Member Info for pwlx

Always got to respect profit taking so congrats and I hope you have a lovely time on your travels - but there's plenty more 100%'s to go here for those with the time and patience to wait until production starts.

I think ultimately what PA was referring to is that typically, when a stock rises several hundred percent, as was always expected with Pensana and is still expected from this stage as the mine gets closer to and subsequently begins producing, is that some of us early stage, risk taking investors will end up selling down. We will have made our money from the point where institutions couldn't or wouldn't stomach the risk of investing in a junior that didn't yet have financing, and then institutions will swoop in and pick up those shares that are sold as they are a much less risky, more solid investment for a fund at that point - delivering steady returns and dividends. It's not about trying to force retail holders out, but some of them will naturally disperse when they have made their gains.

Additionally, as the company's market cap increases and we're now past the £300m point, there's going to be index funds that have to start buying. I suspect at some point it would make sense for MSCI to include us on their Micro or Small Cap Indexes - they next update in November. There's also the FTSE 350, the lowest market cap on there currently is £340m. If we can get above that and stay there, we'll be on that index before you know it too. That will push the price up further and accelerate the process.

Some retail will continue to hold and I intend to be one of them but it's a natural progression that a chunk of retail will ultimately be replaced by institutions.

You all make fair points - one of my biggest flaws is that I’m an idealist so perhaps I’m looking at it through those spectacles… I’d just like to see Pensana succeed on the LSE and not become another story of yet another business off to different shores

And Mike I think you might be confused - a relisting in the US, were it to happen, wouldn’t involve a buyout of UK shareholders. The shares would just be transacted on a US market instead of in London. Pensana isn’t about to be bought out, there’s no need. PA and others want this to be a growth company and become a dividend paying stock for shareholders - not be bought out somehow.

I completely disagree with the notion that PRE should or might list in the US instead of London.

Firstly, and this is one of the most important points for me and I think Paul Atherley might agree: We all complain about the LSE, be it the lack of liquidity sometimes, the slow speed with which the market recognises value, or the difficulty of raising capital here. However, the system doesn’t get any better if we constantly just grow companies here and then see them bleed off the London market to the US or others instead. I don’t know this but I’d like to think PA would agree that it’s a good thing for London for Pensana to remain listed here and that in itself is a reason to remain so.

Also, there’s still every chance that Saltend is going to be a part of the company’s future, given Europe needs rare earths just as much as the US and Pensana still has Sulima and Coola which can supply other customers. The UK and Europe may be such a customer given time. Perhaps Pensana could license ReElement’s technology for the Saltend plant to increase efficiency and reduce expense.

The best solution to problems isn’t always just the easiest - and I believe relisting in the US would be short sighted when there’s no real reason to, and the company can clearly conduct its business effectively with its current London listing.

It was in RNS on 31st July. There’s a term sheet from Ara outlining their intention to provide the full $100m equity portion following positive FID.

In the meantime the company is free to negotiate with other finance providers to line up other options if for some reason Ara chose not to proceed, but the company is confident that Ara will assuming the FEED study meets all conditions precedent to the term sheet

It’s posted on their Twitter account and in the RNS

I guess the simple way of putting it is, most retail investors don’t have half a million to throw at one single stock…

I mean a private equity institution as opposed to a PI, unlikely to be anything more than small size family style firms at this market cap but as it increases (and once positive FID is confirmed early next year) I’m sure we’ll see specialist funds starting to buy in too. Followed by regular funds once the plant is up and running.

Another 100k buy 2 minutes after the first - gotta be institutional

These large transactions have been appearing on and off for weeks - I absolutely think multiple people are quietly stocking up

They already have lithium…

Okay, well let's reconvene here after the AGM results RNS when we will see that he's been reappointed - one quick and easy way to find out!

Investors can clearly see that the Company is in the best position it's been in since the start of Russia's war in Ukraine. They aren't going to be stupid enough to start voting out Directors now.

He simply isn't going to be voted out. Firstly the Directors of the company own 20%, and clearly a further 30% of shareholders will happily vote in favour of him. I'd be shocked if his approval vote is less than 90%...

By all means they're being overly cautious putting him up for election again but I fully expect his position to be very safe.

Https://teesvalleylithium.uk

Minus the something like 48% that the board hold. And minus the fact that the vast majority of shareholders on the register are long term, sticky hands... The free float is actually pretty small.

No shortage of offtake, these agreements not only prove that Pensana's RE's are in huge demand but also help to meet the conditions required to release the debt funding later down the line during construction. It's all pretty fantastic news coming from the company at the moment!

I get the feeling they don't need to - once the finance announcement comes it will speak loudly enough for itself!