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Today*s news:
"Greenland isnt for sale but its becoming increasingly valuable amid rivalry with China."-Japan Times, 17 Aug 2019

https://www.japantimes.co.jp/news/2019/08/17/world/greenland-isnt-the-sale-becoming-increasingly-valuable-amid-arctic-rivalry-china/#.XVfz1N5KjMw

Quote:
"It also has untapped natural resources like oil, minerals and VALUABLE rare earth elements that CHINA, the US & OTHER MAJOR TECH ECONOMIES COVET."

"The region has become an area of GLOBAL power and competition owing to its vast reserves of oil, gas, minerals and fish stocks, he said." - US Secretary of State Mike Pompeo.

"In the past several years, a Chinese co has gained MINING RIGHTS for rare earths, partnering with an Australian co in the KVANEJFELD project."

Comment:
REM plc in 2013 applied for a licence next door to Kvanjfeld under DL as Chairman & Founder.

More news coming out as to why the US want to buy Greenland or have a active participation etc.

Sat, 17 Aug 2019
News

Part 2
Greenland rare earths are valued [FT] at around $500-700 billion and holds some of the world*s largest deposits of rare earths.

As far as I am aware, there are 3 co*s in that part near Kvanejfeld ie
1)REM plc via Rare Earth Resources Ltd [next door to Kvanejfeld belonging to GGG of Australia].

2) Tanbreez - nearby and owned by a Australian geologist.

3)Greenland Minerals & Energy [ASX: GGG] with a mkt cap of around A$140m from recall.

[I have seen the two names on the Greenland Govt site but I do not know who else except the above so kindly ask KDNC at the AGM etc]

IN THE NEWS
Greenland is in the news as the President of the US [D.T] wants to buy Greenland.
The FT [see below] thinks a conservative figure would be $1 trillion [President Truman wanted to buy Greenland in the past for $100m] .

So, if the rare earths are $500-$700 billion, then this resource makes up a MAJOR PART of the $1 trillion??? Discuss.

It would be helpful if shareholders are updated on REM Greenland [KDNC] as this now has come into FOCUS with all the wall-to-wall coverage on Greenland.

The market MAY now have to value Cadence Minerals [formerly REM plc] for this rare earth project as a separate stand-alone IF this project is spun out/listed separately OR if the co pursues this under KDNC.

In which case, Greenland becomes a REM-KDNC project and therefore value could be attributed to this? The market may have to review this if we are updated further on this by KDNC?

Normally, co*s with a mkt cap of £8m or just under with a project could be termed shell value? That*s my personal take from Solgold which started at £8m [1.5p] when they just started on the project and awaiting environmental approvals etc for Cascabel [history now].

So, that*s my personal aspiration and take but others will have their own views etc as to what they are looking for in this co.

I am posting this here because of the FT article below.

Greenland was a REM plc project and named as 1 of the 3 by MIDAS tip in 2014 ie Sonora, Yangibana & Greenland.

DYOR. Just for discussion only. Contact the co for clarification etc.

Sat 17 Aug 2019
Not editing - Going for lunch.
I have finished my own research on this co. From the share sales and buys on Fri, 16 Aug 2019, no one can say x or y as there is LITTLE INTEREST going by the volume of £3k+ & £4k+ for buys and sell [mkt cap £10m].

Cadence Minerals
Investment co
Share price 0.10p mark
Mkt Cap: £10 million
Shares in Issue: 10.546b
Shares traded on Fri 16 Aug 2019 : Bought £3,239 [3.5 million shares]
:Sold £4,763 [5.4m shares]

Investment co status:
That means that every day, the market will attribute [?] a mark-to-market value on Cadence Minerals shares [formerly REM plc]. Holdings in listed co*s:

Bacanora Minerals [BCN] 1.7% [Think this has gone down further]
European Metals [EMH] - 19.2% [17p with Mkt cap of £27m on 16.8.19] Cinovec
Clancy Exploration [Australian listed] - Proposed Cummins rare earth project,Oz
Auroch Minerals ["] 6.7% - Nickel [Oz]
Macarthur Minerals, Canada 9.8% stake
GREENLAND RARE EARTHS
[Kindly check latest RNS etc]

Joint-Ventures:
Bacanora Minerals at Sonora Lithium Project, Mexico
Hastings Metal Tech of Australia [HAS] at Yangibana rare earth, Western Australia.

In terms of the Bacanora JV, there is a overlap re: Stage 1 & 2? 30%
In terms of Yangibana, the JV is at Stage 2 of the resource? 30%
[Discussed before in detail by old-timers of KCNC recently]

NEW INVESTMENT
Amapa Iron Ore project, Brazil - 1st stage: 27% participation. Awaiting Court clearance etc. Further news awaited.

https://www.cadenceminerals.com [Click projects]

MY OBSERVATION & Hypothesis [subject to other shareholders views etc]\;
The Sonora project if it can clear the final hurdle with Ganfeng, Stage 1 will be for a 18 year mine. In terms of Yangibana, I checked and it said Stage 1 for 11 years per their Presentation. Kindly check as I cannot provide 100% warranty.

The daily values of KDNC*s listed investments change each day due to the changing share prices of the respective co*s and the latest figures were calculated on the KDNC board.

From what I understand, the CEO has said that the market takes in the listed investments for its perceived value and not the JV*s which cannot be openly sold with a value at this time.

The Amapa project if all goes through may mean that by the end of 2019, the tailings will be sold [start of?]. So, this project provides visible cash-flow as and when and therefore value will be via the traditional methods.

REM GREENLAND-Now Cadence KDNC
From the application details [see KDNC.pl 2 posts of today], the above was applied for in 2013 under David Lenigas, Chairman & Founder of REM plc.
The licence is 100% owned. The status states: "Active"
From recall, exploration was done by SPK and shares were paid to GGG [Greenland Minerals & Energy - Kvanejfeld rare earth project] for the geo work?
REM*s licence sits abut to Kvanejfeld, the world class rare earth project that has applied for a mining licence.

Personally, I am looking to this licence [await further clarification from KDNC as to status of the licence? although I have checked the Greenland Govt dept and it states: Active]

Why?

From the FT note [see below], the Gree

Some of the headlines:
-"Donald Trump*s interest in buying Greenland stuns Denmark."-Financial Times, 1 hr ago.

-"Trumps shows interest in buying Greenland."-Bloomberg.

-"President Trumps eyes a new real-estate purchase:Greenland."-Wall St Journal.

-"GREENLAND : UPGRADE TO BUY."-Financial Times, 3 hrs ago.
"GREENLAND POSSESSES SOME OF THE WORLD*S LARGEST RARE EARTH MATERIAL DEPOSITS."

-"Trump has privately talked about US purchase of Greenland: sources."-Reuters

-"Trump has expressed serious interest in buying Greenland: report."-Fox News

"Sources say Trump asked about buying Greenland."-CNN

"Greenland to Trump: We are open for business, but we are not for sale."-Yahoo News

"What to watch today: Dow to recover, Trump wants to buy Greenland."-CNBC

"Trump has talked about buying Greenland: US sources."-Times of India

"We*re not for sale, says Greenland*s Foreign Minister."- Reuters

"Trump Greenland: US President mulls buying island from Denmark."-BBC

All the UK paper, Huffington, NY Times etc are covering the news.

REM GREENLAND
Licence abuts GGG [ASX] world class Kvanejfeld rare earth project. The other rare earth deposit belongs to TANBREEZ, a private firm owned by an Australian Geologist.

Midas in 2014 tipped REM plc for Sonora lithium, Hastings - Yangibana rare earth JV with REM & REM GREENLAND.

DL, Founder of REM plc - his neighbour is Executive Chairman of GGG per his tweet and Stanley Ho was from Hastings [ASX].

5 years later post Midas REM plc tip of 2014 comes this wall-to-wall coverage of Greenland.

FT*s link: "Greenland upgrade to BUY."- 3 hrs ago, Fri 16 Aug 2019 is all about "Rough sum parts valuation suggests GREENLAND has HIDDEN VALUE. In terms of natural resources...2008 study, just 3 of its coasts could yield UP TO 52 BILLION BARRELS OF OIL. No firm offer has been made but we believe anything SUB $ 1 T R I L L I O N will represent a good deal for US Corp [mkt cap $19 trillion] and GREENLAND I N V E S T O R S."

"A conservative drawn on a Mar-a-Lago napkin by Alphaville values these resources at between $500-$700 BILLION [assuming local regulation, like the ice caps are quickly dissolved." - In the same sentence as the RARE EARTHS.

Take a bow , REM plc under the Founder who acquired this licence. Awaiting renewal ?

It is on https://www.cadenceminerals.com/

Hence, my question whether REM GREENLAND can be floated or listed separately in Australia or SPUN out to realise value at the coming KDNC [new name for REM plc] London AGM 2019.

I was listening to RR, President & CEO of Sprott via one of his interviews. He said they invest in a company they are interested in via the funding route.

So, in today*s funding, it was said that new institutions and high net worth individuals participated via Numis [new and additional broker] , the specialist in this area.

In the Gervaise Heddle BBR interview today, he mentioned the institutions, HNW & specialist broker and continued about proving the other assets etc ?

One does not need a new and additional specialist institutional broker to be appointed unless they have a continuous role to play? GGP now has 2 brokers instead of 1.

So, from RR, it is the institutions that approach the co if they are interested.

For a junior explorer, there is no need to ramp up drilling like skittles? Once Blackhills has completed drilling, there will be a bit of time lag to obtain the assay results as they come in.

Then, once all the results are in, there is a pause to wait for industry reaction etc eg like the last time with Havieron.

So, funding may then take place well after the Blackhills results are all in.
Even then, they would raise $2m+ like the last time to top up the cash float to the usual £4m mark. However, in today*s RNS, they are raising £4m+ [£6m total cash in hand] to take on 2 projects ie Scallywag and Paterson Range East.

Then, once Scallywag has been also drilled out and all the assays are in, then comes another funding event for Paterson Range East. Of course, the technical team evaluates the results at each stage like the last time prior to proceeding with another project target subject to x, y & z?

There was chatter on Twitter and one said he was not offered to take part in today*s funding. No one here has said they were offered any either. High net worth individuals are defined as having $3m or more in investable assets, n o t including their primary residence. An ultra high net worth individual has $30m or more of investable assets.

Interesting. One therefore wonders if our resident S.B [4% holder of GGP shares] was offered any of today*s raise specially for tutes & HNW individuals.

Thoughts?

Mon 12 Aug 2019

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