Roundtable Discussion; The Future of Mineral Sands. 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.
I listened to the interview Proactive did with the CEO, on listing 13 Apr 2023.
The gist of what the CEO said was that they think the Core Lithium stuff may come over but TO WHAT EXTENT.
---------Interesting given the mkt cap jumped from A$10m on 23 Apr 2023 on listing day AND JUMPED to A$60.66m on Fri, 7 July 2023 [ X 6 TIMES].
----------HE WHO CAN MAKE A GUESS NOW WHAT LIES ON EVERGREEN acreage OR LITCHFIELD now
will be sitting on edge. Why? Mkt Cap A$60.66m BEFORE even 1 drill can go down Litchfield.
CEO said that they can only drill at certain times.
---WHAT WILL HISTORY SAY?----------
--WHAT DOES ANT SURVEY SAY?---
HAVE TO WAIT.
Article is on Yahoo Finance per the above title.
"LISTING IS AT A$10 MILLION."-23 April 2023.
EVERGREEN SHARE PRICE 33c Aussie and M A R K E T C A P , FRI 7 JULY 2023 A$60.66m!!!!
KDNC owns some 8% in Evergreen Lithium which is KDNC's former project ie Litchfield, conttiguous to Core Lithium MKT CAP now A$1.72 BILLION.!!!
"Evergreen Lithium enters the ASX ranks."-Australian Resource & Investment, 13 Apr 2023.
"Evergreen Lithium may have only just listed but the co holds a LITHIUM PROJECT that could
DELIVER A FINNISS -LIKE DISCOVERY."
"The Bynoe project is located ON TREND with and 1.2km away from the FINNIS MINE and Evergreen believes it bears geological similarities to the producing CORE LITHIUM asset." [Core's mine is at Finnis.]
EVERGREEN LITHIUM 'S MKT CAP IS NOW A$60.66 Million @ 33.5 cents Aussie.
EVERGREEN'S BRYNOE WAS OWNED BY KDNC [was].
Just looked at KDNC's 28 June 2023 RNS about Evergreen Lithium, now an investee co of KDNC.
HEAD OF EXPLORATION: J A S O N W A R D.
Ah, I recognise that name. HE WAS HEAD OF EXPLORATION AT SOLGOLD.
In the video posted by Evergreen, I RECOGNISED THE FACE but couldnt put a name, but now I know, it is Jason Ward.
THE RNS FROM EVERGREEN IS BETTER -read the link I gave from Hotcopper Evergreen Lithium.
CORE LITHIUM ON ASX : MARKET CAP A$1.72 BILLION @93cents Aussie.
https://hotcopper.com.au/cxo/
KDNC's LITCHFIELD WAS THE ADJOINING PROPERTY ---to-----CORE's property.
$1.72 BILLION MKT CAP !!!!!!
What a chance for KDNC if, if, only!!!!! ie they kept it.
Evergreen Lithium Ltd, newly listed on Australia ASX -owned by KDNC.
[Evergreen listed on the ASX using the lithium project owned by KDNC & private co.]
EVERGREEN RNS [ANN]: "LARGE SCALE PEGMETITES IDENTIFIED BY BYNOE."- 1 June 2023.
Listen to the VIDEO by the Evergreen CEO on Hotcopper.
Link: https://hotcopper.com.au/threads/ann-large-scale-lithium-pegmetite-targets-identified-at-bynoe.7410202/
The video is on the page from the link above by sle. One can see it the video.
Listen to the Evergreen CEO stating that Core Lithium found their lithium via ANT Survey so that drilling is not wasted
on wrong targets. LOOK AT THE MAP OF CORE vs LITCHFIELD [now Evergreen] ---its like the same ground except it got SPLIT UP.
-----------------------HOW DID CCZ in farming in miss it? I said years ago that this was THE lithium and
KDNC had it to themselves as they could buy more of Litchfield but LET IT GO!!! Aaarg.
EV_Bull on LSE KDNC has just posted at 11am+, 6 July 2023, a research note on KDNC from Edison.
Re: Evergreen:
"Prelim analysis of ANT surveys indicated MULTIPLE L A R G E scale potential pegmatites targets at Bynoe which is located continuous to CORE LITHIUM [ASX M A R K E T CA P : A$1.8 B I L L I O N] Finiss project [30.6Mt at 1.31% Li20]."
ANT can do imaging to 500m [blind].
KDNC owns 8.7% with a current mkt VALUATION of £2.7m. A further £1.86m shares in Evergreen are due if milestones are met.
Comment:
I recall KM said at the time, they have to decide on AMAPA iron ore or AUSTRALIAN lithium ie Litchfield and they chose Amapa. Now, in the June 2023 interview with Alan Green as below, I think KM has seen the light?
------------CANT AGREE WITH KM RE: HARD ROCK LITHIUM IN EU DREAM.-------------
I say Australia is better and its easy to pick up LITHIUM ACREAGE NEAR THE LITHIUM CORRIDOR -CURRENTLY HOT IS THE MT IDA REGION where Gina Rinehart has JV into Mt Bevan for lithium. The story about Mt IDA is really wild. Red Dirt ,renamed Delta Lithium bought Mt Ida in Western Australia, a legendary mine for iron ore. Red Dirt did due diligence and found OLD DRILL CORES RICH IN LITHIUM SPOD and the rest is history. Red Dirt went from 5c Aussie in 2020 to current 86c Aussie, MKT CAP A$445. Mt Bevan is ALMOST ADJ MT IDA NORTH.
This is the new lithium power corridor.
LOOK AT CORE LITHIUM and the mkt cap as above.
All just discussion as its history now.
Thur, 6 July 2023.
As DM used to say, one can find XYZ near a known deposit sort of thing.
AMAPA IRON ORE, BRAZIL
Kiran Mozaria [KM] said that the technical study has to be done as norm. Also, it needs a social licence.
As to why the stockpile has not been sold , it is due to the BANKS. Reason: Amapa iron sells for less than higher quality iron ore from Amapa region and if I heard correctly it is $10 less.
KDNC : Talking to JV partners. Only 3 outcomes ie trade sale, JV or develop.
SONORA LITHIUM, MEXICO
KM thinks the stance has soften [there was nervousness]. Interesting that KM said IT WOULD HAVE BEEN DEVELOPED if not for the policy. He mentioned Ganfeng given they are in charge.
EVERGREEN
It has now been listed and there has been an uplift of 3x if I heard correctly.
THIS IS THE LITCHFIELD lithium project etc [3 in all from recall] near Core Lithium in the Northern Territories, Australia.
I looked last night and the mkt cap of Evergreen was A$30m.
KM mentioned there is a lockup.
EMH -Cinovec
Still have % as an investee co.
HASTINGS-Australia
KM said their share price fell.
OTHER PROJECTS
Alan Green said project must be coming to his desk and KM said yes.
KM said : HARD ROCK LITHIUM but in a ...jurisdiction , think he mentioned Europe.
Comment: In the interview, KM was very clear about KDNC and what it does ie INVEST IN EARLY STAGE exploration where the UPLIFT in sp is at this stage.
Clearly, he is cognisant of what happened with SONORA and the wild days of REM when it invested in Sonora.
---SO, KM NOW AGREES.
---SO, KM HAS ALSO SEEN THE LIGHT IE THE LITHIUM SECTOR.
--Why CCZ rejected KDNC/s Litchfield is a puzzle to me as it would have lifted their share price but now it is spun out and listed as Evergreen on the Australian ASX.
--I said that IRON ORE is a rather volatile commodity ie price and hence KM said the banks may not want to sell at these prices for the Amapa stockpile.
--SO, KM HAS FINALLY SEEN THE STRATEGY IS AS AN INVESTMENT CO, which is the objective of the co and set up as such. That is why KDNC does not qualify as a AIM tax scheme for IHT still?
----WELL, KM MUST KNOW THAT TO PRODUCE RETURNS LIKE REM [old name for KDNC], they will have to find something large. So, if I am hearing correctly, Amapa may be JV if they can do a deal and that means the interest can be divested as norm for any investment co strategy? Sounds like it from the last part of the interview.
But have a listen as I could have heard it wrongly?
6 July 2023. Sorry for typos as I am not editing. Got to run.
Came to provide a summary of what is happening post REM under DL.
I take it no news is good news!!
I keep telling myself that one day this share will
Help Me retire
Part II:
Please note that SONORA lithium is NOW NATIONALISED BY MEXICO.
No one knows what is going to happen to Ganfeng's takeover of Bacanora nor REM plc's 30% JV stake in the Greater Sonora lithium project.
So, please bear that in mind and re-check about the nationalisation and that Mexico has set up their nationalised Mexican lithium co in recent day.
Sat, 23 Sep 2022.
I am just posting history now.
"Mexico VALUES S o n o r a Lithium at $ 6 0 0 BILLION."-Mining.com just out.
https://twitter.com/HC_Haplo/status/1573199695085699073 Sat, 23 Sep 2022.
The Mexican govt has valued Sonora at $600 B I L L I O N [US$]!!! In the article, it said that the Mexican govt is looking for partners to develop. Also, for clay lithium deposits, no commercial production has been known yet.
--
I came back to post the above. Why?:
[1] REM plc was all about Sonora Lithium in Mexico. Chairman David Lenigas took a shell co on AIM and renamed it REM plc. REM plc's sole concentration was lithium. On Twitter, David Lenigas said Sonora was Saudi Arabia of lithium which is history now.
So, was he right? Looks like it. US$600 billion is mega money given few resources are into the 3 digit billions.
BUSINESS TWIST AND TURNS - HISTORY NOW
REM plc [old name for Cadence Minerals -KDNC] got into lithium with Bacanora Minerals then with a Lord. Bacanora was listed in Canada and the rules were different to London ie lower
% needed to mount a takeover. Bacanora then listed in London. Bacanora leaked out that REM plc wanted to take Bacanora over for £1 and RNS'ed it. Bacanora rejected the REM bid saying it under-valued the co.
With the passage of time, it was difficult to get funding with all the to and fro. David Lenigas got a contract with TESLA but then it was withdrawn. In very recent times, Lenigas said that the BOARD rejected the TESLA deal. On London South East REM which still exists, I posted a Seeking Alpha article which stated that if the TESLA deal went through, it would have been easier to GET FUNDING. Seeking Alpha also said that Lenigas got a SCOPING STUDY done with NPV so as to show REM shareholders VALUE of their JV [30%] in the Greater Sonora area. It is known that any project without $$ means it is considered just a LICENCE area etc.
Those who were enthused with REM were called this and that. Today, I come back to provide the MEXICAN GOVT'S VALUATION and it is far more than I ever imagined it. I think on this thread, I did an expolation from NPV of the Greater Sonora area and even then I could NOT come to US$600 BILLION.
If you follow the story, a few days ago, the Mexican govt has set up their NATIONALISED CO for their lithium.
As one knows, where there is a GREAT PRIZE, there are lots wanting it.
So, what about Ganfeng and Sonora now? Ganfeng took over Bacanora at 55p approximately without the free share in Zinnwald from recall but kindly check.
As one long timer said, IF REM plc had take over Bacanora, it would have been in PRODUCTION and therefore history could have been different.
Yes, there were many twists and turns. Lenigas and his Lordship - who knows who his Lordship wanted Sonora to go to?
As for the party, well at the height, REM plc went to 2.25p @£90m mkt cap. So, 5p party would be around the £200m mkt cap area. Many are far more than this in the lithium space.
SONORA IS NATION
What Lenigas is tweeting: The Sonora project [ex BCN] has been taken by the govt from the Chinese. To check: https://twitter.com/DavidLenigas Sat 23.4.22
BEFORE THE LOWER HOUSE VOTE ON LITHIUM NATIONALISATION
The implied prior rule was that many firms overseas are NOT DEVELOPING the lithium licences but merely holding them for "SPECULATION." So, those that started, COULD BE EXEMPT. So, by CLEARING LAND etc at SONORA, the big cheese may have thought this is enough but clearly isnt.
INTERNATIONAL ARBITRATION
Even if it could go to international arbitration, the compensation if there is a win will not come to HUGE amounts as NOTHING HAD BEEN STARTED ie mine selling lithium etc but merely clearing land etc. International arbitration takes a LONG TIME.
STRATEGIC ASSET -LITHIUM
This was mentioned by David Lenigas's tweet today ie it is now classed as a strategic asset of the country but this was NOT SO at the TIME. So, one for the legal beagles.
BACANORA LITHIUM PLC
Still exists in this form with only 2 directors ie P.S , CEO and Director from the Chinese side. Others have resigned like Hohnen.
CHINESE
They will be asking as norm what happened - the big cheese from Sonora will have to provide an answer no doubt?
DAVID LENIGAS
As I said, Seeking Alpha [see REM forum on this site] said that the TESLA DEAL was helpful and could be used to obtain FINANCE for the mine given there is an OFF-TAKER.
Also, Seeking Alpha said that DL/REM plc did a SCOPING STUDY TO SHOW NPV ie to show shareholders of REM plc [new name KDNC] of the value of the project. The scoping study showed the NPV DOUBLE that of Ventana, Sonora [BCN].
Well, history shows the shareholders of BCN were NOT in favour of the TAKEOVER of BCN by REM plc at £1 [Chinese offered less in the end relating to the t/o of BCN].
As Observer842 stated, if REM plc had taken over Sonora, the MINE WOULD HAVE BEEN BUILT and the rest history because if taken, then BIG WONGA HAS TO BE PAID [EMH not nationalised or taken for this reason as the head of state and politicians discussed on radio etc that the international arbitration compensation would be huge given they had lost 1 case before so they know 1st hand].
Also, if the MINE was up and running, harder to take it over as cant say that firms are holding on to the licence for "speculation."
I am sure this weekend, the Chinese will be asking the big cheese what happened?
TESLA
Now, the Chinese are said to be wanting to sell lithium from Sonora to TESLA over the border. SAME PLAN AS DAVID LENIGAS WHO ACTUALLY DID GET THE OFF-TAKE FROM ELON, TESLA. But Lenigas recently said, THE BOARD REJECTED THE TESLA DEAL.
Posting for the accuracy of history.
Sat, 23 Apr 2022.
All in the public domain now and public info and HISTORY. Sorry for typos, errors as rushing off.
Mr Lenigas has tweeted on this subject matter of ex-BC N & Sonora [KDNC JV with BCN at Sonora].
Sat, 23 Apr 2022.
concessions for which are currently controlled by Chinese firm Ganfeng."- 1 hrs ago, Thur, 21 Apr 2022 @11:10pm.
https//twitter.com/fronterasdesk/status/1517246797445361664
It was stated that the CONCESSIONS AT SONORA ARE BEING "REVIEWED."
---------------------------
A/c to a big Mexican publication, Ganfeng is "EVALUATING" their situ in light of the new event.
Cant read as its on subscription.
Evaluation usually means legal consultation as to the law and the agreement previously relating to strategic asset etc. Maybe also seeking financial advice etc.
Wed, 20 Apr 2022.
Ref: Mexican lower house re: lithium etc.
I have just posted on BCN forum relating to Sonora [KDNC JV with BCN].
I quoted what Observer842 said. LoL.
See what ya all think of history of Sonora now and to come and what was during the days of REM [old name for KDNC].
Wed, 20 Apr 2022.
I saw them last night. Juan Z, the lithium economist has just posted also.
Sometime ago, I posted that Ganfeng said they will set up a private co after the BCN takeover. Apparently, at Companies House, BCN plc still exists and has NOT been wound down? All the directors eg Hohnen have gone and only Secker remains with the Chinese Director from Gan.
I can only reasonably conclude that they may have had legal advice to leave the entity as it is due to the events happening and not to make further moves for now. REM Mexico Ltd is also still in this forum and current.
Interesting.
Wed, 20 Apr 2022. @2:55pm
I have just seen jimb2 latest article on the main KDNC stock forum.
I have not seen Kiran Mozaria 's video interview today but I saw the subject matters eg Sonora.
I am wondering how all this is happening, LoL, when the JV partner @REM Mexico has NOT been consulted? REM Mexico does have a minority stake in the Stage 1 and then 30% JV.
Gan's offer to sell a stake in Sonora to Tesla, GM and Ford has to legally INVOLVE REM Mexico, that is, they have to speak to Kiran Mozaria, CEO, KDNC.
Anything mentioned by Kiran Mozaria in his interview?
Thanks. I also found out that KIMBAL MUSK has been to SONORA in 2018X?
Thur, 14 Apr 2022
and you @Barksy1,
more reporting suggesting Ganfeng will keep the concessions:
after months of the press covering AMLO nationalizing lithium and the question of Ganfeng's position, there seems to be more reporting that Ganfeng will keep the concessions -
https://www.elsoldehermosillo.com.mx/analisis/conversatorios-mineros-litio-ya-tenemos-los-datos-8135912.html
In clear data, the President's lithium nationalization proposal will mean that no one other than Bacanora Lithium, owned by Ganfeng Lithium, the Chinese lithium giant, can extract this mineral and how the President does not give us the lithium data from Sonora,
This could be a very interesting weekend ahead and regardless of the outcome Ganfeng appears to be free to develop the concessions, hopefully, this will get plenty of press coverage.
“I am confident that they will vote freely and rebel. And I call on that to reveal themselves to be genuine popular representatives and not employees of vested interest groups. Let them not be traitors to the country. Let them have the arrogance to feel free,” said the Chief Executive during his morning conference on April 5.
In addition to this, Sergio Gutiérrez Luna, president of the Board of Directors of the Chamber of Deputies and legislator of the cherry party, reported that the session where the Electric Reform will be discussed will take place next Sunday, April 17
#####
KM share purchase
Andre Suckling Benchmark Minerals twitter photo with Simon Moores
Ganfeng openly offering JV's and investment from the US in Sonora
Coincidences?
Cheers Jim, have a great Easter :)
@Barksy1,
Great news again going into the weekend break:
Enjoy – Sunday should be interesting but it seems Ganfeng will not be affected!!!!!
Firms with active lithium mining permits, such as China’s Ganfeng Lithium, will not be affected by the nationalization plans, the government has said while pledging not to issue any new concessions.
Pinch yourself we have 30% JV’s in probably the world’s number one lithium resource.
https://worldnewstimes.com/amlo-prepares-to-nationalize-lithium-should-traitors-reject-electric-reform/
You really don’t want to be out of this at weekends!
We could be on the verge of a company making a couple of weeks if Ganfeng makes a move or US carmakers are reassured Sonora will now go ahead.
News , think we need the brakes on until Mexican government declare their intention officially . Another meet on Sunday I believe .
in its Mexico project to secure supply."-Stockhead.com.au, 11 Apr 2022.
"Ganfeng says its open to SELLING A STAKE in its Mexican project to EV MAKERS
TO CREATE A N OR TH AMERICAN SUPPLY CHAIN FOR BATTERY RAW MATERIAL.
..together with INVESTMENT, could have an OFF-TAKE AGREEMENT WITH THEM."
To read, call up the title.
This Australian article is CLEARER and from Ganfeng themselves via quoting the top cheese.
LoL - THEY ARE GOING TO ---------S E L L ---------A STAKE TO EV MAKERS --TO CREATE A NORTH AMERICAN SUPPLY CHAIN ----AS WELL AS OFF-TAKE!!!
Does that mean the BCN part at VENTANA or DOES GANFENG MEAN THE GREAT SONORA LANDS [JV WITH REM MEXICO/KDNC 30%]. Not clear but the whole of BCN now belongs to Ganfeng anyway.
Barksy1
Better tell everyone before there is a chance .....for a surprise.
Plans now laid bare. BETTER TO LET DL AND KIRAN KNOW VIA TWITTER.
Now only is it TESLA now.
G wants FORD & GM.
That is HUUGE - the biggest American EV co's.
DL does not know yet about how G is SEEKING WONGA -INVESTMENT FROM TESLA, FORD AND GM NOW. -------------------------CAT OUT OF THE BAG FROM G THEMSELVES--------