Member Info for Chinasyndrome

Probably because your Bid prices was lower than the sell price ? try putting a bid in higher than the sell next time.

Half true, and a classic 'Sting' operation.

Just an observation, but the last time we were hit by a similar attack was back in February 2020,? At that time I accused a certain negative poster on HC as being behind it and suggested he was in conflict as a Compliance Officer with a major Bank ?  ?The very day that I called him out, he disappeared from HC and  the down selling immediately stopped ! ??I wonder if he has reincarnated himself as Hamilton ?

It has just been pointed out to me that all Placements on the LSE are made at the preceding 1 month VWAP..
Which currently sits at around £1.40

It is called a Bear Trap.

Given that I suspect that they are operating out of New York, (look at the time stamps on YETi's posts, and as I said a well rounded Bank0. I would not hold out much hope of them being ethical ! Of course they will hide, probably under the nearest Rock.

As I said yesterday I would trust a Nigerian Prince ahead of aa American Financier !

Hi Bwana,

As I understand it, a normal short seller borrows/leases shares from a Broker, that he then sells below market price intending to create a panic ~ SP goes down, Shorter then buys back in and returns the shares to the Broker making a profit between his sell price and his buy back in price. Brokers are obliged to notify significant volumes >0.5% of shares lent to anybody.

However, If a large Share holder Mortgages his shares for say 2 years, The Bank/Institution can trade those shares anyway it likes (other than lending them).  So if the Bank and say a major financier wanted to acquire a large percentage of the Target company without forcing the SP up, then they quite simply use those mortgaged shares to start the avalanche of driving the price down, periodically buying them (and whatever is shaken) back, to again resell them as the price slowly descends.  So as long as they have more than the original number of shares to return to the owner at the end of the 2 years, they are in the money !  or if my suspicions are correct  they have accumulated a large position at very little cost.

Hi Tony, I would not hold my breath on that 0.5% Short trigger, I suspect it only applies to Borrowed share.

I have been told by one influential Share holder that he is aware of at least two Million Shares that were Mortgaged to a well rounded New York Bank. I also believe that a certain NY fund that specializes in financing RE operations would dearly love to Float Longonjo on the NYSE; to do that they will need to separate/steal it from us.

On matters of Disclosure and Probity, I personally would trust a Nigerian Prince well before any American Banker

Perhaps the West is no longer taken in by Shanghai's price fixing ?

Neodymium Oxide Nd 87.40 109.30 0.00 0.00% May 31, 2021 12:07
Praseodymium Oxide Pr 85.80 107.20 17.20 25.07% May 31, 2021 12:07

Shanghai appear not to be updating their prices anymore !

Praseodymium Oxide (USD/mt) 79,336.68-80,892.3 80,114.49 May 25, 2021
Neodymium Oxide (USD/mt) 76,225.44-77,781.06 77,003.25 May 25, 2021

Hi Tornado, Yes a merger would be advantageous for PEK, it would give them access to the new technology and a back up supply just in case Tanzania sells out to China, However I can't see that much to gain for Pensanna ? other than additional Ore, which we already have more than enough of ~ to last my Grand-children's lifetime ! Then you have to consider where is PEK going to get that grant they keep talking about from ?. Certainly not ScoMo ! and would Boris help an Australian Company before a British one ? Biden or Merkle might chip in but would want that plant in their own country. Pensana certainly has the inside running on that one.

And if you are still not convinced, have a good look at PEK's 2017 Business Plan, there are a lot of numbers in there that don't really add up ! or make sense. If I were an Investor thinking about making them a Loan I would certainly be insisting on a full revision of the numbers and a proper explanation as to where everything ends up.

I wish Peak all the best in their ventures, the West needs all the REE it can get, I am sure that they will eventually get into production once they can get their SML granted and begin hiring some experienced Operational personnel to make it happen.

My apologies to all for not spotting this earlier:

Todays SMM price for N52, NdFe Magnet Blanks is quoted as US$40.72kg
On 17th March when RE prices began to slide, those same N52 blanks were US$41.55/kg, corresponding to only a 2% easing of price in over two months

On the other hand, Rare Earth Oxides have over that same period have fallen roughly 25%,

Which goes a long way to explaining the general slide in all Rare Earth Mining Companies share prices.

HOWEVER, we should remember that Pensana is going to be more than just a Miner, our BOD made the wise decision to become vertically integrated in the whole Magnet manufacturing process, hence Saltend, and eventually the recycling story.

So while Company SP contraction can be explained by the drop in NdPr prices for most RE miners. as they are set by the SMM REO prices, Pensana should not be influenced anywhere near as much as our end product will be RE magnets not REOxides

IMO Our SP has been inappropriately discounted over the last two months !!!!

Also keep in mind that a N52 grade magnet only contains around 30% Nd and about 68% Fe, 2% Boron and traces of Al & Tb

Which is why, going to Magnet manufacture adds so much value to the mined product ~ essentially that Nd at Longonjo will end up being worth US$120,000 / t at todays prices ;

Clearly, the Chinese are making huge margin when they are only offering $4,500/t for 40% RE Concentrate !!! No wonder they want to maintain their Monopoly and stranglehold on supply, even more so once supply shortages kick in.

Most of the ASX Re Companies had good gains today. fingers crossed for the LSE tonight.

Twaddle, This is a Tree Shake by Brokers acting for a serious investor, All the big trades are Off-Book, while the majority of medium sized Aussie Investors/Traders use IG Markets with direct access, Also look at the course of sales ~ this dump is being driven by strategically placed sales designed to panic holders,

In Australia we have seen this pattern a number of times in the past, it usually precedes a significant announcement that sends the SP into orbit. Not suggesting that somebody is trading inside information but they can clearly see that a major Ann's is imminent.

I wonder when all of those shares that were dumped a few weeks back have to be replaced by ? EoM ?
They are certainly not going to do it at this weeks Volumes ! something is going to give sooner rather than later.

Agreed, PA did an outstanding job at Berkley, Full steam ahead until a bunch of Urban Greenies decided to initiate a Legal roadblock, despite over 90% of the local population being quite happy to host the mine. That the Legal obstruction is only just now beginning to be cleared four years after Paul removed himself from the payroll, indicates to all that the Greenies were against the Mine, not the management. If anybody knows of a (legal) way to negate such actions, I am sure Corporate America/EU would like to hear it.

Getting a lot of time consuming small jobs out of the way before the big items. Could even make money stripping out old equipment if it has any scrap value :)

@onlybpc, Drinking with :- JJ, Eric & Gilberto in Yangon or Roland and H ? in Mandalay.

That Myanmar production is mainly stuff that was illegally mined in Yunan, and taken thru the Customs checkpoint at the Border at Anwar to "Legitimize it". Apparently now they are not even bothering to take it In-Out and the Myanmar Customs Agent is just signing blank certificates ! However quite a few Chinese miners have now moved across the Border and are now rape and pillaging the valleys in Northern Myanmar.

At last: Spotted in this weeks: Sunday Times: Seems we are not waiting for the ATF :)

"Why China's stranglehold on rare minerals could cost the......

By Jamie Nimmo; The Times; 11:41AM May 16, 2021;
Comments ...

Work began on Thursday at the Saltend Chemicals Park in Hull for a new rare earths processing facility, which would be ...

For anybody who has a subscription>
hxxps://www.thetimes.co.uk/article/why-chinas-stranglehold-on-rare-minerals-could-cost-us-the-earth-fvn3j6jt6

My apologies about the formatting:

When you see our SP dropping like this you have to wonder why ?

?Not so long ago it was closing in on $4, You only have to look to see that nothing has been reported that changes the fact that the FUNDAMENTALS that supported that price are still there and are still rock solid. !??

Longonjo is still there along with the Railway and Port?
The Angolan Government is highly supportive?
Saltend has received Planning permission?
The UK Government is highly supportive?
A business Plan has been released showing an NPV8 of US$2,3B which suggests a current FV of $3-4 is spot on.
The projected shortfall for Magnet metals is growing every time some Analyst recalculates the numbers ?
We have a suitably experienced BOD who know what is now required over a realistic time span.?

Just keep in mind: ?Most Banks require 90 days to organize a Home Loan, the BP has only been out for two weeks ~ ?
Financing a Mine and Process Plant is not done overnight !

When you see our SP dropping like this you have to wonder why ?  ?Not so long ago it was closing in on $4,  You only have to look to see that nothing has been reported that changes the fact that the FUNDAMENTALS that supported that price are still there and are still rock solid. !??Longonjo is still there along with the Railway and Port?The Angolan Government is highly supportive?Saltend has received Planning permission?The UK Government is highly supportive?A business Plan has been released showing an NPV8 of US$2,3B which suggests a current FV of $3-4 is spot on.The projected shortfall for Magnet metals is growing every time some Analyst recalculates the numbers ?We have a suitably experienced BOD who know what is now required over a realistic time span.?Just keep in mind: ?Most Banks require 90 days to organize a Home Loan, the BP has only been out for two weeks ~ ?Financing a Mine and Process Plant is not done overnight !