The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
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cell 6i gives you the maximum share issue now available to emh... under rule 7.1 (15%) and rule 7.1A (10%)... for issue without any further shareholders approval... https://www.asx.com.au/asxpdf/20190719/pdf/446r7z30kcynnb.pdf ...
So I get from this they can use 10% + 15% issue of equity so you are right its over 20% however it still will not give CEZ an immediate controlling share of the company thankfully...
is that what cez are after...
it doesn’t read that way to me... cinovec was going nowhere without some form of government involvement... it was a bit of a catch 22... mexican standoff... stalemate situation... that finally looks like it’s now in the process of being amicably resolved...
I dont have an issue with their involvement its when they control the share I would worry. On a side comment the Czechs havent changed at all since the commie days !
The relevant RNS clearly states that CEZ could take a major stake in EMH, not a majority stake. There is a significant difference.
Tweet from Cadence
INDIA LEAD THE LITHIUM ELECTRIC VEHICLE RACE ON BUDGET
The finance minister announced tax rebates of up to ?1.5 lakh on interest paid on loans to buy EVs
India, though, like China or countries in the EU, has not set a target for automakers to convert a certain part of their total vehicle production to electric or other electrified offerings
New Delhi: With a host of incentives unveiled in the Union budget for electric vehicles, India has joined governments in China and Europe that have backed the development of the nascent EV industry by offering extensive fiscal incentives and a favourable regulatory environment.
Pushing ahead with its goal to have more electric vehicles to curb rampant pollution afflicting major cities and trim costly oil imports, the government has started from 1 April 2019, the second phase of the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME 2) scheme, with an outlay of ?10,000 crore. Although this sum may not be significant compared to some developed countries, the incentives announced in the budget for this sector will go a long way in restoring the confidence of investors and customers alike.
In her maiden budget, finance minister Nirmala Sitharamanannounced income tax rebates of up to ?1.5 lakh to customers on interest paid on loans to buy electric vehicles, with a total exemption benefit of ?2.5 lakh over the entire loan period. The minister also announced customs duty exemption on lithium–ion cells, which will help lower the cost of lithium-ion batteries in India as they are not produced locally. Makers of components such as solar electric charging infrastructure and lithium storage batteries and other components will be offered investment linked income tax exemptions under Section 35 AD of the Income Tax Act, and other indirect tax benefits.
Most of these steps are similar to the one taken by the governments in China and Europe.
India, though, like China or countries in the European Union (EU), has not set a target for automakers to convert a certain part of their total vehicle production to electric or other electrified offerings. The NITI-Aayog is considering a policy proposal to ban all internal combustion engine two-wheelers under 150cc by 2025 and three-wheelers by 2023.
China, the world’s largest electric vehicle market, has already imposed restrictions on investment in new manufacturing plants for traditional vehicles and the local government has also mandated a quota for EV production for all manufacturers.
Through its New Energy Vehicle mandate, the Chinese government wants carmakers to shift a tenth of their capacity to electric, rising to 12% by 2020. It has also offered major incentives for manufacturing and lithium-ion batteries.
According to a report by the International Energy Agency (IEA), China was home to half of the world’s electric vehicles in 2018, followed by EU countries and the US. China plans to sell 4.6 million electric
Thats what I've been trying to say Major not Majority...
BENCHMARK NEWS ON LITHIUM SUPPLY
https://gallery.mailchimp.com/4bff972445c3d36015be2ef8e/files/e2dc5dec-6f55-4672-8841-1eb14b459075/Lithium_s_price_paradox.pdf
CLANCY EXPLORATION TRADING HALT.
GGG
https://www.proactiveinvestors.com.au/companies/amp/news/224756?__twitter_impression=true
Greenland Minerals raises $7 million in oversubscribed placement after successful Kvanefjeld rare earths feasibility optimisation
2019-07-31 00:14:00
Kvanefjeld is projected to be one of the largest global producers of key magnet metals including neodymium, praseodymium, dysprosium and terbium.
CADENCE JUNE
https://t.co/e3vHjsaWkc
MEGALIT?
EMH QUARTERLIES
https://www.asx.com.au/asxpdf/20190731/pdf/4472dybmr70z6h.pdf
https://www.asx.com.au/asx/share-price-research/company/HAS
HAS quarterfinals as well if anyone's interested...
On the face of it looks a marvelous share -- why doesnt the market think so ?
Clancy has halted trading today ?
Aou has halted trading ?
Emh has rns out of quarterlies ,noting that it was only KC who issued it.?
Cadence have put out a presentation on Amapa, which also includes a list of our assets.....which excludes Greenland and Megalit JV ?
Bcn are silent as yet although according to their rns today is the last likely day for Ganfeng to confirm the deal.?
Has has reported great quarterlies.....and no one is interested?
?
Happy chatting.
The ghost of BoD past
The reality of BoD present
:-)
Mrs B ... I know I might sound like a stuck record sometimes but that page is clearly titled 'KEY' assets & I simply don't think they consider either Megalit, Greenland OR St Luis (remember how that was going to provide a quick route to joyous riches as positioned & discussed on here - I wonder who took which view !!) as KEY
.....assuming we're looking at the same presentation at the top of page 6 & 7 it clearly states KEY in the title for the page....
Hello, my point was there is just you two chatting on the board, everyone else must just be on holiday or work. Ghost town here.
Barksy1,
Thanks for the link to the Cadence Minerals latest June 2019 Presentation.
Ref -Point No 1: "Opportunity" & 4: "Asset Overview, Potential & Upside" -Amapa.
Recently, over Sat & Sun, old-timers got together to discuss Cadence Minerals. This topic came up as some legacy holders bought REM [now KDNC] at 0.9 and 1p and hence it was interesting that to reach this point, the share price would need to go 10 fold [hypothesis]. This was the question of the day recently on this forum.
In particular, I wanted to know the direction & strategy of KDNC going forward after the REM failed takeover of Bacanora Minerals at £1 [Bacanora*s share price is currently 44p]. From the KDNC June 2019 Presentation, I am NOW cognisant where the direction of the co lies as said per Point 1 & 4.
Some NEW points were raised ie M & A that were NEVER discussed before on this forum arising from Ganfeng*s JV with Bacanora nor the Nemaska potential raise & how the mkt cap between Canada & London differs. Altura has recently had a Chinese partner and that deal M & A is also interesting as a comparitive to the BCN one?
Looks like KDNC is conveying what investors wanted to know ie Overview of Assets etc.
News
31 July 2019
Thanks news, I'm going to go back and read the discussion posts again. The strategy perhaps has changed somewhat but maybe the end goal still remains.
Greenland must be bubbling up now with the GGG news surely:)
On another KDNC forum, I summarised what it would need to get to legacy investors [REM] former buy-in price [hypothesis] since the the particular investors wanted to know.
I cited 3 textbook standard routes that the investment rule book plays by ie 1) There is a windfall via a sale etc that matches the desired mkt cap. 2) The investments of a company goes up, again, to match the desired mkt cap or 3) The co turns a profit to earn, say a undemanding P/E of say 10. An example, if a co earns £1m profit, then the market may attribute a £10m mkt cap as the P/E is 10 [1 x 10]. And so forth.. [ say P/E of 8 - adjust accordingly]
The old-timers discussion over the recent Sat/Sun was a fruitful one as everyone had an input, hence why it was a lengthy discussion. Each one sees the direction differently as per the 3 general rules cited as norm to all co evaluation processes.
So, KDNC has now made rather clear where the co is heading since the REM failed takeover of BCN [now KDNC] via this June 2019 KDNC Presentation.
The discussion has been answered by the co themselves ie KDNC.
This is a big turning point for KDNC since the days of REM [now KDNC] with the main project then being the Sonora lithium project.
Well, an interesting development seeing the detailed information. Now, each to reflect on this development.
Wed, 31 July 2019
Well if the planets all got into alignment we just may see our cash back but for now I am seeing this as a loss and concentrating elsewhere in the investment universe. I am amazed how many people on this board still have time to source and post the research they do, I'm not criticising I'm just amazed they havent got other stuff to do !
Unfortunately, if one invest in stocks, one has to follow what the co is doing in particular and the industry as a whole.
Prior to BCN*s JV, it was well known on Twitter that the banking industry had appeared to close the doors to financing especially lithium. I recall it was Bloomberg that reported it. The reason cited was pricing etc.
Now, the JV*s in lithium etc appear to be from private equity [KDNC Amapa project with a Singapore private equity group] or Chinese lithium producer/s [BCN potential JV with Ganfeng] etc.
One has to find the time to try to research in between work otherwise, one*s stock investment could suffer? One investment manager went for a lunch and did not know that his stock was falling for a certain reason. After lunch, his fund lost millions from having taken an extended lunch.
Even for FTSE stocks, its the same.