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The non-fracked LNG is mentioned in the short document.
https://notherenotanywhere.com/
This is what Paul is facing in Ireland. Opposition against LNG. If you look under publications (LNG Briefing Document Long February 2021) it provides quite a bit of background detail relating to Predator proposals. Sadly, these folk just don't get the point. Ireland needs a short term back-up supply and quite frankly, Predator have a very reasonable solution.
Agree, RMM isn't producing enough copper at the moment to make a profit. The day traders will move on when they realise... The Company is a good investment but will need 6-12 months before it makes serious inroads to it's 1350 tpd focus.
You learn from your mistakes. Those who have been following this (for years) knew it would eventually pay off. The best thing in future may be for you to take your initial investment off the table and let the profits run (it's then a free ride). I have no plans to sell anytime soon, it's far too exciting. If Morocco lands then it could be a life changing share for many. If Ireland lands it won't be too shabby either and Trinidad & Tobago is a nice little earner for the Company which pays the bills and has the potential to expand and expand.
I expect a major move on Pensana Plc when the Business Plan is released (incorporating BFS), not sure I need the charts to tell me that ;-)
Well at least that has put the Company on a more sound financial footing. Sadly it will mean that the shareprice won't be going anywhere for a while. As advised previously to the ramping crowd, it doesn't matter what the price of copper is if you aren't producing nearly enough.
Jaguar batteries will be supplied by AMTE Power (who float next week). AMTE will be concentrating on high performance cars.
It's been a good couple of weeks for PRD and today's RNS goes to show that the company is firing on all cylinders. Longer term shareholders have always known it was not "IF" but "WHEN". It was clear to see that the company had the expertise and assets, just simply a matter of timing. There's a long way to go with this one!!!
kept it for posterity...
"Hi Wlaw1
Charlie is not a highly regarded guy in the city. Unfortunately known for pumping and dumping amongst other things. He has all the background and training on paper but the chap will blatantly ignore issues with resource projects and hide from facts that are potentially critical to a projects success or failure. A serious faux pas in the eyes of the city regulators and how one should conduct themselves in the eyes of the market.
He works for SI Capital so is going to pump a stock if they are their broker, even if he knows that there are issues being hidden away or ignored from the general market/retail.
Just a word of warning or caution. These brokers and representatives have a habit of pumping stocks despite potential issues that could scupper it...at the end of the day they get their fees and all that."
I was wondering myself how it been deleted. Rather an abrupt start to a posting career on LSE if I may say so. Anyway, welcome CityMining, FWIW I think Charlie Stephenson is a thoroughly decent chap and he knows his metals, he generally makes a point of staying out of the ramping / deramping circus and lets the investor decide.
Thank you BwanaMakubwa for taking the trouble to ask the questions and for recording the responses, it was an interesting read.
vegasnomore - exactly my thoughts - Why make this announcement? I'm trying to read between the lines. Has non-fracked LNG been rejected and now Paul is offering CO2 EOR? A very interesting release, if only I knew what it meant.....
https://www.yorkshirepost.co.uk/business/time-government-deliver-its-freeport-rhetoric-humber-mark-casci-3119881
Humber pushing for designated freeport status. All of this will assist PRE with its plan for Saltend.
I guess it will be a hassle for some Aussie investors to take-up shares on LSE I can't see the reason myself but some just won't be bothered. Other reason for weakness has to be second delay on the BFS - just not good enough. Plus weren't they supposed to be breaking ground in Angola by January, I think that's slipped Paul's mind also.
Knowing that there is potentially a huge parcel of shares to be sold from 8th March is surely going to thwart any meaningful share price rise in the short term?
The reason why the share prise rose so quickly a couple of weeks ago was off the back of orchestrated ramps on Twitter (and the boards) based solely on the fact that copper prices have risen sharply and that the Company must be making millions....
That is all well and good unless you know at what price the Company is currently producing copper. RMM is undoubtedly a recovery play but recent investments were made off the back of hot air and little substance. At least now, the Company has provided a production update and it appears they are slowly turning the corner (under new stewardship). Unfortunately, they didn't provide the other side of the equation - how much is it currently costing to mine? It's a pretty simple ask surely. Hopefully, the C1 costs will reduce during 2021 and copper prices remain high. Then the share price will rise off the back of substance and not hot air.
https://agmetalminer.com/2021/01/26/u-k-developing-an-integrated-rare-earths-to-turbine-supply-chain/
It's all coming together very nicely. This new Pensana plant is effectively a rubber stamp job, all the infrastructure is in place and it is comparatively cheap to develop. Well done Paul - now get that BFS out tomorrow!!!
PRD is the most obvious buy and it has been for a while. Just need to keep the volume going.
Hi Nicodemus, Rare earths have done very well indeed - the PRE BFS is due within the next week or so and I expect huge uplift. I will then take some off the table and invest more here whilst the price is below 4p.
Well done Wacky - wasn't going mad after all....
Wind turbines are related to PRE (rare earths) but not PRD. I'm invested in both, perhaps I posted on the wrong thread.
T&T - has achieved proof of concept, many interested parties (not sure how many rigs or sequestration kits we have but most importantly it works).
Morocco - as soon as we get close to spud it will be the catalyst for shareprice movement (in a meaningful way).
Ireland LNG - who knows with politics, but it intrigues me. If Paul pulls it off then they sky's the limit. Market Capital would multiply overnight.