RE: Stock alive25 Jun 2023 01:37
All a matter of judgment, but you seem to be highly biased and ignorant in considering the FACTs before passing judgment; which is the Chinese way I suppose !
You seem to forget/ignore that PA and his team, have in the space of five years taken a penny dreadful exploration Company RVY from A1.3c ( ie 7p after consolidation). In that time they have developed Longonjo to the point where it is now a World Class Tier 1 Resource and is about to be fully funded & developed. All that while weathering two Global catastrophes (Covid and the Ukraine) that have destroyed most of the Worlds economy. The SP may be 25p this week, but I and many others can now see the light at the end of the tunnel. LJ first, to be quickly followed by Saltend and then Coola for the "Cream on Top"..
As I said earlier, BNYM have been buying all the way down; whoever their client is they must have a very good reason to want LJ feed, Is that because they already have a factory that desperately needs RE feed ? and they can't be confident of sourcing RE's from another supplier ?
Talking about which, let's have a quick recap of Pensana's Peers ~
Peak, 13 years and still not looking at Construction. and now behove to Chinese
GGG, 20+ years and have had to abandon their Project because they did not engage with the locals
HAS, 12 years and have had to shelve their Refinery
MKA, 12 years and still waiting to get Government agreement
TRE, 20+ years to eventually discover they were being sold a pup
ARU, 12 years and still have not worked out that they need a lot more water than they have
MP, Spending Billions on a massive push back to access limited amount of deep ore.
RBW, Has already lost "the richest REE deposit in the World", and is now trying to scavenge some out of a toxic waste dump in SA, yes that is the Country that was recently caught providing Arms to Russia !
LYC, The only real free world producer to date: MC US$4B, has a Resource comparable to LJ/C, and is still building a Refinery LYC is currently trading at GBP3.75 with 933M shares on issue !!!