Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
Lol, Dumbo go away please, you keep making a arse of yourself.
That's an interesting one China, Pensana will no doubt extend into magnet production. Personally I think there will be a deal to do this with LCM before Pensana eventually buys them out.
RNS coming soon!!
I don’t know enough about White Mountain to comment Reg.
PI’s are so impatient! The testing of the 1400 samples took far longer than they expected, closer to 6 weeks than the announced 3w. The results are currently being evaluated with the team at Terrasearch and will be completed shortly. Put your feet up and relax. News to be released very soon ;0)
Dumbo, you need to get to school pal.
Please provide the actual piece of uk legislation. Surely it’s not hard to find as you keep stating it.
Theorist, FCA handbook is guidance and not legislation.
As I’m “out of my depth” please post the legislation around it. TR-1 non disclosures are common place in the industry.
And we all know the FCA is a good as a chocolate fireguard!
Dumbo, you forgot to change your login to Theorist! Tool.
https://www.legislation.gov.uk/ukpga/2013/33
Please point out the exact piece of legislation from the link.
Theorist , it is not stated in the Financial Services Act therefore it is not legislative. I rest my case.
You are incorrect, please post the legislation stating it. The information you have posted below is "guidance and rules" it is not legislative.
If that was the case, why invest in RBW! What a complete tool you are Dumbo.
No they don’t dumbo, it’s guidance only and not a legal requirement
For clarity DP, it is not a legal requirement to issue a TR-1 on large stakes in organisations , quite often TR-1’s are used to ramp the share price, a good example is Justin the clown on VOX, heissued a TR-1 on Nexus when he brought 5% of the company. Shares roofed it, and he sold into the ramp. He did NOT issue a TR-1 when he sold out his stake!
I really hope so I have said, I have substantial holdings in both RBW and PRE ;0). I just don’t get your obsession with PRE if you don’t hold any shares and constantly on the PRE board ****ging them off the why keep at it, have you a “thing” for PA and gutted that you never got it a year ago?
Dumbpunter is a complete tool, he is so intent on trying to drag down the competition of his beloved RBW, and now is crying in his milk as he’s missed the boat. if he had any sense he would invest in both companies. Come on dumbo, double down with another £1.50 in your portfolio.
Dumbpunter, why are you always trying to deramp Pensana, did PA shaft you in a previous life?
PRE capex is a lot larger than RBW, purely due to the scale of the two business. It’s like comparing google to lycos.
And don’t be an idiot, are you saying that if RBW could get a tax break like PRE then wouldn’t take it, of course they would!
Anyway, for me both companies have got a fantastic opportunity to benefit from the green revolution and would be disappointed if I didn’t 10x on both by 2025.(Although if think PRE will 20x in that time,lol)
It’s a very interesting article.
In Todays, "This is Money" Pensana shares rise 35% in last month
Pensana's shares have been on a tear, rising 35 per cent in the last month.
In part, the rise is due to talk that a US-based activist hedge fund has been building a sizeable shareholding in the rare earth metals firm, which supplies electric car makers.
City gossips claim the fund has been building its stake through a vehicle called Pershing Nominees Limited, which now owns 15.9 per cent of Pensana.
Quite what the unnamed investment firm plans for Pensana – which aims to develop Western Europe's first £90million rare earth processing plant in Hull – remains to be seen.
But it could be a timely investment if fresh detail about a loan to Pensana from the Government's Automotive Transformation Fund is announced in the coming weeks.
If we see Pershing going above 20% then brace yourself for a bidding war! SP will rapidly go to £5+
I think the valuation is slightly on the high side. SP should easily see a 10x by 2025 . Might be sooner if we get taken out like it looks like Pensana might be as suggest in the papers again today (Daily Mail - this is money) https://www.thisismoney.co.uk/money/share-investing/article-10148109/STOCKS-WATCH-Predator-circling-Stagecoach-trains-group.html
Looks like PRE are about to be gobbled up as a US hedge fund is taking a large position (now at 15.9%). Being both a PRE and RBW holder I would rather see the projects through to creating revenues so we can see our full potential. rather than accepting quick 5x on today’s prices. Finger crossed RBW can hold tight.
Pensana are also now able to write off 100% capital expenditure against the 1st year revenue (estimated around $200m-$250m) so are building both their Angola mine and Saltend processing plant for peanuts, does the South African government have a similar scheme yet the RBW can take advantage of?
GLA.
The agreement will have a break clause, hence why RBW are desperate to do a deal with Pensana.
Great article DP, shame it was in 2015 and things have moved on somewhat since then.