Member Info for Dao2717

22 July 2022

The UK government announces the backing for a British critical material plant, providing funding through the Automotive Transformation Fund (ATF), managed by the Advanced Propulsion Centre (APC).

The grant unlocks further investment to create an expanded rare earth refinery at Pensana’s Saltend Chemicals Park near Hull, vital to supplying the UK’s low-carbon industries.

This facility is of strategic importance in providing the materials needed for magnets, which make up to 60% of the value of motors used in electric vehicles and wind turbines, and has been the focus of improved resource provenance for those sectors.
https://www.apcuk.co.uk/automotive-transformation-fund-boosts-uk-critical-material-options/

Theo - Looks like farewell drinks for you.

Theo - I will take you bet , How about if no groundbreaking at Saltend and the start of funding does not materialize by the end of this month i will disappear off this forum never to return , But if it does appear you will disappear and never return to this forum.

Securing ATF funding is a key development, demonstrating the UK Government’s support
for this important project in line with the newly launched Critical Minerals Strategy.

22 JUL Pensana breaks ground at Saltend and secures ATF funding.

Hi Tony , It must be a sad state of affairs for RBW if Dumbpunter is that paranoid and thinks PRE is going to steal its lunch, if what you say is true and he offers knowledge here , Why would one spend all their time on a stock they are not invested in down ramping multiple times on a daily basis other than he believes he has made a bad investment decision and trying to justify there position and dealing with inadequate issues.

Hi Capt , ARU - This was posted by Theo some time back on this board - Whats the chances its also on REO by Thomas.

Arafura is not straightforward. About 50% of the contained rare earths is tied up in the crystal lattice of another mineral and hence was not recoverable. This is alluded to in the feasibility study. Also there is sweet FA there. I mean absolutely nothing – no water, minimal dirt roads, no people, no infrastructure at all and so the remote access will be a major impediment and add significant amounts of cost to the operation. They also have to pump water 25kms to their site. However they do have access to gas if they tap the Armadeus pipeline and the Stuart Highway is not too far away. The sheer scale of the capex required is a major obstacle.

Dumb punter -Yes it was you as all downramping rubbish generates from you over and over on a daily basis , And no wonder you would not feel safe you week spinless cretin as you are probably afraid of your own shadow as you creep around the cellar.

More from Theo - Thomas for the board from past posting goes to CREDIBILITY

22 Mar 2022 17:50
I am very happy to repeat Pensana will not be getting any ATF funding. People with scrubland in Africa (and nothing else) are generally considered unlikely to contribute to the transformation of the Uk automotive industry. I am not quite sure why China and his Merry band of uprampers find this fact so hard to absorb and accept. There has never been any ATF progression. This company has a lot of form when it comes to misleading investors.

RE: ATF update23 Mar 2022 19:52
Sorry Mumbles to burst your balloon. But you are living in planet Zog. Examples of companies seeking to obtain funds from the ATF include Pensana, which owns some scrub land in an African abstention country and which is seeking planning permission for a toxic processing plant on farmland in East Yorkshire. The company does not have anything to process, has no proprietary magnet technology and no production experience but it optimistic that the UK government will write them a very large cheque. Have I missed anything out of this announcement? Is this announcement more accurate than the one you quoted? Don’t be afraid of being honest.
202206 Mar 2022 10:09
China you need to understand and accept that Pensana is not going to get any money from the ATF. And if you pause from your diatribes to think about it you will realise why. First there’s a clue in the title. Automotive Transformation. Second Pensana don’t have anything other than some scrubland in a Ukraine abstention country with some mining rights. Third it seems Pensana may not even have a viable site in the Uk. Fourth even if the company got finance, developed a mine and found a new site and somehow acquired the expertise, the technology and the colossal resources to become a viable producer, processor or manufacturer you’d be looking five years down the track. ATF is pure fantasy. On the subject of M & G this is a pocket money investment that buys them a good seat in the stands, that’s it. And whilst I’m here my prediction for the week coming is that we will see the share price head into the 40’s though that is likely a Ukraine consequence, everything will be hammered.

Dumbpunter - A tad early for you to be up at this hour, Incontinence problems again.

Just a reminder to the board one of Theo - Thomas previous posts.

RE: UK to set up magnet production?08 Nov 2021 09:06
You’re not getting it. There will be no ATF grant. It has never had any form of approval at any stage. Contrary to the Company’s claims there has never been any stage of the process termed “Stage 1 progression”. It was extremely misleading of the Company to ever have indicated some type of approval and indeed this probably did not help their cause. In any event there can be no reason to create a link between a company that has nothing more than some mining rights in Angola with the transformation of automotive engineering in the Uk. It was always a somewhat fanciful long shot on the part of the Company, I am sure any balanced person would at least agree with that!

Hi Theo - What a great week PRE has had with the Groundbreaking ceremony and the start of funding from the ATF now can be confirmed , And not forgetting , I was proud to launch the UK's first Critical Minerals Strategy, while breaking ground at Pensana's new £145m refinery in Saltend, East Yorkshire from Kwasi Kwarteng Secretary of State for Business, Energy and Industrial Strategy , Not long now until the end of the month TICK TOK

Theo
Groundbreaking by end of month -TICK
Start of funding by the end of month -

Just to remind you of our bet.
Theo - I will take you bet , How about if no groundbreaking at Saltend and the start of funding does not materialize by the end of this month i will disappear off this forum never to return , But if it does appear you will disappear and never return to this forum.

Theo - I will take you bet , How about if no groundbreaking at Saltend and the start of funding does not materialize by the end of this month i will disappear off this forum never to return , But if it does appear you will disappear and never return to this forum.

Theo- The only thing that is made up is your continuing mischievous assumptions to suite your own misguided agenda against PA and Pensana , Would be nice to let us know your grievances so we can understand your point of view instead of bargaining this forum with personal attacks, This is now time to put up or shut up as your creditably or lack of is highly questionable.

[ENG] This week @ukinangola is hosting a #MINEA visit to the #UK led by the Angolan Deputy Minister for Energy, António Belsa da Costa to showcase UK Renewable Energy Capacity. The delegates met with the PM’s Trade Envoy, David Duguid in London. Next stop, Scotland. ????????????????????????

Rare Earther/ Stuart - Here we go again the self proclaimed dictator of Pensana caring on again like a spoilt brat again , Once again stick to the stock and not personal attacks as you carry no authority here whatsoever and are doing more harm to this stock with your continual abatement than anyone else.

Hi Mumbles - Current PP is not going to impair on the funding ATM for the 4500t nameplate with the 50% off take moving forward , the new site will allow future expansion

Eloro - Will explain this once as Evan a simpleton as you will understand , The PP for the second site is irrelevant at this stage as it is for future expansion , The first site with full approval and the 4500 t nameplate is what is being funded ATM with a 50% off take done to satisfy the funder and to be released to the market in due course hopefully soon , Do not understand your petty behavior day after day , if you are not happy just sell up and move on and stop clogging this thread with your incompetence of understanding as you are embarrassing yourself on a daily basis.

Theo - Being a long term investor PRE has done very nicely for for me , Something your incapable of understanding with your limited intelligence , Very easy for any potential investors that has done their own research to go thru your posts and read your negative downramping sentiment containing untruths and lies from a bitter and twisted troll that cannot provide factual links or confirmed data to back up their delusional claims other than to cause FUD for your own personal gains, Being around long enough to see a SHORTER in action.

I think he is neither and is a necrophiliac.

Theo - You pest who cares what you have to say , You have zero credibility nada zilch zip diddly-squat . All you are is a serial pest - troll that know body gives two hoots about and are sick to death of listening to your verbal dribble.
Do us all a favor and p;;s off.