Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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anyone got a link to NEX bb,
I think I'll dig out an Enigma engine and squirt some three in one oil over it to see if I can find the link?
Just for this bb,
when I first watched the video it had around 17,500 views -- now 24,000 +
where do you get market intelligence like that for free?
GLA
I've posted this link on EMH and KDNC, will do so on BCN
Highly recommend you take a look, it seems to cover where we are and why as well as how things might pan out,
https://www.facebook.com/thePDAC/videos/821204668227845/
link via Simon Moores on twitter
I'm happy to chat about REM/KDNC on here for tonight.
Since REM-KDNC^s PICASSO lithium asset is NEAR the high profile Bald Hill Lithium mine, Western Australia, maybe the Proactive Investors Australia interview with their CEO may offer arm-chair insights?
Link: https://www.youtube.com/watch?v=4SnlO7Dk2rg dated 15 Jan 2019 [Off-takes etc]
On-topic for industry news of REM-KDNC*s neighbour.
Tues, 5 Mar 2019
Lithium Technologies Pty Ltd & Lithium Supplies Pty Ltd - the vendors of 3 Australian lithium assets sold to REM-KDNC per RNS of 4 Mar 2019 are listed on Bloomberg as:
"Sector: Financials"
"Industry:Asset Management"
"Sub-Industry:Investment companies."
Note: It is on open file and free to read as it comes up on search. Please check. Question answered.
"Fraser Institute Annual Survey of MINING CO*S 2018 is now out. WESTERN AUSTRALIA ..We now RANK as the 2ND most attractive JURISDICTION in the W O R L D for mining." 7 hrs, Tues 5 Mar 2019
https://twitter.com/Artemis_ARV/status/1102768110388502528
Comment:
REM [new name KDNC] acquired 3 Australian lithium assets include PICASSO, NEAR High Profile Bald Hill Lithium mine, WESTERN AUSTRALIA.
On-topic. So, Picasso appears to be in a No2 world mining ranked jurisdiction.
"Australia - One of the LARGEST producers of lithium accounting for nearly HALF of WORLD SUPPLY.
Predicted to g r o w at 12% from 2017-2024, demand for the rare metal BOOMING."
4hrs ago, 5 Mar 2019
https://www.quarrymagazine.com/Article/9019/Wheel-loader-boosts-lithium-production-at-WA-mine
"Wheel loader boosts lithium production at WA Mine.-Quarry Magazine
Comment:
The news that REM [new name KDNC] is acquiring 3 Australian lithium assets is best looked at what is the position of Australia in terms of lithium producer world ranking.
This is a MAJOR change so for history, it is right to record the START of REM with Sonora [BCN] and now the potential for their own up to 100% projects in Australia [RNS 4 Mar 2019]
Tues, 5 Mar 2019.
On Twitter, someone tweeted me re: REM. Its too open on Twitter to reply. So, since it is about REM, I replied here.
I do not intend to post much longer as I am just completing the change in strategy of the co per today*s RNS.
It provides a historical perspective.
Here is the working link:
https://corelithium.com.au/finniss-lithium-project
May I ask why you continue to post on here rather than on KDNC? I'm certain your great research and summaries would reach a wider audience over there. I know I hardly ever look in on this board any more. I'm quite surprised it hasn't been deleted or marked as read-only by now.
KDNC LITCHFIELD LITHIUM PROJECT, NT, AUSTRALIA today*s RNS, Mon 4 Mar 2019
NEXT DOOR to Core*s Finnis Lithium project.
"Core is proposing to develop ONE of AUSTRALIA*S HIGHEST GRADE lithium resources at the Grant*s deposit & highly prospective BP 33 deposit, both of which are integral components of the Finnis project.
...substantial infrastucture advantages, grid power, gas and rail within easy trucking distance by sealed road to Darwin port - Australia*s nearest port to Asia.
https://corelithium.com.au/finnis-lithium-project
Comment: Wah!
Picasso Lithium project NEAR High Profile Bald Hill Lithium mine - KDNC PLAYED A BLINDER!?
"Tawana gains $40million backing Alliance merger , BALD HILL MINE pickup."- Proactive Investors Australia [2018][Overview]
Quote:
"Ball Hill Lithium Western Australia is a DRAWCARD for Tribeca LENDERS. Low in magnesium, iron and mica, it is HIGHLY SOUGHT AFTER by lithium converters. Bald Hill LITHIUM will ultimately command its OWN PRICING."
https://twitter.com/LONDONAIMCAP/status/1102678098825355270
Tribeca Natural Resources Fund is a well known fund and is also an investors in DGR, Solg*s mother co.
From today*s RNS, Mon 4 Mar 2019, it appears that KDNC [old name REM] is morphing into an Australian exploration co: "Cadence Minerals acquires lithium mineralisation a s s e t s in Australia."
1)Picasso Lithium W.Australia NEAR High Profile Bald Hill Lithium Mine belonging to Alliance Minerals [A40:ASX] with a Mkt cap of A$248m @19c. "Alliance RAISED $40m to develop Bald Hill and lithium assets in the zone - that underlines the Opportunity & UPSIDE for Cadence."-Kieran Morzaria, CEO, KDNC [Cadence]
2)Litchfield Lithium project, near Darwin, N.T, Australia NEXT DOOR to Core*s [CXO:ASX] Finnis Lithium with a Jorc of 2.7m tonnes. CXO Mkt cap of A$40.27m @5.8c.
3)Alcoota, Alice Springs, NT, Australia - geo chem assays had returned 10.25 & 9.6% of lithium suggest a pegmatite zone...
KDNC [REM] INVESTMENTS:
4) MacArthur, Canada - Lake Giles Project, Western Australia. Mkt Cap C$16.77m @0.55c.
KDNC owns 10% of MacArthur. [Roughly = £1m to KDNC, Mark to Mkt]
5)Auroch [AOU:ASX] - South Australia*s Adelaide Geo syncline over 2% COPPER, 20.4%, 15.25%, 8.55% & 5.52% copper, 1 K M l o n g. Mkt Cap A$6.13m @0.061c.
KDNC owns 6.6%.
6) Yangibana 30% JV with Hastings Metals Technology - Rare Earth project, Australia
Hasting*s Mkt Cap: A$108.9m @14c.
WESTERN JURISDICTION
1) Licence NEXT TO Kvanjfeld, World Class rare earth project, Greenland belonging to Greenland Minerals Ltd on ASX.
LEGACY INVESTMENTS:
1) KDNC has a 4.89% stake in Bacanora plc [LON:BCN], Mkt Cap £24m @18p - Sonora World Class Lithium, Mexico
+JV. [RNS 1.3.19]
2)KDNC has a 19.1% stake in European Metals Holding [LON:EMH] Mkt Cap £25.6m @17.5p [RNS 28.1.19]
So, roughly if say at 25% total stake in BCN & EMH @£50m comes to approx £7.5m [Mark to Mkt on the open mkt]
KDNC*s Mkt Cap today, Mon 4 Mar 2019 was £7.85m @0.1p.
So, the BCN, EMH stake = £7.5m and MMS [MacArthur] £1 appox = £8.5m without taking into a/c Auroch.
Comment:
Australia is a lithium exporting country and the mkt cap and funding metrics is advantageous [see K. Morzaria*s comment in today*s RNS re: Picasso and Bald Hill as above].
Australia is also a Tier 1 jurisdiction.
News, Mon 4.3.19
DYOR.IMHO
The RNS today re: Australian lithium news as above appears to be a Strategic Change since the rejection of REM*s takeover offer of 88.5p for Bacanora [Sonora]. The lithium assets can be owned UP TO 100% and as the CEO said today in the BBR Media interview, KDNC*s destiny is in its control [para phrased so please check].
So, in the days to come, one will await further developments. On Twitter, I have posted more on Bald Hill and the shortness of time from drilling, PEA and development of mine plus the metallurgy is simple processing etc.
REM, now renamed KCNC tweeted this morning: Mon 4 Mar 2019: RNS-
"Acquisition of lithium assets in Australia in region with proven lithium mining and supportive mining infrastructure."
Link: https://twitter.com/CadenceMinerals/status/1102469273174323200
Highlights::
Acquisition of 3 prospects in Australia namely:
1)Picasso near Alliance Mineral Assets [ASX:AGX] h i g h profile BALD HILL in Western Australia [50-50% merger with delisted Tawana Resources Resources and raised $40m to develop the asset base. Bald Hill is producing a spod concentrate and has a JORC...resource of 26.5Mt @0.96%, probable reserve ore at 11.3Mt@1.01% Li20.
2)Litchfield project, near Darwin NT-See details.
3)Alcoota, NE of Alice Springs, NT- " "
Comment:
Background of REM: The Founder first invested in Sonora Lithium in Mexico via BCN. REM then went on to takeover BCN at 88.5p but it was rejected [details in recent posts]. REM had both direct and a JV to Sonora & BCN.
The 2nd investment was in EMH, Europe*s largest lithium project in Czech Republic, again a 20% stake [+-] in the Czech Republic.
Both of these investments are awaiting both a funding and funding to come+ other events as per RNS.
Today*s KDNC*s RNS [old name REM] relating to the 3 Australian lithium projects which they can take up to 100% in stages [see details in the RNS] means a NEW BEGINNING for REM in a TIER 1 JURISDICTION.
It appears that the Founder*s [D.Lenigas] signature ie to be as close as possible to a discovery/mine lives on? Eg in ARV, Armada is next to Havieron [GGP] in Western Australia wherein DL was Chairman ETC.
So, it appears to be a new beginning for REM ie the co may be able participate up to 100% [staged] in the 3 lithium Australian projects which is a STRATEGIC CHANGE and no longer dependent on others ?
This concludes the original beginning and what appears to be a new beginning for REM, now KDNC [Cadence Minerals]?
Mon 4 Mar 2019.
News
No need to post further under this thread. The history is complete and the start of KDNC [old name REM] in Australia as per RNS today.
I have just finished looking at some articles:
1)"Bacanora secures $150m financing from Red Kite for lithium project."-Financial Times, 5 July 2018
Cannacord said the co will still require a further $300m funding. Numis also said so and that "uncertainties remain."
2)VSA note [40pgs] dated 13.12.18 saying that the share price of BCN is down 76% year to date as "weak lithium sentiment has driven lithium equities lower globally & BCN*s performance compounded by the pulled financing."
The share price quoted in the VSA note was at 26p. Current BCN price on Fri, 1 Mar 2019 was 18.75p with a market cap of £25m. VSA T/P £.1.15 at the time.
3)Bacanora [BCN] RNS: Interim results 13 Feb 2019. Per Secker, CEO: "Lithium pricing ..under significant pressure in the calender year 2018 with concerns about a COOLING Chinese mkt and NEW SUPPLIES COMING ONLINE."
Secker goes on to say that the Sultanate of Oman,RK Mine, Hanwa, Cannacord & Citi are working on the funding [para phrased so please check the exact wording."
He also added: "The 2ND HALF of this year will not just see us look to FINALISING the FUNDING package for Sonora."
Holding RNS: 13.12.18-Blackrock of the USA reduced their holding from 9.96% to less than 5%.
Cadence [KDNC] have also reduced their holding via 2 BCN Holding RNS.
Comment:
The said VSA said note stated funding H1 2019. So the BCN Interim RNS is the more updated
As I said, I have NO view as I posted what was history.
It is obvious that the funding is subject to an ACTUAL AGREEMENT per the above Interim Results RNS as this is factual.
I have today posted the FT article online and the 40 page VSA note if anyone wants to have a look at the overview.
So, what I posted as a historical account is BACKED up by the FT article [Cannacord & Numis comments], VSA note and straight from the horse*s mouth ie Seckers.
As I said, it is widely known and the reason for the share price action of BCN which does reflect on KDNC since they hold a direct interest via BCN shares + Sonora JV.
Sun 3 Mar 2019.
Typo: Is known to the financial mkts.
By the way, the few posts on the REM story [history now] was posted on the weekend [mkts closed].
Nothing I have said is NOT known to the financial markets. So, it has been already PRICED IN to the BCN stock price, hence the mkt cap has gone to the £20+m. It has a cheap mkt cap for a reason ie funding event.
At the time when DL was in charge of REM and the takeover offer of 88.5p was made to BCN, there was never any article that said that it was not "viable" etc.
So, the ball now goes to the BCN court.
As for the gentleman that tweeted me and another person, these are the perspectives of the time and evidenced by the BCN RNS & REM RNS. For anyone who cares to read, the BCN rejection of the REM takeover offer of 88.5p is the more detailed. I have given the dates so it can be checked.
Well, this ends the whole topic of REM.
Sun 3 Mar 2019.
9 hours ago, Mon 3 Mar 2019.
"Chile*s plans to hold 1/6 of its 2019 lithium production OFF the market as a RAFT OF PROJECTS COME ON STREAM WORLDWIDE. It will only sell just under 50,000t with the rest being used to build a strategic inventory to have more flexibility." -Amber Mining with embedded article https://twitter.com/AmberMining/status/1102010745951318018
Comment:
Lastly, I provide backup about a general known about demand and supply. As the poster jimb2 said last night, REM or KDNC*s BCN should BE SHIPPING BY NOW.
With hindsight, if BCN had been taken over under DL, it could have made it to the point of shipping [?]provided that funds could be obtained before the financial window closed as explained by addicknt this morning etc.
Mon, 3 Mar 2019
This is the conclusion to the PAST history of REM now KDNC.
on KDNC [new name for REM]:
Quote:"LONG TERM PERSPECTIVE"-
"I was one of the EARLIEST investors in this co having been a shareholders of the co that effectively became REM.
"The financial markets are wilfully SHORT TERM and are REFUSING TO BACK NEW PROJECTS.
"With regards to the financial mkts, I should have KNOWN beter, particularly my work experience."
"I am out of BCN [again] and I will only RETURN ONCE FINANCING is in p l a c e."
"This has been a costly MISTAKE on my behalf but it was MY OWN MISTAKE and I DONT BLACK OTHERS."
Comment:
REM is being discussed pre and post REM and that involves the co*s principal asset at the time ie BCN.
I am quoting addicknt here so that there is a balance of what early investors*s investing position was and going forward. This is from the financial mkt experience point of view as seen above. Other major holders have also their opinion as follows:
The post of "Ivybush" @7:49,3/3/19 at KDNC [old name REM]: "@addickt a "hairshirt" but rational assessment. With benefit of hindsight your comments view my own position, I GOT IN TOO EARLY. "
"BCN IS A CONUNDRUM and has CONSIDERABLY AFFECTED VALUE IN KDNC-HENCE FALL IN SP."
Posting on-topic for REM as a balance to what I said earlier to addicknt and ivybush. To check, please go to Members and type in the two posters name and their posts can be read in full.
That ends this discussion. Others will have other opinions but from the financial view, the above form what has HISTORICALLY HAPPENED.
The future of the co*s are NOT discussed as that is something no one can say with 100% certainty.
DYOR. IMHO.
By the way, I posted about REM after one person tweeted me openly about REM.
It was about a London party and AGM*s etc re: REM and DL talking about news.
I did not want to answer on a public forum so I posted the history of REM here and this is in the RNS as above.
I do not attend London REM parties or London REM AGM*s so I have not got the least idea of what it is all about.
I do know that DL talked about a chess move and we all managed to figure it out then ie that there could be a merger and REM to takeover BCN.
Well, that did occur. The REM RNS is not as stark as the one BCN issued and it can be read in that they were offered 88.5p.
Well, that was the "NEWS" so maybe this investor is not aware?
Not sure so decided to post the history of that takeover by REM. No point posting on KDNC as it was to do with REM then.
Hope that clears up matters. I thought I would answer it here at the right place ie REM. History now.
Tomorrow, I dont know. The people in charge are not very talkative?
3 Mar 2019.
News.
What I said about the 2 assets is for the time up to now and the correlation with the share price.
If you look at a stock on ASX like DGR, the mothership, it also mimics an exploration mining fund. The share price moves with the price of Solgold which is its biggest stake. It is in every quarterly report that Solgold is their biggest stake ie at around 11%. This is via observation.
The market will not value the NON-QUOTED investments of REM plc as there is NO market for the stock ie cannot be sold at a moment*s notice on the open market for £.
So, everyday, REM*s share price will be weighted against the 2 largest holding ie Bacanora & EMH. The rest of the portfolio is too small at this time to make any impact unless one of them turns out to have found a monster find.
It is NOT easy to be able to find VERY BIG FINDS these days.
That was what DL told investors re: Sonora and Midas said that it could supply 10% of the world*s lithium then from recall. Please check by calling up the article in one of the posts on this forum.
What happens tomorrow?
Ah, that is left to be seen. However, anyone wanting to look in would get the perception that these two are not very friendly from the RNS*s? On hindsight, REM offering to takeover BCN at 88.5p is not so undervalued now given the share price is around the 19p mark.
Every day is passing by and NO sound with regards to FURTHER PROGRESS.
I note Blackrock has sold some if I am not mistaken.
I am recording history only here and NOT making forecasts for the future which I do not know. However, one cant invest on a wing and prayer. The money is forthcoming or not forthcoming?
As you are aware, there has been ho ha from one Tony ... and apparently he turned up at the forum. So, for those reading the REM RNS*s would know that DL vision was to take over BCN and that resulted in an actual OFFER. BCN let the cat out of the bag.
If it came to the vote to accept or not accept, then it is up to the BIG holders to decide. Big holders would want to know more as a matter of course from DL as to how he is going to take it forward esp funding.
I was aware then, that when the offer was rejected outright, it was a fair offer [M & A would have worked on the figs]. True isnt it today ie the fullest value?
Seasoned investors are now becoming cognisant that time is passing by. By now, the mine should be shipping per jimb2, an old timer who is aware of the REM RNS*s and takeover offer etc.
Nemaska news is all over Twitter and everyone knows that funding is hard to obtain. That is the backdrop. So unless one can pick up the phone and call Gina and she knows or is willing to speak to the person, then it would be rather difficult to look for $400m. Robert Friedland has a Tier 1 copper project in DRC-he was offered $400m for a large % from the Chinese. Did he show them the door. No, he did do the JV. He lost a bit of £ but still has some £2 billion+ from recall. His name opens doors. Point.
Hi News, just wanted to thank you for your ongoing research and thought provoking posts. Both our major assets rejected funding help as you say......seems beyond odd...unless they have it already sorted somehow. One things' for sure, our sp ain't moving until the big reveal.
Look forward to your next assessment.
I end the story of REM with:
EMH - REM or KDNC [new name] had some 20% in Europe*s largest hardrock deposit.
Krupa Global Investments has $2 billion under management - they approached EMH twice but read the answer from EMH = NO and no further discussion = End of? [Latest RNS]. These days, its the soft approach but still no.
So, the record is playing for the 2nd time?
EMH*s mkt cap is also akin to BCN at £25.66m @17.5p [Fri, 1 Mar 2019]. EMH 52 week low 15.5p and high 26.5p.
Well, any wonder why the REM share price is what it is since the historic value of REM came from these two world class lithium deposits?
Not sure what happens next? TIME IS RUNNING ON. If new supplies comes on, then the demand - supply curve changes again.
All in the RNS*s of these two co*s so facts that can be checked.
Sat, 2 Mar 2019
That*s the historic story of REM.
News