Kemin Resources Share Discussion Threads

[shareho1der] 01/10/2018 20:42

Strand Hanson Ltd on 7 August 2018 resigned from Weatherly International. No reason was given. Sound very familiar.

[shareho1der] 01/10/2018 19:49

Jimmy. Thank you for your reply. What will be will be. I will still sleep well and enjoy my life whatever may happen.

[jimmyloser] 01/10/2018 19:15

Shareho1der,
I actually believed that all was lost at 7am on Friday morning but the unfolding of events immediately afterwards leaves me puzzled.
For my sins I am I believe the holder of a sizable holding in Kemin and I actually had high hopes particularly once they announced Lithium in the mix.
NOMADS are of course very strictly regulated and it may be that Kemin just did not play by the strict rules of AIM despite numerous prompts from S.H. to do so.
Whilst this may smack of me being too positive, I read the events here as Kemin very much needing the AIM market for the fund raising that they have painstakingly flagged up and that it was no coincidence that the company secretary was out of the blocks to stress that it was only a ‘temporary de-listing’ and then within an hour or two the overdue financials came out containing the words that the results from China Molybdenum were due in the “NEAR TERM”!
Whilst in the back of my head I have written this off, I remain hopeful that the next ten days will see a new NOMAD and a major upbeat statement from the company stating that the results were considerably better than they had previously indicated....that last line helps me sleep! And also that C.M. were now fully on board and it was all stations go.
We all need to be mindful that this is AIM and that Kemin are many miles away. They do need to be much more pro-active in keeping by the rules and of ensuring that shareholders are kept up to date.
My dream would be that fences are mended with S.H. and they are re-appointed, but Hey Ho!, we can all dream

Sorry for the long winded reply..............it may of course just melt away and all money is lost but I don’t think so.

This is very much impo/dyor

[shareho1der] 01/10/2018 16:11

I have just seen this now. Why would Adviser resign on the day of a positive Financial report, which show the Company is at least doing something.Has anyone seen Nomad resigning without notice before? Why is the Company not informing us what is happening? This is all strange to me. Could anyone offer explanation or have we all lost our investment here.

[d6529] 29/9/2018 20:06

jimmy,


This looks dire, NOMAD's often resign with notice, without it is a very very bad sign in my honest opinion.


good luck to everyone.

[jimmyloser] 28/9/2018 12:28

This is now becoming clearer to me at least...stung into action it seems.

Do companies ever reappoint a Nomad?

[jimmyloser] 28/9/2018 11:16

I didn't expect that from the company!

They do need to engage with shareholders more and let us have more clarity going forward. That is if there is a forward. Fingers crossed.

Lots of carrot dangling here!

[jimmyloser] 28/9/2018 08:07

NOMADs – brokers or investment banks – are responsible for advising and guiding companies on both their admission to AIM and their continuing responsibilities once on the market. Under AIM rules, companies are forced to leave the market if their NOMAD resigns and they are unable to secure a replacement.

The London Stock Exchange can levy significant fines against NOMADs if they or the companies they advise break any of AIM’s rules. This places significant responsibility on NOMADs to regulate the activities of businesses they advise, some of which may be relatively small or young businesses, or based in emerging markets.

In December 2016, an unnamed NOMAD was fined £75,000 for failing to ensure their AIM listed client was compliant. This risk, combined with the limited fees available to NOMADs, has reduced the number of NOMADs available to act for AIM companies.

Significant shareholder value is destroyed when an AIM company is forced to leave the market due to the resignation of their NOMAD, as its shares usually slump in value when they are delisted. Investor sentiment towards AIM as a whole is impacted by higher numbers of delistings.

[jimmyloser] 28/9/2018 07:22

Not what you want to wake up to!

[sideshowbull] 28/9/2018 07:12

OH F#&K that is never a good sign.

[jimmyloser] 29/8/2018 18:18

Thank you. Sit tight.

[jimmyloser] 27/8/2018 09:43

4th June 2018
-- The extension to the Drozhilovskoye licence and associated work programmes is with the Kazakh authorities, and is in the final administrative stages of sign off. Final sign is expected in Q2 2018, and the licence extension will run for (TWO) 2 years from the date of signing.

This plant visited is owned by China Molybdenum, which is the largest molybdenum mining company in China. During the meeting, China Molybdenum showed interest in the Drozhilovskoye field and discussions were held in relation to a possible joint development of the field. These initial discussions centered on development via open pit mining, and situation of the production complex close to good rail links and power supplies. This, together with the presence of lithium, and other minerals, indicated from the test drilling conducted, makes the development of the field attractive to a partner, and further discussions are planned to take place.

Summary - The Company is in advanced talks with interested parties who have been encouraged by the recent drill results. The expectation is that an agreement will be reached to progress the development of the sites, with the aim to move towards production in the near future initially on a pilot plant basis.


3rd August – 2018
Confirmation of Licence Extension
Kemin (AIM: KEM), a molybdenum and tungsten exploration and development company with substantial interests in Kazakhstan, is pleased to announce that it has received confirmation today from the Kazakh Committee of Geology and Subsoil Use that it has registered the extension to the Company's Drozhilovskoye licence (Licence No. 1606) in Kazakhstan. This follows the recent signing of the extension to the licence between the Kazakh Ministry of Investments and Developments and JV KRMC LLP, the Company's 90 per cent. owned subsidiary.
The licence has been extended until 27 June 2021. –
If that is the case and as this in the mine that China Moly are very interested in due to the significant and encouraging test drilling results then we have an extension for THREE YEARS and not 2 years as stated on June 4th.

This to me is of material interest – DYOR/IMPO

[jimmyloser] 06/8/2018 14:43

More patience but one gets the feel that they are now seriously ready to move.

impo/dyor

[euclid5] 06/8/2018 14:27

Yes they are a pretty huge company to say the least - will have legs once CPR produced

[jimmyloser] 06/8/2018 14:25

• In Q1 2018, the Company supplied samples to China Molybdenum which is one of the largest Molybdenum mining Companies in China for analytical testing to determine the grade and production techniques, with a view subject to sourcing additional funding, to developing a pilot plant and potentially negotiating offtake agreements in the future;

China Molybdenum Co.

World’s second-biggest cobalt miner after Glencore Plc
Produced 16,800 metric tons of mined cobalt in 2017*
Listed in Shanghai and Hong Kong; market capitalization of $29.7 billion
Based in Luoyang, Henan province


Ignore the company name. China Moly became a major force in battery metal in 2016 after buying control of the cobalt-rich Tenke Fungurume mine in the Democratic Republic of Congo. That purchase — one of China’s biggest mining deals this decade — made this little-known specialist in the steelmaking ingredient molybdenum into a big copper-cobalt bet. China Moly’s high profile was confirmed this month when Chairman Li Chaochun joined mining bosses including Glencore’s Ivan Glasenberg at a tax showdown in DRC with President Joseph Kabila.

[euclid5] 06/8/2018 14:16

"In the future as funds are required in order to move to the next stage of development it is the Company's aim is to fix interest rates, where possible, with the preferred option being to raise funds via equity. As stated the Company has sufficient working capital facilities at present to meet its current cash flow requirements"

[jimmyloser] 05/8/2018 17:31

Do not under estimate the involvement of China Moly.



There can only be one reason that they are on the scene....

Lithium and a lot of it.

impo/dyor

Less than 3p - incredible.

[jimmyloser] 03/8/2018 14:04

The RNS that will send this on its way is the one that outlines the scale of China Moly's involvement.
Patience - patience and more patience!!!

[shareho1der] 03/8/2018 13:55

License extension

[jimmyloser] 02/8/2018 21:51

Hello,
Sufficient to bring China Moly on board.I am 100% certain that this will soar THIS YEAR?
The next RNS
impo..dyor

[euclid5] 02/8/2018 20:33

Hello JimmyL, how much lithium does KEM hold in reserves, that's an unknown for now?

[jimmyloser] 23/7/2018 08:20

Lithium continues to climb in price and is now £12,000 per metric tonne.

I suspect when the next RNS comes out here it wont be just about official confirmation on the Drozhilovskoye licence !!!!


dyor/impo