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@jimb2
Not sure if you were here @REM plc on this forum but it was like a "mad" house with hundreds of posts running into the night. Ask Barksy1 as we all had a lot of fun then. Everyone was chirping on. PALEN and many others said that the NEAREST for SONORA is to just cart the LITHIUM across from SONORA , Mexico over to the USA BORDER and TESLA was close by. SOME EVEN SCREEN SHOT MAPS OF SONORA , MEXICO TO THE TESLA FACTORY OVER THE MEXICO BORDER and onto USA @Tesla. CHEAPER and DEMAND was there and they wanted lots of lithium, so it made LOGISTIC SENSE. EVERYONE AGREE @REM PLC FORUM THEN. Exporting abroad needs to get to A PORT, then by SHIP and then dock and into containers, then ON AND ON. SHIPPING COST, TIME TAKEN ETC = not so profitable. ACROSS THE BORDER AND NOT TOO LONG A DISTANCE BY ROAD OR TRAIN AND ROAD, NOT SURE as it was a long time ago this was all discussed.
OTHERWISE, WHY DL GOING TO TESLA TO GET THE OFF-TAKE?
So, what the chefs say to the Brits is not what is actually happening cos the tweet is from DL and the article is what the chief of BCN told the Mexican gov etc. EVERYONE ALSO KNOWS THAT GANFENG SUPPLIES TO TESLA -that is in the public domain. So, us on REM plc here did KNOW anyway who Gan supplied to ie Tesla and others. All public knowledge. Too long now to call up as REM plc has been deleted by this site. But that DL TWEET IN REPLY AS SAID AND THE ARTICLE BY JORNADO, MEXICO, the leading publication IS PROOF and EVIDENCE OF WHAT I SAID. Hope that clarifies. Sun, 21.4.24.
@jimb2
The reason why I dont post on this forum is that I dont want to argue over small details. Just I regret posting on KDNC.L telling Observer842, it isnt going to £5 soon. But my purpose to post is that since I was IN on Day 1 of REM plc, I can tell the story and it should be told otherwise, there will be a lot of upset over the 5p party in London. I did not attend as I dont live in London.
Here is the PROOF: It is from DAVID LENIGAS HIMSELF to an article which states TESLA @BCN/GANFENG.
Link: https://twitter.com/DavidLenigas/status/1375127025653059588 dated 25 Mar 2021 , 4:46.
David Lenigas tweeted: "I HAD THEM A DEAL WITH A TESLA AND CURRENT BOARD KILLED IT. FUNNY HOW THEY WANT BACK IN. GREAT ANYWAYS. GREAT FOR KDNC."
CLICK THE TWEET OPEN AS DAVID LENIGAS WAS COMMENTING ON AN ARTICLE BY THE RENOWED MEXICAN PUBLICATION, JORNADA, MEXICO DATED 25 MAR, 2021 WHICH TRANSLATED INTO ENGLISH BY TWITTER AS :"BACANORA LITHIUM , the English mining co that owns the most important lithium deposit in Mexico which has not yet entered the production phase, ------------WANTS TO BE A SUPPLIER TO THE ELECTRIC CAR MANUFACTURER T E S L A ."
One can also see the article by the leading Mexican publication, Jornada in Spanish that SAYS "BACANORA LITHIUM AND AT THE END T E S LA ." In Spanish: "ser proveedor ...de auto TESLA." Press Translate on Twitter icon to check.
The picture used by Jornada re: this article shows THE MEXICAN PRESIDENT and battery.
COMMENT: AH, YOU MUST HAVE MISSED IT JIMB2 as a lot of REM holders saw it and GOING BY THE RE-TWEETS AND LIKED. I think Barksy1 may have seen it but I posted it on KDNC.L some time ago what D.L said. Even he was quite stunned hence when that article was sent to him, he replied. THAT WAS HOW WE LOT CAME TO KNOW WHAT REALLY HAPPENED RE: REM AND TESLA OFF-TAKE OBTAINED BY DL. DL showed us a pic of him at Tesla plant. I didnt recognise the Tesla Plant but many did on this forum then @REM P{Lc. Not sure if you were here or you follow DL but many of us follow DL on Twitter and if we find something, we send it to him on public open file so every sees it. Hope that clarifies. Ah, many things were told but one finds that what they told the MEXICANS IS DIFFERENT OFFICIALLY ETC. But no, they never told DL either, hence he was stunned and let the cat out of the bag that they "killed" the Tesla deal @offtake he got for REM/BCN. OTHERWISE, WE WOULD NOT KNOW IE US HOLDERS THEN. DL never TOLD HOLDERS WHY THE TESLA DEAL WAS NOT ;FOLLOWED THRU. BUT I THINK BARKSY1 KNOWS as quite a few of us saw what DL said himself and what happened to the Tesla deal. ALL HISTORY NOW.
@News.
all output was destined for China, Korea and Japan mentioned here, Peter Secker on the REM bid
https://youtu.be/e3yTED79Dhg?si=iwQzok8oWSNA1ATt&t=1404
Peter Secker never considered the US as a market when DL was touting Tesla, I recall later he included Europe and then much later the US, but of course the inflation reduction act wasn't on the horizon back then.
In that clip, imagine if you were to suggest $82,000/t
I still think Hanwa was our missed opportunity if they had delivered on the investments in addition to the off-take - if only!
DL was talking $6,000/t
-------------------------REM 5p London party-------------
I thought I had better post the ref: BCN told the market that REM offered £1 so REM never got a chance to put out a RNS. In the BCN RNS: IT WAS STATED THAT IT "UNDER-VALUED THE BUSINESS" and NO and end of ie very terse and short. The offer was ...off before it could even get off the ground sort of thing. This is NOT USUAL at all.
Then, the major made a bid at 45p and it was put to vote and the BOARD RECOMMENDED the 45p without any comment of it under-valuing the business kinda of thing. But I think there were unhappiness so the major sweetened it a bit with the Zinnwald shares which they had anyway. SO, I NEED TO PUT CONTEXT IN FOR COMPLETENESS. Oh, there was fury about DL even though he did what he said at the party ie he will make a chess move LoL [we all guessed it was a bid anyway otherwise what else is there?]. I heard that folks interpreted DL leaving his co's on AIM as he got disqualified as a director. I CHECKED AND SOMEONE HAD INDEED GONE TO THE FCA and the FCA put out online to the enquirer that NO, DL HAS ====NOT==BEEN DISQUALIFIED as a director in Britain. So, obviously, it has to be someone but who I dont know.
Suffice to say, one can check as it is on open file. Hence, DL is Chairman of an ASX co and on Aquis as well and not sure where else as I dont follow everything. From my figures, in the earlier post today, one can see that DL's $400m USD was close to the $391m USD that the major paid for BCN. The Zinnwald I did not take into account but it is close enough. Also, there were already rumblings about the govt so it was not top $ paid. It is an irony now that the major is going their own way to take action once legal counsel tells them what to do. REM Mexico has gone their own way and hired Clifford Chance, 1 of the leading global firms as legal counsel and CC is part of the Magic Circle in London of which only few firms are in. Also, the Mr Smart who cleared the road gave the govt the opening gambit so now yes, Sonora is in their hands but by a slip of the road error, the govt has taken the licence back. YES, THE 5P PARTY COULD NOT FIND FRUITION BUT THEN NEITHER IS IT GOING TO BE EASY EITHER for the major to get the project back without SPENDING mega sums in legal fee and it may take at least 2 years. SO, NO WIN EITHER for the chefs.iSNT LIFE STRANGE. Ends the story of REM. Sun, 21.4.24. Thank you for your time as I thought I would clarify since the 5p has always been something interesting and I did the cals and what DL said about $400m M & A.
...... Cos it's not up to us to decide when to ship the stockpiles as you should know
If iron is at recent highs why haven’t we resumed shipping ore?
Last part:
DL has gone on from REM plc days. But in real life, he has been credited by the commercial world for Sonora and now advises "Family Offices" per his Linkedin. WH Ireland said that many made from REM plc. So, those that lost got in at the height as norm. But , but. As for DL, he has NOT yet produced any BIG MAJOR TIER 1 deposit like Sonora. So, many just jumped in thinking this is KING MIDAS. Doesnt work like that. Any examples: Folks will recall Dr Burry of the "Big Short" fame and he has an entry in Wikipedia. But after that, he set up a hedge fund and took a short on Tesla via puts but that did not turn up. Same with ROARING KITTY of GAMESTOP fame. All quiet now.
Cut the long story short: LIKE HORSES, a trainer cant have a Grand National Winner every year. Or prize winning jockeys winning the Grand National every year.
LoL : I think Brits are not used to DL , an Aussie. I have listened to Twiggy and his corporate history and it was said he can talk the hind legs off anyone but no one would listen in Oz but the Chinese did. LoL. So, in listening to Aussie, I had to learn that they mean different things to Brits. In Asia, when they say, NOD, they only mean I hear you, not necessarily Yes.
So, that ends the story of REM plc. Yes, Jimb, I am aware of Ganfeng as I read their financials and they are awaiting legal counsel to advice etc. But that is no longer of concern to REM plc in so far as the story of its history goes. But suffice to say, that my instincts were right vs folks that sang the praises of you know who. Oh, he is a serious chap vs DL. I prefer people who talk rather than the quiet ones. That proved CORRECT. Then, it turned and oh my, the things said on BCN forum cannot be repeated about X or Y there ie the chefs.
Https://seekingalpha.com/article/4684251-ganfeng-lithium-staying-neutral-following-recent-investor-briefing
There's nothing to add from Ganfeng until they get some indication from their lawyers, that's how I read it.
Part 2:
--------------------------REM PLC LONDON PARTY 5P-----------
So, at 5p given 2.25p was £90m-------therefore at 5p it would be some £225m or at current FX of £1=US$1.24 , = US$279m vs US$391 PAID by Ganfeng for BCN.
DL from what I could perceive was saying that IF there was a takeover, the last M & A for lithium was $400m.
LoL, Ganfeng paid US$391m plus a few shares in Zinnwald.
As for Tesla, it is well known that even if the terms were attractive, it would not always be so, as it would draw other off-takers and it is all by private contracts, not disclosed by any lithium producer as norm. However, in more recent times, Australian big lithium majors are conducting OPEN LITHIUM AUCTIONS and they are getting better prices. The recent prices in lithium was due to using lepidote, a cheaper version but is more problematic to produce.
FORUM:
Please dont chide me as there are always folks jumping on any little dot. If there is a different view, then just correct if folks want to. But I was here on REM just after DL took over the shell and it was really a ....hearing the naysayers all day about the funding. If no funding how to drill? Cut the story short, it went from 0.04p to 2.25p. Like many other stocks where investors get into, it is a see-saw. Look at Havieron for example. The share prices swing.
So, that is the story of REM plc from my account of days here. Sun, 21.4.24. No doubt, Sonora will be of interest in time to come but that will be another story.
Yes, I am aware that it would have been covered. However, on Twitter, it is still of interest under the Mexican thread and there is nothing new yet as to how Ganfeng is proceeding. However, interesting, REM plc is doing its own thing.
I thought I would review Sonora, in particular and in general. I have thought further about the 5p REM party in London. LoL, I didnt attend. However, DL said that he would make a chess move. YES, THAT DID HAPPEN - REM offered £1 for BCN @Sonora which was turned down. But it was BCN that told the market that before it could be announced by REM. I note that over at BCN forum [now no longer exists], the chances of them voting for REM was almost nil. Why? My word, some leading characters from this forum were over there d...iiii REM & DL. Meanwhile, even Seeking Alpha an American site was impressed by DL's obtaining a TESLA off-take. Why? Who has heard of a tiny AIM co being able to obtain a Tesla off-take? A/c to Seeking Alpha of which I posted the link to and seen by some, they said that FUNDING was not going to be a problem. Funding as in capex etc. Cut to the chase: DL's Tesla off-take deal was REJECTED by the BCN folks per DL on Twitter later. I sent a Twitter article that BCN & et al [the major] was going to SUPPLY TESLA!!! DL replied on open forum on Twitter to say, that was the same deal he got at Tesla. DL said that lithium M & A was around $400m and this was during the time that the prices of lithium was pretty good. REM went from some 0.04p to 2.25p and at 2.25p, the MKT CAP WAS AROUND £90M+. So, 5p would be ========SOME £200M. ===REM PARTY IN LONDON. Fast forward, GANFENG took over BCN for US$391 MILLION [Ref: "Bacanora Lithium accepts Ganfeng's $391m TAKEOVER OFFER."- Mining.com, 27 Aug 2021. POST OFFER & NATIONALISATION BY MEXICO OF SONORA: Observer942 posted on this forum that HAD DL taken over Sonora/BCN, he would have got the MINE UP AND RUNNING. Yes, when REM was just a shell, the drilling was done very quickly and DL worked like mad. Also, had DL not done the Scoping Study for their part of Sonora at some NPV $1bn, then today, KDNC would NOT be able to speak to the Mexican govt. Why? No valuation so that was also what Seeking Alpha said was a good move by DL. MEXICAN TREASURY REPORT; SONORA IS OFFICIALLY VALUED AT "UP TO US$600 BILLION." I posted that on the KDNC.L page with link. BEHIND THE SCENES: That one will never know but suffice to say £1 by REM was rejected but some 45p from the major was accepted by BCN. Today, the Mexican govt has given the official reason [per their account] that BCN & major did not "PROGRESS" Sonora [exact wording more detailed] but the govt did not agree that a road or starting to build or clear some trees or whatever meet the criteria of progress, so called. BUT IF REM GOT A MINE GOING, IT WOULD BE HARDER TO TAKE IT, AS UNDER INT. ARBITRATION, THE SUMS INVOLVED WOULD BE BIG ie compensation if the govt lost. So, just posting what final conclusions I have gather
If you check 16th November RNS, it covers that,
Link: https://twitter.com/mxmining/status/1775193732767158328 2.4.24.
"Federal Court rejects Amparo from Ganfeng Lithium subsidiary."-Mexico Mining, 2.4.24
[REM MENTIONED].
[2] TRR LITIGATION RE: SONORA.
LORD ORR NAME MENTIONED IN LITIGATION. SHORT VIDEO FROM TRR [the 5 secs type]. Interesting.
Link: https://twitter.com/LondonSouthEast/status/1759524729306677281 19.2.24
[Focus IR]
Comment: Thought the old timers would be interested to see the REM name as KDNC not used. Why? It is still in REM Mexico 's name. Also, Lord Orr name in litigation or rather his family trust.
Navy visit to our port operations
We received a visit to our Santana unit from the Frigate Captain, Mr. João Batista da Conceição Reis. He is the commander of the Port Authority in the state of Amapá and his visit aimed to get to know our company, exchanging a lot of information about the procedures we will have in our port operations in the future. With this, we bring the transparency of our work to the authorities' knowledge of what we will carry out in our port, within the legalization required by the Brazilian Navy. The clarity of our processes strengthens our reputation in the mining segment and also establishes trustworthiness with our operational partners. We are DEV Mineração working for the development of the Northern region of Brazil.
Good to hear from you Ivybush,
Seems you made a wise decision, and yes we now carry a great deal of risk, short term EMH performance now seems critical.
GL
Hello to Barksy, jimb2 and other regular posters. I have not posted here for a long time as I sold out many months ago.
Kiran said that Amapa meant kdnc was "punching above its weight" and as time progresses the funding requirement
does appear problematical particularly as all junior minors are currently finding difficulty in securing credit.
I do follow this BB and may yet reinvest here-----Good luck all.
Good to see you are still looking in @Barksy1, I hope all is well with you and family - let's hope the bod can give you a reason to post again!
Take care,
Hows the garlic growing on the kitchen window ledge
@maddog38, l still trust KM, just not as much as a month ago.
Mexico!
Admin!
Hi barsky / I hope your hubbie is do well
Jimb2/ you never listen you have doged me for years for telling the truth ,
but like others we all got pulled in to k/ms spell with his shipping of ore after 6 months he was lieing ,
the mine would be up and running in 18 months another lie,
the income from the ore would pay for he referbishment of the railway and the reinstatement of the mine another lie.
the man is worse than legover who trained him to con the punters ,
are well i will never get that day out incourt you promisted me just as well it would have cost you more than you will ever see from this share.
I haven’t given up the ghost at all … Watching every word letter syllable comma ; just can’t be bothered to join in any more . Watching and waiting …..
Jimbo's lost his faith, Mermaid's lost her patience, Obs has retired to the great lithium mine in the sky and Barclay's given up the ghost after her thirty thousand posts. But the question on everyone's lips is, will EV ever lose his bull?
At this point we appear to have funded Amapa to the point that it can be licensed and sold as a viable 'shovel ready' 67% mine project, with any luck we could still see a reasonable return from it.
Dumped 100,000 yesterday @RG33, just a few from my recent yo up so at a loss.
Faith driven.
@jimb2,
🤔 🤔 You could always sell up, and move on of course !! only joking mate, 😄😄