Member Info for Mumbles2021

I might add, the was written by ChatGPT, its a fantastic tool, incredibly helpful. buts all it is

RE: ChatGPT “Validation”

Just to clarify — ChatGPT doesn’t have opinions, and it doesn’t agree or disagree with people. It responds based on how a question is framed.

If you ask:

“Is this analysis fair?” — it’ll usually say “yes, within those assumptions.”

If you ask:

“Give me arguments against this project,” — it will do that too.

So claiming “ChatGPT backs me up” is meaningless without showing the full prompt and context. It’s a tool, not a referee.

Thomas Kruemmer, who runs Ginger International, is a self-professed rare earth expert — and to be fair, he knows his stuff. But while he regularly criticises Western developers on ESG grounds, his own material is sourced from China, where producers don’t declare origin and ~70% of supply comes from Bayan Obo, with well-known environmental issues. He can’t guarantee provenance, even as he demands it from others, and has been promised by others.

Pensana hasn’t started production yet but has declared alignment with GISTM and IAEA standards — so his criticisms are unfounded at best, borderline libellous at worst.

And let’s be honest: the arbitrage between what Western buyers pay and the SMM “spot” price shows how much he stands to gain from continuing Chinese supply — and how much he stands to lose if that supply moves to western sources.

The corruption claim is nothing to do with Pensana, the heading made it look like it was though. it was referring to another article on a Chinese producer, however, the heading of REO substack was "Rare Earth Dual-Use Drama; Myanmar RE Saga continues; SEA's RE: China is like a Dry Tree seeking Water; RE-Corruption; Pensana's "clean" Deal with Toyotsu; Bloodbath in China's EV market; and the lot."

The PRE shareholders have had no end of fun with Peterperfect, also known as SmartPunter and before that my favourite Dumbpunter. So Probaly best to filter him , but if you do like some entertainment and according to him the world he is the worlds foremost expert of rare earth economics. Better than any of the professionals who make a living out of it and risk millions investing. On man who has probably done more harm to the perception of Rainbow rare earths than any other person on the planet. They don’t deserve it. The RBW shareholders don’t deserve him. Actually filtering is probably a better idea

Sp or should I say Peter perfect (for our MKA readers) . Thanks for making our point about how mine manager has to be socially and environmentally friendly. Strangely enough Pensana have been posting this link on their own site. So I don’t know what you are trying to say

Interesting development — the U.S. International Development Finance Corporation (DFC) has just quietly published a feature on Pensana’s Longonjo project and the proposed rare earth refinery in Angola.

https://www.dfc.gov/investment-story/supporting-development-rare-earth-processing-facility-angola

The page was posted this week (mid-late June 2025), aligning almost exactly with:

The MOU announcement between Pensana and RE Element Technologies

Growing signals of U.S. institutional interest behind the scenes

What it says:

$3.4M technical assistance grant to support feasibility for both Stage 1 (20,000 tpa) and Stage 2 (40,000 tpa) MREC production

Emphasis on local refining in Angola, not shipping concentrate to China

Uses Lobito Corridor rail to Lobito Port

Frames Longonjo as critical to U.S. national security, citing China’s dominance

Why it matters:

DFC only publicly profiles projects that are moving forward

The publication date is telling — just days ago

Strong suggestion that Longonjo and the refining component are now part of a coordinated U.S. critical mineral strategy

There’s also speculation (unconfirmed) that additional U.S.-linked funding may follow, potentially linked to broader supply chain efforts. The pieces are lining up.

Market has barely reacted — which is... interesting.

Make of it what you will, but this just went from "one to watch" to "already in motion."

Would be curious to hear thoughts from the usual detractors....

SP, i also have to add, that link is not from Rare Earth Exchange, it is from Money of Mine,

MAA86, that is the whole point, Thoma Krummer is the same

I might also add that the link you provide includes Thomas Krummer who operate Ginger International trading (GITI) out of Singapore, his income has been based on trading margins from China sourced product via Jenny his China centric partner. As Chinse rare earths exports are now being highly regulated with no third parties and compulsory end of use certificates, it does make you wonder how his bread and butter has been affected. What is absolutely correct is the prices cannot be calculated based on formula, at the moment Supply and demand balances dictate the price, with the price of the last tonne sold setting the prevailing market price. but obviously the %age of NdPr in the sellers offering is the starting point for the pricing

SP, that is absolutely correct. ROW of the world pricing is extremely opaque and buyers are not telling. consequently quoting SMM spot prices for MREC is irrelevant to producers who are not selling to China, Chinese buyers, and the sales and purchase agreement made are based on the suppliers quality offering and what the ultimate value is worth to the the buyer. ie on the NdPr content relative to the SMM price, IF THAT IS TO BE THE BASIS OF THE PRICING MECHANISM.... As for the ROW, this price is irrelevant. im very happy to discuss SP.

SP i thought you had fallen of the face of the planet some where, 4,411.57 USD/MT is calculated as 8.2% of the SMM NdPr price. it is fixed, it used as a basis for establishing a price, the spec is for 42 to 45 %TREO, and but the reality is that no allowance is made for any other components other than NdPr. Longonjo NdPr Content based on this premise, justifies a price equivalent to 11.5% of the NdPr price, or $ 6,187 / MT or 40% higher than the SMM printed price. But regardless of what SMM is printing it is irrelevant, the Chinese and ROW pricing dynamics have been bifurcated. SMM is only relevant to China where the internal supply and demand balances apply. Out side china, its not what the price is, it whether the buyers can actually obtain it. Pricing is secondary!!!!!!

Im 6'1, will i be OK?

F*ck me AS1971, ill take that as a reccomendation to hold. WOW

How about the one that the AFC weren't financing

4kandles, i agree that anonymous posters can make stuff up, and that gives genuine trust issues, but when i outed one poster for the malicious lies he was spreading. i also identified my in order that i wasnt anonymous. some would call the stupid, but it needs doingi understand your perspective and wish you well in your investments.

Good evening Dustyslay, with 40% of the worlds critical minerals contained in Africa, and increasingly well governed, especially Angola with the FSDEA and the African Finance Corporation who will give any western financing operation a good run for their money. its going to be difficult to pass them by. As they have shown from Pensana, If the west capital markets arent interested, they will either finance themselves (Pensana) or sell to the Chinese (Peak). The west cant afford to do the latter. other countries namely the States, Japan and Europe are showing interest, as with all other small caps and miners the, the LSE is being bypassed. you might want to give this youtube video a look see, it gives a very good view of the economics of current rare earth market https://youtu.be/tZ2takQ3jXc?si=oArk9W22PzKfxNzS

Tony, have you looked at what Pensana has been subject to for the last 4 years.'Admittedly a couple of own goals, but the majority being London stock brokers and MMs generating then capitalising on Volatilty, trading the spread wherever possible. Topped up with margin loan providers shorting position in total conflict of interest situations to their customers, playing both sides of the coin at PIs expense (usually ones who haven't worked out there is no such thing as a free lunch), not to mention all the traders who have made plenty from Pensana. Pensana LTH's have been considered as Liquidity fodder with little regard for the superb fundamentals of the project and denying it the fair valuation process thata a should have been applied. And you are concentrating. On a 25 minute period on Friday. Because you were caught flat footed.

4kandles. Your Los

Fully agree MAA86, 5 years for me and never seen a pump and dump. everything else but.................