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--------------Question: So is David Lenigas, an Australian acceptable to the Mexican Govt?-------

Ref: From the horse's mouth @BCN below in the article from El |Pais in English?

I have NOT told David Lenigas yet @Twitter or sent him the article from El Pais, 24 .10.23 as I just saw it tonight.

Ganfeng, a/c to |Mr Secker, CEO of BCN wants to RE-SELL SONORA now?

Who is going to buy it from Ganfeng?

Who is acceptable to the Mexican Govt from what Mr Secker himself said in El Pais above?

LoL As they say in school, should have looked before jumping in, eh?

Its like a Bond movie LoL.

I will leave Barksy1 to tweet to DL if she choses to as she is the team leader of the 5p London party.

Nice surprise for David Lenigas as he is the right nationality ie Australian and perhaps why Elon accepted for REM to be the lithium supplier to Elon of Tesla. Why Australia? Well, its a neutral country and I am sure Uncle Sam wouldnt mind Australians owning Sonora? Isnt life strange? News, Sun, 21 Apr 2024.

[1]----"Bacanora Lithium: Nothing is off the table in fight to defend Mexico concessions."- El Pais, 24.10.23----

Link: https://english.elpais.com/economy-and-business/2023-10-24/bacanora-lithium-nothing-is-off-the-table-in-fight-to-defend-mexico-concessions.html#

"...We believe from a MEXICAN point of view, it would be BETTER to have a LITHIUM HUB IN SONORA, where they could have their own lithium, producing their own batteries, supplying to their own vehicles and then DELIVERING IT INTO THE U.S." -CEO of Bacanora Lithium, Mr S.

"Suggestions that Lopez decision to CANCEL THE CHINESE CONCESSIONS has been INFLUENCED BY THE U.S, Mexico's top trading partner, are nothing but conspiracy theories. I have heard this that before.... ----------THERE HAS BEEN P O L I T I C A L MOTIVATION FOR THIS, and we just have to work round it, the executive concluded."

-----[2] "Ganfeng open to Mexico venture on canceled lithium mine."-Mining .com,10 Nov 2023.

https://www.mining.com/web/ganfeng-open-to-mexico-venture-on-canceled-lithium-mine/

"MEXICO'S ECONOMY MINISTRY, ENERGY MINISTRY & THE PRESIDENT'S OFFICE DID NOT REPLY TO REQUESTS FOR COMMENT."

"SECKER, CEO OF BACANORA LITHIUM: While the preferred outcome is to DEVELOP THE SONORA project, ---------GANFENG WOULD -----------EVENTUALLY OPT TO SELL THE SITE. --------------No one is going to invest a billion $ unless they have some kind of security..."

Comment: The above is as Phalen and others on REM forum said: it is easier to be at Hemlo and then trucking them back to the USA from Sonora. 2nd: WELL, GANFENG WANTS TO RE-SELL SONORA per Secker above. 3rd: Well, it is the US per Secker? 4th: DL is not Chinese LoL, so possibly pass.? Too late now though since REM's bid was rejected at £1 by BCN?

HISTORY NOW.

JV WITH MEX GOV - as above article - appears no progress on that re: GAN/ So, latest GAN accounts , they are waiting for counsel's advice but so far no sound yet. So, that concludes the HISTORY of Sonora until as and when. That 's all folks. Thank you. News, 21.4.24 [Sun]

Good@jimb2

I thought about posting for some time but this Sunday, I decided many people who went to the 5p party may never find out so perhaps I should post it on the open forum so that folks are aware that the 5p REM London party figure was not pie in the sky kinda of cals. In fact, had there not been talk of nationalisation, it would have gone for the price nearer US$400m as mentioned by DL vs US$391m offered by the major for BCN. So, 5p was modest given 2.25p was £90m market cap which REM hit at one stage ie 2.25p. DL did his best but history records that there are many stones on the way. In my view, DL was smart to rush everything. Maybe, he knows that slowly, slowly might have an opening ie excuse? But that is up to the other side what they decided. But the moral of the story ends with: UP TO US$600 BILLION is something out of this world. Even Solgold's Cascabel etc is valued at $150bn and Solgold's mkt cap even today is £288m @9.6p [52 wk high 20.61p and low 5.67p]. So, the decision to DO road clearance was all not up to REM by then. The gov said that Sonora was NOT progressing the project kinda of thing and that it was for SPECULATION. Whether the chefs at Sonora can win it back, one doesnt know as that will await further developments. But if it goes to international arbitration, it will cost many millions because it will take at least 2 years to the final hearing at the earliest. It is going to be tough to argue it out and that will take some arguing with precedent law case quoted if any to prove it was not speculation. It is norm in Courts, just saying so is not enough and where is the PROOF? Ah, that is another day in Court. However, IF KDNC could put in the claim with the govt, then I am sure DL got it covered ie they did the scoping study, got Tesla off-take which would have opened the doors to capex and Seeking Alpha USA said so. Even Seeking Alpha was impressed and stunned that a small co like REM could get Tesla off-take, the No 1 electric car co in the USA. So, looks as if REM Mexico has enough proof they intended to take the project forward given DL went to one clay lithium based co to find out how to do the roasting for clay. Otherwise, the gov would not even entertain the submission by REM Mexico nor would Clifford Chance, such a world renowned global law firm have taken it on given they would have egg on their faces to even attempt it with the gov saying it was for speculation, hence taking back the Sonora licences. Anyhow, hope it turns out for REM Mexico . But I hope knowing the story HISTORY NOW will help to fill in the missing bits. Thank you. News, Sun, 21 Apr 2024. Nothing more to say after this.

P.S

IF BALLARAT GOLD TINY WEENY NUGGETTY GOLD was the rage, then ECR would be able to IPO in Australia as it must be at least a A$20m mkt cap. Why stay at £4m+ and despite spending on drilling, it is not lighting a fire under their share price? I did not want to mention it as one poster here may not like it. BUT PROOF is there. SO, AS AND WHEN THEY CAN GET A RESOURCE AT CRESWICK, NEAR BALLARAT, they will have to think how to mine it cheaply if there is enough strike. BUT THE MARKET DOESNT WANT TO KNOW and that is also FACT. Why? Well, institutions etc have experts ya know and they are very senior geo's, directors /mining analysts who know gold INSIDE OUT. But the layman knows very little and that is also fact. Hence, why they cant tell. So, I never tell them BUT NOW THAT THIS HAS BEEN BROUGHT UP BY HO50 at a POW presentation, I am forced to spell out what the NEW CEO IS TRYING TO SAY STARTING BY UMMM,AAAHHH, AAAH AND THE 1ST WORD THAT FALLS OUT OF THE NEW CEO'S MOUTH TO A MEMBER OF THE AUDIENCE STARTS WITH: "BALLARAT ---------DRILLING------EXPENSIVE KINDA OF THING. Of course, drilling long stretches of KM is not going to be cheap when bags and bags of soil is bagged and they are finding bits of nuggetty gold here and there in the tons of bags. Under the old CEO, he was more forthcoming and said in 30 big bags we found x amount. That LET THE CAT OUT OF THE BAG and they went for the guy. Maybe, the stress killed him. Dont blame him --------in Victoria, NO ONE HAS BEEN SUCCESSFUL EXCEPT AGNICO WHO TOOK OVER FOSTERVILLE MINE that had long intersections and very high grade gold.

SO, CANT FOOL THE AUSSIE AS THEY ALREADY HAVE A BENCHMARK OF THE FOSTERVILLE MINE and everything they will measure against Fosterville type drill results. ANYTHING LESS, metre here there and not that high grade, they dont want to know and that is FACT. Hence why, the NEW CEO had to GATHER HIS WITS form his demeanour-lol. In the presentation, I could see he needed a few secs to gather his answer and his legs shift one to the other as he knew it was a loaded question of which he had to be honest and upfront as so many people in the crowd. So, in the end, he TOLD THE TRUTH, BALLARAT DRILLING, EXPENSIVE. BUT SUNDAY CREEK@SOUTHERN CROSS GOLD HAS A MKT CAP OF A$200m last I saw , a night ago and ===========THEY CAN JUST GET FUNDING FOR A$10M+ JUST LIKE THAT, EASY PEASY BUT OTHERS FIND IT HARD TO RAISE MUCH AT A TIME EG ECR. SO , THAT IS PROOF. I dont like spelling anything out cos I dont want to hurt people's dreams or have to explain or teach what the NEW CEO OF POW MEANT BY "BALLARAT GOLD DRILLING, EXPENSIVE." BUT HE NEVER SAID SUNDAY CREEK DRILLING .... BALLARAT WHERE RRR WANTS TO DRILL AND WHERE ECR IS NEAR IS QUITE FAR FROM KILMORE & SUNDAY CREEK. So, new CEO of POW, never said SUNDAY CREEK DRILLING EXPENSIVE---HE AVOIDED THAT @KILMORE but the person asking didnt mention Kilmore and the moment was wasted. LoL. I am sure the new CEO of POW would not dare answer?

@jimb2

The reason why I dont post on this forum is that I dont want to argue over small details. Just I regret posting on KDNC.L telling Observer842, it isnt going to £5 soon. But my purpose to post is that since I was IN on Day 1 of REM plc, I can tell the story and it should be told otherwise, there will be a lot of upset over the 5p party in London. I did not attend as I dont live in London.

Here is the PROOF: It is from DAVID LENIGAS HIMSELF to an article which states TESLA @BCN/GANFENG.

Link: https://twitter.com/DavidLenigas/status/1375127025653059588 dated 25 Mar 2021 , 4:46.

David Lenigas tweeted: "I HAD THEM A DEAL WITH A TESLA AND CURRENT BOARD KILLED IT. FUNNY HOW THEY WANT BACK IN. GREAT ANYWAYS. GREAT FOR KDNC."

CLICK THE TWEET OPEN AS DAVID LENIGAS WAS COMMENTING ON AN ARTICLE BY THE RENOWED MEXICAN PUBLICATION, JORNADA, MEXICO DATED 25 MAR, 2021 WHICH TRANSLATED INTO ENGLISH BY TWITTER AS :"BACANORA LITHIUM , the English mining co that owns the most important lithium deposit in Mexico which has not yet entered the production phase, ------------WANTS TO BE A SUPPLIER TO THE ELECTRIC CAR MANUFACTURER T E S L A ."

One can also see the article by the leading Mexican publication, Jornada in Spanish that SAYS "BACANORA LITHIUM AND AT THE END T E S LA ." In Spanish: "ser proveedor ...de auto TESLA." Press Translate on Twitter icon to check.

The picture used by Jornada re: this article shows THE MEXICAN PRESIDENT and battery.

COMMENT: AH, YOU MUST HAVE MISSED IT JIMB2 as a lot of REM holders saw it and GOING BY THE RE-TWEETS AND LIKED. I think Barksy1 may have seen it but I posted it on KDNC.L some time ago what D.L said. Even he was quite stunned hence when that article was sent to him, he replied. THAT WAS HOW WE LOT CAME TO KNOW WHAT REALLY HAPPENED RE: REM AND TESLA OFF-TAKE OBTAINED BY DL. DL showed us a pic of him at Tesla plant. I didnt recognise the Tesla Plant but many did on this forum then @REM P{Lc. Not sure if you were here or you follow DL but many of us follow DL on Twitter and if we find something, we send it to him on public open file so every sees it. Hope that clarifies. Ah, many things were told but one finds that what they told the MEXICANS IS DIFFERENT OFFICIALLY ETC. But no, they never told DL either, hence he was stunned and let the cat out of the bag that they "killed" the Tesla deal @offtake he got for REM/BCN. OTHERWISE, WE WOULD NOT KNOW IE US HOLDERS THEN. DL never TOLD HOLDERS WHY THE TESLA DEAL WAS NOT ;FOLLOWED THRU. BUT I THINK BARKSY1 KNOWS as quite a few of us saw what DL said himself and what happened to the Tesla deal. ALL HISTORY NOW.

--------------------RRR NEW BALLARAT , VICTORIA.--------------

Thank you HawaiiFive0 for the video interview. Since you gave the time of the CEO of POW 's answer to the above at 23mins, I could find it. Let me post the REPLY by CEO of POW re: RRR New Ballarat Gold, Victoria, Australia to the question posed: "BALLARAT GOLD : N U G G E T T Y, drilling expensive. Not sure if he mentioned Agnico as couldnt catch that one. Then, the CEO explained that RRR owns 51% and that if it goes to RRR the 100%, they get shares in RRR and if they drill and DO well , then they have exposure. He mentioned IPO."

My Comment: Yes, CEO of POW is correct in that not only RRR own 51% of New Ballarat Gold JV but what I didnt know was that RRR HELD THE LICENCES but this is norm since POW is only a 49% holder and therefore RRR is the technical operator. I am pleased to hear this interview. Talkinfo does NOT UNDERSTAND what nuggetty gold is and why it is expensive to drill such nuggetty gold. This I think he is referring to the other AIM co at Creswick, near Ballarat. You see, nuggetty gold at the other AIM co at Creswick is not getting LONG INTERSECTIONS and grades are o.k to an extent. So, that means it could be SPREAD OUT over the 10km strike. I think NO DEEP HOLES HAVE BEEN DRILLED. So, that is why is will be expensive. It is also Paul Johnson's style and that of many JV's is to LET THE OPERATOR take the drilling forward and let them pay for it or get some other way round it. So, I think that means that POW cannot do anything with the 49% as they are NOT THE OPERATORS OR MAJORITY OWNER OF THE JV. Fine. However, if I was there, I would have asked Paul Johnson if he was THE CEO that since he did the commissioning FOR SUNDAY CREEK to see if Sunday Creek mineralisation extended to KILMORE @RRR/POW and Paul found it did at DONNYCREEK @200 g/t gold vs 199g/t Sunday Creek, it would make sense to go for KILMORE, NOT BALLARAT DRILLING. WHY? LOOK AT SOUTHERN CROSS GOLD'S MKT CAP AT A $ 200 MILLION REGION JUST FOR DRILLING AT SUNDAY CREEK with NO RESOURCE yet. AND THEY JUST RAISED A$10M JUST LIKE THAT AND CANADIANS ARE CLAMOURING TO GET IN , HENCE DUAL LISTING SHORTLY. ON Hotcopper, someone said A$500 MILLION MKT CAP FOR 100% SHARE OF SUNDAY CREEK. =========I NEARLY FAINTED WHEN I LEARNT THAT THE EXPLORATION TARGET ON THE OFFICIAL PRESENTATION IS ONLY 1.6MOZ GOLD.=====

---------------------------------CONFIRMATION BY NEW CEO OF POW------------------------

There you are--------the words from the horse's mouth. SO, NO KILMORE AT ALL INTENDED. BEHIND THE SCENES WHO KNOWS WHY NO KILMORE BUT BALLARAT DRILLING. So, POW'S CEO gave the reason as above which is its expensive.

SUNDAY CREEK ---THEY ARE FINDING ---------LONG INTERSECTIONS WITH GOOD GRADES AND SOME OUT OF THIS WORLD GOLD GRADES. It is A$20m to do an IPO in OZ as ASX will NOT ALLOW A SMALLER IPO than A$20m. Helpful explained to me that they want to drill Ballarat so there is a DIFFERENCE IN OPINION. Of course,

-------------------------REM 5p London party-------------

I thought I had better post the ref: BCN told the market that REM offered £1 so REM never got a chance to put out a RNS. In the BCN RNS: IT WAS STATED THAT IT "UNDER-VALUED THE BUSINESS" and NO and end of ie very terse and short. The offer was ...off before it could even get off the ground sort of thing. This is NOT USUAL at all.

Then, the major made a bid at 45p and it was put to vote and the BOARD RECOMMENDED the 45p without any comment of it under-valuing the business kinda of thing. But I think there were unhappiness so the major sweetened it a bit with the Zinnwald shares which they had anyway. SO, I NEED TO PUT CONTEXT IN FOR COMPLETENESS. Oh, there was fury about DL even though he did what he said at the party ie he will make a chess move LoL [we all guessed it was a bid anyway otherwise what else is there?]. I heard that folks interpreted DL leaving his co's on AIM as he got disqualified as a director. I CHECKED AND SOMEONE HAD INDEED GONE TO THE FCA and the FCA put out online to the enquirer that NO, DL HAS ====NOT==BEEN DISQUALIFIED as a director in Britain. So, obviously, it has to be someone but who I dont know.

Suffice to say, one can check as it is on open file. Hence, DL is Chairman of an ASX co and on Aquis as well and not sure where else as I dont follow everything. From my figures, in the earlier post today, one can see that DL's $400m USD was close to the $391m USD that the major paid for BCN. The Zinnwald I did not take into account but it is close enough. Also, there were already rumblings about the govt so it was not top $ paid. It is an irony now that the major is going their own way to take action once legal counsel tells them what to do. REM Mexico has gone their own way and hired Clifford Chance, 1 of the leading global firms as legal counsel and CC is part of the Magic Circle in London of which only few firms are in. Also, the Mr Smart who cleared the road gave the govt the opening gambit so now yes, Sonora is in their hands but by a slip of the road error, the govt has taken the licence back. YES, THE 5P PARTY COULD NOT FIND FRUITION BUT THEN NEITHER IS IT GOING TO BE EASY EITHER for the major to get the project back without SPENDING mega sums in legal fee and it may take at least 2 years. SO, NO WIN EITHER for the chefs.iSNT LIFE STRANGE. Ends the story of REM. Sun, 21.4.24. Thank you for your time as I thought I would clarify since the 5p has always been something interesting and I did the cals and what DL said about $400m M & A.

Forgot to mention. BEFORE I LANDED ON RRR upon the RRR DRC RNS recently, the Chief Resident was pretty successfully with another to get folks to such a boiling point that one chap said he is surprised that ...Bell. Thankfully, this has now calmed down as one see the bigger picture and wider issues, not just at RRR.

I was taught at school that who calls for ooolution are those who want to become THE HEAD. So , yesterday and today, I have been told this and that but now the Chief Resident has given up as I am UNCOVERTABLE. One can only do that in certain societies but not in Britain. It is far too advanced in thinking. But some one can find the odd one or two who would listen and hence why blogs use the same psychology for click bait. ie tap emotion.

Now, it is about Africa. But then, again, DRC I found out from one of the articles yesterday, it has $24 trillion of minerals and it is NO 1 in copper but some article say No 2 in the world. So, like it or not, copper is NOT COMING from Tier 1 jurisdictions but rather Africa and so forth. So, buying into majors is just also buying into Africa indirectly eg Barrick in Faso some time ago and even now in x, y, z in Africa but they are slowly moving to Tier 1 jurisdictions. For Tier 1 jurisdictions, there again, PERMITTING is very difficult with activists and many deposits are stuck. Eg Dynasty the No potential deposit ie low grade, high tonnage @Pebble, Alaska. No one would allow it due to the salmon.

As for FASO, yes, there is a military gov. but there again, going to a better place would mean more money for licences , drilling which is costly. RRR needs quick CASH FLOW so the easiest is to go, like MAKO for ARTISANAL MINING. That way, it is much higher grade. Artisanal mining does NOT WORK on EXTRA LOW GRADE. That is why the risk is not HIGH for RRR except for the initial equipment and IF Mahendren has the contacts, they can hopefully get out as well. Hence, why I said at worst, what is the situ. Worse, RRR gets out with the equipment courtesy of Mahendren.

All simple but not for the Chief Resident. Why, if what he says is correct 100%, then ALL MAJORS WILL HAVE TO CLOSE SHOP and run out of Africa entirely. Is that so? No for now anyway. So, these semantics is only good for those who dont know the ENTIRETY of the the space. Since Helpful cant be now subject to ..........um um or Bell, um um, it moves to FASO AND DRC is no good for mining. Never seen this on any forum. Hence, why I said, it will become a full-time job just to

become community notes to the Chief Resident. Sun, 21.4.24.

I just read one poster on the Havieron gold project on this site and I cite verbatim:

"Hi... I PURCHASED £502.66 WORTH of ....shares MAY 2018 at 0.582p.

6 YEARS LATER, AT 6.10P, -------UP 1,008%= £ 5 , 067. 46.

At say....

And by the way, I have it on good authority that lightning can strike twice. Link given to britannia, can lightning strike twice at the same place."

LOL: MORAL OF THE STORY:

First I checked the posters London South East profile and yes, he did register with this site 10 years ago. Yes, the share is currently 6.1p. I CHECKED GOOGLE FINANCE for max share chart and YES, CONFIRM that in May 2018, the share price was 0.57p.+ So, it matches. Then, I looked at PAGE 1 of this chaps posting history and a very nice and pleasant guy, no bad word to say of the co or CEO, call others names, bitter , etc. MORAL OF THE STORY: There is no need to PUT IN BIG MONEY IF THINGS GO RIGHT. Losing £500 will not appear to be a disaster as eating beans and toast will save it back in no time kinda of thing. THIS IS THE PAUL JOHNSON & A. BELL RESTRUCTING CO that went on to a fabled story of success. I did not get in at 0.58p. Why? Someone told me to look and they were talking of gold camps in Ernest Giles. Camps? Yeah, deposits here and there but NOT at 1 place. Newmont didnt want to JV and the price fell but Newmont later said they will drill a few holes for them kinda of thing. WATSON SAID somewhere else, there is NOTHING OUT THERE BUT SAND. LOL , turned out right. So, far NUTHIN but then Watson is a prospector and an Aussie and he bags licences to sell. I dont tend to buy when there is nuthin. I go for drilling results ie a catalyst which is safer but I DONT GET THE UPLIFT the same as someone just buying in blind. There was a MIS-PRICING BECAUSE FOLKS CANT READ DRILLING RESULTS and therefore by the time, Newcrest JV in, or Australian press plastered it in The Australian, the leading newspaper in Oz, it was too late then and the rest is history. Why? Jump in late, can revert as Helpful said to mean if worst case scenario.

So, this chap may want to hang on and if it turns up again ie lightning strikes twice ie if they can get Havieron going, then of course it can improve or it can revert. So, as I said in LIFE, look around SUCCESSFUL FOLKS - they dont have certain characteristics and their life seems more blessed.

NEXT SILVER: This same chap posted on a silver stock on this site. He said: "..stock GROUNDED AT 0.12P BY HEAVY IRON CHAINS! Not much of a binary choice for an investment for my GRANDCHILD WORTH A PALTY £400 now!! If it can survive it needs to get back to 3p within the next 9 years." [This stock he says went from 0.3p to 3p.] Again, not bitter given that this silver play is in Mexico from recall and it was common knowledge the gov was saying they want to nationalise etc.

Conclusion:

So, ye see, it is a matter of not plunging in. It was unfortunate about the silver stock. But silver in the bear years went to

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