The RNS from Mkango Resources (MKA) reads well. It has done a deal which sees Noble Group farm in to earn a 49% stake in the company's rare earth's project at Songwe by spending £12 million on the ground. But there is a bit of a caveat that bulls opt to ignore.
Time really is running out if you want to attend what is the country's biggest and most exciting one day event for those who are serious about making money from shares. UK Investor Show will be having a 15th birthday party on April 1 (no kidding) in Westminster, London. But as of today fewer than 400 of the 3,000 tickets are unallocated. So if you want to attend book one NOW!
In my bid to take encourage slack and take jobs that rightfully belong to hard-working Brits, I was forced to take a 'Life in the UK' test last Monday to measure my knowledge of the patron saints of the constituent countries, the voting system used in Wales, and which Roman emperor built a wall in a vain attempt to keep ancient Scots from glassing ancient northerners.
Rare Earth Minerals (REM) has seen its market cap more than double in the space of a month, but it is hard to see anything that justifies such a meteoric rise.
This concerns Premaitha (NIPT) where I feel misled and explain why I regard brokers Finncap as complete and utter bastards. Premaitha shares are a buy but it should sack Finncap now. I then move onto Gulf Keystone (GKP), Bacanora (BCN), Rare Earth Minerals (REM) and the pig Lenigas, Mariana Resources (MARL), Goldstone Resources (GRL) and Falkland Island Holdings (FKL) a company that has never recovered from being tipped by another complete and utter bastard, the uber-talentless Richard "Gollum" Gill. I am in a bad mood today and this podcast contains lots of bad langauge.
On 15 December 2015 long time David Lenigas lackey Roland "fatty" Cornish floated, already Aussie listed, European Metals (EMH) on the AIM Casino on the back of its Cinovec lithium project in the Czech Republic.
Warning: The podcast contains both bad language and also a lot of abuse directed at Australians.I start with the guys who run Slater & Gordon and accept that they can't be thrown to saltwater crocs who have not eaten since Christmas. shame. Its all down to geography. I then move onto the liar David Lenigas, Rare Earth Minerals (REM) and LGO Energy (LGO). Then to Bingo Bango Bongo (BGO) WTF is going on? Petroceltic (PCI) - the new Afren in every respect - and then to 4D Pharma (DDDD), Finally I dwell on the spectre of mass unemployment in certain sectors in China, the UK and the USA and what it means.
On 19 November 2015 shares in Rare Earth Minerals were 0.8p and I warned that they were overvalued and that a placing was 100% inevitable - HERE. David Lenigas took to twitter and explicitly accused me of lying/being a troll/making it all up. Today the shares stand at 0.57p after a placing today at just 0.55p. So who is the liar now?
Bacanora Minerals (BCN), the AIM and TSX-listed lithium explorer with assets in the Sonora province of Mexico, has stood out from its peers in the junior exploration space in recent years. While share prices have collapsed all around it, this lithium play has maintained a market cap of £70 million despite having yet to release a PFS. Part of this is because lithium was the hot commodity of 2015, but also because (as Peter Secker alluded to when this exact question was put to him at Gold and Bears) Bacanora has a "supportive shareholder".
I have an idea which cannot lose. This is a stockmarket scheme which has to be a winner. First we set up a new company...
Featuring shares in Berkeley Energia (BKY), Glenwick (GWIK), MX Oil (MXO), Obtala Resources (OBT), Optibiotix (OPTI) and Rare Earth Minerals (REM) with share price targets for all six stocks.
I delay breakfast at Tom's Diner in Brooklyn for you dear listeners. I explain the sacrifice I am making. Then the theme is one of denial as I examine Zincox (ZOX), Sefton Resources (SER) & flip flop Ben Turney and finally 88 Energy (88E). I move onto how one reacts to fair questions and the scumbags at China New Energy (CNEL) and Afriag (AFRI). I look at Asian Citrus (ACH), InternetQ (INTQ) and Mosman (MSMN) - both zeros and eServGlobal (ESG) which is also heading for 0p. There is a final swipe at Rare Earth Minerals (REM) and Jabba The Hutt, Mr David Lenigas.
There are number of reasons why Rare Earth Minerals (REM) is a slam dunk sell. So many that it is hard to know where to begin. But we might as well start with the macro scene and a very important article that appeared on this website a few minutes ago.
Jabba The Hutt quit all five AIM Casino boards he sat on today. In this podcast I reveal the events of the weekend and discuss why he may have left. I warn him that the Nationals are on his case and so smearing me will be ever more pointless. And then I look at actions of the Bulletin Board morons who are still in denial. And finally at what this means for the Jabba stable. It is bad news. The best bet for near term zeros are Afriag (AFRI) and Evocutis (EVO) but Rare Earth Minerals (REM), Inspirit (INSP), Solo Oil (SOLO) and LGO Energy (LGO) are also all slam dunk sells as I explain.
This morning fat Aussie share ramper David Lenigas has, without warning, resigned from the boards of all five AIM Casino Companies on which he sat: Inspirit (INSP), Afriag (AFRI), Rare Earth Minerals (REM), Bacanora (BCN) and Evocutis (EVO). Why?
I commented in a recent Bearcast that Director's options should be set at a price so as to reward success not failure, and to align Directors' interests with shareholders. Recently we have seen Debenhams reset Directors' option exercise prices downwards so that they can still be achieved despite failure and a crashing share price. But this trick goes way back, and no-one is better at this 'move-the-goalposts' approach to performance management than Jabba The Hutt, David Lenigas.
Over the weekend one of our most read pages was a very old article about bogus Tripadvisor reviews of a restaurant called Real Man Pizza Company. This was driven by discussions on the LSE Asylum Rare Earth Minerals (REM) thread about "defending their stock" - down again today BTW - by attacking me. And lo and behold...
I seem to be struggling to do business with my olives here in Kambos, Greece. I appear to have sold the oil - all bar 16 litres which I am taking back to the UK. But so far I have paid the press 16 Euro for the transaction which now sees it owning 200 litres of MY oil. Surely this is not right? Perhaps InternetQ (INTQ) runs the olive press? In this podcast I also cover LGO Energy (LGO) just to keep Wildes happy - Jabba the Hutt fave Rare Earth Minerals (REM) and European Metals (EMH), Concha (CHA), Tern (TERN), Imaginatik (IMTK), Peer TV (PTV) and the looming debacle at Chris Oil fave Mkango Resources.
In this presentation from Gold & Bears I posed 12 questions that Jabba the Hutt will not answer. I then ran through the Lenigas portfolio explaining why you should sell shares in each of: LGO Energy (LGO), Rare Earth Minerals (REM), UK Oil & Gas (UKOG), Inspirit (INSP), Lenigas Cuba (CUBA), Evocutis (EVO), Solo Oil (SOLO) and AfriAg (AFRI). Enjoy...
In today's podcast I refer you to the earlier piece on Defenx (DFX) - here - and the critical importance of reading original documents. Then it is the fraud playbook - how companies and investors react when they are caught with their trousers down or attacked just for being overvalued. Companies mentioned include Globo (GBO), Quindell (QPP), Rare Earth Minerals (REM) and Internet Q (INTQ)
Modesty is not normally a word one associates with Jabba The Hutt. Words like ramper, promoter, exaggerating, bullshit, overpaid, greedy are ones that spring to mind. And modesty is something that is not evident at all as Big Dave Lenigas turns his hand to blogging.
Jabba The Hutt likes to get shares at 0.01p in companies he is involved in. So what if other folks have to pay far more at the same time, David Lenigas sees it as a reward for enterprise. We have already seen scandals on this front at Lenigas Cuba (HERE) and AfriAg (HERE) but the Big Daddy is Rare Earth Minerals (REM) as I shall now explain.
Another hat tip to reader Rudyard. Jabba The Hutt, aka, David Lenigas is a share promoter, and a good one – so far at least - , but the result is that shareholders in things like Rare Earth Minerals (REM) can end up over-paying. There is no doubt that the Sonora lithium deposit is very large, and in the fullness of time could generate substantial value. But that misses the point, which is that Rare is an investment company and one should therefore look at the share price in terms of the current market value of the individual components. This is important when you can get access to the same assets via investing directly, in other listed companies.
Entrepreneurial lithium hopeful Bacanora Minerals (BCN) says it is poised to embark on a feasibility study for its Sonora lithium project on north-eastern Mexico after hoisting indicated resources there 337% to five million tonnes of lithium carbonate equivalent (LCE) in clay at an average 2,600 parts per million.
In this podcast I once again tantalise Lord David Bick - PR bully boy to Del Boy Lenigas - a new discussion is at the end. I start with Rare Earth Minerals (REM) - following up from here - then move onto Leed Resources (LDP), New World (NEW), Poundland (PLND), Optibiotix (OPTI), Bovis Homes (BVS), Johsnton Press (JPR) and fianlly to Solo Oil (SOLO), a company associated with Jabba the Hutt.
If you want me to analyse a stock for you just drop me a line at email@example.com - Today I look at shares in Churchill Mining, Rare Earth Minerals and Stratmin Global with share price targets set for all three.
With a hat tip to reader Rudyard, I now lay out the bear case for Rare Earth Minerals (REM), another David “Green Hair Services” Lenigas AIM Casino counter that is monumentally overvalued. The fat aussie share ramper Jabba The Hutt insists he has no need to issue shares. The maths suggests he has to. The shares should fall by 75%.
Fat Aussie share ramper David Lenigas says that he has a new job. Well I guess after the way he had car crashed so many companies on AIM plus ISDX lobster pot listed Lenigas Cuba that has to be a relief to the wider investment community. Apparently Big Dave (pictured left) is now a full time troll hunter. Well part time. He still has his main job of gushing twitter diarrhoea to keep him happy.
Featuring shares in David Lenigas (pictured left) donkeys: Afriag (AFRI), Inspirit Energy (INSP), LGO Energy (LGO), Rare Earth Minerals (REM), UK Oil & Gas (UKOG)
I am in Shipston with my father who has just won a premium bond. I discuss this ahead of spending it in the White Bear. Also how I deal with charities who call him. Then it is onto David Lenigas at the start with Lenigas Cuba (CUBA) and at the end with Rare Earth Minerals (REM). In between I look at Velox3 (VLOX), Juridica (JIL), Oilex (OEX), Phorm (PHRM), JQW (FRAUD), my anger at Reach4Entertainment (R4E), Paragon Diamonds (PRG) and I give Northern Petroleum (NOP) a well deserved kicking. Warning - this podcast contains strong language which some may find offensive. C'est la vie.
It seems to be open season on David "Green Hair Services" Lenigas (pictured left). Today top broker Andrew Monk of VSA Resources who is a mega bull of lithium has taken Rare Earth Minerals (REM) and Bacanora Minerals (BCN) off his buy list just because of the Lenigas factor. And he has also stuck the knife into jabba the hutt, notably on UK Oil & Gas (UKOG). Mr Monk writes:
Amid the general commodity gloom, entrepreneurial Mexico-focused lithium hopeful Bacanora Minerals (BCN) is making distinctly optimistic noises after reporting a C$2.7 million (£1.3 million) loss for the year to June. Chief executive officer Peter Secker says the company, which floated on AIM last year with a £4.75 million placing at 33p, half its then price on the Toronto Venture Exchange, and now trades at 86p, faces ‘highly favourable demand dynamics, as a result of the vital role lithium plays in growth industries, such as mobile communications, electric vehicles and energy storage.’
Featuring shares in Amur Minerals (AMC), Cap-XX (CPX), Formation Group (FRM), Mporium (MPM), Quadrise Fuels (QFI), Rare Earth Minerals (REM) with share price targets for all five stocks.
Featuring shares in Armadale Capital (ACP), Aeorema Communications (AEO), Boxhill Technologies (BOX), Plutus Powergen (PPG), Rare Earth Minerals (REM), ULS Technology(ULS) with share price targets for all six stocks
If you want me to analyse a stock for you just drop me a line at firstname.lastname@example.org - Today I look at shares in Formation Group (FRM), Kennedy Ventures (KENV), Rare Earth Minerals (REM) setting share price targets for all three stocks.
Entrepreneurial Rare Earth Minerals (REM), headed by controversial Australian resources player David Lenigas, has spent £324,500 lifting its stake in fellow AIM counter Bacanora Minerals (BCN), as work speeds up at Bacanora’s Sonora lithium project in northern Mexico. Following Bacanora’s milestone agreement to supply Tesla Motors, US maker of electric vehicles, with lithium hydroxide for the batteries they need, the Sonora participants have mobilised a second rig to accelerate drilling the second nine holes of an 18-hole programme as part of a pre-feasibility study on the project, which should be completed in the first quarter of next year.
John Meyer of SP Angel this morning comments on Amur Minerals (AMC), Ariana Resources (AAU), DiamondCorp (DCP), EMED Mining (EMED), Metminco (MNC), Mwana Africa (MWA) & Rare Earth Minerals (REM) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.
Featuring Bacanora Minerals the shares of (BCN), CEB Resources (CEB), Karelian Diamonds (KDR), MX Oil (MXO), Rare Earth Minerals (REM), SolGold (SOLG), together with some share price targets.
Featuring Gulf Keystone (GKP), Jubilee Platinum (JLP), Phorm Corporation (PHRM), Rare Earth Minerals (REM), Stratmin Global (STGR), Vast Resources (VAST)
John Meyer of SP Angel this morning comments on Antofagasta (ANTO), Berkeley Resources (BKY), Nord Gold (NORD) and Rare Earth Minerals (REM) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.
Other commodities may be plunging and testing six-year lows. But lithium, in demand for storage batteries, mobile devices, electric vehicles and ‘smart electricity grids, is proving a notable exception so far, with prices paid by key Chinese users this year ranging from $5,000 (£3,205) to $6,500 a tonne, up from $3,000 at the turn of the century. That is why entrepreneurial Bacanora Minerals (BCN), backed by controversial David ‘Gatwick Gusher’ Lenigas’s Rare Earth Minerals (REM), is setting up a starter operation at its Sonora project in North East Mexico.
If you want me to analyse a stock for you just drop me a line at email@example.com - Today I look at Corero Network Security, Rare Earth Minerals, United Carpets.
Featuring Eurasia Mining (EUA), Mwana Africa (MWA), Rare Earth Minerals (REM), Sirius Petroleum (SRSP)
Featuring Aortech International, CEB Resources (CEB), Goldstone Resources (GLR), Rare Earth Minerals (REM), Strategic Minerals (SML)
Featuring Bacanora Minerals (BCN), Metal Tiger (MTR), North River Resources (NRRP), Rare Earth Minerals (REM), Red Emperor (RMP), Range Resources (RRL)
A bullish resource update from Bacanora Minerals (BCN) for its Sonora lithium project in Mexico has comforted fans who have fuelled the shares’ AIM rally from below 40p in late November to 88p now. Chaired by veteran sector player Colin Orr-Ewing and backed by equally entrepreneurial fellow AIM counter Rare Earth Minerals (REM) and its colourful Australian boss David ‘Gatwick Gusher’ Lenigas, the company says ubiquitous consultant SRK carried out the report on Sonora, identifying an indicated resource estimate of 1.2 million tonnes of lithium carbonate equivalent (LCE) with an average 2,200 parts of LCE per million parts of rock plus a more tentative inferred resource estimate of 6.3 million tonnes with 2,300 parts per million.
I remain convinced that the chances of Worthington (WRN) relisting are somewhere between no hope and Bob Hope but a hell of a lot closer to the former. But while we dance the charade that it may regain a listing the RNS statements it puts out beg ever odder questions, I am heading down a wormhole with the white rabbit as I try to follow what is going on in the great Worthington acid trip. Try following this for starters:
They are flooding in now. Unlike some trade shows where you see rows of stands from financial services pond life like Darren Winters and Nasdaq listed and privately held UK companies of zero interest, UK Investor has stands manned by 100+ PLCs listed on AIM in which you can invest. One of them was Rare Earth Minerals (REM) and here is the video of its presentation from 2015.
We are still to hear from Worthington (WRN) as to its intentions of becoming a global conglomerate listed on four exchanges around the world but meanwhile one of its preposterous operations already seems to be in deep merde. I refer to its claims made about GREP, a company exploring for rare earth minerals in Greenland. This is comedy and you could not make it up. Well Worthington could.
Doug Ware has talked of making Worthington (WRN) the new Hanson, an international conglomerate and a key division of this is its Mining Operation. Sadly the truth about this operation is that it is a total joke as I shall now demonstrate.
Entrepreneur Big Dave Lenigas has got into a spot of bother before for his activities on twitter. I accept that Mr Lenigas is enthusiastic about his investments but for his own sake he should get off twitter now. Pre-placing tweets about Rare Earth Minerals (REM just look wrong. And then there is the email.
I penned a piece on bulletin board favourite Rare Earth Minerals (REM) in July of this year at a share price of 1.65p and I called it to 0.5p because I reckoned the market had been overhyped on the lithium valuation. Ok, we didn't get the 70% tanking I was expecting but we did get a stonking 48% decline because the share price is now only 0.88p, proving my call was right.
The FTSE 100 is not plunging. But it will be coming off and some individual company share moves tell you an awful lot about the state of the stockmarket and I am not only talking about Quenron (QPP) which of course gets a good mention in today’s podcast.
Just over two months ago, Gary Newman (a little ambivalently) picked Solo Oil (SOLO) as his runner in the Horse Hill race. His reasoning had less to do with Horse Hill and more to do with the appraisal of the Ntorya gas condensate discovery in Tanzania, in which Solo retains 25%. As it turned out, this was another good call by Gary, albeit a reluctant one! At the start of the month, Solo announced a sizeable upgrade to the reserves at Ntorya-1 and the company’s share price hasn’t looked back. From an end of day close of 0.38p on September 3rd, this stock hit an intraday peak of 1.2p and now trades at 0.98p, last seen. This values Solo at £46.56million. Now that the company has secured a c.$8.6million funding package, the question is can Solo build on its recent fantastic gains?
Once more I find my attention diverted from Berkley Minerals (BMR) because of news from Bushveld Minerals (BMN). The wide spread on Bushveld’s share price seems to have sent Mr. Market to sleep, but that is inexcusable. The news released today is massive and if identical news was released by a company like Rare Earth Minerals (REM) then the share price would be up 30% or more. It is up 3% and this is a stonking opportunity
Yesterday was a momentous day for AIM as we saw David Lenigas depart his role at Leni Gas and Oil (LENI). Lenigas stepped aside from his eponymous company and gave way to a new number of board members. He leaves behind his legacy if only in name and maybe salaries will rise, but should we be sad or is this a great revelation?
At the weekend we asked readers which of the eight stocks where marmite figure David Lenigas runs the show is likely to gain most this week. The start price was the Friday closing mid-price. We also gave a ninth option – that the FTSE 100 would outperform the lot. And so our readers said:
David Lenigas is a Marmite figure and larger than life character on AIM. He is involved in a stack of companies so which will do best next week for its investors …and we include an option for the bears as well. Voting closes midnight on Sunday.
Rare Earth Minerals (REM) is another David Lenigas company which divides opinion. Some think that its shares are a stonking sell - see HERE - while others think they offer real value - see HERE Why not watch its CEO Kiran Morzaria in video action at the UK Investor Show and decide for yourself...
Brushing away a torrent of crazy abuse after calling sells on Afriag (AFRI) and Rare Earth Minerals (REM), I turn my attention to another Lenigas stock, Inspirit Energy (INSP). Inspirit is a technology stock that is looking to commercialise micro combined heat and power (mCHP) boiler. The boiler has been developed for a long time under the company's stewardship and the technology has come on leaps and bounds.
Early birds and arbitrageurs got the worm when Bacanora Minerals (BCN) floated on AIM on Friday 25 July, with a £4.75 million fund raising at 33p. This is little more than half its price on the Toronto Venture Exchange, where it has traded for three years, and it surged immediately to 82p, to give a stock market value of some £65 million. The company, steered by veteran entrepreneur and chairman Colin Orr-Ewing, is out to commercialise two projects in Mexico, to produce two versatile products, borate with applications ranging from fibreglass to skin cream, and lithium, for electric vehicle batteries, and insists the float price was agreed in May before excitement about the London issue sent the shares soaring in Canada.
Gosh I am bored of the Rare Earth Minerals (REM) valuation debate. How about you listen to a real expert on mining stocks explain how to value them and make up your own mind. Here is Amanda Van Dyke at the UK Investor Show 2014. She is not just a pretty face she knows her stuff.
I am not an expert so do not take this as a buy tip. If I was forced to be a bull or a bear I’d be a bull. But I certainly would not be selling this stock at 1.25p. James Parter was clearly RIGHT to say sell at 1.65p HERE, but at 1.25p?. Indeed I can see a case for having a very small flutter on Rare Earth Minerals (REM) now on a 2 week view.
On twitter, on various bulletin boards and on the comments section here on ShareProphets and elsewhere we have come under sustained attack for 24 hours – let me set the record straight. And then I can get back to dealing with the snakes, rats and bats that infest my home for the summer in Greece.
Most folks who post on Bulletin Boards are decent sensible folk but the minority (the morons) are quite deranged as a case this week involving our own Chris Oil demonstrates rather too visibly. It is truly shocking.
After yesterday’s running verbal battle concerning my sell call on Rare Earth Minerals (REM), today I feel I have to follow up with more detail why I believe this stock is a sel. I came under fire for there being a lack of detail and thought behind my original piece. Although I disagree with this, I don’t mind spelling out what I am convinced Rare Earth is a sell at 1.65p.
Today I start a new side column for ShareProphets in which I plan to go through the swathes of David Lenigas companies on AIM. Naturally David says all his companies are cheap and uses flamboyant language to capture the attention of retail punters. I have looked at Leni Gas (LGO) before so I begin by sharing my thoughts on Afriag (AFRI) and Rare Earth Minerals (REM).
If you’re looking for a share that is exciting to watch, then AIM-listed Rare Earth Minerals (REM) certainly fits the bill. This small miner with interests in Mexico, Greenland and Australia, hit the headlines last August with a meteoric rise from a low of 0.04p to a peak of nearly 2.5p in the space of just a few weeks.