There is more upside, then down.
Their Market Cap is equivalent to assets so dont see this going any more down.
ZULU Lithium and RHA Tungsten, must be nearing.
They also have producing assets MN Holdings Manganese.
Don't forget also exploring gold Tenement in Mozambique.
01 Oct 2020
World lithium deficit a boon for Zim
https://www.herald.co.zw/world-lithium-deficit-a-boon-for-zim/
Premier African Minerals has a 19% interest in MN Holdings Limited, the owner and operator of the Otjozondu Manganese Mining Project in Namibia.
China’s manganese ore imports grow to 8-month high
China’s manganese ore imports increased further to hit an eight-month high of 3.19 million tonnes in August, growing by another 8% on month, according to the latest detailed data released by China’s General Administration of Customs (GACC).
Last month’s imports were also 8.4% higher on year, indicating that shipments of this ore from major overseas exporters had returned to normal, despite the on-going battle against COVID-19 in manganese ore exporting countries, Mysteel Global notes. The continuous rise in Mn ore imports was in line with market expectations however, as “major overseas exporters.
https://www.mysteel.net/article/5018756-0501/Chinas-manganese-ore-imports-grow-to-8-month-high.html
Manganese producers set to strike gold after Tesla unveils shift to new generation of batteries
This plan includes manufacturing at a very large scale, an innovative type of lithium-ion battery with a cathode that contains around 33% manganese, made directly from manganese metal.
Tesla Inc - Manganese producers set to strike gold after Tesla unveils shift to new generation of batteries incorporating manganese and nickel
The introduction of manganese in Tesla batteries is expected to result in a material increase in high-purity manganese demand
Manganese producers are set to strike the proverbial pot of gold after the world's biggest electric car maker, Tesla Inc (NASDAQ:TSLA) (FRA:TL0) announced a major shift in its battery strategy – the move to manufacture its own batteries incorporating manganese and nickel.
Tesla's aim to drive down the cost of its electric cars will see the company producing its own new generation of batteries that will be more powerful, longer-lasting and half as expensive than the company’s current cells.
https://www.proactiveinvestors.com/companies/news/929849/manganese-producers-set-to-strike-gold-after-tesla-unveils-shift-to-new-generation-of-batteries-929849.html
DF CAPITAL (DFCH) similar to SYME
29 September 2020
DF CAPITAL GRANTED BANKING LICENSE
https://www.dfcapital.co.uk/df-capital-granted-banking-licence/
DF Capital provides working capital solutions which help businesses grow. DF Capital finances SMEs operating across the distribution supply chain and today primarily focuses on financing products in five sectors.
MOTOR VEHICLES
RECREATIONAL VEHICLES
MARINE
INDUSTRIALEQUIPMENT
AGRICULTURAL EQUIPMENT
https://www.dfcapital.co.uk/
Current Market Cap 67m
"Loan book stood at GBP128m at 31 July 2020"
"The Company will provide more detail on its trading performance as it announces its interim results, no later than 30 September 2020"
https://www.lse.co.uk/rns/DFCH/banking-licence-business-trading-update-nykz6c450cnn2mv.html
DF Capital granted banking licence
https://www.lse.co.uk/rns/DFCH/df-capital-granted-banking-licence-2x3qjnavbs7ggy3.html
Biggest Joe media Deal coming to completion in October. Joe Media £10m+ Revenue.As announced June/July, they will be in Profit in 3 monthsIconic Labs failing to provide contract figures so price is volatile is merely based on expectation.If they can update shareholders on current financial standing, share price can be set to a point.But for now this can be anything between 0.001 - 0.01+
In late July, Kibo said it was seeking admission to the London Stock Exchange for Sloane Developments Ltd as Mast Energy Developments PLC, the listing of which is expected to be in the fourth quarter of 2020.
https://www.morningstar.co.uk/uk/news/AN_1599468078434257700/kibo-energys-sloane-to-acquire-gas-power-project-for-gbp17-million.aspx
Deadline 30 Sep 2020
Kibo Energy and Baobab Resources ink energy deal
Africa focused energy company, Kibo Energy, has signed a binding term sheet with Baobab Resources to supply circa 200 MW of energy to its Tete Steel and Vanadium (TSV) project in Mozambique.
Mozambique – Under the terms of the agreement, which is valid until 30 September 2020 (or such extended date as may be agreed upon in writing between the parties), Baobab Resources agrees to exclusively deal and negotiate with Kibo with regard to entering into the proposed PPA.
https://www.miningreview.com/energy/kibo-energy-tete-steel-vanadium-baobab-resources/
http://mozambiqueminingjournal.com/kibos-mozambique-projects-taking-shape/
Kibo hasn't moved very surprising.
Join the dots
Glencore owns the Pallas Green deposit which is which is adjacent to Stonepark and in the vicinity of PG West
Glencore has now endorsed twice totalling $1.5m in Stonepark Zinc Project
Stonepark MRE totals 5.1 million tonnes grading 8.7% zinc and 2.6% lead (11.3% combined) in the Inferred Category (see news release dated April 17th, 2018), located approximately one kilometre west of the Pallas Green zinc-lead deposit1
https://www.groupelevenresources.com/news/index.php?content_id=105
Glencore Canada Corporation (“Glencore”) has exercised its right to appoint Ken Klassen to Group Eleven’s board of directors.
https://www.groupelevenresources.com/news/index.php?content_id=104
"Ken is an experienced and well-respected lawyer in the international and Canadian mining industries, with an extensive background in mergers and acquisitions"
https://www.groupelevenresources.com/news/index.php?content_id=104
And last month 12 Aug 2020
Glencore Canada Corporation (“Glencore”) has exercised its right to appoint Ken Klassen to Group Eleven’s board of directors
Vancouver, Canada, August 12th, 2020 – Group Eleven Resources Corp. (TSX.V: ZNG; OTC: GRLVF; FRA: 3GE) (“Group Eleven” or the “Company”) is pleased to announce that Glencore Canada Corporation (“Glencore”) has exercised its right to appoint Ken Klassen to Group Eleven’s board of directors.
Bart Jaworski, CEO of Group Eleven, commented: "we very much welcome Ken to the board and look forward to working with him to further grow shareholder value. Ken is an experienced and well-respected lawyer in the international and Canadian mining industries, with an extensive background in mergers and acquisitions and corporate law. With Group Eleven’s key focus of advancing our Limerick zinc licenses in Ireland, Ken's experience will provide valuable insights and guidance as we work toward unlocking the full potential of the region."
Mr. Klassen recently served on the Board of Trustees of Noranda Income Fund, which owns and operates an electrolytic zinc processing facility in Salaberry-de-Valleyfield, Québec. His last full-time executive role was as the General Counsel of Glencore plc, based in Baar, Switzerland, until retiring in 2016. In this role, Mr. Klassen was responsible for Glencore’s global legal function including a team of in-house lawyers supporting Executive Management, business operations and its Board of Directors. Prior to joining Glencore, Mr. Klassen had a successful 20-year career as a Canadian M&A and corporate lawyer at leading Canadian law firms.
Mr. Klassen commented, “this is an exciting time for Group Eleven with its recent streamlined focus on the Limerick region of Ireland and impressive drill results from the Carrickittle zinc prospect a few weeks ago. I look forward to working closely with the team at Group Eleven to further unlock shareholder value.”
For those who forgot in May 2020
Arkle Resources sees shares soar as JV partner Group Eleven secures further funding from Glencore
https://www.proactiveinvestors.co.uk/companies/news/919747/arkle-resources-sees-shares-soar-as-jv-partner-group-eleven-secures-further-funding-from-glencore-919747.html
10 Sep 2020
Stonepark Zinc Project is the one to watch out for.
Group Eleven Resources Corp. (TSXV: ZNG) (OTC: GRLVF) (FRA: 3GE) ("Group Eleven" or the "Company") is pleased to announce that it has commenced drilling at the Stonepark zinc project ("Stonepark") in the Republic of Ireland . Stonepark is a joint venture between Group Eleven (76.56% interest) and Arkle Resources PLC (23.44% interest). Plans for follow-up drilling at the Company's Carrickittle zinc prospect ("Carrickittle") located on the 100%-interest PG West zinc project in are nearing completion and will be announced over the next few weeks.
Highlights:
Drill program at Stonepark consists of two step-out holes, planned to total approximately 810 metres (360 metres and 450 metres, respectively)
Holes will test extensions of the Stonepark Mineral Resource Estimate ("MRE")
Stonepark MRE totals 5.1 million tonnes grading 8.7% zinc and 2.6% lead (11.3% combined) in the Inferred Category (see news release dated Apil 17th, 2018), located approximately one kilometre west of the Pallas Green zinc-lead deposit1
"We are excited to start drilling at Stonepark and look forward to updating the market on plans for follow-up drilling at Carrickittle in a few weeks," stated Bart Jaworski , CEO. "The Limerick basin is proving to be a very prospective zinc-lead camp and we look forward to progressing exploration in the near-term."
https://money.tmx.com/en/quote/ZNG/news/7016577726378043/Group_Eleven_Commences_Drilling_at_Stonepark_Zinc_Project_in_Ireland
This is a great deal, they have derisked, they have funds for there 3 contracts.
I don't think they will need to use the full amount over 18 months, they will be in profit well before.
and as you can see it a US based fund, competitor of China, racing to get 5g rolled out first.
5g may be coming into play in the beginnng of 2021, 3 months away, but believe me everything is at full pace now already, to get network infrastructure setup for 5g.
We wont need to wait next year 2021, any and most deals will be signed in coming weeks / months before 2021. Note they are hardware and software providers for 5g rollout