Member Info for Joe666

ERMA network brings together a growing number of organisations from the public and private sectors covering the entire raw materials value chain. The alliance is initially focused on the most pressing needs, that is, increasing EU resilience in the supply chains for rare earth magnets and motors, batteries, and fuel cells.
https://erma.eu/network/

FireAnt, thank you for your contrite reply

FireAnt, can you back your claim about directors selling shares with evidence? If it turns out that want you've said is untrue then it's a libelous comment. Perhaps you need to just cool off for a bit, you've had a busy day and said some silly things that you might regret in the morning.

thetriplestar, They're directors so they have to inform the company of any dealing within four business days, and the company must pass that information to the market by the end of the following business day. The Chairman, CEO and CFO have signaled that they are intending to go the full distance with Pensana. What we're experiencing now is a perfect storm for shorters who are exploiting the gap in news, low volume, unstable smallcap market with a coordinated campaign of aggressive deramping.

FireAnt, to be taken seriously you need to show a level of understanding. You've dropped a couple of big clangers here and that's undermined your arguments even though you've actually raised some very valid points. Just check things before you hit send next time and you won't trigger the BS detectors.

FireAnt, all very clear explanations of the risks but you haven't answered my question. For an example of a pumped share look at ARB, have you heard of it by any chance?

FireAnt, I am genuinely puzzled by the accusation of 'shockingly ramped'. I've been following Pensana for the past year and always considered it to be relatively under-the radar. The number of posts on this board rarely got to double figures per day up until recently and entire weeks would pass on twitter with no mentions. Please explain where the ramping was going on because I completely missed it!

I just looked up ‘flecked’ in the Urban Dictionary because I’d not seen the word used in that way before, still not really sure what you mean Dumbo.

https://www.google.co.uk/amp/s/www.urbandictionary.com/define.php%3fterm=Flecked&=true

Good question!

Spot on China. Recent example is Greatland Gold, CEO with almost a cult following but still handed the reins over to a more appropriate hire.

Dumpunter, Mkango don’t have a BFS on Songwe yet, it’s due to be completed later this year.

http://tiny.cc/6li1tz Pensana Telegram Group

I think trying to put a price on having a good ESG score is the wrong way of looking at it. As Oscar Wilde said a cynic “knows the price of everything and the value of nothing”.
How about thinking that the company will put ESG compliance in its DNA and use those standards to inform every decision. Rather than think ‘what’s it worth to me’ think ‘it’s the right thing to do’.
All companies are being exposed to greater scrutiny nowadays, good and bad will get noticed by the market and that will eventually filter into rewards, but trying to give it a valuation misses the point entirely.

I have an alternative theory regarding the PEK site on Teesside which is this. Mkango who have a very promising resource in Malawi have repeatedly stated that they have visited potential sites for a separation plant and that are focused on one in particular. Peak’s trump card is that they have a fully planned site with planning permission but their weakness is the unviable mine. The needs of both companies dovetail perfectly, there’s various ways it could play out and subject to negotiations, I see Mkango as having the upper hand overall. This is just my theory based upon a limited understanding, please feel free to challenge it.

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

https://www.allaboutcircuits.com/news/scaling-scarcity-risk-of-neo-magnet-shortage-in-evs/
"There is no real substitute for neo magnets. For mass-scale manufacturing of EVs under quota dictations, the shortage could affect EE resources."

The location of the Saltend factory takes it within the boundary of the Humber freeport, something the Pensana boss said would enable it to engage in frictionless trade with Europe.
“There is a package of things there which is perfect for us at this point of time” he said.
“I am not saying it recreates being part of the European Union but it takes away there very obvious negatives of being a Third Country to the European Union.”
Pensana is already speaking to Volkswagen and Volvo about its plans for a supply chain which it believes could bring great benefit to the wider Yorkshire area.
“It is a platform industry,” said Mr Atherley.
“Once you establish these oxides and metals are available, then lots of other companies start to spring off that. But if you don’t have the platform, if you don’t bring those oxides into the country, that platform gets built somewhere else.
“So you have to get the feedstock, and non-Chinese sustainable feedstock at that. Once you have that, you have a platform.”
Hull was selected by Pensana for the factory over rival bids around the country and Mr Atherley said there was growing enthusiasm around the north.
He said: “I can honestly tell you that if I said to you a few years ago ‘come and have a look at a processing site in Hull’, they would not have got on the train.
"Now they are excited, and it is part of the bigger conversation. It is about levelling up and it is about the narrative around the Red Wall and Rishi Sunak putting the Infrastructure Bank into Leeds - they see it as another aspect of that.”

1/2
Business
Pensana target Yorkshire supply chain for both electric vehicles and off shore wind turbines
Yorkshire Post
Mark Casci
By Mark Casci (mark.casci@jpress.co.uk)
20 May 2021, 602 words, English,
(c) 2021 Johnston Publishing Limited
*       
The company behind the plan to build Europe’s only rare earth processing centre in Hull has said it wants to create a complete independent supply chain for both the offshore wind and electric vehicle industries.
Pensana, which has been granted permission to build a £100m factory at Saltend in the city to process the rare earth which it will import from its own mines in Angola.
Rare earth, a crucial component in the offshore wind turbine and gas industry, is almost entirely processed in China but Pensana chairman Paul Atherley said his firm wants to create a sustainable supply chain in the UK to support the growth of these industries domestically, a process which begins with the chemical engineering which his firm hopes to have up and running in Yorkshireas early as 2023.
Mr Atherley told The Yorkshire Post: “What we want is for Saltend to become a rare earth processing hub. We will mine in Angola initially and then build on that base, we are talking to other companies about them supplying their rare earth, high value, high purity product to Saltend.
“And then what we are looking to do is not just produce the oxide but to then go to produce metal and ultimately team up with a magnets producer to produce the magnets.
“What we are looking to achieve is a completely independent supply chain of magnet metal for offshore wind turbines and electric vehicles.”
Taking the step to producing metal will require a significant increase in costs given the amount of electricity used and Pensana is speaking to Government to see if arrangements can be reached on this front.
It is already in talks with magnet manufacturer once it can produce metal.
“It will happen relatively quickly, said Mr Atherley.”
The location of the Saltend factory takes it within the boundary of the Humber freeport, something the Pensana boss said would enable it to engage in frictionless trade with Europe.
“There is a package of things there which is perfect for us at this point of time” he said.
“I am not saying it recreates being part of the European Union but it takes away there very obvious negatives of being a Third Country to the European Union.”
Pensana is already speaking to Volkswagen and Volvo about its plans for a supply chain which it believes could bring great benefit to the wider Yorkshire area.
“It is a platform industry,” said Mr Atherley.

I've always found liquidity a problem with this share, works both ways but when we're rising it really helps to move it sharply

https://tinyurl.com/srzvu8rm