The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Theo - Temper, temper.
You wrote, ' I do not recall ever saying anything about administrators.'
I consequently pointed out the fact that you wrote about administrators on 6 separate occasions. As you're dishing out labels, what does that make you?
theorist - you say you can't recollect saying anything about administrators. what a load of bull****!!!
you wrote on the following dates and times;
31 mar 2023 17:08
i would expect the company to collapse into administration this weekend.
31 mar 2023 18:13
if the company is not solvent the directors have to call in administrators.
2 apr 2023 14:17
if, come tomorrow, the board has been unable to secure a lifeline they have to call in the administrators.
2 apr 2023 18:26
if they don’t call in the administrators this weekend or very early next that could only be because they have secured funding, even if that’s just 5 or 10m.
11 apr 2023 13:05
i cannot see the company going beyond friday without either announcing finance or administration. looking at the sp the needle seems to be swinging towards administration.
16 apr 2023 21:30
my money would be that tomorrow is the day, finance or administration.
Tony - the difficulty with that as I understand it is, the due diligence is mandated by the bank, not the company. As such, it is likely to be confidential and for the lenders use only.
It is fair to say that in the absence of information to the contrary (which would have a material effect on the SP) and the company has stated completion of finance is in the next few weeks, it would be fair to assume that due diligence has been completed successfully.
The font of all knowledge that is Theorist? The same Theorist that firmly lost his shirt on HZM? The same Theorist that pursues a decades long, petty vendetta against Paul Atherley? The same Theorist that has predicted specific outcomes on numerous occasions with regard to Pensana and got them spectacularly wrong every time?
What could possibly go wrong listening to him?
Here you go Tony - https://www.linkedin.com/posts/rvy-ltd_rareearths-energytransition-evs-activity-7148255138237857795-KNL3?utm_source=share&utm_medium=member_desktop
RE - The cynical side of me says that £14.5m is a small price to pay to get a slice of the green vote. The pragmatic side of me recognises that if habitats and ecosystems collapse we will all starve. The optimistic side of me thinks that the money has been awarded because the government just really likes animals.
RareEarther - Lorry driver shortages cost the UK economy a considerable amount. Spending £8m on roadside facilities will have a quicker impact on the UK economy and hence votes. The problem is the 5 year election cycle. It's the price we pay for democracy.
Valuation-it-is - I refer to politics. Whilst we have known that HMG were backing PRE via the ATF for some time now, what we haven't known is the amount. HMG has had over a year to confirm the amount but have chosen to do it today. Why now? Why not a week ago, a month ago, 3 months ago? Why not in 3/6/9 month's time?
Given the BritishVolt fiasco, HMG have been far more cautious about which companies they are being seen to back. They will only back those companies they 100% believe will succeed in creating significant value to the UK economy. As financing for LJ and Saltend has not been announced, HMG must be pretty confident that news is impending.
I suggest they have been waiting until such a point where political risk is considerably outweighed by political gain.
Https://www.bloomberg.com/news/articles/2023-10-05/us-turns-to-private-investment-for-critical-mineral-projects?leadSource=uverify%20wall
US Turns to Private Investment for Minerals Projects
Minerals Security Partnership weighing up to 15 projects
US negotiating critical mineral deals with EU and UK
October 5, 2023 at 8:21 PM GMT+1
The US is working with a network of private companies to help spur investment in up to 15 global critical-minerals projects designed to create a more secure supply chain of key metals.
The consortium, which includes mining and technology firms, will act as sources of information and investment for the Minerals Security Partnership, which comprises of 14 nations including the US, UK, European Union and Japan. The countries, along with some large producing nations, will meet in London on Oct. 10 to discuss how to finance the critical mineral projects, as well as environmental concerns. The focus will be on minerals used in electric car batteries.
“We’re now looking at 15 projects on five continents, ranging from extraction to processing,” Jose Fernandez, US under secretary for economic growth, energy and the environment, said at a press briefing in London on Thursday. One of those projects may be in the UK.
“It’s a project that is very promising that we are eager to support,” he said of the UK project. “No country can do it alone.”
Encouraging private sector companies to invest is a crucial part of the partnership’s aim to funnel foreign investment into a sector that supplies the raw materials crucial to the EVs and solar panels that underpin efforts to usher in a greener economy.
The US and other nations are also focused on securing a resource supply chain that’s crucial to advanced manufacturing but remains almost totally dominated by China, which controls most of the market for processing and refining minerals such as cobalt, lithium and other rare earths.
The US signed a critical minerals agreement with Japan earlier this year which allows EVs that use materials that have been collected or processed in Japan to be eligible for incentives under the US Inflation Reduction Act, and is negotiating similar deals with the EU and UK, Fernandez said.
“We’re currently in conversations with both the EU and with the UK and those conversations are intense, they are ongoing,” he said.
Theo - Who mentioned anything about it being political?
You are connected to an outfit that need NdPr. You have done your best to undermine Pensana to prevent the company being funded so that your boss can swoop in and get his hands on the product. It really is as simple as that.
Anyway, it is all academic now. You played a good game but your efforts are now better focused on targeting another player in the market.
Theorist - thank you for your concern but I think everything will be ok.
https://www.linkedin.com/posts/rvy-ltd_understudy-chemicalmetallurgical-engineer-activity-7110534005912911873-keX9/?utm_source=share&utm_medium=member_ios&fbclid=IwAR0bQpZIQp9YAfnfaMPoKh0Kfu_ly4MjODwOyhLuPiR0JCu8aGZR35X-RUc
"Assist Process Lead with improvements and recommendations to maximise plant utilisation, with minimal metal losses.
Daily trouble shooting and optimisation of the process plant during construction,commissioning and operations"