Member Info for SmartPunter

So.. a TR-1 is (past) due on Tuesday.

Sent, if you could check

Https://oilprice.com/Energy/Energy-General/Chinas-Rare-Earth-Leverage-Explained-in-3-Shocking-Charts.html

Outside of China, everyone’s paying a massive premium.

Europe and the U.S. are sometimes paying 2.5-3X what these charts show.

Outside China, material shows up further down the chain, as metal, as alloy, in a form that can actually be used. That’s where transactions happen.

And the price is higher.

Hogsnipe

That's execution only. Customer calls up and buys or sells. Simple. Not trading on M&G account. Other people's investment decisions.

Trading is buying and selling instantly or over a day or two to book profit on short term changes.

Long is holding at least 30 days, normally years

Yes, I'll try get a link and pm you. You could also ask in The Hive or Ask Charles groups

Phalaborwa will fund Uberaba, production start 18-24 months after

Off take news , separation results, Uberaba PFS coming

Vox markets blocked

FID Q3 2026

Commissioning and *full" production beginning 2029

https://www.**********.com/articles/rainbow-rare-earths-to-become-a-billion-dollar-company--c810eef

Hogsnipe,

M&G are not allowed to trade, they operate long only as part of their core strategy.

The stupidity of amateur investors is inspiring.

Just stayed with core holding as a blocked Hormuz Gulf strait gives Trump leverage on his China visit. If China gives a rare earth deal to get oil then a set back is possible for PRE. I would fill up a bigger position if we see low 80's again. It is the macro issues that can impact PRE'splans and the company can do little about it. The rise has been on fairly low volumes.

Stocks do not go up in a straight line. They get overbought, become expensive and retreat. They establish a higher low and then produce a higher high. The company has all the risk of construction, obtaining all the funds to service it and the DFS has yet to be actually published. Advancing in value without a DFS being finalised presents past risks that have occurred with PRE. The only justification of going heavy at this stage is whether investors expect the company to be sold before DFS publication.

Talking completes garbage again Tony. China has the biggest Navy in the world. USA will not stop them getting their oil. And it hasn't. Can you image a US attack on a Chinese ship... nope...

Besides, China has massive oil reserve storage,

The contract will have increase clauses when spot rises, probably. I think they said theyare already getting more than $300, but its will be no where near 1000

To purify they need to ship it and that is on contract. Not Spot. They quoted $300 for the helium, not the 95% of carrier gas.

so 265*.05*$300=$3950 which is inline with the $3800 per day, 1.5 days to fill,

So it will take 100 days to fill one trailer?

Your numbers are garbage. Spot prices don't apply when the contract is for 99% helium at $300 not the 5% coming out of the well

Https://www.pbs.org/newshour/nation/u-s-invests-in-project-to-remove-rare-earth-minerals-despite-differences-with-south-africa

Https://x.com/roblun1/status/2046383324776824936?s=20

TLDR;

"keep it simple, in one line how much is will the pensana share be worth at the end of the deal"

On the Cascade-implied valuation (US$355m–$424m for 100% of Ozango, Pensana ending up with 46.35% look-through plus ~$15m PLC cash and Saltend), Pensana's implied value works out to roughly 45–60p per share — well below the current ~97p.

Gemini verified your maths as correct, but OPUS 4.7 adaptive looked at the source RNS and spotted an issue.