Member Info for Chinasyndrome

Yes his silence is frustrating, I have learnt that over years. He is not fond of "Pumpers" ie CEO's that are constantly making media comment and regurgitating the whole mine story every time anything happens. Paul conserves his News to achieve the most impact. I think you will find that once the ATF funding is announced there will be a stream of follow up fuel regarding the progress being made at Saltend and Longonjo.

Hi Tony, The Chinese Project was for Leyshon, When Newmont took over Normandy and control of the Mt Leyshon Mine, Paul managed to secure the original LRL Company structure and enough cash to find and kick start a new mine in Northern China, it was just about to start construction when the GFC hit, Given the circumstance (the hedge funds had created) he stopped all spending, sold the deposit to a nearby Chinese company and returned to Oz, where he paid off all of LRL's debts and wound the Co up. Definitely not a failure given the circumstances at the time.

Neither was Berkley, Paul took that Company from a Green Fields explorer, proved up a significant Resource and was about to start Construction when the Greenies hit. When it became apparent that it was headed to a 3-4 year Court case, Paul removed himself from the Payroll and put the Company into Care & Maintenance to sit out the delay. Again PA demonstrated that his foremost concern was for the Company rather than himself.

As I pointed out on ADVFN, our Chairman has Integrity, something which is missing from Hamilton's vocabulary !

Either you have used the wrong Alias / are delusional or inconsequential;
Sorry but I don't remember you, there is only one real PITA on this forum, isn't that right Dumbo ?,
Glad to hear that you regularly go under a rock for therapy though, get well soon.

Even if it is somebody in the Top 20 trying to stampede the heard I can't see them shaking out any major haul ?
They may pick up a few percent but unless the other 19 holders fall for this FUD it will never result in them obtaining enough for a Takeover.

The upside is sooner or later they will have to expose themselves, as they will have to declare their increased interest on the Registry. I am sure that the boys in Belfast will be keeping their eye on that !

A Word from our Chairman:

"We are in regular contact with the officials at ATF and can advise that there has been no decision in relation to Pensana’s application and will immediately advise the market via RNS when we are advised of any outcome.

We do appreciate that in the absence of any news rumours can gain currency and so as soon as we are in a position to do so we will make an announcement.

It looks like somebody knows something :) Tuesday is usually a slow sell down day.
Loading up before an Announcement ?

@Sundrum, You assume too much, Dumbo could not hold his Licker ~ He reminds me more of the skinny runt of a kid who hides behind the school bully, or a flee bitten mutt constantly yapping at bigger dogs. Eventually somebody scruffs him up and he is then surprised that NOBODY cares. It is a pity he is not in Oz !

How good was RBW's Business Plan, Failed to make a profit from the richest RE mine in the World, which were slated to capitalise one of the simplest deposits (SA). But got caught ripping the Rwandan Government off so now they will loose everything ! MKA don't even have a Feasibility Study and it is 800km from the mine to the nearest Port (on dirt roads) ! OH and what is that relationship with Chinalco all about, another profit relocation scam ?

Dumbo cant afford a share in Pensana, he bets on penny dreadfull's, RBW got caught shafting the Government and their second project lacks depth. Mkango ? well they don't even have a Feasibility study yet (sound familiar) and their Transport routes are horrendously costly. Theorist well he is just a mouthpiece for a FUD scheme.

@hogsnipe, Valid concerns, but surly the ETF are not that blind. China has specifically flagged Rare Earths as a commodity that they can and will embargo; they did it back in 2011 and are already restricting exports to certain end users. There is little point in developing Batteries if you don't have the EV motors to use them ? Of all the RE Projects being developed Longonjo - Saltend is well ahead of the pack, not funding it now will set all of the follow up Industries back at least two years.

Then there are the Wind Turbines, they don't use batteries, but they do consume a lot of RE's and are probably far more important in the Decarbonisation of the Environment scheme of things.

As for Peak, they are an Australian Company not British or even EU, yes they may be creating UK jobs, but they are at least two years behind Pensana and they still have to find a solution to the Thorium that they will be producing at Tee-side ? I know 16 tons per annum is not much, but it comes out of their filter press as a highly concentrated precipitate ! They conveniently forgot to draw attention to it in their EIS, but you can be sure somebody will ask the question soon.

And I don't see LCM as being in competition with Pensana. They are a downstream Magnet producer, so they need a Pensana to supply them with their raw materials. If they are smart they will be looking at some form of JV partnership with us.

A traditional leader in Mashonaland Central province has in a rare show of bravery stood up and accused Chinese nationals in Zimbabwe of being behind massive looting of the country mineral resources.

Chief Chiweshe, born Matthew Chitemamuswe also accused the Chinese nationals of abusing the role China played in the liberation struggle for an independent Zimbabwe, to take Zimbabwe for granted and loot its vast mineral resources including chrome and gold.

Re the ATF: I was advised last night that the Fund gets replenished every six months re the Autumn & Spring Budgets,
The fact that there is £500M missing indicates that some Big grants have been allocated in the current bidding rounds and are in the process pipeline.

Not if it has not been finalised yet.
Telegram group holds around 50%, mostly LTH's; so whatever alias you use won't last long there.

There is one thing that all of these China sponsored *****s will never achieve.

There is no way an Earth that China will ever be able to claim ESG Compliance on any of their Rare Earth Products.

Why not ?

1) Because they source their Raw materials from the biggest Cess-Pit on the face of this Earth Baotou, which has no hope of ever being Rehabilitated.

2) Because they encourage, condone and protect Chinese (Illegal ~ State Sanctioned) Miners to cross the Myanaar - Yunan Border to Rape another countries Environment. The damage these miners are doing is clearly visible on Satellite photos.

https://www.frontiermyanmar.net/en/global-demand-for-rare-earth-elements-fuels-environmental-destruction-in-kachin-state/

Our current SP coincides with the April-May fall in RE prices and was reflected in the SP of all RE Stocks,
Well that disconnect has now well and truly reversed, LYC are now going ballistic on this current RE price rise. PE 450:1 !
OK I know we are still 12-18 months out from production, but so were LYC when they peaked in 2011. One thing that is different today is there is a projected massive increase in demand for NdPr once Saltend comes on line.

Dumbo, Where on earth are you getting your information from ! Nowhere does it say that leaving the Thorium at a site it already exist on is unacceptable, Otherwise every Mine in the World would be unable to operate. Thorium is Pervasive, it is everywhere to some degree or other. Thorium is not even a particularly dangerous Radionuclide as it in itself does not emit any Gamma radiation, and given its 14B year half life, only minimal ionisation occurs for any given mass. The major risk from Thorium is that its Oxide ThO2 is a recognised 'Toxic' substance, as are most metals, however it is only dangerous if ingested or inhaled,. So keeping it wet to prevent airborne dust is a simple mitigation procedure. Silica dust is far more dangerous and the unsealed roads of Africa / Australia generate millions of tons of that each year !

As for the DFS/BFS, You have no idea as to what is contained in the Business Plan which superseded the BFS. The only thing that was published was the Summary which contained a brief outline of the Financials. There is no reason for the Company to publish the full document, especially when there are fools like you and others wanting to copy and paste the IP into their own Plans.

As to sending Thorium into storage ! Are you suggesting that they are going to SECURLY store concentrated Thorium somewhere ?? and for how long 250,000 years, Thorium may not be fissile but terrorists can still use the stuff in a Dirty Bomb.

I am not sure if Dumbo, Charles and Theorist are not all the same person, they certainly keep asking the same questions over and over again and they never acknowledge any answers; Typical FUD tactics designed to instil Fear and doubt to destroy sentiment !

What part of leaving the relatively low levels (700ppm is not high) of Radionuclides in the ground at Longonjo do they not understand, Thorium and Uranium are naturally occurring elements, they are everywhere, every mine in the World has some it is pervasive throughout the Universe, Coal mines have lots, and the people in Scotland build their houses with Granite containing the stuff. Thorium is not a problem unless kept in a concentrated form, even then it is easily managed ~ the USA have 5,000t of pure Thorium stored in a dump covered with just a few metres of soil ! I have no idea what his 250,000 years is in reference to, but if he is suggesting that that is how long it takes to decay then he is demonstrating his ignorance yet again ~ The half life of Thorium is actually older than the Universe ie 14 BILLION years.

Longonjo will most certainly be a mine, it is an economically proven Resource containing a commodity that the Western World has declared critical to our continued economic and environmental development. Transport Infrastructure is already in place and Ancillary Services are commencing to be installed as I write. The host Country Angola is well and truly behind Pensana developing the Mine and is even supporting the Company Financially, as is the UK Government, Even if China were to give NdPr away, the mine will still go ahead because the West has seen that China can no longer be trusted; even if China could be relied on, their RE products will never meet ESG Standards !

So Dumbo, whoever you are ~ You are wasting your time trying to destroy anybody here's confidence/sentiment. If you can't afford the Anti to buy into PRE then stick with your penny dreadful RBW's or tell your Chinese Master that they are way too late to save their Monopoly. Pensana, Peak, Arafura + a few others are all going to be in production within the next 2-5 years.

Hi Scaramonga, IMO, Charles and/or Hamilton, are either a certain ex Australian Compliance Manager who got caught and sacked for trading/shorting PM8 and who has now moved shop with a huge chip on his shoulder, or he/she is a Singaporean based Chinese Propagandist who is trying to destabilise the Wests development of Rare Earths. Not sure which is which but both have similar agendas, ie to damage PRE's SP thus making it harder to raise Finance. They may even be one of the same ?

Theorist: " First Pensana does not have a mine or access to raw material" an outright lie !
Or are you so ill informed to have not heard about 'Longonjo' ?
I suggest you take notice of what is said in these discussions, instead of dreaming up Theoretical arguments that have no substance in fact. Better still Sod Off

I have reached the point where I no longer care "When" the ATF announcement arrives, Having once worked as a Public Servant I now remember that the only clock they watch is the "Going home time" one ! That there will be an announcment at some time is a given, in the mean time Pensana has sufficient funds to commence all of the "Long lead" tasks.

The longer the delay, the higher the price of NdPr will go, so when the ATF is announced the higher our SP will rocket and the less dilution will be required to fill the bridging gap.

"Rare Lands", has a nice ring to it,
And the Angolans still see the Project going ahead, delays due to Covid, which is understandable.

Village idiots out in force tonight, Dumbo does not even listen to his mates on RBW so don't expect him to worry about anybody on this forum ! Which one of you idiots is Ringworm ~ I like your HC alias better.