The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Tdav, how do you work that out, when the Finance is being structured though Debt not Equity ?
Once Longonjo has been constructed and is in Production, the Revenue from it will be more than enough to pay back the Loans within a couple of years and still leave 50% for the owners, even at todays depressed NdPr prices.
Please explain how Phal is going to make a Profit, They will only be booking revenue from MREC and once the SA Government sees that all the "Toxics" still remain on site you can say goodbye to their subsidy. Money can be made but it will be in The USA by K-teck and its owners. In my books it will be a repeat of Burundi all over again !
Good observation re the Algo/Bots Hogsnipe; they stepped in to milk the recent SP rise as soon as the bull run petered out ! Clearly the owner of the program has only worked out how to operate in a falling market as the Bot was noticeably absent while prices were rising.
Wait for the Traders to start taking Profits, the Algo / Bots will then move in to mop up.
Nick, You might want to check with Jack Lifton on that.
Lets not kid ourselves, RBW do not own the Tech ~ If you trace it back I think you will find that USA RE thru their JV with Texas Mineral Resources and K-tech developed the current CIC-CIX process. USA RE are a privately owned company with strong links to the Gutnick family while Texas MR is a Public company slowly being adsorbed by USA !!! Do I hear mutterings of a "Reverse Takeover", ! after all USA RE have publicly stated that they aim to control the American Rare Earths market !
Looks like George is ahead of the Game this time, Burundi must have taught him a lesson to get the next project on the books before your current host works out that they are being used ! One day he might even realise that the country you are mining in also expects to make some money and certainly does not want to subsidise the export of its Resources to the Great Satan at below cost !!!!
In response to Dumbo's continued trolling on the Pensana forum:
Dumbo; You continue to open your gob without checking the facts ! Nowhere has Pensana suggested that Saltend will not go ahead as planned, far from it, the latest is that it will be ready for LJ concentrate in 2025.
And you of all people had better hope that Saltend does go ahead as planned; otherwise Pensana could possibly be putting MRES into North America. Which would certainly put paid to your RBW's plans; Your Yanks currently only have spare capacity at one RE refinery and one Magnet plant. With South Africa Geopolitically on the nose it is pretty certain which mine would get preference. Why do you think the Yanks have spent so much effort in trying to steal/acquire LJ ?
If Jack's Roundtop was not such a dog they would not even be considering Phalaborwa until somebody works out how to drop the now concentrated Radionuclides out of their product ! and where to dispose of them on a site that they are ostensibly getting paid to decontaminate !!!
Dumbo; You continue to open your gob without checking the facts ! Nowhere has Pensana suggested that Saltend will not go ahead as planned, far from it, the latest is that it will be ready for LJ concentrate in 2025.
And you of all people had better hope that Saltend does go ahead as planned; otherwise Pensana could possibly be putting MRES into North America. Which would certainly put paid to your RBW's plans; The Yanks currently only have spare capacity at one RE refinery and one Magnet plant. With South Africa Geopolitically on the nose it is pretty certain which mine would get preference. Why do you think the Yanks have spent so much effort in trying to steal/acquire LJ ?
If Jack's Roundtop was not such a dog they would not even be considering Phalaborwa until somebody works out how to drop the now concentrated Radionuclides out of their product ! and where to dispose of them on a site that they are ostensibly getting paid to decontaminate !!!
Theologist: "everything I posted has turned out to be prophetic." good one !
One of the least meaningful statement you have ever made; clearly getting very nervous of the lawyers and now trying to cover your posterior.
You might as well have said "everything I prophesised turns out to be a prophesy and is not actually true or FACT" or to be more precise "everything I have posted is FUD"
Just to make it perfectly clear a Prophesy is a projection of a personal belief and is certainly not FACT; You may want to check this with a Rabbi but I think it was Moses (or was it David) who prophesised the coming of the Messiah, over 3,000 years ago ! and your mob are still waiting for it to happen!
You're not claiming to be the reincarnation of Moses or are you ?
Theologist, How can you keep a straight face with that last statement !
FUD ~ blatantly obvious, you and your sometime mates have made thousands of unproven claims over the last 2-3 years; Radionuclides, Berkley, Insolvency, Insider trading, Ballet studio's, flood levels,
Chinese ~ After Eloro's rabid rant against the rest of humanity even you considered it to be over the top it is clear where his loyalities lie, and anybody who doubts that the China CCP is controlling the whole RE agenda through its SMM price fixing is delusional.
Shorting ~ Plenty of evidence of people playing 'Pass the parcel' and making small last trade sales at a lower price.
All designed to distract readers from the real Prize ie Longonjo which has one of the very few significant NdPr Reserves in the Free World with well over 100,00t of NdPr.
Now before you ask why would a company like USA RE want it for themselves ~ well that last acquisition of theirs Texas Roundtop turned out to be a total disaster, just ~ 9,400t NdPr ! even Rainbow have more than that ! not much more, but at least enough to run a demonstration plant !
Sundrum, If that is the case I bet he does not know Pini Althaus, Strange how he claims to be so knowledgeable about Rare Earths and yet knows nothing about the Company that has stated its aims of monopolising the Wests RE production. Guess he has never heard of Mike Pompeo, Jared Kushner or Joseph & Mordechai Gutnick either ?
Locked out ??? what on earth are you talking about ~ I have been able to trade Pensana without interruption since 2019, The Company even facilitated the transfer across to London for those wishing to do so.
SunDrum, Didn't you know Dumbo gets all his information from Donald Trump's mates ? he might not know it but there are but two degrees of separation between them !
Yes Only a matter of weeks till Longonjo goes into full construction; funded in part by our biggest Shareholder. The SP now has little relevance on the outcome. Hats off to the Manipulators, they have managed to bring the SP down to a point where we can have a second bite at this cherry. Anything below 18p allows all UK Investors to Average down :)
hypocrite, pot calling the kettle black,
you don't like too many races do you ? angolans, africans, ****stanis' and whites in general !. how are you with arabs ?
i can only think of one race that consider themselves superior to all others,
what on earth are you doing in the uk, waiting on scousers at sun tat or jordies at lucky house ? no wonder your ego is suffering. what would your ancestors think of you having to kowtow to us gweilo every day ?
"" eloro
posted in: solg
re: re: high risk period next 4 weeks to14 nov 2020 08:39
speaking of crime finn, what do think of this bit of statistic:
yes ****stani men are disproportionately involved in grooming gangs, and no, that is not a ****** statement. neither is it ****** to say that when it comes to wider child abuse nearly 90 per cent of those convicted and on the sex offenders register are white men.""
Theologist, it is very rarely that I agree with you, but for once I applaud you for calling a spade a spade.
Hypocrite, There is a big difference between my using the term "Chink" "Yank" or "Pom" to indicate a persons 'Race/Abode and verbally ridiculing / belittling the citizens of a Sovereign Nation. Clearly you are having issues with your own ego, as there is plenty to suggest a badly damaged 'Superiority complex' in your rantings !
Hypocrite; So please explain why on earth you bought into Pensana in the first place if they have never done anything ? Developing a World Class Tier one Resource in under three years must amount to something, and all the Engineering / Planning / etc has also got to have a value, which is where the bulk of the Capital Raises has gone. Share prices are only a reflection of what a current buyer is prepared to pay for a Company, as I said earlier, it is only a concern if / when a Company needs to do a CR.
Now why not change the subject again so that you don't have to rationalise any of the points I have just made !
Hypocrite, You keep on asking me that Question, so here is my answer:
I am not in the least bit worried about the decimation of the SP for a number of reasons:
1) Pensana's Lomgonjo is fundamentally sound, they have proven up a highly sought after and potentially profitable Ore Reserve in a location that is logistically well serviced and which has exemplary support from their Host Government.
2) While the SP may have been manipulated down to where it is; the immediate level of the SP currently has little bearing on the Companies future, Pensana have sufficient cash reserves to keep the lights on for quite some time. so there is no need for a CR on the immediate horizon.
3) While I feel genuinely sorry for those who might be forced to sell in the coming weeks, I also see it as an unbelievable opportunity for us long term Investors to "Double down".
4) However for you I make an exception, I am taking great delight in the knowledge that whatever has happened to you in the past it was so painful that you are now obsessed with trying to justify your pain by blaming it on others. Your inability to take responsibility for your own actions is making you a laughing stock ! Does Shemara know ?
No not King James : https://www.chabad.org/library/bible_cdo/aid/9912/jewish/Chapter-11.htm
theologist; and who do you propose the angolans should replace pensana with ? the only company that comes to my mind is: usa rare earths llc !? whom i believe acquired that old hitachi magnet factory in nth carolina. from what i can deduce, they are desperately in need of feed. i did see that one of amvest's associates, a mob called "four points capital" facilitated that acquisition ! so perhaps this has been their aim all along ?
all that aside; if you are truly worried about pa's record of managing companies, then you would be right at home with this lot; a real keep it in the family business, they are not even listed !. now please correct me if i am wrong but isn't one of their founders actually mordechai gutnick the son of joseph gutnick ? i think we all know joseph, he's that australian ? bloke who ended up being declared bankrupt after reportedly trying to transfer $175m in assets to his sister ?? for just $1 !
https://www.smh.com.au/business/companies/court-crushes-gutnick-family-s-1-mine-deal-20191002-p52wy3.html
to be fair to joseph, he did deny the whole think
https://www.dailymail.co.uk/news/article-4491602/mining-magnate-denies-claims-hiding-assets.html
so people should dyor before making their own judgment: they may like to start with this :~
https://failedmessiah.typepad.com/failed_messiahcom/files/gutnick_rebbe_aish_affinity_scam_barrons.pdf
joseph is now out of bankruptcy and is once again involving himself in politics ~ to promote his ultra orthodox chabad religious beliefs: https://www.jpost.com/opinion/article-715403
so theologist; no doubt you will be "as happy as a pig in ****" if this mob were to gain control of lj, [sorry if that idiom offends your religious beliefs leviticus 11:3], you may want to explain that to the hypocrite ? a little bit of research and i am sure you will find an abundance of material documenting umpteen improprieties linked to the owners of usa rare earths llc; in fact it would not surprise me if you eventually discovered that donald trump and his son in law jared can be connected !!! ps as an added bonus you could even find dumbo amongst the trash !
seriously, do you really think that president lourenco would entertain doing business with any company that could even remotely be connected to the 'progrom' which is currently being waged against the palestinians.
as elon just said ~ competition is fine, cheating is not.