Member Info for Joe666

Anyone have any idea what we might expect here news wise in the next week or two?

The article is mostly positive but the Journo probably felt they needed to point out the risks to give it balance. Over 50 comments online so far, a mix of opinions, some very knowledgable, all showing the growing interest in Pensana and rare earths generally. I've topped up today.

“The UK and EU understand you cannot build a green economy on unsustainable raw materials. European companies do not want to depend on one source for 90 per cent of their supply,” he said, adding that he believed Pensana could capture 5-7 per cent of the market in wind turbines before moving into vehicles.

Pensana is UK listed and worth around £200m but Mr Atherley said raising the money through bonds should be straightforward.

Innovate UK, a government agency, awarded funding in November to Less Common Metals, a rare earth alloys producer, to conduct a feasibility study into establishing a fully integrated supply chain for rare earth permanent magnet production in the UK.

LCM, based in Ellesmere Port near Liverpool and the only rare earth magnet alloy producer in Europe, is also moving into metal production, plugging a gap in the magnet supply chain.

Hull is bidding for free port status, which would reduce taxes and import and export costs. But Mr Atherley said he believed the oxides would be able to enter the EU tariff free under the post-Brexit trade deal because of the processing involved.

The EU is setting up a European Raw Materials Alliance to establish a sustainable supply and processing capacity of rare earths. It is using €3bn of the EU post-Covid recovery fund for the initiative’s development.

Furthermore, UK Gov has made enormous pledges on ceasing sales of ICE vehicles and backing Dogger Bank windfarm. Neither of these are possible without NdPr magnets so why on earth would they block this application?

An open cast Uranium mine in Spain is quite different to a production facility in an industrial zone designated for exactly this purpose, add in the job creation and I think UK Gov will back this all the way.

Hull proposed for Europe’s first rare earths processing plant https://www.ft.com/content/80961cbe-53ee-4a9b-86dc-00b7ac7b79c2

No worries! Sunday night isn’t really the time for receiving these important updates, another good reason to delist from ASX.

‘expected up to 3 months to process’

£2 near term wouldn’t surprise me, one characteristic of this share is that when it rises it seems to jump quickly and hold the gain rather than bounce around. It floated up to £1.20 effortlessly but has since pulled back to 90s entirely due IMO to uncertainty from ASX shareholders, I expect that to pass in due course with the delisting. The big question for me is what price will the shares be in 3 years time.

mayorhumdinger, we are waiting on a major update from the company including results of the Longonjo BFS, promised by end of Jan. It could come any day now, that said the ASX delisting wasn't mentioned when that promise was made so it's possible it could be delayed by a couple of weeks. Either way it's very close and should include details on funding for the various parts of the project.

gilo, we covered this a bit on Friday, increasing demand from EVs and offshore wind are two of the main price drivers for NdPr, but not the only ones. Chinese, US and European leaders are squabbling over REE supplies, the share prices of future and current producers are rising (RBW and PRE have 3-bagged for me in under a year). Personally I think the sector still has a very long way to go, but, we all do our own research and it's quite understandable that we might draw different conclusions from the same information.

Q, What are the onsite assay facilities like please? Can ECR do their own core analysis on site?

A, Craig talked about this in an interview a few weeks ago, the answer is yes they can analyse the cores for their own guidance but would still need a lab to confirm the numbers before they can release them to market. He also mentioned that they’re able to cut the cores down and reduce transport costs to the lab which are significant. A CEO who’s not afraid to find creative solutions and do things his way is one of the key reasons I’m heavily invested here.

The interview is out there somewhere but there’s so many I don’t have to search it out for you!

realranger, take a look at Mode app on IOS (android coming soon) BTC, GGP and Euros, FCA regulated, 5% interest on BTC paid weekly.

Thank you GaiasKidney, yes I read that the geared designs required more ongoing maintenance, didn't fully realise that they were still being widely installed onshore though

Cheers Caribs, I agree 1-2kgs per vehicle and very ballpark on 200kg per 1MW of wind turbine.

Neodymium Use in Wind Turbines in the UK

Samsung S7.0-171 (prototype) 7.0 MW 1306 kg
Siemens SWT-3.0 3.0MW 560 kg
SWT 6.0 6.0MW 1120 kg
Vestas V112 3 – 3.3MW 616 kg
V164 8MW 1493 kg
Haliade-X 12-14MW 7000 kg

EV fleet projected to go from 7.2m to between 140m - 240m in 2030, (although he amount of rare earth elements required per EV will probably drop as the technology improves). https://www.iea.org/reports/global-ev-outlook-2020

GWEC Market Intelligence expects that in next 5 years (from 2019) over 355 GW of new wind capacity will be added. That is nearly 71 GW of new installations each year until 2024 https://gwec.net/

Beyond that it gets harder to calculate, projections vary and are changing constantly. It does seem that in my initial response to GaHo I have underestimated the demand from EV industry vs Wind though. Very back of envelope calculations show me similar demand levels for each over 5-10 years. New wind installations are being announced regularly and EV sales are growing fast - it's a moving target!

A couple of hours research which I wasn't planning to do but thoroughly enjoyed. There is such a compelling case for future demand drom so many angles it's mindblowing. Yet we fly under the radar so many UK investors, that's great for us loading up cheap shares now but it does make me wonder why when we seem to be in prime position.

As I understand it the projected Rare earth magnet requirement of the EV industry is dwarfed by the demand from planned wind turbines. I can’t remember where I read this, if I get a chance I’ll try and get some numbers. Anyhow Saltend will be supplying customers throughout Europe and beyond with our nearest competitors (excluding China) being in Australia and USA.

Sorry, my mistake, I got a Corporate Action alert from AJ BELL and this was top of the list, should have checked the date though, feeling silly now!

Agronomics Ltd have announced details of a subscription offer via a broker option. This will give eligible shareholders the choice to buy newly issued shares at a fixed price with no dealing charges.

Under the proposed terms, you will be able to subscribe for as many new shares in Agronomics Ltd as you would like at a price of GBP 0.06 per share.

As far as is practical, participation in the Subscription Offer will be prioritised for shareholders on the register as at close of business on 23rd October 2020.

To view the announcement in full, please copy and paste the following link into your web browser:
https://www.investegate.co.uk/article.aspx?id=202010260700081276D

'Nope, but i guess it was an ARB shareholder who was bailing out.' : )
There's a lot of them about at the moment! Let's hope some more find their way here.

20-Jan-21 16:34:02 49.83333 750,000 Buy* 43.00 44.00 373.75k
Anyone know anything about this?