Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
Another demonstration of Dumbo's total lack of knowledge as to how Mines are developed: " and they already have 9m debt." Do you have any idea what a "Long lead" item may be ? Specialised equipment such as Crushers does not get built overnight, typically they have an 18month lead time. That 9M is more than likely to be the next progress payment, typically payable once the equipment is ready for shipment ~ the balance being paid once it has been installed, commissioned and proven to be sound. Go back to your Toxic Waste dumps and help them solve the problem with how to keep all that colloidal trash from constantly clogging up their columns !
Hard luck Theo & Co, Pensana's future is now secured for at least the next two years and with another three mines due to come on line in Australia by 2025, China/Xi's strangle hold on Rare Earths will be well and truly broken. And it now turns out that China has shot itself in the foot, by dropping the prices for RE's ~ as it subsidises the West's Magnet manufacturers efforts to refine/develop their own products before supply/demand determines actual 'fair value'.
I guarantee Xi will be looking for scalps when he realises your tactics are sponsoring the West's development, instead of preventing it :) :) :) ? You might as well use that grave you dug, for yourself and the rest of the Beijing 5O,
How's your frog-spawn going Dumbo, So I guess you are feeling relieved after making all of those claims of imminent Insolvency last month; if they had come true we would have all made sure you were done for Insider Information, Twat ! I suggest you read up on Slander if you are so concerned with what you spew out.
How many times have we tried to make the point that we are only because we are responding to Dumbo's incessant Trolling on the Pensana BB ? Every time we withdraw (at Tony's request) your resident idiot immediately come across with a diatribe of drivel. At one stage we thought he was with the professional FUD team sponsored by Xi, but that would suggest he had some mental capacity above Kindergarten level.
When your next-door neighbour comes into your house with a big stick, make sure you respond with a pointed one.
Dumbo, Do you ever look deeper into your messages than their headline impact ?
"Nobody is going to gamble their job on tadpoles like this"
WTF do you think that says about you ? At least the Beijing 5O were here because they were being paid to be !
You on the other hand have just admitted that you are no better than a kindergarten kid collecting frog spawn :) :)
Highly doubtful that the new shares will have any significant effect on the SP. They are being issued to Institutional investors who will putting them into their long term piggy banks; not dumping them on the Market as Retail for a quick profit, as investors/traders would
But Tony, you are ! you even admitted it yourself a couple of years back when you were making profits on the way down by following Hamo's advice ! Yes you did eventually see the light and change to become an Investor for a while, and I am sorry for you if you may have sold out because you failed to foresee last nights action; but that is the risk you take if you let idiots like Dumbo and the Beijing 5O influence your sentiment.
Clearly the Nay Sayers including Tony &Dumbo, must think that their "second guessing' events is better analysts than M&G who have far greater access to professional advice ! Now that Peak has been removed from the competition, Longonjo/Saltend is well and truly the most advanced front runner to supply the West with Rare Earths.
Pensana's host is a valued 'Partner', while RBW have a history of screwing their hosts. IMO It won't be long before the SA population start questioning why they are paying being to be left with a concentrated toxic waste dump ? The next election is my guess !
A certain group of kids are not coming to school today ?
Must not forget to ask for their notes if /when they ever decide to turn up !
With Shenghe calling the shots I suspect their own Refineries in China will get the initial production ! That way they can control the pricing.
"PRE started out as an Aussie company. Therefore, it's pedigree is not British. PM8 if I recall was its ticker. The world's greatest thought he could tap us Brits because he had gotten enough from the Aussies"
Written by a lazy Hypocrite who clearly does not bother do any Research !
The Longonjo leases were initially taken up by City View/Fortitude in 2008, then transferred to Bright Star Resources in 2012, Not much happened until 2018 when Rift Valley Resources when PA took over its development, name was then changed to Pensana (PM8) in 2019.
Now as to 'Australian' mining Companies, if you look a bit closer you might notice that quite a few Ozzy Major Mines/Companies are domiciled in London :- Rio, Anglo, Biliton, Con's Gold etc etc; Now as the UK has never really had much mining of its own (other than Coal and Tin); it has historically had to go out into the World to acquire those resources that it so desperately needs to support British manufacturing ~ Further as Brits seem to be highly adverse to sunburn, hard work and flies, it has been left to Australians to do the initially finding/development of the Mines.
Apart from the brief interlude during the Common Market/EU, the above arrangement has worked to both countries advantage; it is just a shame that Boris/HMG forgot to re-establish Britain's supply lines before Brexit ! thus allowing China an opportunity to steal the pick of the crop, while the Pom's hold their endless Committee's, Investigations and write Strategic position papers !!
There is even a scent of conflict between the two 'Next World Colonists' buddies: I wonder who will make a move on Mongolia first, Russia or China ? Both can claim it as an ex-dependency; and Russia's claims over Manchuria are even stronger !
"Russia could do so by providing supplies of these critical minerals to China and by blocking other countries, such as Mongolia, from shipping them to anywhere but China"
https://jamestown.org/program/russia-faces-serious-problems-in-helping-china-corner-rare-earth-mineral-market/
Good to see you Vultures are enjoying yourselves, talk talk talk but no outcome. Pensana is still in business despite two years of your FUD and uneventfully prophesy. Next time I want a Chinese prediction I will open a Fortune Cookie !
Hypocrite/Theo, never in your wildest dreams are you a Brit ! If you were you would forget about your gripes with this British Company and start supporting it. The only show in town at the moment is Xi's obsession with destroying any hope that the West may have of developing its own Rare Earth Industries. Anybody who puts a Personal obsession ahead of National interest needs to their head read. Anybody capable of rational thought can see that Pensana is being deliberately trashed by you and your mates in Beijing. Longonjo and Saltend not only make sound commercial sense, they are Strategic Assets for the West.
Clearly joined at the hip, Siamese twins perhaps ?
I appreciate your concern, but you have forgotten that many if not most Australian holders got in between 10 and 20p; RVY started its run from Au 1.8c before consolidation, so on my books I am still making far better than Bank interest !
The Beijing 5O are back again, parading out of their ablution block like a bunch premenstrual girls. I see the hypocrite is still well and truly attached to Theo, while their new chum the Petrol sniffer is obviously MIA. Unusually Dumbo is only hanging around the sidelines, perhaps he has finally woken up to the fact that he was getting a raw deal and that under Xi's agenda there would be no room for anybody, RBW and MKA included.
Meanwhile China continues its program of Colonial domination (by stealth or force)~ Tibet, Hong Kong, Xinjiang, & Taiwan will be next, to be followed by Burma, Laos, Vietnam and Tanzania ! or will the last one just be left as a tribute State now that Shenghe have control that Government ? I wonder if Xi will then set his sights to their West once the Ukraine has softened up their Neighbour for them ?
Theo, You have put this diatribe against PA up several times in the last two years, and every time you get shot down when presented with the facts ~ your a broken record ! Murchison - was hijacked by Portuguese self interests, Berkley - blocked by left wing sponsored Greenies, ( PA did exactly the right thing there by removing himself from their pay-roll so the Company could survive long enough for the Spanish Courts to process), the deposit is still viable and ready to go. At Leyshon - PA rescued Shareholder interest when the mine's parent Company was acquired by Newmont. LRL was highly successful for over ten years until the GFC hit, and even then the move into Chinese Hydrocarbons only failed due to the following plunge in global energy prices. As for Pensana, in hindsight, any idiot can see the reasons why we are here in, "we have so far failed to secure finance" ! but nobody should blame Management for that. Covid has wrecked havoc not only on the Worlds economy but also on many of its Political structures. To top it all off, we now have that ******* Xi, who in a hell bent effort to maintain China's RE Monopoly. is dropping the price of RE's to dissuade any potential financiers from investing in Western RE projects.
Now unless you seriously think that PA has the power of a God, you can't blame him for any of those 'Causes' I have listed; a lack of foresight maybe, but everybody suffers from that, even you who have already had to move your predictions forward numerous times !
We note that your presence on this Forum stinks of an organised FUD campaign ! and who will be the main beneficiary of it at the end of the day if you succeed certainly not the Shareholders who you profess to be trying to protect ? It will be the Chinese or some other vulture who steps in to feed off our carcase.
A couple of years back I did the calculations on powering a large super tanker with Batteries replacing its fuel oil tanks and Solar cells covering its deck. It turned out that a fully charged tanker could go from Dubai to Amsterdam and make it with about 20% energy remaining. Now I admit I am not an expert in the field but I doubt if I am out too far.
Back again WiseOwl ? I thought you would have smartened up to the fact that Western Governments are now also looking at the 'Bigger Picture' and are actively monitoring Chinese sponsored FUD merchants ? Obviously you are unaware that Langley and GCHQ are monitoring all web sites to identify members of the Beijing 5O ~ ( I think that should be enough flags for their automated surveillance systems to pick up on this post ? )
Dumbo, We have all worked out that you are being played even though you appear to be still so stupid to admit it, If indeed you do hold anything (which I seriously doubt) your track record is certainly anti British ~ hence the question China or the USA ? Shenghe or Jack S#*t ?