Member Info for SmartPunter

Copper, gold , iron ore all up on positive China demand

TRR are severely undervalued in relation to peers at 0.4 NAV.

Before 2026 (my expectation of first dividend date) they will have around $45m income and $19m in the bank to expand their assets. Plus any borrowing they may take up

They will be even more valuable .

bat****.

the this month, next month, definitely before the end of the year, oops, next march ,maybe, will be the second anniversary of the start of the build. or has saltend been abandoned?

hard to tell with the silence from pre

His wage is 335 plus a bonus of 165 which he earned by delivering a pilot plant, funding and a second project. Plus 35% share price rise in the year.

However his pay is 65% of the entire board payroll of 800k. PA annual renumeration.. and your chairman was paid a million.

Why is PRE paying a million to a random Portuguese conapany and spending $10-20m a year doing nothing?

Lewis

Their expenses are exceptionally high. They pay money to a subsidiary in Portugal (transfered from Germany), a million per year. No idea why, look at the accounts.

lessee

as i've explained before, i came here after one of your posters put crap about pre in the rbw forum and discovered this forum and the inspirational china ****ginvg off rbw.

Lewis

You are misunderstanding the valuation, project financing valuation is based on the project NPV, there is no direct link between that and the SP (which is sentiment, at present), The comment about 60p was an illustration of the Project valuation in use for funding.

Lessee

Ionic Earth miner is commisioning their mine in Brazil

https://www.bnamericas.com/en/news/serra-verde-receives-operating-license-for-brazil-rare-earths-project

RBW have raised over 50% of their equity funding and a commitment for the bond part from the DFC.

Three hard rock projects failed/cancelled this year.

Leesee

I'm only discussing RBW here because *you* persistently brought it up.

>>results well overdue

Results due this quarter, so not over-due yet.

The mining sector has been dire this year, not much to talk about.

I am expecting (hoping) a boom at the start of the year, however. New year will get the investors out and things will perk up.

He and George have just increased their shareholding, as has been documented.

Why would they sell up?

The MRES (Mixed Rare Earth Sulphate) has been proven in the pilot plat and has 60% pay-ability at a cost at a proportionate cost of of the final oxide production cost ($31/kg).

The project is de-risked.

Funding on a project basis, over 50% of the equity (40:60) share of the project cost ($295m) has already been provided by the DFC and a promise to take part in the bond by the DFC .

There may well be no more dilution from further raises (which have all been at a premium to the current share price).

None of this is reflected in the current share price, other than its stability (its up 40% on YTD, but not overpriced even for the MRES scenario)

MG is about £25-29k. As electric car go, its cheap.

He founded Petra diamonds which was worth multiple billions for a decade.

No idea why he quit and the company sp went tits up.

The mines were producing the biggest diamonds in the world, maybe they gave run dry, multiplecwarning that diamond production was down.

It's got naff all to do with RBW, he's registered as owning 14% plus two other companies, his net worth is $150m +

George and his team have built over 20 mines and processing projects, including a REE mine. More relevant.

There is no timetable.

If you know how long it takes why are you asking?

Https://www.marketscreener.com/business-leaders/Adonis-Pouroulis-06578L-E/biography/#:~:text=Summary,Chairman%20for%20Alufer%20Mining%20Ltd.

Lessee, if you could write Plain English instead of gibberish I might bother to reply.

I've stated that Ionic rare earth miners would be able to compete with RBW. Well looking at IXR DFS, their costs seem way higher than RBW ( $30/kg inc gypsum offtake) at $46/kg. Apparently this is for MREC which they claim 70% payability (optimistic).

Looks like another mine dependant for feasibility on Adamas optimistic future prices trend projections ($150/kg in 2026).

Even ionic clay miners will have to follow a fine line of feasibility in their hopes to compete with RBW

https://www.listcorp.com/asx/ixr/ionic-rare-earths-limited/news/makuutu-definitive-feasibility-study-2851239.html

Beneficial owner has not changed as stated in the RNS.

As the buys and transfers point out, Adonis and Bennett have been buying.

Hence the latest RNS showing their beneficial ownership now stands at over 20% between them.

The RNS being a record of truth.