Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Well, battery tech is developing so fast could we be on the J curve vertical very soon?
CATL mass production 1000Km range and 80% charge in ten minutes and mass production starts next year.
https://insideevs.com/news/594134/catl-qilin-new-high-energy-density-battery/
They are not alone, there are a few batteries coming with 1000km range - 620 miles!
#####
Disruption, the end of ICE could be before 2030!
More lithium more REMS.
80% charge in ten minutes is 500 mile - now take a long dose of Tony Seba if you don't get what that means and these technologies are built around lithium.
Jimb2 Do you know anyone who own shares here apart from me
I own shares here! lol. And I've declared INSP too. Do you still own INSP @jimb, anyone else, it's an old (practically decrepit now) DL baby? Thought I'd start posting again to counter some of the incredible FUD spread over the past few years, do feel free to join me ;-)
Thanks for looking to the future Jimb. 2023 and beyond is when our investments start getting really interesting and the Li demand/supply ratio gets ever tighter - even slipping into under supply if project timelines follow their tendency to move sideways.
I certainly have a heavy weighting in KDNC in my portfolio and continue to buy on the dips to lower my av. It’s hard to believe we’re back into the 10’s - I see it as an opportunity rather than a trend, with an up-tick on the horizon as news of the MRE and PFS for Amapa are released and the politics of Mexico face the reality of how they’re going to integrate the private sector into their energy future.
I’m clearly pint half full and taking the longterm view after 8yrs of investing here. The fundamentals grow ever more compelling ;-)
@observer842,
yes, just a handful now about 20% of the previous max,
HAS - slide 18 should be interesting to some!
70% of production contracted for ten years - and another European T1 Automotive Component Supplier MOU signed still quantity and tenor under negotiation.
https://www.investi.com.au/api/announcements/has/bb2da2ab-afa.pdf
#####
I do believe we would have clinched a deal with Ganfeng by now had A_L.O not thrown a spanner in the works, still, we shouldn't forget the value in these will become evident soon, I can honestly say everyone I speak to in the market for a new car is considering EV's and most are committed, others have done so.
let's not forget the few on here who posted years ago that both HAS and Ganfeng would increase their planned production before the projects begin - odds on that HAS will follow but by how much?
https://www.idtechex.com/en/research-article/rare-earths-in-evs-problems-solutions-and-what-is-actually-happening/25071
You won't see me mentioning disruption three years from now, that'll be old news.
Ganfeng must be looking at the deal we accepted with Hastings and thinking, maybe we should offer them fair value for the piddly amount in the DFS and we'll too get the rest of their 30% for free :-)
Sure @Zoom56,
same thoughts, pushed above my 100% max - at 13.2p and above recently, if it wasn't for the advances in EV battery tech and the inevitable end of ICE I might be as pessimistic as others but what I'm seeing leads me to the same conclusion as you.
A_L.O has got it so wrong Bolivia will use private investment, they were to announce on 15th June from around six interested parties but have delayed so until December, Argentina and Chile already are.
GL
You figured what that would be yet @Dallas? ;-)
Lol @Obs, US$9M seems to be the going rate we'd accept ;-)
The figure our BOD quoted as acceptable was anything up to US$15M.
BCN only owned half of Sonora at the end... ;-)
It was before Ganfengs involvement, albeit lithium prices were lower. What figure have you come up with as fair value for our part based on the DFS @Obs?
Might be worth a bit more if these come off:
Phase I production capacity of 50,000 tons of lithium hydroxide (page 57)
https://www.reddit.com/r/CadenceMinerals/comments/tswuyl/ganfeng_annual_report_presentation_sonora_phase_1/
https://www.benchmarkminerals.com/membership/exclusive-ganfeng-eyes-us-oems-for-strategic-stake-in-mexican-lithium-project/
And Of course Li prices have risen 5 fold since the DFS
Based on the small bit of our Sonora JV in the mining plan, when it is mined, and on the EV valuation inferred by the offer Ganfeng made for Sonora, I get fair value of around $15m to us. Clearly Lithium prices have increased since the offer and Ganfeng have strongly hinted at increasing mining rates, so it would be remiss of us to accept this for the bit in the mining plan, AND throw in the remainder of the JV areas without a significant sweetener/hedge against them going on to develop it, such as a royalty over these areas or the whole project. Anyway, the market current appears to be valuing Sonora at near 0 when $15m is likely the absolute minimum of its worth to us IMHO. Though I suppose there is still location risk...
Agreed @Obs, perhaps they should have applied that thinking to the HAS JV, opposed to accepting the fair value of the little bit included in the DFS for all our JV.
The lithium pricing is a grey area for valuing what our JV worth is to Ganfeng, last go off and without being privy to any further discussions on the matter (if any with Ganfeng) BCN wanted to pay us for the clay only (minus digging costs). Can't wait for this one to play out personally...
@observer842 As the Test Match appears to be drifting out of our grasp once more, I have just looked in
and welcome your return to contributions to this BB. In recent weeks many post have been filtered by me.
On Sonora, I have since Ganfeng involvement expected them to acquire our jv's. As has been stated if the
Mexican Gov had not tried to play their Nationalistic card I think they would have bought us out already.
A small price to pay by them for complete control.
I have followed developments in Amapa by looking in at local news. All very positive and much support from
State Gov and population who welcome the prospect of increased employment in the area. The political will
is certainly very supportive of our rehabilitation plans.
Comprehensive analysis by Observer on Sonora here: https://www.reddit.com/r/CadenceMinerals/comments/teo9dk/comment/i1a1f9v/
It is frightening to see all red is there something happening that we don't know about
Fridays deals as marked were not all sales. Looks to me that from about 11am the spread was
10.50/10.70 for rest of day.
When someone as knowledgeable as Obs who has given us so much valuable info on Cadence in the past posts so many posts on Insp you’ve got to know it must be worth looking at and having a punt on. Look on ‘members’ to recap .
yes, I agree @Barksy1,
that was a close one for me dropped my holdings down to 33% there (not 20% as I thought) but back up to 80% early today sub 30% rise, been following for many years despite all the disappointments, I thought I had a couple of days in hand for an end of June RNS and missed the update to the website content!
Thanks for the nudge @observer842 certainly appreciate that, we've shared many posts on that BB over the years, and also I'm aware that @Barksy1 has had an interest there so I hope you made good today.
Still, if it continues to climb I will take some profit and top up here or EMH, or both, KDNC is still my main holding.
GL
Thanks also to you too Jimb as you have also mentioned Inspirit in the distant past . It seems to be hitting up all round us , just need a little spark from one of them to catch fire !
Hello ; jimb2 , my holding is now worth £20k Was £400,000.00 not worth selling now , It would not even buy the directors a Breakfast G L A