Pensana Plc Share Chat (PRE)

Two Price Monitoring Extensions today and another -4.2% drop in the SP.
So are we seeing 'capitulation' here - PI's finally giving up the will to hold on any longer with PRE and getting out after too long in FUD free-fall?
Doubt it - tiny trading volume today, vast majority of sells are AT trades, very few O sells. Most buys are O trades. Now where have I seen this before....yawn....

Last I heard the date was still tbc for Saltend, potentially mid July though

What happened to the promised ground breaking at Saltend? Perhaps PRE can't afford the shovel!
Amazing how some folks fail to notice the falling SP and the ongoing failure to execute and deliver. Instead, they blame others thereby making this BB toxic like they are by nature. Like I said, come March 2023 we will be no further along except for the SP which would have dug a hole to China by then.

Spot on Sundrum, Another problem is that even when we can identify the Chicom trolls, there is a second population of Day traders and Shorter's who have similar aims (to a point) and who are quite happy to collaborate with those who are trying to "Kill off" this emerging industry. This cross pollination of "Long term goals" goes as far as Companies already in Production, actively seeking to obstruct the development of Competition.

It is not hard to imagine how hard the Chinese are laughing when they hear that DoD has identified a Chicom attack on Lynas ! Talk about getting suckered into a false flag scam !! Anybody who follows the BB's knows that here is a prolific poster on HC for the last ten years, constantly singing the praises of LYC while religiously dumping on every other Western RE company.. More often than not these posts closely follow similar comment from the Rare Earth Observer ~ that Singaporean based subsidiary of a SOE backed RE trading house.

So if the DoD is adamant about ferreting out Chinese sponsored FUD, they should start by taking a much closer look at their own partner; Xi must be rolling around the floor !

https://cleantechnica.com/2022/06/30/a-tricky-cyber-war-against-clean-energy-part-2/
Another take. Given the downrampers on here haven't managed to correctly predict a single outcome and refuse to outline their motivation for posting their lies and negativity you have to assume they are employed by the Chinese state #trythemforhightreason

Amin - you can hardly call it ‘down the hill’ considering daily volumes are a fraction of what most of us are holding.. start the worrying once volume is actually Meaningful.. anyone with a decent holding could for example sell 100k of shares and probably drop the price by 20p if They wanted to drain the bath..

https://www.mandiant.com/resources/dragonbridge-targets-rare-earths-mining-companies

Funny you should identify Chicom and Lynas; while you are being truthful for a change, you should include those serial FUD merchants Ausheads and REO; Or are they too close to home ? Actually you Short sellers are not that bad, it is the Quislings that **** me off ~ ie those who initially claim to be Investors but then spend an undue amount of time undermining Sentiment like that Scottishengineer and Eloro.

It goes without saying that Pensana will be firmly in the sights of the Chinese state disinformation machine. The only question is, how many of the downrampers are employed by them?

FT article
A pro-Chinese government group has impersonated environmental campaigners on social media platforms in an effort to undermine rare earths producers in the US and Canada, according to a cyber security consultancy.
Mandiant said the group behind the attacks, known as Dragonbridge, had used fake Facebook and Twitter accounts to claim a US government-funded rare earths refinery in Texas being built by Australian group Lynas Rare Earths would “expose the area to irreversible environmental damage” and “radioactive contamination”.
Mandiant described Dragonbridge as a “pro-People’s Republic of China (PRC) network” but did not identify it in more detail. The Australian Strategic Policy Institute think-tank corroborated Mandiant’s report to the Financial Times.
The US and its allies in Europe and Asia are working to build supply chains that bypass China for critical minerals such as lithium, rare earths and cobalt, which are vital to renewable energy technology, electric vehicles and high-tech military equipment.
China dominates the processing of these minerals, which has raised concerns in the US as diplomatic and trade relations with Beijing have deteriorated in recent years.
Mandiant’s findings were corroborated by Albert Zhang, a cyber policy expert at think-tank the ASPI who has been following Dragonbridge since 2019. “This is the first time this persistent Chinese Communist party-backed network?.?.?.?has targeted a commercial entity for strategic purposes,” he wrote in a report published on Wednesday. Zhang said that the information operations were “one part of a broader co-ordinated effort to undermine democratic attempts to reduce dependence on Chinese rare earths exports”. Dragonbridge first came to Mandiant’s attention in 2019 with social media campaigns on Facebook, Twitter and YouTube opposing anti-government protests in Hong Kong. The group has since branched out into a range of areas including the Covid-19 pandemic and US politics. “Recently, we identified and investigated a subset of information operations activity we attribute to the Dragonbridge campaign across social media,” Mandiant said in a blog post.
The cyber security firm said it had also monitored campaigns against rare earths companies Appia Rare Earths & Uranium Corp and USA Rare Earth, and against US president Joe Biden’s Defense Production Act, a Korean war-era law under which Washington is aiming to increase domestic production of critical minerals.
Mandiant said the campaigns had used “inauthentic social media and forum accounts, including those posing as residents in Texas to feign concern over environmental and health issues surrounding the plant”.
One Facebook post, purporting to be from someone named Cox Teri but which Mandiant claimed was created by Dragonbridge, read: “My friends and I have been resisting the construction of a rare earth processing plant in Texas by Lynas. If nothing is done, Lynas’ waste discharge will directly or indirectly affect

So Vicky, anxious not to disturb the directors, who are putting the finishing touches to the bond financing and the 45p placement, takes an executive decision. Money is tight because a lot of the proceeds of the placements got wasted on digging up East Yorkshire, so Vicky goes and buys a shovel from Aldi. She sends Baroness Hangover out to Luanda to dig a hole and cut a ribbon with the mayor and witch doctor of Longonjo and what happens, the damn shovel breaks. Digging holes is obviously not the board’s forte. Then news gets out and the share price tanks. What a day! Personally I blame the Chicoms and Lynas, clearly they were behind this!

back down the hill she goes

Any idea on what placement price will be for PRE?

Nothing like stating the obvious to get on-side ! IMO Lynas were in cahoots running the FUD to discourage competition, that is up until they started talking to the Yanks, I would not mind betting that Ausheads (HC), Hamilton, and at least one or two of the serial pests receive their orders from those Chicom apologists at REO.

Where are you allergenics Theo, Dumbo China or you hip pocket ?

Depends when people bought in Amin?
20% in two days is not too shabby.

Amin - one comment doth not a party make.

down 50% from placement last year and now its up 20% in 2 days and people having a party....ridiculous

Hi, been an incredible couple of days ... I know they are breaking ground in Angola but anyone know any other reasons why we've had two days of such huge SP rise ? Thanks

https://www.zdnet.com/article/dragonbridge-hackers-target-rare-earth-miners-encourages-protests-to-disrupt-production/

I think most genuine investors share their information elsewhere these days. It is a pity but because there are zero controls on who posts on here and what they post it has driven quite a lot of people away. We reached a genuine low point in the last couple of months with one character and people simply don't want to be associated with him.

Thought after two decent days of rises in the SP, this board would be a hive of activity and input, alas no, interesting, is the work of some posters complete?

Good to see the confidence return to the SP on the back of rising Rare Earth prices- onward and upward!

Should be the Ground Breaking Ceremony today at Longongo. I wonder who is attending?

Really kicking myself for not buying in the 50's. Oh well, hopefully up we go

More likely that recent tanking global rare earths/strategic metals prices caused the SP dip/recovery. Global RE/strategic metal prices have been in free fall since June 8th (as has PRE) but now on the rebound in last day or two.
Go here: https://www.mvis-indices.com/charting and have a look at the MVIS Index for Global Rare Earths/Strategic Metals Price index and compare that to PRE chart for the last couple of weeks.

I presume g7 meeting and 600bn helping the price to move today?