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[1] ROAD PIC OF SONORA DATED APR 21, 2021 @BACANORA LITHIUM ON TWITTER POSTED BY THEMSELVES:
Link: https://twitter.com/BacanoraL/status/1387280538109624321 [See detailed tweet]
[2] "BACANORA LITHIUM & GANFENG ANNOUNCE TERMS OF POSSIBLE CASH OFFER FOR BACANORA."-DATED 6 MAY 2021.
https://twitter.com/BacanoraL/status/1390275707914313728 6 May 2021.
[50 replies in the thread. LoL- 1 of the posters here is repeating the same thing he said on this forum. ]
[2nd and last tweet AFTER the above tweet with pic. So, ---------15 DAYS LATER-----------OFFER.
This is the last Bacanora tweet and pinned].
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
Not sure if you were here @REM plc on this forum but it was like a "mad" house with hundreds of posts running into the night. Ask Barksy1 as we all had a lot of fun then. Everyone was chirping on. PALEN and many others said that the NEAREST for SONORA is to just cart the LITHIUM across from SONORA , Mexico over to the USA BORDER and TESLA was close by. SOME EVEN SCREEN SHOT MAPS OF SONORA , MEXICO TO THE TESLA FACTORY OVER THE MEXICO BORDER and onto USA @Tesla. CHEAPER and DEMAND was there and they wanted lots of lithium, so it made LOGISTIC SENSE. EVERYONE AGREE @REM PLC FORUM THEN. Exporting abroad needs to get to A PORT, then by SHIP and then dock and into containers, then ON AND ON. SHIPPING COST, TIME TAKEN ETC = not so profitable. ACROSS THE BORDER AND NOT TOO LONG A DISTANCE BY ROAD OR TRAIN AND ROAD, NOT SURE as it was a long time ago this was all discussed.
OTHERWISE, WHY DL GOING TO TESLA TO GET THE OFF-TAKE?
So, what the chefs say to the Brits is not what is actually happening cos the tweet is from DL and the article is what the chief of BCN told the Mexican gov etc. EVERYONE ALSO KNOWS THAT GANFENG SUPPLIES TO TESLA -that is in the public domain. So, us on REM plc here did KNOW anyway who Gan supplied to ie Tesla and others. All public knowledge. Too long now to call up as REM plc has been deleted by this site. But that DL TWEET IN REPLY AS SAID AND THE ARTICLE BY JORNADO, MEXICO, the leading publication IS PROOF and EVIDENCE OF WHAT I SAID. Hope that clarifies. Sun, 21.4.24.
@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.
Typo: Many things.
FOR BALANCE: Watson commented when asked about ECR type of nuggetty gold in Victoria. I think he said he could sell them a GRAVITY MACHINE. In other words, if there is ENOUGH NUGGETS, then IF THE STRIKE IS VERY WIDE IE RUNNING INTO 10-13KM, then they will have to grind if needed and get the small tiny nuggets out via gravity machine. That may be the cheapest option but certainly it will NOT be suitable for an expensive PRODUCTION METHOD as they do with the normal gold operations. So, from what I understood from Watson, the Australian , its like the layman getting out the nuggetty gold via using the hand held scanners. But some Australians are getting EXCAVATORS TO SCOOP all the ore , be it with tiny nugget or not and then processing it. IN OTHER WORDS, A BIT BETTER THAN MOM POP OPERATIONS. Watson does like to explain in detail since he said GRAVITY MACHINE IS THE SOLUTION BUT IT WILL BE QUITE TIRESOME to get loads of earth etc to put through the gravity machine. That is what they may have to do at Creswick. I dont know as Watson is not around on this site. But I do met him on Hotcopper but I dont want to ask as he doesnt like answering. It is only when he is in the mood that he lets out info. Watson was the CEO/MD of RRR on admission and is a prospector and he bags licences in Australia for exploration. POW doesnt like to spend money so they like FARMING IT OUT and looks like Paul Johnson's style is continuing. So, they are letting Bell, RRR get on with it. I do not criticise as I am not the CHAIRMAN OF RRR and what I want, I dont get. That is fair. News. 21.4.24 Sorry for typos - long day, eyes tired and I wear dark sun glasses to shield my eyes, hence mistakes.
Yes, Nike1980: NUGGETS HIGH GRADE CAN WORK OUT, HENCE SUNDAY CREEK IS GETTING THE HIGH GRADES IE HIGHER THAN THE 199 g/t au gold. Kilmore had 200 g/t gold and that is why it is Paul Johnson who did the commissioning to see if KILMORE @RRR/POW HAS THE SAME ===========SUNDAY CREEK MINERALISATION and it does @KILMORE -DONNYCREEK of RRR /POW.
----------------------------BALLARAT VICTORIA.--------------------
Unfortunately, ECR is NOT FINDING HIGH GRADE and intersections are in the 1m or a bit better intervals which is not lighting the market, hence the mkt cap is still quite low and not like Sunday Creek. SUNDAY CREEK @SOUTHERN CROSS GOLD , ASX, IS FINDING GOLD AT HUGE GRADES like 1,000 g/t [see Helpful's link to Southern Cross' latest presentation mnar 2024[ . I dont have the info with me. But the huge grades are not long intervals. BUT SUNDAY CREEK IS GETTING LONG INTERVALS/INTERSECTIONS AND THAT IS WHY THE MARKET IS SITTING UP IN AUSTRALIA AND IT IS THE HOTTEST GOLD PROPERTY IE LICENCE. OTHERWISE, WHY ARE CANADIANS WANTING TO BUY IN and the CEO of Southern Creek Gold, ASX said they were GLOBAL INVESTORS = perhaps Americans who can buy Canadian stocks. THE MKT CAP PROVES IT vs ECR , still at £4m+ but at one stage £6m. IF THEY ARE GETTING THE SAME RESULTS AS SUNDAY CREEK AT NEAR BALLARAT, THEN THE ECR MKT CAP WOULD BE JUMPING LIKE CRAZY. Only, of course Brits dont understand and I dont blame them since they are not nuanced in what intersections must be or grades. DYOR, NIA.
DONT LISTEN TO ME ---------IT HAS TO BE PROVEN AND I AM UP FOR THAT. TIME WILL PROVE MANY THING.
One day, KILMORE , VICTORIA , AUSTRALIA ----------WILL BE DRILLED----------I AM QUITE SURE OF IT. THEY HAVE TO.
WHY? THEY NEED TONNAGE IE AN EXTENSION POTENTIALLY TO SUNDAY CREEK. Any example: LIONTOWN LITHIUM HAS A BIG RESOURCE in W.Australia. But they have now JV into the NEXT DOOR which the AIM minnow had mapped to be potential pegmatites , both North near the Liontown border and in the central part. So, I am SURE IT WILL BE DRILLED but WHO WILL GET IT EVENTUALLY, I DONT KNOW. THAT I WILL WAIT TO SEE eventually.
LoL, leave the power to be since they do what they think is their view. But with your post HawaiiFive0, I am right that it is so murkey no one knows who is who. BUT I DO KNOW MAIDIT308 , ME AND HAIWAIIFIVE0 are genuine posters who have been around for a long time. I dont go for what HawaiiFive0 goes for ie AIM co's but I have seen his postings here and there on this site. But I think that FUNDING, RRR this and that is going to be repeated and it is too tiresome to do continual community notes to correct wrong info. So, I will take leave and let folks get on with it. BUT ONE WAY OR THE OTHER, I AGREE SOMETHING WILL HAVE TO GIVE ie RRR NEWS UPDATES VIA RNS and that will be something one will have to wait for. HENCE, ========OPTION MONEY ============AS TOO MANY UNKNOWNS at the momo. News, Sun, 21 Apr 2024.
Contd:
Of course there is some risk in going for KILMORE FIRST. Why? It will require quite a bit of STRIKE @Kilmore and also UNLESS DRILLED , one will NOT know if there are LONG INTERSECTIONS like Sunday Creek. I think I hear the CEO Geo of Southern Cross Gold, ASX stating they go up to 1,000m. Ah, that is expensive drilling. To do that, one will need an AUSTRALIA GEO OF RENOWN to PULL THAT TYPE OF FUNDING eg A$10m recent funding just for drilling. But unless they find some good initial results , no one is going to FUND. But since they have made PROGRESS, then yes, they can get big funding. SO, I SUGGESTED TRENCHING TO FIND OUT WHAT IS AT KILMORE BUT SILENCE so I gather the powers that be are NOT GOING FOR KILMORE PERIOD. So, that ends that. Fine but I am not keen then. NOR DOES IT LOOK LIKE THERE IS FEVER BREAKING OUT FOR BALLARAT EITHER, OTHERWISE, BY NOW, ONE WOULD HEAR THAT THE IPO IS ON ITS WAY IE FORMS FILLED, BROKER CHOSEN ETC. DL CAN GET THINGS DONE QUICKLY SO NO SOUND MEANS THE AUSSIES ARE UMMM, UMMM , AHHH which one knows over a passage of time, what it could mean. LITHMUS TEST: IF STILL NO SOUND, THEN PROVEN THAT THE INTEREST IS NOT FEVER PITCH FOR BALLARAT DRILLING AND OF COURSE BROKERS IN AUSTRALIA GIVE THE PUBLIC WHAT THEY WANT , AND NOT WHAT A CO WANTS TO SHOVE AT THEM. THE POINT IS EVERYONE KNOWS WHAT IS GOING ON AT THE BALLARAT AREA -----------IT IS PUBLIC KNOWLEDGE with an AIM drilling and getting x here, y there. THE CEO OF POW AT THE PRESENTATION REPLY TO A QUESTION STARTED WITH "BALLARAT" and I dont know if he knows about KILMORE since the person ASKING did NOT CORNER HIM ON KILMORE. So, the wait continues but I think there will be no shift as the powers that be says NO. End of. One day, KILMORE WILL BE DR
--------------------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,
Hawaiifive0
Your 2nd report makes it very clear now and fits in your thesis at the end. ONE QUESTION: So, me, you and Maidit308 are "inconvenient" to have on this forum and especially me with community notes LoL. Why? The aim of what has been posted is to talk about funding repeats.
However, that does not explain WHY HELPFUL is also NOT WANTED ON THIS FORUM. Whilst I was reading a few posts by the Chief Resident here and there, I saw that he objected to Helpful posting on this forum despite what the chat rules says.? So much so, I saw the TITLE OF ONE OF THE POST BEING THE NAME OF A SOLICITOR and it was said that the solicitor said this and that and I think even a complaint was taken up. It was late at night and I dont think it was very clear either. WHY IS THIS? SURELY, THEY WOULD NOT MIND HELPFUL given he does "now" Chairman Bell, RRR?
Doesnt make sense unless this is about DRC and IF THE CO DOES NOT SURVIVE with so much noise, then there is they think, end of the DRC matter? Any clarification or enlightenment would be appreciated before I hop off to enjoy summer.
Thank you. News, Sunday, 21 Apr 2024. I agree that sooner or later, something will have to give and hence I am only in for option money Why? Things are very unclear at the mom.?. DYOR. NIA.
-------------------------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.
Rest of my post didnt come up. To go to £400,000 at £5 would mean the stock goes to £30 BILLION MKT CAP. Glen is £57 billion. This share at 6.05p has a current mkt cap of £307m. It only has 30% of a 6.8moz gold deposit = 2.52moz gold. Helpful said in M & A, $30 USD per oz. First Equity gave US$25 per oz years ago. So, 2.52m at US$30 = US$75m vs £307m currently at 6.05p. But no one has the heart to tell him that. As for the silver stock, it went 10x down but I just checked and it has recovered from 0.12p to 0.22p @£13m MKT CAP currently. IT WAS NEVER GOING TO MAKE IT - Silver price is low and it was US$6 at one stage. So, the silver AIM explorer was not a TIER 1 potential, hence why it did not do well.? I am not an expert in this stock as I dont go for non-Tier 1 potentials.
NIKE1980: Yes, I was talking of Havieron and I went in after the 5 hole drill results. No one could read the results so I had a chance then but it was 1.3p, not 0.57p that this chap got in with nuthin found. By the time, The Australian newspaper splashed it in Australia, then the Brits woke up and those who chase had to get in more expensive and their risk increases. Of course, the higher the price the more risky if it weakens when traders sell out etc. I could be punting into all sorts of bottom fishes but some may even go bust. Hence, why I dont want to waste my money and go only for potential Tier 1 at low prices and if results come out which is fab. Safer that way. It is about mkt cap as well to watch.
BASICS : Pretty easy to learn and its all for free.
So, have a nice weekend. As Maidit308 said, its the noise that is not helpful to anyone. With noise, it is going to and fro with replying and answering the same thing for the x or y time. Better to enjoy the summer which is never that long ie all year round. Lots happening meanwhile and blessed that we dont have to pay $25 for olive oil in the U.K. Saw it from an Aussie this afternoon. Sun, 21.04.24.
Yes, Maidit308 : Yes, something that is positive for those who have gone from 10p to 1p. Can also go from 1p to 10p.
BOTH SIDES of the story unfortunately. Helpful said; PRINCIPLE: RETURN TO MEAN. That is what I mean by DONT JUMP IN WITH LARGE SUMS dreaming its going to turn into some fabled wealth. Hence, why I said I dont invest large sums for risker AIM stocks. A modes amount is SUFFICIENT. I did not dare to type up what the chap said next in the rest of the same post. He said IF IT GOES TO £5, THEN £400,000+ from the current 6p. If at £5, it would be a big mkt cap as currently it is £307.97 Million @6.05p. THAT WOULD REQUIRE
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
Last part:
DL has gone on from REM plc days. But in real life, he has been credited by the commercial world for Sonora and now advises "Family Offices" per his Linkedin. WH Ireland said that many made from REM plc. So, those that lost got in at the height as norm. But , but. As for DL, he has NOT yet produced any BIG MAJOR TIER 1 deposit like Sonora. So, many just jumped in thinking this is KING MIDAS. Doesnt work like that. Any examples: Folks will recall Dr Burry of the "Big Short" fame and he has an entry in Wikipedia. But after that, he set up a hedge fund and took a short on Tesla via puts but that did not turn up. Same with ROARING KITTY of GAMESTOP fame. All quiet now.
Cut the long story short: LIKE HORSES, a trainer cant have a Grand National Winner every year. Or prize winning jockeys winning the Grand National every year.
LoL : I think Brits are not used to DL , an Aussie. I have listened to Twiggy and his corporate history and it was said he can talk the hind legs off anyone but no one would listen in Oz but the Chinese did. LoL. So, in listening to Aussie, I had to learn that they mean different things to Brits. In Asia, when they say, NOD, they only mean I hear you, not necessarily Yes.
So, that ends the story of REM plc. Yes, Jimb, I am aware of Ganfeng as I read their financials and they are awaiting legal counsel to advice etc. But that is no longer of concern to REM plc in so far as the story of its history goes. But suffice to say, that my instincts were right vs folks that sang the praises of you know who. Oh, he is a serious chap vs DL. I prefer people who talk rather than the quiet ones. That proved CORRECT. Then, it turned and oh my, the things said on BCN forum cannot be repeated about X or Y there ie the chefs.
Part 2:
--------------------------REM PLC LONDON PARTY 5P-----------
So, at 5p given 2.25p was £90m-------therefore at 5p it would be some £225m or at current FX of £1=US$1.24 , = US$279m vs US$391 PAID by Ganfeng for BCN.
DL from what I could perceive was saying that IF there was a takeover, the last M & A for lithium was $400m.
LoL, Ganfeng paid US$391m plus a few shares in Zinnwald.
As for Tesla, it is well known that even if the terms were attractive, it would not always be so, as it would draw other off-takers and it is all by private contracts, not disclosed by any lithium producer as norm. However, in more recent times, Australian big lithium majors are conducting OPEN LITHIUM AUCTIONS and they are getting better prices. The recent prices in lithium was due to using lepidote, a cheaper version but is more problematic to produce.
FORUM:
Please dont chide me as there are always folks jumping on any little dot. If there is a different view, then just correct if folks want to. But I was here on REM just after DL took over the shell and it was really a ....hearing the naysayers all day about the funding. If no funding how to drill? Cut the story short, it went from 0.04p to 2.25p. Like many other stocks where investors get into, it is a see-saw. Look at Havieron for example. The share prices swing.
So, that is the story of REM plc from my account of days here. Sun, 21.4.24. No doubt, Sonora will be of interest in time to come but that will be another story.
Yes, I am aware that it would have been covered. However, on Twitter, it is still of interest under the Mexican thread and there is nothing new yet as to how Ganfeng is proceeding. However, interesting, REM plc is doing its own thing.
I thought I would review Sonora, in particular and in general. I have thought further about the 5p REM party in London. LoL, I didnt attend. However, DL said that he would make a chess move. YES, THAT DID HAPPEN - REM offered £1 for BCN @Sonora which was turned down. But it was BCN that told the market that before it could be announced by REM. I note that over at BCN forum [now no longer exists], the chances of them voting for REM was almost nil. Why? My word, some leading characters from this forum were over there d...iiii REM & DL. Meanwhile, even Seeking Alpha an American site was impressed by DL's obtaining a TESLA off-take. Why? Who has heard of a tiny AIM co being able to obtain a Tesla off-take? A/c to Seeking Alpha of which I posted the link to and seen by some, they said that FUNDING was not going to be a problem. Funding as in capex etc. Cut to the chase: DL's Tesla off-take deal was REJECTED by the BCN folks per DL on Twitter later. I sent a Twitter article that BCN & et al [the major] was going to SUPPLY TESLA!!! DL replied on open forum on Twitter to say, that was the same deal he got at Tesla. DL said that lithium M & A was around $400m and this was during the time that the prices of lithium was pretty good. REM went from some 0.04p to 2.25p and at 2.25p, the MKT CAP WAS AROUND £90M+. So, 5p would be ========SOME £200M. ===REM PARTY IN LONDON. Fast forward, GANFENG took over BCN for US$391 MILLION [Ref: "Bacanora Lithium accepts Ganfeng's $391m TAKEOVER OFFER."- Mining.com, 27 Aug 2021. POST OFFER & NATIONALISATION BY MEXICO OF SONORA: Observer942 posted on this forum that HAD DL taken over Sonora/BCN, he would have got the MINE UP AND RUNNING. Yes, when REM was just a shell, the drilling was done very quickly and DL worked like mad. Also, had DL not done the Scoping Study for their part of Sonora at some NPV $1bn, then today, KDNC would NOT be able to speak to the Mexican govt. Why? No valuation so that was also what Seeking Alpha said was a good move by DL. MEXICAN TREASURY REPORT; SONORA IS OFFICIALLY VALUED AT "UP TO US$600 BILLION." I posted that on the KDNC.L page with link. BEHIND THE SCENES: That one will never know but suffice to say £1 by REM was rejected but some 45p from the major was accepted by BCN. Today, the Mexican govt has given the official reason [per their account] that BCN & major did not "PROGRESS" Sonora [exact wording more detailed] but the govt did not agree that a road or starting to build or clear some trees or whatever meet the criteria of progress, so called. BUT IF REM GOT A MINE GOING, IT WOULD BE HARDER TO TAKE IT, AS UNDER INT. ARBITRATION, THE SUMS INVOLVED WOULD BE BIG ie compensation if the govt lost. So, just posting what final conclusions I have gather
Error: Choose, not chose. Holes, not hold.
LoL Helpful. ARBITRAGE between Shanghai & London markets in gold. I was reading last night, about surface area. The smaller the area, the less chance of tungsten in it LoL. This was from one of the experts. The young in China are pretty savy in buying gold beads. I have seen pictures of them in nice glass containers. It is cheaper and less expensive as no workmanship is required. It is akin to a piggy bank one is used to as kids. However, their govs have told them to buy silver. Guess it is more affordable. All very bulky and cumbersome. Any wonder why the recent case of gold in machinery?