REM-KDNC : For attention of Barksy et all.11 May 2024 14:22
I will post on this forum to finish the story of REM plc and the 5p London party. Here are FACTS: REM plc at 2.25p was around £90m mkt cap per Dallas on this forum. GANFENG PAID BCN $391M USD for Sonora but not for REM's licence JV 30%. One now knows for a FACT via leading Mexican publications/newspapers that the horse's mouth told Mexican press that they intended to supply TESLA across the Mexican border to USA which was NOT a long distance. REM'er mentioned this. I tweeted the article to DAVID LENIGAS, Chairman of REM and he stated that the board REJECTED the TESLA OFF-TAKE DEAL HE GOT. Seeking Alpha stated that with a TESLA OFF-TAKE , that would OPEN DOORS as norm to CAPITAL ie $$$. Lenigas's 5p party in London which I did not attend @REM plc would have taken REM to some £180m mkt cap which would be reasonable since Lenigas said he would do a CHESS move. That chess move to offer £1 for BCN was scuppered once BCN quickly put out an RNS that it UNDER-VALUES the co. Well, Ganfeng offered some 45p basic and investors grumbled since they said BCN was £1.50 before the mess up over financing. Lenigas also said that in takeovers of lithium projects, the last one was at US$400m so this is correct given Ganfeng paid $391m and already the threat of nationalisation was already known. MEXICAN NATIONALISATION HAS HAPPENED OF BCN @SONORA. Ganfeng may have said in their financials they are waiting for legal counsel to advice but on the GROUND, NOTHING DONE YET ie to lodge at an international arbitration court. Why? Well, there was a Mexican article etc that was from the CEO that they can WORK around the political issue of Uncle Sam. How? So, NOT surprised that Ganfeng has now gone on to take over a MALI lithium co. Maybe, they are moving on and that is now between them and the CEO of Sonora lithium since its their biz what happened. Observer said that HAD REM taken OVER BCN , then LENIGAS WORKS FAST AND THE MINE WOULD BE UP AND RUNNING = harder for Mex govt to say not enough progress on Sonora etc as the reason for the nationalisation etc. MORAL OF THE STORY: Moral is that now the /// is now on the CEO of Sonora, and therefore one sees the REM'ers were right ie they support the Chairman of REM plc. I mentioned on this forum that when KDNC was close to 30p, that if folks wanted out, they could do so for a temporary measure as AMAPA would take some time to get up and running. That has now been proved correct as this is normal ie stocks move with news. I take no pleasure in being correct because I did it as I am aware people's savings have gone in. As for Lenigas, he cant produce EVERY WINNER just as one cant win the National every year ie same horse, same trainer. At the momo, one of his Aussie stock is active and he has stated on Twitter today, that he can TWEET but ONE HAS TO CHOSE and DECIDE for one self. SO, MORAL OF THE STORY IS ASSESS AND DO SOME RESEARCH /DUE DILIGENCE and not just jump in. STORY ENDS WITH MEXICAN GOVT TREASURY OFFICIA