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By the way, the few posts on the REM story [history now] was posted on the weekend [mkts closed].

Nothing I have said is NOT known to the financial markets. So, it has been already PRICED IN to the BCN stock price, hence the mkt cap has gone to the £20+m. It has a cheap mkt cap for a reason ie funding event.

At the time when DL was in charge of REM and the takeover offer of 88.5p was made to BCN, there was never any article that said that it was not "viable" etc.

So, the ball now goes to the BCN court.

As for the gentleman that tweeted me and another person, these are the perspectives of the time and evidenced by the BCN RNS & REM RNS. For anyone who cares to read, the BCN rejection of the REM takeover offer of 88.5p is the more detailed. I have given the dates so it can be checked.

Well, this ends the whole topic of REM.

Sun 3 Mar 2019.

What I said about the 2 assets is for the time up to now and the correlation with the share price.

If you look at a stock on ASX like DGR, the mothership, it also mimics an exploration mining fund. The share price moves with the price of Solgold which is its biggest stake. It is in every quarterly report that Solgold is their biggest stake ie at around 11%. This is via observation.

The market will not value the NON-QUOTED investments of REM plc as there is NO market for the stock ie cannot be sold at a moment*s notice on the open market for £.

So, everyday, REM*s share price will be weighted against the 2 largest holding ie Bacanora & EMH. The rest of the portfolio is too small at this time to make any impact unless one of them turns out to have found a monster find.

It is NOT easy to be able to find VERY BIG FINDS these days.

That was what DL told investors re: Sonora and Midas said that it could supply 10% of the world*s lithium then from recall. Please check by calling up the article in one of the posts on this forum.

What happens tomorrow?

Ah, that is left to be seen. However, anyone wanting to look in would get the perception that these two are not very friendly from the RNS*s? On hindsight, REM offering to takeover BCN at 88.5p is not so undervalued now given the share price is around the 19p mark.

Every day is passing by and NO sound with regards to FURTHER PROGRESS.

I note Blackrock has sold some if I am not mistaken.

I am recording history only here and NOT making forecasts for the future which I do not know. However, one cant invest on a wing and prayer. The money is forthcoming or not forthcoming?

As you are aware, there has been ho ha from one Tony ... and apparently he turned up at the forum. So, for those reading the REM RNS*s would know that DL vision was to take over BCN and that resulted in an actual OFFER. BCN let the cat out of the bag.

If it came to the vote to accept or not accept, then it is up to the BIG holders to decide. Big holders would want to know more as a matter of course from DL as to how he is going to take it forward esp funding.

I was aware then, that when the offer was rejected outright, it was a fair offer [M & A would have worked on the figs]. True isnt it today ie the fullest value?

Seasoned investors are now becoming cognisant that time is passing by. By now, the mine should be shipping per jimb2, an old timer who is aware of the REM RNS*s and takeover offer etc.

Nemaska news is all over Twitter and everyone knows that funding is hard to obtain. That is the backdrop. So unless one can pick up the phone and call Gina and she knows or is willing to speak to the person, then it would be rather difficult to look for $400m. Robert Friedland has a Tier 1 copper project in DRC-he was offered $400m for a large % from the Chinese. Did he show them the door. No, he did do the JV. He lost a bit of £ but still has some £2 billion+ from recall. His name opens doors. Point.

Angus Forrest-Ex CEO of IMTK [re-named Abal Group Plc] on 1.3.19 per RNS.
Now, Chairman of Talisman Ventures, London.

Scott Amussen, Founder, Talisman Ventures, Utah, USA.
There is another Founder of Talisman Ventures not from the USA.

Comment:
So, its rather clear only from the Linkedin 2 entries that Talisman Ventures has a USA base and via Angus Forrest, a UK base in London. So, that was how they could co-ordinate the sale of IMTK [AIM listed in the UK] to a US co.

From what I can see, is that Scott Amussen is LIVE Levi and a BOARD MEMBER OF LEVI. Levi was taken private and I read recently that the Levi family wants to do an IPO in the USA via this article: "$2.5 billion blue jeans fortune emerges for Haas family with Levi*s IPO. - Japan Times 14.2.19. So, I am assuming that the name LEVI can only be the Levi family who are billionaires.

That cant be bad. If Mr Amussen telephoned Vin Murria, she might ask, say: "Pardon, Scott Amussen?". Most people these days would be able to type the name up quickly so as not to sound ignoromus and it would have said Board Member LEVI. So, the answer may then be: "Yes to can we meet for a business lunch."

Just a bit of humour there but one can get the drift.

So, little IMTK [loss making and small cap] could get Vin Murria to come in as a strategic major investor must have a logical network answer?

Vin Murria: "Advanced Computer Software agrees to £725 million TAKEOVER by Vista."- Telegraph, 25 Nov 2014
["Advanced Computer was an AIM co and Vista Partners were a US Private Equity group."

At £725m for an AIM co could be considered a successful one [history now].

So, Angus Forrest as a VC for Venture Capital, London could manage to bring in Vin Murria whose co could command nearly 3/4 of a UNICORN [£1b = 1 Unicorn].

So, now we have connected the possible dots to the history of IMTK.

THE FUTURE:
As everyone knows, the PAST is not a GUARANTEE of the future nor does history necessarily repeat in the same way.

Everyone on this forum has said why they are here and it appears to be, all are aware that this is NOT a blue chip and it is an AIM co [see detailed RNS of 1 Mar 2019].

So, everyone has been w a r n e d and no one can say they did not know.

I already said, I only have very little £ invested here, one that I can afford to lose in its entirety [definition of sophisticated investor per FCA definition for AIM co*s].

Having dinner. I do tend to do some due diligence if I have the time.

However, not much further I can go on this. Who knows who will be coming into Abal Group plc?
Do not forget there are RULES to RTO if it happens.

Sat, 2 Mar 2019
News
Not editing as busy with dinner.

tomcat-14
Agree totally.

I have a few more further thoughts. There is a project called Dundas in Greenland. The mkt cap is £110.5m @13p on Fri, 1 Mar 2019. One can see that the market is prepared to attribute a £110m cap to a world class project. A few days ago, there was an RNS that the tech people let slip that it is in discussions with Rio. So, with a possible major, if they can clinch it would help. So, any world class project can obtain a decent mkt cap.

CEO*s eg Woodsmith would need to know some heavy weights. I recall that the CEO of this potash project in Yorkshire was an investment banker who had dealing with Gina, the richest woman in Australia. I dont know her ranking currently but she pays the highest taxes in Australia. Ah well, £250m from Gina [see details] is loose change.

I was aware that it was virtually impossible to obtain funds for big lithium projects via a Blooms article. However, the investors in Bacanora were not aware but dare I be the bearer of bad news?

So, it transpired when the FUNDS were not forthcoming. Now, Citi has been asked to help but to-date NOTHING yet.

There was a lot of hoo ha re: Horse Hill ie that at best only a cup of oil would be produced. The press picked up on this. However, day after day, the eyes have shown 2 full tankers leave Horse Hill for BP Hamble refinery. So, in the end even the Beb woke up. DL himself said in an interview, they came down hard on him ie regs. Well, history shows that the naysayers got their geo wrong as opposed to Schlumberger etc appointed by DL.

I have learnt a personal lesson from this debacle re: old REM. BCN said it undervalued their co at 88.5p. However, today the share price is around 18-19p. What if they cant obtain funds given ALL this time? Citi can do the rounds with institutions and banks but if they are not keen, can they obtain ££ from them? A $36,000 question.

So, these days, a world class project needs 1 more element before the mine is built ie FUNDS into the millions.

Not so simple after all as the Sonora folks think. If tutes and banks would not lend, then where are the Gina*s of this world going to be found as these individuals do have the money to finance or part-finance big projects <$500m?

Answers on a postcard.

As for losses, its a steep learning curve. Dan Zanger lost $400k and he was dazed but went on to make back the money and was featured in Fortune magazine. Dan can show his tax returns as just one*s word is not good enough.
So, a skill to learn? Sorry for typos - need to get a change of glasses and short -sighted.

Sat, 2 Mar 2019 Decided to post due to the hoo ha on Twitter re: REM - a perspective.

Timeline:
1)Reverse Take-Over of Zest plc and renamed Rare Earth Minerals plc.
2)REM > Sonora Lithium, Mexico 18 Oct 2014 [via JV & investment + funding for drilling]

3)BCN r e j e c t s REM Takeover offer.
"Bacanora rejects REM merger offer."-Proactive Investors 30 Sep 2016 [Ref article]
"REM which already holds a 19.8% stake has suggested a share based REVERSE TAKEOVER that values Bacanora share at 88.5p."

Comment:
As one knows REM went from around 0.04p to 2.25p mark [£1m+ shell >£95m [+-] MKT CAP.
At the time, BCN was looking for funds to drill and David Lenigas went out to Sonora to take a look. DL, Chairman of REM decided to advance funds for drilling. I recall that it was difficult to obtain funding for Canadian exploration co*s.

REM began buying shares of BCN listed in Canada at a entry level. REM then did a JV with BCN for part of the Sonora licence area.

I am not sure what were the mutual talks between his Lordship [BCN] and REM at the time as to how they were going to take Sonora lithium project further? However, his Lordship*s demise meant that someone else took over at BCN as CEO with a C.V background in building mines? This CEO rejected REM*s t/o offer ie merger.

From my post just below via references, one will read that Sonora was "sitting on ONE of the LARGEST lithium..in the WORLD." ____Needless to say, this UNDER PINNED REM*s market cap at the time.___

In fact, at the time, many already could figure out that if REM took over the Sonora project via a T/O-Merger, that would be ideal - it was rather obvious to everyone on the REM forum due to the fact that REM provided the FUNDS for INITIAL drilling etc.

Had the merger gone ahead, then REM would have become a potential miner INSTEAD of classed as an investment co.

The capex or cost of the mine would be around the £400m mark or US$400m+ from recall?

Today, 2 Mar 2019, Bacanora [as I understand has NOT been able to raise the TOTAL funds needed to build the Sonora mine in Mexico. Please check the details re: RNS on their forum as this is from recall.

Bacanora has now appointed an US investment bank to help them to locate funding. As is commonly known, funding for lithium projects currently are not easy to come by given Nemaska also has NOT yet been able to obtain funding.

WHAT IF?
Bacanora share price is currently 18.75p, Mkt Cap £25.21m [Fri 1 Mar 2019] The 52 wk high is £1 and low 18p.

One wonders what if REM had taken over BCN. From personal observation only, REM then worked as fast as possible so what if they hurried and just made it in the open window for funding.

Could DL have obtain the funding? Although one cannot know the answer 100%, one observes that DL has recently left Artemis [ASX] as Chairman and handed this post to a Dubai prince [Ref:Dubai prince joins the board of Artemis.-Stockhead, 26.10.17 - his first step into ARV].

I have not researched too deeply as I am not a shareholder of Artemis but I gather the said Pri

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