Member Info for Chinasyndrome

Dumbo ~ Actually <10%
Theorist ~ I don't know so you certainly don't,

Speculation is fine and even fun, but always remember that it IS pure speculation, and for any given number of "Theories" only one MIGHT be correct. I can think of at least five good reasons why I have resigned from past positions, Non of which have been put forward here, so far. That this happened just prior to EOFY may have some bearing ?

Tony, that is an awful lot of assuming, probably better to stick to the numbers in the Business Plan at the moment, PA would have used all the "Known" data he had at the time of publishing. Speculation as to what may happen once everything has been bedded down ie 'Doubling Output' or recycling used nacelles is probably more informative.

Pi##Ant, I don't see any LTI's panic selling, There is currently less than 10% of the Stock available for Trading, which is why the price is so volatile, Down rampers like you have been trying to spook the holders for at least three years but all you achieve is to destroy your own accounts. If you look closely you will notice that any Large parcels are cross traded without any appreciable movement in the SP. It is only the Bots and Day Traders that are selling on the cheap.

Further proof of your ignorance or plain false representation,

There are very few if any 20g Gold mines operating, most are lucky to achieve 2-3 g and the really big boys operate down to 0.2gm. Clearly you know SFA about mining so stop pretending you do.

Still Down-ramping Dumbo,

So according to you Basket Price means SFA, because you are making a HUGE assumption on % recovery and price paid by the Refinery. I can assure you that that is absolute bull****, Having managed several producing mines myself I was never charged more than a 5% discount + a small refining charge on the contained Oz's for Gold, or 20% for a Lead/Zinc concentrate. Try taking that argument to SFT2H on HC, IXR are expecting to get paid 90% of their basket price by Chinalco for their concentrate !

Besides which it is immaterial as Pensana will not be selling concentrate, but Refined Oxides (initially).

My Apologies Tony, I did not realize that you were attempting to calculate a current Value from the Resource.
I had assumed that the 664k and 2.5M were production rates, I realize now that they are contained REO values !
Where do those conversion factors 0.0235 and 0.01175 come from ?

However I think my observation re Currency Units still stands ?

Hi Tony, You are pretty much spot on to my own Calculation of A$24.73/kg.
However Basket Price is just the start of the story as it only represents the in-situ value of each ton of Ore at the mine site,
Pensana will be producing and shipping a concentrate highly enriched in Nd & Pr, with a much higher value.

Please forgive me if I am wrong but I am not really sure what your following calculation represents; I assume it is EPS rather than an In-Situ Valuation ?, which would have to take into account the whole Resource, rather than the annual production rates ?

You might also want to change your Currency Units £13.72 = US$19.00
19 x 1000x 664,000x0.0235 = US$296M
19x 1000x 2490000x 0.01175 = US$556M

Using those numbers I get US$3.03 or £2.02/share, if that is the EPS, we can expect a SP of £20

****ant, why do you see fit to give Charting advice in one post then speculate in another "Why the price is dropping" ? You are either an experienced trader or a dumb shareholder but not both. Your down ramping is subtle but not unnoticed.

Can anybody explain how on Friday there was a trade for a fraction (2.68) of a share reported by LSE ! or how this morning a Bot transacted a single share at 110.5 but showed a Trade Value of 1.31. To me this implies that a Bot is trading within its own account, which surly must be illegal ?

Hi Charles, I totally agree, Lynas and MP are way overvalued, the first because they are using outdated technology and now have to spend at least as much as Pensana to rectify the problem they created by not respecting their Malaysian hosts, after which their OPEX is going to be a lot higher than what it is now, MP is a basket case being propped up by Fortress and the US Govt, Their OPEX is thru the roof with Stripping costs which need to be deferred until they get down to a limited amount of Ore running around 70% La Ce which are no longer in demand.

Pensana's "Ace in the hole" is their focus on Magnet Metals and developing a business plan that captures the UP-Stream profits not only in manufacture but also Recycling. Add to that our Registry that will possibly end up at being a quarter of LYC's and it is not that hard to recognize that Pensana will easily exceed LYC's MC in 3-4 years time.

Mumbles, You really should read and fully understand what is written before taking offense. My comment was in reference to your previous calls that Dumbo is not a Troll and should be excused as a disgruntled holder of other stock ~ Not that you yourself have trashed Pensana ! I think we have had this problem before on HC ?

That's no use to Dumbo, The Telegraph and Facebook discussion are controlled by PME Shareholders who remove Down rampers ASAP. I know Mumbles says he is not, but why would anybody who wants to see RBW residues treated at Saltend continually Trash Pensana.

https://www.thebushveldperspective.com/blog/public-articles-1/post/auctions-uncrossing-trades-and-evidence-of-manipulation-291

Hi Tony, I am not certain but I suspect there is a clue to how this was achieved in the latest RNS, Treasury, which is now empty.

Theoretically, I seriously doubt if the 'Experts" ie Company Lawyers, Brokers, Investment Advisors etc, got it wrong and would not have put their names to it, If it was not Legitimate. I myself was under the impression that they had around 25M available for allocation before needing to go back to Shareholders.

Most Ozzie RE hopefuls were on the rise today.

Hi Tony, You do have a point, it would be great to know more, at the moment all we can do is worry that we might be repeating the mistakes of others, Management say we are not, and I don't believe they are lying. What is good to see is the constant Questioning by non holders, which would indicate nobody has breached our IP yet.

If we Pensana Shareholders want more info' on how it all works, imagine how Elon Musk's investors must feel !!!

Hi Fireant, There is nothing wrong with asking questions when you are New to a Stock and are Genuinely interested, But when Trolls and Short Traders start asking questions that are designed to destroy sentiment and have been well and truly addressed numerous times by the Company or are on another Forums. Dumbo outed himself as a Troll last week. Could I suggest that instead of answering his questions we just ignore him ?

OH dear Dumbo, one of my sources has just fingered you as being a Peak Investor, no wonder you are upset. I can now see why you of all people should be concerned: But it still does not excuse you !

Peak has more than enough issues for you to be concerned about, I suggest you try to fix your own problems rather than make fallacious comment here; it really is rather bad sportsmanship to try and trip up your opponent in any race.

1) Four years on and they are still waiting for an ML
2) Shipping your (admittedly low level but still concentrated Th & U) to Teeside
3) No supportive Government to back you, in fact Tanzania is going to screw you for every $ they can
4) Little or no Infrastructure in place, hundreds of miles of road to an East African Port
5) Distinct lack of Expertise, All your experienced operators have left to join Pensana (and be justly rewarded).

Good find Mumbles, there was no way that the FT would have authored it.

Dumbo, Just because you did not write that crap does not mean you and anybody who reprints it could be found liable

You are clearly unhappy to see Pensana succeed where others are failing, which is fair enough if your interest lies with another Company, There is one simple remedy to your dilema, sell out of LYC,RBW,MKA or whoever and put that money into PRE. Other than that, I suggest that you question your own motives.

You have also failed to provide a proper reference, Your supposedly copied post is most certainly not from FT.com, the Financial Times is a highly reputable publication with a building full of Lawyers to vet any articles for Libelous comment.

As far as Radioactivity is concerned there are several studies done by Oak Ridge (Real experts) that have shown that the levels in Open-cut mines similar to Longonjo are about 1/10th of the WHO acceptable limits. So long as the Radioneuculids are not concentrated (Lynas) they present no issues at all.

Now I suggest you either retract that FT statement before Pensana's Lawyers drag you before the Courts

You really are very well named, Try reading previous discussion before raising Old and worn out arguments. Or perhaps you have and have just moved Forum: If so here is my previous response to a similar claim by a another Dump punter I call Shed, not you by any chance ?

We have had this discussion before, First off, the average Th grade at LJ is about 750ppm not 850, and the stated head grade for at least the first five years operations will be 0.61% not 0.325% ! But that makes little difference as it is immaterial to where the Thorium ends up.

So you are claiming that is ONLY the NdPr is associated with the Thorium, ? WRONG You will find that at both mines the Th is spread throughout the Ore body and is even found in the contained Waste,

Now Lynas don't seem to advertise their mining rate, but they do say that they send 20kt pa of Concentrate to Malaysia ~ so assuming a mining rate of 500ktpa of Ore containing 700ppm Thorium. Then put that thru your Mt Weld concentrator and you end up with 20,000t of Concentrate containing 350t of Thorium which you ship off to dump in Malaysia. Where it has now caused such a stir that Lynas is now at possibly RISK of a Class Action. I assume you read my Post on AID before it was moderated ?

Any idea what the Total cost of this Fiasco might be ?, Move to Kal, considerable CAPEX, increased OPEX. no wonder Management are always making Provision for some FU or other and that Dividends are but a dream for your Shareholders.

Where as, at Longonjo they will mine and process three times as much Ore (hardly any waste) containing about 900t of Thorium.

However this is where the difference comes in, Pensana then removes all of that Thorium and Uranium in the concentration process to then mixed back in with the 1.5Mt tailings and dispose of it back into the dumps, End result ~ almost no change to the current status of the Environment

Dumbo, You already outed yourself as a down ramper, Why are you insulting everybody by still thinking we will listen to a word that you say ? You will find the answers to most questions you can dream up in a reply I gave another Dumb punter on HC:

Eddie, please read and TRY to understand, if not get the Chemist to explain it to you.

Firstly: Why would Pensana stick to the 'Typical Processing Route', It is that is which got Lynas into all their troubles in the first place !

,All of your questions are ancient and have been well and truly put to bed by several posters, but seeing as you are a bit slow on the uptake, I will tell you once again..

1) That is a Standard statement for any Company in Development, (But you may want to ask it again on Monday).
The same could be asked of LYC Do they have sufficient funds in the Bank to fund the move AND meet future possible Legal costs ?

2) Please explain High Risk, Angola and the UK have welcomed Pensana with open arms, while Malaysia is currently telling LYC to FO;

3) Reference to a single sample, in reality the averages are similar to LYC's, The Big point is that LYC concentrate their U & Th and ships it off to be dumped in another country !

So what is to like, about Pensana ? A tightly held ~ 200M share registry, Possibly the biggest NdPr Resource currently in development, Two host Governments that are highly supportive, Well developed Infrastructure already in place, Very experienced Financial and Operational Management, Relatively short and secure shipping route, About as far away from China as you can get. the list is endless

But what I like most of all, Is that I purchased my Shares at an average of $0.20 and now expect to sell some at $20 in about 2-3 years time, So I already have a 10 bagger which is going to be a 100 Bagger