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REM Rare Earth Minerals

0.51
0.00 (0.00%)
19 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Rare Earth Minerals LSE:REM London Ordinary Share GB00B067JC96 ORD 0.01P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 0.51 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 0.51 GBX

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Posted at 23/10/2017 00:32 by temmujin
err i knew that you dipstick..just think its a stupid name and they changed it so no one would remember it was originally called REM
Posted at 15/2/2017 10:11 by steeplejack
In essence,REM is an investment company.It is valued on the market rather like an investment trust in relation to its calculated net asset value.Whilst REM might not derive any income from its interests in BCN or EMH presently,the prospect of doing so is very real.Moreover,REM could realise a capital gain on its holdings if those companies were sold even before they reached revenue generating production.REM is similar to an Anglo Pacific (APF)which takes stakes in mining companies.Anglo Pacific takes stakes in companies and in return negotiates a franchise with those companies which provide an income flow which is distributed to shareholders.I presume you are saying that REM have no such franchise arrangements but it could in future and that will get factored into the share price as must the potential for capital gain on its equity holdings.
Posted at 15/2/2017 09:38 by chicken01
Questions...although REM has sizeable stakes in other companies, which I'm sure we are all aware of, how does this filter into REM's share price?. If the holdings are held, how do they generate any income for REM, except when they are sold. Just like holding any share, you've neither lost or made any money until they are sold. So the recent gains in these holding companies amount to nothing until they are sold...Of more interest to myself is when will REM start digging?, or aren't they going to?...any ideas?.
Posted at 14/2/2017 08:29 by steeplejack
REMs interest in BCN and EMH is now valued around the current market cap .All REMs other interests are in for next to nothing.You clearly couldn't get a 20% interest in EMH without paying a healthy premium and that should be reflected in the REM price.The same applies to the holding in BCN.Something doesn't add up here.
Posted at 06/2/2017 17:36 by steeplejack
REM is being treated like an out of fashion investment trust. I luckily sold REM a couple of years back and switched into BCN,wishing to concentrate on the Sonara 'prospect'.The move wasn't so clever when it came to buying BCN but it was a very fortunate time to sell REM at approaching 2p.Now,I'm tempted to switch back into REM(keeping an exposure to BCN )while adding an associate interest in EMH with its Cinovec project.The current market value of REMs equity interest in BCN and EMH is near £30.REMs current market cap is slightly shy of £40.Thus,by implication,30% of Yangibana,four exploration licences in Greenland and a 15.5% interest in Macarthur Minerals are valued by the market at just £10m.Now that strikes me as pretty mean given the excitement surrounding lithium.Arguably,REM shares should be standing at a healthy premium to asset value.They did once.What's changed?
Posted at 14/1/2017 20:30 by djfrankie2
I have to thank Rossonwheels for this post " REM will only benefit when the projects it has invested in via the shares it has bought reach the development/production stage IMO. Until then its investments will require substantial funding and therefore REM's shareholders will need to provide further funds. In the short term I would say that a private investor would see more share price growth in REM's investments " I don't consider myself stupid , thick or an idiot but some years ago I had a gut feeling that lithium was my meal ticket to an easy life.
I trolled the web looking for the next get rich stock in Lithium it APPEARED to be REM I watched them at 0.40 for weeks then they rocketed to 2p on nothing this is usually a sign of a winner I bought 13 million between 1.20 & 1.65 I reckon by the time I got out I lost 90K probably more I DO NOT HOLD but if only rossonwheels had written that earlier I would now have been into one of the major banks doubling my money or an investment property , it was so damned obvious this therfor is years from fruition and no doubt more calls for cash will never be far away I'm out , closed my trading account no stress no sleepless nights making sure I'm up for 8am just to make multi millionaires richer one thing that always worried me about REM no director purchases so there goes my inheritance money this is gambling not investing investing is Tesco . BP / GSK / BT / Vod I see EMH up again how will they ever mine it they don't have enough cash so what will happen to the share price there up on no news . Anyone who holds on I wish you all the best you deserve it...
Posted at 13/1/2017 10:26 by rossowheels
sanilav: REM will only benefit when the projects it has invested in via the shares it has bought reach the development/production stage IMO. Until then its investments will require substantial funding and therefore REM's shareholders will need to provide further funds. In the short term I would say that a private investor would see more share price growth in REM's investments.
Posted at 16/12/2016 17:31 by temmujin
BOOM!

RNS Number : 1581S

Rare Earth Minerals PLC

16 December 2016

Rare Earth Minerals Plc

("Rare Earth Minerals" or "REM")

Macarthur Minerals Update

Rare Earth Minerals Plc (AIM/ISDX: REM; OTC: REMMY)) is pleased to report that Macarthur Minerals ("Macarthur") in which REM owns a 16.56% shareholding, has announced that it is receiving renewed interest in its two iron ore projects in Western Australia. The full Macarthur announcement can be found at:

.

Macarthur Minerals Limited (TSX-V: MMS) (the "Company" or "Macarthur Minerals") is pleased to announce that the Company is receiving renewed corporate interest in its two iron ore projects in Western Australia with recovery of the iron ore price from its historic lows of US$38.30[i] (approximately A$53) a tonne in December 2015 to a spot price today to US$82 (A$111) a tonne[ii]. The Ularring Hematite Project is a "shovel ready" project as it has full State and Australian Government environmental approvals to develop an iron ore mine and associated infrastructure.

David Taplin, President, CEO and Director of Macarthur Minerals, commented:

"There is real potential for our iron ore assets to again add considerable market value in the future, with the Company having previously spent over $60 million to develop them, including the hematite project to a "shovel ready" stage. Our advanced iron ore projects for hematite and magnetite remain very valuable assets, which in 2011, gave the Company a market capitalisation of approximately C$165 million. Both iron ore projects are located within 100 kilometres of a railway line, which currently transports iron ore to export facilities at the Port of Esperance in southern Western Australia. We are now observing good indications that the price of iron ore has recovered from its 2015 low of US$38.30 per tonne to a spot price today of US$82 per tonne with the advantage of a favourable exchange rate due to deprecation of the Australian dollar against US dollar.
Posted at 02/12/2016 17:24 by rossowheels
rwauu: All they do is buy into junior miners who need capital to explore and the target company benefits from REM's interest in terms of generating cash and a higher profile which results in a higher share price for the target and a lower one for REM. Its clear that anyone buying REM today is likely to see significant future dilution to pay for operational costs and further investments which can only keep the share price down. When are we going to see some jam? I have to hand it to REM for coming up with numerous ways to obtain cash. The current loan to shares deal is great but not for the shareholders IMO.
Posted at 04/10/2016 10:25 by loganair
I´ve noticed very little was mentioned about the rejected bid for Bacanora on 30th September..if anyone is interested here is a little more about it.....

REM, which already holds a 19.8% stake, has suggested a share-based reverse takeover that values each Bacanora share at 88.5p-

Bacanora Minerals (CVE:BCN) has rejected a merger proposal from its fellow lithium explorer and shareholder Rare Earths Minerals (LON:REM).

REM, which already holds a 19.8% stake, has suggested a share-based reverse takeover that values each Bacanora share at 88.5p, but the board of the Canada-listed company says this substantially undervalues its assets and potential

Bacanora's board noted that only last week REM bought 4.5 mln shares at 100p per share in cash and added the offer would dilute near term and life of mine cash flow for non-REM shareholders.

Sonora, in Mexico, is Bacanora's main asset and considered a potentially world-class lithium deposit.

A pre-feasibility study in March indicated a net present value of US$776mln, while a more detailed bankable study is expected to be finished in the first quarter of next year.

Earlier this week, Bacanora’s plan to switch domicile to the UK was voted down by shareholders, with REM’s decision to vote against the move a key reason it failed.

Bacanora said it still considers the switch would be in the best interests of the company.

James Leahy, chairman, said: “The Proposed Offer is opportunistic and materially undervalues Sonora.

“The Bacanora team has made excellent progress in successfully de-risking and advancing Sonora, and at the same time has successfully raised capital from blue chip institutions, who are fully supportive of progress made to date and management’s ability to deliver Sonora as the world’s next major lithium mine.

“In our view, as well as undervaluing the Company, the Proposed Offer has the potential to impede the project’s development going forward.”

Rare Earth seem to be caught on the hop a little by Bacanora’s decision to make its approach public knowledge and only confirmed its move on Friday afternoon though a holding statement.
Rare Earth Minerals share price data is direct from the London Stock Exchange

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