Member Info for Mumbles2021

Valuation it is, the structure of the fiancing is

$60 million equity from FSDEA (15 million already forward as a loan, will be converted to equity as part of the 60 million, for $20% of the Ozango limited asset.)

$20 million equity/debt in the form of a Convertible note against Pensana

$120 million debt from Absa.

All in the previous company communications

SP, I like the hive. Unfortunately, you also frequent it. I post sensible, fact-based comments. They are immediately denigrated with the total bias that you exhibit on LSE. If LSE is the pits, as you suggest, what value do you get posting unverified, uninformed and incorrect data on another board? I don't have shares in RBW, having heavily invested in PRE and recently moderately so in HZM. (I admit that was a punt at what looks like a bargain price; we'll see how that goes and whether the price is a true reflection of the risk associated with the stock) but most of the comments on the RBW LSE board seem well-informed and balanced, including your own, except for one poster recently. I am tempted. I firmly believe in Critical mineral stock events, though they are getting a bashing. But it doesn't do any harm to diversify within the same sector. I'll also point out the comment "WE" in the post you paraphrased, is the royal WE, I certainly don't subscribe to it, as I've said before

Theo, you're better than that,

Lewis, I'm just tired

Lewis, Theo did at one time say the administrators would be in by Wednesday, sometime at the beginning of April..... he was wrong then,

Theorist, I can believe the warmongering and multiple nationalities, but not sure I can forgive the Golf :-)....

DS22, not sure that retort was the best Defense for the present discussion

Theorist, you know as much as I do where the financing. Is it isn’t. So there is no obviously about it. I’ll concede the point if there is no announcement within the next next 6 weeks, although reliable advice is before end Jan, and the Angolan president has stated an aspiration to announce befor Indaba on February 4th. Unlike yourself, I don’t make definitive statements without facts to back them up, the best you can say is may have done, but even that would be based on your own assumptions, not any evidence based data. The strategy is still on course based on the RNS end October and the AGM

What Lewis says, is absolutely correct . The as-built cost of the project, plus the declared assets equals 60+p. When the equity piece is done PRE, portion of this will be 60+% of 60+p, or in the region of 40+p. But this didn't take in to consideration phase 2 or Saltend, or any future cash flows from profit. And assumes break even only with opex and sustaining CAPEX covered only. The market currently has severe doubts regarding financeabilty, the Angolans are only putting the equity piece in if the ABSA loan and convertible note are done. Ie the project is proved to be financeable. If this does get done on the timeline mentioned for the current strategy, they have got a bargain, we'll see where the SP will go, but the finance risk aspect should be greatly reduced

It was an interesting video, it didn’t just stay you will looked after. It said that all rights and time served will be preserved. Ie nobody was laid off. Although they are going into a work moratorium or construction pause for 3 or 4 months, resuming march or April.

SP it’s tiring and unproductive, what’s the point. I also feel the same about your posts on the PRE. Can We ALL grow up

AS1971, you speak absolutely the truth. At this stage it is totally binary.

Good luck with finding anyone to sue. its been up on here once, and twice on RBW board, and you have JUST read it. give me a break.

Lessee, please replace Will with I, you sure as hell aren't doing it on my behalf

Post all reading Theorists post, Saltend hasnt been abandoned. its still very much a major part of the project. M&G have categorically emphasised that they are supporting the project because of the emphasis on the UK part of the project. it has been stated that the portfolio that PRE forms part of, requires UK ownership and operations

DP/SP,, please read the annual report. PRE board take their renumeration and Shareholder perception of same seriously. the following is from the latest report

"No bonuses were paid for FY2022 and the related bonus charges were reversed in FY2023. No bonuses were provided or paid in FY2023."

Not only were no bonus' paid in the last Financial period, bonus from the previous was clawed back.

Lessee, i see little point in this, just block him with your filter if he annoys you that much. Most of the RBW forum members think he is a d*ck anyway, but if you persuade others from the PRE platform to perfrom the same on the RBW board, its more likely that a tit for tat will happen incuding other members of the RBW. Nobody on this board takes him seriously, occaisionally a rebuttal is required. but that is all....... At the end of the day, if the forecasts are correct, then 3-4 PRE/RBW sized plants will required to be commissioned every year from 2030 onwards, many will be in China, but the rest of the world has finally woken up to the fact that this particular supply chain needs to have mutiple sources, rarther the monopolised one at the moment, (essentially controlled by two government owned chines companies). Not all projects will come to fruition, ALL need to be encouraged.

DP/SP, the point about salaries has some validity, the very large pay increase being awarded just before Simon Sharpe came on to head the renumeration committee. However, they have not been fast and loose at interpreting the KPIs on the incentive payments and didnt receive any bonus (as they shouldn't). however to say they have been sat on their backsides doing nothing is extrmely disingenuous. they have completey re-engineered the Longonjo plant to from a conventional to a modular prefabricated construction, without changing the process. i might add the the Pilot plat was taken as a given and not part of the incentive payments. The board was well aware of shaeholder sentinet in respect of incentve payments after the EGM earlier this year. in addition, it was stated to the baord that the work that had been performed for the LJ Due diligence seem to have been considerably down played. instead stressing that Due diligence needed to be completed. i suggested to the board that this down playing may have been detrimental to shareholders perception of the management value for money. this point was conceded.

An informed opinion is what the BBs are for Lewis, and appreciated, certainly by me.

DP/SP i have to a gree with Lessee that your interest in PRE is somewhat puzzling. Not just on this boar, but taking every opportunity to dump on Pensana with highly spurious comments anywhere you can, namely ADVFN and the HIVE. The reaction to RBW on this board is a natural human reaction to your consistent attacks, ie defense. Personally, i have no issues with RBW. I think the small cap Rare earth prospect collectively have some concerns. Largely brought about by the chinese manipulation, but individually they all have pro’s and con’s and frustrations for PI’s. But they are each navigating their own ways and being as transparent as possible about it. Ill admit i find your constant sniping on this board annoying, and closing Down of conversations on the Hive down right malicious. So what is your problem, because it isnt rational, without sone sort of explanation. I also accept your right to comment as you see fit, but other users of this platform already recognise that your comments are not Bourne out of any sense of altruism to PRE shareholders , and don't seem to be based on attempts at share price manipulation. So as i say, i am puzzled, in regard to your tactics on the Hive, I am f*cking annoyed.