If you would like to ask our webinar guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund a question please submit them here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Theo having read the report do you stand by your opinion that TMC's report is childishly unprofessional, that the project is nonsense and that it will never be financed?
I read the report
Move along Lewis.
You have issues. You need to broaden your scope of understanding.
Feel free to post on rainbow board, it's a public forum.
Do you really think anything you say will sway an investor? If you think anything I say on here does, you're deluded.
Keep going Lewis and i will do some digging on the risks your beloved RBW faces and we can have the discussion on the RBW board.
Suggest you move on from here.
It highlights quite clearly that finance isn't the end of risk.
Might take your advice and invest in HZM according to you that was a sure thing wasn’t it?
Not bothered to read your 'invitation', aka unhinged rant.
Theo that's a big call. You are calling TMC's report childishly unprofessional, the project nonsense and that it will never be financed. You are of course entitled to your opinion. As i understand it you are an experienced analyst (and leaving aside your grudge with PA for a moment ) you obviously have some expert knowledge in the sector. Would you care to expand on how you have arrived at this point of view?
Talking to a brick wall.
The more I look at this report the more I realise how stunningly naive the board of this company is. It’s almost childish it is so so unprofessional. Nobody would read this report and buy or hold Pensana shares, you’d just want to get the blank out of there as far as possible. What must M & G think? They’re meant to be professionals. How on earth did sane heads get caught up in this caper? This project will never be financed, the shares have already started their drift back to hope value alone, the 15 to 20p zone.
Lewis my suggestion to you is that if you broke even on PRE well done. Let it go. Move on. Hopefully RBW will come good for you.
Indulging in churlish schadenfreude on this board will just provoke a reaction from others.
I've never ramped rainbow on this board.
I have also earned the right (not that I need to for a public forum) to post freely on Pensana.
It's a toxic pro-blinkered-group that are so deep into pensanas managemnt rhetoric that any non "Isn't the company great" attitude is branded, tarred and feathered.
I managed to leave with a breakeven but even when I held stock I was berated on a weekly basis as I questioned progress and the management team despite the drop in sp ftom £2 to 15p.
I do watch with interest today but unfortunately I don't see much has changed. So much so that now,even if they get finance nailed it is just the start of the journey and the risks extremely high to deliver to time and budget.
One pivotal moment for me was the going concern announcement that dropped it from 60p to 15p. It absolutely tells you all you need to know about the current management team.
Deliver something and I will revise my thought position.
Chinasyndrome is that you?
Or is insanity infectious?
Because Lewis, like Smartpunter, you endless ramp RBW on its board and yet despite holding no shares in PRE you negatively post on this Board. Why you both feel the need to do so is beyond me. I f RBW is as good as you say it is then good luck to you both, I cant see why you feel the need to post here. As explained earlier if Smartpunter continues to post negatively about PRE on this board then i shall respond in kind on the RBW board.
You're the one who mentioned rainbow and then complain about rainbow being mentioned.
Padded cell anyone?
Yes i did Theo.
The RNS is worth a read and it appears that TMC's report was well received by its intended audience ABSA et al.
You call the project 'nonsense'. By contrast TMC undertakes a comprehensive review and reports that:
TMC is of the opinion that the level of work undertaken for the project schedule and plan of execution is commensurate with the requirements of a BFS and the work undertaken is comprehensive and will be the basis for a potential successful project execution.
chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/https://pensana.co.uk/wp-content/uploads/2024/01/2024-24-01-Technical-due-diligence-report-on-Longonjo.pdf
My invitation stands Smartpunter.
If you post on here i will post my views on the RBW Board.
DP/SP, I fully support your statement on this
Oh so you thought the “no fatal flaws” report was encouraging??! Never seen that language in a professional report before.
You seem fine posting about RBW on this forum so I don't see what your problem is.
Smartpunter why are you posting here again?
Can i suggest that you go back to pumping RBW on the RBW Board?
Otherwise i will respond by posting on the RBW Board and point why i was was right to call out RBW as a short and question the share sales by Chairman Zero.
Next raise at 5 pence per share?
Your call.
The losses are relevant as they have to be remade with profits before dividends can be paid. If the plant is only making $20m profit it will take years before a dividend can be paid.
Dumbo - Remind me. How many pre-revenue rare earth companies are in profit?
60m loss in the accounts, plus about $20m on the bridge loan.