Member Info for Chinasyndrome

Given the increased frequency of people posting 'Negative' comment on various Forums, I strongly suspect that the current situation with the SP is at last coming to a head. A couple notable posters on ADVFN in the last week have even changed their tune from “It is bound to fail” to “Pensana needs new management”; suggesting to me that even our detractors can see the true “Value” of Longonjo and were only talking it down so as to buy in at the cheapest rate they can.

No, I am not referring to you Dumbtheory, but how's the Lithium going ?

Dumbo, There is a price you get paid for MREC and a price you get for Refined Oxide,
Until RBW own their own Refinery they will get the MREC price currently around US$7,500/t for 45%REcon
Lynas have a totally different process to Phalaborwa, there is no comparison ~ stop referencing numbers that mean nothing other than being figments of your bipolar imagination !

What most of the London Investors don't seem to grasp is that Longonjo and Coola are the KEY to Pensana's future. Yes Saltend will contribute substantially to the Profit margin by value adding, but it is the Mines where the imminent price rise in Rare Earths is going to have its greatest effect.

As the NdPr price rises (With China's ability to supply RE's collapsing) resulting in the economic cut of grade dropping from 0.2% to 0.1%; then the recoverable tonnes contained within the initial model rises from 284kt NdPr to 735kt !!! (and that is without Coola or the already known extensions).

Given that everybody is worrying that predicted Supply is insufficient to meet Demand; Pensana will have the option of increasing the Mining rate and ramping up Saltend and/or perhaps even supplying MREC to other Western Refineries.

Those NPV numbers in the Business Plan are just for Starters, the main course is yet to be revealed.

No problem, You might also like to have a look at HC Post #: 56572381

Beijing may have increased Quota's 20% but I seriously doubt if their RE miners can increase production ?
2011 clearly demonstrated what happens if RE Production rates collapse. There is only one way NdPr Prices are going to go and that is UP (Graph of Monthly China RE Production vs RE Prices 2011)

And we all know what happened to Lynas' SP in 2011 ~ and they were not even in Production then !
(Graph of LYC SP for 2010-2012)

I apparently hit a sensitive spot with my post to Thomas/REO, on HC, removed after 24hrs !

Thomas / 'shead; Your problem is that you clearly don't understand the dangers of relying on a Chinese Monopoly to supply (anything), first it was Evergrande, now it is their Power Grid next will be Magnets.

They can't even guarantee to keep their own Citizen/Slaves warm this Winter, what is Xi's mis-management going to do to Chinese Industry ? when they turn the power off to the Factories RE refining and magnet manufacture will ; so as sure as eggs there going to be a massive shortage of RE's before this year is out.

China’s growing electricity crisis
Scores of Chinese homes are in the dark and in just a fortnight coal reserves could run out. It’s proving to be a very dangerous problem for leader Xi Jinping.

Traffic lights were abruptly turned off in the northeastern city of Shenyang last week. Local authorities deemed it necessary “to avoid the collapse of the entire grid”.

Since then, the problem has spread, with power cuts and consumption limits imposed in several key industrial zones. Aluminium, steel, cement, wood mill, and fertiliser production have all been affected in Zhejiang, Jiangsu, Yunnan, and Guangdong regions.

Those Provinces ring a bell ~ Zhejiang, Isn't that where Shenghe have their operations ? and aren't all the others where most of the HRE's mines are located.

China's whole economy is teetering on the brink of collapse and yet Xi is focusing on Taiwan instead of ensuring that his people can live thru this coming winter ! Mao all over again !!

https://www.news.com.au/finance/economy/world-economy/xi-jinpings-power-plays-collapse-chinas-electricity-grid/news-story/8dcefd6400a409d656a7ca1d5df118cf

The greatest risk when Investing in a mining project is to Ignore the Fundamentals !

A Dumbtheory, but It appears that you do not even understand the term "Fundamentals" ?

Tier 1 deposit and expanding, Necessary Infrastructure already in place, Supportive Government, Market demand .
These are the underlying and essential attributes for any Project to succeed and they are already in place for Pensana whether there is a BFS or not.

A BFS is neither Fundamental nor Essential, as it can be superseded by a Comprehensive Business Plan, FEED or in some rare circumstances by just a discussion and hand shake over drinks !

Theorist, Most of the Ozzie holders invested in 2019 at sub 12p, 600% over 3 years ? beats Bank interest even now.
I would expect any Financier to be invited to take some of the available Equity, an opportunity too good to miss given the writing on the wall.

"Don't always agree with Dumbo" !, What is your physician's diagnosis "Dissociative identity disorder" ?

Considering that FEED is a comprehensive exercise in stipulating the actual details of the Process ie the Operational Parameters, Mass balances and Hardware selection; it provides by far the most advanced estimate of CAPEX and OPEX available for Financial modellers; and is certainly far more detailed than any BFS.

That our BOD are somewhat unconventional is a given. To take a small "Greenfields Exploration Project" thru to being one of the premier producers of NdPr Oxides within a time span of just 4-5 years requires foresight, commitment and determination. Yes short cuts have been identified and taken, but with the "Fundamentals" being as strong as they are those associated Risks have largely been mitigated.

Hi Tony, You can probably add another Webinar with Rocky and the Baroness to that, and not forgetting Coola ?
So at least one News release each week :)

Whoever is dumping those small parcels of shares @ 2-3p below previous sale price on Market close needs to make an appointment with a proctologist !

Congratulations to all who managed to get in on the IPO,

Dumbo, go away and research what you have just suggested. idiot !
Pensana already has its own Propriety process,

Good luck trying to rip SA off , I suppose RBW will be buying all New equipment, seeing as the last lot is stuck in Burundi

Reminds me of priming an old water pump. Hope somebody hangs around till COB today, that's when the Shorter's usually manage to drop the SP with just a couple of thousand shares !

Cane toad, You first quote my opinion of Shorter's

Then go on to suggest that they don't exist ! not a rational argument.
If you are right, and they don't exist, why do you feel so offended ?,
But if I am right, the fact that you are offended enough to respond, indicates to me that you are indeed guilty.

I suggest you think more about the future of your Children than your own self greed. Buy some PRE to keep, not only will you end up better off in the long run, you won't have to feel so ashamed of yourself next summer.

By at least one order of Magnitude !

Dumbo, Yet again you confirm to me that you know nothing about mining ! Yangibana is an 8km long (skinny) and relatively DEEP deposit with a lot of overburden, so their mining cost is going to be astronomical. Contrary to what you claim, their TREO to NdPr ratio is not significantly different to Longonjo's 2.5 vs 2.7 and their Thorium levels vary between 130-1300ppm so NO not Low which will be a problem unless they can franchise Pensana's process to dump the Radionuclides out before export (and only get paid for) their MREC.

Still, if you like it go ahead, it looks like a good match for your previous investments RBW & MKR and it will give you a good opportunity to get on HC and let Thomas know what you think.

I am beginning to find it slightly suspicious that all of these Down-rampers who are posting reasons why the West need not develop their own RE Industry. All seem to fall back on LCM in their final argument against Pensana. Their flow of argument goes something like this "The West does not need to develop a RE Industry as the Chinese monopoly can supply all its needs". Then "Even if the West/UK is going to build a Magnet facility, they already have LCM so there is no need for anymore" !

So who are LCM ?, Perhaps we should do a bit of forensic investigation into how this Company has managed to get its hands on British Tax payers money. Especially if any of the rumours I am now beginning to hear about them turns out to be true. which I must acknowledge at the moment are only speculation.

So:

Where do LCM get their feedstock from, China direct (inc 15%VAT) or via Singapore ?; (where by sheer coincidence Thomas/'sheads/GITI operate a RE Trading house) ~ can I detect the whiff of a "Transfer pricing" scheme ?

The other questions that need to be answered are "Who is the final beneficiary", and "who calls the shots" ? what interest if any do: V V, IORM and/or AMT have, and what is LCM's relationship with the Great Western Minerals Group ?

Theorist, You say Shorting is not immoral and does no harm: Clearly you have no concept Morality or of running a Company. There is no such thing as a free lunch, Shorting destroys Sentiment and more importantly Market Cap', which in turn hinders a Companies chances of raising necessary development funds at favourable rates:

Shorter's have no Moral standing in Society, they are motivated purely by Self Interest. This is doubly true when they attack a company like Pensana. Not only are these Shorter's hindering development but at the same time they are also working against Humanities endeavours to clean up the Atmosphere, and effectively supporting China's aims of holding the World to ransom with a RE Monopoly. Morally you are Traitors to Humanity and you all deserve a Darwin Award.

You must be a Yank, in the UK & Oz 1) Naked shorting is a criminal offence, 2) Manipulation is also criminal offense; just because the Regulators seldom prosecute does not make it Legal or Moral.

And you now raise an interesting point, seeing as both you and Dumbo were claiming it was impossible to short a stock just a few weeks back ! You have clearly changed your story from "it can't happen" to "it is not illegal"; which amounts to tacit acknowledgment that it is happening.

Secondly, As I pointed out earlier and you now confirm, Even Shorter's have to reverse their tactics eventually or risk killing the Golden Goose. So eventually (possibly quite soon) all those LTI's that have held their nerve are going to enjoy a return to growth.

I and 80% of the other holders can wait, because we ALL know (even you) that the fundamentals are sound and that PRE is soon going to become a cash cow.

Dumbo, Just as you were starting to make some sense, you revert to stupidity !
The whole point of a Short attack is to drive the SP down and scare nervous SH's into selling their Shares !
Secret and anonymous (nominal) are totally different concepts !