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Here you are Dumpunter from SI Capital Report but I guess you would know more about this :) Being a REE extraction project, in this case from a carbonatite deposit, the team have had to overcome two well-known geological challenges. The first being the complex metallurgy to produce a commercial REE- product, and the second being safe storage of tailings. The company has successfully produced a REE carbonate and solved for the complex metallurgy. Furthermore, by leveraging off the Wood Group’s extensive knowledge, the company has, unlike many Chinese facilities, been able to design a fully sealed tailings facility designed to world class standards and thereby catering for the safe storage of tailings. This being a critical part of the Pensana story in ensuring that the end-product has come from a reliably sourced and environmentally sensitive operation.
Dumbo, Where on earth are you getting your information from ! Nowhere does it say that leaving the Thorium at a site it already exist on is unacceptable, Otherwise every Mine in the World would be unable to operate. Thorium is Pervasive, it is everywhere to some degree or other. Thorium is not even a particularly dangerous Radionuclide as it in itself does not emit any Gamma radiation, and given its 14B year half life, only minimal ionisation occurs for any given mass. The major risk from Thorium is that its Oxide ThO2 is a recognised 'Toxic' substance, as are most metals, however it is only dangerous if ingested or inhaled,. So keeping it wet to prevent airborne dust is a simple mitigation procedure. Silica dust is far more dangerous and the unsealed roads of Africa / Australia generate millions of tons of that each year !
As for the DFS/BFS, You have no idea as to what is contained in the Business Plan which superseded the BFS. The only thing that was published was the Summary which contained a brief outline of the Financials. There is no reason for the Company to publish the full document, especially when there are fools like you and others wanting to copy and paste the IP into their own Plans.
As to sending Thorium into storage ! Are you suggesting that they are going to SECURLY store concentrated Thorium somewhere ?? and for how long 250,000 years, Thorium may not be fissile but terrorists can still use the stuff in a Dirty Bomb.
>>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.
It's not proven, a DFS/BFS is verified by independent comment persons. The business plan is simply made up. Where is the six month overdue BFS?
Rare Earths are note rare. Economically viable RE reserves are rare.
Precisely zero chance of importing to Europe when you dump 1400 tones of thorium per year in Africa. Medallions process involves sending the Thorium to storage. https://www.proactiveinvestors.com/companies/amp/news/954995 Dunno how much it costs or how practical that is. It's already been explained to you that dumping it is not acceptable in Africa or elsewhere.
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.
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.
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 ?
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.
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.
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...
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!!
Hogsnipe-firstly thanks for all your excellent and insightful posts.I and other shareholders greatly appreciate them. In response to your question below last time I had comms with the Company they were indicating a vague August/Sept timeframe for the ATF,but were pretty confident of getting something.They were also adamant that the ATF was the catalyst for green bonds and the rest of the funding.My own assumptions are that Saltend will be funded largely by the ATF,green bonds and just a very small amount of equity-so generally pretty cheap funding.I think it is Angola where the bulk of the new equity will sit alongside some more expensive debt. Despite all the attacks on the share price,which to my mind are driven by a combination of hedge fund shorters and industrial espionage due to us having a radionuclide solution that competitors do not have and are in dire need of,I am confident that this will get funded and I still stand with my £10 PT. By the way I really am not a conspiracy theorist, but I have never owned a stock in my life that has been so manipulated and attacked by so many pretty sophisticated derampers.That alone to me is quite a bullish indicator!!