Member Info for jimb2

@Dallasdaz,

Good that it's been through the lower courts, could be that the Mex gov want to give the impression they are following a legal procedure instead of bowing to the emperors demands as is the case IMHO.

Obviously no legal precedence in those courts, I've seen more law applied to a parking fine, plus it's not unusual for AMLO to backtrack once it goes to arbitration likely to be under the next administration if so.

I do believe Mex gov face a monumental historical f-up with their handling of this, BYD will probably use Chilean or Brazilian lithium in cars/batteries made in Mexico.

Considering the worlds number one and two EV manufacturers want to build in Mexico:

I wouldn't write off Sonora either, Tesla, BYD, Ganfeng, or CATL could very well form JV's in Mexico, BYD have already said they will produce EV's in Mexico to supply Mexico and Brazil and have no plans to sell into the US - but I'm not sure on their intentions with batteries for supply in Mexico or the US.

Not forgetting Ganfeng produce 40 lithium products and lithium metal will be in great demand in a year or two, Ganfeng are the worlds number one producer.

Perhaps Tesla robots will have solid state batteries - make senses!

Could be win all round if the Mex gov come to their senses.

@MJFMSG,

DFS! or no DFS, that is the question - seems to me from reading in-between the lines the risk is something any potential project financer is prepared to take and given the near certainty that 67% can be achieved and will then likely be the only grade being produced.

DYOR - I would read over the RNS 30th October and then watch the video from 7th March.

I just don't see the announcement of the percentage increase in ownership being released in isolation.

I could of course be way off - but at our current SP the only way is up IMHO - how quick will it happen, I do believe there's a great deal of impatient investors across the whole AIM market that are looking for something that will multibag in a short space of time.

I have again passed through my max holding - by a little since last Monday, rounding up on Friday ad a very small addition today.

Chinese takeaway!

Https://uk.marketscreener.com/news/latest/Pilbara-Minerals-and-China-s-Ganfeng-agree-to-study-for-lithium-chemical-plant-46271775/

Hopefully the Mex gov will realise what Ganfeng could bring to Mexico with their processing expertise.

Blue week ahead!

@davejm,

if you are referring to RR, then after ten years according to this you would probably just be back to where you started:

Sell up and move on. Don’t waste your money here. Somebody 10 years ago tried to tell me the same thing and I’ve tracked them down to thank them.

https://www.fool.co.uk/2024/02/28/heres-how-much-id-have-if-id-bought-1000-rolls-royce-shares-10-years-ago/#:~:text=Please%20note%3A%20due%20to%20a,shares%20purchased%20at%20any%20time

People buying in here at these prices might be doing very well in a short time. Even RR had a lean period that was definitely a buying opportunity for those with the insight but ten years ago wasn't the time.

Still you got the right result.

Good that you have managed to re-coup some losses maybe all, hopefully more! @davejm, be honest, how did you feel in 2021 when we hit 32p?

Well the time was right for you hitting the 10X, and that's my expectations here.

Cast your mind back to why you bought into REM and the lithium story, do you believe that has played out?

If someone was was to have told you then that lithium would hit $82,000 /tonne in 2023 when Sonora should have been producing for four years, would have believed them?

Things didn't turnout with the big automakers failing to see the way EV's were developing and failed to make the off-take investments for BCN and EMH

GL

I'm not sure people have read into the DFS being part of the implementation plan and fully understand that must mean the funding is not dependant on the DFS - Of course AMAP is not a greenfield project so we get the advantages that we were sold to in the early days, but beyond that the MOU partner is exceptional - Parent company:

Simona Int. owns China’s three biggest construction companies, namely CBMI Construction Co., Ltd., Sinoma Suzhou Construction Co., Ltd., Sinoma Handan Construction Co., Ltd.

Relying on its R & D resources, Sinoma Int. has developed a lot of dedicated equipment which is on a par with international level, i.e. equipment for energy conservation, environmental protection and automation equipment, etc. Sinoma Int. offers full-line dedicated equipment for cement production, such as rotary kiln, tube mill, pre-heater, grate cooler, crusher, ball mill, de-ducting machine, separator, elevator, stacker and reclaimer, etc. At present our manufacturing capacity reaches up to 300,000 tons/year, making Sinoma Int. a leading equipment company in China.

Sinoma Int. (Tianjin), Sinoma Int. (Nanjing) and Chengdu Design & Research Institute of Building Materials Industry Co., Ltd. are China’s pioneering design institutes. Enjoying China’s best resources, they are highly recognized in China and in the world. These three design institutes of Sinoma Int. have designed about 500 cement production lines with capacity from 2,000 to 10,000 t/d (more than 200 lines capacitated from 5,000 to 10,000 t/d). Many successful projects showcase Sinoma Int.’s competence in design and innovations

#####

An independent Chinese consulting engineering company carried out this work and identified several material capital savings, particularly in the equipment and materials suppliers. As a result of their work, the direct and indirect capital associated with the beneficiation plant has been reduced by US$63.2 million

Iron ore mind in Brazil by a Chinese backed company supplying Chinese manufactures in Brazil!

Indeed @tomcat-14,

I think Amapa is a Chinese takeaway!

From 30th October:

Project Financing

Under the MOU, TCIDR will use its best commercial efforts to secure the required financing for the construction and re-development of the Amapá Project, including the necessary guarantees, project finance insurance and debt financing. In this regard, TCIDR is in discussion with SinoSure China Export & Credit Insurance Corporation and China Development Bank.

PBA, DEV and TCIDR will now develop a roadmap to seek to secure the financing for the DFS and subsequent project financing for the Amapá Project, and a fixed price EPC contract between DEV and TCIDR that will have the project finance, export credit insurance and credit support by TCIDR.

Development Programme

Under the MOU, TCIDR will provide a final proposal to complete the Definitive Feasibility Study ("DFS"), and on completion of a successful DFS, will submit a fixed price Engineering Procurement and Construction ("EPC") contract for the Amapá Project. The DFS, EPC contact and any other services provided by TCIDR are subject to both the services being provided on a competitive basis and to PBA's and DEV's commercial evaluation and approval. TCIDR will be appointed the General EPC contractor for the Amapá Project once these approvals have been granted and the provision of TCIDR-facilitated project financing is secured. This will require the execution of legally binding documents.

I'll be surprised if that's not updated next week,

Are we primed for some good news, Chinese in SA looking very ambitious local supply will be critical.

https://www.clbrief.com/byd-to-create-10-000-jobs-in-new-factory-in-brazilian-state-of-bahia/

Imported steel tariffs being looked at

The decision on the opening of jobs aims to maximise the start of vehicle production in the unit and was taken after the Brazilian government announced the resumption of the 100% Import Tax on electric cars, suspended since 2016, and the increase of the tax for hybrids, said Marcelo Schneider, institutional director of BYD.

I just wonder with four days remaining after today why the update couldn't have waited to coincide with the percentage ownership increase?

End of Q1 could be company making.

I wouldn't be surprised if the next news, before Friday next week is more than just ownership percentage increase:

An independent Chinese consulting engineering company carried out this work and identified several material capital savings, particularly in the equipment and materials suppliers. As a result of their work, the direct and indirect capital associated with the beneficiation plant has been reduced by US$63.2 million (approximately 33%) from US$191.7 million to US$128.5 million. Utilising the comparables within the PFS report published in 2023, the entire capital required for the Amapá Project is in the bottom quartile of capital intensity at US$58 per million tonnes of capacity; the median of the comparable projects is US$142 per million tonnes of capacity.

They repeat the ownership percentage announcement is due:

At the end of September 2023, Cadence's total investment in the Amapá Project stood at approximately US$12.1 million, with the equity stake in the Project standing at 32.6%. Since then, Cadence has continued to invest in the Amapá Project, and a further updated equity position will be provided at the end of March 2024.

A side note, that to me makes a local supply desirable to any Chinese manufacturer - BYD for instance!

https://www.digitimes.com/news/a20240322PD203/brazil-byd-china-ev.html#:~:text=Chinese%20EV%20maker%20BYD%20plans,to%20start%20operation%20this%20year.

https://www.clbrief.com/brazil-opens-investigation-on-steel-imports-from-china-for-unfair-competition/

BYD have suggested they are not aiming at the US markets, Brazil and Mexico!

Brazil, could be far more attractive!

Https://expansion.mx/empresas/2024/03/21/prohibicion-mineria-a-cielo-abierto-litio-en-mexico

Claudia Sheinbaum, the presidential candidate who is leading the polls, has also added the ban on open pit mining to her proposals, according to the speech she gave in the Zócalo at the beginning of the presidential campaigns.

Looking at how this year elections will play such a big part in EV's transition:

For the US Biden will have to win, Mexico I do believe Claudia Sheinbaum will carry on as AMLO left off so Xóchitl Gálvez would be my pick, shame she's so far behind if the polls can be trusted.

Biden argues that U.S. auto builders need to take the lead in the expanding EV market.

"I brought together American automakers. I brought together American autoworkers," said Biden in a statement. "Together, we've made historic progress."

Alluding to his target set three years ago that 50% of new vehicles in 2030 would be EVs, Biden predicted "we'll meet my goal for 2030 and race forward in the years ahead."

Claudia Sheinbaum has suggested Pemex should get involved in lithium $8%***%ake

100% import tax on Mexican EV's if..........................................

https://youtu.be/Qh8HqfBJXiA?si=PXuTB6S8NUEztp72

That's not good for nearshoring and AMLO admires the lunatic - how is this going down with him and Durazo!!

Well @maddog38,

I am watching any company with battery metals and there's plenty down at bargain levels, I like the fact BEM have a graphite processing plant. So one on my radar.

EMH of course is another, shame the DFS has been delayed again and getting the timing right to take a a few more, I would have taken that £3k today but we are expecting news on the AMAPA so I'm expecting we get a tick up - I get things wrong but I'm sticking with my long term expectation that battery materials will pay off well as we hit mass market penetration. J curves!

@Bannor,

I agree

Quantity 57,251 at 5.2400p

Value £2,999.95

@Bannor,

£3K is for bargain hunting, so many companies trading at lows that many thought they never get to, tell me, is BEM worth a punt at 0.75p - that's a 96% discount from the 18p that was tipped on here a little while back.

So, £120 today would get me the equivalent £3K's worth - still its not certain to be a bargain just yet.

Thanks @ Huinhwa,

Of course the local journalist implied 'Clandestine' operations that mentioned KDNC ,

Shame though, I had just put £3k aside to top up on the clowns selling .

BYD's chairman predicted a month ago that China's monthly NEV penetration rate would exceed 50 percent within this year, and now he expects that figure to be seen within the next three months

Not forgetting BYD are present in Hungary with a new plant also being built, they certainly have the appetite for mass distribution throughout Europe.

BYD's chairman predicted a month ago that China's monthly NEV penetration rate would exceed 50 percent within this year, and now he expects that figure to be seen within the next three months