Member Info for Chinasyndrome

Interesting analysis Hogsnipe, it certainly fits in with certain rumours about a well rounded New York Bank and an American desire to take over ownership/management of Longonjo. Perhaps it is time for Boris to tell the Yanks to go and find their own Resources and stop trying to steal other peoples. After all we are supposed to be Allies ?

My apologies to all other RBW shareholders, but Dumbo has been Trolling the PRE page for months telling us that RBW is so much better than PRE and that PRE is a dog !. He is obviously "Arithmetically handicapped" and I would encourage anybody finding his numbers disturbing to do their own due diligence.

You say this is wrong ? A fully worked Business Plan that was put together by recognised experts* in their Fields,
So what Qualifications do you have to support your claims, serial Troll, lousy investor, .....

Rensana's Plc Financial Summary April 2021
Annual Production of Rare Earth Oxides (REO)
C. 12,500 tpa

Annual Production NdPr Oxides C. 4,500 (included in REO)

Opex US$ 22/kg rare earth oxide
Capex Saltend Refinery US$ 125M
Longonjo Mine and
Infrastructure
US$ 38M
Longonjo Concentrator US$ 105M
Longonjo MRES Refinery US$ 124M
Growth Allowance and
Contingency
US$ 31M
Revenue (Average steady state) US$ 550 million (average per annum based
on first five years)
EBITDA (Average steady state) US$ 359 million (average per annum based
on first five years)
NPV8 ** (un-leveraged , post-tax) US$ 2.3 billion
IRR 57%
Payback from first production 2.0 years

• SRK: Mineral resource estimates
• Snowden: Mine plan schedule and pit optimisation
• Wood Group: Longonjo and Saltend technical engineering and design; capex and
opex cost estimates; supervision of metallurgical testwork and pilot plant
programs

Now RBW were spruiking off at having a concentrate grade of ~ 65+%, so their contained the RE's in 7000t of concentrates is not much lower than Pensana's 12,000 t at 45% ? (and also roughly the same as Lynas). Now Lynas made a after Tax Profit US$40M in Q1 2021 after salting away a big slice of revenue for CAPEX.

So please explain to everybody including the Burundi Government, why Rainbow's Management can only make a Profit of US$1-7M out of a Deposit that YOU (presumably) have done your DD on and YOU say is so much better than Pensana ????

Dumbo, Just look at the numbers you are quoting ! They strongly suggests to me that something is definitely not Kosher with this Companies accounting ! No wonder the Burundi Government is asking questions.

Only US$1Mpa profit from exporting 7000t of what is touted to be the richest RE Ore in the World ???? If I were the Burundi Govt and receiving just US$100,000, I would have to ask "Is all the trouble worth it" ? clearly we are either being ripped off, or this Company does not know how to manage an Operation correctly ?

While Angola might receive 25% income from exporting 12,000t of a far lower grade concentrate, with a NPV of over US$1 Billion there is still plenty of profit for the Company, Pensana is in 'Partnership' with the Angolan Govt, their Sovereign Wealth Fund has been a strong supporter both Politically and Financially, indirectly they are providing an estimated US$1-2B of infrastructure, so PRE Shareholders certainly do not begrudge their Angolan partners purchasing their 23% Shareholding. Certainly a better arrangement than Tanzania's 15% 'Free Carried' interest in Peak !

That is what a Win-Win-Win arrangement looks like, everybody gets a fair share of the Profits.

Talk is that our Serial Pest FUD down ramper has pulled all his Posts of the WWW,
Seems he was not as innocent as he claimed and is now trying to cover his tracks. !

Dumbo, Who has two id's ? Hope you are not inferring to those who are currently shorting our SP, are playing "Pass the Parcel" Now that would be illegal. Perhaps it is time for legal action or at least an investigation :)

Theorist, At best you are a Troll who is just here to annoy people, Or you might be a sole Trader wishing to talk mum & dad investors into letting go their shares. But I suspect you and your mates are doing exactly what Phoebus described, using FUD to deliberately destroy Sentiment for either a US based Hedge Fund or the CCP.

Whoever you are you have been recognised, so toddle off and join your mates Thomas, Jenny, Charles, Hamilton and ****ant in the sin bin.

You did say NO expertise and you forgot about Rocky ? Just about any expert system can be distilled into 100 steps, even Open Heart Surgery. 99% of the Knowledge is common. I could just about guarantee that the Chinese are not the World leaders, they still need to import European Managers in most technical fields. One thing the British excel at is design and innovation, it won't be long before a new "Gold Standard" is coming out of Saltend.

Theorist, you don't consider Rocky and Roy to have the expertise ? I would have thought that they are probably some of the two most experienced RE Process engineers in the Western World. Add to that Wood Group who seem to be the preferred consultants by many RE hopefuls.

Clearly you don't know what your talking about, so why the negative posts, FUD perhaps ?

Chinese NdPr prices have now risen US$15,000 or 15% in under two weeks.
Recovering almost 75% of their April-May drop.

Assuming that the RE price drop was responsible for the drop in our SP, we should now be up above 150p

Those accused must have their day in Court, These are serious allegations which can be proven quite quickly simply by looking at the IP address's, that is IF the Financial Regulator decides to investigate. What can we do to make sure that their is an investigation ? Write to your local MP, Boris and the FSA or is it FCA ?

Dumbo,

You will find your answer here:
https://www.researchgate.net/publication/318411892_Ion_Exchange_in_Hydrometallurgical_Processing_An_Overview_and_Selected_Applications

Well that was an exciting and nerve wracking night ! But it turned out being super positive for us LTI's in the end, to see such strong 'Resilience' under such intense selling pressure, SP eventually bounced right back to where it had started.

The word is, that the seller was an Ozzy Trader who finally managed to convert his shares, congratulations to all LTI's who managed to partake in this "Sale of the Century". Did not last long as apparently it is again almost impossible to buy a large block,

Now for the best bit. Look at the Chart, Notice the abnormally long tail to yesterday's trades, I believe it is called a Dragonfly Doji or Spinning Top, and is often associated with a trend reversal, see Nov5th and 23rd Feb 3rd and May23rd

hxxps://www.marketscreener.com/quote/stock/PENSANA-PLC-109347695/charts/

Looking for a strong and higher close tonight to confirm.

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

Tony, that is one way of doing it but it still leaves some Th. Pensana has stated that there will be NO Th going to Saltend and I believe this new process is the answer. DP has other interests in his agenda, nothing what we say is ever going to shut him up because he is not interested in ESG, only in doing as much damage to our SP that he can by trying to instil Doubt Fear and Uncertainty.

Well said Mumbles, but I doubt if that will shut him up for long,
10:1 he or one of his mates raises the same question within the moth.

RE prices are taking off in Shanghai again, I am pretty sure that Praseodymium is close to an all time high !
VanEck REMX will break thru the US$100 tonight for sure.

VanEck Vectors Rare Earth/Strategic Metals ETF
99.59 USD
+30.95 (45.09%)year to date
12 July, 8:00 pm GMT-4 ·Disclaimer
NYSEARCA: REMX
79.35 USD ?Thu, 4 Feb
Open 97.87
High 99.69
Low 97.60
Mkt cap -
P/E ratio -
Div yield -
Prev close 95.74
52-wk high 99.69
52-wk low 36.43

That would depend on its Chemical form, which you don't know, because the New process has not been published. But be rest assured, it will be perfectly safe and will be constantly monitored by the appropriate authorities.

Now how about answering my questions for a change, What is China doing with its Thorium and why are there PLA now protecting those illegal SOI employed miners who are currently raping and polluting the rivers of Myanmar ?

Yes, so long as it is not concentrated ~ there is no material change to the local environment.

Do you remove the thorium from the soil when you work your garden ? NO; and I am pretty sure that Concrete companies never removed the Thorium from their aggregates before it was used to build that house/apartment that you live in !.

If you really want to go on a crusade try the Coal miners they certainly do not remove the Radionuclides from the coal before they burn it in Power stations which you live down-wind from !.

Even as a pure metal can be safely disposed of by burying under about 2-3 metres of soil.

For a change, try doing a bit of your own Research for a change, rather than constantly making stupid statements and being lazy. Why don't you tell us" Where does China dump all of the Thorium and silt it produces ?, probably straight into the rivers !

Robbie ~ If that number is correct remind me to buy you a drink after the 2022-3 AGM,
Doubt if Scomo will let us out of Oz before that !

Dumbo/CH, REO & Co, No they won't and nowhere does it say they will ~ that is a complete lie.
Radionuclides will be removed early on in the Processing and will remain at the mine site mixed back into the tailings waste, a perfectly acceptable and approved method of disposal.

But you raise an interesting question, What do Chinalco/Shengie do with the their own radionuclides ? or for that matter with all the other pollution which they are generating in their operations throughout China and Myanmar ? Residents on the Irrawaddy are already noticing the silt and slimes 500km downstream from PanWa !!! State sanctioned Illegal mining by a State Owned Enterprise is disgusting but when they are protected by the PLA it is an International crime.