Member Info for news

It is now 8.50am in Sydney.

Greenland Minerals & Energy Ltd [ASX:GGG] up +12% at 14c with a mkt cap of A$166.7m. [KDNC said they are watching their neigbours GGG]

Hastings Metal Techn [ASX: HAS] is also up +14.3% at 16c with a mkt cap of A$150m. [KDNC JV in Yangibana, Australia rare earth in W.Australia]

Comment:
There is still wall-to-wall coverage from the big hitter publications from the US etc on the Greenland story and the minerals. So, rare earths has been said to be the hot topic. Hence, both the 2 rare earth bigger stocks in Australia are moving in tandem to the rare earth story especially that which is in Western jurisdiction considered Tier 1 jurisdiction.

Wed, 21 Aug 2019 12m/n

The FT has written further about Greenland, 8 hrs ago.

Essentially, it appears that the US has signed a MOU with the govt there re: rare earths. Since the tweet to DL re: 4 players in Southern Greenland ie GGG & Kvanejfeld, TANBREEZE [Greg Barnes], REM Greenland + 1 other co [probably private listed as named in Adam* Intel].

That tweet was sent to Neil Hume, FT Editor of Commodities.

They have now CONTACTED Greg Barnes and have intereviewed him. I believe that newspaper reports said that Greg Barnes is a Perth based family.

So, only 1 more person to interview ie DL, Founder and the Chairman of REM plc who got this asset licence for shareholders with thanks and appreciation.

Hope to hear more. That*s all.

Its on Twitter.

Tues, 20 Aug 2019 at 12.25 noon.

On other forums, they are discussing why the market is keeping their stock in a narrow range. This seems to be a pattern these days? Well, one commented that the buying is not sufficient.

Secondly, the 10% customary short stock also is a factor.

So, perhaps to truly re-rate, one day we may see an RNS that the market may not expect given Greenland is in the news and in particular GGG & Kvanejfeld in almost every reporting in the US & globally.

Or there is a deal. However, it was interesting that from Adams Intel, the nearby can send their ore to Kvanejfeld to process. How that works out remains to be seen. Suffice to say, the US Secretary of State [Carla] has visited Kvanejfeld AND TANBREEZ [privately owned] in Greenland whilst the USGS is doing field work at Kvanejfeld. GGG has RNS*ed this although the Tanbreez bit came from another article from recall.

So GGG is Australian listed, Tanbreez is owned by an Australian geo [Greg] and REM plc*s Greenland licence that abuts Kvanejfeld also had its Australian Chairman, DL.

Someone on the main board said that if the takeover of BCN by REM plc had taken place, then by now we would be PRODUCING. I do not think the money men would have allowed REM to make any higher offer than the £1 valuation. What happened - no one knows.

On the main KDNC board, many face ...so in keeping up with how to win friends and influence people [book], it would be better to leave discussion to topics that are popular at the time. Serious valuation or industry news is of little interest etc.

With thanks.
Tues, 20 Aug 2019

A few thoughts:
1)The Hannan note on Cadence talked of "catalysts" re: Bacanora which essentially is re: funding for the mine build. So, the market is also aware of this "mkt rule" and a/c has marked up KDNC shares in light of that "principle/rule" by which the investment community play by.

The play book is also about "valuation". I am cognisant that having calculated by simple maths, how much is the JV worth on the open market [Gangfeng part M & A] which came to £10m, it did not meet with favour, to put it mildly.

However, in the Hannan [licenced to do valuations by the FSA etc], they came up with US$11 million in mid-2018. The exchange rate is currently £1=US1.2 instead of the higher rate. Since one year has passed since the Hannan note, Gangfeng did NOT produce valuation out of the air as they all have INVESTMENT BANKS to do their valuations. Therefore, the figure has gone to US$12m [+10%] since mid-2018 = £10m [Diff between US$11m in 2018 & £10m in 2019].

When DLenigas offered £1 to BCN to take it over some time ago, it could not have come from anywhere other than an investment bank*s valuation to cover themselves. Today, VSA Capital has put a target price of £1.14 on BCN from recall. So, again, upped by 10%. I note on that forum it was said that VSA was a commissioned note. Nevertheless, ALL firms are calculating basic Business Finance metrics and usually every investment house*s cals only show a small variance.

Hannan figure of 0.87p and WH Ireland*s at 0.9p for KDNC at their respective times show the normal variance.

These figures are no longer live because the KDNC investments have changed. However, it was of interest as to the values of the JV.

I have gone to a London-listed co forum that is in Greenland. Rod who used to be the head in GGG was on SKY NEWS talking about Greenland.

Due to all the hooooo haaa, perhaps, KDNC is no longer able to give interviews of the like?

On the main KDNC board, I note many newcomers and no one is talking about roompers? Why? So, it looks as if it is selective towards ALL the old-timers who are naturally interested in valuation from Hannan/WH Ireland and from what the FSA recognises as authorised & licensed to do cals.

Suffice to say, the more accurate a holder can understand the "valuation" models, the easier one can ascertain value, not at the back of the envelope eg Gilby with a t/p of £4+. Many do not see the FULL broker note. Since the Hannan note is on open file, one can then adjust [NOT do new cals] for mark-to-mark live prices of KDNC*s investments. In the US, NO one does their back of envelope cals as the whole mkt plays by the playbook.

Tues, 20 Aug 2019
KDNC is up on the 2RNS re: Hastings rare earths & Bacanora [KDNC JV*s] as they move closer to "catalysts" as Hannan terms it but not quite there yet?

Hastings Technology Metals is also up +7.14% at Australian 15c, mkt cap A$131.3m.

There is a RNS: "WA Minister for Environment has granted an Environmental Permit for Yangibana rare earth project."

Link: https://hotcopper.com/asx/has/

Comment:
So, both KDNC*s rare earth interests are moving and rare earths is in the news.

Greenland Minerals & Energy [ASX:GGG] up +8% at Australian 13.5c with mkt cap of A$148.8 million.

On Hot Copper GGG, poster "nro" at 11:28, Tues, 20 Aug 2018 posted:
"A target for US is Greenland Minerals, an Australian co that has generated a good deal of excitment since it started operating....2007 to develop Kvanefjeld, which is home to many rare earths."

"More than 100m tonnes of ore believed to be sitting below the surface and the project is expected to BECOME ONE of the LARGEST GLOBAL PRODUCERS OUTSIDE CHINA."

Nro*s link is from Australian Mining . I quoted the exact para*s from the Guardian in the UK.
Nro: "News keeps rolling in of US targeting GGG as the President heads to Denmark..."

Link: https://hotcopper.com.au/asx/ggg/discussion/

Comment:
What is the link between GGG [ASX] & KDNC? Cadence Minerals on www.cadenceminerals.com [click projects: Greenland] said that the co is watching the progress of GGG pertaining to their own Greenland 100% licence that abuts Kvanejfeld.

So, there is a difference between buying Greenland and the interest in GGG as one does not need to buy Greenland to be a buyer of GGG or JV etc?

Just getting a cup of tea.

Thanks Obs.

A tweet has been sent to DL, Founder of REM re: Greenland licence and also sent to Neil Hume, FT Commodities Editor since the FT produced the $1.1tn figures + $500-700bn for Greenland*s rare earths.

Mon, 19.8.19

This Greenland news is running on and on. I have not posted further articles ie new articles from New York Post etc.

So, the market can no longer just ignore the Greenland licence. For this reason, we need to know the exact location since there is such confusion which side it is on. One can stand on 1 side and think its east but it is not east. So, that is not price sensitive for Kiran Morzaria to show us [CEO].

Also, is this the SAME licence that was subject to an RNS with grades better than Tanbreez Greenland? Is this also the same place that GGG did the exploration for REM then?

The market has to now sit up and await further news from KDNC which is to come via an RNS especially about the licence as they know more.

"Why does Donald Trump want to buy Greenland."-The Guardian, 4 hrs ago, Mon 19 Aug 2019

https://www.theguardian.com/us-news/2019/aug/19/why-does-donald-trump-want-to-buy-greenland

Quote:
"Greenland harbours some of the largest deposits of rare earths..."

"A target for the US is Greenland Mineralss, an Australian co that has generated a lot of excitment...in 2007 to develop the Kvanfjeld mine which is home to many rare earths."

"More than 100m tonnes are believed to be sitting beneath the surface and the project is expected to become one of the LARGEST GLOBAL PRODUCERS outside China."

"The FT in a mock assessment of Trump*s bid, put a price of $1.1 trillion on the combined value of Greenland*s mineral and defence assets."

Comment:
On REM, I posted that the FT $1.1tn comprised $500-$700 BILLION for the rare earths. The article said that Greenland is 1/4 of the US. Also, the deposit is a more surface one. From my previous research, they have not gone deeper yet which may hold more rare earths at Kvanejfeld.

In one of the articles, GGG said they are drilling east of Kvanejfeld at Sorensen. So, is the REM licence on this side of Sorensen?

From the GGG Oct 2018 Perth Presentation: "Lujavrite ore seam OVER 50 SQ KM thru Northern Ilimaussaq complex." From Cadence website re: Greenland, their licence is 21sq km. So, does 1/2 run into REM Greenland or KDNC Greenland?
We need to ask Lenigas or Kiran Morzaria, CEO.

REM-KDNC Greenland is 100% owned and no JV partner so it may be up for sale as and when, after from Forbes, even GGG want to sell?

As for the licence, I looked thru 11 pages from the Greenland Authority re:licence and only 1 is in yellow ie under review and Rare Earth Resources Ltd [KDNC] is in blue like the REST and marked "ACTIVE" licence.

So, is it just waiting for the new date cos the licence is around 5 yrs? Need to ask KDNC if the licence has been approved from what I saw and the date to be made known by Greenland Authority soon?

Lynas Corp with a huge mkt cap of billions was supposed to be the biggest rare earth producer outside China, now GGG is next. Sooo, REM - KDNC Greenland - the co has to now make known if the licence has been approved as it appears ? . This is now PRICE SENSITIVE INFO re: KDNC [REM] GREENLAND.

News, Mon 19 Aug 2019
With thanks Obs. Rec.

Hannan: www.cadenceminerals.com
Sonora Lithium 30% Joint Venture: Bacanora & KDNC: Value US$11 million
[I used Ganfeng*s buy in of BCN & via simple maths got £10m for 30% KDNC*s JV to just counter check. So figs are quite close]

Yangibana Rare Earth 30% JV: Hastings HAS:ASX: Value: US$34.3 million
£1=US$1.2 {£28.58 m}. I checked how much is 30% of HAS*s mkt cap=30x A$131.3m=£23.17m} just to see if % is used like WH Ireland. =======
US$45.4 million/£37.8million

Not in the Hannan note:
Auroch [nickel] on ASX: AOU: KDNC owns 6.7% £262,000
Clancy Exporation, now Sagon Resource [ASX:SG1]: KDNC owns 3.9% -
Macarthur Minerals: Iron ore [Canadian listed MMS] : KDNC owns 10% £1.3m
[SP C0.7, Mkt Cap: C$21.383m & £1=C$1.62
In the Hannan note:
European Metals : KDNC owns 19.2%
[Mon, 19 Aug 2019, SP of EMH is 18p = £27m mkt cap, so 19.2%= £5.184m

In the WH Ireland note per Observer842
per 19.8.19 post at 8:09: "Valuation"
"In 1 of WH Irelands coverage reports a few yrs ago, they estimated
our Greenland could be worth 20% of Greenland Min & Energy [ASX:GGG]
who own the world class Kvanejfeld rare earth project, Greenland.
REM plc owned 100% of the licence that abuts Kvanejfeld. =£16.62m
GGG sp is A 12,5c, Mkt Cap A$148.8m, £1=A$1.79 x 20%
Illustration only & Hypothesis.
https://lse.co.uk/profiles/observer842/

Listed Investments:
MMS+AOU+SG1+EMH = £6.746 MILLION {not included small % of BCN]
MINUS £3.5m in loan notes = £3.264 million in credit or in the BLACK, 19.8.19
--------------vs KDNC mkt cap of £10m at 0.10p.

NOTE:
As to when Sonora JV can be sold will depend on when someone takes out BCN.
Same with Yangibana. However, both have a valuation by Hannan of £37.8m.
Stage 1 of BCN will be for 18 yrs and Yangibana 11 yrs.

GREENLAND
The Forbes article posted on this forum today, Mon 19.8.19 is of
interest if 20% in theory could be worth £16.2m.

MARKET
So, the market is currently giving KDNC a PREMIUM over its listed investments of £6.36m [£10m mkt cap minus credit of £3.264m]. The market is giving £6.36m for everything else.

So, thanks to Observer842 for the info. Now, I know how long to wait for the lithium JV*s. So, Amapa meanwhile is of interest as it could provide the cash-flow side if the project goes through. Then the Picasso + 2 other Australian licences could be for the future. Greenland will be the WILDCARD now with the Forbes article about GGG/Kvanejfeld.

Thanks. I am happy with my own perception which did NOT change any of Hannan*s note. However, open to re-calculations as there can be errors.

KDNC : Debt vs listed investments
From the Hannan note, it shows that KDNC owns 20.4% in EMH from recall. It is now about 19%+. Today, EMH share price is 18p with a mkt cap of £27m.

So, KDNC 19%+ comes to £5.4m if 20% or a bit less as not sure what the up-to-the-last-minute figures are.

This does not include Auroch [ASX with some 6%+] & Clancy [ASX with som3 .9%], Mcarthur at 10% [Canadian listed].

The notes are £3.5m or a bit less from recall. I have not kept up but the main forum knows the latest figure.

So, £5.4m without Auroch, Clancy & Mcarthur added in yet MINUS £3.5m say= £1.9m AT LEAST IN THE BLACK ie +.

For that reason, the Hannan note on the JV*s is of interest which is posted below.
That does not include the Australian 3 lithium assets with 100% interest in the licences nor Greenland which is now in focus.

Mon 19 Aug 2019

Seem that attending the KDNC AGM 2019 is of importance on the main forum.

The train fare from a main station to London day return is £150+ and someone in the press mentioned he paid £300+ from London to the North direct return.Then, there is the change of trains. Then 2 nights in Central London at £150 per night = £300.
Not to mention almost 3 days all in to attend an AGM in London.

That does not include underground or taxi fare + food.

So, one is looking at some £800 in total, not to mention the tiring journey when most people are not 18.

Wonder why?

Mon 19 Aug 2019

Please note that the Hannan note has now to be noted that KDNC no longer owns 7% of BCN and so the value changes since this is an investee co as opposed to the Sonora BCN JV.

On the Cadence Minerals website, they have a Hannan & Partners Broker Note. Hannan needs no introduction as one of the top investment banks in London. Mr Hannan was the former Global Chairman of Equity Markets, JP Morgan. Hannan specialises in resource stock.

"Hannan had a target price of 0.87p" dated 4.5.18"

Quote:
"We arrrive at a sum-of-parts valuation for Cadence assets of US$169.1 million. Applying our NPV multiples to the co*s operations, we generate a VALUATION of 0.87p/sh."

"Next Steps - CATALYSTS. In our view, news of such financing is likely to act as a catalyst for share price RE-RATING of Cadence Minerals , as well as the project operators Bacanora Minerals and Hastings Technology Metals."

Hannan gives a breakdown of how they arrived at the US$169.1 million figure:

"Sonora Mexlit JV 30% owned- $11 million."
"Yangibana Rare Earth 30% owned - $34.3 million"
"Greenland 100% - $0"

Comment:
Whilst the KDNC direct ownership of shares in Bacanora has changed, nevertheless, the two JV valuations are interesting and insightful

In fact, the Sonora JV US$11 million value was close to the £10m which I got by simple maths of what Gangfeng paid for the direct ownership of the Sonora project.

As far as Yangibana [Hastings] is concerned, it is a rare earth project in Australia and appears to be more highly valued by Hannan than the Sonora lithium JV.

So, Greenland has not been valued.

The Hannan note whilst last year, shows that the discussion of "VALUATION" on the main KDNC forum is a valid one amongst holders. Also, as I said, there are catalysts that drive the share price forward or backwards and as such there is re-rating or de-rating as may be the case. These are general principles by which ALL brokers and investment bankers + the City value co*s.

I was trying to look for the WH Ireland note that Observer842 mentioned on the main KDNC forum today relating to the Greenland licence. I am interested in this as the latest news from Forbes is interesting re: Kvanejfeld rare earth.

Link: Hannan broker note on KDNC www.cadenceminerals.com
Please note their disclaimers.

KDNC at 0.10p mark has a mkt cap of £10m.

It is not difficult to see that rare earths appears to be of value? Hannan is FSA authorised & licenced to produce notes and valuations

Mon, 19 Aug 2019

Sorry for typo. Should be Nemesis, Journalism etc.

"Trump might want to buy Greenland but his Nemisis, China is there before him."-Forbes, 2 hrs ago, Mon 19 Aug 2019

Quote:
"The 1st meeting was between GGG & Shenghe in the HQ of the Australian
co in the west coast city of Perth where discussions moved from technical
studies to a commercial strategy and path to market with the critical question of being Finding a buyer for Kvanejfeld rare earth. The 2nd meeting was with the US Ambassador to Greenland, Carla Sands, who also visited the remote site where a team from the US Geological Survey had been working with Greenland Minerals."

" What both the work of Greenland Minerals demonstrates is that a small Australian co appears to have a tiger by the tail with BOTH China & US showing an interest in Kvanejfeld, all the way up to very senior govt. level."

The rest of the article is about Greenland Mineral & Energy [ASX:GGG] and Kvanejfeld. It says that the largest shareholder is Shenghe with a 11% stake.

"GGG June Qtr: 1 of the most significant emerging rare earth project globally..."

"...US has made rare earths a hot topic in the ongoing trade dispute between the 2 countries."

Capex is $505m.

The article by Forbes is written by Tim Treadgold "who is a regular contributor to radio and tv news service in Australia. He studied geology & worked for a small mining co before getting a start in journalist." I have seen article by Treadgold via Stockhead.com.au etc.

Comment:
This latest article that just came out does appear to zero in on the US interest in rare earths.

I am happy that a cursory look-in on the main forum has moved to a fruitful discussion of the value of the co with research into the critical investments.
It does appear that the info about the 1st meeting with Shenghe could or may have come from GGG themselves and they are appear to be looking for a buyer for the co or rare earths?

The Founder has been made aware of this article.

Mon 19 Aug 2019
https://twitter.com/LONDONAIMCAP/status/1163373806511099904 [Link to Forbes article about Greenland & Kvanejfeld rare earth. KDNC has a 100% licence that abuts Kvanejfeld https://www.cadencemineral.com [click tab Greenland]

DYOR. Please check.

contd
aware as I have been following the major lithium producers and Australian lithium bigger co*s. I have also been following what is happening in the lithium mkt. So, that is due diligence that each one is expected to do and it takes up a lot of time.

Once the takeover of Bacanora Lithium could not succeed, the market itself would have to factor this into the share price as is norm per Efficient Mkt Theory [price sensitive info or info that can move a co*s share price etc]. Again, standard stuff that is common to all stocks to re-rate or to-derate.

Valuation for KDNC is harder as there are a lot of co*s to watch.

These days, technology means that big data will take in sentiment via tweets, posting etc. So, if there is negative sentiment that weighs heavily, the theory is that algo etc will go on to the sell side theory and vice versa. So, a good forum is one which can accurately value the co and take in the micro & macro news so that it is ONE STEP ahead of the market. How so? The AIM market is under-researched and therefore the market is not going to do extensive research for AIM co*s which cost a lot of money to keep teams on. Once the news came out about Greenland, the FT article is pivotal. So, those who read it would be given an insight to the value of Greenland itself etc.

So, even for FT100 shares, one can see that the share price can also fall dramatically causing serious losses. This was a former Sid stock. So, due diligence is always advised or DYOR.

However, research is under-rated and from what one observes, there is a negativity towards research and those who provide it.

I could have witheld the research but in light of the few that are from the old school, I decided to share freely on an open forum like this one and on Twitter.

Others would have seen my asking re: REM Greenland.

When I went to school, we were taught to be kind and helpful to other and that we are here on earth to be a help to the community.

So, the old days of REM plc have gone - shared interests and shared help to each other as shareholders.

The new pattern is individualism, fellow against fellow , the rule of money but most times found not to be accurate as old money dont present themselves as such. However, there is always still left the few that still cling on to the old school. However, one does understand that society has changed.

So, I take my leave and thank Barksy1 for her unselfishness and to the others who have freely shared and in return I have not kept back anything either on this forum or on Twitter.

I have other things to attend to and hence, a note is courtesy.

I am not editing as I have to rush off.

News
Sun 18 Aug 2019 at 12.25 noon.

Sun 18 Aug 2019
I have now completed the REM Greenland licence search again on KDNC.pl yesterday.

On this forum, I have also shared from the FT valuation on Greenland itself + its minerals which was not picked up by any one on Twitter.So, I have posted on Twitter, the 2 articles from original search re: rare earths re: Greenland. I have done extensive research on Kvanejfeld and Tanbreez, the next door since these are the two neighbours to REM plc*s Greenland rare earth.

I have never attended any of the REM AGM*s and therefore did not also attend the party. The logistics is the reason - arrival in London in the late evening, have to stay the night near the AGM at a Central London hotel , transport before noon so have to spend a 2nd night to attend a short AGM & arrive

At any AGM, no price sensitive answer can be given by the Board as it has to come via an official RNS relating to REM Greenland.

A lot has changed since the old days - Tradecraft transcribed the AGM notes for everyone on the REM forum. Each one of us would ask & contact D. Lenigas, Chairman of REM on Twitter or ask him something that he can answer under the rules. I found Barksy1 from the old school ie helpful and willing to contribute to approach D.L since 1 person cannot ask 3-4 questions. D.L was always helpful to shareholders of REM plc.

I have not posted for some time ie years on this website but upon return, I find things have changed.

I have posted quite a lot on Greenland & Kvanejfeld /Tanbreez on Twitter as the geology is of interest since all 3 sit on that strip of land inc REM plc.

In fact, the question to ask is not just for myself - it is in the interest of ALL shareholders to ask if there would be further ...on REM Greenland as it was called then. The question would take no more than 7 words if I ask.

I have finished the extensive research on REM plc assets and Cadence Minerals assets [renamed REM to Cadence]. At this time, there is little left to do.

So, I take my leave and thank the old-timers eg Tomcat14, Observer842 etc for the recent contribution to the discussion on Sonora and the complex set-up of the JV.
I have looked into Yangibana myself & shared.

At the end of the day, the market will value a co*s share price and by extension its mkt cap a/c to cash-flow or the potential of its deposit & more importantly how it will be unlocked etc. All standard stuff.

Each person has a financial priortiy unless they have £30 million cash in the bank or investable money to qualify as Very High New Worth Investors & therefore can afford to lose £300-£400,000 and consider it loose change? After all, inheritance tax starts at £325,000.

For that reason, at all times, one has to do due diligence. After DL tweets or speaks whether by RNS or media, one is cognisant that it is correct at that moment. Then, things can change as seen in the recent Ganfeng situ wherein overseas investors voted against further investment. I was already aw

Conclusion:

RARE EARTHS - REM >KDNC
Yangibana, Clancy & REM Greenland [then] 100% are all under the D.Lenigas
assets he brought into the co via his network etc.

Once we hear more about REM Greenland [Rare Earth Resources Ltd] and their plans & licence , the the market may have to value KDNC for this strategic rare earth asset as they did in the past with the Sonora Lithium project.

This time, KDNC owns the Greenland licence next to Kvanejfeld 100% and therefore not dependent on part-ownership etc.

The FT [see posts yesterday] put a value on Greenland*s rare earths at $500-700 BILLION and as far as I am aware, all the articles mention Kvanejfeld [GGG] whilst Tanbreez is via a private co.

I am not aware of other parts of Greenland with rare earths?

So, with that type of perceived FT values, $500-700 BILLION for Greenland rare earths, that is not small change?

Have to wait for what the co now says ie KDNC either at the 2019 AGM or via RNS etc.

Sat, 17 Aug 2019

What are rare earths used for?
Neo-laser range-finders, guidance..
Lanth- night vision googles
Euro-flourescent in lamps etc
Erbrium -amplifiers in fiber-optic DATA transmission
Manufacturer of high-tech: computer memory, DVD*s, rechargeable batteries,
cell phones, magnets in motors & generators, catalytic converters, digital displays, monitors, TV, COMPUTERS, EV BATTERIES etc and as polish for glass, granite, marble & gemstones. https://geology.com/articles/rare-earth-elements/

<>HIGH TECH COUNTRIES eg Silicon Valley, Japan, S. Korea, China etc

<>RARE EARTHS
The biggest co outside China is Lynas Corp in Australia with billion $ mkt cap and which received a recent Wesfarmer*s takeover bid for some $1.5 billion. It was rejected. Lynas resource is at Mt Weld, Australia.

The next biggest as far as I am aware is HASTINGS Metal Tech which REM plc [now KDNC] has a 30% JV at the Yangibana rare earth project in W.Australia. Hastings mkt cap is over $100m.

A new comer is CLANCY Exploration [KDNC owns some 3.9%] listed in Australia that is proposing to take over the Cummins rare earth project.

[I have posted either on KDNC.pl or here] that Yangibana, Mt Weld & Cummins are among the 3 advanced rare earths in Australia.
-------------------------------------------
In Western Jurisdiction [Tier 1 jurisdiction] - KVANEJFELD rare earth project under GGG [Greenland Minerals & Energy listed in Australia] is the one mentioned in the Greenland news. However, it has a Chinese JV as mentioned in Japan Times.

REM Greenland has no JV partner and is 100% owned by KDNC under Rare Earth Resources Ltd. The licence is "active" - see KDNC.pl. etc and the details to view and check. It was applied for in 2013 under D.Lenigas, Chairman & Founder of REM plc.

><>REM GREENLAND OR CADENCE GREENLAND
Yangibana, Clancy [D.Lenias was Chairman in 2018] & REM Greenland forms a interesting suite of rare earth potential assets.

Rare earths are in the news as seen in the recent wall-to-wall coverage on Greenland and its rare earths which hosts the WORLD*S largest rare earth deposits.

So, it now appears that RARE EARTH MINERALS PLC [REM plc] was a very apt name for what appears to be what tech economies want and "covet" per Japan Times today, 17 Aug 2019.

So, in itself, the rare earth 100% owned Greenland licence next to Kvanjefeld is coming into focus and prominence?

We await to see how the co will play this or these assets?

Sat, 17 Aug 2019