Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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I have never read so much utter rubbish in my life as the content on this forum, almost exclusively from the regulars. You all need to get some real life hobbies/interests other than this stock that has 2 possible roads. Obtain financing and move forward or not obtain financing and its over. Many of you also seriously over rate your importance to the world in believing that your comments here actually impact the share price! Please spare me. Over and out for good.
Good luck with finding anyone to sue. its been up on here once, and twice on RBW board, and you have JUST read it. give me a break.
Just read that post. It's liablous. AS a matter of record the chairman has not changed beneficial ownership his shares and its recorded on the stock exchange, RBW documentation etc.
Lessee, please replace Will with I, you sure as hell aren't doing it on my behalf
As SmartPunter continues to post on the PRE site as promised we will elaborate on the reasons why we think RBW is a screaming short and going to Zero.
1. Chairman Zero. Shareholders in each of Petra Diamonds, Chariot oil and gas and the unlisted Alufer have been wiped out - but not Chairman Zero.
In December 2019 Chairman Pouroulis resigned from the Board of Petra and sold his 12 million shares for $40 million (?) - shortly before the stock tanked and the rest of the shareholders were wiped out!
Chairman Zero is currently transferring his shareholding out of RBW and the question is what does he know and why is he selling?
Will be interesting to see his next move. Will Sanlan disclose the sale of his shares? When will he resign? What has Berenberg said about his track record?
Awaiting SmartPunter's next post on the PRE Board for our next instalment...
Apparently January is the latest date for financing to be concluded.
China old boy, I have to give it to you, you never cease to entertain me! I had a pleasant lunch at the OBH Cottesloe and believe this I have rustled up a few more dollars and am off to King Island tomorrow. Given that you know everything can you tell me what you think the capital costs of Longonjo are going to be? Do you buy the $200m figure? And when do you think finance will be finalised? The sp seems to be telling us that just isn't going to happen.
Thanks Sundrum
Lewis fyi:
The 4.5 kilometre road linking the site to the Benguela railway line has been upgraded. The enhanced
road features include an improved roadbed substructure, a redefined road profile and rapid drainage
systems.
Serving as the primary route for inbound materials during construction and later for reagent import and
the export of Mixed Rare Earth Carbonate in containers, the road connects the mine to the Longonjo
station for rail access to the port of Lobito for shipping.
The Benguela railway line is part of the Lobito corridor undergoing a US$550 million investment from
the US Government. The investment aims to secure critical minerals across central Africa to be
exported via the port of Lobito and is anticipated to become one of Africa’s most important rail
transport systems.
Here you go Tony - https://www.linkedin.com/posts/rvy-ltd_rareearths-energytransition-evs-activity-7148255138237857795-KNL3?utm_source=share&utm_medium=member_desktop
Nope - just churlish Lewis.
The description is very clear - its a rehabilitated road linking the mine site to the railway line and most definitely not 'mud' as you describe it.
Depends how sensitive you are. I agree with Tony. More pictures would have been good and needed to understand how much can/can't be done with 15 mill bridging loan.
Why not update on finance progress at the same time? As stated previously, still feels some way off.
A little churlish Lewis?
Its a rehabilitated road in Angola connecting the mine site to the rail line.
Tony, there was a picture (of some mud) on the official email update.
Unfortunately not thus far but not a brilliant day on the market anyway. I was hoping to see the 23p handle. The work completed was essential. Would be nice if someone posted photographs which can say a 1000 words.
Interesting to see if the pre-work generates a positive rally.
As Smartpunter continues to post on the PRE site as promised we will elaborate on the reasons why we think RBW is a short and going to Zero.
1. Chairman Zero. Shareholders in each of Petra Diamonds, Chariot oil and gas and the unlisted Alufer have been wiped out - but not Chairman Zero.
In December 2019 Chairman Pouroulis resigned from the Board of Petra and sold his 12 million shares for $40 million (?) - shortly before the stock tanked and the rest of the shareholders were wiped out!
Chairman Zero is currently transferring his shareholding out of RBW and the question is what does he know and why is he selling?
Will be interesting to see his next move. Will Sanlan disclose the sale of his shares? When will he resign? What has Berenberg said about his track record?
Awaiting Smartpunter's next post on the PRE Board for our next instalment.
bat****.
the this month, next month, definitely before the end of the year, oops, next march ,maybe, will be the second anniversary of the start of the build. or has saltend been abandoned?
hard to tell with the silence from pre
Theologist, I see that you Reservists are finally back from Gaza are they just on R&R, or are they now waiting for your Messiah to pluck up enough courage to move into the West Bank, Somebody should remember to add his name to the list of War criminals that South Africa are pursuing ~ no more Diamonds for Joe there.
Now regarding Iluka, I had up till this point given you the benefit of doubt; but clearly you know about as much about Rare Earth processing as the Village Idiot ! Extracting residue elements from a Waste dump is far more complicated than mining Primary ore, as RBW are currently finding out in SA.. they can't even get their filters to work at a production rate of 3kg/day, so can you imagine the size / cost and operating requirements for a 15 ton a day unit.
And don't forget the Radionuclides that you and Dumbo were so keen to bash Pensana about, Those Iluka dumps are already HOT, so I can't imagine what they will need to do to contain the metallic residues coming off their concentrator filters, perhaps that is why the Oz Government has invested so much $ here, AUKUS is going to need fuel for those subs.
Anyhow, back to the Western (actually Eastern) front for you, maybe next time you are invited to Barnbougle you will pay your own green fees !
Theorist - what a waste of time posting that - what a load of drivel
Well Mumbles, it looks like M & G have made a mistake then. So they pumped their millions into Pensana because they thought that a refinery would be built in Saltend? Really? Might have been an idea to wait and see if Pensana had something to refine first. And if Pensana cannot finance a mine how are they going to finance a refinery? The Pensana RNS in October 2022 stated this:
Wood has finalised the Process Design, optimised the Site Layout Plan and has increased its multi-discipline engineering team to 65 people which is implementing the long lead time packages including:
· FRP Settlers
· Agitators (Mixer Pumpers)
· FRP Tanks
· Bagging Units
· Scrubbers
Wood has mobilised its early construction management team and appointed the early enabling works contracts for site preparation, pioneering facilities, security and the third party works by Yorkshire Water.
Over-the-fence service packages being supplied by px Engineering which include tie-ins to power, water, steam, compressed air and effluent are underway.
So Mumbles, 15 months on, how is the team of 65 people doing? Are all these works complete? How much has now been spent on Saltend now? What is the "early construction management team" up to? Or was Pensana rather gilding the lily?? In April 2023 Pensana stated that the capital costs of the Saltend refinery would be $195m. Iluka reckon theirs will cost north of a billion. Pensana boasts that Saltend will be the third largest rare earths refinery in the world. Really? HZM are adjusting to the harsh realities of the cost of developing a mine in a location in some senses comparable to Pensana's. Yet the Pensana mine just gets cheaper. Or does it? What do you really think?
Theorist i cant see what Iluka's problems with capital costs in Australia have go to do with Saltend and with due respect it is complete nonsense to suggest that there has been no cost review at Longonjo for the US$200 million capex.
To the contrary it appears to me that unlike Horizonte (and perhaps Iluka) PRE has undertaken a detailed re-engineering of the project and is looking to have it signed off by independent experts ahead of the financing.
Yes agreed it is taking an absolute age but as an experienced analyst i think you would much prefer the delay than where Horizonte has ended up.
[i will ignore your suggestion that Saltend is no more than a sleight of hand to entice Government money and refer you to Mumbles' comments.. ]
Post all reading Theorists post, Saltend hasnt been abandoned. its still very much a major part of the project. M&G have categorically emphasised that they are supporting the project because of the emphasis on the UK part of the project. it has been stated that the portfolio that PRE forms part of, requires UK ownership and operations