ybhere
10 Jan 2018
Bacanora Zinwald RNS From today's Bacanora RNS,Bacanora CEO Peter Secker said, "The issue of the exploration licence is a key milestone for Bacanora's activities in Germany. Falkenhain will supplement our two significant lithium assets at Zinnwald and Sonora, each of which have the potential to become major suppliers of high value products to fast growing end markets, such as electric vehicles and energy storage, in the strategically important European and Asian lithium markets. With an NPV8 of US$1.25billion and an IRR of 26%, the recent FS for Sonora in Mexico demonstrates the company-making potential of our most advanced project. We are focused on building a portfolio of world class projects, and with this in mind I look forward to providing further updates on the ongoing FS at Zinnwald." YB
sage in the hills
05 Jan 2018
Re: Weird Bluemogganer .... indeed it is somewhat weird , especially also bearing in mind they have a holding of European Metals ...or what ever it is (do please excuse me, i have this flu / cough thing ) ....and KDNC has never really moved either in reaction to that holding.KDNC has come off its lows, by approx 10% ..... but you're right, one would have expecteda closer working relationshipSAGE
sage in the hills
05 Jan 2018
Re: Comparison .....its because they changed their name from Rare Earth Metals ..........companies never do good when they change their name ....SAGE
Bluemogganer
04 Jan 2018
Weird Isn't it weird that despite KDNC still holding approx. 9% (I think) of BCN that the SP is barely moving - any idea why folks? BCN still rocketing with steady good buys. Waiting for a little price drop before transferring my remaining KDNC shares to BCN as recent BCN gains have now cancelled out 80% of my considerable KDNC losses and at this rate I could soon break even and after many years actually show a profit! Quite a relief to be out of KDNC for the time being. Good luck to all holders.
Bluemogganer
03 Jan 2018
Comparison BCN up 13% today is now at an all-time high whilst KDNC approaches an all- time low. BCN gains have now cancelled out 60% of my considerable KDNC losses. Think I may as well throw caution to the wind and dispose of my remaining KDNC shares topping up with more BCN as from what I can see, this year as far as KDNC is concerned is likely to be similar to last.
sennsmankini
18 Dec 2017
Nextview buying Lithium X [link] 18, 2017NR17-20Vancouver, BC – Lithium X Energy Corp. (“Lithium X” or the “Company”
(TSXV: LIX) (OTC: LIXXF) and Nextview New Energy Lion Hong Kong Limited (“NextView” are pleased to announce that they have entered into a definitive agreement (the “Arrangement Agreement”, pursuant to which NextView has agreed to acquire all of the issued and outstanding common shares and warrants of Lithium X (the “Arrangement”. Lithium X’s flagship project, Sal de los Angeles lithium brine project, as well as Arizaro Lithium Brine Project are located in the prolific “Lithium Triangle” in mining friendly Salta province, Argentina.Transaction Highlights:Cash offer of $2.61 per shareDirectors and officers of Lithium X holding approximately 6% of the outstanding Lithium X shares have entered into voting agreements to support the transactionUnder the terms of the Arrangement Agreement, each common share of Lithium X will be purchased by NextView at a price of $2.61 per share (the “Share Consideration”, and each warrant of Lithium X will be purchased by NextView at a price of $0.01 per warrant (the “Warrant Consideration”. The consideration to be received by the Lithium X shareholders pursuant to the Arrangement represents a premium of 29.4% to the 20-day volume-weighted average trading price of the Lithium X shares on the TSX Venture Exchange ending on December 15, 2017 and a 22.5% premium to the closing price of the Lithium X shares on the TSX Venture Exchange on December 15, 2017. The Warrant Consideration is nominal, reflecting the fact that the value of the warrants is being crystalized at an amount less than their $2.75 strike price. On completion of the Arrangement, all options to purchase Lithium X shares that have not been exercised will be automatically terminated under the terms of Lithium X’s option plan. All restricted share units will be redeemed for a cash amount per RSU equal to the Share Consideration.Benefits to Lithium X ShareholdersProvides immediate liquidity to common shareholders in the form of $2.61 per shareRepresents premium to shareholders of 29.4% based on the 20-day VWAP ending on December 15, 2017Removes future financing, dilution, commodity, construction, execution and country riskTransaction represents a premium of 37.4% over the highest price at which Lithium X has completed a financing ($1.90) since becoming a lithium explorer and developerLithium X Chairman, Paul Matysek and Brian Paes-Braga, Founder, CEO and Director, stated: “Today’s announcement successfully delivers on our team’s commitment to maximize value for our shareholders. Lithium X was founded at a minimal market value and went public two years ago, with a mission to help wean the world off fossil fuels through the development of high quality lithium deposits. We believe this $265 million transaction puts our flagship asset, Sal de los Angeles, in the hands of a well-funded, technically capable team. We thank NextView and its partners for their commitment to this transaction and provide our best wishes in their continuing efforts to complete on our mission.”Mr. Yaping He, Managing Partner of NextView, stated: “The acquisition of Lithium X’s wholly owned flagship project, the Sal de los Angeles lithium project (the “SDLA Project” represents a key cornerstone investment in NextView’s strategy of developing a leading global player in the new energy sector. The SDLA Project has a mineral resource exceeding 2 million tonnes of lithium carbonate equivalent (“LCE
theprior
15 Dec 2017
Re: More good news for BCN Given the current sp,Andy, I wouldn’t be selling now. The share is, in my view, well undervalued at this price.Perhaps better management of the portfolio would help sentiment (recent sale of part of BCN stake at such a promising point of development is a prime example)
ybhere
15 Dec 2017
Re: More good news for BCN You're correct TP according to the KDNC website,KDNC has Ownership of Bacanora : 9% Equity Interest – 30% Joint VentureOf equal interest, Bacanora has a 50% interest in, and joint operational control of, the Zinnwald Lithium Project, located approximately 35km south east of Dresden in the eastern part of Germany.Subject to the successful completion of a Feasibility Study, expected to take 18-24 months, Bacanora has the option to acquire the outstanding 50% held by SolarWorld.Also, KDNC has a 21% Interest in European Metals which has a 100% interest in the Cinovec mine. Cinovec hosts the largest lithium resource in Europe, and one of the largest undeveloped tin resources in the World. According to the road route planner, the distance between Cinovec and Zinwald is 0.4 miles and takes exactly 1 minute to drive between them. The German Czechoslovakia border separates the two. Hope they don't bump into each other underground, perhaps they already do.As mentioned previously, Daimler are opening their new GigaFactory at Kamenz in Germany, 56 miles from Zinwald, and VW are rebooting their Transparent Factory at Dresden, supposedly for electric vehicle manufacturing, Dresden being 32 miles from Zinwald and 35 miles from Kamenz.Interesting developments whether holding Bacanora or Cadence. Or both.You pay's your money, etc, etc.YB
andy48
15 Dec 2017
Re: More good news for BCN I am a very small invester ...is it worth keeping these and cut the losses?
theprior
15 Dec 2017
Re: More good news for BCN Pinky, they still hold c9% and c30% of the Mexalit (from memory, please check last KDNC RNS)TP
Bluemogganer
15 Dec 2017
Re: More good news for BCN Yes prior -- a nice lift of 8.5% for BCN this morning! I wondered why K sold such a large slice of BCN - very much the 'family silver' in terms of likelihood of realising a good return well before all the other investments. I guess he had no alternative at the time. I bought more BCN this morning.
PinkyPerkins
15 Dec 2017
Re: More good news for BCN Did they offload all the BCN Shares or did they retain a portion..?
theprior
15 Dec 2017
More good news for BCN Major Chinese investment and offtake agreement Wonder if Kieran is regretting offloading BCN shares ?TP
sage in the hills
14 Dec 2017
...some of this applies to some KDNC mineres Electric-Vehicle Boom Is a Boon for Coal King Glencore12/12/2017 5:17pmDow Jones NewsGlencore Plc (USOTC:GLNCY)Intraday Stock ChartToday : Tuesday 12 December 2017Click Here for more Glencore Plc Charts.Scott Patterson LONDON -- Glencore PLC, long known as one of the world's dominant coal traders, in a twist is finding itself the beneficiary of the greening of the global economy.The Swiss mining giant is benefiting from a coming boom in electric-vehicle production, which is driving up the value of copper, cobalt and nickel -- whose demand is expected to surge from production of the vehicles and the lithium-ion batteries that will power their growing fleets."Electric vehicles will be disruptive to the world," Chief Executive Ivan Glasenberg said on an investor call Tuesday, and will boost demand for those three commodities.The shift toward commodities that are likely to benefit from policies meant to curb global warming is a noteworthy shift for a company that once bet its future on coal. Mr. Glasenberg said days after Glencore's 2013 purchase of Xstrata PLC that the deal -- the mining sector's largest ever -- was a "a big play" on coal.But tumbling coal prices in the following years dinged Glencore's earnings, raising concerns that Mr. Glasenberg's bet had gone bust. Coal prices have rallied in the past year along with most other commodities.Now, commodities involved in the production of electric vehicles are becoming a primary earnings driver for Glencore. On Tuesday, the company forecast strong production growth in all three metals over the next few years, primarily due to electric-vehicle demand. It expects copper production to gain 25% by 2020 from 2017, cobalt -- of which it is the world's No. 1 producer -- to more than double and nickel to rise 23%.The company said it has completed an $880 million upgrade of one of its massive copper-mining operations in Congo -- Katanga Mining -- which will help it benefit from rising demand for copper and cobalt.Glencore had suspended production at Katanga in September 2015 so it could refurbish the mine and double annual production of copper to 300,000 metric tons, a goal it expects to reach in 2019. It said Katanga is expected to produce 34,000 tons of cobalt by then, likely making it the most productive cobalt mine in the world.A CRU Group report commissioned by Glencore forecast that by 2020, electric-vehicle related demand -- including grid infrastructure and storage, electricity generation, charging stations and the vehicles themselves -- could require an additional 390,000 tons of copper, 85,000 tons of nickel and 24,000 tons of cobalt.Year-to-date, copper prices have gained 19%, nickel is up 8.5% and cobalt has more than doubled, according to FactSet.Shares of Glencore are up 26% this year and have risen more than fivefold since investors fled the stock in 2015 amid concerns that tumbling commodity prices could strain the miner's debt-laden balance sheet. Since then, Glencore has slashed its net debt to $13.9 billion from nearly $30 billion.Cobalt, a byproduct of copper and nickel mining, is expected to see the biggest increase in demand from electric vehicles. Cobalt demand from electric vehicles could surge to 314,000 tons by 2030, a more than fourfold increase from global supply in 2016, according to the report by CRU, a London-based commodities researcher. Mr. Glasenberg said he doubts there is enough cobalt in the world to meet that demand."Cobalt is basically off the charts," Mr. Glasenberg said. He said metal prices are going to need to increase to provide incentives for miners to start new projects to supply the commodities required for rising electric-vehicle demand "which we believe is sitting around the corner."Analysts say rising demand for cobalt could provide a supply bottleneck for electric vehicles. One concern is over Congo, which supplies about 60% of the world's cobalt -- much of
sage in the hills
14 Dec 2017
Re: Now that's what I like to see! PP ....well done Pinky !!! .... where did you get your early news leak from ?? ... !!SAGE
