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Right on cue, Karen and our Dim sim cook are back again ! both professing doom and gloom but ignoring the FACT that they both got it completely wrong; this same time last year when they were both claiming the imminent demise of PRE and are both now back again ignoring the fact that PRE's management are on the cusp of returning both of the Companies projects to pre 2022 projections.
It is now painfully obvious to anybody who analyses the bigger picture, that the fallout from the last two years of economic contraction is solely down to the Chinese and their mishandling of Covid; Claiming that PRE's and the World's woes are nothing other than a global trend, is a distraction designed to misdirect blame from the true culprit ~ Xi and his Wuhan Laboratory !
Now I can understand why the Theologist got it so wrong, his Messiah has a litany of failures behind him. As for the Opium smoker I suppose if you read enough discarded fortune cookies you are equally bound to get it wrong !
Theo: Answer my question ~ What's happened to Round Top ?
My March to March Prediction proved correct once again!
Last year March, and the March before that, I predicted that nowt would have changed here while the zealots were predicting that the world's greatest would finally come through with the funding. Exactly as I predicted. No funding. I was wrong on 1 thing though. Something has changed from a year a go, the SP is 49.5% lower!
Dare I say it? Come March 2025, nowt will have changed here. No plant, no shipment. Just the world's greatest jetting around going from one bash to the next!
31st August 2021. ABGSC will be initiating their detailed due diligence review shortly and will look to be in a
position to target a bond issuance during Q4 2021 once FEED and site preparation is complete.
21st December 2022. Initial site works are underway at Saltend and Longonjo, and this additional investment will take us
through to main financing and the commencement of main construction at both projects during Q1 of
2023.
3rd April 2023. As reported the Company is at an advanced stage in its financing of both the Saltend rare earth separation
facility in the UK and the Longonjo mine in Angola.
31st October 2023. The Company is in early discussions with the UKIB and with other potential equity
partners for the balance of the funding, namely circa US$100 million equity
requirement
3rd January 2024. Financing for each of the Longonjo and Saltend projects is currently underway.
25th February 2024.The Company, through its 84% owned subsidiary Ozango Minerais SA (Ozango), which owns
100% of the Longonjo project, has concluded a non-binding term sheet.The Facility is condiOonal on obtaining guarantees from the relevant export credit agency for which discussions are well advanced.
The company has never ever announced that it has run into a problem with financing so which if any of the above statements were to be believed? The latest update says they have a non binding term sheet but still do not have either the equity or the export agency guarantee. Hardly encouraging. Meanwhile the directors continue to trouser over $100,000 a month of shareholders' money. So why hurry?!
So why is Paul Atherley talking to him. He is a tea leaf chartist that only encourages traders that leave as fast as they join sucking others along with them.
Stay clear in my view.
What has Zak Mir got to do with the success or failure of Pensana ? I really don’t understand why some of you bother posting at all ?
Zak Mir - Oh dear
Another re-hash of all the stuff we already know and love here:
https://pensana.co.uk/wp-content/uploads/2024/02/Corporate-Presentation-February-2024.pdf
- but they've just missed the 28 Feb US$950 million Polestar financing annoucement here :
https://finance.yahoo.com/news/polestar-secures-usd-1-billion-141800930.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAFnzA_rSixZi53wJOhPgtrs6QzF1UV45qqOw0bxMDle-6ZbdC3NiGzJrFxOgy2tbq5JtTtbvkr8SFOQghPSvW4yBVrnGRn3uNQmnluKn95DrRh5rZJ1jsC46sYUbVxQFyrlAFGN8I3ZbonsSHpiT1jUi98KpSwKCslwkIipI-K
Word is that Polestar will be manufacturing in China and only maybe in USA. No real surprise there because Polestar = Geely since Volvo pulled out.
So much for the PA-touted "Net-Zero by 2030. Responsible sourcing: Ethical and transparent supply chain/Engaged with major OEM’s for partnership to support their magnet supply chains including Polestar"
I'm guessing we can now cross off Polestar as one of the potential offtake customers, which suggests that quite a few other candidates on PA's offtake list also need to be reconsidered in the light of Geely's ever-growing ownership and acquisitions.
Zak Mir = Kiss of death
Theo, What I do with my money is my own business ~ so please don't worry about me or Tony as we have both done very well. Now stop being a Karen as you have lost any credibility in yourself that you thought you may have had. You are be a legend in your own mind but a waste of space to others. You can't even provide advice when its requested ~ what's happened to Round Top ?
I have not changed direction and want to see the mine get funded. I read a work in progress type of RNS and yet others assumed it was all done and dusted because that is what they wanted to read into it.
How come the normally ever reliable Tony seems to have changed direction. ??????
China. I told you to get out of Pre when the sp was 180p. So I guess that makes you one of the village idiots. At least you don't have to worry about your capital gains tax liability.
Hahaha
DS22, Didn't you know that Theo is an X-spurt on everything, 12 months ago he gave Pensana just one month left to live and was big noting himself on buying HZM, A legend in his own mind with a litany of failed advice to any village idiot who will listen to him !
I made a lot of money on all of these stocks except Boom and Pre where I have averaged down and have no doubt will make a lot of money again from these - unfortunately you can’t tell what my averages are or when I bought and sold - so I will just repeat you haven’t got a clue ….
Theo, You never answered my question, how is Round Top going ? I did hear a rumor that you are now looking at a Silver project. You may be onto something there, it sounds as if Joe will need all the shekles he can lay his hands on to pay off his political lackies. Don't worry about Tony, he changes his mood with every wind change, in a couple of weeks time he might even be back praising PA for raising funding in such a hostile economic climate.
That was I nice piece you wrote about ARR by the way, but you failed to notice that their Competent Person puts a disclaimer on all their announcements ! Undertake to be, not is !!!
DS22. KDNC. ANGS. WCAT.BOOM.PRE. 13E. And you say I haven't got a clue???!!! Your record of picking losers is quite exceptional.
Theorist you haven’t got a clue - poor soul ……. Go back to the village
Chinasydrome
I have written my concerns arising with the RBW CEO on the LSE Board. I have blamed him for the main reason of such a pull back going on there and for him to stop treating the project as some kind of hobby.
Pensana was doing great when tons of money was flooding the market back in 2020. A major factor that has halted funding in the past was availability of money. Sadly the situation has not improved so the company is over the line when things are all signed off,
Yes I do have some Pensana shares.
This is more bash than bosh. All of you have read Tony’s posts for several years. You know he has a more technical approach to investing than most of us. In fact I reckon none of us think about bond yields in the context of investments like Pre. Give him a break.
Meanwhile great excitement. A non binding term sheet with unnamed lenders conditional upon equity conditional upon guarantees, should buy the company another six months. SP drifts back to low 20’s.
Tony i genuinely cannot understand what point you are trying to make.
First you post your concerns about a global equity market correction which seemingly will only impact PRE and not the other Companies you post about and now you are comparing PRE to an operating gold company in Tanzania?
Question for you are you actually a PRE shareholder?
Tony: Very transparent of you, I can't help but notice that you have completely failed to post any of these global concerns of yours on the RBW page. Come to think of it you never question any Rns that they come out with, even when they clearly fail to meet their forecast milestones ! Pensana produced more NdPr from the 60t Met sample back in 2020 than RBW have managed to produce from their "Pilot plant" over the last six months, correction "Lab Assay pulps" !
Tony your boring and comparing apples with oranges : there is no getting around the fact that when funding finally gets wrapped up - which can’t be too far away based on todays further positive update irrelevant of what the wider market is doing - these are undervalued base on any reasonable valuation grounds
Lessee
On the Nanoco Board folks are having to study every word on every communication from the CEO Brian Tenner. In the last RNS we thought shortly was a few days and it is now over a month. Company trading at an Enterprise value of £60M with $63M in the bank and a manufacturing plant ready to take orders. Tony