Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
Theo which part(s) of the following extract from the recent financing update RNS are incorrect or misleading?:
Pensana Plc (LSE: PRE) is pleased to provide details of a revised financing and development strategy which will see the Longonjo operation fully funded into production.
• A revised execution plan allows for staged mine development which will reduce the upfront Capex to US$200 million with US$105 million deferred until year three.
• Major shareholder FSDEA to provide an immediate US$15 million loan facility as part of a broader US$80 million investment (subject to due diligence and the finalisation of investment terms) to facilitate the development of the mine and to provide the equity component for the proposed project debt facility.
• ABSA Bank has been mandated to arrange a US$120 million project debt facility which together with the US$80 million funding will fund the mine and processing facilities into production.
• The mine will employ around 650 people during construction and will create 420 permanent high value jobs.
• At full production, once the staged development is complete, Longonjo will target production of 38,000 tonnes per annum of mixed rare earth sulphate, containing 14,000 tonnes of TREO and 4,400 tonnes of NdPr oxide, representing around 5% of world production, for downstream processing or sold on the international market.
• Adamas Intelligence forecasts that due to demand from the electric vehicle and wind power sectors the value of NdPr oxide consumed will increase eleven-fold by 2035. Prices are forecast to rise from current levels of US$67,000 per tonne to US$100,000 per tonne by 2025, increasing steadily to over US$200,000 per tonne by 2035.
This is not correct. Snowden Optiro has reported a JORC compliant Ore Reserve (ie not a Resource) which is based the Feasibility Study.
https://pensana.co.uk/wp-content/uploads/2022/10/REPORT-SnowdenOptiro_Pensana_Longonjo_Ore_Res_Statement.pdf
eltoro i am sure that i post on behalf of the vast majority of the readers of this board when i wholeheartedly agree with mumbles.
your comments about angolans in particular and africans in general, are ugly, profoundly ****** and deeply disrespectful.
they have no place on this board (or in australia) and for those who have read the comments and have been offended by them i hope they appreciate that the vast majority of posters on this board are appalled by them.
General Secretary of the PP in Castilla y León, Francisco Vázquez. 14 June Vallodolid (EFE) “…in relation to the project for the exploitation of the uranium mine that the multinational Berkeley projects in Retortillo (Salamanca), the PP of Castilla y León supports this activated socially challenged even by the national PP, which yesterday supported the Congress of Deputies an initiative to urge the Government to paralyze this activity. "We are characterized by a certain coherence in decision-making and that is not going to change now, we respect the decision of the Congress but we will continue to maintain our position" in favor of the uranium mine in Retortillo (Salamanca), it has concluded.” EFE
Berkeley Energia# (Buy, TP 90p) - Construction milestone Delivery of the primary crusher de-risks the construction timeline for the front end of the plant as this is the major piece of long-lead time equipment required for the crushing circuit. This was one of the long lead items promised at the time of the November 2016 raise, so it is encouraging to see that the kit is on site and management are delivering on promises. This milestone also does a lot to demonstrate to the local community and government that the mine has transitioned into the construction phase. This, combined with the ongoing recruitment of staff from the local community, is strengthening local goodwill towards the project. The construction and commissioning phases are expected to complete in the second half of 2018 (in line with PHe of Q3 2018 for first production) and this work stream will deliver a series of similar milestones. We expect investors to continue to look for the advancement of the wider financing of the project which could include a strategic investment, equity, royalty and debt. This should be completed through the second half of this year, which alongside the delivery of further off-take contracts should offer attractive milestones for investors. The share price has drifted while we await these project milestones, which creates a buying opportunity for those willing to support the development of a low-cost, low capex uranium mine towards production.
Catalyst: U.S. DOE makes large cuts to 2017 and 2018 uranium transfers Event: The U.S. Department of Energy (“DOE”) has released a Secretarial Determination that notably reduces the maximum amount of uranium that can be transferred to contractors for cleanup services at the Portsmouth Gaseous Diffusion Plant. Bottom line: Very Positive. The development is positive to the uranium sector as it reduces the amount of uranium that was being dispersed into the market by the U.S. DOE. The 2M lbs U3O8 equivalent for the remainder of 2017 and 3.1M lbs U3O8 equivalent for 2018, are notably less than the 5.5M lbs U3O8 equivalent that was occurring in prior years. This is effectively an annual cut of 2.4M lbs from the market for the next two years, which is about half of the annual amount cut by Kazatomprom when it announced production reductions earlier this year of about 5.2M lbs U3O8. That announcement spurred a rally in the uranium spot price from US$20.25/lb to a peak of US$26.00/lb, or by 28%. We believe this announcement should provide a boost to the sector.
Nitwit GlobalX is not aproxy fir the uranium price. It us an ETF that owns a basket of uranium related listed Companies including BKY. U Particpation Corporation U.TO is by contrast a listed Company that buys and holds uranium. The uranium price (UxC spot) is little changed recently at around 23/lb is still well above the 17.50/lb when BKY did its insitutional raise last October. There is little correlation between BKY and U.TO which suggests that Global X may have been the seller ie it is a fund/ETF selling stock unrelated to the uranium price.
Jord Really? BKY rose strongly last year and raised 30 million from insitutional shareholders at much lower prices than this. The selling is slmost certsinly retail panicking over the green fake news ( are you a greenie pretending to be genuine poster?) the buyers will be the insututional holders who always make money in these circumstances.
Berkeley Energia | Buy | 90p TP | March Quarterly update The highlights of what has been a very busy quarter for the company are: the advancement of the land acquisition programme which is nearing completion; and the fact that the company has been able to secure a reagents supply agreement at costs significantly below the DFS forecast. This adds to the momentum in the project economics triggered by the capex savings on the crushing circuit. The longer term driver of value could be the delineation of additional high grade resource below Zona 7 where the company has found high grade intersections in its drilling. Positively the company is being very active in building its relationship with the local community through skills training courses. This is building goodwill which should stand the project in good stead in the future. BKY ended march with cash of $29m and no debt. It continues to advance discussions with strategic partners and potential financiers which are currently undertaking legal and technical due diligence. The company is not considering project finance and the financing will therefore not be conditional on the arrangement of offtake contracts. This will allow the group to slowly build a book of long term offtake contracts at attractive prices, rather than rush to fill the book which would see contracts struck on today's relatively low levels. The update on permitting points to the strong political and community support for the project and highlights that the company is permitted for all of the pre-construction infrastructure work that is currently ongoing. The next approvals are the locally issued Urbanism Licence and Construction Authorisation for the treatment plant as a radioactive facility from the Ministry for Industry, Energy and Tourism which are in progress. PH View: We expect the permitting of Retortillo to be complete by the end of 2017 which should leave the company on track to deliver on current development timeline expectations. Our valuation and forecasts remain unchanged.
Playboy my understanding is that the reason the Company has made no rns regarding a 'court decision' isnt that there isnt one! The Greens lodged spurious complaints with a court and then claimed there was a 'court decision' due.