Review of REM Plc's --5p--PARTY vs KDNC's Amapa RNS,10.9.2513 Sep 2025 12:22
I recall, that at the height of the REM Plc party in London which I did NOT attend, 5p for REM Plc was mentioned. REM Plc hit 2.25p which had a approximate MKT CAP OF SOME £90M. So, the 5p party POTENTIAL would mean in the area of £180M.
The AMAPA iron ore project has an NPV of ---US$1.97BN per the below data from the KDNC RNS of 10.9.25 and both Crux Investor's article etc.
___ZEUS NOTE states a POTENTIAL PRICE TARGET OF 21.8 pence. On Fri, 12.9.25 the KDNC share price is 2.45p = £8m mkt cap [yesterday]. So that is roughly in the region of 10X today's price approximately= KDNC GOES BACK TO THE REM PLC DAYS OF AROUND 80-90M MKT CAP AT 2.25P the height.
---------------5p party then?---------In order to get the 5p party, the MKT CAP has to rise to some £180M MKT CAP ie DOUBLE. Ah, that could potentially be in academic theory at a much later time perhaps or POSSIBILY , when in production, by which time it can be VALUED on income and revenue as is NORM for operating co's.
CRUX INVESTORS: There is both an interview and article by Crux and it is correct as they say, KDNC's Amapa iron ore project does have A RAILWAY which is
the crux to transporting the iron ore.-------------In many cases like BAOBAB on the London stock market, it fell as building a RAILWAY has terrific CAPEX cost in itself. Baobab is no more.
SUMMARY: As DL , the Chairman said, he left REM Plc in good hands [para phrased]. Yes, Kiran Mozaria is the right person to take the project forward given he speaks the language in Brazil and it helps to understand the ground infrastructure etc. The Crux Investor's article is aware of the big Guinea iron ore project coming up. From the time AMAPA was discussed, it is down to the COST of the IRON ORE, the GRADE, the infrastructure which is ready to some extent, means only the TECHNICAL reports have to be done as is norm--------------and CAPEX which is also not as prohibitive as green field project ie start from scratch.--------------SO, WELL DONE TO KIRAN MOZARIA. Sat News, 13 Sep 2025.
It is regrettable that the other forum does not appear to allow just a simple sentence of DL Chairman of REM Plc to KDNC Plc under Kiran Mozaria since they go back a LONG TIME ie DAYS WHEN DL, CHAIRMAN OF REM PLC WAS EXE CUTIVE CHAIRMAN OF THE LARGE CONGLOMERATE, LONHRO PLC. I was rather taken aback by the conversation last night but on reflection I can see the attitude which I suppose is a good thing to know reality. So, this forum can now close on the note that KDNC has lived to see another day but other co's in resource are NOT as fortunate as they are no longer here ie Baobab. DYOR.
Sign In
Follow the stocks
