Pensana Share Price (PRE)

No comments about the massive below-bid 342K trade at 1:12pm today?

From our P3 trader of course ....

Analysis suggests that liquidity of PRE shares has collapsed at the current price range 89p to 92p. Algo trading at this level has nowhere to go, and genuine trading seems to have just about evaporated with all holders just waiting. Lack of news is preventing new entrants.

Effectively someone just "bought the book" to take all of the remaining float out of the market at 89p to 92p

So next week, either the algos try to resume play by raising the ante to where they might find some more sellers - about 94p-98p and it's business as usual.

Or someone knows something, and today they bowed out, because the price my be headed even higher - say 105p and upward, at which point the current SP manipulation gets much trickier and more difficult to conceal.

Mumbles your facts are wrong. We have received news. We have been told of a $150m investment, we have been told the mine is financed and we have been told it’s under construction. Ticklish problem is that these announcements don’t appear to be quite accurate. A minor detail you might say! Whilst I agree he is somewhat strident OscarGolf is absolutely spot on with his comments, which of course leads to personal abuse from the old suspects.

Pinochio Paul (pwlx), Yes, the half of the internet that is full of idiots like you!

From some stating the same fan boy crap. T, fortunately they are all on filter now, so im expecting to see a field of green filter banners, maybe some others will appreciate the perspective..i know i have interacted far more than any of the three usual suspects, so beleive i speak from a position of greater knowledge..... (cant wait for the reaction to that one)

Frustrating as hell, but in my six years of holding these shares andinteracting closely with the company, there is one thing I have learned: Pensana is, and tries very hard to be, fully compliant with market-sensitive news requirements.

If there were negative news that required disclosure, they know they would have to release it.

The fact is, we have received no news. Not good news. Not bad news. Just no news.

My own view is that this is for a reason.

However, in the present global context, I see no scenario in which this is not progressing other than as already disclosed in previous RNS.

We are approaching what is not so much a collision as an unintended alignment of policy. The U.S. says it does not want Chinese-controlled critical materials in its defence supply chain. China says it is increasingly unwilling to provide them anyway. The result is that the U.S. risks ending up on the worst side of the deal: legally committed to excluding Chinese supply, strategically committed to building domestic magnet capacity, but still without sufficient non-Chinese raw material to make that capacity meaningful.

This is where MOFCOM Announcements 61 and 62 from China’s Ministry of Commerce meet 10 U.S.C. § 4872 / DFARS 252.225-7052 — the U.S. restriction on the acquisition of certain magnets, tantalum and tungsten.

Add to that the conspicuous consumption of rare earth materials by the U.S. military over the last three months. USA Rare Earth, eVAC and Vulcan are all primed and ready to make magnets. The problem is that they do not have the raw materials — right now, zero, zilch, nada.

Lynas’ material is largely committed to Japan. MP Materials remains extremely limited at the moment. FOB prices ex-China are reportedly in excess of $150/kg for NdPr oxide — if customers can get it at all — while Dy and Tb exports are at historically low levels.

My experience of Paul Atherley and the board is that if there is no news, it is for a reason, and because they consider silence to be the right process for now — in the best interests of Pensana and, therefore, its shareholders.

All one can reasonably take away from this is that it is a pause. If it were anything more than a temporary and reasonably short pause, or if there were any material adverse development, the company would have to, and would disclose it.

OG is still the laughing stock of half the internet and doesn’t have a clue about the definition of material information :’)