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Tony i genuinely cannot understand what point you are trying to make.
First you post your concerns about a global equity market correction which seemingly will only impact PRE and not the other Companies you post about and now you are comparing PRE to an operating gold company in Tanzania?
Question for you are you actually a PRE shareholder?
Tony - probably worth another read of the RNS:
The Company, through its 84% owned subsidiary Ozango Minerais SA (Ozango), which owns 100% of the Longonjo project, has concluded a non-binding term sheet (Term Sheet) with the Longonjo lender consortium for a project finance debt facility (Facility).
The Facility amount is up to US$156 million with a participation of up to 50% between each of the lender participants.
The purpose of the Facility is to provide limited recourse senior secured project finance to fund the Longonjo mine, flotation circuit and refinery.
The maximum tenor of the Facility is to cover the construction period and ramp up to full production plus four years to an overall maximum of seven years.
The Facility is conditional on obtaining guarantees from the relevant export credit agency for which discussions are well advanced.
And your point is?
You sold, made a loss and are now indulging in some self justifying schadenfreud to make yourself feel better?
Actually Theo if you read the RNS its clear that it was the change in Spanish Government that was the reason that Atherley and the rest of the team left :
BERKELEY ENERGIA LIMITED
NEWS RELEASE | 11 July 2019
Strategy and Management Changes
Berkeley Energia Limited ("Berkeley Energia" or "the Company") advises that Mr Paul Atherley has resigned as Managing Director and CEO of the Company to concentrate on his other investments in the resource sector.
Mr Atherley has been Managing Director and CEO of Berkeley Energia since June 2015 and has been instrumental in its growth and development.
During his tenure the Company has significantly advanced the approvals for the development of the Salamanca mine up until the recent change in Government.
Despite the ongoing very low uranium price, Mr Atherley has led several highly successful financings which have placed the Company in a very strong financial position. He also led the listing on the Spanish stock exchanges which has resulted in over 30% of the Company's shares being held in Spain.
Mr Paul Atherley commented: "It has been a great pleasure to work with the very talented team in Spain over the past few years and it makes enormous sense to capitalise on the growing interest in the Company in Spain where it is now firmly established as the only listed mining company in the birthplace of Rio Tinto and modern mining as we know it today."
The board would like to take this opportunity to thank Mr Atherley for his very significant contribution to the Company and to wish him well in his future business endeavours.
The Company's focus continues to be on progressing the approvals required to commence construction of the Salamanca mine and bring it into production, as well as advancing the recently announced battery and EV metals exploration strategy.
The Company will however now set up its head office in Madrid and ultimately seek to recruit a suitably qualified Spanish National for the Managing Director and CEO role. Following on from the Company's successful listing on the Spanish Stock Exchanges in 2018, these initiatives are aimed at further enhancing the Company's strong engagement with its key stakeholders in Spain.
While the recruitment process for a suitable candidate for the Managing Director and CEO position takes place, Mr Robert Behets, Non-Executive Director, will assume the role of Acting Managing Director, with immediate effect, and will be assisted in Spain by Mr Francisco Bellón, the Company's Chief Operations Officer.
Mr Behets, a geologist with 30 years' experience in the mineral exploration and mining industry, has been a Non-Executive Director of the Company since 2012. He has extensive uranium sector experience and has previously spent considerable time in Spain providing technical and managerial support to the Salamanca project team.
Mr Bellón will continue to manage the Company's day to day operations and now take a lead role in its sta
Sqeaky bum Tim Theo.
After all your negative posts will we get a mea culpa if the PRE does get financed and commences construction?
BTW as posted previously Berkeley Energia did get funded. According to the RNS it was the Spanish government approvals that were the issue. PA left the company with US$100 million in the bank!
Lewis the share price matters for companies like Rainbow and Mkango which is why you see their CEO's constantly pumping the stock to retail investors.
PRE is being financed by M&G, FSDEA, ABSA et al and they don't care what the share price is.
SmartPunter if you keep posting on this board there is plenty more to come from me!
(btw Libellous means a piece of writing that contains bad and false statements about a person. The information i have posted on Chairman Zero is from RBW's announcements.)
Its grim reading the more you dig into RBW, its promoters and its phantasy technology.
(i will in future spare the readers on this board and post exclusive on the RBW board...)
As SmartPunter continues to post on the PRE site as promised we will elaborate on the reasons why we think RBW is a screaming short and going to Zero.
1. Chairman Zero. Shareholders in each of Petra Diamonds, Chariot oil and gas and the unlisted Alufer have been wiped out - but not Chairman Zero.
In December 2019 Chairman Pouroulis resigned from the Board of Petra and sold his 12 million shares for $40 million (?) - shortly before the stock tanked and the rest of the shareholders were wiped out!
Chairman Zero is currently transferring his shareholding out of RBW and the question is what does he know and why is he selling?
Will be interesting to see his next move. Will Sanlan disclose the sale of his shares? When will he resign? What has Berenberg said about his track record?
Awaiting SmartPunter's next post on the PRE Board for our next instalment...
As SmartPunter continues to post on the PRE site as promised we will elaborate on the reasons why we think RBW is a screaming short and going to Zero.
1. Chairman Zero. Shareholders in each of Petra Diamonds, Chariot oil and gas and the unlisted Alufer have been wiped out - but not Chairman Zero.
In December 2019 Chairman Pouroulis resigned from the Board of Petra and sold his 12 million shares for $40 million (?) - shortly before the stock tanked and the rest of the shareholders were wiped out!
Chairman Zero is currently transferring his shareholding out of RBW and the question is what does he know and why is he selling?
Will be interesting to see his next move. Will Sanlan disclose the sale of his shares? When will he resign? What has Berenberg said about his track record?
Awaiting SmartPunter's next post on the PRE Board for our next instalment...
Lewis fyi:
The 4.5 kilometre road linking the site to the Benguela railway line has been upgraded. The enhanced
road features include an improved roadbed substructure, a redefined road profile and rapid drainage
systems.
Serving as the primary route for inbound materials during construction and later for reagent import and
the export of Mixed Rare Earth Carbonate in containers, the road connects the mine to the Longonjo
station for rail access to the port of Lobito for shipping.
The Benguela railway line is part of the Lobito corridor undergoing a US$550 million investment from
the US Government. The investment aims to secure critical minerals across central Africa to be
exported via the port of Lobito and is anticipated to become one of Africa’s most important rail
transport systems.
As SmartPunter continues to post on the PRE site as promised we will elaborate on the reasons why we think RBW is a screaming short and going to Zero.
1. Chairman Zero. Shareholders in each of Petra Diamonds, Chariot oil and gas and the unlisted Alufer have been wiped out - but not Chairman Zero.
In December 2019 Chairman Pouroulis resigned from the Board of Petra and sold his 12 million shares for $40 million (?) - shortly before the stock tanked and the rest of the shareholders were wiped out!
Chairman Zero is currently transferring his shareholding out of RBW and the question is what does he know and why is he selling?
Will be interesting to see his next move. Will Sanlan disclose the sale of his shares? When will he resign? What has Berenberg said about his track record?
Awaiting SmartPunter's next post on the PRE Board for our next instalment...