REMMY -Rare Earth Minerals Plc

Discussion in 'Penny Stocks' started by Firemansam, Apr 9, 2016.

  1. Firemansam

    Firemansam Active Member

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  2. Firemansam

    Firemansam Active Member

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    These are notes by MerMillions (Investor) from the Monday night meet with Directors of REMMY. I was unable to attend as I was at a funeral up north.

    These are my personal comments on my meeting yesterday with BOD and should not be construed as investment advice. DYOR.

    DL is no longer involved with REM apart from being a large[​IMG] shareholder and friend whose opinion they respect. He no longer knows what's going on. This was told to me quite catagorically.

    The pilot plant is operational " on and off" basis as part of PFS. It is processing[​IMG] arge samples 80 tonnes of the ore from the deposit which will be provided to off takers

    Directors have noted my comments about them buying shares as in their opinion Rem very undervalued. It would give a boost to everyone. Eg GGG Director bought sp up 3O%

    The placing at 0.55p was all they could get .Alternative would be dilute our BCN holding by 10% PRIOR to PFS which I think all would agree we don't want to do.

    No plans for another placing but if incredible[​IMG] opportunity came along or invite in Strategic Investor then they might. They emphasised at this stage there are. NO plans for another placing.

    No comment was their answer re Megalit ask BCN.

    My own opinion is that sp on all our assets at MPV at project and equity eve is 3 p.

    The shares voted at last years AGM have not all been placed

    W L cash received for our shares and cash in bank can only be disclosed in Annual accounts

    Out PR Company I met David Bick who are coming up with a professional strategic marketing plan including videos and roadshows. This is a strong push for new BOD. I did not see video as time ran out.

    Directors options are linked to sp

    RNS costs about £100

    BCN are responsible for raising plant money but assuming we keep our equity stake REM would contribute when BCN raise cash at the project level eg JV probably by debt.

    Shorting goes on but nothing any individual company can do about it. EUROPE[​IMG] want to ban it !,

    I suggested concentrate on assets we currently own rather than new stakes in new companies eg South America causing further dilution to LTH. They noted PI concerns as on Monday evening.

    A predatory buyout is always possible with a pubic company but with 8 billion shares you would likely see sp rise before strike as they accumulate

    My own interpretation DYOR

    Great to see old friends and new on Monday

    Best wishes
     
  3. Firemansam

    Firemansam Active Member

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    smallcappower.com/top-stories/chris-berry-we-see-30-03-2016/

    No Bacanora, EMH , Macarthur etc the world will one day wake up but this is an interesting video. Chris Berryt says Junior lithium miners should focus on their production costs, . Hey Bacanora and EMH have one of the if not the lowest costs in the world
     
  4. Firemansam

    Firemansam Active Member

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  5. Firemansam

    Firemansam Active Member

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    Better than expected results , REM has 17% interest

    http://www.lse.co.uk/share-regulato...erly_Activities_and_Quarterly_Cashflow_Report

    PROJECT OVERVIEW

    Cinovec Lithium/Tin Project

    European Metals owns 100% of the Exploration Rights to the Cinovec lithium-tin deposit in the Czech Republic. Cinovec is an historic mine incorporating a significant undeveloped lithium-tin resource with by-product potential including tungsten, rubidium, scandium, niobium and tantalum. Cinovec hosts a globally significant hard rock lithium deposit with a total Inferred Mineral Resource of 514.8Mt @ 0.43% Li2O. Within this resource lies one of the largest undeveloped tin deposits in the world, with total Indicated and Inferred Mineral Resources of 79.7Mt grading 0.23% Sn for 183,000 tonnes of contained tin. The Mineral Resource estimates are based primarily on over 83,000 metres of historic drilling and 21.5 km of historic underground development completed by the Czechoslovakian Government from the 1960s through to the 1980s. The deposit has previously had over 400,000 tonnes of ore mined as a trial sub-level open stope underground mining operation.

    A Scoping Study conducted by specialist independent consultants indicates the deposit could be amenable to bulk underground mining. Metallurgical testwork has produced both battery grade lithium carbonate and high grade tin concentrate at excellent recoveries with the Scoping Study revealing a potential production cost of approximately $1,500 per tonne of lithium carbonate excluding tin and tungsten credits. Cinovec is centrally located for European end-users and is well serviced by infrastructure, with a sealed road adjacent to the deposit, rail lines located 5 km north and 8 km south of the deposit and an active 22 kV transmission line running to the historic mine. As the deposit lies in an active mining region, it has strong community support.
     
  6. Firemansam

    Firemansam Active Member

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