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Highly predictable AS, the hole purpose of your comments is to demonstrate your inferior intelligence by down-ramping after the event, how sad your life must be ! But I guess you are only trying to impress the Village Idiot with your hindsight. Why don't you should follow Dumbo's recommendations on RBW, I guarantee they will not disappoint your need to have a whinge !
At least the Theologist had an agenda, no matter how perverse his Shylock masters final solution may be ! I do hope that he survives the Pogrom while scouting out locations for a Golf course on the West Bank.
The the SP drops about 8% - more fluff from the king of fluff comments!
Smartpunter what amazes me is the time and effort you put into negatively posting on PRE whilst simultaneously endlessly ramping Rainbow ( whilst Chairman Zero unloads more stock..).
What is it about Pensana that troubles you so much? Is it that you know that Chairman Zero is right and that Rainbow will go the way of Chariot, Petra and the bauxite play - all of which went to Zero?
What i find perfectly acceptable is a BB for invested holders to share information, Not a delusional negative downramper persisting over many years with alterative agenda to post there preferred stock choice , That is downright deplorable to say the least.
None of your business, GL.
It's amazing that uou think that it's perfectly acceptable for shareholders to ramp shares without challenge.
Peter Dumb aka Smartpunter/Dumbpunter.
Your negative posting on PRE were you hold no financial gain is of no interest to this BB , Yet you keep on posting , Are you really that bored and disillusioned with your investments you need to find attention elsewhere , One would suggest , if you put in the same effort were you are invested you might gain some positive feedback and outcomes for your contributions.
Lessee
You have no idea about the critical financial figures of a company you are invested in?
Ok.
Trying to guess the price of a commodity in 2 years time is trivial - given so many factors will determine this - as we know the Chinese are keeping all these prices artificially low anyway -
Haha what nonsense!
Please do share with us why after all the breathless ramping of Rainbow why Chairman Zero is now baling out of the stock? And why does Pensana's progress bother you so much?
The content is determined by the price.
The price of production and sale income, plus tpa is there.
SmartPunter this is complete nonsense.
There is absolutely nothing in the AGM presentation about the MREC content.
The pricing(s) reported are the Adamas and Investment Bank forecasts.
Still don't understand why you are bothering to post here. Why are you so concerned about Pensana? Is it because you are concerned that Pensana will get funded and your Rainbow fantasy will start to fade?
From the company presentation it would indicate its standard 40% MREC. 20% OF TREO being NdPr.
Only the Chinese have REE standard.
The presentation indicates a $7500/ton in two years which is 50% above today's price.
Pensana a rare investment opportunity to gain direct exposure to the biggest energy transition in history
Chairman Paul Atherley highlighted the progress the company is making in financing one of the world’s largest undeveloped rare earth mines; one of only three with a JORC Reserve greater than 100,000 tonnes of NdPr.
Longonjo will support the demand growth for magnet metal NdPr estimated at 7.5% CAGR over the next decade from EVs and Wind Turbines.
The Longonjo financing is being worked on by FSDEA, ABSA and African multilateral agencies for the revised upfront US$200 million capital requirement.
Once in full production, following the proposed US$100 million expansion in year three, Longonjo will produce ~5% of the world production of NdPr.
The initial Longonjo development supports the fully permitted US$250 million downstream separation facility at the Saltend Chemicals Park in the Humber Freeport.
Paul Atherley, Pensana Chairman, commented: “The team has made great progress with the re-engineering of Longonjo to an upfront capex of US$200 million, achieving one of the lowest capital costs for a rare earth project globally, which puts us in a strong position to be able to announce the funding arrangements towards the end of January.”
There are modifications to the plant at both Saltend and Longonjo. I know that doesn't answer your question definitively. but reasonable assumptions can be made from that.
Mumbles
The arrangement with the Japanese off taker. Do you know if the off take Angolan mined ore was to the grade that would have been delivered to Saltend but as a carbonate instead of sulphate. Thanks Tony
THEO, WELCOME BACK WE MISSED YOU. THANK YOU FOR REPOSTING, BECAUSE THAT IS STILL VALID
Pensana are not struggling to get finance for the mine, they are totally within the schedule advised. They didn’t even start discussions seriously until the beginning of August. The ground work and majority of the data required for financing would have been available long before then, (before the business plan was published and certainly before the capital raise). Just because it isnt in the public domain, doesnt mean all the details required for financing Due Diligence is available. Who posted this and when?! Clue. It rhymes with Fumbles!
Ok, I'll take your word that it is correct.
It would be better if PRE published the info itself, don't you agree?
It's no longer an option. Funds explicitly provided.
https://www.lse.co.uk/rns/RBW/dfc-to-fund-proposed-50m-techmet-investment-asltluv9qb4hve7.html
My apologies DP, it has moved, it is down 2.5%
Todays post on RBW and Techmet, "TechMet, which is backed by the DFC, will take out an option to acquire a direct equity stake in Phalaborwa, where Rainbow is processing gypsum from dumps to produce some of the most important rare earth metals.", This is an Option!!!!!, and you are saying it is comfired funding, yet the SP hasn't moved..... get your own facts right before casting aspersions on others
It would help if you were very careful what you say. i was there and have a transcript of the proceedings. I have no problem using my real name as I do elsewhere. i authorised it from my own notes.
You are spreading false information/rumour /nsider information.
Its should come from the company, if it is true why are they not publishing it? Who authorised you to post this here?
You do realise that what you are doing is criminal behaviour?
SP/DP, the only fact here is that your comments are irrelevant. i pass on information that is believed to be, and is correct at the time it is disseminated. What readers do with that information and how they use it to inform the decisions they make is entirely up to them. i have had to put up with you taking every opportunity to snipe at opinions on Pensana that are made on just about every platform you can find. even poisoning the Hive, which, until you started spouting, I saw as an interesting and well-curated platform. I could do an in-depth critique of the US investment in RBW that you pertain to and the potential dilution that it could entail which explains the lack of movement on the SP. but I don't, because I have no shareholding and consequently no interest. Although, unlike you, I wish all the shareholders well with their investment, As the growth potential for NdPr is expected to be 20KT a year by 2030, the green transition will need all the Ndpr they can get.
Lessee
The RBW management have increased their shareholding and the U S gov has advanced funding for 50+% of the project equity funding.
No sign of any ramping. Like this forum, it's dead quiet over there.