Member Info for Mumbles2021

SP stop talking about stuff you havent a clue about. the 25 million was drawn down directly by Ozango limited, and too quote in the Annual report, "AT SUBSIDIARY LEVEL", Pensana is only a share holder of Ozango, same as the FSDEA (10%) and 2 other Angolan shareholders (6%), it does not have liability for Ozango's debts, unless a parent government guarantee is given, and in this case it hasn't.

Not Pensana, the debt conversion is a Pensana liability to be converted, the 25 million draw down isnt

Hogan’s, t think she is a bit late https://news.sky.com/story/uk-suffers-blow-in-bid-to-become-minerals-superpower-as-its-snubbed-by-its-own-leading-firm-13450917

Apologies, reread and good point taken 😁

Obviously, competition should be completion

Canaetoad it’s all in the presentation published on the website in September. Competition backend of 2026, with commission and full production front end of 2027

Going back to the volume discussion. A better metric is daily volume as a ratio to total shares on issue. Mp currently has mega liquidity. Pensana liquidity, is more than 10 time it was this time last year

Correction Novice157 please. Pensana is listed on the main exchange, it is not an AIM stock. You are not the first to say this, and I guess not the last…..

You are comparing number of transactions a to share volume. Pensana share volume was about 1.6 million

Hi Deborahm, just a quick correction, the company’s financial year runs from July 1st to June 30tg. So the annual report is due in the next few days. Which should also be an interesting read. I suspect they are still writing it, then deleting it, then rewriting. It as the current events unfold

Hogsnipe referring to Angola as “secretive” about its debt to China and that nobody knows which projects are still in hock isn't really accurate.

Angola does publish quarterly debt bulletins through its Ministry of Finance, showing total public debt, currency mix, and creditor breakdowns. As of late-2024, outstanding Chinese loans were around US $17–18 billion, roughly 40% of external debt – so yes, the largest in Africa, but hardly a mystery figure. Reuters and the IMF have both confirmed those numbers publicly.

The so-called “hidden” part relates to the terms of specific loans – interest rates, grace periods, collateral clauses – which are confidential like in many bilateral deals. That’s a far cry from the government being opaque about the overall debt picture.

For reference:

• The Benguela Railway rehabilitation (Lobito–Luau) was financed by China Eximbank and built by China Railway 20 Bureau, completed around 2015.

• The Lobito Port modernization (~US $1.2 bn) was also financed via Eximbank and constructed by China Harbour Engineering Co., handed over in 2013.

Both projects are now fully operational, and the Lobito Corridor is currently managed under a new Western-backed concession (Lobito Atlantic Railway), supported by the U.S. and EU’s PGI initiative — so those assets aren’t “in hock” to China anymore.

So, fair to say: Angola borrowed heavily from China, yes. But the figures are public, the projects are documented, and the “secretive” label doesn’t fit the facts that are publicly available

SP, RNS saying balance sheet cleared and SP closed 1.32% up, that’s 15% in 5 days, just how much do you make on you stock picking side line. Seem the market thinks the same of you as the rest of us do…. Actually that’s not true, the market hasn’t got a clue who you are,

Big step forward today. Pensana has issued 4.83 million new shares to Wood Group in settlement of its long-standing Saltend engineering payable — roughly $10 million now cleared.

This was the same liability previously described in annual reports as being under continued forbearance. That chapter’s now closed.

• From Pensana’s side: trade payables down, equity up, no cash outflow.

• From Wood’s side: an impaired receivable turns into a tradable equity stake — a doubtful debt becomes an asset with upside.

Symbolically, it shows a Tier-1 contractor converting debt into belief in the project, and it cleans the balance sheet ahead of the NASDAQ listing process.

📅 Next key milestone: Pensana’s audited Annual Report for the year ended 30 June 2025 must be published by 31 October 2025 under Main-Market DTR 4.1.3R.

Today’s RNS helps ensure those accounts land with a far stronger position — and without that lingering Wood Group payable.

Cleaner books • Aligned partners • Stronger optics.

Less Common Metals – Ownership Link to VV Minerals (India)

The background of Less Common Metals (LCM), the UK alloy producer often mentioned in rare-earth discussions, Companies House filings show that LCM is wholly owned by Indian Ocean Rare Metals Ltd, a Singapore-registered holding company.

Two of LCM’s directors – Subramanian Vaikundarajan and Muthurajan Jegeadesan – are also senior figures in VV Minerals Pvt Ltd, based in Tamil Nadu, India. Members of the same family are listed as shareholders in Indian Ocean Rare Metals.

In short, the ownership chain is:

VV Minerals family → Indian Ocean Rare Metals (Singapore) → Less Common Metals (UK).

Need to prorate for production, MP will be approaching 6,000 MT's NdPr, Pensana 4,500 Mts

Novice, Coola/Sulima West still under evaluation. (just finished or finishing a drilling program). MP and Longonjo are similar sizes. they differ geologically. MP is incredibly rich but has a strip ratio 7-8 times that of Pensana.. Consequently they used to send concentrate to china with over 50% TREO content, Longonjo MREC will be bout 36% TREO.

Given plenty of back ground before. You can work it out

Not the lead singer from the Stone Roses....

SP Peter, i can only assume you make these comments to amuse yourself. they state "Pensana appoints ProProcess to re-engineer

AND modularise the Longonjo Mixed Rare Earth Carbonate Refinery. Please carry on, then we can reveal who you did it with full knowledge. Pensana will then be in position to go after you for LIBEL!!! by the way my name is Ian Brown, you can find my profile on LinkedIn. i dont need to hide behind anonymity as those who know me on LinkedIn, the Telegram group and Rare Exchange know well

You can also offset the 15% against UK tax under the reciprocity agreement. With no W8-BEN, the WHT is 30%!!!!

Here you are you d*ck https://proprocesseps.com/blog/proprocess-latest-hydrometallurgical-project-award/?utm_source=chatgpt.com