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60 odd percent of the asset is pensanas
Thanks Smartpunter so you are saying that the reason you post almost daily on the PRE board is because Chinaxxxx posts on the RBW board?
So if Chinaxxxx were to stop posting on the RBW board you would stop posting here?
lessee
as i've explained before, i came here after one of your posters put crap about pre in the rbw forum and discovered this forum and the inspirational china ****ginvg off rbw.
Lewis: Is £31k per month total BoD remuneration?
Not sure what you are referring to ref the financing Lewis. They stated that it’s being funded at the asset level ie not at the PRE level so no equity issuance at the PRE level.
I get that but still, if a financier is close and that figure was used, even if the stake as diluted it seems to be (60 odd percent) then it should be around 40p.
I think it's still way off. Was also shocked at recent salary revelations, even though I had interest previously without doing enough research.
31k a month for doing what exactly? I'm in the wrong game.
Smartpunter in the last 30 days you have posted nearly as many times on this board (23 x) as you have on the RBW board (28x).
A little obsessive don’t you think?
We know you are a big ramper of RBW but what I am sure no-one on this Board understands what is your obsession with PRE?
Smartpunter you haven’t answered the question - why are you posting on this board?
Lewis
You are misunderstanding the valuation, project financing valuation is based on the project NPV, there is no direct link between that and the SP (which is sentiment, at present), The comment about 60p was an illustration of the Project valuation in use for funding.
Lessee
Ionic Earth miner is commisioning their mine in Brazil
https://www.bnamericas.com/en/news/serra-verde-receives-operating-license-for-brazil-rare-earths-project
RBW have raised over 50% of their equity funding and a commitment for the bond part from the DFC.
Three hard rock projects failed/cancelled this year.
We shall see what the sps are and progress made this time next year.
Terms are also important, pre are valued at 60p yet languish at 20p. It doesn't add up if financing is close. Financing is also only the start of the journey. Lots of planets need to align and there are many bumps to expect.
Interesting either way.
Interesting point of view Lewis but not supported by the financiers in my view. The only RE projects being financed as far as i can see are the high grade hard rock deposits namely MP, Lynas, Hastings, possibly Arufura and (hopefully soon) Pensana. None of the ionic clays nor recycling nor RBW's technology play have so far been financed. Interesting that Peak looks like it will get financed by Shenghe. It appears that all the financier's money is on hard rock at this stage.
An informed opinion is what the BBs are for Lewis, and appreciated, certainly by me.
block him mumbles, to be fair cs has been ****ging off rbw from day one. bores me too as there is room for all and the more of these cos that have success the more the stranglehold will cease.
china however hold all cards at present for hard rock as the investment case currently isn't there in my opinion. if it was pensana would be commissioning this year.
i fear it will be another lost year for hard rock with alternates focusing on recycling and new tech approaches may have success or at least tread water until the environment changes.
just my view
DP/SP i have to a gree with Lessee that your interest in PRE is somewhat puzzling. Not just on this boar, but taking every opportunity to dump on Pensana with highly spurious comments anywhere you can, namely ADVFN and the HIVE. The reaction to RBW on this board is a natural human reaction to your consistent attacks, ie defense. Personally, i have no issues with RBW. I think the small cap Rare earth prospect collectively have some concerns. Largely brought about by the chinese manipulation, but individually they all have pro’s and con’s and frustrations for PI’s. But they are each navigating their own ways and being as transparent as possible about it. Ill admit i find your constant sniping on this board annoying, and closing Down of conversations on the Hive down right malicious. So what is your problem, because it isnt rational, without sone sort of explanation. I also accept your right to comment as you see fit, but other users of this platform already recognise that your comments are not Bourne out of any sense of altruism to PRE shareholders , and don't seem to be based on attempts at share price manipulation. So as i say, i am puzzled, in regard to your tactics on the Hive, I am f*cking annoyed.
Smartpunter My question is why are you here on this board?
You are relentlessly ramping RBW on the RBW board so I ask again what is it about PRE that bothers you so much??
Leesee
I'm only discussing RBW here because *you* persistently brought it up.
Correction 33% Pensana drop not 50%, need another coffee.
V-247 Vigilant rare earth content is not published, but the tilrotors probably use rare earth magnets. With talk of self driving cars of late, I question if the rare earth content in vehicles with no pilot as with v-247, is something that would get reduced and replaced with other technology when the payload is either people or kit as it would require a lot of safety testing to convince purchasers to a non-rare earth concept.
Both pensana and rainbow rare have gone down since the second week of November. The only difference is the percentage pullback on pensana is 50% and rainbow is 20%. Hopefully both will change course in 2024.
SP - RBW Results expected early in Q4 2023, So next week 3 months overdue, as I said results will be somewhere in between dismal and disastrous.
Very good question for SmartPunter.
Why are you posting here if RBW is so good?
What is it about PRE that bothers you so much?
>>results well overdue
Results due this quarter, so not over-due yet.
The mining sector has been dire this year, not much to talk about.
I am expecting (hoping) a boom at the start of the year, however. New year will get the investors out and things will perk up.
Because there is nothing to talk about with pre I am guessing?
At least rainbow have created some wealth in the last 12 months. You would have been a lot richer there than here.
Crazy spats between posters are amusing.