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@jimb2 Thank you for the courtesy of your reply. NEWS just OUT: "US to take aim at Chinese banks aiding Russia war effort."-WSJ reports, 23.4.24 from The Standard. "THE US IS DRAFTING S A N C T I O N S cut off some banks off from the global financial system." Call up the title to read.
Why some banks? There are mega banks like HSBC and if they cut that as well, then it will affect everyone in the West as well given some of these global mega banks are in the UK as well. So, the above is just a series of articles out today and therefore, it would now appear that is the reason why SONORA [GAN/BCN] is a political issue as said by one article.
Interesting that BCN should have gone it alone with REM. But oh , well, that is life. Thank you. Tues, 23.4.24.
@News,
Given you spoke to OBSERVER842 last wk,
apologies, that may have been confusing when I said
“@Observer842 would have posted with much greater detail than you will find in my posts, I did exchange many views with him - we touched on this a week back, he is certainly missed on here”
I was referring to the exchange of posts with other posters on the fact that @Observer842 no longer posts here.
@jimb2
I will run through a few points with you if I may. 1st of all, the REM'ers are NOT here except you & a few others. The rest are either at Reddit Wall St Bets or elsewhere @Club REM. Given you spoke to OBSERVER842 last wk, I will summarise what I know and found out TODAY. So bear with me given there are 3 CLUBS @REM. ==Reddit was aware that the MEXICAN Govt was holding talks with TESLA 1 yr ago. WHETHER REM CLUBS know that there is an OFFICIAL AGREEMENT as per the title above I dont know. Because there is an LEGAL AGREEMENT, the gov is chasing TESLA to START CONSTRUCTION ON TIME IN MEXICO @GIGAFACTORY. Reddit REM Club also knows that the MEXICAN GOVT have conducted TALKS WITH CAR GROUPS TO BE PARTNERS @SONORA LITHIUM but REM Club cannot confirm if it is TESLA that will be helping with Sonora. But the above title states SO.
SONORA LITHIUM: So if TESLA STARTS CONSTRUCTION etc in Mexico, they will be getting LITHIUM FROM SONORA. BCN /GAn said Sonora lithium in production WILL BE THE LARGEST IN THE WORLD. SONORA LICENCES NATIONALISED AND TAKEN BACK FROM GANFENG/BCN & REM MEXICO. Not up to me to postulate who will get the licences - up to each one to keep their hopes it may be Gan/BCN but from the link I gave, the gov will NOT COMMENT so doesnt look too positive.
Not surprised as the govt have already held talks re: EV vehicle partners and Club REM thinks it is TESLA. The title as above suggest it could be.
REM MEXICO : The KCNC RNS was 16 Nov 2023 saying they have appointed Clifford Chance to speak to the Mex gov re: discussions and negotiations but todate, KIRAN HAS NOT UPDATE whether they got a welcome or cold reception, the latter of which Gan appears to have got. WHY SO LONG OF NO SOUND --OVER 5 MONTHS NOW. EVEN IF GOVT SAID NO, THAT IS ALSO POSITIVE AS FILING FOR INTERNATIONAL ARBITRATION CAN TAKE PLACE. SO, KDNC HAS TO JUST LOOK FOR A FUNDER and there are quite a few firms doing that . AVZ got A$20m to fund int. arb vs DRC gov and interim ruling in AVZ's favour. Clifford Chance would NOT have taken REM MEXIC'S CASE ON IF THERE WAS ABSOLUTELY NO CHANCE so one assumes there is enough legal material.
KDNC RNS: It could just spring out one morning and only possibly 3 scenarios: [1] NO, IS THE ANSWER FROM THE GOV. [2] YES, BUT THE SUM IS NOT AS LARGE AS MANY MAY WISH FOR like Bannor wants $150m or £150m. [3] Not sure if WH Ireland has given a potential payout valuation given the broker note is NOT fully seen. [4] Some compromise. The Sonora situation is actually important to KDNC as it would help if a resolution is achieved.
I checked Degsie and he last posted in Mar 2024 so cant ask if he can get the WH Ireland note to see re:Sonora. I have seen an S & P GLOBAL note on SONORA valuation. So, over to you or anyone else if they care to share notes as to where we all are at. Thanks. Tues, 23.4.24 Not editing. Just came in.
Zzzzzzzzz
.
Some studies suggest that people with higher IQs tend to sleep less and later, and are more likely to be night owls. For example, a Northwestern University study called "Night Owls" found that people with higher IQs tend to sleep less, and that the IQ drops by one deviation for each hour of sleep lost. Another study by psychologist Satoshi Kanazawa found that people in their 20s with a normal IQ tended to go to sleep at around 12:10 a.m., while those with a lower IQ went to bed at 11:41 p.m., and those labelled "very bright" hit the sack at 12:29.
Who am I to argue with good research!
Arggh
Md, fat fingers? I take it you mean obs, try not to imagine, obs, ev, news, Jimb having one of their days together.
What a way to end your life reading their postings and slowly and painfully drifting into a coma. You could try a light version by adopting the mantra obs, ev, news, Jimb,obs, ev, news, Jimb,obs, ev, news, Jimb before falling asleep ideal for any Insomniacs. zzzz
Link: https://coha.org/mexico-tesla-agreement-mutually-beneficial-or-one-sided-arrangement/ -COHA, 18 Mar 2023
Comment:
[1]Initially, BCN /Gan would sell to TESLA and sent the Sonora lithium across the border to the USA where Tesla factory was.
[2] State of the TESLA gigafactory coming to MEXICO - I posted what was happening as well eg from Bloomberg etc.
[3] I have today located the AGREEMENT BETWEEN THE MEXICAN GOVT & TESLA TO COME TO MEXICO to build the gigafactory as above. -------SURPRISE, SURPRISE --LITHIUM IS COMING FROM SONORA.!!! --PART OF THE MEXICO GOVT & TESLA AGREEMENT SIGNED.
Then, Tesla exports vehicles BACK INTO THE USA. BCN now says SONORA IS GOING TO BE THE BIGGEST LITHIUM PRODUCTION PLANT IN THE WORLD --ah back that is now not possible as BCN/GAN is now out of the loop ie licences NATIONALISED.
Isnt that interesting? Sorry, yesterday was meant to be short and sweet but I did not realise jimb2 wanted a to and fro.
It is now short and sweet. Tesla says they are still going to build and construction etc ...MEXICO SIGNED THE AGREEMENT WITH TESLA and they are chasing the agreement. DYOR, NIA. Tues, 23.4.24 Finished posting. Thank you.
Ref: Tweet by DL referring to a article about BCN/GAN supplying to Tesla of which link was posted yesterday.
DD, If you're talking about the bloviating that went on yesterday, I wouldn't know as I didn't read any of it.
TC, if there's anyone on another planet, I find it's ' news ' but it was a good double act yesterday, if you like those types of acts.
Morns Ban, md, eric.
Good story about how the tail tried wagging the dog 😉
No, you've warped into the wrong sector.
I thought hobs was back for a minute
Breaking records… 🫤
i must be on a different 🪐 …
Run out of things to write about.
There's nothing that should surprise you @News,
I've lived through and experienced the ups and downs of over the last ten years of REM/KDNC as of next month, just need more ups to balance things out!
@Observer842 would have posted with much greater detail than you will find in my posts, I did exchange many views with him - we touched on this a week back, he is certainly missed on here.
||LoL
I have just looked at several pages of your postings on this forum. What I found was very interesting.
Especially, now that you quote HANWA and every the paragraph is separated like OBSERVER842 style, exactly.
I can remember his going on about HANWA.
Observer842 stopped posting and his last post is on INSP. Even breaking PARA'S USING
===
is typical of his style. So, there is a fan of Observer842 here, hence the style Good night, Sir. Got it solved. 22.4.24 [Mon]
@News.
Episode 2
Apr. 13, 2017
Hanwa Co., Ltd. (Registered Head Office: Osaka, Japan ; President: Hironari Furukawa; henceforth “Hanwa”) is hereby delighted to announce its decision on partial capital participation in Bacanora Minerals Ltd. (- TSX-V : BCN & AIM: BCN – the Canadian and London listed; Executive Chairman: Mr. Mark Hohnen; henceforth “BCN”). Hanwa shall acquire off-take up to 100% of the battery grade lithium carbonate produced at Sonora Lithium Project and aim to market it to meet the expected growing demand from Japan and other countries around the world.
1st Stage – 17,500MT Lithium Carbonate (※ LCE) per annum
2nd Stage – 17,500MT LCE per annum
(Totally maximum 35,000MT LCE per annum)
Sonora Lithium project holds outstanding lithium deposits with significantly low amount of impurities, consisting of unique type of ore, so-called, clay, and with the full use of it, Hanwa seeks to establish itself as a new lithium supplier in this fast-growing market and fulfill a stable supply obligation towards our existing and new customers.
End of 2018 – Early 2019 Production commencement
https://www.lse.co.uk/rns/KDNC/bacanora-minerals-update-pnacgc13km033ab.html
Hanwa has committed to assist Bacanora in securing the debt financing component of the funding package required to enable development to commence following completion of the Feasibility Study.
· Preliminary introductions made to date by Hanwa have been positive first steps towards securing such additional future financing requirements.
Commenting, Kiran Morzaria, Chief Executive Officer of Cadence, said:
"This strategic partnership is a pivotal moment in the development of the Sonora lithium project. The off-take agreement for up to 100% of battery grade lithium carbonate, not only validates the production process, but also reduces the risk profile and importantly means that the Project has a strong strategic partner that provides an excellent foundation for project debt financing, construction and production."
If only - I wonder if Hanwa thinks so?
So, I will now LEAVE it to BARKSY1 since I have never contacted Kiran. Barksy1 can inform him.
However, the 1 point that I was trying to make in my post before I went astray was that REM SHOULD HAVE SUCCEEDED IN THE TAKEOVER OF BCN given Lord Orr & DL has some sort of understanding. Moreover, Lord Orr passed.
Now, SONORA is a mess because neither REM nor GAN have Sonora anymore. Gan has NEVER included REM in any co-operation , hence both co's have not approached the Mex govt but rather each is going their own part. Many REM 5p London party would appear very aggrieved due to all the MISSED INFO on the stock forums, esp about DL. But facts show that what DL told the REM at the party, there is going to be a chess move, that he did. BUT IT MUST HAVE STUNNED HIM THAT IT WAS REJECTED IN THE WAY IT DID, AND NEVER PUT TO BCN SHAREHOLDERS despite it was a generous offer of £1 vs Gan's 45p initial bid. Seeking Alpha of USA felt that the TESLA OFF-TAKE WOULD HAVE OPENED THE DOORS TO THE FUNDING OF THE START OF THE PRODUCTION @SONORA. THIS MANY OF THE REM 5P PARTY DID NOT KNOW ABOUT AND THAT BCN/GAN WAS GOING TO SUPPLY T E S L A [link provided]. So, now that so much of the info has come out, REM'er at the 5p London party should be informed. That is history now but going forward, at this time, SONORA MONEY WOULD HELP CADENCE. So, I will now leave it to Barksy1 since she organised the party and knows who all the REM'er are. Hopefully, IF DL is informed, he can say something knowing that the gov is not going to grant what Uncle Sam is not happy about per Bloom reporting. Hope that clarifies. Mon, 22.4.24 Ta Ta.
Oh so close,
another $7bn
President Biden announces $7 billion in solar energy grants
Link to GAN DEBT: $3.42bn vs Mkt Cap $9.23bn.
https://companiesmarketcap.com/ganfeng-lithium/total-debt/
WHAT ONE WANTS TO ACHIEVE IS A RECOVERY FOR REM 5P LONDON PARTY PARTICIPANTS.
Hence, why folks need to know about REM Sonora and the awaited update due. Mon, 22.4.24.
The point was I was making was that from looking at just the spend @Gan, they are not in recent day, into mega investments. Therefore, IF, US$391m paid for BCN/Sonora was just loose change like a dime to a billionaire, then international arbitration would not be on the agenda per their latest a/c, pending legal counsel's advice. I have just checked and it is correct: GAN DEBT IS "AS OF SEP 2023 IS US$3.42 BILLION."!!! [Mkt Cap $9.23B @$5.03.
That appears to be not a small debt load and hence why they want to recover their US$391m paid for Sonora which has now been nationalised. THAT IS NOT REM'S CONCERN BECAUSE REM DOESNT RUN GAN. Hence, that will also be Gan 's dept given they will realise how they got into this mess? Well, they have to ask the OTHER OZZIE, not our DL, the Aussie Chairman of REM. Why? ACCORDING TO THE AGREEMENT [informal or otherwise one is not told nor privy to but DL said they were sort of agreed ie he and Lord Orr] REM would have taken over BCN@Sonora. Otherwise, why did REM acquire close to 20% of BCN and a/c to Canadian rules, that is the threshold for takeover vs 29.9% UK. DL told the ole timers about the Canadian rule. So, that is GAN's biz as to sort it out with the genius that advised them. Suffice to say, Gan has gone their OWN WAY and all the article and KDNC RNS of 16.11.23 does NOT MENTION GAN AT ALL. HENCE, CADENCE APPOINTING CLIFFORD CHANCE, LEADING COUNSEL FOR POTENTIAL INT. ARB. IS FOR CADENCE and GAN gets on with their side. Not the choice of REM MEXICO given the JV partner was not amenable to even DL/s offtake deal with Tesla and killed it per DL on Twitter [LINK GIVEN].
What we need to ascertain is what is happening FURTHER TO THE NEGO/DISCUSSION with the gov ---------and what is being done with funding ie seeking no win no fee legal counsel ti file the claim? It is now OVER 5 MONTHS, and perhaps Kiran will have to ask counsel and INFORM THE MKT. I hope that clarifies. Problem here is, I am not sure if you are part of the private forum for REM, set up due to the noise here. IF YOU ARE, THEN YOU MUST BE NUANCED TO EVERYTHING I HAVE SAID except maybe some things I had not posted in recent times. So, there is a lot of confusion as I dont know what you know or dont know and you are just as puzzled. BARKSY1 IS ENJOYING HER TIME OFF AS SHE SAID SO NO ONE TO ACT AS INTERMEDIARY as to what A is saying and what B understand or is not informed. This is why there is confusion.
@News,
That's why I posted on Thacker Pass and LAC having to raise $275m, Ganfeng were involved heavily in Thacker Pass but when Trump started the rhetoric with China Ganfeng made a beeline for Sonora - if I recall the team flew in from Argentina instead of heading to Nevada - of course between LAC and Ganfeng other projects in Argentina was a means of divesting - LAC with a loan facility to build a processing plant but not a mine?
Ganfeng did a great deal of work on their flowsheet.
Lithium Americas Stock Jumps on $2.26B Conditional Loan From US Department of Energy - that was March 14th and yet they need a cash raise for the mine - as I stated if Mexico thinks the Ganfeng deal is not a good deal!!
Today:
Lithium Americas Closes US$275 Million Underwritten Public Offering
And they are looking 2027 for production, Ganfeng could have been three years ahead in Sonora.
It will take an election with a different party leading IMO - cringe!
In her speech, Sheinbaum also said Pemex could participate in the exploration of lithium, and some renewables production.
P.S.
Mr S of BNC@CEO told Mexican press [links I have already given] that SONORA WILL BE THE WORLD'S LARGEST LITHIUM PRODUCTION PLANT IN THE WORLD.
Contd
If ordinary people like those in the days of REM etc knew that Uncle Sam would NEVER ALLOW a Middle King^ co to take one of the largest lithium clay deposits in the world and set the production factory in Sonora which is a/c to the old timers, a stone's throw from the USA @Tesla. Now, Tesla is COMING to MEXICO and therefore, it is PROVEN THAT MEXICO IS SETTING UP =========="THE SILICON VALLEY OF GREEN ENERGY.======== Is it a co-incidence that the Presidential Frontrunner appointed or approved by the current President is an expert in energy?
GAN: Sooner or later, they will wake up given there were already whispers then so how did they get in and pay US$391m. In recent times and days, Gan has invested a few millions BUT NOTHING LIKE US$391M so to them , it is a LOT OF MONEY going by what I have checked of their recent investments. Maybe, they have used up too much $$$ for Sonora NOT aware or told that there were ALREADY FLAGS not in their favour. IN REM/S FAVOUR : YES DUE TO FIVE EYE and UK is 1 of 5 and so is Australia. So, the BIG MISTAKE was to go with what UNCLE SAME WOULD NOT ALLOW to be so near the border to US. In discussions on this site, folks pointed out that if a big co set up in SCOTLAND TO THE BRITISH BORDER, it too will NOT be allowed. So, the rationale was known to all laymen so how did Gan not know or did no bird tell them?
AH WELL, THAT IS HISTORY NOW. SO, DL IS MORE NUANCED THAN HIS FELLOW OZZIE. Why? He hurried whilst the other cleared a road and the next moment in 15 days SOLD SONORA away to the C major as shown on their Twitter feed to which I gave the link to show the pic of the clearance. This is what the gov picked on. So, DL must know from experience that it is not wise not to hurry and get things going. LoL.
LITCHFIELD: NOW CALLED EVERGREEN.
Next to Finniss, NT, Australia. Looks like they found big pegmatites per the latest RNS. So, hunch correct given it is NEXT DOOR to Finniss. That was the lithium project I was keen on.
Lets see what Kiran says. Thank you.