerals at the time, then, YES, a lithium co with a deposit of some "size" could or may fetch that type of MARKET CAPITALISATION AKIN TO EMH SOME DAYS AGO. Yes, it may not be Bacanora Min at today*s mkt cap but it is indicative that LONDON can attribute such MKT CAPS akin to EMH although it is NOT a direct comparitive given different jurisdictions.
London at the current time appears to lag Australian lithium mkt cap or even maybe one or two Canadian mkt caps. I have not done an exhaustive study so it was based on a few co*s that I looked up ONLY for myself. After all, DUE DILIGENCE IS RECOMMENDED BY THE FSA for EVERYONE - this suggests PERSONAL RESPONSIBILITY.
Suffice to say that I also looked up a previous VIDEO done by D.Lenigas via Proactive Inv on what he said about LITHIUM, THE NEW OIL many years ago and in 2021, this is now actually happening on the ground or starting to gain some traction or traction as the case may be.
Dallasdaz was cognisant that I would need a close enough figure for REM plc at the height, whether intra-day share price or otherwise, of the MARKET CAPITALISATION so that I would be able to see the LENIGAS FORECAST PROJECTION vs today. So, I was appreciative for Dallasdaz help but he did NOT POST A WHOLE LONG POST TO SAY YOU ARE WRONG, WRONG AND FOLLOW ME FROM FORUM TO FORUM TO CHECK ON EVERY MINUATE. BIG DIFFERENCE - so he has my respect.
What is the reason to CHECK LENIGAS*S VIDEO ON LITHIUM AND HIS FORECAST [at the party per others?]. This is MERELY AN MBA type exercise to see how one MANAGES A DISCOVERY of a metal that is in its INFANCY at the time and to what EXTENT WOULD THE MARKET VALUE IT ACCORDINGLY or ATTRIBUTE mkt cap to?
So, I am only looking at the BROAD RANGE and it is not a PhD thesis wherein, I would need REFERENCE QUOTES and dates.
I am satisfied that for legacy folks that BOUGHT INTO REM at 0.9p WHEN IT FELL BACK from the height of 2.25p, it means that today, that VISION has come into play as LITHIUM is now a wanted commodity and widely known. There are too many VARIABLES to say this or that as different persons would have their own STRATEGIES. Therefore, its up to each one how to MANAGE that passage of time NOT ONLY FOR REM but for ALL STOCKS in general given the COMMODITY BEAR MKT.
When I visited the KDNC forum, I noticed that someone said that KDNC*s share price is upheld by the EMH stake but from what I could see, it was a WRONG PRICE by quite a wide margin that is outside normal VARIANCE. I DID NOT CORRECT THE PERSON AND USE LINKS ETC - THAT IS NOT MY PLACE TO DO SO & IT WOULD NOT HAVE BEEN APPRECIATED. I sense that people in general LIKE TO LIVE IN A NON-COMMERCIAL SITU until REALITY HITS.
Those in FUNDS AND FAMILY OFFICES ETC CANT AFFORD THAT LUXURY as it means they either
I quote: My Wed, 17 Mar 2021 post below @REM plc
A n s w e r:
1]"REM U S E D to own 20% of EMH & BCN."
Used is PAST TENSE, not current.
---So, correct as it is past------
2] I quote from my Wed, 17 Mar 2021 post: "REM*s stake in EMH come to £15.39m or I F 10% £17.1m." At the time of this post, I had casually seen folks mentioning EMH in relation to their sale at KDNC plc [new name for REM plc]. I was unable to check as I was too busy in between things.
As you stated that I DID CAVEAT: "PLEASE KINDLY CHECK RNS."
I CAVEAT with "Please kindly CHECK RNS" because it is OBVIOUS that I do NOT have the exact figure from the RNS or else I could have quoted the figure from it. Any intelligent person could have seen that, hence it means that if you have an interest [financial or otherwise], it is INCUMBENT on the person to CHECK. I remember that if one asks one*s parent something loads of times over different subject matters, they tell you, I am NOT a walking dictionary.
So, in this case, a CAVEAT: PLEASE CHECK means to take PERSONAL RESPONSIBILITY as I provide NO LEGAL WARRANTY OR OTHERWISE. That is what a CAVEAT is meant to do.
When I state in my posts: "PLEASE CHECK" it also means that RESPONSIBILITY PASSES to check as I cannot GUARANTEE that my notes taken in the night via research is not copied wrongly or otherwise.
When I state in my posts: "KINDLY CORRECT IF WRONG", it is NOT AN INVITATION to correct me so that forums are FILLED up with toing and froing and folks get tired of this. I am being diplomatic to say that if CORRECT, then CORRECT, again a CAVEAT.
This REM forum is from the PAST when this co existed. REM NO LONGER EXISTS and therefore no one visits this site. It CANNOT BE FOUND EASILY as when I type REM into the window, it will not SHOW the STOCK EXCHANGE SYMBOL REM. So, I have to enter and PRESS regardless and it comes up.
Also, there are LIMITED pages available on this site now so that archival history is no longer available going back.
I AVOIDED KDNC as I do not want TOING & FROING. I HAVE AVOIDED KDNC.PL which is the Acquis section as well for the SAME REASON.
So, I did NOT EXPECT TO BE FOLLOWED FROM KDNC, KDNC.PL to this D E A D SITE.
My purpose in posting here is merely on the LEGACY OF DAVID LENIGAS as a HISTORICAL PERSPECTIVE to see what he INVESTED IN and what he SAID then vs 2021 today.
I found out that EMH is now some £175m depending on when one checks and at what time of the day but that was accurate when I saw it FOR MYSELF ONLY.
From this I learnt that what he supposedly said at a party [I did not attend] of 5p could have come to some £180m + ? I have no figures at hand from the past but I take what Dallasdaz said of the height of REM plc THEN @2.25p intra-day?
contd.
@news: "Investee co of REM plc, initially 20% mark but now reduced to some 9%+ approx. Kindly check latest RNS."
"Form TR-1 Notification" (15th Mar 2021)
https://www.lse.co.uk/rns/KDNC/form-tr-1-notification-bi2nazkfw3cjnab.html
===[
On 4/03/2021 and as a result of the issue of 2,735,880 shares in European Metals Holdings Limited, Cadence Minerals PLC voting rights decreased to 10.84%.
]===
10.84% is "9%+ approx", but I thought you'd like to know as I would have thought you would have said "10%+ approx" if you had know it was greater than 10%.
Please let me know if you would have rather I said nothing - I wouldn't have said anything had you not said: "Kindly check latest RNS."
Yours in good faith,
Ob.
P.S.
Robert Friedland, the legendary miner has a private vehicle to invest in green energy metals eg vanadium, copper etc. However, I have not yet researched whether he has bought into lithium yet ?
Sir Mick Davies has been in the news also with his SPAC vehicle listed in the USA, also to invest in green energy metals. He did a deal with FAR [vanadium]. Earlier, he did a deal in graphite.
It would have been nice for David Lenigas, Founder of REM plc to have also taken this co into the same green energy metals. Already, many years ago, he called lithium white oil and this vision is now reality in Mar 2021 especially with the BMW news yesterday re: EV*s etc.
News,
Wed, 17 Mar 2021.
EUROPEAN METAL [EMH]
Investee co of REM plc, initially 20% mark but now reduced to some 9%+ approx. Kindly check latest RNS.
EMH share price is 97p and the MKT CAP IS £171 MILLION despite the fact that Cinovec lithium in Czech Republic is no longer wholly owned at 100% but reduced to nearly HALF. Making the news is that a battery factory may be located in Czech Republic or Poland. Cinovec is Europe*s LARGEST HARD ROCK LITHIUM DEPOSIT.
----THEREFORE, TODAY, REM*S 9% STAKE IN EMH COMES TO £15.39M or if 10%, £17.1 million.
KDNC [new name for REM plc]-share price today is 18.25p & MARKET CAP OF £28M.---
REM used to own 20% of EMH &
20% of Bacanora Minerals [£141m mkt cap approx currently].
Had the lithium market not have entered a BEAR MKT IN THE LAST SEVERAL YEARS, THE EMH AND BCN STAKE could have come to £34.2 million & £28.2 million respectively =£62.4 Million.
REM PLC
The share price reached 2.25p with a MKT CAP OF £95MILLION.
From some of the postings of investors, I note that they bought in at 0.9p.
SONORA LITHIUM-MEXICO [BACANORA MINERALS]
REM plc also has a 30% JV in the 2nd stage of Sonora with Bacanora. Today, Bacanora has a JV with Ganfeng for Stage 1. So, from Kiran Mozaria, it is FROM YEAR 8 [latest video interview on the KDNC website of recent days]. So, more to come?
BMW
News in the press about their EV*s etc. It was said that BMW alone could consume 60% of global lithium? Kindly check as this is just general news.
FOUNDER*S INVESTMENTS
So, the 2 investments by REM plc in BCN & EMH appears to be coming to fruition as the 2 co*s move towards progress. Sonora is now ranked No 1 for their lithium which is no mean feat.
AMAPA
KDNC [once the Founder retired as Chairman] has entered into iron ore in Brazil.
CURRENT SITU:
Investor interest is in lithium from the news?
Wed, 17 Mar 2021.
Not editing, so kindly excuse typos.
LITHIUM
David Lenigas gave Proactive Investors an interview on Lithium, the new oil in 2017 and said he is advising George Roach, PREM on his Zulu lithium project.
Fast foward: OUT TODAY: "GIGAFACTORY DEMAND LEADS TO EXPLOSION IN BATTERY GRADE LITHIUM."-OIL PRICE.COM 6 hrs ago, FRI, 5 Mar 2021
https://twitter.com/benchmarkmin/status/1367738518504677382
So, the proof of the pudding via an interview in 2017 [on Twitter now] and the lithium price explosion as above.
KDNC advised PREM via David Lenigas etc - today PREM [George Roach, CEO] share price went up by some 42% and London AIM TOP NO 1 RISER on London South East, Fri, 5 Mar 2021.
LITHIUM NEWS AND THE FORESIGHT OF REM PLC.
Mr David Lenigas was appointed to advise PREM [Zulu Lithium] and REM also was also involved in PREM some time ago.
I have just seen a recent RNS from PREM and it said that they have appointed EAS Advisors based in New York which from recall has helped the mining sector to raise billions.
I once said that Mr Lenigas is well connected and it is an advantage as he has on the ground experience relating to sourcing Sonora lithium project for REM and EMH [stake] at Cinovec.
Mr Lenigas currently is Chairman of Anglo-African Agriculture [AAA plc]. www.aaaplc.com/website/directors . It also lists MATTHEW BONNER, Non-Executive Director of AAA plc as "CURRENT CHIEF OPERATING OFFICER AT EAS ADVISORS LLC." !!!
I am pleased to learn this as I did recall Mr Lenigas saying that he went to NEW YORK to look for finance etc for REM plc then. So, yes, EAS ADVISORS are the people to look up.
WHAT IS THE RELEVANCE?
Today, REM has become KDNC, the new name. It has now a new chairman, Mr Suckling and they have gone on to bring in a iron ore project in Brazil of which they can get a 20% share initially if the Court decision etc, final agreement is signed with the bank creditors etc.
However, REM *s emphasis was LITHIUM, the new oil. Currently, this is the hot topic in 2021 @Mar ie lithium.
In so far as lithium legacy assets are concerned, Sonora is still in the new KDNC portfolio via a JV for Stage 2. Cinovec, EMH - KDNC still has a stake in it.
I have just listed to a 2017 interview from D.Lenigas re: lithium is the new oil and he said Sonora*s and Cinovec*s can produce 20-25% of global supply if I heard correctly?
Mr Lenigas has since gone on to help MODE in their last raise via a tweet and copied to the CEO of MODE. Wishbone has also got a licence CLOSE to GGP*S Havieron with Mr Lenigas in what capacity I am not sure but certainly Mr Lenigas being Australian can ask and find out who owns what licence in Australia etc. Also ORCP with a licence close to Australia*s Jundee mine. Again, known via open tweet and copied to their CEO.
So, things are moving along. It is a pity that shareholders [some] have not been very ....otherwise Mr Lenigas*s experience and contacts is of great help especially KDNC has a licence near Australia*s NEXT LITHIUM PRODUCER in Northern Territory, Oz.
Well, that*s life.
News, Fri, 5 Mar 2021.
Another year nearly gone and we are still sinking more & more every day
Allan Green Interview, Sun 16 Aug 2020
https://twitter.com/NovusComms/status/1295052265498333186 [REM-KDNC]
Mr Green talks of the Australian l i t h i u m projects {3},
Sonora Lithium in Mexico JV with BCN {REM*s 1st project}, European Metals {also under REM} & Yangibana - Hastings JV {REM} .
Mr Green gave a target price of 40p. Currently, the new REM is 13p {after consolidation of shares} with a market cap of £16.8 million. 52 wk : high 14.5p and low 2.8p.
Of interest: Mr Green said that in 2 0 2 2 {from recall} there is projected to be a l i t h i u m s h o r t a g e.
Also, that A m a p a Iron Ore in Brazil would be t h e project to note.
News,
Sun, 17 Aug 2020
No sooner than I had posted on Sat 18 July, 2020, David Lenigas is going to going into a new venture. He just tweeted today, Tues, 21 July 2020. He doesnt say where what vehicle he will use.
David Lenigas is Founder of REM plc.
Whilst I wait for Ampala iron ore project details [post Lenigas], I saw two RNS*s of a co that Mr D.Lenigas is running in Tasmania, Australia.
He is now Chairman of the Helleyer gold mine in Tasmania, Australia. Per the last recent results, the co*s unaudited Revenue from mining came to A$30m and operating Gross Profit came to A$12min. [Reports increasing production results at co*s Helleyer mine. The latest RNS from the co is that the co did a A$41m refinancing.
My comment:
Gold prices are now around US$1,800 per ounce and that is a hot sector at the moment. Would have been pleased to have seen REM do a gold deal. Not bad that Lenigas is able to command a A$41m refinancing - these days not easy to obtain financing.
As for Amapa iron ore project, whilst the info about the stockpiles is known and shipping is awaited, yet the finances to develop the mine further is not known in detail. As such, it is very hard to determine the revenue, cost, financing etc to get an idea of what mkt cap should be.
As with a l l metals, they have their periods of price volatility. I listed to a podcast from one junior miner on AIM and the CEO said that in the time of the last iron ore price drops, no one was able to survive except the top 2 co*s and that also with some difficulty. It was for this reason why Zamin went to... with the Amapa project bought from AA. Prices for higher grades of iron ore are now pretty high so the sun has come out again.
News, Sat 18 July 2020.
There are people who may invest just because a stock forum is busy chatting. So its better to post under the old name of REM as it is still the same co but now with a new name.