Member Info for news

Because someone tweeted me recently about REM. Many are early REMers.

Founder of KDNC:

"Great to see Macarthur Minerals trading over 40 million shares today across all markets in Norther America.
That*s 75 million in a day trading and a half of taking for a co with 300 million shares outstanding. @macminltd $MMS @CamMcCall." 2 hrs ago, Mon 25 Mar 2019

https://twitter.com/DavidLenigas/status/110276916374839299

On-topic: KDNC owns 10.1% of Macarthur Minerals $MMS [Canadian listed]

@Money @Leon "Pretty awesome to see MacArthur on the GLEN MAP. They are indicating news coming up. Looking good." - 6mins ago.

Note: The link to the Glen map - 5 projects globally of iron ore, 1 of which is Macarthur shown on the Australian map was given in the last post to this.

On-topic as KDNC owns 10.1% of Macarthur listed in Canada.

Link: https://ceo.ca/mms

DYOR. Please check. 3rd party data - no warranties.

Per @KJMD43: " The average iron ore price over the last 15 years has been approximately US$90/t. This would make the OFF-TAKE with GLENCORE worth US$3.6B. "

"If MMS keeps their Opex at $50/t, that would translate to US$160M/yr REVENUE or US$1.6B over 10 years."

"If Capex/interest is about U$500m, MMS would have a Valuation of $1B give or take."

"Take 10-15% off that for other expenses/impairment and you would still have a US$850M Valuation."

"US$850m/300mm SH = US$2.83 or $3.54 CAD." - 17 mins ago.

@Monty222: "Little bit of a battle over the close there but the BULLS won." -17 mins ago.

Link: https://ceo.ca/mms

On-topic as KDNC owns 10.1% of Macarthur Minerals, listed in Canada.

Mon, 25 Mar 2019, 8.15pm UK time.

DYOR. Please check as there can be copying errors.

The Canadian CEO.CA $MMS are talking about us, KDNC:

@DK: "You have some insiders with serious holdings. Cadence has 30m shares etc." - 4 mins ago.

@tooearly:"32.6m with only 17.2m of it on the venture." 36 mins ago.

@DK:"Surpassed the Fri volume."- 37 mins ago.

@Leon: "GLEN now have hold in 5 continents for iron-ore projects. All the mines are 66% and up to 69%. Great for logistics.

"$MMS is making further headlines and made it already ON THE VECTOR WORLD MAP WITH ITS MOONSHINE DEPOSIT:-)." Link given: https://twitter.com/ZIOC_2018/status/1108771283003682818 [C L I C K TO SEE MMS DEPOSIT ON MAP OUT OF 5]

Link: https://ceo.ca/mms

On-topic as KDNC owns 10.1% of Macarthur Minerals, Canadian listed.
Mon, 25 Mar 2019
7:50pm

KDNC closed at 0.185p, Mkt Cap £14.53million.

I tested the live share price just before the close at 4.30pm and to sell was 0.175p to Sell and 0.189p to Buy. This is a very wide spread. Whilst the normal mkt size was 1,000,000, yet the market was willing to take more than 1m at the same price to sell. Rather strange for the wide spread which I have not seen before?

This morning, the live price was 0.2448p to Sell and 0.2499p to Buy +16.36% @11:55am, Mon 25 Mar 2019.
This is on Twitter #kdnc.

Comment: Very interesting. I shall do a valuation of the KDNC portfolio , mkt to mark to check as well later.

Contd:

@DK: "They spent WAY MORE than the MKT CAP getting the project here - so no serious shareholders will sell at this point. Traders and market makers will, but that is a different story." - 7 mins ago.

@DK: "I think the bks will probably take it t o o far in terms of SYNTHETIC shares, and make it touch an unsustainable price at the end of the week." - 6 mins ago.

Link: https://ceo.ca/mms
Mon, 25 Mar 2019 [Time in the UK 5.25pm]

KDNC owns 10.1% of Macarthur Minerals listed in Canada $MMS.

On the Canadian MacArthur Mineral $MMS forum, some insightful posts:

1)@DK: "You make money on smacking down the parabolic moves and slowly accumulating at a lower price - SHORTS covered. 1 hr ago, Mon 25 Mar 2019.

2)@DK:"If you have L2, I can show you the exact {f} asks in a thinly traded stock." - 1 hr ago

3)@DK: "You can make them disappear by putting up real orders :)"-1 hr ago

4)@GrumpNdump69: "Iceberg asks are typical strategy ..to shy away {r}.." - 1 hr ago.

5)@interaudit: "..MC WAS A FEW HUNDRED MILLION BEFORE." - 2HRS AGO.

6)@Leon @zukenftiger: Glencore ...good job Marcel, many thanks." - 4 hrs ago.

Link: $MMS, Macarthur Minerals [Canada] https://ceo.ca/mms
MMS share price in Canada currently C14.5c +45%.

Mon, 25 Mar 2019 [UK time 5:05pm]

On topic, KDNC owns a 10.1% stake in Canadian listed Macarthur Minerals $MMS.

On the Canadian forum for $MMS [Macarthur Minerals]:

1)@Leon: "$CIA =$1.87/ $MMS =0.10 so where do you think we will go from here with +200%."
2)@Basil: "$CIA was 8c in 2015, then financing by Sprott, others and TAKEOFF BY GLENCORE. It didnt take long to hit $1.

Share price of $MMS Canada, Fri, 22 Mar 2019- C0.10c + 100%, Mkt Cap C$30million

1 hr ago on Canadian CEO.CA $MMS 1
KDNC owns Macarthur Minerals [Canadian TSX, US OTCQB, Germany] 10% of MMS.

WHO ARE $CIA, Canadian listed that Canadians are talking about re:MMS?
$CIA.TO is listed in Canada - Champion Iron Ltd
https://ceo.ca/cia

Share price C$1.87
Mkt Cap: C$804.98 million

DYOR. Please check.

Macarthur Minerals is listed in Canada on the TSX. KDNC owns 10.1% of Macarthur Minerals [MMS].
On the Canadian forum for $MMS:

1)@Leon: "$MMS in Germany: Euro 0.95/Euro 0.105 [CAD 0.16]" 1 hr ago, Mon 25 Mar 2019 [UK time 9:05am]
Link given. Canada $MMS closed at Canadian 0.10 + 100%. So, 0.16 [Canadian] is +60% up.

https://ceo.ca/mms

MACARTHUR MINERALS:
On US OTC QB - opens at 2.30pm UK time today.
On Canadian TSX - opens at 2.30pm UK time today.

------
European Metals [EMH dual listed in Australia & UK]
EMH closed in Australia +20% at A36c, Mkt Cap A$46.99m [Australia ASX]
EMH closed in Australia +23.7% at A36.5c on Australian Chi-X [Live]
Link: https://hotcopper.com.au/asx/emh/

KDNC owns 19%+ [+-] of EMH & is quoted in the a/c*s as an associate co.

Mon 25 Mar 2019
DYOR. Please check.

"Macarthur signs iron ore off-take with Glencore for Lake Giles."-Investingnews, 21.3.19

Quote:
"However, Glencore also agreed to release up to 70% of its off-take in the event Macarthur locks down PROJECT FINANCING from a n o t h e r potential OFF-TAKE PARTNER."

With thanks and attribution to internalaudit of CEO.CA Canada MMS
https://twitter.com/LONDONAIMCAP/status/1109829551729840130

Note: KDNC owns 10.1% of Macarthur Minerals on TSX, Canada [MMS]

1 hr ago. https://twitter.com/whatsonthorold2/status/1109909882176790533
Sun, 24 Mar 2019 [Time in the UK 9.37pm]
Re: MMSDF [US OTCQB]
"The Stock Had Decline In Shorts."

Note: KDNC owns 10.1% in Macarthur Minerals [TSX:MMS]

Sun, 24 Mar 2019- From Canada.
Fri, 22, Mar 2019, MMS closed at .10c + 100%, Mkt Cap: C$30m.

CEO.CA MMS
@Aa40n :"This stock was going to .30+ Fri before being halted. With the regular investors catching wind and You Tube videos being created this stock could reach .50 tomorrow and continue to sore the entire week."-19 mins ago. Time in the UK 8.35pm.

@stkviewer: "I dont think $200m MC is too much to ask for [4000/10/2]= a 50% valuation of what the deposit is
supposed to produce a year." -20 mins ago.

@digdog: "Now the BIG boys have no choice but make a DEAL and MMS shareholders will see a great return."

@digdog @stkviewer: "your valuation is I think a little conservative. lol.." -17 mins ago.

https://ceo.ca/mms

CADENCE MINERALS - MACARTHUR MINERAL [TSX:MMS]

Timeline Summary from this thread:
1)11 July 2016 - David Lenigas, Founder of REM [new name KDNC] appointed as Independent Director of MMS.

2)27 Sep 2018: MMS Announcement: Appointment of Advisors to secure funding: CAPSTAN, London.

3)29 Oct 2018: Cameron McCall, Chairman of MMS tweet with PIC:"T A L K I N G DEALS with Andrew Suckling."
Pic is in a restaurant. Suckling is Chairman of Cadence.

4)31 Oct 2018: McCall tweet: "Cameron AT Cadence Just Now in LONDON." Location map shown.

====== 5 MONTHS FROM MEETING SUCKLING OF REM/KDNC & VISIT TO CADENCE LONDON OFFICE====
21 Mar 2019 MMS Announcement: Deal with Glencore [Offtake US$4billion for 10 yrs + Option for next 10 for 4m tonnes per yr.
========--------------------------
23 Mar 2019: David Lenigas, Founder of REM tweet: "I am still supporting REM through my e f f o r ts at Macarthur BIG DEALS TAKE A WHILE TO SORT OUT."

MACARTHUR MINERALS
Link: https://www.proactiveinvestors.co.uk/CVE:MMS/Macarthur-Minerals/

Timeline:
Dec 14, 2015: "Macarthur Minerals extends deadline for sale of iron ore projects." -Proactive Investors.

Oct31,2016:"Macarthur Minerals seek IPO for Aussie Assets." -Proactive Investors.

Comment: The above are the latest articles and news Proactive Investors have for Macarthur Minerals.
From the above, one can see that MMS wanted to SELL their iron ore projects in Dec 2015 but later changed to wanting to seek an IPO for their Aussie Assets [Iron ore & Lithium].

D.Lenigas, Founder of REM joined MMS in July 2016.

So, the summary of the REM [D.Lenigas] & MMS tImeline which culminated in the GLENCORE deal of 21 Mar 2019 which one poster called it "b -omb shell deal" or Proactive article called it "MONSTER" deal.

It appears that without a specialist advisor eg Capstan Capital LLC of London, Suckling/Cadence, it is not easy even if one has a large project. I did mention before it is about "network" etc.

SONORA-Bacanora
REM wanted to takeover Bacanora Minerals for 88.5-£1 but it was rejected.
One wonders now if REM would have made a better job re: funding for Sonora?

BCN share price has fallen to 22p, Mkt Cap £27m and is awaiting funding.
One further wonders if BCN may do better if they had some help re: funding from REM?

Hmmm, I wonder?

It is now obvious that D.Lenigas is more a VC. Cameron McCall may have approached DL and it went on from there.

So, too re: His Lordship approaching DL to fund the drilling of Sonora and it went on from there to JV.

So, too re:UKOG -Tidswell went round asking for funding for Horse Hill but no one wanted to fund it. He then approached DL and it went on from there.

News
Sun 24 Mar 2019
DYOR.

For historical archives of the GLENCORE DEAL and from public data that is available.

Latest from Canadian on Stockhouse Bullboard on MMS [Macarthur Minerals]
Share price C0.10c. Mkt Cap C$29.74m.

2 posts by 2 Canadians on Stockhouse Bullboard, MMS
"At 4m tonnes a year, MMS has at least 150 YEARS WORTH." 24.3.19

"This will be large: Port can handle max 6m annually, P/E 10, so 4$ per share at least." 24.3.19

On Twitter, under "#kdnc" on Sun, 24 Mar 2019

MACARTHUR HAS SPENT C$60 MILLION SO FAR.
Ref: "Macarthur Minerals announces US$6m financing to complete Bankable Feasibility Study."-Marke****ch, 19.3.19 [Call up title to read]

KDNC 10% stake in Macarthur [TSX:MMS]

From CEO.CA MMS:

@internalaudit, 1 hr ago, Sun 24 Mar 2019 [UK time 2.35pm] "...However, Glencore has also agreed to release up to 70% of its off-take from Lake Giles in the event Macarthur locks down project from ANOTHER potential off-take partner." [Embedded is an article from Investing.news entitled: Macarthur signs iron ore offtake with Glencore for Lake Giles, 21.3.19]

Note: I checked and the quote is from Investing.news article.

Interesting. Link: https://ceo.ca/mms

Ref: 21 Mar 2019 [Thur] - Glencore & Macarthur off-take deal news [within this thread]

MAR 22, 2019
"Excellent days trading of Macarthur Minerals in North America yesterday after the Glencore off-take announcement. 33 million shares turnover in Canada and US markets." https://twitter.com/DavidLenigas/status/1109340192576540673

MAR22, 2019
"The big off-take agreement signed between Macarthur Minerals and Glencore is the start of an exciting journey for Macarthur." https://twitter.com/1109127207237181442

MAR21,2019
"This is a very big deal for Macarthur with a big iron ore off-take deal for its Australian iron ore asset. Just announced. The market might not get the significance of the Macarthur asset but the b i g g u y s do."
https://twitter.com/DavidLenigas/status/1108713820653043712

PROACTIVE INVESTORS 21 Mar 2019
"Cadence rising fast after Monster off-take signed by assocae Macarthur."
https://twitter.com/LONDONAIMCAP/status/1108872567312564225

Comment:
Going on what was said eg "Monster" off-take from the Proactive Investors article and the big guys do tweet, one has check what does it mean, in terms of size or Glencore*s yearly sales of iron ore etc.

Otherwise, in isolation, it is hard to imagine size without some data?

HANNAN & PARTNERS note dated 31.12.18-Target price 0.87p
https;//www.cadenceminerals.com

KDNC share price on Fri, 22 Mar 2019 - 0.22p, Mkt Cap £17m
All time low 0.10p+.

DYOR. Please check.

Ref: Macarthur Minerals [TSX:MMS] & KDNC RNS, Thur 21 Mar 2019
Link: https://twitter.com/CamMcCall/status/1108704244041801730
-In brief: US$4 billion off-take of 4m tonnes iron ore a year for 10 yrs- Further option for all tonnes next 10."
[KDNC owns some 10% of MMS & D.L Founder of REM sits on the board of MMS]
Note: Clarification RNS from MMS/KDNC on Fri, 22 Mar 2019 re:above - please check]

>HOW BIG IS 4M TONNES A YR AS ABOVE IN TERMS OF SIZE?
Glencore: "We physically market iron ore from 3rd party p r o d u c e r s to customers worldwide-with Asia making up most of our customer base."
"In figures: 2018 -79mt of iron ore sold via our marketing business."
Link: https://www.glencore.com/what-we-do/metals-and-minerals/other-metals-and-minerals

**FROM JARV55 on Fri, 22.3.19 at 10:06 Link: www.lse.co.uk/member-info-asp?nick=Jarv55
Extract from Stockhouse Bullboard: [Note: 3rd party info]
"550m/t available to sell from this mine."

From CEO.CA MMS- Mine to last 26 years [posted earlier]

So, simple maths: 550mt divide by say 26 years =21m/t a year to sell ? [Please check]
So, say 21m/t a year available to sell vs Glencore 79mt [2018] = 26.5% or 1/4 + ? [Just an idea of size?]

COST: "A$55/tonne FOB for magnetite & A$42/tonne FOB for hermite" [At A$55=US$42 approx if £1=A$1.7 & £1=US$1.3]
"High Grade Ore Price: 65% FE = US$98 per tonne or A$140 per tonne."
Link: https://twitter.com/CamMcCall/status/1108704244041801730 dated 21.3.19 [Ann]

PROFIT:
From the Stockhouse Bullboard as above: "A profit of $40-$60 per tonne @68%FE
At $50 profit x 550mt= $27.5 BILLION [or £21.15 billion at £1=US$1.3] [If above US$98 minus US$42=U$$56 approx]

If say, over 26 years of mine life = $1.057 billion a year.
If say, it is 20 year per Glencore off-take mine life time inc. option = over 20 yrs = $1.375 billion a yr.
----------
In £ it equates to £813,076 per year [26 yrs say]
or £1.057b per year [20 yrs say]

----
Peer: IF any co earns a profit [gross: revenue minus cost]= £813,076 say, they could command in the market at P/E 10 = £813m mkt cap or if at £1.057 P/E 10= £1.05m cap potential . If P/E less than 10, then accordingly re-calibrate.
-----
MACARTHUR MINERALS : BANKABLE FEASIBILTY STUDY
19 Mar 2019 announcement by MMS. Link: https://twitter.com/macminltd/status/1108155334927

MACARTHUR LISTS ON US OTC:QB
https://twitter.com/macminltd/109391965056434176 20 Feb 2019 [Ticker: MMSDF]
[Embedded: News release: "BM0 Capital Mktd: 2019 has gone from a yr where we were looking to replace marginal
tonnes to one to one where we need to incentivize additional higher cost material."

Please note:
I have not checked the "500mt available to sell" figure yet so it is 3rd party data and DYOR/Please check.
Imperative: All prices of iron ore or any other resources for that matter can rise or fall so an important point and CRITICAL to note so,1 has to continually check latest via research etc an

GLENCORE
Listed in the FT100
Mkt Cap: £43.18 billion [SP £3.11 on Fri 22 Mar 2019]

DAVID LENIGAS
11 July 2016 - Appointed as Independent Director to the board of Macarthur Minerals [TSX Canada]

MACARTHUR-GLENCORE DEAL
US$4 billion over 10 yrs @4m tonnes a year. Option for further 10 yrs for all tonnes. [RNS Thur 21 Mar 2019]

15:09 post within this thread, 23 Mar 2019 -
D.Lenigas tweet: "...BIG DEALS take a while to sort out." [Ref: Glencore>Macarthur Minerals deal as above]

DAVID LENIGAS [Chartered Engineer] IN NEW LEAGUE
Independent Director of MacArthur Minerals [TSX:MMS] and the announcement of 21 Mar 2019 of the MMS Glencore deal agreement as above. As far as one can ascertain from available info, this deal with an FT100 listed co, Glencore listed on the London Stock Exchange with a market cap of £43.16 billion, SP £3.11 [Fri, 22 Mar 2019] set his c.v to a new league?

WHAT NEXT?
We wait to find out.

Sat 24 Mar 2019

iconic-Tick.