Pensana Plc Share Chat (PRE)

I am not sure if Dumbo, Charles and Theorist are not all the same person, they certainly keep asking the same questions over and over again and they never acknowledge any answers; Typical FUD tactics designed to instil Fear and doubt to destroy sentiment !

What part of leaving the relatively low levels (700ppm is not high) of Radionuclides in the ground at Longonjo do they not understand, Thorium and Uranium are naturally occurring elements, they are everywhere, every mine in the World has some it is pervasive throughout the Universe, Coal mines have lots, and the people in Scotland build their houses with Granite containing the stuff. Thorium is not a problem unless kept in a concentrated form, even then it is easily managed ~ the USA have 5,000t of pure Thorium stored in a dump covered with just a few metres of soil ! I have no idea what his 250,000 years is in reference to, but if he is suggesting that that is how long it takes to decay then he is demonstrating his ignorance yet again ~ The half life of Thorium is actually older than the Universe ie 14 BILLION years.

Longonjo will most certainly be a mine, it is an economically proven Resource containing a commodity that the Western World has declared critical to our continued economic and environmental development. Transport Infrastructure is already in place and Ancillary Services are commencing to be installed as I write. The host Country Angola is well and truly behind Pensana developing the Mine and is even supporting the Company Financially, as is the UK Government, Even if China were to give NdPr away, the mine will still go ahead because the West has seen that China can no longer be trusted; even if China could be relied on, their RE products will never meet ESG Standards !

So Dumbo, whoever you are ~ You are wasting your time trying to destroy anybody here's confidence/sentiment. If you can't afford the Anti to buy into PRE then stick with your penny dreadful RBW's or tell your Chinese Master that they are way too late to save their Monopoly. Pensana, Peak, Arafura + a few others are all going to be in production within the next 2-5 years.

Theorist and Dumbpunter, posts a minute apart, same forum different threads, both only ever posted about Pensana. Same person, one agenda, bore off. Anybody who listens to your rubbish deserves to lose their money. Looking forward to you both disappearing as quickly as you appeared.. :)

You boys really are earning that overtime aren’t you.. It’s getting a little bit desperate now.

It's brilliant. China has found a way for Pensana to access raw material from Longonjo without a mine. They won't even need their miracle cure for the radioactive stuff . Magnets coming soon. Share price to soar to levels not even dreamt of. Splash your life savings here. Anyone in denial to be jailed or executed! Nobody needs to buy a comic, just join the share chat!

Lack of BFS or DFS. Self described lack of money or experience. Failure to report previously reported high Thorium levels.
Lack of any method ever discovered to economicaly stop radiation, except sending it forward in time 250,000 years.

How's it going in Burundi Dumb? I hear their sovereign wealth fund is about to buy into Rainbow? Actually that can't be right they do not even have a sovereign wealth fund:))

Providing evidence.....fantastic point, can you please provide some evidence regarding all your comments on Pensana, Dumbpunter?

Could you provide some evidence for your fantastical comments?
BwanaMakubwa: most projects solve the radioactivity issue by choosing a resource that isn't radioactive in the first place. Brilliant.
Although I'm looking forward to the physics defying time machine Pensana have developed and built.

Hi Scaramonga, IMO, Charles and/or Hamilton, are either a certain ex Australian Compliance Manager who got caught and sacked for trading/shorting PM8 and who has now moved shop with a huge chip on his shoulder, or he/she is a Singaporean based Chinese Propagandist who is trying to destabilise the Wests development of Rare Earths. Not sure which is which but both have similar agendas, ie to damage PRE's SP thus making it harder to raise Finance. They may even be one of the same ?

Theorist: " First Pensana does not have a mine or access to raw material" an outright lie !
Or are you so ill informed to have not heard about 'Longonjo' ?
I suggest you take notice of what is said in these discussions, instead of dreaming up Theoretical arguments that have no substance in fact. Better still Sod Off

An error should be some gas fired plants below.

Theorist

I am aware of Toyota and Tesla and many other companies looking into that issue. First stage is to produce and build the operations to produce oxides. The second phase is to build magnets for windfarms. The third stage is to build a hydrogen process facility to recycle existing metal with existing windfarms so they can be reused in the offshore locations. The National Grid of the UK have informed this government repeatedly that the capacity to support EV car recharging as they are forecasting is not possible by the 2030's. The last coal fire stations are closing and in 10 years time gas fired powered plants will close. The UK will need more solar, more windfarms and other reusable energy sources. The fact is that an EV revolution is not possible if we need to have the lights off in the winter as the demand for electricity to recharge those cars will swamp the grid. Like it or not the country will need Pensana and they will need Peak and Europe will need the Estonia facility and the one proposed in Poland to deliver the needs to 350M people. What is the point of having an automotive transformation if the means to provide the energy resource is not there to do any transformation. What is the point of Toyota or anyone else to make EVs if the owner has to ration when they can charge and use the vehicle. Whatever it takes to build magnets will happen because it has to happen otherwise we have no future climate protection. I am sure it is not lost on the ATF staff what the industry needs. I am sure the ATF staff are not building a portfolio of projects that fit nicely into a white elephant silo. Tony

If the committee rejects the Pensana proposal it would need to be as a result of showing the UK could obtain magnets sustainable from another source. So far that does not exist.
Tony, there is no realistic hope of the Uk being able to obtain magnets from Pensana. First Pensana does not have a mine or access to raw material. Second do you have any idea of what it takes to build a plant to mass produce magnets? Not to mention the R & D and technology involved? I am sorry but it will never happen. Just to give you a tiny taste of what is involved in magnet production read this from Toyota:
Development background

It is important that magnets used in automotive motors and other applications have high coercivity (the ability to maintain magnetisation) even at high temperatures. For this reason, approximately 30 per cent of the elements used in magnets are rare earths.

When powerful neodymium magnets are used at high temperatures, such as for automotive applications, terbium and dysprosium are generally added to increase high-temperature coercivity. However, terbium and dysprosium are rare and expensive metals found in locations with high geopolitical risks. Because of this, considerable efforts have been made to develop magnets that do not use these metals, and positive results have been achieved.

Production volumes of neodymium are relatively high among rare earths, but there are concerns that shortages will develop as electrified vehicles, including hybrid electric and battery electric vehicles, become increasingly popular in the future. Despite this, little effort has been made to address neodymium use.

To overcome these issues, Toyota successfully undertook development of technologies that can eliminate the use of terbium and dysprosium and reduce the amount of neodymium used. Through substitution of neodymium with lanthanum and cerium, which are abundant and low-cost rare earths, high heat resistance can be maintained and loss of coercivity minimised.

Use of rare earth in neodymium magnets

The new neodymium-reduced, heat-resistant magnet is able to maintain coercivity even at high temperatures because of the combination of three new technologies: –

Magnet grain refinement
Two-layered, high-performance grain surface
A specific alloying ratio of lanthanum and cerium
Mine to magnet is a lovely sounding cliche, but that is all it is, a cliche. Pensana needs to focus it's extremely limited resources on becoming a miner and forget this nonsensical dream of becoming a major manufacturer. It damages the credibility of management and erodes shareholder wealth.

An excellent explanation Tony.

Looking slightly further ahead Pensana's financing is expected to include bonds – having read the recently published UK Government Green Financing Framework document all of the points you have highlighted will be relevant in assessing eligibility for Green Bonds.

Here's a link to the document, IMO essential reading for all interested in Pensana – https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/1002578/20210630_UK_Government_Green_Financing_Framework.pdf

How these things work.

Expression of Interests on a fund of £1000M usually attract shed loads of applications. The EoI rejection rate is likely to be absolutely huge. The effort to work through a full proposals are significant. The programme management and commissioning group will know that on full proposals that it requires an adequate success rate as industry and academia would demand government to release that figure after the process has completed. The programme is designed to operate efficiently as it uses so much resources to carry out due diligence and it is also finite. A Chairperson will point out the metrics to programme managers and those making the decisions. The EoL phase is therefore utterly ruthless and hence why it has repeat calls and only the best in the class get an invite. The probability of full proposal support is therefore likely to have a target of 35-50% of being approved and receiving support.

As for what is being proposed by Pensana is a direction of travel of how it would be a self sustaining business and it powers the entire industry. Pensana has held discussions with the automotive industry and I dare say making vehicles uses a lot of power off the National Grid. If the committee rejects the Pensana proposal it would need to be as a result of showing the UK could obtain magnets sustainable from another source. So far that does not exist. The second reason would be that they are convinced the public would fully accept an alternative to magnet technology that would not sacrifice any on-going market efficiency by such a substitution. So would the UK like to go and frack gas or build more nuclear power. If the National Grid can not supply enough electrical energy to recharge all the EV that will have a big impact on transport. The National Grid may need new windfarms and other sources to achieve it and the prospect of windfarms not operating without the magnets would be based on a hope and a prayer. I therefore see the Pensana application as highly relevant. It does not matter if the magnet is in an EV car or not although the public may want cars that do so, but they sure do not want blackouts hitting the country and all of us locked down at our homes with nothing working. Tony

@(Conspiracy)Theorist - You have been asked 5 times whether you own PRE stock and refused to answer. PRE is the only stock you comment on. You only comment negatively. Hence you have no credibility and no-one is listening to you.

Hi Scaramonga, I do indeed own shares of this stock.

Generally, like everyone else, I’m keen to understand possible risks to my investment and the likely SP into the future. In that context, most of my posting is around market structure – PRE’s position within this will have a critical impact on its fortunes, and there are a number of unanswered questions in this area still (again, hope some of this will be covered by ‘Tony’s RNS’).

I’ve been involved with PRE for some time, so perhaps this combined with the complex (and interesting) market-level issues leads me to post here rather than on the boards of other companies in which I am invested.

Having said that, being a single-company poster is not that unusual (on this or other boards). Of course, there are more here due to existence of the Australian contingent.

I think you'll find that the company applied in Round 7. The announcement back in March was "successful first phase progression" although it is unclear what that means. It is not a term used by the ATF itself. The results come out and applicants are notified 3 weeks after each round closes so it very strange that there has been no follow up announcement by the company. I would be extremely surprised if the company got any cash out of the fund, I think if they already had a supply and some active automotive R & D or technology then just maybe. It's hard to see what they offer now.

Bwana - thanks for your feedback. Agree 100% about PRE SP manipulation. As I said, the outcome of the next ATF stage seems very vague, and ATF must now be under considerable pressure from the dozens of ventures who have succeeded in passing the first stage in Rounds 1 - 12 to give a roadmap for delivery of funding ASAP.
My best guess on a date for Pensana to reveal all in an RNS will be one after there is a large, unexplained 24 hour leap in the SP.

See:
https://www.proactiveinvestors.co.uk/companies/news/956485/small-cap-wrap---glencore-bluejay-mining-bacanora-lithium-and-more-956485.html

Positive shout for Pensana following recent 29% hike in China NdPr prices. See how today's SP ends up.

Hi CH,

I have a question - what companies do you actually invest in?

Just had a look through your profile and every single one of your posts is about Pensana. How strange you don’t post on forums where you actually own any stock. Its almost as if you have some ulterior motive...

Anyway you must have some belters being such a top class investor, share the love...

Hi Joe, just looking back through your postings - I can't find any questions I haven't answered? Please let me know and I'll respond, thanks.

Actually to save myself the time look at my post of March 13th 9.19am-gives the calculation-though we have had new information since then you will see the methodology-I used 250m shares back then.Think it may be more like 270m now by the way.

Charles, you seem very quick to ask questions but reluctant to answer any! Just going AWOL for a few days doesn't wipe the slate clean.

Charles H happy to tomorrow-but just about to go out for the rest of the day.Obviously there are a few unknowns such as shares in issue Saltend margins etc that I have had to guess.Will post up tomorrow, but bear in mind I am a back of fag pack man-not a spreadsheet hound!!