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Excellent @jimb2.
I quote verbatim from your article: " Lopez Obrador recalled the CONVERSATION with ELON MUSK was very productive, on 2 OCCASSIONS and HE WAS VERY RECEPTIVE." Dated 1 Mar 2023.
With Elon, never say never? Anyway, TESLA 's Gigafactory is awaited. I already posted about " M E X I C O - SILICON VALLEY FOR GREEN ENERGY." In the Reddit group , it is started under CADENCE MINERALS. But the Reddit group ended 1 year ago and they DONT KNOW WHO IS THE EV GROUP/S PARTICIPATING IN SONORA so that is awaited.
REM-KDNC
I am surprised that there is SUCH OBJECTION just discussing SONORA which is a VALUABLE ASSET TO CADENCE VIA REM MEXICO. CADENCE MKT CAP IS £7M and covered by EMH and Evergreen but will not cover the £7m if sold from my cals last night. But others can do further sums as I am not up on all the investments. AMAPA will take some time and it is useful if SONORA can be sorted out. IT IS A VERY MAJOR ASSET TO CADENCE-REM MEXICO. So, why no interest on this forum, I am not sure. But I will leave it to ya all. Franky is on the other RRR forum and I see everyone has gone so I had better take my leave as well. Thank you. News, Tues, 23.4.24.
[1]"Bacanora Lithium prepares arbitration for the cancellation of its concessions."-Expansion.Mx [English available], 16 1.24
"Co.....having tried to N E G O T I A T E with the federal govt to recover the concessions and NOT RECEIVING A RESPONSE. Peter Secker...would DEFEND the concessions with legal action --he told the Expansion, MX. " "Filing arbitration etc."
https://twitter.com/RedChinaALatina/status/1748400333242368075 16.1.24 Read the article as there is "tension" between BCN [G?] & gov and Litio etc not replying etc.
[2]FROM THE FAMOUS JOE LOWRY:
"You can forget about lithium development in Mexico for the foreseeable future...UNLESS ELON TAKES THE SALT SHAKERS to Sonora to work SONORA to work the magic his fanboys expect. Desperate times call for desperate measures. MEXICO THE NEW BOLIVIIA OF LI." -Tweet by Joe Lowry dated 19.2.23 https://twitter.com/globallithium/status/1627349607159066624 Lowry embeds an article by Reuters: " Mexico's Lopez orders ministry to step up nationalisation."
[3] Amy tweeted: " TESLA likely will place GIGAFACTORIES NEAR LITHIUM DEPOSITS in the future as their supply chain gets more localized. TESLA HAD A DEAL SOURCING LITHIUM FROM S O N O R A ." Amy has a vertified status on X and she embedded an article: " TESLA EYES MEXICO EXPANSION, EARMARKING A NEW EXPORT HUB NEAR SONORA LITHIJM D..."-Proactive Investors.
[4] "TESLA ASKED TO START CONSTRUCTION OF MEXICAN FACTORY IN MAR AT THE LATEST AS ELON MUSK FRETS ABOUT INTEREST RATES..."- FORTUNE, 24 Feb 2024.
So, the TESLA and Mex gov agreement for the Tesla Gigafactory is well known. I have other links as well if wanted ie govt chasing Elon. If there is an agreement and if Elon doesnt build in time etc, there could be more chasing etc. No one has seen the agreement but the general info is known. Hope that clarifies tomcat-14.
Tomcat-14
If you are asking me, then I can provide the courtesy of a reply. The above is already known as above so NO NEED to verify. Why? You can look at "Reddit: Could TELSA Mexico revive this 2015 lithium supply deal or be the start of Tesla mining.?- 1 yr ago. Type this title into the search engine to view. EV posted the links 1 yr ago but they were awaiting then the formalisation of talks with Tesla. Now, Tesla is going to build the MEXICAN GIGAFACTORY to ship to the USA. In the Reddit thread, they also have a LINK to Mexican Govt speaking to car manufacturers etc relating to SONORA Lithium. That is FACT now given the link to Claudia Scheinbeum, Mexican President Front Runner in recent days saying that Mexico is going to develop Sonora with their own Geo's etc and they have SPOKEN and TRAVELLED abroad relating to this. @jimb2 would also be aware since EV and jimb2 have also spoken ie convo but not maybe on this thread. That is why I came to post because KDNC.L has closed down like other site - I can get into it if I want but I came to chat to see if anyone knows anything else. EV, Degsie, Obs, Barksy1 and the Club REM have disappeared - Barks is on leave chilling.
@jimb2 Thank you for the courtesy of your reply. NEWS just OUT: "US to take aim at Chinese banks aiding Russia war effort."-WSJ reports, 23.4.24 from The Standard. "THE US IS DRAFTING S A N C T I O N S cut off some banks off from the global financial system." Call up the title to read.
Why some banks? There are mega banks like HSBC and if they cut that as well, then it will affect everyone in the West as well given some of these global mega banks are in the UK as well. So, the above is just a series of articles out today and therefore, it would now appear that is the reason why SONORA [GAN/BCN] is a political issue as said by one article.
Interesting that BCN should have gone it alone with REM. But oh , well, that is life. Thank you. Tues, 23.4.24.
@jimb2
I will run through a few points with you if I may. 1st of all, the REM'ers are NOT here except you & a few others. The rest are either at Reddit Wall St Bets or elsewhere @Club REM. Given you spoke to OBSERVER842 last wk, I will summarise what I know and found out TODAY. So bear with me given there are 3 CLUBS @REM. ==Reddit was aware that the MEXICAN Govt was holding talks with TESLA 1 yr ago. WHETHER REM CLUBS know that there is an OFFICIAL AGREEMENT as per the title above I dont know. Because there is an LEGAL AGREEMENT, the gov is chasing TESLA to START CONSTRUCTION ON TIME IN MEXICO @GIGAFACTORY. Reddit REM Club also knows that the MEXICAN GOVT have conducted TALKS WITH CAR GROUPS TO BE PARTNERS @SONORA LITHIUM but REM Club cannot confirm if it is TESLA that will be helping with Sonora. But the above title states SO.
SONORA LITHIUM: So if TESLA STARTS CONSTRUCTION etc in Mexico, they will be getting LITHIUM FROM SONORA. BCN /GAn said Sonora lithium in production WILL BE THE LARGEST IN THE WORLD. SONORA LICENCES NATIONALISED AND TAKEN BACK FROM GANFENG/BCN & REM MEXICO. Not up to me to postulate who will get the licences - up to each one to keep their hopes it may be Gan/BCN but from the link I gave, the gov will NOT COMMENT so doesnt look too positive.
Not surprised as the govt have already held talks re: EV vehicle partners and Club REM thinks it is TESLA. The title as above suggest it could be.
REM MEXICO : The KCNC RNS was 16 Nov 2023 saying they have appointed Clifford Chance to speak to the Mex gov re: discussions and negotiations but todate, KIRAN HAS NOT UPDATE whether they got a welcome or cold reception, the latter of which Gan appears to have got. WHY SO LONG OF NO SOUND --OVER 5 MONTHS NOW. EVEN IF GOVT SAID NO, THAT IS ALSO POSITIVE AS FILING FOR INTERNATIONAL ARBITRATION CAN TAKE PLACE. SO, KDNC HAS TO JUST LOOK FOR A FUNDER and there are quite a few firms doing that . AVZ got A$20m to fund int. arb vs DRC gov and interim ruling in AVZ's favour. Clifford Chance would NOT have taken REM MEXIC'S CASE ON IF THERE WAS ABSOLUTELY NO CHANCE so one assumes there is enough legal material.
KDNC RNS: It could just spring out one morning and only possibly 3 scenarios: [1] NO, IS THE ANSWER FROM THE GOV. [2] YES, BUT THE SUM IS NOT AS LARGE AS MANY MAY WISH FOR like Bannor wants $150m or £150m. [3] Not sure if WH Ireland has given a potential payout valuation given the broker note is NOT fully seen. [4] Some compromise. The Sonora situation is actually important to KDNC as it would help if a resolution is achieved.
I checked Degsie and he last posted in Mar 2024 so cant ask if he can get the WH Ireland note to see re:Sonora. I have seen an S & P GLOBAL note on SONORA valuation. So, over to you or anyone else if they care to share notes as to where we all are at. Thanks. Tues, 23.4.24 Not editing. Just came in.
Interesting. This site has been closed down as one cant get it on search. Have to go through search kdnc.pl externally.
Degsie is no longer posting since Mar 2024.
So, research is thin on the ground for KDNC.
Tues, 23.4.24
----[1] "NAGAMBIE MINING TO ACQUIRE CLONBINANE GOLDFIELD."-PROACTIVE INVESTORS, 1 JULY 2014.
Said that Nagambie would truck to Nagambie mine , 60km away for heap leaching and their cost is around A$600.
Also, that VICTORIA gold tends to be NUGGETTY and hard to evaluate, develop etc vs CLONBINANE WHICH HAS DISSEMINATED GOLD, not nuggetty.
------[2] "CLONBINANE GOLDFIELD TRENCHING"-ASX Ann, 31 Mar 2015 [Call up the title to read - see pics]
"15 trenches for a total of 989 metres. Geo logging - 3D MODELLING. Assays. Trial excavation & bulk sampling."
---------NAGAMBIE THEN SOLD CLONBINANE TO SOUTHERN CREEK GOLD [or rather to the parent Mawson of Canada and Mawson IPO Clonbinane to the ASX @Southern Cross Gold IPO> The rest is history.
---------------CLONBINANE WAS RENAMED OR NEW NAME========SUNDAY CREEK.==========
RRR IS NEXT DOOR AT KILMORE TO SUNDAY CREEK [CLONBINANE].
Would like to ask Helpful ---------IF KILMORE HAS DISSEMINATED GOLD LIKE SUNDAY CREEK [CLONBINANE] or nuggetty gold like in typical Victorian gold fields?
Trenching--seems the trenching done by Nagambie WERE NOT VERY DEEP LOOKING AND VERY NARROW. So cheap to do.
Tues, 23.4.24
Last night, Mon, 22.4.24, I posted on this forum without the noise of the main RRR forum.
Link: https://coha.org/mexico-tesla-agreement-mutually-beneficial-or-one-sided-arrangement/ -COHA, 18 Mar 2023
Comment:
[1]Initially, BCN /Gan would sell to TESLA and sent the Sonora lithium across the border to the USA where Tesla factory was.
[2] State of the TESLA gigafactory coming to MEXICO - I posted what was happening as well eg from Bloomberg etc.
[3] I have today located the AGREEMENT BETWEEN THE MEXICAN GOVT & TESLA TO COME TO MEXICO to build the gigafactory as above. -------SURPRISE, SURPRISE --LITHIUM IS COMING FROM SONORA.!!! --PART OF THE MEXICO GOVT & TESLA AGREEMENT SIGNED.
Then, Tesla exports vehicles BACK INTO THE USA. BCN now says SONORA IS GOING TO BE THE BIGGEST LITHIUM PRODUCTION PLANT IN THE WORLD --ah back that is now not possible as BCN/GAN is now out of the loop ie licences NATIONALISED.
Isnt that interesting? Sorry, yesterday was meant to be short and sweet but I did not realise jimb2 wanted a to and fro.
It is now short and sweet. Tesla says they are still going to build and construction etc ...MEXICO SIGNED THE AGREEMENT WITH TESLA and they are chasing the agreement. DYOR, NIA. Tues, 23.4.24 Finished posting. Thank you.
Ref: Tweet by DL referring to a article about BCN/GAN supplying to Tesla of which link was posted yesterday.
Found out on Hotcopper Australia that SUNDAY CREEK was bought from NAGAMBIE RESOURCES [NAG] , ASX. Sunday Creek was called CLONBINANCE GOLD FIELD. NAG did T R E N C H I N G at Clonbinance, Victoria 31 Mar 2015. Southern Cross Gold, ASX bought Sunday Creek from NAG.
Paul Johnson commissioned work on ----------DONNYBROOK GOLD MINE-------to see if the SUNDAY CREEK MINERALISATION EXTENDED TO -------RRR/POW KILMORE. It did via Donnybrook gold mine. I have now found info on Donnybrook Gold mine. It is 12 KMS and HUNTER VENTURE MINE -----IS IN THE CENTRE----- OF THIS SYSTEM.
https://www.mindat.org/loc-251520.html ["Richard Hunter discovered GOLD 6KM SOUTH WEST OF DONNYBROOK in 1897.
There is also DONNYBROOK GOLD ON FACEBOOK -gold prospecting.
VIDEO: "GOLD FEVER SETS IN AT DONNYBROOK GOLD."- 1 yr ago.
https://www.youtube.com/watch?v=knqxzNGbwpo Lithium Valley Rocks Prospecting.
This video shows the trenching is not deep and some drilling via horizontal drill. 23.4.24
-
||LoL
I have just looked at several pages of your postings on this forum. What I found was very interesting.
Especially, now that you quote HANWA and every the paragraph is separated like OBSERVER842 style, exactly.
I can remember his going on about HANWA.
Observer842 stopped posting and his last post is on INSP. Even breaking PARA'S USING
===
is typical of his style. So, there is a fan of Observer842 here, hence the style Good night, Sir. Got it solved. 22.4.24 [Mon]
So, I will now LEAVE it to BARKSY1 since I have never contacted Kiran. Barksy1 can inform him.
However, the 1 point that I was trying to make in my post before I went astray was that REM SHOULD HAVE SUCCEEDED IN THE TAKEOVER OF BCN given Lord Orr & DL has some sort of understanding. Moreover, Lord Orr passed.
Now, SONORA is a mess because neither REM nor GAN have Sonora anymore. Gan has NEVER included REM in any co-operation , hence both co's have not approached the Mex govt but rather each is going their own part. Many REM 5p London party would appear very aggrieved due to all the MISSED INFO on the stock forums, esp about DL. But facts show that what DL told the REM at the party, there is going to be a chess move, that he did. BUT IT MUST HAVE STUNNED HIM THAT IT WAS REJECTED IN THE WAY IT DID, AND NEVER PUT TO BCN SHAREHOLDERS despite it was a generous offer of £1 vs Gan's 45p initial bid. Seeking Alpha of USA felt that the TESLA OFF-TAKE WOULD HAVE OPENED THE DOORS TO THE FUNDING OF THE START OF THE PRODUCTION @SONORA. THIS MANY OF THE REM 5P PARTY DID NOT KNOW ABOUT AND THAT BCN/GAN WAS GOING TO SUPPLY T E S L A [link provided]. So, now that so much of the info has come out, REM'er at the 5p London party should be informed. That is history now but going forward, at this time, SONORA MONEY WOULD HELP CADENCE. So, I will now leave it to Barksy1 since she organised the party and knows who all the REM'er are. Hopefully, IF DL is informed, he can say something knowing that the gov is not going to grant what Uncle Sam is not happy about per Bloom reporting. Hope that clarifies. Mon, 22.4.24 Ta Ta.
Link to GAN DEBT: $3.42bn vs Mkt Cap $9.23bn.
https://companiesmarketcap.com/ganfeng-lithium/total-debt/
WHAT ONE WANTS TO ACHIEVE IS A RECOVERY FOR REM 5P LONDON PARTY PARTICIPANTS.
Hence, why folks need to know about REM Sonora and the awaited update due. Mon, 22.4.24.
The point was I was making was that from looking at just the spend @Gan, they are not in recent day, into mega investments. Therefore, IF, US$391m paid for BCN/Sonora was just loose change like a dime to a billionaire, then international arbitration would not be on the agenda per their latest a/c, pending legal counsel's advice. I have just checked and it is correct: GAN DEBT IS "AS OF SEP 2023 IS US$3.42 BILLION."!!! [Mkt Cap $9.23B @$5.03.
That appears to be not a small debt load and hence why they want to recover their US$391m paid for Sonora which has now been nationalised. THAT IS NOT REM'S CONCERN BECAUSE REM DOESNT RUN GAN. Hence, that will also be Gan 's dept given they will realise how they got into this mess? Well, they have to ask the OTHER OZZIE, not our DL, the Aussie Chairman of REM. Why? ACCORDING TO THE AGREEMENT [informal or otherwise one is not told nor privy to but DL said they were sort of agreed ie he and Lord Orr] REM would have taken over BCN@Sonora. Otherwise, why did REM acquire close to 20% of BCN and a/c to Canadian rules, that is the threshold for takeover vs 29.9% UK. DL told the ole timers about the Canadian rule. So, that is GAN's biz as to sort it out with the genius that advised them. Suffice to say, Gan has gone their OWN WAY and all the article and KDNC RNS of 16.11.23 does NOT MENTION GAN AT ALL. HENCE, CADENCE APPOINTING CLIFFORD CHANCE, LEADING COUNSEL FOR POTENTIAL INT. ARB. IS FOR CADENCE and GAN gets on with their side. Not the choice of REM MEXICO given the JV partner was not amenable to even DL/s offtake deal with Tesla and killed it per DL on Twitter [LINK GIVEN].
What we need to ascertain is what is happening FURTHER TO THE NEGO/DISCUSSION with the gov ---------and what is being done with funding ie seeking no win no fee legal counsel ti file the claim? It is now OVER 5 MONTHS, and perhaps Kiran will have to ask counsel and INFORM THE MKT. I hope that clarifies. Problem here is, I am not sure if you are part of the private forum for REM, set up due to the noise here. IF YOU ARE, THEN YOU MUST BE NUANCED TO EVERYTHING I HAVE SAID except maybe some things I had not posted in recent times. So, there is a lot of confusion as I dont know what you know or dont know and you are just as puzzled. BARKSY1 IS ENJOYING HER TIME OFF AS SHE SAID SO NO ONE TO ACT AS INTERMEDIARY as to what A is saying and what B understand or is not informed. This is why there is confusion.
Contd
If ordinary people like those in the days of REM etc knew that Uncle Sam would NEVER ALLOW a Middle King^ co to take one of the largest lithium clay deposits in the world and set the production factory in Sonora which is a/c to the old timers, a stone's throw from the USA @Tesla. Now, Tesla is COMING to MEXICO and therefore, it is PROVEN THAT MEXICO IS SETTING UP =========="THE SILICON VALLEY OF GREEN ENERGY.======== Is it a co-incidence that the Presidential Frontrunner appointed or approved by the current President is an expert in energy?
GAN: Sooner or later, they will wake up given there were already whispers then so how did they get in and pay US$391m. In recent times and days, Gan has invested a few millions BUT NOTHING LIKE US$391M so to them , it is a LOT OF MONEY going by what I have checked of their recent investments. Maybe, they have used up too much $$$ for Sonora NOT aware or told that there were ALREADY FLAGS not in their favour. IN REM/S FAVOUR : YES DUE TO FIVE EYE and UK is 1 of 5 and so is Australia. So, the BIG MISTAKE was to go with what UNCLE SAME WOULD NOT ALLOW to be so near the border to US. In discussions on this site, folks pointed out that if a big co set up in SCOTLAND TO THE BRITISH BORDER, it too will NOT be allowed. So, the rationale was known to all laymen so how did Gan not know or did no bird tell them?
AH WELL, THAT IS HISTORY NOW. SO, DL IS MORE NUANCED THAN HIS FELLOW OZZIE. Why? He hurried whilst the other cleared a road and the next moment in 15 days SOLD SONORA away to the C major as shown on their Twitter feed to which I gave the link to show the pic of the clearance. This is what the gov picked on. So, DL must know from experience that it is not wise not to hurry and get things going. LoL.
LITCHFIELD: NOW CALLED EVERGREEN.
Next to Finniss, NT, Australia. Looks like they found big pegmatites per the latest RNS. So, hunch correct given it is NEXT DOOR to Finniss. That was the lithium project I was keen on.
Lets see what Kiran says. Thank you.
Contd
one does NOT allow the opposing party to linger. After a reasonable period , the answer or no answer will suffice. Then REM will have to obtain FUNDING and quite a few co's offer funding for a cut of the compensation. Herein, the REM scoping study provides the underlying value metrics.
KIRAN: Perhaps he is busy with Amapa. I have checked Co House for REM Mexico today and yes, bells are ringing. So, someone has to give Kiran a call as he may have completely forgotten about Sonora with so much to do at Amapa. But shareholders ARE LONG OVERDUE on an update which is PRICE SENSITIVE NOW.
REM 5P PARTY: I am aware many held pretty large stakes. DL is a sympathetic person from what one perceives per Twitter . Thus, Amapa was the replacement set up by DL after the Sonora fiasco of the takeover by the major. Perhaps DL can now do something given BCN/GAN is not what WC wants and it is public knowledge now, even Blooms is reporting on it.
So, any resolution of Sonora would help the REM 5p party folks a lot given the gov let the cat out of the bag ie up to $600BILLION valuation for Sonora. Kiran must also be asked about the VALUATION METRIC FOR THE CLAIM GIVEN THE REM SCOPING STUDY DONE AND COMMISSIONED BY DL CAME TO AN NPV OF SOME US$1BN+ and is favourable to the NPV of Bacanora. So, compensation ICSID is standard either on FAIR VALUE or VALUATION metric [ I looked it up].
Time is running on and perhaps DL's help is also needed. I decided to post this further info once Barksy1 posted given Barksy1 arranged the REM 5p London party. Forgot what Barksy1 said was the treat. I only recall Barksy1 said the food was TOO SALTY. I think the party was THE EVENT THAT WAS THE HIGHLIGHT OF REM LoL. Mon, 22.4.24. Sorry for errors as I am not editing and wearing tinted glasses to cut out glare so not very ideal.
The order of news:
[1] "Mexico PUSHES TESLA to start GIGAFACGTORY construction soon, but it hesitates."-Electrek, 19 Feb 2024.
[2] "TESLA courts CHINESE EV Supplies to Mexico===STOKING FEARS IN WC."-Bloomberg, 14 Feb 2024.
[3] "TESLA layoffs will NOT affect MEXICO Gigafactory plans."-Auto Spies, 18 Apr 2024. https://www.autospies.com/news/index.aspx?submissionid=1211025
[4] "Faulty CYBER TRUCK steering wheel part made in MEXICO."-Daily Mail. 1 wk ago.
Comment: One will see that the TESLA JIGSAW discussed during the REM days and David Lenigas obtaining the TESLA Offtake [the opening gambit to funding via off-takes was the key to unlock Sonora then] now coming to fruition. How? LoL, TESLA WAS COGNISANT THAT LITHIUM & LABOUR ETC in Mexico was the ideal since it is just across the border to USA Tesla. This is even more advanced that just supplying LITHIUM TO TESLA USA OVER THE BORDER FROM SONORA, MEXICO. Why? =======TESLA IS COMING TO MEXICO & CYBER TRUCK IS BEING MANUFACTURED IN MEXICO.=====
However, it does NOT look very positive that GAN will be allowed to operate @SONORA but from the above Bloomberg article, it does look now that it is a "POLITICAL ISSUE". That is outside the scope of REM plc who are NOT a C. co but London listed with no affiliations etc to ...so not stoking any ...with WC. If one looks at the whole picture, all that DL planned , HE DID CARRY IT OUT but no one could have FORSEEN that a fellow Ozzie /Mining Engineer would go their own way instead of co-operation with REM. Why? It is now obvious and proven that the ROAD CLEARANCE gave the govt the opening gambit and selling to GAN was a disaster. EVEN SHAREHOLDERS DISCUSSING IT were aware of Uncle Sam not allowing it due to nat sec. and now PROVEN RIGHT. ALL THE PLANS WITH LORD ORR AND DL WERE TO SET UP SONORA AND IF THIS WAS CARRIED OUT, TODAY, IT WOULD BE DIFFERENT AND WOULD BE NOT STOPPED IN ITS TRACKS.
Claudia Shabeum is an appointee of the current President so it is likely he approves of her plans to get MEXICAN TECH and to this end, they have already done work, visited countries to probably get know how. So, if one looks at this seamless succession plan, it does not look too hopeful when the gov would NOT EVEN COMMENT on the proposal by GAN JV with the gov.
REM VS GOV: The RNS was dated 16 Nov 2024 and it is now MORE THAN 5 MONTHS since appointing Clifford Chance, leading international counsel. Clifford Chance is nuanced in international arbitration. Int arb centres are in Paris, Washington DC, London and Geneva. In another case involving a AIM co and DRC, legal counsel said that a/c to the Treaty of Rome, arb is to take place in London or Geneva. But for AVZ vs DRC, the arb. took place in Washington DC. By now, REM Mexico would have heard from the gov as to whether they have decided to settle or not. IF THEY WONT SETTLE, that too is O.K as that is the answer needed for submission for the writ and filing for int. arb. Even in normal litigation, one d
Contd
given I was told on this forum that NO, BCN WAS NEVER GOING TO SUPPLY TESLA but to Korea and so forth. So, thankfully I could locate the ARTICLE WHICH STATED WHAT MR S. BCN CEO TOLD MEXICAN LEADING PRESS. Some will know that what is said on British soil is different to what is said to the Mexican govt and official statements to Mexican leading press & newspapers. I tend to follow both Mexican and British press on Sonora. Recently, I realised that what DL told us via open Twitter MAY NOT HAVE BEEN SEEN BY MANY on this forum. All this about $400m M & A was by DL on open and public twitter. Barksy1 used to follow closely and so did I. So, I do sympathise with the REM 5P LONDON PARTY and I know how it feels especially since we were told on this forum about DL this and that. SO, THE RECORD VIA PROVEN EVIDENCE IS NOW POSTED and I would rather not have posted but I must do the right thing so that everyone at the REM 5p LONDON PARTY can see the evidence and decided what happened. Unfortunately, the Ozzzie did not support us etc?
The rest is history now but the record must be set right. But if those who knows the most from following the early 1st days or REM plc under DL could cobble together the WHOLE STORY with PROVEN EVIDENCE. I posted the Seeking Alpha USA article as well and Oberver842 & Barksy1 saw it. So, I close and take my leave. I dont need to post anymore and I am NOT RAINING ON ANY BODY'S PARADE. Mon, 22 Apr 2024. IT IS ALL WAIT AND SEE FROM HEREON. BUT SINCE SONORA WAS REM PLC, THE STORY IS OF INTEREST TO THOSE AT THE 5P LONDON REM PARTY AND WHAT ACTUALLY HAPPENED WITH EVIDENCE NOW SEEN.
-----------MEXICAN GOVT DEBT US$926.6 BILLION, FEB 2024 vs US$197.7 @DEC 2005.------------
Juxtaposition the SONORA, Mexican Govt Official Treasury Valuation [see KDNC.L for link which I have posted before]
came to US $ 6 0 0 BILLION. So, in taking an OBJECTIVE and balanced view, one can see that the SONORA lithium deposit means a lot to Mexico ie $926bn USD vs $600bn USD Sonora lithium.
SONORA -SILICON VALLEY [Mexican Govt Plans]:
As President of Mexico, the most important is the national interest ie Sonora and the valuation. Come what may, politicians come in on votes and it will depend on the will of the people. The frontrunner for the next President of Mexico is an academic who is very highly qualified in energy etc and she comes from a very highly qualified academic family. So, it is obvious, she is approaching the Sonora lithium project with an academic eye and for Mexico. There are implications of the concessions taken from Ganfeng as per the BNAmericas latest article in that Ganfeng wants to sue the govt and that remains to be seen if they file for int. arbitration/annulment. The official reason per BNAmerica article is that they did not put in the required investment kinda of thing. The proposal of GAN JV with Mex govt has been met with silence per the article I posted. Time is running on and REM Mexico CANNOT delay and hence they hired Clifford Chance, a renowned international legal counsel to speak to the Mex govt for "consultations & negotiations" and it is positive that the govt is at least in to them. Why? Kiran did not say in the interview or RNS that it has been rejected etc. In what I read, it appears clear to me via the latest BNAmericas article below of recent days, that GANFENG IS NOT IN ANY WAY JOINING IN CO-OPERATION WITH REM MEXICO/KDNC for ANYTHING RELATING TO SONORA [JV partners]. So, hence, KDNC in the Nov 2023 RNS did NOT MENTION GANFENG etc. So, REM Mexico is on its own and if KDNC delays, there is a time limit to file and to initiate their rights. THE 1ST PROCEDURE IN INT. ARBITRATION as is it with ordinary litigation, is to SPEAK AND ENGAGE FORMALLY WITH THE OPPOSING PARTY TO AGREE A SETTLEMENT. IF THE OTHER PARTY WILL NOT SETTLE, then it paves the way to file for international arbitration and this is what every Court wants to see before any co can file. BUT FOR GANFENG, THERE IS NO PUBLISHED OUTCOME as to whether they have taken this 1st needed procedure. But that is up to them. It is also clear that this NON-JOINT CO-OPERATION to approach the govt appears not new, even in the days of BCN, otherwise, some sort of shared co-operation would have happened or at the time of the takeover, REM could have been included or at least some discussions etc. Of course, please pardon me IF MY SYMPATHIES are with REM holders at the 5p London party. That was my motive to post what I know given I sent DL the article about BCN/ GOING TO SUPPLY TO TESLA to which thank goodness I could LOCATE the DL TWEET AND REPLY given I