RE: REM Projects - Summary 30 Mar 201931 Mar 2019 14:48
Cadence Minerals Plc [KDNC formerly REM].
Share price 0.1425p,
Mkt Cap £11.19m,
Shares in Issue 7.851b.
52 wk high 0.49p and low 0.09p dated Fri, 29 Mar 2019
Summary as above:
All the main projects are listed. In recent earlier pages on this forum, each KDNC investment was looked at in d e t a i l from open information and data. Since many of the co*s are listed or based in Australia, it was harder to track them down.
dsfat on LSE KDNC also provided an Australian exploration doc that ranked all of Australia*s minerals & respective co*s [ Link: /member-info.asp?nick=dsfat dated Thur, 28 Mar 2019: KDNC Lithium Assets in Australia]. From this doc, one can see that Bald Hill belonging to Alliance Minerals [A40] was listed & ranked and so was Hastings Technology Metals.
KDNC*s recent 3 lithium asset acquisitions included PICASSO which is near Bald Hill, Western Australia. Hastings has been in the news after Westfarmers [A$38b mkt cap] made a $1.5b offer for Lynas, a rare earth listed Oz co. In dsfat*s doc, Hastings is ranked after Lynas. It was reported in recent news that Lynas is the biggest outside China. So, the Founder*s legacy investment [REM 30% JV in Yangibana [2]] has turned out quite a ? in light of the Lynas publicity. It was reported that the Westfarmers bid lifted other Oz co*s in rare earths shares eg Hastings [ASX:HAS]
Without going over old ground, REMers or KDNCers may be aware that Bacanora lithium-clay Mexico] Macarthur Minerals [iron ore, Oz] ,Hastings [rare earths, Oz] are awaiting funding in the $400m+ area. European Metals [lithium, hard rock, Czech Republic is one step behind as it needs to do the requisite technical studies etc.
Macarthur Minerals listed in Canada also has lithium licences near the famous Pilgangoora area where Pilbara Minerals is situtated [PLS Mkt Cap A$1.4b]. Macarthur also has licences in Nevada, USA for lithium. In overnight news, Nevada for lithium is in the news on Twitter.
As for REM Greenland, also the Founder*s legacy, the co is watching the progress of nearby GGG [ASX] and their world class Kvanjefeld rare earth project. REM holds the licence in their own right 100%.
So, it is only Auroch Minerals [ASX:AOU] that is in the early stage. All eyes will be upon the pending assay results of Aeris Minerals AIS for their Lake Torrens copper project. Auroch is near Lake Torrens. AIS mkt cap is around A$76.9m whilst Auroch is A$6.7m. Why is that? AIS*s per the article I posted said that Lake Torrens could be bigger than the giant Olympic Dam in South Australia. Auroch is at an early stage and will be following up with drilling.
MARKET - VALUATION OF REM-KDNC
In recent times, the market has chosen to value the stock as MARK to MARKET ie the daily stock prices/mkt cap of the co*s investments. In other words, daily portfolio valuation akin to a discovery fund.
However, what has changed in recent times is that many of these investments are now in advanced sta
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