Member Info for Chinasyndrome

MP is going to have to take over somebody if they want to stay in business, You only have to look at their published ore reserves, geology and current Satellite photo's to realize they have a very limited life span. As I have observed on a number of occasions, they are currently building a separation plant and digging a big hole in the ground so they can import concentrates for processing, the hole will make a good waste/tailings dump..

Even the Fossil-fuel loving Australian Government is now getting pro active with direct Investment into Rare Earths,
Come on Boris, don't let the UK be outdone by that Colonial ScoMo, put a hand in your pocket

Not sure why, but after two weeks of continuous downward movement; most of the ASX:REE companies seem to be doing a reversal today; ( PRE shareholders were not the only ones suffering.)

Lets hope that the trend has turned for a while as we have a lot of catching up to do.

What board are we looking at, I can only see 145k total volume so far today ?
I would imagine that if a large Investor really wanted a substantial position they would talk to PA first.
The Registry is too tightly held for a smash and grab raid to yield a significant holding.

WTF ! My computer self posted before I had finished !

Who obviously do not have English as their first Language. Luckily for us, they are quite amateurish in their whole modus operandi, they usually start off pretending to be Pro Pensana, once they have received a couple of likes they will throw in the occasional "Questionable" speculation, but the second they are called out (as I did last week) they will immediately dump a tirade of false, derogatory innuendo and down right lies. Such as happened with REO yesterday.

I think the boys on Telegraph are getting the idea re Cyber security, again apologies for the collateral damage.

Hogsnipe, my apologies if you think I was a tad harsh on you, I have held PM8 since they were 16c and in that time have observed quite a few serious attacks on the Company both from within Chat forums and on the ASX/LSE. Most target our Chairman and the Project. and are usually from Down ramping Day Traders. Every now and then one of our Chairman's personal enemies (he has a few) tries to discredit him, mostly sour apples and unsubstantiated.

But recently I have been seeing some slightly more sophisticated attacks, a couple have been by 'Agents provocateur's' who quickly turn their attack on me once called out, and every now and then there is a Strong attack by people who obvioulsy do not have English as

@Hogsnipe, it is plain to see what your agenda is, you manage to list every potential negative, don't even bother to explain why (de Santos) and completely fail to recognize anything positive. Is it personal or a vested interest elsewhere ?

Why not call it for what it is: Manipulation !

Just need to get rid of the 4 O'clock BOT,
3 trades totaling just 92 shares valued at £150 dropped the SP 4p ! or in other words wiped £8M off the Market Capital.

Suspect a Premature release, ie somebody at the Council got their order of notification out of whack.
Too late to withdraw it, perhaps a Trading halt until the Company gets Official notification ?

Nice comprehensive post Tony, although I think you may be a tad conservative on your revenue and SP predictions.

Also missing is a mention of the Northern EL which is known to have several more Carbonatite deposits, Coola, Sulima and Monte Verde have already been tested (results pending) and there are a couple of larger prospects in the NW that look to have the right setting. Given the predicted deficit in supply : demand for the next ten years Pensana could conceivably double or even triple production if required.

Being a long term investor, my three year target is currently £15+ so IMO there is still plenty of opportunity here for new investors, if they are quick.

It does not look as if too many people are that quick at mental arithmetic anymore !!!

We have all seen Roskill's Supply vs Demand graphs / predictions for the next ten-twenty years; a lot of work goes into compiling the statistics behind those graphs, ie They look at all of the Companies who are expected to bring "Projects" into production, factor in the size of the deposit and make an estimate of how many Tons per Annum they will be able to contribute to supply.

Now while I do not know the exact numbers, I would bet that Greenland was expected to contribute at least 20-30% of the Western Worlds supply requirements from 2023 onwards, So if we now take that away from the supply pool, what was a fairly big deficit now becomes huge !.

There is only one logical outcome ~ Prices are definitely going to rise, unless somebody steps in and makes up the shortfall. Longonjo - Saltend ?

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

Missing one point, The Coola Announcement was dumped on within 2 hours by Oz Day Traders milking the MC ~ IMO you could add at least another 10p to the current value on that alone. That should be rectified once the Coola drilling results are released, then add on Monte Verdi and Sulima + a possible 3-4 more outcrops that have been identified over the EL.

Well found, with any luck we may even see Approval by the 12th ~ which would leave only 5 more trading days to get on the Bandwagon.

Who let Daddy out of the home ?

I can not think of one start up company that does not need to raise funding before they get into Production. That Pensana has come so far without raising huge amounts of Equity speaks volumes for Management. Lynas needed a Billion and are still raising, MP !!!! multiples and yet neither of those two have anywhere near the potential of Pensana in two years time.

Somebody call a nurse to wheel the old fool back inside before he embarrasses himself in public.

The important bit is not stated, read between the lines: For the ATF to have progressed Pensana's submission/application they must have performed their own "Due Diligence" to some extent ie 'Somebody' will have examined the Business case in depth to make certain that this "Mine to Magnet" project has merit. Clearly that 'Somebody' likes what they see.

Certainly incorrect: IMO Pensana is way undervalued for what it has achieved so far; Longonjo is a Tier one Resource with a strip ratio of 0.1: and still has plenty of upside with extensions at depth and on most sides, then you have 5-6 highly prospective anomalies under Exploration lease. Most of the expensive Infrastructure is already in place, the Company is lodging Patents for a New and game changing Process, The company has secured a processing site that already has much of the necessary buildings in a Freeport zone of the UK which is going to attract a lot of Government assistance. Compare that to Lynas with Mt Weld with a strip ratio of >4:1 who have yet to build their Kalgoorlie Plant, or Mountain Pass with a Strip ratio >7:1 containing 83% low value RE's and wont have their Process Plant commissioned until 2024 ???? No Comparison, PRE is WAY undervalued.

Firstly the cost of the Rare Earths in a Magnet Motor are a fraction of the cost of the Lithium in the Batteries,
Secondly, by using Rare Earths in the Rotor, you do away with Brushes and the mechanical connect
Thirdly, Tesla changed to REE motors a couple of years back
yes other motors exist but most still cannot match the Kw/Kg ratio of the RE motor.
Lastly, to change motors you also have to change most of the other running gear, GM,VW,Tesla,Ford have already invested Billions, they would need a significant cost saving to justify changing their designs now.

@Badger, I wish you would do some research before you start typing; The ASX might be closed, but there were an awful lot of Oz DT's caught holding on close, and who then had to take Option 1, Those shares are only now being issued. So Wrong Oz DT's still have quite a few to get rid of ~ dump, so that they can repatriate their cash.

I'll bet that even you still have your PM8 shares, or was that you dumping earlier this week ?

And you really should be more careful, Your claims that Management and their mates are illegally manipulating the Market are unsubstantiated, defamatory and border on Libel;

Given that Management could probably release any one of five Announcements whenever they see fit, I suspect that this is just one last play in Oz Pest control. If Management are not concerned, neither am I.