Member Info for pwlx

“Pensana has placed a US$2.3 million order with NCP International for a ball mill essential for the concentrator plant”

“The preparatory site works completed earlier this year has enabled a streamlined construction program. The main contractor Grupo Nov has been mobilized and is expanding its workforce to over 100 on-site personnel with additional earth-moving equipment en-route to complete the terracing in the production plant area.”

We also know exactly what kit is coming for the module flotation, thickening and separation parts of the plant because they’ve told us:

“About the Project team

MCC / Owners team is a leading project management team with a track record of delivering projects across Africa including Angola.Pro-Process are hydrometallurgical specialists with expertise in delivering modular process plants throughout Africa.ADP (Lycopodium) ADP African minerals specialist in detailed design construction and commissioning of modular mineral processing plants with extensive experience in Angola.Grupo Nov are Angola based specialists in design, construction and management including engineering, environment, hydraulic works, rehabilitation of buildings, dams and maritime works.SRK is a global firm specialising in geotechnical services for mining, civil, and environmental projects. They focus on soil and rock behaviour to support safe, efficient design of foundations, offering expert analysis and practical solutions for complex ground conditions.Eriez is a global leader in separation technologies, renowned for its advanced flotation systems. The flotation columns supplied will play a crucial role in the beneficiation of rare earth elements, enabling efficient separation and concentration of valuable minerals.MIP Global specializes in high-performance thickening solutions for the mining and minerals processing industry. Their thickeners will be integral to the dewatering process, ensuring optimal recovery of process water and reducing environmental impact.BMS Engineers is known for its cutting-edge membrane technologies. The nano filtration units will be used to purify process water and recover valuable reagents, contributing to the sustainability and efficiency of the plant's water management system.DryTech Holdings is a specialist in thermal processing equipment. The kiln and cooler systems provided will be used in the thermal treatment of rare earth concentrates, a critical step in enhancing material purity and preparing feedstock for downstream processing.Clark Solutions brings extensive experience in the design and supply of acid plants for industrial applications. The acid plant will support the hydrometallurgical processing of rare earths, providing essential reagents for leaching and separation processes.NCP International are specialists in the manufacture and supply of comminution equipment to the mining industry.”

Now I don’t expect them to RNS every single time they sign a purchase order but it’s pretty

If you’d read the RNS’ you’d know they have ordered a tonne of plant for the mine that they are actively building. This is getting pathetic now 🤣

M&G sold 1.8m not 210k but it’s all because of the recent share price growth in Pensana meaning that Pensana now constitutes a larger percentage of the M&G’s fund than the rules of the fund permit.

They’re still a committed and heavily invested shareholder but they have rules to follow, so they sell as they need to but clearly their sales have been picked up by other buyers because of the immense value here.

Https://alkemycapital.us6.list-manage.com/track/click?u=2a0f2ca6be8db966f66a0981a&id=2931af47eb&e=7b2e585eed

ALK Investor evening near Darlington on 1st October - sounds very well put together with attendees from G&T and SC Insights as well as Paul and Vikki. Registration on the above link.

If you're unclear as to the progress being made, I suggest you sign up to the newsletters on TVL's website. They provide regular (roughly monthly) updates as to FEED study progress, wider market conditions, and expand on any announcements made via RNS such as the recent appointments of a CCO and COO.

A) TVL is located in Redcar, not in Durham, and as such comes under the Redcar & Cleveland Council which is firmly Labour.

B) Even if it did come under Durham or another Reform run council, which it does not, no council would seek to abandon a project that would provide hundreds of high skilled, long term jobs within their area.

C) Even if it did, and they did, which it doesn't and they wouldn't, the national government might have something to say about a local authority trying to take down a nationally strategic project that provides hundreds of high skilled, long term jobs.

D) Nothing has slowed down. The FEED study is well underway with completion and final investment decision expected in Q1 next year.

E) Whatever Marchale are doing with their Weardale stock is irrelevant to TVL and Alkemy.

A isn’t necessarily algos, it’s Automatic Execution - this can be for a bunch of reasons but almost always it’s related to DMA trades - ie orders that have been on the order book being executed automatically by the exchange when a matching buyer or seller also has an order on the book. They can also be limit buys or sells, stop losses, etc. There may be algos behind some of those trades but not necessarily.

The unknown / buy / sell flags are not always accurate but this is the fault of the exchange and the system that determines (very badly) whether a trade was a buy or sell based purely on the advertised spread at the time which may not bear a resemblance to the actual price of the trade. Also delayed reporting trades (which are permitted by the exchange) are always flagged as unknown because the system isn’t capable of referring back to the earlier price to determine whether it was a buy or sell.

That YouTube video is just a rehash of the Car News China article on Naxtra batteries. It links to the Car News China article in the description and even shows screenshots of it during the video. The press release on CATL’s website makes it clear that all of the Naxtra batteries are part LFP.

In any case, even if this weren’t true, as already posted - lithium is very clearly here for the long term. CATL themselves are building whole new lithium battery plants for EV’s and energy storage, including here in the UK.

I personally am going to trust experts in the battery supply chain and enormous global companies like Rolls Royce (and for that matter Ara Partners) over a guy on YouTube 😂

All of the new CATL Naxtra Naxtra batteries use lithium.

https://www.catl.com/en/news/6401.html

Three dual-power solutions across different chemical systems were released on site:

• Sodium-LFP Dual-Power Battery - It combines Naxtra with a LFP self-forming anode battery, fully utilizing the low-temperature performance of sodium-ion technology to provide users with an exceptional experience that excels in cold conditions while delivering extended range.

• LFP-LFP Dual-Power Battery – It pairs the second-generation Shenxing Superfast Charging Battery with the LFP self-forming anode battery. It easily achieves 1,000 kilometers of pure electric range in sedans with a 3-meter wheelbase, reducing the commuting cost per kilometer to as low as 0.1 yuan.

• NCM-LFP/NCM-NCM Dual-Power Battery – It integrates an NCM battery with an LFP self-forming anode battery, achieving a peak charging rate of 12C for the NCM battery in the main energy zone, providing over 1 megawatt of power. Even when SOC drops to 20%, it can still output over 600KW of power. The upgraded version of the product, consisting of an NCM battery and an NCM self-forming anode battery enables a capacity of over 180 kWh in sedans with a 3-meter wheelbase, breaking through the 1,500-kilometer pure electric range barrier.

For the avoidance of doubt as well, the CATL TENER system is Lithium - LFP. None of this sodium rubbish… If their sodium tech was anywhere near as good as lithium I don’t think they’d be building a whole brand new site based off LFP batteries!

We know that TVL already has a very strong offtake book with tier 1 cell manufacturers and auto makers. Just need to get through FEED and start building!

I think Smart Punter thinks he knows better than all the (probably) US institutions who’ve been throwing money at this over the last couple of months. Millions of pounds worth of capital has been expended buying Pensana shares in chunks that are far bigger than what the vast majority of PI’s would be buying. And yet Smart Punter thinks he knows better than that lot whose entire game is making money - and they’re good at it. Any investor need only to follow the money, and the money isn’t flowing out of Pensana - it’s flowing in.

Heard all that before - everyone in the industry knows lithium is here to stay. As already mentioned, even the CATL sodium battery is half lithium in order to get any sort of decent range out of it…

It’s really not complex - your provider will give you the form to complete and it’s all done online. If there is any WHT due it would be collected by your provider before any dividends are paid into your account. It would remain tax free within the UK. https://www.ii.co.uk/ii-accounts/isa/guides/buying-us-shares-in-uk-isa

In any case, this conversation assumes a total move of the listing to the US rather than just a secondary listing there. If it maintains the London listing there is no difference for UK based investors.

If you were on the TG Group you’d know the plant is all modular, and is already in the process of being built and partially assembled off site and is expected to be on site some time in the new year (not especially early - maybe late Q1?) for final assembly. Concrete foundations, etc will be poured but other than that not much more visible work expected on the site until delivery.

I’m lucky enough to have bought my 140k shares at an average of about 28p but think you’ve got a great price there - lots of big buyers have been piling in all the way up to £1.20 and no reason to believe that will slow down with the Stonegate research coming out in the US at some point

I’m expecting minimum £3 (equating to a £1bn market cap) at some point next year once equipment starts arriving on site but before they start producing, rising to minimum £5 (£1.5bn market cap, which will be more like £1.75bn when fully diluted) at first production.

TG group or not, it doesn’t take a genius to see that very evidently, one or multiple people or institutions have been building positions recently. Huge trades have been going through almost daily that the vast majority of PI’s would not be making…

Can’t understand why any shareholder would’ve voted no on resolution 2 at the first GM - what possible benefit does voting no give?

It was already announced back in May - this is just the actual issuance of the shares. So market should have already factored that in. I know I have with my numbers...