Member Info for observer842

What's that @maddog? BCN + EMH down = KDNC down? Genius deduction. Talking of doing your own research, don't forget to keep an eye on San Luis news from our neighbours. ;-)

A decent episode, and the next one recorded in London sounds like it will be promising too.

"Global Lithium Podcast E19: The Lithium Times" (SEPTEMBER 1, 2018)
http://lithiumpodcast.com/podcast/e19-the-lithium-times/
===[
Joe and Emily sit down with Henry Sanderson of the Financial Times, one of the lithium industry’s most reliable voices. In a typical X-Men fashion, Henry shares his origins story involving Hong Kong during the handover and Beijing during the Olympics. Although he didn’t get superpowers, Henry explains how the daily reality of pollution inspired his interest in electric vehicles and a green energy future.

What role will oil companies and mining companies play in this future? The three look at the London Metals Exchange and other efforts to standardize pricing. They compare and explain the general sentiment surrounding stocks. There may be some challenges with forecasting, but these three heroes can take on pricing and institutional money.
]===

gets a brief mention in this episode - one of their better ones:

"Global Lithium Podcast E19: The Lithium Times" (SEPTEMBER 1, 2018)
http://lithiumpodcast.com/podcast/e19-the-lithium-times/
===[
Joe and Emily sit down with Henry Sanderson of the Financial Times, one of the lithium industry’s most reliable voices. In a typical X-Men fashion, Henry shares his origins story involving Hong Kong during the handover and Beijing during the Olympics. Although he didn’t get superpowers, Henry explains how the daily reality of pollution inspired his interest in electric vehicles and a green energy future.

What role will oil companies and mining companies play in this future? The three look at the London Metals Exchange and other efforts to standardize pricing. They compare and explain the general sentiment surrounding stocks. There may be some challenges with forecasting, but these three heroes can take on pricing and institutional money.
]===

Whilst I'm thinking about it:

"Annual Report and Financial Statements for the year ended 30 June 2017"
https://www.inspirit-energy.com/uploads/results_reports_presentations/1514721949-4e9bddbeaed95adb0/Inspirit%20Energy%20Holdings%20Plc%20Annual%20Report%20and%20Financial%20Statements%202017.pdf
===[
The Group has excess management expenses of approximately £4,500,000 (2016: £4,150,000), capital losses of £150,000 (2016: £150,000) and non-trade financial losses of approximately £119,000 (2016: £119,000) to carry forward against future suitable taxable profits. No deferred tax asset has been provided on any of these losses due to uncertainty over the timing of their recovery.
]===

So likely now over £5m in retained losses. In the worst case scenario that the Inspirit Charger is not going anywhere fast, I wonder if we are intending to use those losses against the (hopefully profit making!) consultancy subsidiary?

"Inspirit Energy Consulting: The Energy Efficiency Consultants"
http://www.inspiritenergyconsulting.co.uk/

which remains unannounced to the market... Not everyone follows companies house JG! Sigh.

Ob.

@Fallingknife I still see a share price above 0.07p very likely. But with very few buyers, and sellers wanting out on no news and extremely bad sentiment (remember we have a reputation short on us), the low volume is bringing the share price down. What have we seen trade hands recently for the recent drop? 20-30m shares? A couple of percent of the market cap? Nothing.

On good news this share will fly, and I for one aren't selling any shares until we are multiples above the current price - and I'm getting very tempted to go in much bigger than I really should ;-)

It's coming up to 4 months since the £530k was raised for:

"Issue of Convertible Loan Notes" (04 May 2018)
https://www.investegate.co.uk/inspirit-energy-hlds/rns/issue-of-convertible-loan-notes/201805041454342187N/
===[
Continued certification of the microCHP boiler;
Commercial trials of the microCHP boiler;
General working capital; and
Potentially to make investments in complementary areas and technologies that will utilise the Company's existing technical expertise.
]===

and not a dicky bird since. I think on balance I can just about stop myself from piling in before news (maybe just a few more!), but I'm seriously surprised more aren't buying in at this mcap. The company's assets, cash, trading losses etc surely make it more valuable than this? The big question to me is, why so silent JG!? News coming? Funding news perhaps? ;-)

http://ukbusinessbrokers.com/profitable-sell-buy-loss-making-business/

Ob.

Another consolidation? I'll own the company before that happens at this rate! ;-)

The new nominal is 0.001p and with 1,420,806,859 shares in issue at that price it'll have an mcap of £14k.

Talking of market caps. @0.032p we are worth £455k...

Here is something a little later:

"Sonora Project Update" (06 April 2018)
http://ir.euroinvestor.com/Solutions/BacanoraMinerals/2482/newsArticle.aspx?storyid=13872413
===[
Energy

It is currently envisaged that LNG gas supplies will be initially utilised at Sonora during the early stages of commissioning whilst gas consumption is low. Once energy consumption reaches steady state, pipeline supply to the Project will be initiated. The Company is in detailed discussions with a number of potential Build, Own and Operate (BOO) energy partners for the gas pipeline development to the Project along with the finalisation of the proposed natural gas pipeline routes. Detailed quotes for the supply of LNG are also currently being evaluated.
]===

Nothing on the type of energy contracts in the August update.

Good news for Sonora. Have we heard any more about energy further to this?

"APPENDIX TO AIM SCHEDULE ONE ANNOUNCEMENT" (20 February 2018)
http://www.bacanoralithium.com/pdfs/Appendix%20to%20AIM%20Schedule%20-%20Proposed%20Admission%20to%20AIM%20February%202018.pdf
===[
Energy

Energy has been a significant focus of the Feasibility Study and Bacanora Canada has received a number of proposals for the supply of natural gas (via pipeline) to the Sonora Lithium Project. There is a significant operating cost saving in using natural gas rather than LNG and Bacanora Canada is currently working with a shortlist of potential pipeline and natural gas suppliers to ensure that natural gas supplies from Agua Prieta to the project site are available in time for the commissioning Stage 1 of the Sonora Lithium Project. In addition to supplying natural gas for the kiln circuit, the energy supply package would include the installation of a gas turbine combined cycle plant on site to produce high voltage electricity for the processing plants.
]===

Agua Prieta is on the US border. Also page 217 of the FS recognises the NAFTA risk:

"Technical Report on the Feasibility Study for the Sonora Lithium Project, Mexico" (January 25, 2018)
http://www.bacanoralithium.com/pdfs/Bacanora-FS-Technical-Report-25-01-2018.pdf
===[
If NAFTA is cancelled it may have a detrimental impact on some equipment and reagent pricing that has been used in the FS due to increased taxes, duties, etc. There may also be a detrimental impact to schedule if there are new border and customs clearance requirements or delays that do not currently exist.
]===

Here is some potentially positive news:

"U.S. and Mexico Agree to Preliminary Nafta Deal" (Aug. 27, 2018)
https://www.nytimes.com/2018/08/27/us/politics/us-mexico-nafta-deal.html

It's because Sonora could do with that cheap LNG (amongst other things):

"NAFTA Deal To Bolster U.S.-Mexican Natural Gas Trade" (Aug 17, 2018)
https://www.forbes.com/sites/judeclemente/2018/08/17/nafta-deal-to-bolster-u-s-mexican-natural-gas-trade

Page 217 of the FS recognises the NAFTA risk:

"Technical Report on the Feasibility Study for the Sonora Lithium Project, Mexico" (January 25, 2018)
http://www.bacanoralithium.com/pdfs/Bacanora-FS-Technical-Report-25-01-2018.pdf
===[
If NAFTA is cancelled it may have a detrimental impact on some equipment and reagent pricing that has been used in the FS due to increased taxes, duties, etc. There may also be a detrimental impact to schedule if there are new border and customs clearance requirements or delays that do not currently exist.
]===

Ob.

"Cadence #KDNC" (27 June 2018)
https://www.voxmarkets.co.uk/blogs/cadence-kdnc-jubilee-metals-group-jlp-i3-energy-i3e-rose-petroleum-rose/
===[
@11:50
... and we also have an area of exclusivity, so PREM can't stake areas around it without approaching KDNC first
]===
I want to see a map.

@tomcat - I'm clearly not getting where you are coming from. In Sonora BCN have always had their 100% LV and there has always been a risk they will develop that first. This predated the JV agreements. For the Zulu project there is no pre-existing 100% LV near by that PREM could develop ahead of the JV - and as @Kiran stated in the interview, we have an area of exclusivity surrounding the JV - meaning that should they decide to explore near the JV area we have the right to join in too. This clearly indicates to me that should the JV come up trumps it's unlikely that PREM will be able to mine a nearby 100% LV as BCN did.

So in my mind if the JV project as defined by the DFS is proved to be economical, it'll either be mined by the JV partners (assuming funding is available) or (part) sold. It is unlikely to be put on hold whilst a nearby part of the project is mined first, ala Sonora.

Unlike the Sonora JV's this seems like a win-win agreement to me. What am I missing?

Thanks @ALLAN - I had a vague memory someone had mentioned they'd contacted him about this - now I see it was you. ;-) The Lithium juniors on AIM need all the publicity they can get, so fingers crossed it's released with at least some fanfare, and not just silently added to a page near 2 months old now...

By the way @Dallas - I completely agree that a decent JV agreement could have insisted that the JV's get mined before the LV. But seriously - if you were BCN would you cede to that? Of course not! ;-)

Correct @tomcat - it isn't in the published HoT. @Kiran said it here @11:50:

"Cadence #KDNC" (27 June 2018)
https://www.voxmarkets.co.uk/blogs/cadence-kdnc-jubilee-metals-group-jlp-i3-energy-i3e-rose-petroleum-rose/
===[
... and we also have an area of exclusivity, so PREM can't stake areas around it without approaching KDNC first
]===

There - it's in writing ;-) Anyone going to the AGM might want to see if they can get @Kiran to repeat and expand on this?

@tomcat - the gamble with Sonora was that our JV's would turn out to be more economically attractive to mine before the LV, or we managed to sell for good value. This didn't turn out to be the case despite the hope and hype coming from certain sectors... However, despite this I'm very bullish on our JV's in Sonora - just that at this point, without BCN yet to achieve funding for the 17.5ktpa mine, never mind the expansion to 35ktpa and the 50ktpa and beyond we really need to value out the Mexilit JV, the market is (sadly) assigning pretty much zero value to it. Infinite upside though - every cloud has a lithium lining. ;-)

@Dallas - given the depth of the (majority) of the lithium in the JV next to the LV deposit, the grades would need to have been higher for the JV to be mined first. Once the grades came in, and it started to become clear that the LV was going to be mined first as that project would be more valuable, we started to buy into BCN. Surely this is all obvious now? - in hindsight! It certainly seems a fairly consistent story to me now. What pieces of history don't seem to fit for you?

Ob.

"surrounded". Ahem. The LV is surrounded by the JV's.

@tomcat. Mexilit is surrounded by a 100% BCN owned lone venture which eventually led to our JV being mostly sidelined as the Mexilit grades were not sufficiently high and their location not sufficiently favourable for that to be mined first. @Kiran has indicated that the Zulu deal will prevent PREM from staking out nearby areas without our involvement. Lesson learnt! ;-)

Nice to see that Matt is still long EMH ;-)

I see the investor presentation is still "available soon" at:

"BENCHMARK WORLD TOUR 2018 | EUROPE – DOWNLOAD PRESENTATIONS HERE" (4th July 2018)
http://www.benchmarkminerals.com/benchmark-world-tour-2018-europe-download-presentations-here/

It's ridiculous that all the other companies who have published theirs are getting the publicity which EMH could sorely benefit from round about now to help prevent the notorious AIM share price leak on no news and no new investors to balance the existing ones getting bored and rainbow hunting elsewhere. Sort it out @Keith! ;-)

@Birdseye. As well as watching the video I posted, take a look here for the technical (patented) details behind the Inspirit Charger:

https://patents.google.com/?assignee=Somemore+Limited

I'm going on what is in the HoT and what @Kiran has said - i.e. face value. To me it seems there is a reasonably clear path to 30% and first refusal to 49% with exclusive marketing rights, with us being able to exit at any point along the path. Those that haven't read the HoT it's worth a read - and I'd be grateful if you can spot any gotchas:

"Heads of Terms Signed to Earn In up to 30% of a Significant DFS Ready Lithium Project" (27 June 2018)
http://irservices.netbuilder.com/ir/cadence/newsArticle.php?ST=REM&id=2489469

Seems to me the HoT is fairly detailed for what it is. And who can blame them given the BoD's prior (poor!) experience with joint ventures...

As to disclosure: as a PI it's my business whether I disclose my position on a share.

@Bannor "Do you hold PREM like Addicknt does....". I've only declared an interest in KDNC and INSP (which I wouldn't mind help in unravelling something puzzling I've just posted about if anyone invested here is also invested there - and even if not I suppose!). Yes, I haven't answered your question. ;-)