Member Info for nberzins

It is my opinion you will see nothing until June 18th at the earliest when government grant applications are decided for the electric supply chain.

I’ve been in IT all my career so understand their proposition. I saw Tern at 6 p and bought. Having said that I have been investing long enough to recover my original investment as some don’t fulfil their hype. I am still in with 75% of my stake so that stays for an interesting future

Forgot that I had a standard trade on the books to sell 25% when it hit 4x my original purchase. OK I have my money back with a 75% free carry but I would have preferred to keep it all on a roll.

Let’s hope the news starts flowing to make this share really fly.

I think you will find that the 'free' accounts information on this platform are a bit random. For example they show all sorts of amounts for shares in issue - not the 205m or so actually in circulation.
I suggest you treat the information with caution.

Agree 100% with your comments some of which I have made elsewhere.
To be honest where they have got to with all the permits, permissions and support from Angola plus the Saltend planning approval all the components are in place. I am sure a major oil company would be creaming themselves to grab this at £3+ a share tomorrow.; and probably some are sniffing about to 'green' their business. Doubt if they would be tempted as they have the excitement of building a something special.

Looks like some interesting reading over the Easter weekend especially as this is a sector that I am moving my portfolio toward and away from Oil&Gas

Agreed Bwana - leave us alone for 3 years. I am not so sure that many would sell unless it were at a hefty premium. I also think that the Angolan wealth fund is in a strong position and have an interest in being a large part of a small company rather than a very small part of a major.

For me it is just hold on to the handrail as this has been a real roller-coaster this week!

But if you are still in today then you will receive a 12p+ dividend in April. The share price is likely to start climbing again now the divi date has passed and the fundamentalists are strong.

Just musing - PA helped to drive the Angolan resource with finance sorted on a standard business loan albeit from a Chinese bank. In this scenario when the share was about 25p (only last August). This would have required a dilution of about 70% to bridge the gap between loan and capital expenditure, that dilution would be well under 10% on today's price.

Then Saltend was announced which has ticked all the boxes on the green agenda and is now in a freeport. The planning application seems to be progressing well. As it is so recent no information on funding has transpired but I doubt if a few hundred million will phase PA especially with the story he has to tell.

So, what is PA going to pull out his hat next? Maybe moving through the supply chain and starting to make the magnets as well? Probably a push to do this from scratch but a joint venture with an established or aspiring junior who knows.

Besides the potential vertical expansion, they can extend their mine activities, their processing plant and whatever else pops out of the woodwork.

A bit of a sanity check - nothing is being mined, processed or earns a bean at the moment. I have little doubt that in a few months this will be different; in two/three years this could be significant if we avoid a premature buy out.

Don't understand your arithmetic Wilson. A share price of £5 gives a market cap of £1bn for PRE so only a third of Lynas and a quarter of MP so perfectly feasible. I agree we need to be producing and I suspect there will be some dilution on the way.

I must say the volumes are really starting to pick up now. So some definite interest but nothing to really indicate the the institutional guys are diving in yet - can't be long though and that will start to drive things.

In terms of financing PA stated way back that 90% would be debt on a standard commercial loan with at least one lender identified. He also stated that he is very keen on retaining shareholder value. If he is true to his word then I would expect minimal dilution for the Angolan investment.
Saltend has been so recent I've not seen any indication of how this would be funded. I guess when the public part of the BFS is published then we should get some better ideas on all these questions.

I sincerely hope so as this has been pushed back a few times now. I presume until this is formally released funding will not be able to be put in place to allow for substantive work to take place.

Don't know about that but what I do know is while our timeline is behind Lynas Corp resources are probably equivalent if you take account of both Angola deposits plus manufacturing capacity for Lynas in Malaysia and PRE in Hull. As a result we could be valued at Lynas levels in 2 or 3 years time.
Lynas' valuation is more than 10-fold of PRE presently, so it looks as if we may have some headroom on the share price.

In an interview about six months ago PA did state that he is keen to retain shareholder value. He also said he had loans agreed in principal for 90% of their needs. I presume the Hull facility will be subject to separate funding, which could include grants or other soft loans.

As it stands you only have Lynas in Aus and MP Materials in the US outside of China. On current demand projections the existing capacity is not sufficient and going to get worse which will in turn drive up prices for maybe the next 10 years or more.
PRE will become another player adding to capacity but will not be a competitor in the sense they will impinge on the other producer's sales. Another factor is the share distribution would make it difficult for an acquisition - The Angola Wealth Fund has a significant holding. This does not mean someone with deep pockets may have a go!

Thanks Joe; just my shorthand laziness. The full BFS will never be for our eyes as there is likely to be considerable confidential content. I also doubt that it will contain many surprises as a lot has come into the public domain over the last few months.

The really interesting information will be the nature of the funding for both Angola and UK ventures. This will come later than the BFS information I suspect. Interesting times though.

No big surprise.the BFS is pushed back again. This delay is now going to impact the start of production which will put some more short term pressure on the share price. However, at the current price it represents a good buying opportunity.

I've wondered that too. Frequently there are a raft of small trades sometimes 10 trades on add up to 30 shares in total. There seems no logic.

It looks like a tree shake this morning - I hope not many stop losses were triggered