Member Info for news

As for Hargreaves Lansdown Stockbrokers & HSBC Global Asset Management, the FT has not classified them as
Hargreaves Lansdown Nominee A/c [denoted and deemed to be held for clients]. Even for cheques and monies, Hargreaves Lansdown and other stockbrokers have to keep client*s money separate via HL Client A/c.

I have seen the differential in other co*s holding ie HL Nominees.

I refer the reader to Sirius Minerals RNS, 29 Oct 2010 [RNS 2506V] that illustrates this point.
Link: https://www.investegate.co.uk/ArticlePrint.aspx?id=201010291400006V

Quote:
"The co continues to monitor beneficial owners identified through 3rd party research, notifications received by the co..."

"NOMINEE SHAREHOLDINGS :
Pershing Nominees 16.89%
HSDL Nominees 11.57%
Jim Nominees Ltd 10.91%
Barclays Nominees 7.69%
TD Waterhouse Nominees 6.77%
Hargreaves Lansdown [Nominees] 4.55%
Lynchwood Nominees Ltd 4.29%
L R Nominees Ltd 3.2%

"Due to the fact that some beneficial owners may hold their shares in nominee accounts, there may be a possibility of double counting.."

My comment:
Hope that clarifies that Hargreaves Lansdown Nominees is denoted as such to denote it is held for Joe Public shareholders.

Also, there may be more institutions or funds that hold, however, the FT would only list the TOP holders.
In ASX co*s in Australia, the co*s do not list beyond the TOP 20 holders.

Best to clarify with the co or FT if unsure since I cited the FT. SXX themselves are cognisant of Joe Public shares in stockbrokers a/c denoted as "Nominee."

Sirius Minerals:
Directors Holdings:

"Chris Fraser 2.58%
Russell Scrimshaw 0.91%
Keith Clarke 0.02%
Thomas Staley 0.02%
Jane Lodge 0.08%
Lord Hutton 0.0006%
Noel Harweth 0.002%

TOTAL 3.54%

Share price 15.3p
Mkt Cap £738.41m
Shares in Issue 4.826b
52 wk high 39.78p
52 wk low14.94p

Open Offer: 15p Final

www.siriusminerals.co.uk

From the FT:

"Hargreaves Lansdown Stockbrokers 8.04%
Jupiter Asset Mgm 6.83%
Norges Bank Inv Mgm 3.47%
Hargreaves Lansdown Asset Mgm 3.28%
HSBC Global Asset Mgm 2.62%
Legal & General Inv Mgm 1.75%
Capital Research & Mgm 1.67%
Jarvis Inv Mgm 0.97%
Harbinger Capital Partners LLC 0.96%
IG Market Ltd 0.91%

31 Dec 2018 - 10 May 2019
30.505 held by TOP HOLDERS."

Link: https://markets.ft.com/data/equities/tearsheet/profile?s=SXX:LSE

Note: These are not the Joe Public stock as the above are NOT nominee a/cs.
The 2 TR1 SXX Holding RNS of today has not yet been included ie from Pelham [Bermuda] of 5.07% &
Qatari Investment Authority [Doha] of 3.3%.

So 30.5% + 5.07% Pelham + 3.3% Qatari Inv. Auth = 38.87% [Top Holders]

Thur, 23 May 2019

increased fertiliser SUPPLY needed as food demand grows." - FT, 22 May 2019

Title of the FT article: "BHP sets out the case for $8b Canadian potash project."
Link: https://twitter.com/FT/status/1131127116517580800

Quote:
"Cost around $8b to build."

"..fresh supply of potash..would be needed by the middle of the next decade to feed the world*s growing population.
Thereafter, NEW GREENFIELD projects will be needed."

"signed off $2.7b of the spending for the construction of 1KM DEEP SHAFTS in Aug 2013.."

"BHP reckons it will cost between $5.3bn & $5.7bn to bring JENSEN into production."

"Analysts reckon the board of BHP will face a decision on whether to approve the project over the next 18 months. It will take around 5 YEARS from a final investment decision for Jansen to hit initial capacity."

"The landlocked project requires SUBSTANTIAL INFRASTRUCTURE investment including a RAIL LINE & PORT capacity."

Etc.

On-topic for Sirius Minerals as it is industry potash news.

Thur 23 May 2019

Sirius Minerals is the FT*s 250 top risers on HL data stream.

HL list the top 5 FT250 top risers on www.hl.co.uk/shares

Thur, 23 May 2019

After the SXX TR1 [2] Holdings RNS, one of which is from Qatar Holdings [Qatar Investment Austhority]

12.55 noon.

P.S

Lithium Americas Thacker Pass-the largest known lithium resource in the USA & the next large scale mine.
It states: 46 mine life. Link: https://www.lithiumamericas.com/thacker-pass/

BACANORA
Per Peter Seckers [CEO] interview yesterday with IG Index, he said that Sonora Lithium mine has a mine life of 250 years!!!

Lithium Americas - Share price today C$5.71 with a market cap of C$505.75m [Google Finance share price]

Lithium Americas did a deal with Gangfeng. Their announcement was on Apr 1, 2019: "Lithium Americas announces US$160m project investment by Gangfeng." Link: https://lithiumamericas.com

On the front page of the Lithium Americas it also states: "$285 million raised."

My Comment:

Bacanora*s share price is 26.5p with a market cap of £35.63m AFTER the potential DE-RISKING Gangfeng deal.
Accordingly, the target share price will reflect this said potential de-risking which will also take into account the normal dilutive effect if any.

I note from the post below that VSA has a target price of £1 post the said event which a mkt cap of £150m.

This is normal and the mkt cap of Lithium Americas attests to this Wall St or City rule, hence on-topic.

On the other hand, Nemaska is awaiting funding [rather more funding] to start development of their mine. As yet, they have NOT yet obtain the funding. The MKT CAP is currently C$275.46million at C32c NOT YET DE-RISKED.

European Metals [EMH] is also NOT yet DE-RISKED re: funding and technical DFS yet. The share price is 22.86p with a MKT CAP OF £33.68 MILLION which is almost the same mkt cap as Bacanora which has been de-risked.

All analysts use BENCH-MARKING and therefore the illustration of market cap of risk and de-risked mkt caps appear relevant.

Tues, 21 May 2019
DYOR.

HL now 33.82% - Advertised price. 18/19
12.55noon, Tues , 21 May 2019
Kindly check.

KDNC at HL - Advertised price + 20%
12.52 noon, Tues, 21 May 2019
After the 12.30 noon KDNC iron ore RNS.

KDNC RNS, 12.30 noon, Tues, 21 May 2019

Re: "Iron Ore Mine AmapAj"

Lol - lovely.

"Galaxy Resources takes a Strategic Stake in Alliance Minerals , operator of the Bald Hill lithium mine."
https://twitter.com/HC_Haplo/status/1130575071221653504

Quote: "Galaxy Resources is to subscribe for an institutional placement of A$22.5m a share..."
"Bald Hill lithium concentrate-a HIGH Quality product." 14 hrs ago, Tues 21 May 2019

--------------------------------------------------------

"Rodney Hooper: I interview Alliance Mineral CEO Mark Calderwood about the future of the co and the strategic equity placement. "We believe its a great deal for all parties. A40 well set for the future."
https://twitter.com/RodneyHooper13/status/1130702346605015042

Alliance Resources [ASX:A40] share price A21c & mkt cap A$274m.

On-topic for KDNC as their Picasso lithium licence is near or next to Alliance*s High Profit Bald Hill, Western Australia.

Peter Seckers, CEO of BCN said that the mine life of Sonora Lithium project is 250 yrs per IG interview yesteray, 20 May 2019. However, the latest BCN Presentation map, Ventana etc [Stage 1] will last for 20 yrs and then the KDNC/BCN JV for 50 yrs.

Given the 250 mine life of Sonora, DIVIDENDS does matter?

Could anyone ask if BCN intend to pay dividends? Thanks.

Its something lots of people would want to know.

of rare earths market."-FT, 14 mins ago, 21 May 2019
Quote: "Chinese leader visits magnet maker as trade wa r with China heats up."

Tweeted by Neil Hume, FT Natural Resources Editor.
https://twitter.com/humenm/status/1130753129690087424
with the embedded FT article.

On-topic for Cadence Minerals as this is what GGG [ASX] investors are talking about.
Greenland Minerals on Hotcopper link given earlier today.
GGG has risen some 39.8% on this news. So the news in full as to what rare earth investors are talking about.
As said, Cadence Minerals [KDNC] owns the licence near or next to GGG world class Kvanjfeld rare earth project in Greenland.

Tues, 21 May 2019

As per the last few posts below, both from David Lenigas & Dr Ryan D. Long, Mining Director of Edison, the Gangfeng deal with Bacanora has "implications" for KDNC [per Dr Long*s tweet as below of yesterday on this thread] & per Mr Lenigas*s tweet - Link: https://twitter.com/DavidLenigas/status/1130370001523941376

Quote: [See above tweet] - D.Lenigas:"This is absolutely blinding news for BCN and MORE SO for Cadence Minerals. This will make KDNC*s ownership of 30% of most of the overall resource worth a LOT of money." - 20 May 2019

"£7.5m paid for 22.5% in the Sonora Lithium project with an option to take it to 50% depending on the prevailing SP of BCN. The M & A , puts a potential value of nearly £10 MILLION for KNDC*s 30% [JV BCN/KDNC 50 yr mine life]. KDNC sp 0.14p with a MARKET CAP OF £12.73 MILLION."

My Comment:
Whilst the deal has to go through ie BCN-Gangfeng, nevertheless, it does appear to put a M & A market on the
BCN/KDNC 30% JV. This is common knowledge that M & A does appear to provide a general marker. Whilst the current said 22.5% is at 25p per BCN shares, the 50% option will be based on the prevailing BCN share price then.

However, please note that it only gives an IDEA of what may be POTENTIAL for the BCN/KDNC 30% JV for the Sonora lithium project. The Gangfeng BCN deal has to do with Stage 1 of the Sonora lithium project.
Please ask the co for more details ie KDNC.

Tues, 21 May 2019

DYOR.

Greenland Minerals that owns the world class Kvanjfeld project [rare earths] in Greenland closed at the above price.
The mkt cap of GGG [Greenland Minerals on ASX:GGG] is A$105.3m.

Reason for the rise?
Per a poster "Lawlllll at 16:30 on HC, it is due to the rare earth situation that has been making the headlines. This meant that rare earth stocks rose on that effect.

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

On-topic as Cadence Minerals plc owns the licence near or next to GGG*s world class Kvanjfeld rare earth project.

Per Cadence Minerals Greenland : "..and will watch the progress GGG makes over the coming years as it develops this world class asset. Link: https://www.cadenceminerals.com/projects/greenland-rare-earth/
Cadence owns 100% of their Greenland licence.

Tues, 21 May 2019
Cadence Minerals share price 0.1375p [Showing on London South East as mid-price]
Mkt Cap £12.5m

Oh, per the Bacanora RNS today, the option to 50% will be via the share price of Bacanora then. So, may not be the 25p value today attributable.

P.S.

In the IG Interview, Peter Seckers [CEO of Bacanora] said there*s more - I think he meant the deposit. So, may be many do not realise the 250 mine life of Sonora is huge. The max I have seen is 60 yrs.

So, in fact, it would appear that the deal is a good opening GAMBIT to the whole deposit if that is what Seckers means?

This point may NOT have been noted by the press as it was stated in the IG Interview today.

Lastly, one has to look at the Gangfeng - Lithium Americas JV. I believe they took a higher % at 37.5% initially.

From base line JV*s, one can give away 75-85% of the project for financing - I wont mention names.

Lastly, Lithium Americas mkt cap is C$4.96, mkt cap C$440.06million today, Mon 20 May 2019.

In answer to your post on KDNC which I have just seen, these are my thoughts:

1) From the FT article, it does NOT appear that the 22.5% Gangfeng investment in the SONORA project will involve Cadence. However, from BCN*s latest Presentation it appears that one part of the 20 yr mine life does involve the KDNC/BCN JV. This, I am not sure and you have to check.

2)Gangfeng deal with Bacanora today appears somewhat the same as the one with Lithium Americas - from 37.5% to 50% participation.

3)From the Lithium Americas example, it does not appear Gangfeng wants to take over the co at this stage prior to production.

4)Peter Seckers said Gangfeng want to be in Sonora. I was a bit puzzled initially but in the IG Interview, Seckers said the lithium is bound for Japan and China or Asia?

5)Peter Seckers said Sonora has a mine life of 250 yrs!!! From the Bacanora Presentation, it is 20 yrs for their own plot and 50 yrs for the JV. So, this mine life of 250 years is CRITICAL both in terms of cash flow etc.

6)David Lenigas has said that the legal agreement has been done in such a way, Cadence can sell their 30% JV to whom ever they like. Need to ask the old-timers more about this.

7)From Mr Lenigas tweet today which I posted it appears that there is value in the 30% JV.
CLICK open the tweet to see the CALCULATION and see if YOU AGREE the figures. I was waiting for you to check as it is always bettter to have PEER REVIEW. Other investors also welcomed to calculate.
So, if 22.5% = £7.5m, then how much will 30% be potentially valued at. This has already been brought up by David Lenigas, former Chairman & Founder of REM and later named Cadence.

8)Nemaska has still not got funding yet. So the Bacanora funding from Gangfeng came as a surprise. However, Reuters did say that a Chinese co was interested. It would be more logical for them to do a deal with Nemaska but maybe the recent events....

9)From the IG Interview, it would appear that Mr Seckers seems to be saying that in general finance is now tied up. However, please check as its quite difficult to listen in.

10) Dr Ryan D. Long, Mining Director of Edison posted that the deal has implications for Cadence [see my post below today].

So, therefore, this topic brought up by our Founder [D. Lenigas] and Dr Long is befitting to discuss and open to others to do some cals etc.

Sorry, not editing, so pardon errors.

News,
Mon 20 May 2019
Please correct if any errors. DYOR. Just a discussion and needs other to input if any errors.

The cals is here https://twitter.com/DavidLenigas/status/1130370001523941376

Just finished listening to the above with thanks.

From what I could hear: Peter Secker, CEO of BCN-
Gengfeng want to be in Sonora & Clay.
It is scaleble.
It is high quality.
MINE - 25O YEARS!! [My comment: Nice]
Cash Flow 2021

Mon, 20 May 2019

Per David Lenigas tweet below [8.55am post below]: "This will make KDNC OWNERSHIP of 30% of MOST of the OVERALL RESOURCE WORTH A LOT OF MONEY." [D.Lenigas is the Founder of REM [old name changed to KDNC-Cadence Minerals].

Per Dr Ryan Long [see 10.05am post below]: "This has implications for Cadence."

My Comment:
Obviously, the deal today relating to Bacanora Minerals & Ganfeng per the 2 tweets = corporate action.

So, simple maths =?

KDNC share price is 0.14p [mid-price] with a mkt cap of £12.73m [9b shares in issue].

Mon, 20 May 2019
News