Member Info for Kutzzzz

GoH - just because they spent $4m drilling isn’t an excuse to turn it into a mine if the geology isn’t favourable.

It’s the risk you take when you fund exploration. Not every prospect will develop into a mine, even with a small amount of gold there.

Exactly Ben, well written and so there focus should be on Mbe. I understand shareholders are desperate for news to create a share price rise.

Best way to look at it in my opinion is, Oriole do not have a loads of cash in the bank so why waste it on JV’s in Senegal, Wapouze or Bibemi when you have a proven, 1m+ oz gold deposit already in Mbe. That is where every penny is and should be spent.

Again, read the PEA on Bibemi and you’ll realise why it won’t happen. I’ve been around here for a long time Buythose, I’m not talking nonsense and it comes from a place of knowing the company very well.

No need to let the BoD know, I’m sure they already do.

You’ve read the PEA they made on Bibemi? If you think they’re going to develop a mine with an NPV of $12m?

We have 50% so $6m…

It’s not a bad thing, just when people include Bibemi into the metric , it’s a waste of time.

Focus is on Mbe from the BoD. It’s pretty clear that’s their mindset.

Not wapouze , not Senegal , not bibemi.

Exactly, not an easy life or journey so getting to this stage why take any chances the now…

I think it’s the latter novice. Shares get issued and money in the bank straight away but that’s my guess.

I wouldn’t focus on Bibemi, it’s a side show. It won’t develop into a mine. The focus from management will be on Mbe.

Why at this stage would the BoD cut any corners? They are at the cusp of production and integrating into the US national & economic security strategy. The chairman has 14m shares so why would he jeopardise that especially when a share price of £4+ provides generational wealth. I’m sure he would suck up working hard for that, as most of us would.

I genuinely can’t work out why you’re so negative around Pensana outside of an ulterior motive.

That questions are rhetoric so no need to answer them.

I see things slightly differently, first of all because I trust the BoD and believe they want the best for Pensana.

Secondly, if you read the FCS regs:

Full Disclosure: The notification must outline the complete structure from the ultimate controller down to the entity holding the shares , even if only a subsidiary at the bottom of the chain crosses a threshold.”

Thirdly, the vote is a formality for shareholders and will no question get passed so why use an SPV? Disclosing information on the UBO prior to the vote passing (in the unlikely event it didn’t go through) may been seen as falsely inflating the share price.

Why not wait until vote has officially been passed, agreements have been signed and then you can release the entity behind cascade.

I don’t doubt they will release all the information around the EGM, I’m sure realise that if it’s a transformational announcement on who is behind cascade, they will want the public to know as it carries far more weight. $160m unlocks more fundamentals however having a potentially big partner backing us creates a far bigger rise.

I also encourage anyone who is invested or considering investing to read the below article and you can see how Pensana fits into their economic and national security strategy as outlined by the DFC.

https://www.dfc.gov/media/press-releases/dfc-board-approves-new-investments-bolstering-regional-stability-economic

WASHINGTON, D.C. – The U.S. International Development Finance Corporation (DFC) Board of Directors today approved new strategic investments to strengthen U.S. critical mineral supply chains, bolster energy security, and reinforce sovereignty and stability among key allies and partners. The transactions reflect DFC’s continued use of private capital as a core instrument of American economic statecraft.

“Today’s approvals underscore DFC’s disciplined approach to advancing America’s strategic interests abroad grounded in financial sensibility,” said DFC CEO Ben Black. “Thanks to the hard work of our dedicated deal teams, DFC is proud to announce priority investments in Africa that strengthen essential energy and critical mineral supply chains. Through these projects, DFC continues to demonstrate that friendship and strength are built upon American prosperity.”

The Board approved transactions in Africa that will advance economic development, enhance energy resilience, and reinforce supply chains critical to American growth, security, and innovation. Due to confidentiality considerations, these transactions are not being identified at this time. As with all DFC approvals, these projects remain subject to additional steps prior to commitment and closing, including Congressional Notification.

Unfortunately the U.K. and Europe are not making the same concessions the US is regarding rare earths.

PenSana were going to refine in Saltend, UK but government didn’t want to dip their hand in their pocket and have subsequently lost one of the largest rare earth mines in the west. They can expand it to a billion tonnes and it will be the largest.

In any case , the US take this seriously which is why they’re throwing money at it unlike U.K. and Europe.

I haven’t researched Mka, I’m bias towards Pensana for sure but worth a look Tro.

Pensana also have a heavy rare earth circuit to add onto their refining process. Adds an additional $50m in revenue just from that outside of their NdPr

Exactly Troajan.

The risk with Pensana is a lot less and you’re still probabilistically talking about 400 - 500% gain with them and it’s a proven resource and the mine in production in 12 months. Should be listing on the Nasdaq in June as well.

Gold is flying. Oriole continue to deliver great results. Happy days all round.

I understand Altona is still in the exploration phase ? Mcap £4m but realistically it’s years and years away from being anything meaningful.

I’m interested in the latter phase and Pensana is probably the only option which is integrating itself into the US National strategy for Critical Minerals that will be producing in 12 months. Their mine is also one 3rd largest in the west? Expansive drilling will take that to No.1.

Hey mate -

Purely Pensana. It’s the only viable option for rare earths. The only mine coming into production anytime soon ( end of this year) to supply the eVAC / US with their national security strategy. MP doesn’t have the capacity to meet demand. USAR - their mine is low grade and high strip ratio, not economically viable. Pensana is literally the only option. Loads of rubbish RE’s companies trying to ride the wave whilst lacking fundamentals. Pensana ticks every box to meet US needs right now.

EXIM (Us gov.) final approval for underwriting the mine debt $160m should be fully approved very shortly. £1.03 now will be £5 EOY or sooner.

This chat is like a cesspit.

For what has been largely positive the last month or so.

21m @ 3 g/t + is decent. First hole at Mbe North.

I don’t understand the market reaction but the amount of drivel on here is diabolical. The reason I left in the first place.

HNY Cekim. Hope you’re well mate.

Should be a good start to 2026

21m @ 3G/t

Speaks for itself from the first 2 holes. Onwards and upwards

427,000 went through after the bell. Someone is taking a big top up and likes what they see.

Appears this week was housekeeping for Pensana, tidying everything up prior to Jan and it looks like it could be an interesting start to the year. All things be equal , I look forward to making some serious money.

Dumb punter -

If China is an insider , then he is surely the only one worth listening to on this board ? That’s and Mumbles.

Remax - that doesn’t really make any sense, if they run the price to $4+ without consolidation, we all make shed loads of money, the only expense to retail shareholders will be having to workout is CGT on your profits?

That's exactly what I'm doing, who else would I base my information off? As the front man and chairman of the company, who has gotten Pensana to where it is today from a potential Angolan mine to critical infrastructure for the US. It probably hasn't been an easy road, I'm sure things haven't worked at times out exactly how he wanted but you have to adapt to market conditions, economic factors and play the cards as they fall. I'd argue that Pensana is in a completely different place to when you might be referring to. The days of struggling to finance Angola and going around with the begging bowl are over.

It is his job to be optimistic. I have never met him but from what I have read gives me no reason to challenge his integrity.