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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.
Why not talk RBW on the RBW board?
Lessee - Let him find out the hard way, RBW toxic waste dump with unproven technology at scale, they are waiting for their first 350 kgs mixed rare earth sulphate thru their pilot plant to the back end in Florida with the results well overdue, give you a little clue, will be somewhere in between dismal and disastrous.
Not correct SmartPunter.
As pointed out below Chairman Zero has been transferring his holdings to Sanlan over the past 6 months.
The question for you is - why?
He and George have just increased their shareholding, as has been documented.
Why would they sell up?
The MRES (Mixed Rare Earth Sulphate) has been proven in the pilot plat and has 60% pay-ability at a cost at a proportionate cost of of the final oxide production cost ($31/kg).
The project is de-risked.
Funding on a project basis, over 50% of the equity (40:60) share of the project cost ($295m) has already been provided by the DFC and a promise to take part in the bond by the DFC .
There may well be no more dilution from further raises (which have all been at a premium to the current share price).
None of this is reflected in the current share price, other than its stability (its up 40% on YTD, but not overpriced even for the MRES scenario)
SmartPunter he is worth $150 million despite the companies he founded going "tits up" as you so delicately put it.
This wealth creation suggests that he has form in baling out of companies before they go "tits up" which could be what is happening with RBW now?
He founded Petra diamonds which was worth multiple billions for a decade.
No idea why he quit and the company sp went tits up.
The mines were producing the biggest diamonds in the world, maybe they gave run dry, multiplecwarning that diamond production was down.
It's got naff all to do with RBW, he's registered as owning 14% plus two other companies, his net worth is $150m +
George and his team have built over 20 mines and processing projects, including a REE mine. More relevant.
Interesting summary SmartPunter.
So how many of these Companies ( Petra, Chariot, Alufer ... RBW??) have collapsed and gone to Zero?
Did Chairman Zero sell/transfer his shares before each of the crashes?
Https://www.marketscreener.com/business-leaders/Adonis-Pouroulis-06578L-E/biography/#:~:text=Summary,Chairman%20for%20Alufer%20Mining%20Ltd.
Lessee, if you could write Plain English instead of gibberish I might bother to reply.
Mortgaged ?
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?