Member Info for SmartPunter

The Financial Times is a hostile state actor for pointing out that Pensana was a radioactive non starter, run by a ceo with a string of failures behind him?

He's kept it ip for 1035 posts.

Some effort for no gain.

>>Buy cheaper China battery / manufacture unit or pay MUCH more for non China one?
ECG, mate. Have to pay more.

The timescale to take dirt in Africa to working motors and generators in Hull are long. A decade. LCM maybe our saviour but again time is not on our side.
In 10 years time alternatives to REE magnets maybe required in wind generation due to weight, bigger generators are higher up and less stable.

The 20m run rate wasn't mainly wages according to the annual report. The majority was payments to various organisation for fees and maintenance.

So, no, the UK doesn't need PRE at all.

Under the Brexit deal, rhe rules of origin exception for UK manufactured vehicles expires at the end of 2023. After that a 10% tariff applies.
https://www.ft.com/content/3ce34199-8e0f-487e-b603-03e47b5559e9
The UK is so far behind that there is not going to be any car manufacturing for export in the UK. The opportunity has been lost. Except Nissan who have their own Gigafactory and rare earth magnet supply from Japan (the only country outside China with a active rare earth magnet supply chain).
Other than that, UK has signed up for Australia materials from the several mines and processing plans that are due online soon.

De-listed.

Just to drive the point home.

Techmet are investors in Rainbow Rare.

Well.. it has completely changed.

After that RNS, definitely The End.

And Begbies, I know them well...

He asked the same idiotic question in his first post.
Two months ago.
You'd think he would have absorbed the answer by now.

Recycling is extremely difficult and its going to be many years before there is noticeable quantity of material available to recycle.
Then there is the point that they are withholding the technology to manufacture the magnets, which recycling offers no help at all.

What dones that mean.?

And to be clear last time they blocked the export of product this time its the block of manufacturing technology and ip.
Can they legally do this, yes.
If there anything we can do to mitigate it, not really, building a mine won't help.

And it backfired

China won't pull the plug, it's counterproductive.

They vastly over extended the investment requirements and made no effect to produce a creditiatable investment case.
Never even bothered to produce a DFS after cancelling the BFS. Nevermind their thorium problem.

It's not just about credibility, it's use of the international banking system, the IMF, subsidises and trade deals.
China isn't going to break a system that allows them to invest securely.

>>They're a sovereign state, they can do what they like - there's no such thing as international law, only local laws.

That point blank wrong. African states and China will stick to international laws and mining agreements because its in their interests to do so and because internal courts will apply penalties which will be collected.