The due diligence big funds like SL have to do before investing is immense hence this is an important vote of confidence for REM and reassurance for others to buy in to benefit from the capital growth that we all know is ahead.
RE: funding. What's galling to me is why DL agrees to issue the extra shares at 0.8p, diluting the value of current investors holdings, to the fat-cat institutional investor when on that very day loyal retail investors like ourselves were being inspired and having to pay much more. Surely if the ii was that interested and believes in the future potential of the company share price, then they should get on board at the market price like everybody else has to, particularly as we don't desperately need the cash raised by the placing !!!
Oh dear, DL actions upsetting sherriff of AIM, Share Prophet Tom Winnifrith . Tom not happy about the placing procedure that occurred, and quite rightly so as it did no favours for us retail investors. Hope DL can smooth things over with Tom as we need Tom on side.
This is a brilliant RNS. This is exactly the information the big boys need to have in order to make the decision to invest or buy us out. Get new seat belts fitted ready for use in 2015.
RE: Mail item placement: Hey Neat... don't give the Mail a hard time. Geoff Foster has followed and fairly given REM coverage over he last couple of years. His comment refers to no more than all us regular followers know from previous official releases and DL tweets which have suggested good news is due soon. The more significant ramp was the unnecessary RNS instigated by DL.
Re Bacanora: got a recommendation by the often bearish Share Prophets team 2 days ago with sp at 36p as a speculative buy. Good timing with today's current 50p price.
The speculation is just a one liner in the mail reporting REM share price movement up yesterday may be ahead of a good report due for release soon. However the journalist is Geoff Foster who I rate as he rew my attention to REM a couple of years back when the share price was 0.035p and I bought in.
Mail financial journalist (GF) first drew my attention to REM when share price was 0.035p and that's when I bought in. So I rate what GF reports.
Bengt Saelensminde writer for The Right Side ( a Fleet Street Publications outfit) has circulated an email to those on the mailing list, with an article outlining six reasons why he believes the Sonora project is still grossly undervalued. He is better informed than the sceptics of Share Prophets. A summary/extract of each reason follows:- ... “First , this project is sourcing lithium from clays. Most competitors are sourcing the metal from brines, or rock. Second, mining clay formations are likely to produce valuable by-products. Other minerals may well emerge, maybe even precious metals! Third, not only is mining clay cheaper, it’s also much quicker. Fourth, Sonora has local infrastructure, it has a strong pedigree of mining and more recently, even car manufacturing. It’s also only 150 miles from the US border. Fifth, from the initial drill samples, Bacanora has already created what’s known as battery grade lithium carbonate. Sixth, Bacanora is currently working on a borates project in Sonora too. ... Bringing the borate mine into production should not only provide profit (again, on paper, the project shows fantastic profitability), but it’ll also prove I can see why the market is starting to wake up to the delights of Sonora. “I can also see why these projects have higher valuations than competitors. Bacanora’s credentials as an operator – not just explorerâ€.