Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Let’s not forget that not long ago this share was valued at nearly £2. Since then things have progressed considerably. So how far this time? My concern is that we will be taken over and never achieve full value.
Surely one of the big miners will make a play here IMHO in the not too distant future. This production line is too important to ignore a company of this size. Problem is that if this happens, we will never be rewarded the full value, just be made significant offer which most will no doubt cash in on.
The European Union is pushing to establish Europe’s own supply of rare earths to reduce reliance on China for the elements crucial to the continent’s electric cars, wind turbines and mobile phones, as Bloomberg reported.
A plan released late last week by the European Raw Materials Alliance, of which Pensana is a founding member, calls for governments and manufacturers to support Europe’s rare earth industry. ERMA identified 14 projects in the EU that will require about $2 billion of total investment.
Australian Prime Minister Scott Morrison last week announced a A$2 billion loan facility for Australian critical minerals projects, explaining that global demand for critical minerals needed is expected to grow exponentially over the coming decades.
The Biden administration has acknowledged that 10X more rare earths are needed to meet its Electric Vehicle goals and has tasked the Department of Defense to investigate US rare earth supply chains.
Three years ago Pensana recognised this looming problem and set about establishing the world’s first fully sustainable and independent magnet metal supply chain in the UK.
Our Chairman, Paul Atherley, is meeting with senior UK government officials this week to discuss support for the Company’s Saltend rare earth separation facility, in the Humber Freeport.
It’s must be easy to play a market with so much unknown and unfinished and no doubt speculators are being played. Until things become clearer, we could be at £3 or £1. Bricks and mortar will underline the value as production will be in sight. We have a long way to go and patience will bring returns. Any lower and this could become a target for one of the big boys…IMHO.
There are currently no open short positions in Pensana Plc. https://www.lse.co.uk/ShareShortPositions.asp?shareprice=PRE&share=Pensana-Plc
Pensana welcomes positive credit rerating for Angola
Moody's Investors Service yesterday raised Angola’s credit rating for the first time based on improved governance and debt metrics.
Angola’s Eurobonds surged after the rerating to B3 from Caa1. Bloomberg states that it is the first time Moody's has increased the rating since its initial evaluation in 2015.
The news supports Pensana’s ambitions for its state-of-the-art Longonjo rare earth project. Longonjo is primed to become a critical source of supply for the Company’s Saltend separation hub in Humber Freeport, which will enable offshore wind and electric vehicle end-users investing in the green industrial revolution.
Earlier this year, Angola’s President Lourenço told international media that he hopes for Longonjo to be the flagship achievement of his mining reforms. Angola’s sovereign wealth fund remains Pensana’s largest shareholder.
The rerating follows events in June 2021 when the International Monetary Fund (IMF) provided US$772 million to Angola. The IMF has stated that it expects the nation’s US$62 billion economy to expand for the first time in recent years.
Pensana fills an important and strategic gap in the market. Who knows what its value will be but it will no doubt succeed. Sometimes one has to invest in something that feels right and this company does just that for me. Is the current price the right entry point? Who cares. It’s a long term investment as far as I am concerned. GLA.