Member Info for news

I have now read the Reddit article on EMH. It gives a good overview of EMH.

However, the writer is talking of "ARBITRAGE" between their 2 EXCHANGES ie difference in share price on 2 exchanges, hence an potential arbitrage situation which is applicable ONLY to Americans as some stocks are not offered by UK stock brokers unless they are on the main exchanges normally and even then, not all stocks from experience?

Tues, 9 Feb 2021

Mr David Lenigas [Former Executive Chairman and Founder of REM plc-name changed to Cadence Minerals plc [KDNC] has tweeted about the EMH investment he first brought into REM plc years ago, now owned by KDNC, name changed.

"EMH is flying in the USA [both quotes] and the ASX. Massive volume. Up around 30% on each. Should be an active day on London today." Tues, 9 Feb 2021
Mr Lenigas embedded an article: "European Metals: Speculating on Europe*s largest lithium co.."-Reddit com.

I have not read the article yet.

However, it is NOT surprising given what I posted below on Sun about Gina Rinehart and son*s investment in an ASX co that has a deposit in Germany but the mkt cap made me nearly fall off my chair. It would appear attention is now in Europe but kindly note EMH is NOT in Germany but in Czech Republic which is CLOSE to the German border.

KDNC currently still has a holding in EMH, so good for KDNC holders as that*s another investment come good from the days of REM plc under Mr Lenigas in addition to BCN Sonora lithium.

Kindly note that the MKT CAPS of OTHER LITHIUM PLAYS are far higher than the 2 listed London co*s ie EMH and BCN as I showed on Sun.

However, it would appear that Americans are more interested in Europe from their interest? However, note that EMH does NOT own 100% of Cinovec as opposed to the ASX co that Gina Rinehart has invested in and also that this co*s NPV is double that of EMH and BCN from 1st glance.

Link: https://twitter.com/DavidLenigas/status/1359038405892571137
or https://twitter.com/DavidLenigas

I am just posting news as I am interested in following this REM plc story and thereafter under KDNC.

Tues, 9 Feb 2021.

Sharetalk:
"Colin Bird XTR 2 holes we*ve reported have certainty, magnitude wise given a very strong indication of very big system.

We*re very excited and waiting for gold results.

I know we have got a very big system.

Everybody inside XTR is very excited."

Link: https://twitter.com/ShareTalkNews/status/1359084090453094406
[Sharetalk has embedded the Colin Bird, Executive Chairman, XTR interview with them on Sat, 6 Feb 2021 and the above is a excerpt. However, one MUST CHECK and hence the reason why the link is given as there can be errors.]

----
Conversation on this forum today and on Twitter is closely akin to what H202 asked at 10:10.
So, that is the summary of what the Chairman of XTR said ie Colin Bird as above on Sat, 6 Feb 2021. No one provided the answer.

Similarly, at Greatland which John Cornford referred to in relation to the article he wrote about XTR Racecourse-Bushranger, the CEO there also give his views on the Havieron system in his interview/s etc + RNS. So, time will now PROVE all things as it did with Havieron. All geological hypothesis is PROVED by the drill but many seasoned investors especially professional ones have to come to some idea otherwise they would not invest so up to each to form their OWN view etc.
I HAVE.

News, Tues, 9 Feb 2021.

Now 5.8p to sell and 6p to buy [not live price].
4:21pm, Mon 8 Feb 2021

5.8p to sell and 5.9p to buy.
No quote to buy even 1,000 shares.
4:19pm, Mon 8 Feb 2021

Today*s FT100 TOP RISERS:
No 1: Anglo-American +3.93% [Potential Buy-Out Partner per agreement for XTR*s Racecourse]
Antofagast +2.97% {Copper specialist]
BHP +2.74% [Mining]
Evraz 3.74% [Mining] at No 2.

So, 4 out of 5 are MINING GIANTS in copper etc.
Not bad as mining sector moving today. Mon 8 Feb 2021.
Industry news for XTR BUSHRANGER-RACECOURSE in copper, gold and other minerals?

I got a different impression from Mr Colin Bird*s interview of Sat, 6 Feb 2021.

He said it will take 6 weeks to MODEL 3 DIMENSION-digitalisation, mineralisation types, stick grades.

Also, he said doesnt know the gold assay results. Hole 1 parts of core have been sent to the lab to test and check copper and gold grades?

+ Hole 2 will be XRF*ed so that news is expected?

So, when Hole 3 Racecourse starts and the results come out ie XRF etc, then all these will be inputted into the new 3D Model.

So, I did not take away from the interview that NEXT DRILLING will start once the 3D model has been completed in the next 6 weeks.

Meanwhile, the drilling crew from Queensland [another state] will be hanging around for 6 weeks?

I am not sure but that is what I understood from the interview. Others can discuss what they think Mr Bird said?

Mon, 8 Feb 2021.

From Market Herald, Oz:
VUL completes PFS for German lithium project- Post-tax NPV Euro 2.25bn [roughly A$3.5bn]. Total CAPITAL expenditure : EURO 1.74 BILLION. Article dated 15 Jan 2021 prior to fund raise of A$120m from Gina Rinehart.

Current mkt cap from Hotcopper as earlier post: A$805.8 BILLION @A$9.05 on Fri, 5 Feb 2021.

That completes the story otherwise incomplete without the figures as above.

Relating to Gina Rinehart*s cornerstone investment into an ASX co with a lithium project in Germany [for the AFR aritcle it is on Twitter].

Ms Rinehart*s son is also an investor with some 5%+ of the co.

Ms Rinehart had already invested in this 14x share price jump of this co PRIOR to her cornerstone investment when the co raised A$120m to do the technical reports.

I do not know at the moment how big this project is but bearing in mind, Cinovec is the largest hard rock lithium project in Europe which is close to the German border, I will have to find out when I have more time.

I have just gone to Hotcopper to check on this co that Gina Rinehart and son have invested in PRIOR to the said fund raising.

I NEARLY FELL OFF MY CHAIR when this co has a MKT CAP OF A$ 8 0 5. 8 MILLION @A$9.05.
https://hotcopper.com.au/vul/

Google Finance shows this co was A 20cents in Oct 2018, 16c on 24 Apr 2019, 21c on 22 Nov 2019 and 23c on 15 MAY 2020. THEN FROM 15 MAY 2020, IT JUST STARTED CLIMBING WITHOUT STOPPING OR FALLING BACK IN ANY MAJOR CORRECTION TO THE CURRENT PRICE OF A$9.05. This co is raising A$120m in order to make an investment decision on their lithium project in Germany.

Sun, 7 Feb 2021.

Just shows London listed EMH and BCN [investee co*s of KDNC [formerly REM] vs Australian co mkt caps.

Part 4:

BCN & EMH , both investee co*s of REM-KDNC have NPV*s of roughly $1bn from recall. I have not checked the latest NPV.

So, one can see that for NPV $1bn [give and take], the mkt caps of both co*s are around £103-108m [BCN & EMH, London-listed].

So, one can see Australian, Canadian, American lithium stocks by way of NPV vs Mkt Cap [rate of progress different] at a glance to see an initial picture without further detailed analysis of rate of progress and expected income flows etc.

So, that ends the story of REM-KDNC.

As for BCN & EMH, that is for their shareholders to see where the co*s are going relating to future income streams etc.

Sun, 7 Feb 2021.

Part 3:
I have listed 2 London-listed lithium stocks ie BCN & EMH, both investee co*s of CADENCE MINERALS [KDNC] - legacy investments.

LITHIUM STOCKS
Piedmont Lithium: Surged 627% in the last 6 months.
Mkt Cap: $715m
NPV: $1.1 billion

Lithium Americas
NPV $1.5 billion after 10% discount.
LA also owns Thacker Pass, largest lithium project in the USA- After tax NPV $2.6bn at $12k/t lithium carbonate.

Combined NPV $4.6bn
Mkt cap: $2.46 BN.

[Ref: Investor Place, 29 Jan 2021. To read, just type 3 Lithium stocks Investor Place.29.1.21]

The above gives an idea of what is happening in the lithium industry both in AUSTRALIA, CANADA AND USA relating to listed lithium stocks. This is useful to see how London listed lithium stocks are rated or NOT rated?

Provides PERSPECTIVE and is norm to look at the WHOLE LITHIUM SPACE rather than just London listed lithium co*s.

LITHIUM INDUSTRY NEWS.

Sun 7.2.21

Pt 2:
WHAT WOULD HISTORY HAVE SAID?
At the time, I recall Lenigas mentioned that one of the lithium co*s was taken over for $400m+-.
Bacanora was Canadian listed. However, they decided to obtain London listing. REM on having a 20% stake could take-over BCN in Canada as their rules were different from recall.

Bacanora*s head at the time was his Lordship when Lenigas funded the Sonora lithium project relating to drilling.

SONORA LITHIUM
Now ranked No 1 in the world. However, BCN now only owns 50% having sold to Ganfeng the other 50%. BCN*s mkt cap is £ 1 0 3 m for 50% ownership.
REM owned 20% of BCN.

CINOVEC Lithium
Largest rock lithium deposit in Europe. Mkt Cap for European Metals: £108m.
From recall, they have also sold 50% of the project to a energy utility? I have to check later as I have not looked in recent times.

REM owned 20% of European Metal.

WHAT IF?
What if BCN AND EMH HAD GONE IT ALONE like the Australian counterparts etc? Would their mkt cap be still at £100m mark?

No one can answer that question today as the decisions have been taken by their respective co*s.

REM plc, name change to Cadence Minerals plc.
Owning 20% in both BCN and EMH was great foresight by Lenigas. Now, Sonora is ranked NO 1 in the world and Cinovec, largest rock project in Europe.

So, that*s the history and one for the archives.

News, 7 Feb 2021.

I will do a bit of simple maths:

European Metal [EMH] : 64p
Mkt Cap: £108m [166m shares]
52 wk high 84p, Low 8.5p

Bacanora Minerals [BCN]:
Share price 46p
Mkt Cap £103m [224m shares]
52 wk high 68p and low 15p

SIMPLE MATHS:
An investment co like KDNC does valuations of its investee co*s on a MARK-TO-MARKET basis as norm.

So, when Lenigas was Chairman of REM plc [old name for Cadence Minerals KDNS], it owned nearly 20% of BCN [give and take]. Today, this 20% of BCN could have been worth £ 2 0. 6 MILLION
[20% x £103m mkt cap]

REM plc also owned nearly 20% of European Metal [EMH]. Today, this stake could have been worth £2 1. 6 million.

So, the total comes to £ 4 2 . 2 million. Bacanora NO longer owns 100% of SONORA lithium nor does European Metal either. Bacanora [BCN] now owns only 50% of Sonora ie Ventana where Ganfeng will mine first.

So, if one grosses up both Bacanora and EMH 100% ownership, they would have been worth more but they did NOT go it alone? So, if BCN & EMH owned 100% of SONORA & CINOVEC, their mkt caps would be more like other 100% owned projects?

So, when REM wanted to take OVER Bacanora listed in Canada for the SONORA lithium project, it would have been WORTH A LOT OF MONEY - I never attended any of the London REM AGM*s and I do not know if Lenigas would have gone it alone or not? However, I got the idea that he would have sold Sonora on? Old-timers can fill in this info.

BCN was once listed in Canada and at the time, many Canadian juniors could not find funds to drill etc. BCN had a borates project and they wanted to continue with that. Lenigas found out about Sonora and said REM would FUND the drilling etc. So, WITHOUT REM*s funds, there would be NO SONORA LITHIUM PROJECT. It was one that NO ONE WAS INTERESTED IN as it was a CLAY PROJECT rather than brine etc. So, it was Lenigas who said it could be done as another co had the tech and he looked at it. There was a lot of hoo ha about clay then as it was considered somewhat unproven except for only 1 other co who had a clay project .Now, of course Sonora is now the NO 1 top lithium project in the world BEATING even the Australian ones.

I just posted about lithium news in Australia. Galaxy on the ASX & Pilbara was said by the Australian Financial Review to have TRIPLED since Sep 2020 with the rising lithium sentiment etc. Galaxy*s mkt cap currently is A$1.3 billion and Pilbara *s mkt cap is A$2.853 BILLION. Pilbara owns the famous GREENBUSHES PROJECT in Australia. From the link of 10 biggest mines, Greenbushes is listed but not as NO 1 AS SONORA.

REM
REM was a shell which Lenigas reversed into and renamed it REM plc. The 1st project was SONORA. It went from a small mkt cap of some £1m+ to £95m [0.04p to 2.25p].
So, 5p, SAY would have been £190m mkt cap for 100% of Sonora if they had been able to take it over? Looking around at co*s with RANKED LITHIUM PROJECTS 100%, can one say or NOT SAY that £190m is reason

Gina Rinehart has just taken a stake in a co that has a lithium project in Germany on 4 Feb 2021.
This is at a time when lithium prices are rising.
Australian Financial Review reported that lithium stocks in Australia ie the top 2 have risen 3x since Sep 2020 while this co that Gina Rinehart has invested in has risen 14X.

So, lithium is on the move and KDNC*sJV lithium project at Sonora is also moving with the times. However, BCN, the JV partner at Sonora is intending to mine their own lithium first rather than the JV part of Sonora?

This co that Ms Rinehart has invested in has not yet reached the stage of DFS and has just raised Australian $120m to do so. Ms Rinehart took part in this placement as a cornerstone investor although she had an earlier stake which was under the disclosure % rules.

So, industry news relating to lithium.

Sun 7 Feb 2021.

ShareTalk Tweet:

"Colin Bird XTR its about the s i z e and the 2 h o l e s we*ve reported have certainly, magnitude wise, given a very strong indication of a VERY BIG SYSTEM.
We*re very excited and waiting for the GOLD RESULTS.
I know we*ve got a BIG SYSTEM.
Everyone inside XTR is very excited." -Colin Bird, Executive Chairman, XTR Bushranger, Sat 6 Feb 2021. [1 hr ago]

Sharetalk also posted a PICTURE of the CORE.

Link: https://twitter.com/ShareTalkNews/status/1358136931280912384

I was on Twitter when I saw the latest news about Ganfeng investing another £21.8m into Bacanora to obtain another 25% stake = 50% total now.

What will history say?
I did have an idea that Gangfeng would take up the BCN stake to 50% at some time. How? I did some research on Ganfeng and another lithium play they have. They also took at total of 50% stake in that co, so reasonable that this has happened to BCN*s Sonora.

What happened to REM plc?
Well, we shareholders know that REM plc wanted to take over BCN for Sonora Lithium for £1 from recall. However, this was revealed by BCN in an RNS and then they said it undervalues the co sort of thing which is norm. So, it was not taken over as £1 was the max valuation from what I think was the advice. Todate, BCN has NEVER reached £1. So, a good offer?

WHAT HAPPENED?
As we all know, the bottom fell out of the LITHIUM market when X said Y.
Then, many lithium co*s went to the wall as there were so many lithium co*s out there.
It was a bit early but knowing David Lenigas, he WORKS FAST and he would have done the PFS etc quickly to catch the window that was still open - it was a matter of who GOT THERE FIRST and would become the big name in lithium.

SONARA LITHIUM
Oh my. The folks on BCN are now swoooooooning over Sonara being NO 1 in the world for lithium. Didnt Lenigas say so. His legacy will continue over this asset as it was REM plc money for the drill otherwise today, there will be no Sonora.

As for KDNC, I have learnt that where there is an ASSET, it is about HOLDING ON until it can be realised - this is just general observation. Thankfully, KDNA [old name for REM plc] has managed to steer through the bear mkt for lithium in general and in particular.

AMAPA Iron Ore
I listened to Alan Green over Christmas 2020 wherein he talked of several co*s including KDNC and he said that Amapa has been RE-VALUED BUT DID NOT MENTION ANY FIGURE.

All interesting.

News, Sat 6 Feb 2021
Archiving history of REM - KDNC and Sonora. KDNC has a 30% JV still with BCN re: Sonora [wider Sonora licence]. Lenigas said that this JV can be sold separately? The oldies will know more about this as I did not attend London AGM*s - too far for me to go.

Sorry, not editing as it dinner time.

News, Sat 6 Feb 2020.
Kindly check on Alan Green*s Twitter for the link & ask Lenigas if folks want to know more. Its yonks ago.

Part 2:

Per RollinInIt with thanks @15:58, Sat, 6 Feb 2021 re: New Colin Bird, Executive Chairman Interview with Sharetalk just out:

"VERY SIMILAR TO BODA & RIDGEWAY.

GEOPHYSICAL SUGGESTION OF OTHER PORPHYRIES - If one*s GOOD, they*re ALL GOOD.

So, having these WONDERFUL RESULTS AT RACECOURSE, we *re fairly optimistic for the
D I S T R I C T PLAY .

Everyone inside the co is very excited."

Ref: RACECOURSE -BUSHRANGER, Lachlan Fold, NSW, Australia.

My View:
L o L, thank you Mr Bird. No need for me to REPEAT X times about:
BODA
RIDGEWAY
CADIA-RIDGEWAY
Lachlan Fold, NSW, Australia typical grades.
Lachlan Fold Transverse Zone where North Parkes, Cadia-Ridgeway & Bushrangers are located.
No need to repeat about "Ip, Magnetics, EM etc features indicate the potential for CLUSTERS at Bushranger to be SIMILAR to Cadia-Ridgway.
No need to talk about Racecourse & Ridgeway or BODA.
I got a proper scolding initially for talking about BODA even tho the XTR Bushranger website & Presentation said so.
Oh my, this is wonderful for me not to have to repeat anymore.
LoL.
Its Mr Colin Bird, Executive Chairman, XTR who is saying all these things about Racecourse-Bushranger himself - from the HORSE*S MOUTH.

News, Sat 6 Feb 2021 @6.25pm

Link: https://twitter.com/ShareTalkNews/status/1358072064750608385 , 2 hrs ago, Sat, 6 Feb 2021 at 5:55pm.

From what I could make out:
"Bushranger, Lachlan Fold, NSW, Australia under, XTR:

Feature attention, quite a lot of attention.
Some know a little, others know a lot of porphyries - SIZE , NOT GRADE.
INDICATION OF A VERY LARGE BIG SYSTEM.
XRF - Standard for Lachlan Fold, CADIA-RIDGEWAY & North Parkes.

Model 3 dimension-Digitalistion- Mineralisation types-Stock Grades.
DONT KNOW GOLD GRADES-ASSAYS.
PERFECT MODEL - 6 weeks.
GRADES- NOT PARTICULARLY WORRIED.
Significant drilling programme.

RACECOURSE - FOOTROT- WONDERFUL RESULTS
OPTIMISTIC ====D I S T R I C T P L A Y===
SIZE-doesnt move as fast.

News will come in. MATERIAL CHANGE-shall I buy, shall I not buy."

71Mt- SYSTEM BIG.
BIG-HOW MUCH ROCK?
Usually LOW GRADE BY DEFINITION.
Inside co- PROSPECT 2021 ."

"Copper production-Zambia."
"Manica-going well on ALL FRONTS."

My Observation:
XRF readings for Hole 2 expected? Gold assays from lab also awaited.
News will come in per material change at Bushranger.
As I posted yesterday, Fri, 5 Feb 2021 about Bushranger and its clusters etc from XTR Bushranger Presentation of Apr 2020 and write-up about Bushranger, Mr Bird himself now talks of:
-------------------"RACECOURSE - FOOTROT---------
==========Wonderful RESULTS=======
---------Optimistic D I S T R I C T P L A Y." [Colin Bird, Sat, 6 Feb 2021 Interview @Sharetalk]

I am not sure if Mr Bird mentioned any other prospect at Bushranger as I could ONLY hear about Racecourse & Footrot. HOWEVER, DISTRICT PLAY means the WHOLE OF BUSHRANGER?

News, Sat 6 Feb 2021. @6:10pm.
DYOR. Kindly listen and check.
XTR share price: 5.9p -Mkt Cap £45m mark approx.

With thanks from the Tivman for link:
"Top 10 biggest lithium mines."-MiningTechnology.com

https://www.mining-technology.com/features/top-ten-biggest-lithium-mines/
No 1 Biggest : Sonora Lithium
First drilled with REM plc funds in JV with Bacanora. REM later named Cadence Minerals [KDNC].
REM was a shell and David Lenigas, Chairman undertook the 1st project ie Sonara lithium project. REM went from a shell mkt cap to £95m ie 0.04p to 2.25p. One of the biggest risers at the time.

Now, that vision has been realised as Ganfeng has now just taken a 50% stake in BCN [Bacanora] relating to the Sonora lithium project, Mexico.

Archiving history.

News, Sat, 6 Feb 2021

Part 3:
RACECOURSE - Hole 3 next.
Per today*s RNS, Fri 5 Feb 2021 - XRF relating to Hole 2.
So, more news to come as Hole 3 will be drilled higher re:" 3rd dimension."
------
BUHRANGER - XTR
"At Bushranger, Multiple IP, Magnetics & Geochem features INDICATE the potential of the project to host a CLUSTER of copper gold porphyry deposits SIMILAR to CADIA RIDGEWAY."

Ref: https://xtractresurces.com/wp-content/uploads/Bushranger-Summary-Presentation_April-2020.pdf [Xtract Apr 2020 Bushranger Presentation]

[This is to be read in conjunction with the earlier post ie Part 2 pertaining to Bushranger]
------
Colin Bird, Executive Chairman, XTR Racecourse-Bushranger:
"Kimberlites CLUSTERS all diamonferous, SAME STORY with PORPHYRY."
"Hole 1-Beyond target, 800m modelled. 900m -1040m still going.
1km. "
"End up? 1100m -Confident of bigger ones-Cadia Ridgeway-North Parkes."
Ref: Interview with Zak, Sharetalk, 18 Jan 2021.

STORY OF BUSHRANGER - Await further news.

News, Fri, 5 Feb 2021.
DYOR.