Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Correction, are chosen to take part in the competition
Pensana Rare Earths PLC / Universities of Leeds and Hull / Polestar Automotive / Route 2 Sustainability Ltd – Creating a low carbon, environmentally sustainable, and socially just value chain for rare earth magnets;
https://www.innovationnewsnetwork.com/innovate-uk-launches-6-6m-critical-materials-for-magnets-competition/37183/
SP/DP, when a mining or exploration licenses is awarded by a government. a work program is agreed between the concessionaire and the ministry. This agrees the exploration work that the ministry expects the licensees to perform in order to maintain its rights under the granted license. As you are well aware, (you never miss an opportunity to throw shade or negatively comment), PRE is currently fully engaged with its initial project at Longonjo. Despite this, the company has maintained its obligations and consequently obtained extremely encouraging results from the exploration carried out at Coola to date.
Theo, "Don’t worry AS1971. I’ll translate, I’m fluent!", without giving you too much credit, im chuckling t that one :-)
To be honest you may be right, depends what time line you are working to. I do think the end of August was significant. Consequently I don't expect an announcement in September. But front end October is entirely possible
Good morning Theo, re "And of course Paul’s share purchase confirms that there is no finance in the offing, no doubt you figured that one out?", I must be thick because I'm still struggling to work the correlation out. But I'm delighted to have given you a second opportunity to diss this one as you must have missed it first time round
Good news for Rainbow, but in reference to SP/DPs comment, please refer to my post of 25th of Augsut (just over 2 weeks ago, and still current), Saltend is still very much of the project plan. SP was 20p at the time and just hit 35.8!
i doubt very much that M&G would have wasted their time physically visit the place if it wasnt. repost below.
"Yesterday, i participated in a saltend shareholder presentation attended by various stakeholders, including m&g, the automotive transformation fund (atf), yorkshire energy park, future humber, px group management, east riding of yorkshire council, and the university of lincoln. the pensana team was well-represented by rob ****** (cfo), will izod, alison saxby, steve sharpe, and karen brown, a commercial consultant. notably, paul atherley was absent, a deliberate move to underscore pensana's collective strength beyond individual figures.
julian hetherington, representing the atf within the broader advance propulsion centre (apc), highlighted the alignment between pensana's goals and the atf's mission.
the visit reiterated saltend's vital role and consistent standing within the project. ensuring saltend's feedstock and financing security was paramount, with a concerted focus on advancing the longonjo project.
crucially, stakeholders were very positive regarding the funding models for longonjo and saltend that exclud equity issuance at the pre level.
longonjo's independence in the absence of saltend was emphasized. the product's market acceptance expanded beyond saltend's scope, necessitating an mrec (mixed rare earth carbonate) rather than a double sulfate. the process shift towards sulfate production was contingent on longonjo's financial assurance and off-take agreement confirmation with saltend.
discussions delved into pensana's integral role in the uk's critical minerals strategy, fueled by direct inquiries from automotive leaders. while government support specifics were not detailed, substantial backing was anticipated.
the push towards magnet metals production took center stage, complementing site plans for on-site metal production and magnet recycling following saltend's operational launch. given the unavailability of wind turbine motors until 2027, the project's urgency remained low.
timelines painted an encouraging picture. longonjo's debt facility due diligence was well-progressed, slated for completion within 6-8 weeks, bolstering the team's confidence in securing the loan. this achievement set the stage for swift saltend financing.
transparency shone through the invitation to report to various boards. a conviction in the stock's undervaluation prompted me to continue purchasing."
For those who need to make their own minds up, rather than relying on Fatuous comments whos handle sys it all.
https://pensana.co.uk/board-of-directors/
https://pensana.co.uk/management-team/
https://pensana.co.uk/project-delivery-team/
Please look at the above and decide whether they are straight out of university or not.
yesterday, i participated in a saltend shareholder presentation attended by various stakeholders, including m&g, the automotive transformation fund (atf), yorkshire energy park, future humber, px group management, east riding of yorkshire council, and the university of lincoln. the pensana team was well-represented by rob ****** (cfo), will izod, alison saxby, steve sharpe, and karen brown, a commercial consultant. notably, paul atherley was absent, a deliberate move to underscore pensana's collective strength beyond individual figures.
julian hetherington, representing the atf within the broader advance propulsion centre (apc), highlighted the alignment between pensana's goals and the atf's mission.
the visit reiterated saltend's vital role and consistent standing within the project. ensuring saltend's feedstock and financing security was paramount, with a concerted focus on advancing the longonjo project.
crucially, stakeholders were very positive regarding the funding models for longonjo and saltend that exclud equity issuance at the pre level.
longonjo's independence in the absence of saltend was emphasized. the product's market acceptance expanded beyond saltend's scope, necessitating an mrec (mixed rare earth carbonate) rather than a double sulfate. the process shift towards sulfate production was contingent on longonjo's financial assurance and off-take agreement confirmation with saltend.
discussions delved into pensana's integral role in the uk's critical minerals strategy, fueled by direct inquiries from automotive leaders. while government support specifics were not detailed, substantial backing was anticipated.
the push towards magnet metals production took center stage, complementing site plans for on-site metal production and magnet recycling following saltend's operational launch. given the unavailability of wind turbine motors until 2027, the project's urgency remained low.
timelines painted an encouraging picture. longonjo's debt facility due diligence was well-progressed, slated for completion within 6-8 weeks, bolstering the team's confidence in securing the loan. this achievement set the stage for swift saltend financing.
transparency shone through the invitation to report to various boards. a conviction in the stock's undervaluation prompted me to continue purchasing.
Eloro, Africa is home to 15% of the world population and considerably more than that of resources required to ensure the economic and general future of the planet. Nobody is disputing that Africa hasn't had more than its fair share of set backs, a considerable number of them self inflicted, just as many many, if not more the legacy of colonial and then corporate interests taking precedence over the interests of the countries in which they were governing or operating in the past. Thst doesn't mean that has to be the way that they are run in the Future.
Good morning Eloro. im sure the Uber rampers have been silent because the Uber down rampers has been equally silent. Plan A hasn't been as straightforward as initially hoped. But at least there is a plan B. I see today's update for what it is—an update on Longonjo operations. Maybe not a reason for buying, but it certainly gives transparency to the current situation, hence a reason to continue holding pending financing announcements. I know you have read everything, and you know that the DD being performed by ABSA is unlikely to be completed before the end of September. So this update changes nothing but does give the existing shareholders an update to which they are entitled. However, it shouldn't concern you if you are not a holder.
AS1971, quite possibly , but I'm claiming my first amendment rights to post what I want. Can I claim top spot with this one. And is there a prize
AS1971, you have a very short memory, it's up 85% on three weeks ago!!!! Admittedly its 50% down from 6 months ago!!!
If anyone does want to go back to bed on a Sunday, having lost the will to live, this will probably finish you off. Despite the Friday close being the lowest of the week, the daily VWAP had budged at most 0.2p since Tuesday, with Fridays being the highest but 1, The spread between hi and lo being a tad short of 10% every day bar Monday when it was 14.3%. Less than 1/2 a per cent of the share issue traded in the last five days. This stock is dull at the moment, but rather than this, the previous three weeks' excitement, thank you.
Good morning Lewis, i agree with you on this, Adamas, along with other analysts, expect the supply/demand balance to tilt to the demand side by 2027. There will be nothing the Chinese can do at this stage. By 2030, demand "growth" for NdPr, is expected to be between 15,000 to 20,000 MTs EVERY YEAR. Reuters have only identified three players that can come to fruition by 2030 (they didn't name them). Not only is there room for all prospective players. They are needed...
Lewis, im not commenting, but you could say the same to SP.
China, more of these please…….
Theo, one day when this is all over (one way or the other) id love to sit down with you over bottle of Amarone (you’re buying please). Boisdales, I’ll pay for the steak…..
Theo, i should also have added, that i live in Central London (as you know) and i take every opportunity to meet the Pensana management whenever i can. They, not just PA, have always been very helpful. the one thing I have taken away from these one on ones is that they all come across as very sincere. Beleive me after working for 25 years in West Africa many of them involved assessing these type of projects for investment, you can tell when things dont add up, i dont get that feeling with this one. I have had a good look and think about what would need to done to defer $100 million to year 3. its not a reduction but a restructuring of the construction timeline