Member Info for Joe666

Metal - I was just trying to put it in context, obviously Dumbo and Theo will spin it to fit their agenda, I don't think we need to help them in that endevour! A quick look under the bonnet of LCM reveals that they aren't completely impartial and our resident trolls certainly aren't.

Metal - Pensana aren't reliant on UK government, although an ATF grant would be welcome it's not essential. The choice of Saltend made sense because of the existing infastructure, capacity for expansion, port access and, very importantly, a high skill workforce - freeport status further enhanced the case. While the UK was and is an attractive site for the plant it doesn't restrict Pensana to offtake agreements in the UK - I view the risk you descibe as negligible.

Next few weeks are primed to be transformational for Pensana.
FEED announcement due anytime now, could drop on Monday or even better, after hours today...

20 pages (including cover) and 6 months old when published, if was working at ATF I'd be asking was this good value for taxpayers money?

Nov 2020 - May 2021 ?!

Dumbo, you are as tedious as a twice-told tale,
vexing the dull ear of a drowsy man.

"Charles, why are you yet again resurrecting Thomas's FAILED arguments re VAT and the prices quoted on SMM ?"

Clearly the reason is to draw a reaction from genuine investors a detract from the positive sentiment that is currently building here. He has worked the same trick before and based on past performance I expect he'll continue to drone on about hypothetical scenarios to fit his agenda. It's different approach to DP and Theo, more subtle but ultimately they're aims are the same. Probably best not to engage as he really can go the distance and will waste a lot of everyone's energy as we discovered a few months ago.

Hate to burst any bubbles here but cut and pasting science blurb doesn’t make you a chemical engineer. Pensana have arguably the best and definitely the most experienced rare earth specialist metallurgist outside of China who is handpicking a team to perfect the complex processes required to get from ore to oxide. Don’t expect this work to be published for obvious reasons.

Can’t see any sense in an outright takeover at this stage, the bidder would have to pay way over the odds to persuade major shareholders and then take on all the risk of funding and construction. Give it a couple of years and it may then be a realistic option that would suit both sides, until then I don’t see any logic in it.

Great to see you posting again GaiasKidney

Five shares you can buy to hitch a ride on the EV boom

As Cop26 nears, Katie Tarrant roots out five innovative ways for retail investors to play the coming boom in demand for electric vehicles

Sunday October 24 2021, 12.01am, The Sunday Times

Pensana

Pensana wants to build a £100 million plant on the Humber

Mining company Pensana is hoping to position itself as a key supplier of rare earth metals, producing the metal oxides needed for magnets to go into electric cars.
A £15 million equity raise in June kickstarted construction on a £100 million plant that Pensana wants to build on the Humber. It says this will be the first big rare earth separation facility to be built in over a decade and the first located in a freeport.
Worth £244 million, the London-listed company, founded in 2006, aims to produce about 12,500 tonnes a year of rare earth oxides at the plant. It says this would represent 5 per cent of the world market in 2025. Chairman Paul Atherley has described minerals and metals as the “enablers of the global energy transition” as carbon prices increase. Pensana is hoping to raise additional funding for the Humber plant through bonds and a slice of the government’s Automotive Transformation Fund.

https://stockboxmedia.com/interviews/altona-rare-earths-ceo-joins-us-for-an-announcement/

I thought this was a great update on recent progress and a chance for Christian to pay out his vision for the next 3 or 4 years. Seems glaringly obvious that at current mcap Altona is punching way above it's weight. Next six months look set to be very exciting for shareholders, even more so if you're lucky enough to have warrants.

Good that the two licences cover both iconic clay and carbonatite resources, but what's really crucial is the ability to mine both heavy and light rare earths. On the light side neodymium and praseodymium are experiencing strong demand and subsequent price increases, but the heavy dysprosium is also predicted to be in supply deficit during this decade. There are plenty of much larger rare earth companies who cannot currently offer the full range of elements required for permanent magnet production so Altona are already positioning themselves to have a competitive advantage. Second mover advantage could also play a part as Altona can learn from some of the mistakes that other western rare earth companies who are further ahead in development will inevitably make, and also replicate processes that are successful. With China something like 20 years ahead of the West in the supply -chain there will be plenty of support and interest from European and American governments who can't fulfil environmental promises without critical raw materials.

No problem Lewis, LSE admin will probably take it down tomorrow

http://tiny.cc/6li1tz Pensana telegram group

They may well try but the bulk of shares are held by just a few individuals, ASWF and the BoD. For an offer to succeed it would have to be ‘too good to refuse’, in other words far higher than current SP. I’d rather see the company grow independently, possibly with a major taking a significant stake linked to an off take agreement. Having said that a takeover windfall wouldn’t be a disaster for long term holders.

Investment Bank Liberum sees significant upside in London-listed Pensana as one of only three UK companies to meet the climate leaders gold standard. https://m.miningweekly.com/article/investment-bank-recognises-pensana-as-climate-leader-2021-10-11/rep_id:3861

As happens so often this thread has strayed far from the original question without a satisfactory answer to the original question ever being found. Theorist, you seem to have an answer for everything, please enlighten us.

SunDrum - I think it's highly unlikely anyone who could answer that question would waste their precious time posting on a share chat board.

"Does anyone know of this outfit's capabilities and track record in rare earths? Will they offer their services to Pensana at some point in the future? Do they work with them today?"

I've never heard them mentioned by Pensana in any RNS or company presentation. I notice that they're based in Mersyside which was one of the shortlisted locations for the separation facility that was awarded to Saltend, Humberside. Hopefully there's no hard feelings about that decision as it was really no contest in the end with everything that the Saltend site has to offer.

https://archive.ph/Gpeuk

"Far more vulnerable are the world's batteries, electronics and power systems which require "rare earth" metals. America ignored security warnings when it allowed its own mining companies to close or be acquired (one ended up with Deng Xiaoping's family) from the 1980s onwards. And now almost all rare earths are mined in, or for, China; the Middle Kingdom is where most of the refining takes place. Amazingly, the Lockheed Martin F-35 Joint Strike Fighter can't get off the ground without these minerals. Japan, after being threatened with a rare earth embargo by China a decade ago, embarked on a strategy of supply chain independence, and its reliance on China has fallen to 60pc, illustrating how long fixing this will take."