Member Info for Mumbles2021

Theo, maybe you should ask them. the London stock exchange which is the source of LSE.co.uk data states the numbers that i gave you this morning. As with all information sources, there needs to be traceability. so the question to you is which one do you believe. if you dont believe the ones ive provided to you, give me yours and advise why you believe it to be correct compared to the London stock exchange filings, provided by Pensana to them. Why i am so excised is because of your false and fabricated inference that the chairman is reducing his shareholding with the obviously intended negative narrative that goes with it and that you are still trying to double down on. You are a despicable person, with a very malicious but unknown agenda.

I think you need to see your nurse for a new prescription Theo, you have the figures on the shareholding directly from the London stock exchange. where do you think LSE site gets their data from. you already know why the SP is going down, because it sure as hell isnt down to the fundamentals. The fact that you stating "the Lizard had produced an answer", when it was your own post you were quoting is very worrying. i suggest you go and lie down, as i think you may need some help

Theorist you are a f*cking idiot, he is paraphrasing your own statement from the 28th of March!!!!! if you can't be bothered to check the source just pack it in. believe me if PA doesn't go after you I will.

Theo as published by RNS on the London stock exchange.

What is it with your desperation to denigrate PA and down ramp Pensana at every opportunity. you are skating on very thin ice in the defamation, libel stakes.

https://www.londonstockexchange.com/news-article/PRE/director-pdmr-shareholding/16108531

Opening Balance 14,444,116 4th September 2023, 5.06% of the company

https://www.londonstockexchange.com/news-article/PRE/director-pdmr-shareholding/16584449

-1,500,000

https://www.londonstockexchange.com/news-article/PRE/director-pdmr-shareholding/16596334

+1,500,000

https://www.londonstockexchange.com/news-article/PRE/director-pdmr-shareholding/16823191

-250.000

https://www.londonstockexchange.com/news-article/PRE/director-pdmr-shareholding/16823191

+300,000

https://www.londonstockexchange.com/news-article/PRE/director-pdmr-shareholding/16868962

+275,000

https://www.londonstockexchange.com/news-article/PRE/director-pdmr-shareholding/16954760

+42,000

Closing balance 14,811,116 31st March 2025, 5.06% of the issued share capital. A net gain of 367,000 shares

Theo, "PA’s shareholding is less than it was in July 2023"., this is a statement, not a question,

"Mumbles. You say PA owns 14.8m shares. But if you scroll up and hit Pre directors deals it say he owns 13.4m shares. Can’t you see that?"

This is a double down, i dont know about you, but usual check the sources when a statement if mine is questioned. I m amazed you havent point out the mistake i made. He has acquired 360K+ shares, not 1,009,000, I added when i should have subtracted. But it doesnt detract from the fact that he has accumulated shares since 31st July 2024, rather than post delieberately designed to suggest that he was selling down, for some reason. When the inverse is the actual fact.

WOW, it is possible to be both a liar and stupid

AS1971, im sure it partially is, some people get their rocks off in strange ways, suspecting you also own a gimp maske. Regarding Theo’s claim that the number of shares PA owns has reduced. I have it on good authority that the RNS releases represent his holding fully in compliance with LSE disclose rules consequently since the last notice his holding have increased by 1,009,000. You only have to do the work and it isn’t difficult. In the last 12 months his holdings have increased (not decreased) by over million shares, consequently he owns, 14.8 million shares equal to 5.1% of the company. Theo if you had any sense of decency you would retract your statement.

Obviously I can’t

I think it’s time we called this for what it is.

AS1971 isn’t just a disgruntled investor. He’s a walking pattern.

He doesn’t post across LSE — only on PRE.

He’s nowhere when the share price is flat.

But let a news item land, or sentiment start to build, and he’s suddenly first on the scene, recycling the same worn-out script.

This week?

Monday, 25 March @ 2:40am — before a single trade:

What’s the predicted SP after 5 days of trade this week? I’ll go with 22.5p.

Today? The SP hits exactly 22.5p.

Not bad for a man who calls everyone else clueless.

It’s not just that he gets it right. It’s when and how.

He turns up like clockwork before weakness, seeds negativity, and vanishes when stability returns. It’s sentiment suppression 101.

And when challenged, he defaults to mockery — never facts. Like this little gem:

The company is going nowhere. It’s an almost company. Almost got financed, almost successful... a bit like Mike Atherton! Almost a good player and captain, but not quite Steve Waugh!

(Posted 20 March, 07:33am)

Apparently, that’s analysis now.

Let’s not forget:

- He was ranting about no finance the day after the finance RNS.

- He was mocking price action on green day*, trying to drag sentiment down.

- He continually targets individual posters (China, Bozi, me) instead of the actual company story.

This isn’t about discussion. It’s about disruption.

I’m not saying he’s a market maker.

I’m not saying he’s working with a short.

But if someone were tasked with tree-shaking retail holders and dampening retail enthusiasm during a low-volume rerate... this is exactly what it would look like.

And let’s remember: people like AS don’t attack what they don’t fear.

Theo where do you find that, they used to be in his own company which had a crest account. Those shares have since been transferred to a nominee account. As far as i am aware, all sales and purchases have been identified by RNS as every other transaction for every other director for every other listed company has been. He did sell some shares to raise cash to loan the company and was repaid 1:1 or shares sold as repayment of the loan as a net/net zero transaction. its all written down.

Page 145 SP..... https://www.mandg.com/dam/investments/common/gb/en/documents/funds-literature/report-annual/mandg-investment-funds-3_annual-report-and-accounts_gb_eng.pdf

You’ve Still got some holder to shaft yet then AS, how you going to do it this time?. Because I don’t credit you with clairvoyance.

I think you’ll find that at least one of the commenters on this page knows far more about the selling, and not because he is some kind of stock market whizz.. Amazing he has insight as to where the SP is going to go, the day before the Loan to Value ration on the considerable number of leveraged shares that are held is drop from 40% to 25%. Requiring payment of additional margin calls or having the shareholding liquidated to pay for it. Wouldn’t know anything about that would you AS1971 .

The offtake agreement was announced by RNS 9th September last year

Well said buffet bar, they state that they have a STG 3 million facility available to them plus the balance of the 2 million directors loand (1.65 million). 3 million pound is equivalent to a capital raise of 10 million shares. and the Ozango OPCO is funded from the project finance. meaning everything external to Ozango is for G&A expenses plus maintaining non Ozango licenses etc, marketing and for product and investment road shows etc

Tony, in anser to your questions. it seems you are looking for any and all questions to be answered. the whole projects has taken th local community along from the start including Huanbo local government. the Hanwa expression of intrest was far more than Asian buying interest, it was written and in a way that was acceptable to the financiers to consider that the required cash flow was there to servvice the debt repayments, and obviously a strong enough commitment to permit the announcement that was made on Tuesday with support from the FSDEA and AFC. its not about renewing its intrest, which seems to be a deliberate down play, but about crystalising into a binding offtake contract. i dont understand your point on government backing the loans, unless you are talking about the ECIC export guarrantees for commercial and poitical risk, these are requirements for the ABSA portion of the debt. Both ABSA and AFC commissioned indepependent due diligence from TMC on the FEED and CAPEX calculations. SO what clarifications de you need from the board, all the answers have been given.

PA was asked for some clarifications and he asked that it be made clear that the Pensana equity stake is expected to reduce over time from 84% to approximately 60%. This values the 84 million USD proportion of the 100 million at 28.5% of the of the value of the Longonjo Asset. This values Longonjo at 295 million USD. And Pensana stake at 177 million. And to stress, this $300 million represents 3% of the value of the recoverable value of the NdPr contained in it at todays pricing. Fully financed which this is, Pensana can easily justify $600 million on its own today. With no Lynas/MP multiples or forecast NdPr price escalation . This is $2.00/USd a share or £1.50

Irritatating little sh*ts, like AS1971. Upto everyone, but as finance has now been achieved. You could deny him an audience by just filtering him out. What Ive done

No worries, Tony, I get a little sensitive on this board. This is hardly surprising, given some of the muppets that have been posting. One even continues to do so today.

Tony, that is really cynical, and I know you don't believe it, so why say it? If Pensana hold 84% and it reduces to 54%, (or they give up 30%), and for which the Angolans and the AFC are paying 100 million, then that values Longonjo at 300 million. Pensana retainng 162 million in value even at 54%. Which is 40p. $300 million represents 3% of the inground valuation of the Longonjo reserves at $60,000 / MT, ie today's pricing. This is a bargain as far as the AFC and FSDEA are concerned, but also probably the best that Pensana could get. Most fully fianced mining operations can justify a 10% valuation of the inground resource before development, this doesn't consider the potential value of Sulima West, the completion of phase 2, potential processing in Saltend or Angola. These have become far more feasible now that Pensana has demonstrated that these projects are financeable. But at the time of the announcement, there was no dilution at the opco level because it is a convertible. Dependent on the Share price valuation at conversion will determine how much equity FSDEA and AFC will get in Longonjo. But i am told that Pensana retain over 51% regardless