REM - FY RESULTS 2014

REM  recently reported its Full Year 2014 results.

The company has not started and production yet, so there is no Revenue for the year.

The Loss widened from 0.04 pence in 2013 to 0.06 pence in 2014, resulting in an increase in Loss of 50%. The Loss was mainly due to the non-cash charge associated with share-based payments to directors, staff and consultants for 2014. It also reflected the significant increase in corporate and investment activity throughout the year.

Current Ratio is 10.4
Debt to Equity Ratio is 0.08

Corporate Activity since 2014 year end:

Sonora projects consisting of 40.78% share in El Sauz/Fleur and 15.40% share in La Venata is advancing to its fully funded Pre-Feasibility Study.

2.5 million Pounds raised via a share placing with an institutional investor (Standard Life).

The Yangibana project in Australia which REM has a 30% stake is progressing rapidly with several updates.

Western Lithium which REM has a 3.05% stake has produced its first high purity lithium from its demonstration plant.

REM acquired a 6.65% interest in the Cinovec project in the Czech Republic which has one of the largest lithium deposits in Europe.

REM is a long play,3 -5 years but t is at this current price which you will reap your rewards. I have a BUY rating n REM.

Two main developments which could support lithium price in the future is the completion of Tesla's gigafactory in US, a mere few hundred miles away from the Sonora project, and China's proposal to limit export of rare minerals.

For the uninitiated, Tesla is also developing the Powerwall which is a home battery that charges using solar power.

My disclosure: I presently do not own any REM shares, but have intention to accumulate at a later date.