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 Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 0.51p 0.00p 0.00p - - - 0 05:00:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -3.3 -0.1 - 39.67

Rare Earth Minerals (REM) Latest News

Rare Earth Minerals News

Date Time Source Headline
27/3/201713:30PRNUSRare Earth Minerals Plc webcast presentation now available for on-demand..
More Rare Earth Minerals News
Rare Earth Minerals Takeover Rumours

Rare Earth Minerals (REM) Share Charts

1 Year Rare Earth Minerals Chart

1 Year Rare Earth Minerals Chart

1 Month Rare Earth Minerals Chart

1 Month Rare Earth Minerals Chart

Intraday Rare Earth Minerals Chart

Intraday Rare Earth Minerals Chart

Rare Earth Minerals (REM) Discussions and Chat

Rare Earth Minerals (REM) Most Recent Trades

No Trades
Trade Time Trade Price Trade Size Trade Value Trade Type
View all Rare Earth Minerals trades in real-time

Rare Earth Minerals (REM) Top Chat Posts

DateSubject
15/2/2017
10:11
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.
15/2/2017
09:38
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?.
02/12/2016
17:24
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.
04/8/2016
10:59
loganair: In the last 5 years, 3 times REM share price has gone above 1p and each time fallen back to below 1/2p. I can see of no good reason why this will not happen this time round.
01/8/2016
11:52
nickg2: Typical REM share price movement. Rushes up, people buy, slowly drifts back down, people stuck holding. Placing to follow.
05/5/2016
14:30
fqr714bhp: Noirua: it is a big shame it does not reflect REM share price. When will this be back over 1p?????????
11/1/2016
13:04
cautoussid: good to see so many posting on rem , like to see this interest at share ,especially when good news is released at a share as seen in the past how fast rem share price has moved up , makes it more risky for shorters ,also if shorters look how tedt energy has moved up today ,hoping may not be to long until rem has news that may see this share price move up , I would not be willing to risk shorting rem ,each to their own investing decisions
20/11/2015
08:50
datait: djfrankie2 20 Nov'15 - 00:55 - 27367 of 27390 1 0 FROM WINNIFRETHS SHARE PROPHETS 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%. The relationship between big Dave's Rare Earth Minerals and dual-listed Bacanora Minerals (BCN) has always been close. Bacanora and the Sonora lithium play is the biggest component of the REM portfolio and thus it's NAV. In return, Rare Earth continues to support the Bacanora share price by buying more shares on any Bacanora weakness. This is does by raising cash from what it euphemistically calls "investing activities" in the Interims but in reality have been share placings (£2.5 million to Standard Life, an equity swap (i.e. drawn out placing) with Yorkville In the H1 2015 interims Rare declared net assets of £21.79 million. Of this amount £12.74 million represented the market value of its investments at the period end (i.e. the value of the shares in traded stocks like Bacanora and Western Lithium). The rest is a valuation of the JVs (direct interests) in Sonora and Yangibana. £22 million assets by its own valuation compares with a market cap of £54.5 million at 0.8p that is a 150% premium to NAV. Ouch. Double ouch. Even if Big Dave was a plus factor and after recent events that has to be in some doubt, his presence does not justify £32.5 million of hot air in the price. Bacanora has a Market Cap of around £65 million, which is pretty rich for an explorer that is still at an early stage (PFS or earlier) for its assets. That compares with a raft of AIM explorers sitting on $billion NPV assets and M Caps of fractions of that. One can argue that the size of its deposit justifies that valuation but it is hard to say that its shares are compellingly cheap. So it is here that the stock promotion skills of the fat Aussie share ramper Dave Lenigas come into play – he talks up the Rare Earth share price, raises money, and then uses Rare cash to buy Bacanora shares which in turn allows him to declare an increased asset value on the Rare books. It's all very cozy. Now let’s turn to the cash - or lack of it. Rare has several sources of cash, one of which is a $10 million debt facility with YAGM that expires in June 2016. $5 million has been drawn down already which will need repaying (together with the 10% coupon) in eight months. According to the last interims there was – at June 30 - £1.65 million in cash and £2.2 million due from the YAGM equity swap. However, in an RNS of Oct 2nd Rare revealed that the swap arrangement had been terminated, with only £1.25m paid. Depending which figure you believe that puts the company on between £2.9 million or £5 million in cash to start H2 2015. What then has been the outflow in H2 2015? Well looking at the interims (and remembering this is DL's flagship operation, so he and the Board get substantial salaries) it seems there is a six-month cash burn of c £1 million for 'administrative expenses'. What else has happened since end of June? Well there's been plenty of equity purchases. Rare already had a 6.65% holding in European Metals (costing £200,000) and then increased this in H2 (1 July RNS) to 9.61%. The purchase price isn't given but based on the earlier placing let's say this is around £100,000. On 2 September 2015, the Company announced that it had increased its shareholding in Bacanora Minerals Ltd to 16.8%, through on market purchases totaling £324,530. On 17 September 2015, the Company announced that it had increased its shareholding in Bacanora Minerals Ltd to 17.02%, through on market purchases totaling £181,405 On 15th Oct REM announced an additional 2.07% holding in European Metals, costing £170,640. Finally, on 16th November REM announced that it had subscribed for £1.52 million worth of new BCN shares. To add all those up: EM £100,000 (est) EM £170,640 BCN £324,530 BCN £181,405 BCN £1.52 million Total share purchases disclosed in H2 2015 so far: £2.3m Now assuming that there hasn't been a sudden attack of corporate conscience and that the administrative expenses (lol) are still running at £1 million per six months that gives a minimal H2 expenditure of around £3.3m. This compares with the estimated cash balance at the start of H2 of £2.9m or £5m (depending how you read the somewhat opaque and murky RNSes). Even in the more charitable model this would see Rare entering 2016 with between minus £400,000 and plus £1.7 million in the bank And let's not forget: "At the period end the Company had approximately £5.48 million of its US$ 10 million debt facility with YAGM available for drawn down, the individual drawdowns are subject to approval by YAGM. This facility will expire in June 2016." There is $5 million due to be repaid (plus a 10% coupon) – possibly by as soon as the end of June 2016. There are other birds coming home to roost in the near future soon. Rare has a 30% free carry until the start of the BFS for one part of the Yangibana Rare Earth asset co-owned with Hastings. HAS are moving the project forward swiftly and it won't be that long before the BFS will start – and Rare will be faced with a cash call. It could consider selling the asset to Hastings, although this may not be the easiest of transactions to negotiate since Hastings is the only potential buyer in town. At best, Rare might be able to exit that position pre-BFS with £1-2m proceeds (based on this being 30% of part of Yangibana which is one of two Hastings projects, and Hastings having a Market Cap of c £25 million). The other flock coming home to roost is the likelihood of a cash call from Bacanora. Rare has a 30% stake in Megalit and Mexilit projects, held by co-owned JV companies. Now that the initial earn-in has taken place, exploration and development costs are split proportionately between Rare and Bacanora. If Rare wants these two assets to be developed further then it will be facing cash calls – and bear in mind that Bacanora has just had a £8.8 million fundraising which together with its existing cash pile (cC$10 million at end of H1 2015) means it has loads of cash at the bank. Rare, in contrast, is running on vapours. Rare thus faces big headwinds moving into 2016. It has its $5 million plus interest debt to repay to YAGM by June (call that £3.3 million). It faces a cash call from Hastings or will have to sell the Yangibana asset. Meanwhile the two JVs with BCN will be wanting their 30% pounds of flesh to progress those. There are several ways out of this in the short term. Relinquishing the Yangibana asset could generate a couple of million quid and pay off two thirds of the YAGM debt. But this does leave the issue of how Rare will contribute its part of the Sonora JVs let alone keep the PLC lights on after June. And here is the sting in the tail. Rare has a 30% stake in Megalit and Mexilit, but has a zero JV stake in La Ventana – this being the initial deposit developed by Bacanora. This is large and 100% owned by Bacanora (and thus Rare's interest is solely via it equity stake in BCN). La Ventana is far more advanced that Megalit/Mexilit (it has had a PFS for quite a while now) and its entirely possible that Bacanora might choose to develop its 100% owned – and most interesting - asset first, and leave the two JV assets for somewhere later down the line. Indeed, if Rare is struggling to fund its part of the JVs the simplest solution is for Bacanora to put those assets largely on hold, and instead focus on the La Ventana asset. The bear case for REM is that it will need to start liquidating assets in order to repay its borrowings, and there will be little progress in its two JV assets due to its inability to make substantial contributions to their development. Meanwhile Bacanora can focus on its 100% owned La Ventana asset. But even here Bacanora may struggle; the Share price of Bacanora has remained solid in 2015 but only because REM has stepped in to buy shares at any hint of weakness. As the Rare cash pile is now largely exhausted, this will remove a key support for the Bacanora share price going into 2016. I stress that Bacanora may be able to get its own shares moving if it can explain the case for La Ventana but without the constant support of share buying by Rare it is going to have to work jolly hard. Rare Earth Minerals shares have traded for a long time at a premium to its assets – a "Lenigas" premium. How long that premium will hold now that revulsion against Big Dave seems to increase on a daily basis is any one's guess. However a £55 million Market Cap for a company with £22 million of assets and several potential big bills just round the corner, one that is going to start 2016 with only enough cash to pay the admin costs for nine months at best ( and ignoring debt repayments), is hardly sounding like a deep value play. Dave Lenigas has said "no dilution for REM". That may well be true (at least over the short period). It is possible that an asset sale (in particular Yangibana) could kick the can down the road a little further, and YAGM might allow the debt to roll over for another year even if further drawdowns aren't allowed. But given the track record of Jabba the Hutt and confetti, one wouldn't bank on it. How would I value Rare? The market value of the assets is £12 million, with another estimated £10 million for illiquid JV stakes. One would often expect an investing company to trade at a discount to NAV especially when part of the p/f is illiquid unlisted assets such as JVs (especially when those JV assets come with potential cash calls). Let's be generous and give a discounted valuation to the assets of £15 million, and then take off £3.3 million for the debt & interest outstanding. £12.7 million adjusted assets, which equates to a share price of just under 0.2p (compared to a mid of 0.8p at the moment). - See more at: hxxp://www.shareprophets.com/views/16642/the-bear-case-on-rare-earth-minerals-where-s-the-cash-coming-from-david-lenigas#sthash.8rm6AZcB.dpuf
20/11/2015
00:55
djfrankie2: FROM WINNIFRETHS SHARE PROPHETS 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%. The relationship between big Dave's Rare Earth Minerals and dual-listed Bacanora Minerals (BCN) has always been close. Bacanora and the Sonora lithium play is the biggest component of the REM portfolio and thus it's NAV. In return, Rare Earth continues to support the Bacanora share price by buying more shares on any Bacanora weakness. This is does by raising cash from what it euphemistically calls "investing activities" in the Interims but in reality have been share placings (£2.5 million to Standard Life, an equity swap (i.e. drawn out placing) with Yorkville In the H1 2015 interims Rare declared net assets of £21.79 million. Of this amount £12.74 million represented the market value of its investments at the period end (i.e. the value of the shares in traded stocks like Bacanora and Western Lithium). The rest is a valuation of the JVs (direct interests) in Sonora and Yangibana. £22 million assets by its own valuation compares with a market cap of £54.5 million at 0.8p that is a 150% premium to NAV. Ouch. Double ouch. Even if Big Dave was a plus factor and after recent events that has to be in some doubt, his presence does not justify £32.5 million of hot air in the price. Bacanora has a Market Cap of around £65 million, which is pretty rich for an explorer that is still at an early stage (PFS or earlier) for its assets. That compares with a raft of AIM explorers sitting on $billion NPV assets and M Caps of fractions of that. One can argue that the size of its deposit justifies that valuation but it is hard to say that its shares are compellingly cheap. So it is here that the stock promotion skills of the fat Aussie share ramper Dave Lenigas come into play – he talks up the Rare Earth share price, raises money, and then uses Rare cash to buy Bacanora shares which in turn allows him to declare an increased asset value on the Rare books. It's all very cozy. Now let’s turn to the cash - or lack of it. Rare has several sources of cash, one of which is a $10 million debt facility with YAGM that expires in June 2016. $5 million has been drawn down already which will need repaying (together with the 10% coupon) in eight months. According to the last interims there was – at June 30 - £1.65 million in cash and £2.2 million due from the YAGM equity swap. However, in an RNS of Oct 2nd Rare revealed that the swap arrangement had been terminated, with only £1.25m paid. Depending which figure you believe that puts the company on between £2.9 million or £5 million in cash to start H2 2015. What then has been the outflow in H2 2015? Well looking at the interims (and remembering this is DL's flagship operation, so he and the Board get substantial salaries) it seems there is a six-month cash burn of c £1 million for 'administrative expenses'. What else has happened since end of June? Well there's been plenty of equity purchases. Rare already had a 6.65% holding in European Metals (costing £200,000) and then increased this in H2 (1 July RNS) to 9.61%. The purchase price isn't given but based on the earlier placing let's say this is around £100,000. On 2 September 2015, the Company announced that it had increased its shareholding in Bacanora Minerals Ltd to 16.8%, through on market purchases totaling £324,530. On 17 September 2015, the Company announced that it had increased its shareholding in Bacanora Minerals Ltd to 17.02%, through on market purchases totaling £181,405 On 15th Oct REM announced an additional 2.07% holding in European Metals, costing £170,640. Finally, on 16th November REM announced that it had subscribed for £1.52 million worth of new BCN shares. To add all those up: EM £100,000 (est) EM £170,640 BCN £324,530 BCN £181,405 BCN £1.52 million Total share purchases disclosed in H2 2015 so far: £2.3m Now assuming that there hasn't been a sudden attack of corporate conscience and that the administrative expenses (lol) are still running at £1 million per six months that gives a minimal H2 expenditure of around £3.3m. This compares with the estimated cash balance at the start of H2 of £2.9m or £5m (depending how you read the somewhat opaque and murky RNSes). Even in the more charitable model this would see Rare entering 2016 with between minus £400,000 and plus £1.7 million in the bank And let's not forget: "At the period end the Company had approximately £5.48 million of its US$ 10 million debt facility with YAGM available for drawn down, the individual drawdowns are subject to approval by YAGM. This facility will expire in June 2016." There is $5 million due to be repaid (plus a 10% coupon) – possibly by as soon as the end of June 2016. There are other birds coming home to roost in the near future soon. Rare has a 30% free carry until the start of the BFS for one part of the Yangibana Rare Earth asset co-owned with Hastings. HAS are moving the project forward swiftly and it won't be that long before the BFS will start – and Rare will be faced with a cash call. It could consider selling the asset to Hastings, although this may not be the easiest of transactions to negotiate since Hastings is the only potential buyer in town. At best, Rare might be able to exit that position pre-BFS with £1-2m proceeds (based on this being 30% of part of Yangibana which is one of two Hastings projects, and Hastings having a Market Cap of c £25 million). The other flock coming home to roost is the likelihood of a cash call from Bacanora. Rare has a 30% stake in Megalit and Mexilit projects, held by co-owned JV companies. Now that the initial earn-in has taken place, exploration and development costs are split proportionately between Rare and Bacanora. If Rare wants these two assets to be developed further then it will be facing cash calls – and bear in mind that Bacanora has just had a £8.8 million fundraising which together with its existing cash pile (cC$10 million at end of H1 2015) means it has loads of cash at the bank. Rare, in contrast, is running on vapours. Rare thus faces big headwinds moving into 2016. It has its $5 million plus interest debt to repay to YAGM by June (call that £3.3 million). It faces a cash call from Hastings or will have to sell the Yangibana asset. Meanwhile the two JVs with BCN will be wanting their 30% pounds of flesh to progress those. There are several ways out of this in the short term. Relinquishing the Yangibana asset could generate a couple of million quid and pay off two thirds of the YAGM debt. But this does leave the issue of how Rare will contribute its part of the Sonora JVs let alone keep the PLC lights on after June. And here is the sting in the tail. Rare has a 30% stake in Megalit and Mexilit, but has a zero JV stake in La Ventana – this being the initial deposit developed by Bacanora. This is large and 100% owned by Bacanora (and thus Rare's interest is solely via it equity stake in BCN). La Ventana is far more advanced that Megalit/Mexilit (it has had a PFS for quite a while now) and its entirely possible that Bacanora might choose to develop its 100% owned – and most interesting - asset first, and leave the two JV assets for somewhere later down the line. Indeed, if Rare is struggling to fund its part of the JVs the simplest solution is for Bacanora to put those assets largely on hold, and instead focus on the La Ventana asset. The bear case for REM is that it will need to start liquidating assets in order to repay its borrowings, and there will be little progress in its two JV assets due to its inability to make substantial contributions to their development. Meanwhile Bacanora can focus on its 100% owned La Ventana asset. But even here Bacanora may struggle; the Share price of Bacanora has remained solid in 2015 but only because REM has stepped in to buy shares at any hint of weakness. As the Rare cash pile is now largely exhausted, this will remove a key support for the Bacanora share price going into 2016. I stress that Bacanora may be able to get its own shares moving if it can explain the case for La Ventana but without the constant support of share buying by Rare it is going to have to work jolly hard. Rare Earth Minerals shares have traded for a long time at a premium to its assets – a "Lenigas" premium. How long that premium will hold now that revulsion against Big Dave seems to increase on a daily basis is any one's guess. However a £55 million Market Cap for a company with £22 million of assets and several potential big bills just round the corner, one that is going to start 2016 with only enough cash to pay the admin costs for nine months at best ( and ignoring debt repayments), is hardly sounding like a deep value play. Dave Lenigas has said "no dilution for REM". That may well be true (at least over the short period). It is possible that an asset sale (in particular Yangibana) could kick the can down the road a little further, and YAGM might allow the debt to roll over for another year even if further drawdowns aren't allowed. But given the track record of Jabba the Hutt and confetti, one wouldn't bank on it. How would I value Rare? The market value of the assets is £12 million, with another estimated £10 million for illiquid JV stakes. One would often expect an investing company to trade at a discount to NAV especially when part of the p/f is illiquid unlisted assets such as JVs (especially when those JV assets come with potential cash calls). Let's be generous and give a discounted valuation to the assets of £15 million, and then take off £3.3 million for the debt & interest outstanding. £12.7 million adjusted assets, which equates to a share price of just under 0.2p (compared to a mid of 0.8p at the moment). - See more at: hxxp://www.shareprophets.com/views/16642/the-bear-case-on-rare-earth-minerals-where-s-the-cash-coming-from-david-lenigas#sthash.8rm6AZcB.dpuf
21/10/2015
16:34
sorksandnorks: Although the REM share price is in a decline at the moment, in the past 3 months it has fallen to 0.87p twice and bounced back sharply above 1.0p on both occasions. The fundamentals have not changed and the outlook is improving so there is no reason why it will not do the same this time. Tesla may be having teething troubles with their luxury cars but they are not the only ones who need Lithium. This seems to be an ideal buying opportunity IMHO.
Rare Earth Minerals share price data is direct from the London Stock Exchange
Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P:34 V: D:20170526 16:50:46