Member Info for Joe666

Thanks Spartan, nice positive vibes among holders here, I’m going to get myself up to speed and consider a top-up.

TheSpartan, well done, how long have you been in? As a relative newbie (4 months) I'm sitting pretty but must admit I'm under-researched.

https://twitter.com/elliotswartz/status/1333926358582497289?s=21

Yes, I reckon they would merge so PM8 shares would become PRE. The reasoning is that now we're on SETS it's easy for International brokers to deal our shares in LSE. Not a definite but certainly hinted at in the AGM.

Cutting loose from ASX will help

Thoughts? Sounds like the ASX listing could be on borrowed time. Paul very upbeat as always, happy with progress on all fronts. Covered the many funding options but didn’t mention China once.

RBW 50% now, what a beauty!

I got some at 59

Just to add to the weekend discussion on funding, this is from the July 2020 RNS

The Company intends to proceed with an engineering, procurement, construction and financing ( " EPCF " ) model for the development of its Longonjo Project to ensure that the design and construction of the processing plant and associated infrastructure is funded through a single arrangement.

The heads of agreement establishes the framework for the Company and CGWIC to work together to negotiate and engage in discussions for CGWIC to be engaged as the contractor for the purposes of the engineering, procurement and construction works for the Longonjo Project and for the Company to procure financing for these project works.

The heads of agreement contemplates that the Company will seek the proposed debt financing component of the EPCF to be obtained from commercial banks in China with credit insurance from SINOSURE. The Company will seek to obtain such finance on the following indicative terms:

· debt funding to cover no more than 85% of project development costs (Company to be responsible for funding the remainder); and

· the term of the facility will depend on the particular terms from commercial banks and the life cycle of the project, but is not expected to exceed 8-10 years.

https://www.investing.com/equities/condor-resources

Cont. diplomatic skills and an deep understanding of Angola, China, UK relations

Yes, the Chinese factor is interesting. Paul’s video interviews from earlier this year were very positive on Chinese processing and funding. I’m sure he knows what he’s doing and will ensure all parties gain something from the project. A complex puzzle that require diplom

Boris Johnson will set out details on Wednesday of a £12bn “green industrial revolution”, insisting to Conservative critics that a new environmental focus will not cost the party votes in former Labour heartlands.

Mr Johnson, writing in the Financial Times, said the push for nuclear, hydrogen, electric cars and offshore wind power amounted to “one of the most innovative and ambitious programmes of job creation we have known”.

The prime minister’s 10-point green plan is central to his government “reset”, as he tries to map a future beyond the Covid-19 crisis — and to move on after the chaotic infighting in Downing Street in recent days.

For what it's worth my opinion is that the SP will rerate in January but until then it's going to be casually kicked about by MMs and DTs. Outside possibility that a fund or HNW individual decides to get in ahead of the herd but I reckon they'll wait for BFS. Expecting it to be like watching paint dry for rest of 2020 but will be happy if proved wrong.

China, Sorry I don't know who Yumyum is, I must have missed something, who are they, please explain!
Anyhow I'm feeling very happy about my investment going into 2021 and think the January update will be a turning point, bringing in more institutional buying and kicking us quickly. Today's update helps to spread the story but doesn't really add much new detail. The little drop today is IMO due to DTs moving on to their next punt.

China, was the ASX rise in response to LSE rise on Friday or the update? I guess we’ll find out on a few moments.

PM doing his best to get in Biden’s good books, great news for REE miners though so no complaints from me

Just an update Mike

From RNS: ‘An update on the BFS and the new development strategy will be reported by 16 November 2020.’

Yep, strong into the bell taking us back to where we were 2 months ago

Three sites in Local Enterprise Partnerships in the UK government’s Northern Powerhouse are being evaluated as part of the Wood Group study into a UK based integrated rare earth processing facility

Pensana is looking to establish a facility in the UK to process rare earths from its Longonjo mine in Angola with a view to creating the world’s fully sustainable mine to magnet supply chain for the burgeoning EV and Offshore Wind industries.

Three sites are currently being evaluated at Merseyside, Humber and the Tees Valley. Preliminary investigations indicate that each of these sites has skilled labour, reagents and power available at internationally competitive rates.

The study, which is expected to take approximately three months, has received widespread interest and will focus on sustainable development when considering the preferred process route, location, capital and operating costs, financing arrangements and available government incentives.

There is strong government support for investments in the green economy with the strategy to build back better, build back greener and to build back faster.