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Theo - As sharp witted comments go I'd give that about a 4 out of 10. Then again data analysts aren't necessarily known for their humour.
P.S. how did your team get on yesterday?
SunDrum would that be you??!
Astro it is a waiting game at the moment. I would be surprised if the government does not give loan guarantees to Pensana and I would also be surprised if they did not get a grant on par with those of USA rare earth companies who received payments via the Pentagon to develop future supply. Various Ministers and MPs know all about Pensana and we have a political connection on the Pensana board. Hopefully, they are emphasising the importance of what the company is doing. This share can double in the space of a month with a good flow of important news.
Astro - It is a bit like an exclusive private party for international PRE long term holding shareholders (some with 1m+ shares) which you have been invited to. Boorish gatecrashers that have no etiquette or manners and don't understand social cues are not very welcome.
The Telegram group is like going out with some likeminded friends to a Michelin star restaurant, enjoying the 9 course tasting menu washed down by the paired vintage wine. This forum is more like going to a rough boozer, throwing down 10 pints plus of high strength lager and having a fight with the local village idiot on the way home.
Astro - Telegram is similar to messaging on your mobile phone but for groups. On the Pensana group on Telegram there are 250 long term holders sharing information all the time about the company, sector, geopolitics etc etc. It is very easy to use and free - all you do is download the app on your phone and we can provide you with a link to access the group.
It is a far superior source of info and you don't get trolls that have zero shareholding in PRE on there.
@Astro: my PRE average is 106. I'll add a decent chunk to lower it once the drops slow down. I think I said that this would go into the 60's a month or so back and I've not changed my opinion yet. It all depends on news flow.
FYI: I'm also heavily underwater on CEY and have a large'ish position on that one. That's the life of a mining investor!
In my experience, you need to scale-in to this type of stock to reduce the chance of big problems. You also need to totally ignore any 'advice' from these boards. Everybody here has an agenda.
That's why I find impartial/high quality data as found in Stockopedia - they have no agenda. The discussions on Stocko are also of a high quality and nobody insults anybody.
Good luck.
@eloro yes, it's a waiting game now...
@sundrum no, I have no idea how telegram works. I'm ok just coming here for information. A lot of strong supporters of this company here so the information given is alot here already...
Boy, are you bitter and twisted, with absolutely zero objectivity. i suspect you also have a leaning towards masochism. So i guess that's what "Floats your boat" if you care to read the blurb that goes with it. you will see that the nominations are made by an independent group of individuals, who discussed and decided on the finalists as below. You can find the Bios of the individuals in the link following
VOTING PANEL
The voting panel met in two sessions on Thursday 25 February and Tuesday 2 March 2021 to debate the nominations and arrive at a final shortlist. The panel members and their credentials are shown below.
https://www.plc-awards.co.uk
Astro/Eloro - Are you on the Telegram group? Far better information stream on there that doesn't reach this forum.
You are not alone Astro, my average is 147. Like you, I also decided not to buy anymore PRE shares until they have achieved a meaningful milestone. I think we will have to hold for a year to make our money back. I am disappointed that the company isn't further along with the financing. About 2 interviews ago Paul was smiling giving the impression that financing was all sorted. Now we find out that he has only just started to address the matter. Oh well, what's 1 more year heh.
Sympathize with holders who have high averages. I am the same with CEY.
For what it is worth I topped up here today.
Most investors will not touch this stock as mention by Canetoad . 100 percent speculative stock we all know that.
Only a few of you guys who are hardcore lovers of this stock believe in stock a lot. I'm not sure what your avg is? i presume you should be pumping in money every time it drops. because you believe in this stock so much
Right now I'm 159 AVG and on HOLD no more going in until something happens with this company.....
Does anyone don't mind telling me what your avg on this stock is now? i hope i don't feel so left out with my high AVG :)
Guys, it doesn't require a genius to work out why this is dropping.
A lot of investors will scan for stocks in systems such as Stockopedia. This what they have (worst=0, best=100):
Quality: 19
Value: 3
Momentum: 9
StockRank: 3
Overall Rating: 'Sucker Stock'
Investment Style / Screen : James Montier 'Unholy Trinity' Screen (Short Selling)
Generally speaking, I would not touch a stock with metrics this bad. I hold PRE, because I think there's good long-term value, I believe in the story and I've done my own research. I am not a fantasist though. We'll only see a significant number of new investors when the above metrics improve. Until that point, it will drift downwards.
@Hogsnipe: "Just have a look at todays PRE trading so far". Perhaps you're right. With investments like this, I tend to expect lots of shenanigans and scale-in very slowly. I'm not too concerned about the short-term price movements on this stock. If it drops, I'll add more, but I don't yet see any bounce, and I don't catch falling knives.
CaneToad: Just have a look at todays PRE trading so far - practically all the selling volume is AT trades - not commonly used by PI's (unless stop-losess - also not often used by PI's). There are a few PI sells (and buys) as O trades - often priced to 3 sig figs as is common practicewith nominee accounts - at Hargreaves Lansdown for example.
It's difficult not to come to the conclusion that shorting IS going on, when batches of consecutive AT sells knock the bid/offer down, followed by batches of buys, and this pattern goes on all day till close of play. It's been like this now for several weeks. And we know from Pensana's regularly updated register of their top 20 holdings that several nominee accounts in the top 6 are a front for some serious share accumulation over time.
You're right on one count though - until Pensana get some solid news out on capital investment, this share is a suckers' play if you're not in it for the long term (as are the majority of posters here).
Dumbpunter - how'd you like the nomination of Pensana for the PLC new company of the year award? Not bad eh? Guess PLC aren't following you here......
Canetoad, agree with your last para... its painful, but if an investor is confident in the fundamentals, of the company, the economics supporting its sector and the competence of the management team, which i am. this is a definite hold.
the fact that Pensana have been nominated for the New Company of the year PLC awards taking place this week speaks volumes regarding the structure and management of the company even if they don't win anything
Cane toad, You first quote my opinion of Shorter's
Then go on to suggest that they don't exist ! not a rational argument.
If you are right, and they don't exist, why do you feel so offended ?,
But if I am right, the fact that you are offended enough to respond, indicates to me that you are indeed guilty.
I suggest you think more about the future of your Children than your own self greed. Buy some PRE to keep, not only will you end up better off in the long run, you won't have to feel so ashamed of yourself next summer.
CaneToad
Thanks for the previous on shorting as it makes sense.
I actually feel the current gas crisis and all the challenges happening of late and technological advances are arising at a good time to aid the FEED and other Wood reports on all the risk and factors that need to be taken on board. Its far better to have these hurdles now than in the middle of the project that is well beyond any design changes. Its better to think hard before all the real spending once funding is approved. Resources used to date had to be used and do not undermine the next stage.
@China: "Shorter's have no Moral standing in Society, they are motivated purely by Self Interest. "
This is nonsense.
I would be surprised if PRE was being directly shorted. Only a tiny percent of investors use boards. More likely, it's just PI's selling at a loss after panic.
Shorting can come about when an innocent person buys a put option, to protect themselves from catastophic loss. e.g. Somebody with a large cap portfolio might buy a put on the Nasdaq to compensate for a crash. The seller of that put option (typically a bank or hedge fund) will then sell the shares/index short to hedge themselves against the put option paying out.
It's as simple as that.
For Pensana, I am a holder, but it's clear that the technicals point to further downside until there's significant news. If you're going to buy into a company like this, or Rainbow or any highly speculative stock like this, you have to expect to ride out market volatility and loss of sentiment.
shorters
Theorist, You say Shorting is not immoral and does no harm: Clearly you have no concept Morality or of running a Company. There is no such thing as a free lunch, Shorting destroys Sentiment and more importantly Market Cap', which in turn hinders a Companies chances of raising necessary development funds at favourable rates:
Shorter's have no Moral standing in Society, they are motivated purely by Self Interest. This is doubly true when they attack a company like Pensana. Not only are these Shorter's hindering development but at the same time they are also working against Humanities endeavours to clean up the Atmosphere, and effectively supporting China's aims of holding the World to ransom with a RE Monopoly. Morally you are Traitors to Humanity and you all deserve a Darwin Award.
You must be a Yank, in the UK & Oz 1) Naked shorting is a criminal offence, 2) Manipulation is also criminal offense; just because the Regulators seldom prosecute does not make it Legal or Moral.
And you now raise an interesting point, seeing as both you and Dumbo were claiming it was impossible to short a stock just a few weeks back ! You have clearly changed your story from "it can't happen" to "it is not illegal"; which amounts to tacit acknowledgment that it is happening.
Secondly, As I pointed out earlier and you now confirm, Even Shorter's have to reverse their tactics eventually or risk killing the Golden Goose. So eventually (possibly quite soon) all those LTI's that have held their nerve are going to enjoy a return to growth.
I and 80% of the other holders can wait, because we ALL know (even you) that the fundamentals are sound and that PRE is soon going to become a cash cow.
China, you must, must develop an understanding of shorting. Yes, shorting can drive the price down, particularly if it is large scale. First, as you often like to point out, over 80% of the Pensana stock is held by the top 20 shareholders. So even if shorting was taken place it would by on a very small scale and the impact on the share price would be minimal. Second, the shares sold short have to be bought back, so the impact on the share price is minimal. Third, shorting is not immoral or criminal. Some people make money by betting on the SP going up, some by betting on it going down. It is all no more complicated than that. Shorting is not the reason why the Pensana share price has fallen 60%. And no one is going to be arrested. Everything you post on this subject is utter rubbish and you are making yourself look a complete fool by persisting with your nonsense.