Member Info for Carribean2029

Hi Dibs and DTM,
Hence why I’m being strict on my entry price....intestines going runny....
it’s coming. I’m sat down running through the geo at Wudinna in between a glass of Islay single malt and plastering my bathroom....ready for news, but passing the time with some karma

Hi Dan and AO
Firstly, Dan... thanks, I wasn’t sure, but I was playing a bit dumb, so perhaps Craig will answer me with an explanation, which is always appreciated; he’s top quality like that. And yes, I may get my top up....but Alwaysone, if you manage to get the very few shares available at 2.5, and I miss out, you know I’ll be taking a p£ss in the sea next time I’m in Christchurch. ;-)))

Have emailed CM in respect of 50% stake imminence and also as to wether his award of shares on 4th November put us in a closed period, as he interprets it...a wee nudge

Morning,
Probably more warrants being converted and pooey bum time for some. May just get to see my 2.51 target for buy

Hi Richy and Wraith,
I’ll attest that you’re not bearish on this; there’s a growing number on here whom have staked a few quid, you guys included whom have been in a long while.
Whilst mcap has grown, through issuance, the story here is unchanged. We have cash in the bank, a qtr decent Jorc and a significant drilling campaign that is only 67% complete at this juncture. We are about to break 50% ownership. All reasons for our current mcap.
It’s right to be uncertain and I share it with you Rich, but like wraith, I’ll take the hit and buy more. It’s the way.
No-one other than CM and the lab know where we stand right now, and it feels a bit like p@sing in a tornado...you should be fine as long as you can create enough pressure and the wind doesn’t shift.
Naturally, we are all hoping for great results, and naturally there will be early exits....let’s hope the results are just conclusive and that will be that.
Good luck to all

Hey Dan,
I’m your 30’s!!!? How come you didn’t say late 30’s?? I’ve seen your picture and you’re lucky I didn’t guess there was a 5 at the front ;-))

Hi Michael,
I'm not sure about William Hill, but I reckon you could try asking Craig Moulton.
Take care
Caribs

It's certainly beginning to build Brig. News/update expected soon, surely, on the financing for NJOM-3 seeing as the shard facility and other arrangements only had a 6 month life. We are nearly half way through this, and Christmas will get in the way, so I imagine JA will want to get this squirreled away before then.

you got an eye on one of their elderly care apartments? ;-)))

Hi Dan,
I know. Sat at home today - not working at the beach in this weather! I've had my order in twice in two days. I'm at 2 million+ here already and I am being very strict with my entry price. looks like I won't get what I want. I'll be happy with what news brings, given that we are still only just about to get underway in this journey. Can't see it going backwards now, although hopefully, someone will lose their nerve in the next day or two and get a pooey bum

Ran out of space....
Risk 6. There's all the operational risks too, alongside Geo-Political etc. These are all Bridges to cross as and when, many of which are mitigated already. Angola is hardly going to be putting a massive chunk of it's cash at risk in the markets and then shoot itself in the foot?

I'm not disagreeing with all you have written, but I do see the more pressing issue in that EV's, Turbines, technology advancements are all going to need and want NDPR and other Rare Earths. This is a business which is lining itself up to be the preferred supplier of every business with a conscience in the EU which uses NDPR, and the list is growing and growing.
Lots of risks, as you state, and some of which I see to varying extents, but I think, on balance, that this business has some pretty bright months and years ahead, as long as they mitigate the risks.....of course!
All my own opinion, of course

Hi Tony,
Thank you so much for your reply; I always am grateful when someone makes the effort, so thanks for that.
Do you mind if I challenge you on a couple of points?
In the late October RNS, you can see from the cashflow report that they have a burn rate of about £2m a qtr. They needed to demonstrate that they are a going concern/viable and in doing so recognised that they only had one qtr of cash left.....but this was at the end of September which is the Q3 end date. Hence they conclude only 1qtr of cash remaining. But, post qtr end, on 6th October a further year of cashflow was achieved through the placing.....it was after the qtr 3 end, so could not be retrospectively included in the cashflow report for said qtr. This is my understanding. So financially, I think PRE is de-risked a little more than you might have concluded, but if I'm wrong, please point me in the right direction. I only learn from my own mistakes and I need folk to help me sometimes.
Risk 1. Boris is a berk. He has not done himself any favours in the last twelve months. This is a regional opportunity for places listed in the RNS.....I don't doubt that the local planners and economic partnerships will be competing for such a factory. Rate relief, capital allowances and simplified planning to mention but a few, but there will be local politicos wanting to see job creation in their local areas. I don't see how Boris has any influence over this at all. He is merely a mouthpiece in this respect and has limited opportunity to get involved in a commercial entity wishing to build a factory.
Risk 2. Brexit. Tariffs at WTO rates? hardly crippling. Plus, as a potential supplier to Europe, this is their tariff problem, not ours. It also makes domestic production and sales attractive if based in UK. I think WTO tariffs will not be the end of the world, just like VAT isn't. We get used to things......that's even if WTO applies.
Risk 3. Well, they are not actually building anything.....they are, as I recall, contracting the turnkey mine in Angola to our friends the chinese. Wood are at this time, investigating. But, you are right, if they were to begin building both at the same time, I would argue that this could generate some opportunities for screw-ups. I'd argue a third party in the UK should become a contract partner/owner outside of PRE, which provides opportunity for innovation and a more customer -focussed approach. After all, we are miners [aspiration], not manufacturers or even sub-assembly manufacturers. I think it requires a broader degree of expertise than is inherent within PRE at this time. Agree with this risk.
Risk 4. I don't see that PRE will actually build out and operate the UK side of the operations. I imagine a customer who upstreams may see and take on the opportunity.
Risk 5. Welcome to the Devaluation ride.....inflation here we come....everyone is in debt. they are smashing digital cash all over the ball park, in every currency.....daft ain't it.

Thanks for the top-up opportunity folks.
Patience will get the better of most people, and here it's no different. But, with a Gold mine in production in about 16 months from now, yielding $24m turnover, what's not to like? Oh I guess you might not like Gold Ridge, Sunswept Energy or the bigger plans afoot?
The daft thing is that LVG is only valued at £6m in transactional terms, but the real value of the mine is around £20m. Sure, there will be "dilution" in shares in issue, but that's really immaterial as the company transitions into an income generator. No longer sat on the bench, but on the field scoring goals.
All my thoughts and opinion. DYOR.
Caribs

Hi TTony,
Help me out here, genuinely. Where’s the high risk come from, specifically? I see the project(s) as having their own inherent risks, but I’m failing to see them as high, and integrated together, they make more sense to the end users (ev and turbine manufacturers) and makes PRE even more attractive. Granted, there’s a cash burn, but they raised £8m just after end of q3 with £2m in the bank at the end of q3. Have I missed something (genuinely) here?
Thoughts appreciated
Caribs

Ssssshhhhhh. :-))

Forgive me for joining in here. For the record, I've been invested here since 21p.

The processing plant that the Wood Group are investigating is downstream of the MREcarbonate. The MREC produced by the mine is a refined raw material, but not factory ready. Thus, it gets shipped closer to the end user(s) for final refinement. This is an "ADDITION" to PRE, not a shift in direction. It's vertical diversification. They have recognised that the market in the UK and Europe is going to be as important as the Chinese/US markets, if not more so.
They have not indicated any shift away from their intention to use Chinese know-how and cash to build the processing facility at Longjogo, but have merely seen the opportunity to sell their product into the UK. This is actually more akin to their long term strategy. Having competing and diverse markets for your product sounds like a 3 legged stool to me, rather than a pogo-stick.....(If you are old enough, you will remember these).
This is a company that responds to the environment it operates it....and adapts. I'm pretty sure that's a positive, but if you think adapting to a rapidly growing market place, through vertical and geographical market diversification is bad, then I'll happily be proven wrong.
Caribs

Hi Leep,
Yes, in short. I would argue that buying a placing through a broker can be a little more expensive, to be honest. Commission tends to run as a % of trade, so a £20,000 investment can cost around £600 on top of that. Nevertheless, there may be other benefits, as alluded to by DTM i.e. warrants.
Caribs

Merci Monsieur Renard (fans of Wayne’s world will get this). Yes, I noticed you’ve been in a long time Dan. Seeing deals on broker desks all those years huh, and you knew when you saw a good ‘un come across your desk. Bit like a Chorley FM DJ.
I will put in a cheeky one, and heck, the late trade this evening shows there’s reconciliation required at end of day, but I doubt I’ll get in below 2.6 now, not f it d another million. But my fellow trustee expects....so we can but try!
I’ll check out Indiana Resources. Thank you for the flag. Incidentally, I have pushed back into Cora Gold at this price. Ignore the company....it’ll do fine and dandy....the CEO, however, has class and gravitas and honesty and that will carry Cora, IMO.
Night all

Hi Dan,
Nope. I put in at 2.51. I did say it was cheeky! Plenty of folk out there buying higher and there’s short supply, it would seem. Which bodes incredibly well, particularly if the warrants aren’t exercised by 30th, which I’ll be surprised if not! Did you exercise yours (if you’re permitted to disclose, of course)!?
I’ll put in another limit order tomorrow for a million, but I’m not fussed if it don’t convert, as it shows the strength here and it’s still so completely off the radar. I won’t be able to say that for long, so I’m going to relish when I can ;-).

Let’s hope so Dibs!
I put my cheeky offer in, but she’s holding up! Frankly I’m entirely comfortable with this progress. I’m (guessing) we will see 2 RNS in one day and I’ll be gutted not to have made a less cheeky offer. Either way, I’m sooooo here for the long haul...

On other matters; expectations for oil recovery on the way. All natural resources, with a decent load in the ground will begin to see rises. But you can’t beat gold for its lustre.
Good luck everyone