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Started: news, 1 May 2024 14:03
Last post: news, 3 May 2024 12:08
Rincorn on ASX has climbed 50% last night on the West Arunta drilling going on. David Lengias is now in Australia and has done an interview as he said with Market Bull, Oz. The sp has jumped 68%, 20%+ for the last 5 days without fail except for 1 day. Fri, 3.5.24
One exploration geo on HC, Australia said that for DL, he may hit it right. So, one never knows with exploration as it is about the RESULTS of the drill and whether it hits mineralisation. 1st hole has hit but 2nd hole results expected. Another 2,000m + drill is in progress and WILL FINISH IN 2 WKS AND RESULTS IN JUNE, 2024. DAVID LENIGAS WORKS FAST, QUICK AND EVERYTHING IS GO , GO AND TIME SCHEDULES GIVEN.
David Lenigas was appointed Executive Chairman of Rincon Resources on the ASX. The stock has been rising every day in the region of 68%, 23% etc. The project is WEST ARUNTA which is an IOCG target. Already 1 drill hole has been done and results known. The 2ND hole is now due for results. THE RIG is now on site to drill another 2,000m. DL works FAST, QUICK. The reason why I am posting on this site is because I remember DL drilling like there was no tomorrow ie QUICKLY, fast and giving update and interviews etc. THE WEST ARUNTA is the "hottest exploration areas in Australia" at the momo. See what Gunsynd says given they have some 1%+ in Rincon, Australian listed. DL TWEETED 12 hrs ago that he is on his way to PERTH, Australia as he has INTERVIEWS LINED UP. Many folks in Britain are NOT aware that NOT all exploration projects have big potential given it need to have big STRIKE ground, grade etc. Why the excitement in West Arunta area? WA1 is nearby @LUNI or Luna prospect which has nobium. WA1 mkt cap is over A$1BILLION AFTER THEIR DISCOVERY. Rincon 's mkt cap is only A$17m. ALL DEPENDS OF THE COMING DRILLING but should it hit , then DL, post REM plc with Sonora could be on to his 2nd win since REM plc. Wed, 1 May 2024. My Comment: This is just to inform that DL is not King Midas, it is the PROJECT that is the KING MIDAS if it hit mineralisation , preferably a Tier 1 target in size, grade etc. LETS SEE WHAT HAPPENS NEXT.
Started: news, 25 Apr 2024 14:46
Last post: news, 25 Apr 2024 14:46
For map of where the manangese project is in AMAPA, at SERRA DO NAVIO, Wikipedia is insightful. Just type Serra do Navio, Wikipedia given it is in Portugese and has to be translated into English.
Cadence Minerals [formerly called REM plc] --AMAPA IRON ORE is with CHINA'S SINOMA INTERNATIONAL ENGINEERING and Sinoma subsidiary is TIANJIN Cement Industry Design & Research Institute. Ref: "CADENCE MINERALS, SINOMA TO DEVELOP AMAPA IRON ORE PROJECT."-Kallanish Commodities.
Comment: SO , IT WOULD BE AMAPA IS A BIG STATE AND CADENCE @AMAPA IRON ORE has nothing to do with LI PING, FROM HK & MANGANESE IN SERRA DO NAVIO as being posted on KDNC today, Wed, 25.4.24?
Yes, No? AMAPA IS A BIG STATE IN BRAZIL AND MR LI PING HAS NOTHING TO DO WITH IRON ORE [DEV & CADENCE JV].
Mr Li Ping is in manganese?
Started: news, 25 Apr 2024 09:24
Last post: news, 25 Apr 2024 09:24
From San Paulo: "According to Ms Dalseco, the ==GOVT OF AMAPA===has COMMITTED TO DELIVERING THE LICENCES
WITHIN 90 DAYS."
"In addition to the iron ore, an agreement with the state gov ensures OTHER TYPES OF CARGO CAN USE THE RAILWAY. it is NOT yet decided whether DEV which holds the concession WILL OPERATE THE RAILWAY or contract THIRD PARTY SERVICES. " [Permits are for environmental permission to activate the railway and mine, a PRE-REQUISITE before CONSTRUCTION."]
Started: news, 25 Apr 2024 09:15
Last post: news, 25 Apr 2024 09:15
"Requests to RE-ACTIVATE the environmental licences for the MINE were submitted to Amapa Environmental Secretariat and the LICENCES are expected in the coming MONTHS. The co plans to reactivate the old Icomi PORT and Amapa Railway. The miner anticipates to produce around -------6 MILLION TONNES OF IRON ORE from the project over a period of 16 YEARS." To read, call up the title. Wed, 25 Apr 2024.
Started: news, 24 Apr 2024 21:38
Last post: news, 24 Apr 2024 21:38
"Experts warn that the RESOLUTION of Ganfeng's conflict with the govt will determine whether MEXICO becomes a LITHIUM PRODUCER in -------------18 mths or 20 YRS.
Peter Secker, CEO of Bacanora Lithium, subsidiary of Ganfeng stressed that IF the matter is NOT RESOLVED THRU THE COURTS --------or thru the creation of a NEW PARTNERSHIP, the PROJECT COULD END UP SOLD."
"Development, construction over $400m. CONACYT IS IN THE FINAL STAGES OF CREATING ITS OWN PROCESS to extract LITHIUM FROM CLAYS @95% advanced. Lithium production is not expected until 2028..CEO Litomx said.
https://mexicobusiness.news/mining/news/ganfeng-lithium-concessions-still-dispute Just out today, Wed, 24 Apr 2024.
Started: news, 24 Apr 2024 12:08
Last post: news, 24 Apr 2024 12:08
Claudia Sheinbaum, a scientist is the President front runner . She is a clear favourite for the June 2 election. Next President will take office on Oct 1, 2024.
"...advances of CONACYT, a/c to the publication on his LINKEDIN." [Amando Alatorre, a Geo specialising in lithium.]
"work on how to SEPARATE CLAY from LITHIUM in SONORA state which is a TECHNOLOGY THAT UNTIL THEN ON THE CHINESE HAD.."
https://www.bnamericas.com/en/news/sheinbaums-lithium-extraction-proposal-raises-eyebrows 19 Apr 2024
-------------------This is about Mexico's SONORA lithium project derived from clay.-------------
Started: news, 24 Apr 2024 01:51
Last post: news, 24 Apr 2024 10:34
Shareholders of Cadence Minerals [new name for REM plc] want to know what will be the CLAIM IF REM Mexico files for international arbitration since SONORA [30% JV with Ganfeng/BCN] has been NATIONALISED. Cadence 's last RNS on litigation was dated 16 Nov 2023. SOMEONE ASKED and the $26 BILLION is therefore interesting to know as S & P Global Market Intelligence data is NOT FOR THE PUBLIC as it is thought to be on a SUBSCRIPTION BASIS for corporates? The NPV for Sonora @BCN/Ganfeng from recall was some US$1billion+ and the same for REM plc's Scoping Study? Kindly check. Mexican govt 's TREASURY OFFICIAL VALUATION IS "UP TO US$600BN." To check , just input this into the search engine but I have posted this on KDNC.PL but this site has also closed but one can access it externally. Wed, 24 Apr 2024.
---------------------INTERESTING CORPORATE TIMES FOR CADENCE MINERALS RE: AMAPA & SONORA.-----------
Rem plc started out with the SONORA lithium project, the largest deposit of clay lithium in Mexico under David Lenigas, as Chairman.
BCN & REM Sonora, Mexico lithium project. Call up the title to check. Most not aware of this value in situ for Sonora.
===}
The article BELOW FOR AMAPA is also not known by many ie what Kiran , CEO of Cadence said about Amapa ie "SEEING EXPRESSION OF INTEREST FROM PARTNERS..."
Started: news, 23 Apr 2024 23:16
Last post: news, 24 Apr 2024 10:28
Interview with Kiran Mozaria, CEO of Cadence Minerals [old name REM plc] dated 1 8 M a r 2024.
It is solely on AMAPA IRON ORE PROJECT, BRAZIL.
In the interview, Mr Mozaria talks about FUNDING the Amapa project and all options kinda of thing covered.
https://twitter.com/StockBoxMedia/status/1774391186838454301 [Re-tweeted by Cadence Minerals on Twitter].
So, this is the LATEST.
But the BNAMERICAS article below dated 11 Mar 2024 is one I FOUND yesterday, Tues, 24 Apr 2024. In fact, PROGRESS re: THE FUNDING OF AMAPA.
Link : https://www.bnamericas.com/en/news/cadence-minerals-negotiates-financing-for-brazil-iron-ore-project BNAmericas, 11 Mar 2024.
"As we remain on schedule to secure the installation LICENCES BY THE END OF THE YEAR, WE ARE SEEING EXPRESSIONS OF INTEREST from POTENTIAL PARTNERS to INVEST into the PROJECT EQUITY FINANCE ELEMENT.
Once completed, the RECOMMISSIONED AMAPA MINE --------CAN ---RESTART ---PRODUCTION, said Kiran Mozaria, Cadence CEO." "Cadence owns 30%."
Forbes Mexico article dated 11 Apr 2023 in Spanish/Mexican.
Link: https://www.forbes.com.mx/asi-sera-la-investigacion-geotecnica-en-las-minas-de-lito-de-sonora/
"Asi sera la investigacion geotechnica en las mina de lito de Sonora."-Forbes Mexico, 11 Apr 2023.
"BACANORA CHEMCO"
"de lito E L S A U Z y F L E U R 1."
The title is insightful but the licence appears to be El Sauz y Fleur 1."
Why am I posting it here.? BACANORA CHEMCO is now the newly formed co between Bacanora Lithium formerly on the London Stock Exchange [BCN] taken over by Ganfeng.
REM MEXICO Ltd holds the licences for above under David Lenigas as Chairman of REM plc.
I dont know if they changed the name but as far as I am aware it is still under the old name of REM MEXICO.
So, news about El Sauz and Fleur 1 -of which REM Mexico owns 30% JV.
Cant read the whole article but can make it out , just out from the main few words.
News, Sat 15 July 2023. Edison recently put out a note on KDNC and mentioned Sonora JV 30% with Bacanora/Ganfeng.
DYOR.
Started: news, 18 Jul 2020 13:02
Last post: news, 15 Aug 2021 16:03
--------------DAVID LENIGAS, Founder of REM plc---------
=HYDROGEN ONE
I have just seen a tweet by Mr Lenigas today, Sun, 15 Aug 2021 saying that he has been asked to run a public listed co called Hydrogen One. He says that hydrogen is the future. Twiggy of Australia [one of the richest men in Oz who founded Fortescue] also is going into hydrogen.
Interesting as REM plc started in lithium for clean energy also.
Sun, 15 Aug 2021.
Just mentioning what Mr Lenigas is doing given he has NOT run any public listed co actively for some time after REM plc.
------------------D.LENIGAS: Valereum----------
Mr Lenigas bought into Valerum PRIOR to the change of name. Mr Poulden who founded VLRM, former name PCGE is also Australian . It was listed on Acquis and only today, it is open on HL but not live price ie have to execute fill or k.
An old-timer on these forums at London South East just tweeted that VLRM has gone up
5 9 T I M E S.
As good as Mr Lenigas*s REM at X 60 TIMES.
Link: https://twitter.com/SteveStubbsy1/status/1405101550586957824 Thur, 17 June 2021
Just shows that one has to CHOSE the right horse ETC. Posting for historical as a success for DL and those who managed to buy at Acquis.
------------------SURPRISED NO PARTY MOOD?---------------
All those LONG YEARS perhaps starting from 2013 of people saying they want to recover their capital put into REM plc after the supposed party [REM] and now that they have recovered their capital, only Barksy1 posted so on Fri 14 May 2021 [KDNC Mkt Cap around £43m @29-30p].
I expected a BURST OF A PARTY MOOD from the RELIEF OF THOSE US. One had to take NO END of .....and its a RELIEF for me NOT to hear any more ......
Mon, 17 May 2021
P.S
So pleased for all the REM^ers who got into REM plc at 0.9p or 1p per their own words posted on KDNC [new name for REM plc]. Pleased for you Barksy1 and all your family and friends that invested in REM plc - Mr Lenigas and board of REM - KDNC did not let REM^ers down -one*s faith in good people is restored. However, from today onwards, NO ONE WILL BE ABLE TO CONTROL the iron ore market and what the next 14 years++ [Amapa iron ore mine once commissioned + extra 24 mths to ship the iron ore stockpile+24 mths to re-commission ] will potend. Forecasts give a clue but it will NOT go out as far as 14+4 yrs to come. Usually, the forecasts are on a shorter time frame.
I have been a few years posting on the London South East forums but I now find it too
tedious to continue as its the naysayers that have a too negative view and on the other side too optimistic. LIFE TELLS US THAT IN BUSINESS, THERE IS SUCH A THING AS COMMERCIAL REALITY. It is this MIS-PRICING MODEL THAT IS IMPORTANT - what is the CORRECT SITUATION OF THE BIZ, HOW MUCH IS THE FAIR VALUE ETC vs the share price and MKT CAP.
I am thinking of taking my leave from posting on the forums to take a break to renew my batteries. The LOCKDOWN PERIOD WILL BE OVER SHORTLY ie May 17, 2021 and given it is SUMMER, I think its time to enjoy the wonderful weather and the joys of summer.
So, if you do check and find that I am not posting, its due to my taking a break. As such, I have also pared down on my investments so that I do not have to do continuous research and keep an eye out for every news and development micro or macro.
With that, thank you and best wishes to all.
News,
Sun, 16 May 2021 @11:55am.
-------------REM PLC: 1 OF THE GREATEST COMEBACK STORIES ON LONDON AIM----------------
Sun, 16 May 2021.
Cadence Minerals plc [KDNC] - new name for REM plc
Share price: 29p, MKT CAP £43.11 MILLION.
52 wk high 31.4p Low: 5.5p.
Referring to my post below, by chance I saw Barksy1*s post on Fri, 14 May 2021 that she is NOW IN PROFIT as a original REM*er. From Barksy1*s posting, I gather some of her family etc also went into the REM investment at the time.
After 7 years of the lithium BEAR mkt, Cadence Minerals has MANAGED to come out and INTO A COMMODITY BULL RUN or rather the start of it.
A blessed escape, one which few have managed. I remember one chap who was not a fan of the Chairman left REM and went into Wor----ton which was delisted. So, everyone knows that AIM is not one for the faint hearted. Hence, in my experience only, REM PLC IS ONE OF THE GREATEST COMEBACK STORIES /CO*S.
It wasnt by CHANCE that this happened given that the Founder did his best to try to inject new life into the co once REM*s foray into lithium did NOT succeed in taking over Bacanora Lithium at £1. So, Mr Suckling was appointed as Chairman and from a metals background. There are different stories as to who introduced AMAPA to Cadence but that is not important now.
From Mr Lenigas*s tweet he had hoped that REM mkt cap would recover to its old situation. This would be around 1p or 0.9p , MKT Cap £47m wherein many bought into REM after the party which I did not attend.
So, effort was put in and that was what gave new life to Cadence Minerals, the new REM plc.
NOW THAT EVERYONE IS IN PROFIT ie 1p and 0.9p holders from the PARTY , it is a time to really share be happy at this comeback of REM plc. It is human to be happy for everyone in this group.
However, I will NOT BE PART OF THE CADENCE MINERALS 2ND LIFE WITH THE AMAPA PROJECT the main stay as it turns from EXPLORER TO PRODUCER. As a producer, it will depend on profitability, iron ore cycles/prices, re-commissioning etc. That is TOO LONG A TIME FRAME FOR ME and I do NOT NORMALLY INVEST IN JUNIOR PRODUCERS OR SOON TO BE IN THE FUTURE PRODUCER [POTENTIAL].
So, I bid farewell - this is a courtesy note to thank you for the goodwill.
WHAT HAPPENS NEXT?
Many said they wanted to GET THEIR CAPITAL BACK. So, whether they do effect this or continue is up to them given what is ANOTHER JOURNEY under KDNC, NO L O N GE R UNDER THE REM SHIP under the Founder, David Lenigas.
As Observer842- I wish you well and at this juncture, Bacanora Lithium has now a possible takeover offer from Ganfeng which has just happened @67.5p. So, whether Sonora has 8.8Mt of lithium or otherwise is NO LONGER of importance given Sonora*s days under the old umbrella may have a change of owners.
News, Sun, 16 May 2021
Page freezing so I will just have to press post without editing.
Started: news, 28 Jul 2020 16:18
Last post: news, 28 Jul 2020 16:18
Acquis Stock Exchange RNS: "Czech Lithium signs value added services agreement with European Battery Alliance leader InnoEnergyEU to support construction f i n a n c i n g & c o m m e r c i a l i s a t i o n of CINOVEC." - Tues, 28 July 2020
https://twitter.com/AcquisStockEx/status/1288110460378595333
Quote:
"Cadence [new name for REM plc] owns 16% of European Metals. Cinovec, the l a r g e s t hard rock lithium in Europe."
My comment:
Posting above under REM plc as this was a D.Lenigas [Chairman] investee co.
As said, I am following progress of REM plc and its original investments.
Started: news, 27 Jul 2020 22:32
Last post: news, 27 Jul 2020 22:32
Link: https://twitter.com/KitcoNewsNOW/status/1287820185055838208
The above is an audio. Posting the above on REM forum - remember when D.Lenigas, Chairman got that contract with Tesla. From my understanding, he quoted in one of his interview about the takeover of one lithium mine for some $400m from recall. Given REM*s mkt cap at the height was £95m at 2.25p, I guess it was the take-out price he may have been hopeful given lithium was a hot commodity then. 5p would be roughly the M & A going price. Alas, the other side had other ideas about Sonora and rejected Lenigas*s £1 takeover offer. That*s from history now and what we had discussed yonks years ago. Historic.
Started: news, 8 Jul 2020 11:58
Last post: cadellin, 16 Jul 2020 16:45
really?
Oh well
Typo:
Should read: "Not known" & "details."
REM was all about Sonora lithium in Mexico. REM wanted to take over BNC who owned Sonora at £1 given that their JV covered a portion of the deposit. This did not take place and that was the start of the share price decline from the £95m mkt cap at around 2.25p.
----
I am posting some of the newer project detailed here whilst we await the next stage. KDNC has now turned round the projects with the AMAPA Iron Ore Project in Brazil via a JV. Sale of tailings is due to start and awaiting procedural events etc.
-----
From an investing point of view, any major inflection ie catalyst has to be taken into account to re-adjust Risk vs Reward profile.
I am posting on this site because NO ONE can say people read this site - only 2 people from REM days know about this site. There is a lot of material out there about REM*s projects.
So, NO ONE would find this dead site given that it is generally not know that it still exists. The only people who found out about this site is B & O.
Wed, 8 July 2020.
I have looked through nearly 20 pages on this forum going back to the time the share price was 0.51p. My name does not appear on this forum as I was of an earlier period ie days when it was 0.04p. That was just after Lenigas has turned a shell into REM. Then, a few posters were here eg Pension Pot, Isdeer, Rose etc. It had not even begun drilling yet. From the 20 pages I viewed, it seems to be light chatter? After REM hit the height of 2.25p, the volume had turned down a lot, hence the chatter was not like the initial days.
Started: MJFMSG, 3 Sep 2019 01:33
Last post: MJFMSG, 8 May 2020 05:09
One day soon this share will not exist . A new name new men on the gate and business as usual , Come on in and start again and i will be history , and many more ,
Only Gardner's having a chat now on KDNC make you throw up
All they are doing is talking about veg/fruit Something wrong with those people on KDNC share i don't believe it ??
I Have only now realised that 90% / 98% of the posters on KDNC / REM , never held any shares and , were posting regular 7/8 times a day pure nonsense Just leading others in the wrong direction The ones like me that got Scalded now don't post much But good luck to the genuine holder's
We will make some money soon [i hope ]
Started: news, 1 Sep 2019 17:38
Last post: news, 21 Sep 2019 16:31
Testing - seems there is a glitch?
Ta Ta.
Started: news, 1 Sep 2019 01:40
Last post: news, 1 Sep 2019 17:23
Kindly note that I have posted on KDNC.pl which is the Cadence Minerals Nex Exchange site. KDNC is the new name for REM plc.
Kindly take note that ALL posts on this REM plc site and on KDNC.pl is now HISTORY AND OLD INFO.
For new investors, they need to CHECK, DYOR AND DO DUE DILIGENCE.
This CAVEAT means that old information is not suitable. So please read the RNS*s etc. NO information should be relied upon and each to DYOR , Check & do due diligence and understand risk profile/s.
News
Sun 1 Sep 2019 at 4:20pm.
I am taking a back-seat BEFORE the opening bell on Mon 2 Sep 2019.
The Amapa KDNC-REM RNS of Fri, 30 Aug 2019 has brought in huge volume of some 319million shares traded in total excluding on the Nex exchange.
Relating to stockpiles of Amapa, Kiran Morzaria has given details further to D.L*s tweet as to time schedules could make a mistake. Mr Morzaria is the CEO of Cadence Minerals plc now and he usually does the leg work eg geo etc.
The Founder merely tweeted the US$60m from the RNS but is not in any position to make the decision on the shipping detail/s as that is KM*s decision and timing.
Hope that the seasoned old-timers who listen to all the podcasts of KM at VOX etc will gently point out what may be quite important to know.
With that , I take my leave.
Now, there are many newcomers to the Amapa KDNC deal and no doubt the largesse can be spread out to others and not to me as I have gone.
News
Sun 1 Sep 2019
I dont want to be stuck all day commenting on comment/s to my post etc. It will never end so I have to take my leave. I have provide clarity on everything now.
As always, CHECK, DYOR and do due diligence.
I have explained extensively that REM plc is recognised as "legacy" investments per WH Ireland in their recent short commentary note via degsie.
Legacy is HISTORY of REM plc.
These legacy investments eg Sonora, Yangibana & Greenland [main ones] plus others cannot be considered KDNC or Cadence Minerals investments - they have to be apportioned to legacy = REM plc.
So, it is befitting for POSTERITY, HISTORICAL ACCOUNT that we deal with REM plc legacy investments which MIDAS 2014 share tip of REM plc tipped [Sonora, Yangibana & Greenland in the main].
For CORPORATE HISTORICAL METHODOLOGY, it is norm to talk of legacy, legacy investments, Founder etc.
It is also part of historical methodology of the CORPORATE TYPE to record a summary and main pivots and also POST REM plc.
That will mean the name change to Cadence Minerals plc [KDNC] of which there is a MAIN forum for that.
Pardon the caps to show the k e y word that is of import that methodology recognises.
The history of REM plc belongs here since the site owners are keeping it on.
Cadence Minerals is run by a different Chairman ie Andrew Suckling who has his own network and specialisms in metals etc.
Kiran Morzaria, CEO of Cadence Minerals is part of the REM plc team.
DL, the Founder said that the Amapa deal is not his on Twitter. So, that is the new deal under Cadence Minerals.
However, history has to record the REM II as it may well deliver or not a come-back of REM plc? Again, norm as I showed the history of Twiggy of Fortesque fame. Fortesque is also Mark II.
The account of REM plc is only for historical account and it helps to give a picture of what was, is and may be to come.
Since some of the old-timers like Observer842 may read this site from time to time, they usually add to or provide some further insight.
There is no more isdeer as he is off to another stock as I said. As for torchy, he*s left. Pensionpot remains to tell the story and there*s me. This we are talking of the first days of REM plc shortly after Zest plc was taken over and used as a shell for REM plc.
Suffice to say, I mentioned and checked DL*s Linkedin and he said himself he did not want the name change to KDNC or Cadence Minerals. On his Linkedin, he still refers to it as REM Plc. Why? The normal reason is that he is the Founder of REM plc and after his time, that belongs to another chapter under a different and new leadership. Again, norm.
I said I wont be commenting to something that is not critical ie REM or REM II or in some quarters may be known as re-visited in another form corporate wise?
Again, only for historical account.
As for MMS, kindly check. I cannot take notes of articles that I have read. If there has been error in the original, then kindly correct if it is deem not accurate to the last 0.00.
For that reason, DYOR and do due diligence. And CHECK.
Sun 1 Sep 2019
News
"TOP 10 BIGGEST LITHIUM MINES."- Mining Technology, 30 Aug 2019
https://www.mining-technology.com/features/top-ten-biggest-lithium-mines/
With thanks and attribution to jimb2 of the main KDNC forum [old name REM]
SONORA IS RANKED NO 1 at 243.8 Mt
Midas 2014 share tip of REM plc mentioned that at its peak production it could produce X % of global supply. So, there is now the proof which is now gone into the ranking order.
Sat, 1 Sep 2019
A befitting legacy of REM plc*s Founder.
I have thanked the Founder in recent days on Twitter as it is also befitting to thank and give credit where credit is due. One or two have done so in their own way on Twitter.
contd
sat on the board of MMS to advise on strategy. MMS wanted to sell their iron ore business in Australia. However, in recent days, MMS announced that Glencore [mkt cap in billions {32 from recall]} had signed an off-take deal worth $4 billion over 10 years and later participated in their convertible notes to the tune of $2m out of the $6m raise.
Again, the introduction to Glencore came from the Founder. He tweeted this and this has been seen openly on Twitter by one or two shareholders of KDNC [ex-REM] who follow the story. Cam McColl, CEO of MMS [listed in Canada] tweeted that he was in London at a restaurant to meet Andrew Suckling [Chairman of KDNC] to talk "deal" and he also visited the KDNC London office. Mccoll himself has tweeted and said KDNC [or REM] David Lenigas introduced him to European contacts [Glencore is based in Switzerland].
I just realised that KDNC in holding some 9.2% in MacArthur Minerals of Canada with their project in Australian iron ore [high grade 65% Fe from recall] appears to mean that out of the $4 billion over 10 years off-take deal, it would bring in a
top line revenue before shipping of $400 million a year [$4bn divide by 10=$400m?].
So, it would appear that the REM II has 2 iron ore projects ie Amapa & MMS [27% but currently 20%? and 9.2% potentially from MMS as and when they obtain funding etc].
YANGIBANA
This is also a legacy JV from the Founder. Yangibana is a rare earth project in Australia and has joined the ASX limelight due to the rare earth hot news. Yangibana is owned by Hastings Metal Tech on the Australian ASX. However, the JV is for Stage 2 etc [check details].
Please check. DYOR
This is just a legacy short account of the history of REM plc which is fitting to write as an old-timer.
Sun, 1 Sep 2019
at 10.40am
Sorry, not editing as rushing.
Started: news, 17 Aug 2019 13:17
Last post: news, 19 Aug 2019 17:09
Seem that attending the KDNC AGM 2019 is of importance on the main forum.
The train fare from a main station to London day return is £150+ and someone in the press mentioned he paid £300+ from London to the North direct return.Then, there is the change of trains. Then 2 nights in Central London at £150 per night = £300.
Not to mention almost 3 days all in to attend an AGM in London.
That does not include underground or taxi fare + food.
So, one is looking at some £800 in total, not to mention the tiring journey when most people are not 18.
Wonder why?
Mon 19 Aug 2019
contd
aware as I have been following the major lithium producers and Australian lithium bigger co*s. I have also been following what is happening in the lithium mkt. So, that is due diligence that each one is expected to do and it takes up a lot of time.
Once the takeover of Bacanora Lithium could not succeed, the market itself would have to factor this into the share price as is norm per Efficient Mkt Theory [price sensitive info or info that can move a co*s share price etc]. Again, standard stuff that is common to all stocks to re-rate or to-derate.
Valuation for KDNC is harder as there are a lot of co*s to watch.
These days, technology means that big data will take in sentiment via tweets, posting etc. So, if there is negative sentiment that weighs heavily, the theory is that algo etc will go on to the sell side theory and vice versa. So, a good forum is one which can accurately value the co and take in the micro & macro news so that it is ONE STEP ahead of the market. How so? The AIM market is under-researched and therefore the market is not going to do extensive research for AIM co*s which cost a lot of money to keep teams on. Once the news came out about Greenland, the FT article is pivotal. So, those who read it would be given an insight to the value of Greenland itself etc.
So, even for FT100 shares, one can see that the share price can also fall dramatically causing serious losses. This was a former Sid stock. So, due diligence is always advised or DYOR.
However, research is under-rated and from what one observes, there is a negativity towards research and those who provide it.
I could have witheld the research but in light of the few that are from the old school, I decided to share freely on an open forum like this one and on Twitter.
Others would have seen my asking re: REM Greenland.
When I went to school, we were taught to be kind and helpful to other and that we are here on earth to be a help to the community.
So, the old days of REM plc have gone - shared interests and shared help to each other as shareholders.
The new pattern is individualism, fellow against fellow , the rule of money but most times found not to be accurate as old money dont present themselves as such. However, there is always still left the few that still cling on to the old school. However, one does understand that society has changed.
So, I take my leave and thank Barksy1 for her unselfishness and to the others who have freely shared and in return I have not kept back anything either on this forum or on Twitter.
I have other things to attend to and hence, a note is courtesy.
I am not editing as I have to rush off.
News
Sun 18 Aug 2019 at 12.25 noon.
Sun 18 Aug 2019
I have now completed the REM Greenland licence search again on KDNC.pl yesterday.
On this forum, I have also shared from the FT valuation on Greenland itself + its minerals which was not picked up by any one on Twitter.So, I have posted on Twitter, the 2 articles from original search re: rare earths re: Greenland. I have done extensive research on Kvanejfeld and Tanbreez, the next door since these are the two neighbours to REM plc*s Greenland rare earth.
I have never attended any of the REM AGM*s and therefore did not also attend the party. The logistics is the reason - arrival in London in the late evening, have to stay the night near the AGM at a Central London hotel , transport before noon so have to spend a 2nd night to attend a short AGM & arrive
At any AGM, no price sensitive answer can be given by the Board as it has to come via an official RNS relating to REM Greenland.
A lot has changed since the old days - Tradecraft transcribed the AGM notes for everyone on the REM forum. Each one of us would ask & contact D. Lenigas, Chairman of REM on Twitter or ask him something that he can answer under the rules. I found Barksy1 from the old school ie helpful and willing to contribute to approach D.L since 1 person cannot ask 3-4 questions. D.L was always helpful to shareholders of REM plc.
I have not posted for some time ie years on this website but upon return, I find things have changed.
I have posted quite a lot on Greenland & Kvanejfeld /Tanbreez on Twitter as the geology is of interest since all 3 sit on that strip of land inc REM plc.
In fact, the question to ask is not just for myself - it is in the interest of ALL shareholders to ask if there would be further ...on REM Greenland as it was called then. The question would take no more than 7 words if I ask.
I have finished the extensive research on REM plc assets and Cadence Minerals assets [renamed REM to Cadence]. At this time, there is little left to do.
So, I take my leave and thank the old-timers eg Tomcat14, Observer842 etc for the recent contribution to the discussion on Sonora and the complex set-up of the JV.
I have looked into Yangibana myself & shared.
At the end of the day, the market will value a co*s share price and by extension its mkt cap a/c to cash-flow or the potential of its deposit & more importantly how it will be unlocked etc. All standard stuff.
Each person has a financial priortiy unless they have £30 million cash in the bank or investable money to qualify as Very High New Worth Investors & therefore can afford to lose £300-£400,000 and consider it loose change? After all, inheritance tax starts at £325,000.
For that reason, at all times, one has to do due diligence. After DL tweets or speaks whether by RNS or media, one is cognisant that it is correct at that moment. Then, things can change as seen in the recent Ganfeng situ wherein overseas investors voted against further investment. I was already aw
Conclusion:
RARE EARTHS - REM >KDNC
Yangibana, Clancy & REM Greenland [then] 100% are all under the D.Lenigas
assets he brought into the co via his network etc.
Once we hear more about REM Greenland [Rare Earth Resources Ltd] and their plans & licence , the the market may have to value KDNC for this strategic rare earth asset as they did in the past with the Sonora Lithium project.
This time, KDNC owns the Greenland licence next to Kvanejfeld 100% and therefore not dependent on part-ownership etc.
The FT [see posts yesterday] put a value on Greenland*s rare earths at $500-700 BILLION and as far as I am aware, all the articles mention Kvanejfeld [GGG] whilst Tanbreez is via a private co.
I am not aware of other parts of Greenland with rare earths?
So, with that type of perceived FT values, $500-700 BILLION for Greenland rare earths, that is not small change?
Have to wait for what the co now says ie KDNC either at the 2019 AGM or via RNS etc.
Sat, 17 Aug 2019
What are rare earths used for?
Neo-laser range-finders, guidance..
Lanth- night vision googles
Euro-flourescent in lamps etc
Erbrium -amplifiers in fiber-optic DATA transmission
Manufacturer of high-tech: computer memory, DVD*s, rechargeable batteries,
cell phones, magnets in motors & generators, catalytic converters, digital displays, monitors, TV, COMPUTERS, EV BATTERIES etc and as polish for glass, granite, marble & gemstones. https://geology.com/articles/rare-earth-elements/
<>HIGH TECH COUNTRIES eg Silicon Valley, Japan, S. Korea, China etc
<>RARE EARTHS
The biggest co outside China is Lynas Corp in Australia with billion $ mkt cap and which received a recent Wesfarmer*s takeover bid for some $1.5 billion. It was rejected. Lynas resource is at Mt Weld, Australia.
The next biggest as far as I am aware is HASTINGS Metal Tech which REM plc [now KDNC] has a 30% JV at the Yangibana rare earth project in W.Australia. Hastings mkt cap is over $100m.
A new comer is CLANCY Exploration [KDNC owns some 3.9%] listed in Australia that is proposing to take over the Cummins rare earth project.
[I have posted either on KDNC.pl or here] that Yangibana, Mt Weld & Cummins are among the 3 advanced rare earths in Australia.
-------------------------------------------
In Western Jurisdiction [Tier 1 jurisdiction] - KVANEJFELD rare earth project under GGG [Greenland Minerals & Energy listed in Australia] is the one mentioned in the Greenland news. However, it has a Chinese JV as mentioned in Japan Times.
REM Greenland has no JV partner and is 100% owned by KDNC under Rare Earth Resources Ltd. The licence is "active" - see KDNC.pl. etc and the details to view and check. It was applied for in 2013 under D.Lenigas, Chairman & Founder of REM plc.
><>REM GREENLAND OR CADENCE GREENLAND
Yangibana, Clancy [D.Lenias was Chairman in 2018] & REM Greenland forms a interesting suite of rare earth potential assets.
Rare earths are in the news as seen in the recent wall-to-wall coverage on Greenland and its rare earths which hosts the WORLD*S largest rare earth deposits.
So, it now appears that RARE EARTH MINERALS PLC [REM plc] was a very apt name for what appears to be what tech economies want and "covet" per Japan Times today, 17 Aug 2019.
So, in itself, the rare earth 100% owned Greenland licence next to Kvanjefeld is coming into focus and prominence?
We await to see how the co will play this or these assets?
Sat, 17 Aug 2019
Started: news, 16 Aug 2019 19:44
Last post: news, 16 Aug 2019 19:57
"Greenland upgrade to buy."- FT, 4 hrs ago, Fri 16 Aug 2019
Link to check: https://twitter.com/LONDONAIMCAP/status/1162422535369048064
Some of the headlines:
-"Donald Trump*s interest in buying Greenland stuns Denmark."-Financial Times, 1 hr ago.
-"Trumps shows interest in buying Greenland."-Bloomberg.
-"President Trumps eyes a new real-estate purchase:Greenland."-Wall St Journal.
-"GREENLAND : UPGRADE TO BUY."-Financial Times, 3 hrs ago.
"GREENLAND POSSESSES SOME OF THE WORLD*S LARGEST RARE EARTH MATERIAL DEPOSITS."
-"Trump has privately talked about US purchase of Greenland: sources."-Reuters
-"Trump has expressed serious interest in buying Greenland: report."-Fox News
"Sources say Trump asked about buying Greenland."-CNN
"Greenland to Trump: We are open for business, but we are not for sale."-Yahoo News
"What to watch today: Dow to recover, Trump wants to buy Greenland."-CNBC
"Trump has talked about buying Greenland: US sources."-Times of India
"We*re not for sale, says Greenland*s Foreign Minister."- Reuters
"Trump Greenland: US President mulls buying island from Denmark."-BBC
All the UK paper, Huffington, NY Times etc are covering the news.
REM GREENLAND
Licence abuts GGG [ASX] world class Kvanejfeld rare earth project. The other rare earth deposit belongs to TANBREEZ, a private firm owned by an Australian Geologist.
Midas in 2014 tipped REM plc for Sonora lithium, Hastings - Yangibana rare earth JV with REM & REM GREENLAND.
DL, Founder of REM plc - his neighbour is Executive Chairman of GGG per his tweet and Stanley Ho was from Hastings [ASX].
5 years later post Midas REM plc tip of 2014 comes this wall-to-wall coverage of Greenland.
FT*s link: "Greenland upgrade to BUY."- 3 hrs ago, Fri 16 Aug 2019 is all about "Rough sum parts valuation suggests GREENLAND has HIDDEN VALUE. In terms of natural resources...2008 study, just 3 of its coasts could yield UP TO 52 BILLION BARRELS OF OIL. No firm offer has been made but we believe anything SUB $ 1 T R I L L I O N will represent a good deal for US Corp [mkt cap $19 trillion] and GREENLAND I N V E S T O R S."
"A conservative drawn on a Mar-a-Lago napkin by Alphaville values these resources at between $500-$700 BILLION [assuming local regulation, like the ice caps are quickly dissolved." - In the same sentence as the RARE EARTHS.
Take a bow , REM plc under the Founder who acquired this licence. Awaiting renewal ?
It is on https://www.cadenceminerals.com/
Hence, my question whether REM GREENLAND can be floated or listed separately in Australia or SPUN out to realise value at the coming KDNC [new name for REM plc] London AGM 2019.
Started: news, 10 Aug 2019 00:43
Last post: news, 10 Aug 2019 21:04
A backup:
https://www.businessinsider.com/rare-earth-projects-world-2012-3?r=US&IR=T
"11 Major Rare Earth Projects Outside China."-Businessinsider, 14.3.12
Comment:
Nolan [Arafura] is listed and so is Mt Weld [LYNAS] & Greenland Minerals KVANEJFELD rare earth project. Yangibana & Cummins is not listed in this list - Yangi was in the works and Cummins was changing hands as it appears that different co*s owned it and provided $ for the various studies etc. However, post the 2012 Businessinsider listing, Yangibana & Cummins has come to play. However, I am posting the 2012 listing as the tonnage size and grade is a useful baseline to check to compare with Yangibana & Cummins.
Sat, 10 Aug 2019
-------4 Advanced Rare Earth Projects in Australia: [My 10:12 post]----
<>Yangibana, Western Australia - Hastings on ASX. [REM-KDNC Hastings JV 30% Stage 2] ASX: HAS. Awaiting capex funding.
Mkt Cap A$140m & SP 15c.
<>Cummins Range Rare Earths, Western Australia
Clancy Exploration on the ASX [CLY]
KDNC owns 3.9% of CLY
Per acquisition terms, it appears that in 36mths, it will reach BFS stage. Cummins & Mt Weld share a carbonate type rare earth deposit. It was also reported [posted before] that US Geological has recently visited the site.
<>LYNAS Corporation, ASX [Mount Weld rare earth project, W.Australia]
Mkt Cap: A$2.031 billion & SP $2.94
<>Nolan, Northern Territory, Australia ASX: Arafura Resources Ltd
Mkt Cap A$88.61m
[PFS stage?]
Link: https://www.hotcopper.com.au/asx/has/
Type the other stock symbols to check the rest as above.
OTHER GLOBALLY SIGNIFICANT RARE EARTH PROJECTS
GREENLAND - KVANEFJELD [ASX:GGG]
Mkt Cap A$154m & SP 13c
Awaiting Mining Licence
US Geological has visited the site & did field studies.
Comment:
As said Navigator Resources prepared a 2011 Presentation [only one available] and it shows the comparitive table between Nolan, Mt Weld, Cummins, Yangibana. However, I have found a later link that shows the Cummins resource has increased via https://www.proactiveinvestors.co.uk/companies/amp/news/131930
"JORC Inferred 11 million tonnes at 1.1% TREO with 0.5% cut-off"]
Comment:
Needless to say, the rare earth project is especially rated that are in Western jurisdiction [Tier 1 jurisdiction].
One can see that the mkt caps as of Fri, 9 Aug 2019 are in the A$88 - A$140m range [Arafura*s Nolan project &Hastings Yangibana].
The Greenland Minerals & Energy Ltd [ASX:GGG] also has a A$154m mkt cap.
So, it is rather obvious that any junior exploration co that has a globally significant rare earth project at the various stage has a reasonable mkt cap.
Therefore, KDNC with a mkt cap of some £10-£11m mark can overnight in theory rise to become a much higher rated mkt cap if it has a project of global significance.
If I am attending the London AGM to come, this would be the area that I would like to know as a shareholder. Of course, if Cummins Range turns out to be larger as only a portion of the licence has been explored, then it could rival the bigger player/s. What one cannot have in grades could be in theory be made up via tonnage and scale [size] and this is well known for all mining projects?
Otherwise, how can KDNC become or go back to the old mkt cap of £95m at its height when it was then called REM plc?
Amapa is also due for news from the last KDNC update. Herein, also needs some enlightenment from KDNC at the AGM, in that, how is the iron ore price going to be managed ie are they from the lower cost quartile?
Not editing so pardon errors.
News
Fri, 10 Aug 2019
"Very few rare earth projects GLOBALLY. Only 4 MAJOR ADVANCED REE projects in Australia. Cummins Range [Clancy acquisition, Fri 9.8.19] is one, the others YANGIBANA , MOUNT WELD & Nolans."
"Also shown: KVANEJFELD, GREENLAND" in the global map.
Source: Presentation from Navigator Resources of Cummins Range Project, Western Australia. https://twitter.com/LONDONAIMCAP/status/1159952372690563073
Yangibana is a Hastings Metals [ASX: HAS] rare earth project in Australia. REM plc then did a JV [30%] of the project in Yangibana [Stage 2].
Mount Weld belongs to LYNAS [ASX listed] and subject of a takeover bid by Wesfarmers. Ref: " Lynas Board rejects $1bn Wesfarmers bid."-Financial Times, 10 April 2019 [A$1.5 bn /$1.1 bn].
As for Clemmins Rare Earth project - Ref:"Rare Earths & LYNAS SIMILARITIES send Clancy investors into a spin."-Stockhead.com.au dated 9 Aug 2019.
"Greenland Minerals KVANEJFELD project to be CORNERSTONE of Future Rare Earth SUPPLY; Stock up 13.04%." - Kalkinemedia.com, 10 hrs ago, Fri 9 Aug 2019
https://twitter.com/LONDONAIMCAP/status/1159955304278372353
Ref:
Cadence Rare Earth Project, Greenland
From the Cadence [KDNC new name for REM plc] website
www.cadenceminerals.com/projects/greenland-rare-earth/
"Cadence has 1 exploration licence that encompasses the world-class KVANJFELD...rare earth deposit."
Check - licence is awaiting renewal.
DYOR.
KDNC at 0.1p is around the £10-£12m mkt cap mark.
Started: news, 10 Aug 2019 00:09
Last post: news, 10 Aug 2019 11:25
I read forum chatter on Clancy Exploration [KDNC owns 3.9%] and that KDNC may want to appoint someone to the BOARD?? There is no need as David Lenigas has steered the co into acquisitions etc?
Ref:
"DAVID LENIGAS drives Clancy Exploration into cobalt space with Morocco project acquisitions." -Small Caps 10 Apr 2018
This said article mentions David Lenigas as CHAIRMAN OF CLANCY. D.Lenigas is the Founder of REM plc [later renamed Cadence Minerals KDNC].
www.smallcaps.com.au/david-lenigas-clancy-exploration-cobalt-morocco-project-acquisitions/
If the link does not work, then insert https:// before www.smallcaps.com.au....
P.S. Obviously, as the Cummins Range rare earth project proceeds, the value curve could increase [if text book hypothesis plays out or stock mkt play book?] and with it the % of KDNC*s holding.
Sat, 10 Aug 2019 DYOR. Please check.
Today, Clancy Resources on the Australian ASX: CLY issued an announcement relating to the acquisition of CLEMMINS Range Rare Earth Project in Western Australia.
An overview:
" ONE of the very few Australian ADVANCED REO projects. 93 holes drilled - only a portion drilled -upside. JORC. Oct 2010 CONTAINED VALUE $6 BILLION at a 0.5% REO lower cut-off grade."
https://twitter.com/LONDONAIMCAP/status/1159912074341965824
[From Proactive Investors] Please check & DYOR.
Comment:
REM Greenland - Sonora Lithium & Yangibana [Hastings] Rare Earth of Australia.
- 3 original projects under the Founder as Chairman & per MIDAS 2014 Mail on Sunday tip.
Now, there*s Clancy*s potential Clemmins Range Rare Earth.
3.9% of $6 billion = Simple maths? [Oct 2010 figure quoted in the above article.]
Started: news, 6 Apr 2019 22:31
Last post: news, 12 Apr 2019 11:48
Typo: Should be £7.19 to £3.99. Also, should read ranked, not ranking.
P.S.
This morning, another big stock fell from £719.40 [overnight] to £399.70 [intra-day low] after opening due to an RNS.
A few days ago, a departmental store was put into admin. One poster bought more stock as the share price fell and put their house and every penny on the line on just this one stock. Many of the posters on that stock contacted Admin who were very responsive and they contacted emergency services. This is not the first time.
So, before putting the family at risk [REMder who tweeted], it is ......hard to express caution.
I have come to post about Mr H*s aspiration to turn £1k into £100k. With a few trades over 1-2 days, one trade was much more successful due to the volatility - the stock fell from £1.05 on 9 April 2019 to 20p and bounced. So, + -, Mr H turned £1k into around £1,660 from recall.
That means Mr H has got to get it right around <200 times in similar fashion excluding any multiplier effects ie just pure straight line cals.
However, today, Fri 12 April, 2019, nothing more has been tweeted about daily trades. Not sure what has happened?
Suffice to say, that Mr H was attempting to do DAILY trading.
I was following sometime ago, one blogger who attempted to turn £1k into £1m but for some reason, after a short time, no more being said.
There are a lot of fund managers out there who earn a living investing in stocks both in the UK and the USA.
As professionals, their record is ranking and their funds produce yearly results.
On topic as one REMer said on Twitter he lost money etc and from the caption title above, REM was one of the most successful in that period for an AIM stock as it turned £1 into £95 [0.04p to 2.25p or £1m mkt cap to £95m mkt cap].
So, this topic ends as one may now be aware that the challenge appears great.
Some have made it and they have gone down in history for a long record.
News,
Fri, 12 Apr 2019
Not editing.
Lol. Its O.K - we got there in the end about the REM takeover of BCN.
Oh, you may have read about H wanting to turn £1 into £100k and that has really stirred up imaginations.
However, as I have posted REM was the only stock that went up 95x, hence £1k went to £95,000.
The Founder of REM*s other stock went from 0.35p to 11p+. That is nearly 30x. So, one would have to put in £3,000 + to achieve the same result of nearly 90x plus.
Not sure how people lost money on a stock that went 95x and 30x?
LOADS of news passing through re:lithium especially Western Australia and hydroxide etc. Very critical info - I have liked it on Twitter.
News,
Sun, 7 April, 2019
Just finished the Sunday Times - nothing about EV*s or lithium etc.
@news. KDNC effectively offered £1 for BCN shares as part of the merger proposals:
"Rebuttal of Proposed Merger" (30 September 2016)
https://polaris.brighterir.com/public/bacanora_lithium/news/rns/story/xpyndjx
===[
The midpoint of the Proposed Offer range represents a premium of only 13.1% to the Bacanora closing share price of 88.50 pence per share on 29 September 2016 (being the last trading date prior to this announcement);
]===
88.5 * 113.1 = 100.09p
If you want to give a range, it can be calculated from this paragraph of the announcement:
===[
The merger exchange ratio proposed by REM is between 135 and 141 REM shares for each outstanding Bacanora share ('the Proposed Offer')
]===
i.e. The 100.09p corresponds to ((135 + 141) / 2) = 138 REM shares, meaning that the offer range was:
Low: 135/138 * 100.09 = 97.91p
High: 141/138 * 100.09 = 102.27p
i.e. 98p to 102p, not the "88.5p - £1" you are currently stating. I'd just stick to quoting £1 if I were you. ;-)
Apologies if I have misunderstood the meaning behind your quote, as I've just realised you might be trying to say REM offered (approximately) £1 when the BCN share price was 88.5p? Which is true!
Ob.
Started: news, 5 Apr 2019 20:19
Last post: news, 5 Apr 2019 20:47
Just seen some external news on lithium [ REM -KDNC*s biz]
"Volkswagen purchases lithium from Ganfeng."- 8hrs ago [In German]
https://twitter.com/HC_Haplo/status/1114123624523264000
This is interesting. Will need to find out more and why. This is the type of external news I was talking about earlier.
Fri, 5 April 2019
Typo error. Fri, 5 April, 2019
I have now covered as much as I can at this stage to research the BASE data publicly available?
I will continue to monitor the information as it comes in as and when?
I will have to look at the macro situation externally?
I will have to evaluate the REM [legacy] and KDNC projects to further determine the ranking of these projects?
I have to determine which PROJECT or PROJECTS will increase the value and therefore the share price of REM - KDNC, if any?
I will have to re-calculate the mark-to-market value of REM-KDNC*s projects and the discount or premium attributed?
I will have to see if any are best in class and matched against peers and why, say, BCN has been just given a target price of 72p [Speculative buy by Cannacord on 4 Apr 2-19 although the full note is not available to Joe Public] although the Black Scholes fair value is higher from recall. Interesting to see the workings.
The REM takeover price for BCN was 88.5p-£1 but the co said it undervalued their co?
I will have to see the EXIT events for any of the investments or if they produce EBITDA and respective P/E and whether they have the industry P/E or not?
I will have to gauge REM-KDNC*S current strategy going forward given the 3 new Australian lithium projects. Example, do they go on to mine etc or remain an investment co?
Each one of the REM-KDNC investments will have to be EVALUATED since some are more advanced and others are early stage exploration co*s?
I have to determine what TIME-scales are involved in the JV*s etc and other investments?
I have to evaluate if any could become a Game Changer? The last game changer for REM was to takeover BCN, hence the mkt cap went from £1m+ as a shell co to some £95m mkt cap [0.04p to 2.25p]? To have reached or to attained some 5p [per the Twitter mention], it would reach some £200m+ mkt cap which is where Nemaska is at, awaiting funding? Please check. History now.
So, as an investor of REM-KDNC, these and many other workings have to be done to determine fair value? Fair value will be different for everyone as well as time scales etc? Least but not last, one always has to expect the unexpected.?
As I said, the stock market game is about NUMBERS? Even for stocks that go up due to sentiment, it appears that it is also forward potential?
Sorry, not editing.
By the way, when I signed in, I can go to the beta site but I have not tried it. No one has said whether it is different or the same etc.
So, I end this forum for now.
News,
Sat, 5 April, 2019.
Started: news, 4 Apr 2019 17:40
Last post: news, 4 Apr 2019 17:40
"Argonaut Resources leveraged to drilling near BHP*s IOCG discovery in South Australia."- Proactive Investors Australia, 13 hrs ago, Fri 4 April 2019.
Quote:
"Auroch holds a likely Eastern Extension to the Torrens JV Gravity Anomaly."
https://twitter.com/LONDONAIMCAP/status/1113823392833122305
On-topic as REM-KDNC owns 6.7% of Auroch, listed in Australia.
Argonaut and Aeris Resources are in a JV re:Torrens copper project, South Australia.
Their 1st hole assay results are pending.
Posted earlier on this site, hence why continuing info here so that it is not broken up, the Torrens project could be bigger than giant BHP*s Olympic Dam?Please check back to read.
News
Fri, 4 April 2019
Started: news, 2 Apr 2019 12:15
Last post: news, 2 Apr 2019 12:15
"This DEAL really highlights how lithium continues to evolve as a strategic mineral." -Chris Berry, 1 April 2019
[Embedded in this tweet is the Reuters article: "China*s GanfengLithium boosts stake in Argentine project with Lithium Americas."
https://twitter.com/cberry/status/1112764426342539266
Comment:
The last 2 posts to this was about the Ganfeng Lithium deal. So, the size of the deal ie 12.5% stake for US$160m= £123m does illustrate the M & A currently.
Certainly, the REM 5p mentioned by someone on Twitter [SP high 2.25p = £95m so 5p is around the £200m mkt cap mark] would be more illustrative of the mkt caps now of Nemaska [awaiting funding] at C$283.94m or Lithium America JV with Ganfeng at C$494.34m?? These appear to be the benchmark for lithium mkt caps?
History now of REM-Sonora Lithium, Mexico.
Tues, 2 April, 2019
News.