Member Info for Eloro

Thanks Hogsnipe. All of this begs the question why did PRE submit the original PP? Planning on the hoof! Surely if they had carried out a thorough Planning phase, they'd know what facilities they require and would not now need to waste time and money going through a 2nd round of PP. I am not impressed. If Paul & crew were students of Demming they would know they 4 key stages of Project management & TQC:Plan, Do, Study, & Act. The 2nd round of PP is evidence of poor Planning, or the absence of upfront Planning. I do hope that once this plant is up & running TQC & ISO quality control will be present.

Cheers Tony. That make sense. Hopefully the company will take us mushrooms out of the dark and allow us and our investment to see the light of day by means of an update.

I wish that thorium was the only thing to worry about. Instead, PP resubmission, project finance, and the lack of visible leadership who are executing and delivering are of higher significance. I am now concerned that this chopping and changing will become the norm.

100% agree with you PreNut. So far all we have is big talk, and very little progress that will add shareholder value. Paul need to start achieving some milestones and quit making promises which so far remain unfulfilled.

Hi Etf2, I can understand the benefits that will come from the new location with the scope for expansion. I am disappointed that we are starting again, with no comms from the company to us outlining what's going on, do to confirm that the finance is sorted. We need confirmation that finance is not a problem so that we can relax and wait for the development to be completed. Radio silence after we have been promised more engagement. We are not mushrooms, we need to be kept updated by the company and not hear things second hand.

From my perspective there is a delay. At this point we expected an update on the construction of the plant which has already been approved, and that the finance is in the bag. Instead, we have new plans submitted which is now in a new location which I think will have to go through the PP appoval process again. Plus, we still don't know the status of the financing. In my book, that is a delay. We are not advanced in the development. We are starting again with the new PP submission. I won't even mention the pitiful state of the SP.

While I can see that the new location offers more space for future expansion, I hate this dither and delay. So, we could be looking at another 6 months of waiting for PP to be granted. Meanwhile, we don't know if the financing has been finally sorted. It does give the impression of planning on the hoof and that more surprise unplanned changes could happen at any time. I am not impressed. I can only take comfort that M&G would not have invested £10M if they weren't impressed with what they found. PRE behaving like an AIM company.

I am inclined to agree that until the finance is sorted, Paul utterances are so much hot air. He need to pull his finger out.

You are so right Tony. Paul's promise to engage more with shareholders was just so much hot air. It would be nice to know if the USA listing is still being pursued. I really hope the Yanks put us out of our misery soon.

Agreed Mumbles we will be given the opportunity to vote on any offer. However, our power hasn't prevented the Yanks from acquiring a sizable position on the open market. They might get to a point where they have clout. I would welcome an offer I can't refuse .

I am pleased to see the recovery of the SP after that vote of confidence. I still think that the Yanks will take out PRE before long.

The man from the Pru getting involved is indeed a vote of confidence to have a distinguished financial house taking a piece of the action here.

I was hoping for a Santa Claus effect to the SP, not this constant slide. I live in hope that the Yanks or the Ozzies take out PRE in 2022 and put me out of my misery. Still, I can't imagine that Paul is happy after his 120p top up.

Look at MP moving and shaking. Magnet Factory for Texas and long-term supply agreement with GM. When are we going to sign off take agreements? I still think MP will take out PRE to secure future feedstock supply. At current SP, we are vulnerable to a takeover I think.

Hi Mumbles, as per my correction, the rotor doesn't need an electrical input. Only the stator require an electrical input in an induction motor. Statement from wiki "An induction motor or asynchronous motor is an AC electric motor in which the electric current in the rotor needed to produce torque is obtained by electromagnetic induction from the magnetic field of the stator winding.[1] An induction motor can therefore be made without electrical connections to the rotor."

Hi ManOnFire, The cooker and the induction motor rely on the same physics, ie magnetic induction. The reason why the cooker only work with pots made from certain metals is that whatever metal is used to make the pot must have ferromagnetic properties. Ideal metal is iron. Aluminium is not ferromagnetic so the cooker induction effect will not work with aluminium pots.

Sorry, let me correct myself. An induction motor only require input energy to the stator windings, which in turn induces a voltage into the armature windings which does not require an input. Hence induction motor. Whereas with a permanent magnet motor, energy is input into the armature. So, both types of motors only require 1 input energy, but to different part of the motor. So, it is possible that the same amount of energy required to produce 1N of force could be the same for both motors since each have only 1 input. So you would have to look at other features of the motor to see which one consume less energy.

Hi Dumbpunter, I now understand the point you are making. It's just that you used the wrong terminology when you said that a permanent magnet provides power. I would have said that a permanent magnet motor only require input energy to the armature windings, whereas an induction motor require energy to be applied to both the stator windings, and the armature windings to achieve the same mechanical output force, all other things being equal. ie you would have to make assumptions regarding the magnetic field strength, flux density, cross section area of the armature windings etc.

With all due respect Dumbputer, a permanent magnet doesn't provide power. It provides a magnetic field which can be measured in terms of flux, & flux density. If I recall correctly, a motor consist of a stator winding and an armature winding. In a permanent magnet motor, current is fed to the armature which produces a magnetic field which interact with the magnetic field of the permanent magnet which cause the armature to rotate, thereby converting electrical energy into mechanical energy, ie motion. With an induction motor, electrical energy is fed to the stator winding which creates a magnetic field. That magnetic field induce a voltage in the armature winding which cause a current to flow which produces a magnetic field which then interact with the stator magnetic field which cause the armature to rotate. Again, electrical energy converted to motion. The power fed to the induction motor is in the for of alternating voltage and current. No power produced by the permanent magnet, and the electrical energy applied to the motor isn't free.

Nice one China! I am curious to read his definition of free energy, and the formula used for calculating free energy. From an electrical perspective, energy equals power x time, units in Joules. So what is the unit of measurement for free energy?
I must admit that I was always sceptical when folks say posters have planted to talk the share price down to allow their masters to buy cheap. With the announcement of the large USA fund buying up PRE shares, I am now thinking there is some truth to that statement after all. Once again, I am excited by the thought of possible USA exposure. Looking forward to the promised news flow.