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Earthworks and civil works are just different phases of a construction project and subject to the same engineering as any other stage of the project. As the engineering has only just been completed, the earthworks can't have started before hand. The previous comment clearly referred to earthworks in respect of the construction camp. The civil works involve pouring concrete driving piles. This can't be done until the earthworks are done. For me there is no ambiguity or open to Interpretation.
Now at $2040!
Earthworks is pert of the construction phase. Presentation has construction starting in December (assuming both the 6 months duration and May completion for Earthworks are correct)
That’s a big assumption to make ?
Also isn’t earthworks part of the construction phase ?
Impossible to do the rest without the earthworks being done ? Which is being done now and continuing in Q1 24 -
Not quiet in Longonjo SP - busy, busy busy:
https://www.miningweekly.com/article/angolan-rare-earth-project-construction-progressing-2023-11-24
Busy doing nothing - apparently not....
Mumbles, at least you are consistent.
Calculate, its Friday, everything is dead.
Calculating. Until news on financing comes through nothing is happening.
On the plus side no reason to sell, and every reason to hold. If the RNS are accepted at face value. the DD (both commercial and technical) will be signed off and "REPORTED ON" before the year end.
23/11/23
The minister highlighted that the feasibility studies confirm a high potential to boost the economy, making it imperative to publicize them so that potential investors are aware of them, as these are important minerals at an international level.
Projects such as copper exploration underway in the province of Uíge, niobium in Quilengues, province of Huíla, as well as the exploration of minerals containing rare earth elements in Longonjo, province of Huambo, were mentioned by the portfolio holder.
For two days, the event includes round tables on 'Angola's vision for sustainable development in the mineral resources sector', 'Perspectives of mining prospecting in the face of technological modernization sponsored by Ozango', 'Development of a workforce for excellence ', 'Diversity and economic growth and challenges of the international diamond market'. MAG/DOJ
Over two hours of trading and not a single buy or sell. This must be some sort of record.
I guess we are all waiting patiently for news from South Africa.
Are Earther, Essentially 100% capital allowances, ie not added to the balance sheet. ie 250 million * 25% = $62.5 million of tax credits!!!, certainty assists big time when considering the affordability of any debt repayments
Lewis
Fair enough.
Tony
I regard it as really bad form to leave a stock and then write back on that stock as a down ramper. It is something I tried hard never to do. It is really disappointing when someone who is thought to be not like that chooses to use message boards in that kind of way.
Hi Lewis, other than giving comfort to investors a good track record is not a prerequisite, I'm not saying a bad one is acceptable. But absolutely correct that good management is essential. I also agree that HZM could have contributed, but think it's more likely due to the lack of liquidity on Pensana stock. I posted the following on another forum.
Somebody needed to exit, ie needed the cash. There was a 100k purchase at 31.6p at 0930, then consistent selling down to 28p between 1115 and 1415. In total it took 90,000 shares over 10 trades until the price hit 28p. Average price achieved 29.5p. Not saying this is the case, just that it doesn’t need to be any conspiracy. Only took £26,000 to lower the market cap by £10 million pounds. The stock is so tightly held, if you want out, you are going to have to pay, converse is true, 100k buyer paid 31.6p the same day.
What nonsense Lewis.
You have no idea whatsoever why the stock fell yesterday.
Yet we have another 10%+ drop in the SP overnight. Very typical PRE!!!
The podcast was recorded simultaneously with the last RNS Update on Finance for the
https://www.digdeeptheminingpodcast.com/
Update on Finance for the Longonjo and Saltend Projects
https://www.londonstockexchange.com/news-article/PRE/update-on-finance-for-the-longonjo-and-saltend-projects/16189024
Simply Wall st have started to take an interest in PRE as the share price slowly recovers. Fair comment re: institutional investors confidence (and power), warning signs are nothing new, but they got the message that PA's recent buys signals positive move:
https://simplywall.st/stocks/gb/materials/lse-pre/pensana-shares/news/pensana-plc-lonpre-institutional-owners-may-be-pleased-with-1
Further tightening of Rare earth controls by China......................
Further tightening of Rare earth controls by China......................
Lewis that's all a bit sad really isn't it?
You don't hold this stock and yet you follow it so you can you snipe and whine about whatever progress the company makes?
Follows on from Chinese restrictions on Gallium and Germanium exports. What is next?
Relates to graphite but as night follows day.
https://www.zerohedge.com/technology/chinas-strategic-export-control-upends-rare-earth-markets
Lewis you are not a holder so why are you bothering following the company if it is so wearisome for you?
Dumbo, You still either, still do not understand how the mining industry operates or you choose to be selective in the data you post while ignoring the overall picture. The reason MP has made a loss this quarter is that they are currently spending a huge amount of money on stripping waste to expand their pit so that they can glory hole a seam of rich RE's next year ~
Mumbles, the broker should have produced a target price but probably didn't because of a lack of information.
However there are several MREC producers to guide us. Most are going to export to China, one setup a deal recently