Canadian brine developer E3 Lithium links with oil major Imperial to drill world class brine asset. Watch the full video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East and have access to Premium Chat. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
China - No-one has publicly suggested Theo is Mark Hohnen. I have asked a number of questions as to why Theo opened an account at the exact time he left the company. I have also asked how he has inside information relating to his and Mclachlan's shareholdings.
Both relevant questions and which I'm sure have purely innocent answers.
Let's not get into that again. It's boring and not a good look.
Yeah that's it, he's working for me & all the other FUD merchants, working hard day on day to live rent free in your head!
FYI everyone else - I kicked China out of the telegram group for too much ramping & being abusive towards other holders. That has put me in with the de-rampers apparently....
All this talk about Mark being Theo is pure unadulterated Bull****.
1) If it was true, there is no way that Mark could justify his bringing PA onto the Board if as Theo says PA has been a serial failure ! he would be more culpable than our Chairman.
2) The attacks started when the SP was at 2.08, ie performing well; so why would anybody destroy the value of their own holding ?, it would be understandable if the attack started at GBP1.00 but no it started at GBP2.08
3) Mark is a very successful businessman, it would be stupid in the extreme to destroy a Company and the lives of several hundred LTI's just to settle a petty grip with one person. especially so if you hold a large holding !
No Theo is just pulling strings, He may have connections but not at that level, if anything he is working for the Adelaide mob or the Scottish Engineer who thought they could steal the Company buy turning all of us LTI's against Management !
RareEarther - Thanks for the info which I suspect is publicly available. What is not publicly available information is who the beneficiaries are and why there have been no disposals or additions.
I look forward to Theo filling in the gaps and communicating where he gets his information.
Hohnens 4,318,693 shares were held in an Aussie broker under Vynben PTY LTD until the end of the year, then they transferred over into Pershing Nominees LTD (BNYM) , this was done as part of the London listing requirements
It was written by a current Director at the company (not PA). Theo I do not make things up and I am not the kind of person. I have topped and tailed the email I was sent. I frequently communicate with the company and when they can I get a reply. What I put on was an extract from an email I received last year when you made a lot of suggestions about their departure. I was just happy to get a reply at that time.
Finally, I do not want to be responsible for misleading anybody on their investment choices. Everybody should be grown up enough to do their own homework. The message board is primarily about sharing knowledge its not about ramping or deramping to play one's own stock positional interest. All I have done is shared what info I had from the company and its your own personal choice to dismiss or accept what I shared. Tony
Theo - "I know the vehicles in which those shares are held, who the beneficiaries are and why there have been no disposals or additions."
How do you know this?
Gee old mate, for someone who detests the company and holds no shares.. you know an awful awful awful lot about it and the key personnel. It’s as if you’ve dedicated your whole recent working life to it!
A holder or new potential holder asks themself the question… why would entities put so much time into de ramping a stock??
It must really be a terrible stock! With no geopolitical upside! No planning approval! no government support! No proven resource! No FEED! No ATF! No Sovereign wealth fund or institutional backing! No industry demand exploding off scale!!!
Goodness me Theo, wire me your details and I’ll transfer you my shares directly! Let’s cut out the middle man!! At a discount even hahaha!
And yeah, I met Barrack Obama in 1998, we shared a cigar and have maintained a great friendship ever since and have zoom calls weekly.
Chance meetings hey??
Theo - Intriguing. It is just a coincidence you set up your account on LSE at the precise time they were exiting the company then? Thereafter you have systematically downramped the company without supplying a motive.
It might be worthwhile explaining further your relationship with them so we don't get the wrong end of the stick.
Theo, I have to confess, I stole it from a publication called 1001 things to do on a rainy day. Entertaining read, unlikely to win any awards
Sundrum. To assert there are only two people on the planet who could pull off a financing would be odd, I agree. It’s certainly not what I said, maybe you need to read again? I do not know Hohnen personally. I first met Maclachlan in Sydney in 1986, that’s as much as I am prepared to tell you but it should answer your question.
Tony I think you’ve overstepped the mark. Your post is simply not true. The English is so poor. You wrote this yourself . Tell me who at the company sent you this email and I will contact them immediately and test it’s veracity. You say it is easy to become seduced in looking for things to support your opinion. You weren’t kidding! But making stuff up? You just blew your credibility away. Greek lizard, yes I do know what Hohnen and Maclachlan’s shareholdings are, I know the vehicles in which those shares are held, who the beneficiaries are and why there have been no disposals or additions. Mumbles your post pathetic, hairs on a peach, did you really think that up all by yourself? Desperate stuff from a trio of uprampers.
Theo - To assert there were only 2 people on the planet who could get a great deal for PRE reveals a high degree of bias. How well do you know Hohnen and Maclachlan?
Theo and other readers,
This was from a communication I received from the Pensana last year regarding the two directors who left.
They are both hugely experienced business men in their own rights and the reasons for their stepping off the board was nothing more than transitionary. Mark is based in Australia and in addition to Covid restrictions the companies migration to the UK meant we were always going to look for a replacement in the UK who was closer to the Saltend operations which came in the form of Dr Jeremy Beeton who rolled out the UK Olympics. Similarly, Neil Maclachlan, with respect to his age, was always looking to step down at age 78 once another Board member/s was in place and Baroness Lindsay Northover and Sandra Bates fulfilled that position.
Theo, I do feel you are trying to read into situations to fit your bias and are just as guilty as others who take a contrary view to yourself which you criticise them for. Its easy to become seduced in looking for things to support your own established opinion.
As for HZM and Pensana. Both will offer the kind of volatility that may allow investors to manage or create a degree of free carry as this arises in most investment scenarios. If it does not arise and works on the model you say it would destroy public green investment as the public would not want to serve as a charity to the banking sector as they would expect some kind of investment return. Otherwise COP26 objectives and Green bonds etcetera would not get a worthy reputation as future investments. Media would soon jump on the rip off exploitation as you describe it as leaving everyone with next to nothing just destroys future innovation and creativity. The incentive instead would be to go back into oil companies finding new oil fields and turning the planet into a furnace.
Theo…. So if you dont have any interest in Pre. Why don’t you go and something more interesting. May be try shaving the hairs off a peach. If you get really bored, you could try replacing them.
Because i dont see what kicks you get out of posting on this forum.
Sundrum I genuinely believe that Pre’s chances of a financing walked out of the door with Hohnen and MacLachlan. It wasn’t about achieving a better outcome but about pulling off a financing period. Even your pal China would acknowledge that financing is THE obstacle for all wannabe mining companies, Maclachlan in particular has colossal hands on financing experience. There was clearly a major falling out with PA, no doubt over the direction PA was taking. And whilst I’m here Mumbles I couldn’t give a fig about shorting, fuds, flow of shares, even the share price. I have no financial interest whatsoever in the company or its shares. Every time I read that tripe I just shake my head.
Theo, we can put $500 million on a credit card at 18.9% APR and pay it back in a year, but I think there will be other ways.
You mean until he runs out?
Sundrum, Theo has no view. He has a strategy, to serve an end. I don't believe it is shorting or accumulations. It's just to keep a flow shares coming on the market, no matter how small the volume.
Theo - To summarise, your view is that only Hohnen and Maclachlan could have achieved a better outcome for PRE?
What outcome do you think they would have achieved as a matter of interest?
Theo, great argument for a change, or rather reverting back to a decent discussion. all you say is correct. I also agree that bond holders will never put up 100% of the capital. why would they or why should they. just so the equity holders can become multi-millionaires over night, whilst they have to be satisfied with a fixed coupon. regardless of how generous it may be. you are correct. i suspect you know a lot more of what is going on though. lets see what happens
MJM3 - Not 100% sure but I think you are saying you were great in a war zone but know next to nothing about the world of business and investing. You are quite right, if I was on the battlefield I'd listen very carefully to those who know about such things so as to survive. You would do well to do the same and keep quiet, listen and learn from others who know a lot more than you do so that you survive in the investing world.
Tony. I think you need to understand the precise structure of HZM’s funding. Sure they got their finance but sadly it did come at great cost to the pi’s. The reason HZM shares will not shoot up as you either hope or surmise is the conversion terms on the debt and the massive effective prospective dilution of the equity holders. This is the exact same problem that Pensana could face. The negotiating position of the Company is exceptionally weak. They are not looking at a beauty parade of prospective lenders. Realistically the equity holders could land up with no more than 10% of the upside. And of course this makes absolute sense. If you were putting $500m of debt finance in and the company was putting in nothing or next to nothing you would expect to have to give the debt holders substantially all of the upside. If The Company could raise say $150m from its shareholders or a good slice of mezzanine or junior debt then it could retain a much larger slice of the upside, but looking at the register I can’t see this. It may seem unfair to sum but Pensana could easily land up with no more than an effective royalty of say 5% max 10% on earnings. Who will be the winner at HZM? Glencor the pi’s? The answer is pretty obvious. The only two people who could financially engineer a better outcome for Pre left on the same day. These are fiendishly complicated financing structures to put together and the Company does not have anyone with the necessary skills and experience to not just put this together but to also successfully fight the corner of the existing equity holders. It is these reasons, plus the ill advised FEED approach, plus the poor track record of management, plus the scatter gun decision making and announcements, plus plus plus, that the shares are 80p and looking down not up.
Yes your my type, very much so I’d like to teach you a lesson in what I know. Not all investors know everything or even anything about what happens to there money. I’ve had money in the premium bonds all my life all I know is it’s government backed nothing else ? I do know certain things and skills that you may not know, so what difference does it make ? I was given advice, at the time that person giving me the advice believed he was right and given in good faith. What’s the difference in me spending years reading up and finding out information or someone telling me what they know or believed to have known ? Put it another way I could, could have lead you though a mine field from one side to the other safety, you would listen to every instruction having no knowledge in this role knowing I had the experience to get you to safety, however I make one step wrong and it turns to sh@t ! And there you go !