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Smartpunter So you agree that you were wrong. - there has in fact been no purchases at all by Chairman Zero? Rather a transfer to another holder. if the beneficial owner has not changed then why the announcement?
Big question for you is will Sanlan disclose Chairman Zeros sales when it sells?
Beneficial owner has not changed as stated in the RNS.
Not correct i am afraid Smartpunter.
As clearly stated in the most recent RNS Chairman Zero has not purchased any shares at all. He has transferred his holdings to an account managed by Sanlan. The question you have to ask yourself is why? Does this mean that the shares can now be or have already been sold by Sanlan?
As the buys and transfers point out, Adonis and Bennett have been buying.
Hence the latest RNS showing their beneficial ownership now stands at over 20% between them.
The RNS being a record of truth.
SmartPunter it appears that Chairman Zero has been relentlessly selling over the past six months. These transfers are to an account which does not require any disclosure when sold. Hence the reason why his holding is decreasing The question you should be asking is what does he know that you don't?
29-Aug-23 08-Aug-23 Transfer To Adonis Pouroulis 13.65 GBX 5,602,357 -
26-May-23 15-May-23 Transfer To Adonis Pouroulis 9.25 GBX 7,763,632 -
10-Feb-23 07-Feb-23 Transfer To Adonis Pouroulis 12.25 GBX 43,105,436 -
10-Feb-23 01-Feb-23 Transfer To Adonis Pouroulis 12.25 GBX 46,084,036 -
01-Nov-22 31-Oct-22 Buy George Bennett 9.90 GBX 435,000 35,596,294
09-Aug-21 06-Aug-21 Buy J. Peter Pham 13.50 GBX 250,000 250,000
19-Jul-21 14-Jul-21 Transfer To Adonis Pouroulis 12.25 GBX 1,328,148 76,478,864
15-Feb-21 12-Feb-21 Buy Alexander Lowrie 12.00 GBX 320,000 6,075,124
27-Oct-20 27-Oct-20 Notification of Holding Atul Bali - - - 3,657,992
30-Jun-20 30-Jun-20 Sell Shawn McCormick 3.00 GBX 1,329,186 9,316,571
30-Jun-20 30-Jun-20 Buy Adonis Pouroulis 3.00 GBX 1,329,186 76,478,864
22-Jun-20 19-Jun-20 Buy Atul Bali 2.90 GBX 1,783,332 3,567,992
22-Jun-20 19-Jun-20 Placing Alexander Lowrie 2.90 GBX 458,332 5,755,124
22-Jun-20 22-Jun-20 Placing Adonis Pouroulis 2.90 GBX 3,359,648 75,149,678
22-Jun-20 19-Jun-20 Placing Shawn McCormick 2.90 GBX 1,787,518 5,026,757
22-Jun-20 19-Jun-20 Placing Shawn McCormick 2.90 GBX 458,332 5,026,757
22-Jun-20 19-Jun-20 Placing George Bennett 2.90 GBX 1,993,779 34,726,294
29-Oct-19 28-Oct-19 Buy Adonis Pouroulis 3.00 GBX 5,464,481 71,790,030
29-Oct-19 28-Oct-19 Buy George Bennett 3.00 GBX 5,464,481 5,464,481
24-Oct-19 23-Oct-19 Buy Jim Wynn 2.60 GBX 844,688 844,688
24-Oct-19 23-Oct-19 Sell Jim Wynn 2.50 GBX 844,688 844,688
22-Jul-19 19-Jul-19 Sell Martin Eales 2.85 GBX 701,351 3,523,195
22-Jul-19 19-Jul-19 Buy Martin Eales 2.85 GBX 701,351 3,523,195
19-Jul-19 19-Jul-19 Notification of Holding Shawn McCormick - - - 8,858,239
19-Jul-19 19-Jul-19 Notification of Holding Alexander Lowrie - - - 5,296,792
19-Jul-19 19-Jul-19 Notification of Holding Atul Bali - - - 1,874,660
19-Jul-19 19-Jul-19 Notification of Holding Martin Eales - - - 3,523,195
19-Jul-19 19-Jul-19 Notification of Holding Robert Sinclair - - - 4,568,425
19-Jul-19 19-Jul-19 Notification of Holding Adonis Pouroulis - - - 66,325,549
25-Jun-19 31-Jan-18 Sell Adonis Pouroulis 10.00 GBX 1,626,016 47,217,28
Weird idea you have about the chairman of RBW, he has recently raised his ownership to 14%., George Bennet owns over 6%.. remarkablely high for a company that had raised over 50% of its equity funding for its first project. As for the lateness of the CIX/CIC backend pilot plant producing RE oxides, TechMet assured Congress that it would start soon, and they have previously produced RE oxides from other sources and phosphogypsum. Optimisations take time.
https://www.lse.co.uk/rns/RBW/conditional-shares-issue-share-options-exercise-vbq3n7he64z8ec6.html
Smart punter on the topic of failed technology how are the K tech results going? Chairman Zero still selling?
Not quite correct ET. MP has spent the best part of US$2 billion and is still exporting concentrates to China as far as I recall!
So what is your prediction for PRE for March 2024?
Defacto ban was already in place.
Three western miners/processors have failed to an extent with the processing tech. That doesn't bode well for others trying to raise finance without proven technology.
China, the world's top processor of rare earths, banned the export of technology to make rare earth magnets yesterday, adding it to a ban already in place on technology to extract and separate the critical materials.
Alternatives to Chinese suppliers are becoming more attractive - good news for PRE.
And to think some folks were outraged at my posts regarding the failure of the Angolans to remove serial failure the world's greatest from PRE! ChinaSyn's post this morning was out and out despicable and I am pleased to see that admin had the good sense to remove it:)
3 months to go where my prediction will be fulfilled re nothing changing here come March 2024. No funding while the world's greatest is allowed by the Angolans to continue drawing a fat salary.
I am over the moon. MP has successfully onshore rare earth processing in the US and not far away from establishing a magnet manufacturing business, thereby closing the supply loop. What has the world's greatest done over the same time period aside from endless, fruitless talking while enriching himself?!!
Its a great shame Theo that your beloved Horizonte wasn't as diligent as Pensana appears to be.
It appears that HZM shareholders are going to be wiped out.
Keen to hear from you, as a seasoned London analyst, how you missed the Capex blowout which i hear is now heading towards US$1 billion!!
Theo - Back to your mischievous ways as usual , No need to worry about Pensana operating funds for at least the next 18 months , As PRE has full support from major shareholders , One would think you would be more concerned in retrieving your funds from the resent debilitating events over at HZM , Guess you can put that one down to just bad luck on your part.
M&G, which is one of the UK’s leading investment institutions and Fundo Soberano de Angola
(“FSDEA”), which is the Angolan Sovereign Wealth Fund, remain strongly supportive of the Company and its business plan and have each requested and been granted the right to participate in any future equity or other fund raising undertaken by the Company on a pro rata basis for the next two years.
https://pensana.co.uk/wp-content/uploads/2023/04/RNS-Issue-of-Shares-to-M-G-and-FSDEA-_28-April-2023.pdf
China old boy, I wondered where you had got to! Did you know that there is one 18 hole course in Israel? I was going to Google it but decided just to ask my Shylock masters (where on earth do you find this rcap?!). I can see that darling Paul is still leading you and your Alkemy chums a merry dance. Jam tomorrow or tomorrow, did I say tomorrow? As he picks up his $50k a month. Due diligence of course. A very lengthy process. So January is the date now when the plug and play $200m Longonjo will be funded and unleashed. Or could it be February? Or March? 2024? Or 2025? There’s a lot of pigs at the trough now, guess cash will be a problem soon, how many $10 millions do the Angolans have??
Probably burying Kawsai Kwarteng in the ground he broke.
It looked like some Heras fencing was delivered when I went past on Wednesday and then there was work going on on Thursday. Feeling optimistic.
Saltend - great to welcome somebody with eyes-on in the real world.
Thanks for your post.
Please tell me they weren't carting stuff OFF site were they?
Only joking.
Or maybe its Pensana Groundhog day...
Still here SmartPunter - i see you are breathlessly ramping Rainbow again today and yet still find time to post here.
You have mentioned the fact that your Chairman Zero is bailing out just as concerns grow about the viability of the K Tech process.
Good to see some construction workers on the Saltend site this week.
This?
Iluka Resources revealed on Friday that Western Australia’s Eneabba refinery was now expected to cost somewhere between $1.5 billion and $1.8 billion and would produce its first separated rare earth oxides in 2026 rather than 2025.
The cost of the project was originally forecast to be between $1 billion and $1.2 billion when Iluka took a final investment decision in April 2022.
Well looks like Iluka has brought reality back ,,, They are called Rare Earths for a reason. Found everywhere but rarely commercial. Get busy tampers. Polish this one
The sales by the Rainbow Chairman are posted on the RBW site. He was also Chair/Director of Petra, Chariot and a bauxite play all of which wiped out shareholders with the going to zero (or close to..).
He had already bailed out of his shares prior to the stock tanking.
Is the same thing happening with RBW?
I have absolutely no idea why SmartPunter feels the need to post so frequently on the PRE board. When i look at his posts on the RBW board he is a relentless ramper. (he is currently defending the fact that RBW's much promoted K Tech is failing to deliver).
Who is that? If what you are saying us true then just state their name.
It's quite funny how sp winds you up. Comments on these boards makes zero difference to you stock value if you believe in the investment case
And this morning 5% up. Yesterday was obviously someone close if out a position. Doesn't take much to move this SP one way or the other.