Hi Tony; And Shenghe has a 19.5% stake in Arafura ~ just like Peak and Greenland minerals !
That 100,000 shares did not remain on the table for long ! whoever sold them must be kicking themselves.
Re: Texas/USA Rare Metals purchased Hitachi's US plant along with Patents for the process.
"This head start came with the 2020 purchase of neodymium-iron-boron permanent magnet manufacturing equipment that Hitachi Metals America briefly used at a facility in North Carolina about a decade ago. This is currently the only such sintered rare earths magnets manufacturing equipment in the western hemisphere, and it is to be installed at the Stillwater facility".
:https://www.metaltechnews.com/story/2022/06/15/tech-metals/its-ok-usa-rare-earth-plant-coming-soon/969.html
Not forgetting, Texas Rare Earths still has that unused Magnet factory in Nth Carolina that they bought off Hitachi before they realised their Roundtop mine site did not have much Nd Pr in it !
My appologies, Typo ~ it was supposed to be Pigsy as in Journey to the West. The rest was a tree shake.
Piggy, you may have a very thin point, but PA clearly states at 8:10 that Saltend has yet to be constructed so I would not worry about people assuming Pensana was already in operation.
What concerns me more is that YOU have never complained about the incessant FUD lies and innuendo that your mates and yourself continually spew out on this forum ! Why aren't you raising concerns about Chinas current rape and pillage of Myanmar ? Ask your boss, and while you are at it why not point out that Putin is now pushing "Self determination" for residents of a region, I wonder how that sits with his best mate Xi ? in Oz we call it White Anting !
Armless, You seem to be unduly happy that the current World economic crisis may also cause the demise of Pensana. I don't suppose for one minute that you have considered the collateral damage that this crisis is causing, People are already dying from economic driven starvation, and it will only get a lot worse unless the World decarbonises. Even your beloved Chicom buddies will not manage to dodge this bullet ~ how many of your own citizens are you prepared to sacrifice to feed your ego ?
In the final tally China has far more to loose than most, Famine, Floods, Oppressive regimes and Stupidity are the reoccurring curse of the Chinese people. Your boss at CGWIC might have his own plans to ride out the coming storm, but one thing I am certain of, is that he won't be providing for locker room boys anymore !
Sundrum, You also failed to alert readers to the Fact that Theorist is singing from the REO song-sheet, published most fortnights at the bidding of Chairman Xi. REO are funded through RE "Trading" operations, their "Trade" goods coming from a Chinese SOE owned entity. Now despite claiming to be a concerned RE investor, Theorist has never once commented on China's persecution of their Uighur minority, the Pollution Chinese RE miners are causing in their own Country or in Myanmar where their ILLEGAL operations are under the protection of the PLA. Not a very nice person and his Boss is even nastier !
What are you talking about Theo, the SP dropped just 4.62%, It is at the top of this page if you care to look.
Theo and appendage, I did not Realise that PA was now in Government ! Todays SP fall had nothing to do with Pensana but was solely down to the Budget. which you would know if you were not so fixated
Way below !
Hi Hogsnipe, I am not that sure that the older style Wind Turbines would have that much Rare Earth magnets in them ? Most of the ones that have a large Gear box behind their blades are simply wound commutator style Generators, plenty of Copper, Aluminium etc. Now small appliances are another thing Dyson Vacuum cleaners, top=end loudspeakers, newer electric drills etc all have recoverable RE magnets.
Pensana have got their timing right, the newer RE Turbines will start to become recyclable in around 2026 on
Until an official RNS comes out we must accept that all of these rumours are purely speculative in nature.
I am not saying that there is anything wrong with speculation, but the authors should identify it as such to protect not only themselves but also the Company..
Theo, So what is your point ~ Berkley were well and truly in construction when the Greenies stopped them with a Court Injunction, have you looked at their Resource, it is impressive and is quite capable of meeting that 10% target; Now if PA had stayed on you might have something to whinge about, but he removed himself from the payroll to conserve the companies cash reserves; How may Directors do you know who would put their Company first ?
Now you attempt to twist my words yet again you slimy piece of excrement; I said "I" personally know of twenty, not that there are just twenty in the world. FUD FUD and more FUD that's all you can ever write ~ a Pathological Lier !
Again you fail to answer my Question - so Zero credibility,
Theorist: Wrong wrong wrong ! Try getting at least your first statement correct before following up with your FUD and abuse. I and at least twenty others that I know of have all made and are still showing good profits from PA's various ventures, even BKY is showing signs that it is about to resume its upwards trajectory.
Now talk about not meeting commitments you Welsher, you have still not answered my question from two months back "Name one RE company that has achieved so much in so little time"; You can't and we all know you can't, so nothing you say has any validity because you have no credibility. All you are doing is Polluting this space, a trait you have no doubt learnt from your master Xi's polluting of the Myanmar rivers.
Point taken, but you have to wonder why every time there is an announcement and the SP goes up, two days later some ******* is selling it down again ? There is no point in feeding parasitic Traders ! better to let the SP fall and reward those faithful LTI's once everything is ready to fly.
As to Other companies HAS which has a much smaller resource and a much higher Opex has a MC of Au$500M twice that of PRE, PEK has a similar resource but is in a dog of a Jurisdiction sold down 50% to Au$100M but fell no further ? and even that total basket case GGG has a MC of Au$90M but has not moved that much in the last six months
Lewis, My first Loyalty is to the Company, any attack on PA is an attack on Pensana, especially when it is followed by a prediction that the SP will drop. Now I am not happy about these delays but I do know that there are perfectly sound reasons for them. Somebody is deliberately attacking the SP ~ Other less developed projects are not getting hit anywhere near this hard. Blame the Manipulator not PA
And what has PA given ? In the space of just four short years he has managed to re-finance Rift Valley Resources enabling them to drill out about 30% of Longonjo for a Resource of around One Million tons of NdPr,. He then moved RVY from the ASX to the PRE on the LSE raising the necessary Operating funds as required, while taking the SP from 5p to 208p before COVID hit; bringing a halt to all Angolan operations.
Recognising that RE Concentrate pricing is at the whim of the Chinese, he has has pursued the establishment of one of the first Independent processing facilities outside of China, for which the UK Government has recognised with Funding and support Construction to Start within the coming weeks.. He has also ensured that Pensana has been given Green ESG Status, which will go a long way to receiving Premium prices for their product.
So what have you done since Covid, other than to constantly whinge and repeat Theo's FUD for him, I hate to say it but to us Ozie's you sound far worse than the typical POM, it must be because the Canadian in you failed to learn how to play Cricket or Rugby. That's what happens when you live too close to the Yanks ~ no respect for anything other than self !
Hi NdPr: For those who have not yet worked it out, Pensana and several other 'advanced stage' RE Companies, have for quite some time been experiencing "Interference" in their development. Mostly evident through the destruction of shareholder "Sentiment" and the spreading of FUD throughout various Media channels.
Initially I suspected it was being orchestrated by Lynas, being the Company most at risk of loosing Market Share. However for at least the last two years a number of observers have noticed that most of the FUD is initiated out of a Singaporean entity REO who run a thinly disguised Pro China anti West RE blog. Looking a little closer at REO, we can trace its funding back to Chinese Magnet manufacturers ie SOE's. Now Theo for one seems to get a lot of his drivel directly from REO's blog as do a number of his other posting alias'/mates, in fact if you look closely you can even detect an occasional Chinglish slip-up in many of their posts !
Make no mistake, Pensana's SP is dropping because Xi is now frantic to maintain China's RE Monopoly, we already know for a FACT that he uses Market Manipulation to control the RE prices. It is then only a small step to realize that he is also probably Manipulating the SP directly through BOT's and strategic short selling. Done professionally they can even make a profit from it thru milking a companies market cap ~ their methods might be illegal and violate all "Free Market" principles but hey, they are Chinese and don't need to respect such norms !
It is time that the West started to fight back, first blow - cancel China's MFN status
https://oilprice.com/Energy/Energy-General/Is-China-Using-Cyberattacks-To-Maintain-Its-Rare-Earth-Dominance.html
As for China's economy being robust, that is another Furphy,
https://www.ft.com/content/68286d3b-cd80-45f6-937d-7bd4dd7bd273?fbclid=IwAR0MCqeaizSv-wiCzDuaAWtAoiQ4qmZkgPZ3Gqcsb2NQKC7SW_ovC2e6wrA
Xi is rapidly approaching Bankruptcy, both Morally and Financially. The UN now have proof of his persecution of the Uighurs', his SOE's are supporting illegal mining operations in Myanmar under the protection of the PLO, and the Chinese economy is about to collapse following the FAILURE of his past economic leadership ! That he is now looking for a scapegoat / distraction is a real worry, emulating Putin's "Expansionist" philosophy will only end in chaos !
Hi Tony, A very interesting development indeed ! and I don't think Neo are fully aware of the can of worms that they have unleashed. Their News release has no mention of Hastings or Twiggy ! Probably because Neo's current success is down to their very cosy relationship with China ~ Chinese Courts have found in favor of Neo on some very questionable Patent issues, and China is obviously currently supplying Neo with their Raw Materials; just how Xi wanted it to remain ! But too late Xi, your hirelings missed this one, while they were busy dumping on Pensana, Neo has gone and stabbed you in the back !
Writing on the wall ~ This placement will change the whole dynamic of the Rare Earth Industry and will be a severe if not fatal blow to Xi's hopes of maintaining his Monopoly. Neo will now be able to ditch their reliance on China and instead source its feed stock from an ESG certified source, Twiggy gets his toes in the RE water and Hastings will have access to a fully integrated production chain. I wonder where the poison pill sits, three way deals seldom last ?
Thomas, Theo, 'Shead and all of their mates at FUD Central are going to have their work cut out. There is now another RE Project that needs to be stopped asap; if you ask me it's already too late, the dam they were supposed to look after has sprung yet another leak and it is now only a matter of time before their Boss recognises their failure and disposes of their services ! Is Xi vindictive, I wonder ?