Member Info for Valuation-it-is

https://uk.investing.com/commodities/tin-streaming-chart

Rock vs Brine :- But I guess there is a lot of already mined/crushed waste that can be processed for Lithium within the "Cornish Alps" so giving a very significant saving to Cornish Lithium relative to those miners who have to preparethen mine crush rock before extracting the Li..

Many thanks Major Oak for the explanations.

Sounds as if the start up costs for lithium in brine production might be a lot lower than starting a rock producing mine.

Major Oak
How do the costs of direct extraction from Brine compare with roasting rock methods? Is extraction from Brine much cheaper?

https://uk.investing.com/commodities/tin-streaming-chart

From the Telegraph :-
https://www.telegraph.co.uk/business/2021/08/26/markets-live-latest-coronavirus-news-pound-euro-ftse-100/
Retail investors lose battle against Bacanora takeover

Small investors trying to block the takeover of UK-listed Bacanora Lithium by major shareholder Ganfeng International have had their task made almost impossible after the suitor made an improved cash offer for the business, reports my colleague Alan Tovey.

Chinese mining giant Ganfeng, which holds almost 30pc of Bacanora, had been considering a £190m bid for the Aim-listed business which is developing a lithium deposit in Mexico.

On Wednesday Bacanora’s board and Ganfeng announced a recommended cash offer which included shares to cover the stake in another UK-listed lithium business, Zinnwald, that Bacanora holds.

The new offer is worth a total of 73.6p per share, representing a 63pc premium and higher than the 67.5p first mooted.

If the deal goes through, existing investors will get a cash payout and shares in Zinnwald worth 6.7p for each Bacanora share they hold.

When Ganfeng’s interest was first revealed, about 500 retail investors claiming to control about 6pc of Bacanora formed a group through social media called “Think BIG” - short for “Bacanora Investors Group” - to battle the approach.

They claimed the original offer undervalued the potential of the business which they say has the potential to become one of the world’s biggest sources of lithium.

Lithium is a key component in the production of batteries, and small shareholders have also flagged worries that a takeover would contribute to China’s domination of global supplies of the material.

Regulatory filings detailing the raised offer noted that M&G Recovery Fund, which holds 13.7pc of Bacanora, said it would support the offer, meaning 42.6pc of the shares back the Chinese bid.

This makes the retail investors’ target of securing enough support to vote down the offer almost impossible, with the new scheme only requiring a 50.1pc for acceptance.

Dee Patel, leading member of Think BIG, said the group was “incredibly disappointed” at the development.

He added: “This represents another victory for China, and yet another defeat for Britain.”
Shares in Bacanora jumped almost 20pc to 67p.

FT article re China/ commodity prices.

Commodity prices from iron ore to oil rallied on Tuesday as concerns eased about the impact of Covid-19 on the Chinese economy.
Iron ore prices soared 8 per cent, while oil prices traded back above $70 a barrel, as traders grew more confident about the prospect for demand in China.

The price moves come after a sharp sell-off last week in which iron ore endured its largest single day price drop since at least 2008 owing to concerns about the spread of the Delta coronavirus variant in China.

Benchmark prices for iron ore have fallen about 35 per cent from a record high of $233 a tonne set in May owing to worries about China’s economic recovery and Beijing’s efforts to cut steel production in a drive to reduce pollution.

But China’s announcement on Monday that it had reported no new local Covid-19 cases for the first time since July eased concerns about a sizeable impact to commodity demand in the world’s largest consumer of raw materials.
Line chart of Brent ($/barrel) showing volatile trading in oil market

“It seems that the concerns about demand that had still predominated last week have lost much of their scare factor, at least for now,” analysts at Commerzbank said. “One key part in this is the clear success that the Chinese authorities are having in combating the spread of the Delta variant.”

Benchmark iron ore prices on Tuesday rose by $12.1 to $148.6 a tonne, according to S&P Platts, after Goldman Sachs said the raw material had been “oversold”.

Oil prices have rebounded by almost 8 per cent in the past two days, with traders also saying the sell-off has gone too far. Crude prices had retreated last week to less than $65 a barrel, having started August higher than $76 a barrel.

Opec and its allies are due to meet next week but have so far not responded to calls from the US to speed up the return of barrels to the market after they made deep production cuts last year. The group agreed in July they would steadily add more barrels as demand recovered, but warned of uncertainties over the strength of consumption given the Delta variant.

A fire at a Mexican oil platform is also expected to disrupt supplies from the member of the expanded Opec+ group.

“Confidence seems to be growing that the pandemic hiccups across Asia and in particular China are temporary,” said Norbert Rücker at Julius Baer, but he said he expected oil prices to remain volatile around the low $70s rather than heading much higher. “Production is set to catch up with consumption as the petro-nations ease their output restrictions and the shale business continues to expand.”

Good morning Bubble

https://www.mining.com/web/home-us-infrastructure-bill-targets-critical-minerals-supply/?utm_source=Battery_Metals_Digest&utm_medium=email&utm_campaign=MNG-DIGESTS&utm_content=home-us-infrastructure-bill-targets-critical-minerals-supply

"Redmoor is, in its own right, a world-class undeveloped deposit (with a JORC (2012) compliant inferred resource of 11.7 mt @ 1.17% Sn Eq) and is understood to remain open at depth and along strike.

Fira, Bitcoin, Gorsuch

Thanks for replies to Redmoor query. I will look thro RNS's

The key to unlocking value in CUSN is the tin price..........................

https://uk.investing.com/commodities/tin-streaming-chart
Copper is also up
https://uk.investing.com/commodities/copper-streaming-chart

The tin price is up over $1000 per tonne at the time of writing, after a sharp fall last week caused by Chinese economic recovery being held back by covid and flooding.
I think that whilst Chinese demand growth may be adjusted downwards, supply is also likely to be impacted by covid, so am not surprised to see a price recovery this week.
https://uk.investing.com/commodities/tin-streaming-chart
Copper is also up
https://uk.investing.com/commodities/copper-streaming-chart

Anyone got an idea of the potential resource at Redmoor? Is there a rail line anywhere nearby?

(Sharecast News) - Analysts at Liberum bumped up their target price for shares of contracts-for-difference specialist Plus 500's latest quarterly trading update.
In particular, they highlighted the firm's recent acquisition in the US and expected roll-out of its new share=dealing platform in the back half of 2021.

On the back of those drivers, the analysts decided to revise their estimates for 2021-23 "materially" higher, while raising their target price from 2,090.0p to 2,220.0p.

They also noted the 20% jump in active customers over the first six months of the year, despite regulatory changes in Australia and the reduction in overall market volatility, as well as its "strong" operating cash conversion of 87%.

Liberum kept its recommendation for the shares at 'buy'.

Many thanks Dr A.

Most encouraging news.

Up your street Dr A!
Following on from the lat post.
"Under proposals being explored, only projects which emit less than 15-20g of carbon dioxide per megajoule of hydrogen produced would qualify for Government support. "
Can DMG's do that?

"Manufacturers are in line to be guaranteed a price for their hydrogen by the Government so they do not have to sell to consumers at a loss, under plans unveiled in consultation papers on Tuesday."

If this doesn't encourage DMG licencing, what will?

https://uk.investing.com/commodities/tin-streaming-chart

https://uk.investing.com/commodities/tin-streaming-chart

Anyone seeing the posts made on Monday? My screen only shows posts made up to Sunday night