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Classic retort because none of us know. What do you expect us to do? You won't find the answers by cussing the company on here!
Classic PRE holder retort. No counter.
Ask yourself, what is the hold up with the finance?
Woa! Intense.
Will you find inner piece if finance is achieved?
I did, when I was a shareholder. Did I get a response?
Interesting, no one willing to answer I will assume. Millions in incentives and salary. Miniscule director buys at this level, no closed period so financing cannot be as close as assumed.
Non-binding (worthless) term sheet for finance, similar to being offered 0% credit card, only to find when you apply you get 29.9% because if your risk profile at the time.
Directors "willing" to loan upto 2 million back to the company to keep the lights on, but no terms.
Ridiculous incentive package this year and next. 60 odd pence. Basically the value of the company as assessed a year ago. Lofty expectations back to the price point where they dropped a going concern at the interims that dropped tje stock to 15p. Get your heads out of backsides
MAA86 - Easy answer to that. Because neither Lewis nor Theorist are shareholders. They comment on here out of the goodness of their hearts.
Why don't you send your concerns to the remuneration board?
Theo, but they offset that renumeration with the decency of buying £5k of shares at current prices and may provide a loan back to the company at undisclosed terms to cover group costs (more renumerstion).
How long will it be I wonder before ASWF have to offer another 15 mill to keep the local hires in place that PRE are shouting about.
Look out someone will be redrafting the sulima/coola update to keep the faithful happy
Hi Theorist. Genuine question. Do you see any similarities here with HZM?
another month flies back. atherley says thank you for his $30,000, george appreciates his $50,000 and ****** his $40,000. btw this excludes share awards. $2.0m of annual remuneration for the board. maybe for another million bucks you might even get to find out what’s really going on with the non-binding term sheet.
So important it just dropped 10% in value! Great call Tones...
Https://www.aiinsightmedia.com/rare-earth-metals-ai-semiconductor/
Fair point.
So do PRE RNS.
You don't half like repeating yourself
A view that doesn't match your own isn't hate. I think there is space for honest discussion but most of the blind hate (fairh) comes from pre holders. All under the guise of he said she said.
No one is willing to question the timeline, just happy ears that finance promised years ago is close.
Why does PRE seem to have the most haters compared to all other REE hopefuls?
Secretary of State for Business Kwasi Kwarteng launches UK Critical Minerals Strategy at Pensana's Ground Breaking ceremony at Saltend
The Rt Hon Kwasi Kwarteng MP, Secretary of State at the Department of Business, Energy and Industrial Strategy, attended Pensana’s Ground Breaking ceremony at Saltend to launch the UK’s Critical Minerals Strategy, and to also endorse Pensana’s project.
Kwarteng’s demonstration of strong government support for Saltend and the Company is confirmation of the importance of Pensana’s aim to create the world’s first independent and sustainable rare earth supply chain. Located in the Humber Freeport in Hull, Saltend is set to become the world's first rare earth processing facility powered by offshore wind, producing the key components for electric vehicle and offshore wind original equipment manufacturers with low-embedded carbon.
Pensana Chairman Paul Atherley commented:
“It is a great privilege to have broken ground on the world’s first independent and sustainable rare earths separation plant. This is a huge milestone for both Pensana, the Humber region and the UK, as part of our ambition to establish a critical magnet metals supply chain to secure the green energy transition.
“Securing ATF funding is a key development, demonstrating the UK Government’s support for this important project in line with the newly launched Critical Minerals Strategy. Pensana is set to play a vital role in transforming the UK’s electric vehicle and offshore wind industries, by producing low-embedded carbon magnet metals and creating high value local jobs.”
Kwasi Kwarteng MP, Secretary of State at the Department of Business, Energy and Industrial Strategy, commented:
“Pensana breaking ground today has been made possible in part through government support and shows how our plans to secure an internationally competitive electric vehicle supply chain in the UK continues to gain momentum. This incredible facility will be the only of its kind in Europe and will help secure the resilience of Britain's supplies into the future.
“That’s why we’ve also launched the UK’s first Critical Mineral Strategy, setting out plans to develop robust supplies of minerals that are key to our economic success and national security. The strategy will bolster our resilience to market shocks and geopolitical events, while supplying key industries such as automotive and defence.”
Https://pensana.co.uk/longonjo-site-activities/
Quite right Theo, nothing to see here. Probably all generated by AI.
AS1971, you don’t have to worry. Investors and shareholders might have got the impression that all these people work for Pensana. They don’t. They are, I think without exception, consultants that Pensana may or may not use, they are not on the payroll. A bit like the large team working on Saltend. And the non-binding term sheet. The green bond. Did you know that Atherley’s share grants, all 4 million or so, originally had a vesting condition that construction at Longonjo had to start by May 2023? So you might think they would extend that. No, they just waived the condition, all shares now fully vested.
Is that a joke? Who is paying all these people and from where are funds being sourced???
Greek - it looks impressive, but I doubt this lot are currently on anyone's payroll. More likely they are just placeholding for future freelance/consultancy/part-time/fixed-term contracts with Ozango Minerals until the money comes in.
Nice to see Dumbo has crossed the floor and joined the ranks - wondered why we haven't had any posts from him recently!
Anyone here care to pass on any feedback/commentary from the PRE Telegram board concerning the finance standstill? Yes, I know I could join the group and find out for myself. In fact, I did briefly, but within a day I was getting text messages from a new friend in Russia, so I closed out and uninstalled the app.
There seems to be lots going on in the background all with the anticipation of funding being available to pay for it all. I wonder what’s taking them so long to get it finalised- feels like this has been going on forever
Https://www.express.co.uk/news/world/1886188/china-rare-metal-gallium-price
Accidental long term holder...