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https://www.asktraders.com/analysis/zinnwald-lithium-up-15-as-news-of-gangfeng-stake-sinks-in/
Ganfeng bought around 9% of ZINN before Christmas
Ganfeng look like they're trying to get a board seat in lots of projects
https://www.hl.co.uk/news/2022/1/4/uk-government-extends-powers-to-intervene-in-foreign-takeovers?utm_campaign=Newsroom&utm_source=AdobeCampaign&utm_medium=email&theSource=EONRM&e_cti=10327608&e_ct=T&Override=1&deliveryName=DM3047
The article is on takeovers by foreign companies, I'm unsure of the timeline but the following paragraph is of note:
Officials will be notified that a deal is worthy of examination when a buyer takes its stake above three trigger points: 25%, 50% and 75%. The government can block these transactions and even unwind them restrospectively if they were completed on or after 12 November 2020, the day the bill was introduced to parliament.
From reading numerous postings on this board and from being a SH of BCN (and KDNC & SAV) what's stopping particularlyGF ; or RT, Vale or any other company just buying KDNC.
KDNC own 30% of BCN JV, 9.7% of EMH and plenty of other investments. BCN has/had a market cap of 255.8 million, KDNC market cap is 28M, wouldn't is just be cheaper for GF to buy out KDNC?
This is an obvious question and not meant to ramp/deramp or spread FUD, it's not speculation, I'd like to hear people's views on this, EV Bull in particular., for my education as an investor.
Background viewing for anyone interested, GALP is mentioned a few times along with Northvolt, VW and Freyr
https://www.youtube.com/watch?v=Xc3mTLVjK68&ab_channel=RockStockChannel
Background viewing for anyone interested, GALP is mentioned a few times along with Northvolt, VW and Freyr
https://www.youtube.com/watch?v=Xc3mTLVjK68&ab_channel=RockStockChannel
Background viewing for anyone interested, GALP is mentioned a few times along with Northvolt, VW and Freyr
https://www.youtube.com/watch?v=Xc3mTLVjK68&ab_channel=RockStockChannel
What concerns me is that the UK Government let the sale allowed the sale of ARM chips to Softbank, Nvidia are now trying to buy ARM for $40 B, the company is world renowned, its technology is licensed and used in practically every smart phone and more. It's a UK based company (Cambridge) and most screamed for it to be listed on the LSE instead, it is the one truly successful UK tech company.
BCN is £294M, a mine is Mexico and was formerly listed on the TSX. Will the UK Government suddenly grow a pair?
https://uk.finance.yahoo.com/news/chinese-takeover-lithium-miner-must-181536322.html
A government source said ministers are monitoring the deal and that they could choose to intervene at a later stage, although nothing is expected imminently. It also shows comments from Dee
https://www.youtube.com/watch?v=nCST3D2p-uo&ab_channel=CruxInvestor
Matt suggests at 2 min 20 sec that the deal has fallen over and Gangfen may have to increase their bid, the first half of the interview talks about the lithium market and M&As.
Morning All, this may be of interest to some, the company are involved with lithium hard rock conversion and by-product technologies, as well as plenty more. They have a royalty with Cornish Lithium.
https://www.youtube.com/watch?v=tLRJfvUtJrY
I don't think anything will change, hopefully Dee's campaign will make an impact but in any event nothing much will change if the takeover doesn't go ahead, it will still be a JV.
My thoughts are that the Mexican Government won't want to upset the CCP, Gangfen are talking about a battery recycling plant and a processing plant in Mexico, would you want to lose the investment and p@ss off the CCP?
VW are f%@ked, or in politer language screwed, they are in danger of becoming the Nokia/Blackberry of the automotive OEMs, sorry to any VW fans but have a look at this and check out the price at 17:15 ; and bear in mind VWs current debt is 370 billion euros (£314 billion) and they want to build 6 new battery factories and have to convert their ICE facilities to EV.
https://www.youtube.com/watch?v=63wCfqSQp8c&ab_channel=FullyChargedShow
It'll be bought by Ganfeng and others and shipped to China,.
VW will be screwed because they want to build 6 factories and will have to pay additional charges which will add to there literal national scale debt .Tesla will be in a better position as they've already spoken with all their supplier and said give us all the batteries you can make.
Yangibana Project - Australian rare earth project
Cadence owns 30% of some tenements in joint venture with Hastings Technology Metals (ASX:HAS) - this is a Rare Earth Metals project and a critical resource for the EV boom as the magnets go in to electric motors. The Yangibana project is funded and due to begin construction but it is currently unclear when the areas that Cadence own will be mined. This makes it difficult to value, Hastings have a market cap of AU $400m (£213m) so I give a bare minimum value of around £5m for this asset other company research reports have valued this higher.
Yangibana Project Details
Australian Lithium Project (Lithium Technologies / Lithium Supplies Option deal with Castillo Copper)
Cadence owns 29% of a Lithium exploration company in Australia, it has recently announced a deal with Castillo Copper to transfer ownership for equity which is worth between £153k and £461k of Castillo Copper shares (LSE:CCZ) dependant on drilling results and the option being taken by Castillo.
Company Investments (as per Interim Report 30/6/21)
Company Ticker Ownership Qty Share Price Value
European Metals Holdings ASX:EMH LSE:EMH NASDAQ: ERPNF OTC: EMHLF NASDAQ: EMHYY ~9.9% Owner Source RNS 17,463,864 72p £12.57m (05/10/21)
Macarthur Minerals TSX-V: MMS ASX: MIO OTCQB: MMSDF ~1% ownership N/K AUD $0.44 £337k (30/6/21)
Celsius Resources ASX: CLA £103k (30/6/21)
Eagle Mountain Mining ASX: EM2 £153k (30/6/21)
Charger Metals ASX: CHR now 2.97% ownership £109k (30/6/21)
Total - - - - ~ £13.27m
My short term price target of 45p is based on the market realising the potential of the assets and applying a 50% risk factor on the deal, the long term target of 120p is based on the value of the Amapa Mine deal once announced as it moves towards production.
The equity portfolio limits the downside risk and the upside potential is massive.
If you are interested in following company news and updates they are available on the Cadence Minerals Subreddit r/CadenceMinerals 2.
Disclaimer: I own shares in the company, please do your own research.
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This is the link to the T212 post but you may have to sign up
https://community.**************/t/lse-kdnc-cadence-minerals-undervalued-lithium-and-ev-metals-investment-company-with-transformative-deal-news-due-soon/51579#yangibana-project-australian-rare-earth-project-5
In the mean-time the courts in Brazil have stated that the banks cannot be allowed to prevent the refurbishment and recovery of the mine and have allowed the mine’s operating company “Dev Mineração” to sell up to $20m in stockpiles (almost $10m shipped so far) and refurbishment work has already started this has included recruitment of key posts. Glencore were the buyers of the initial shipments of ore which was shipped to China and they had previously made a bid to buy the mine. The labour force in Brazil is very low cost and even lower recently due to the BRL exchange rate. The mine is also able to produce high grades of ore which attract a premium and are lower CO2 when smelted.
Reuters: " Anglo said in its 2011 annual report that Amapa was expected to produce 5.5 million tonnes of iron ore this year. It contributed $120 million of Anglo’s operating profit in 2011, more than twice that generated by Anglo’s nickel division. "
The CEO is “highly confident” that the deal with the banks will be done and is also a Portuguese speaker (Brazil speaks Portuguese). The CEO has just quarantined for two weeks to head out to Brazil to work on the project and gave an interview prior to heading out there.
More details can be found in the Company Announcement on the Amapa project deal and on the company website.
Sonora Lithium Project (Ganfeng a multi-billion lithium major buying Bacanora Lithium for £285m)
Cadence Minerals has 30% ownership of part of the Sonora Lithium project in Mexico. Ganfeng are currently undertaking a buyout of Bacanora Lithium (LSE:BCN) which held 50% of the initial tenements to be mined (Named La Ventana 1 and 2). Cadence owns 30% of the “El Sauz, El Sauz 1, El Sauz 2, Fleur and Fleur 1 concessions” which are due to be mined from year 9 of the 19 year plan with a total of 12% of the mining from this area. Given the lithium price boom it is likely that Ganfeng will want to accelerate the project and increase the production rates shortening this timeline. In my view it is highly likely that once the Bacanora Lithium deal closes Ganfeng will want to buy the 30% Cadence owns soon after to take 100% of the project. This likelihood has been further enhanced by the recent news that Mexico will no longer allow private companies to be granted lithium mining leases this is not expected to affect the Sonora project giving it an almost monopoly status among private lithium projects there and increasing its value. It is unclear exactly how much Ganfeng would be willing to pay for this asset but my personal bare minimum estimate is at least £20m but probably a lot more (almost the entire market cap of Cadence).
Sonora Project Details
https://www.mining.com/bacanora-lithium-accepts-ganfengs-391-million-takeover-offer/
I saw the below on the Trading 212 Community forum, it is not my work.
LSE:KDNC - Cadence Minerals - Undervalued Lithium and EV Metals investment company with transformative deal news due soon.
Outlining the multi-bagger potential for Cadence Minerals (undervalued EV Metals and Lithium play with transformative Iron Ore project deal)
AIM listed Cadence Minerals is an investment company that has public and private investments in Lithium, Rare earth metals and Iron ore - I believe the market has undervalued this company due to past performance associated with the prior lithium boom and bust cycle. Over half of its market cap is covered by public equities and cash, has no debt and the huge potential value of its private assets are not priced in.
Ticker: KDNC (AIM Listed)
CEO: Kiran Morzaria
Market Cap: £25m
Share Price: 17p
Shares Outstanding: 148.65m Yahoo Finance
Short term target: 45p (164%)
Long term target: 120p (600%)
Directors ownership: 1.82% (2.7m shares) Company Website
Directors options at 29p (7.2m shares) Announcement
P/E: 2.17
Amapa Iron Ore Mine (Deal pending to take 27% ownership worth £130m+)
The company is awaiting a bank creditor agreement to take 27% ownership of an Iron Ore mine in Brazil (including private port and railway) for just $6m. This was formerly owned by Anglo American with an impaired valuation in the region of $660m (£485m) and previously valued when fully operating at $1.2bn. Cadence has already funded $2.5m which is held in escrow ready to take a 20% stake (stage 1). The mine is going through a judicial recovery after going bankrupt due to a port collapse. Cadence Minerals have agreed a deal with creditors to bring the mine back to operations along side joint venture partner Indo Sino Trade (a Singapore based company). This deal would be transformative for the company as outlined in their annual report. The CEO is highly confident the deal will be completed however the market doesn’t appear to appreciate the significance of the opportunity and some impatience has crept in due to the time it has taken for the banks to get the required approvals. The mine, port and railway requires refurbishment but has approximately 1.3m tonnes of Iron ore stockpiles that can be sold to partially fund the refurbishment. Cadence has the first right of refusal to take 49% ownership of the mine if the JV partner seeks further investment.
In the mean-time the courts in Brazil have stated that the banks cannot be allowed to prevent the refurbishment and recovery of the mine and have allowed the mine’s operating company “Dev Mineração” to sell up to $20m in stockpiles (almost $10m shipped so far) and refurbishment work has already started this has included recruitment of key posts. Glencore were the buyers of the initial shipments of ore which was shipped to China and they had previously made a bid to buy the mine. The labour force in Brazil is very low cost and even lower recently due to the BRL exchange rate. The min
HL voting is out, for anyone that wants to see the wording
Bacanora Lithium plc - Takeover
Action required before midday on 11th Nov 2021.
Ganfeng International Trading (Shanghai) Ltd has made an offer to buy Bacanora Lithium for 67.5p per share.
If the takeover goes ahead, shareholders will also get 0.23589 of a Zinnwald Lithium share per Bacanora Lithium share. You’d receive this whether you accept the cash offer or not.
If you don’t want to accept the offer, you don’t need to do anything right now. However, under certain circumstances you might end up with delisted shares in Bacanora.
You can accept the offer below. The offer is expected to stay open until early November but could be closed before that.
Full details of this event will be sent to qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter and not on the summary information outlined above.
You currently hold **** shares.
Please select an option for your HL Fund & Share Account. If you have any questions please call our Investment Helpdesk on 0117 900 9000.
If you enter more than one instruction please note only the most recent will be accepted and any previous instructions will be disregarded.
Underneath is a radio button "Accept the offer of 67.5p per share"
HL voting is out, for anyone that wants to see the wording
Bacanora Lithium plc - Takeover
Action required before midday on 11th Nov 2021.
Ganfeng International Trading (Shanghai) Ltd has made an offer to buy Bacanora Lithium for 67.5p per share.
If the takeover goes ahead, shareholders will also get 0.23589 of a Zinnwald Lithium share per Bacanora Lithium share. You’d receive this whether you accept the cash offer or not.
If you don’t want to accept the offer, you don’t need to do anything right now. However, under certain circumstances you might end up with delisted shares in Bacanora.
You can accept the offer below. The offer is expected to stay open until early November but could be closed before that.
Full details of this event will be sent to qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter and not on the summary information outlined above.
You currently hold **** shares.
Please select an option for your HL Fund & Share Account. If you have any questions please call our Investment Helpdesk on 0117 900 9000.
If you enter more than one instruction please note only the most recent will be accepted and any previous instructions will be disregarded.
Underneath is a radio button "Accept the offer of 67.5p per share"