Member Info for SunDrum

It has been timed to coincide with COP26 Transport meetings next week. It is a tax payer funded sales pitch to HMG for them to give LCM more taxpayers cash to build a magnet factory. The feedstock is already sorted from a company called VV whom they share 2 Directors with. It was a closed shop before the 'feasibility study' was commissioned.
This report and the UK magnet factory is irrelevant to PRE as their core market is export. That is why they chose to build a processing plant in a freeport.

No Numbnut, I am not. PRE was at stage 2 of the process at the beginning of Sept. During stage 2 a decision is made by the Capital Grants team as to whether to award a grant and at what value. At the end of stage 2 provisional approval is achieved (or not). It then moves to stage 3 of the process and is passed over to the Treasury for final sign off (or not).

"No other company has been moved to stage 2.
This is because stage 2 is 'acceptance of application'.
Its meaningless."
Wrong.
Stage 1 - Application assessed
Stage 2 - HMG Capital Grants team - value of ATF decided (or not) and provisional approval.
Stage 3 - HMG Treasury - final approval.
Dunning Kruger effect again I'm afraid.

Muthurajan Jegadeesan is on the board of LCM. He also happens to be the Managing Partner of VV Minerals that source their rare earths from heavy mineral sand processing. This explains a lot.
Thankfully Pensana will have been aware of this months ago and it explains why HMG continues to engage with PRE re. the ATF. The LCM magnet factory and PRE should therefore be seen as mutually exclusive and HMG is looking at both for ATF funding. LCM as an integrated magnet manufacturer and PRE as a global supplier of NdPr.

If this is the case, why did HMG move Pensana to stage 2 of the ATF process as confirmed at the beginning of September? This report will have been seen by HMG a number of months earlier.
If getting hold of REE was as easy and as cheaply as the report suggests why are all western governments wetting the bed over the situation and analysts saying there is not a single scenario where supply will meet demand in the next decade?

Metal - It is posturing, pure and simple. LCM know they are in pole position to build a plant and want to minimise their risk.
When someone gives me a decent answer to my question with some substantive information to back their suggestion up, I might re-consider.

Charles - The same can be said for PRE as confirmed by the Chairman in the latest webinar.

Metal - So a company that has been paid to produce a feasibilty report on RE magnet manufacturing creates a document that positions itself as the prime candidate for government support to build one whilst blatantly attempting to drive down the cost of their raw materials. Come on, keep up.
Anyway, perhaps you can answer my question. Which company will provide rare earth raw materials in the UK at very low or zero cost, as demand and market rates continue to sky rocket?

10th November is when Transport is scheduled for at COP26. Everything seems to be lining up with that date in mind.

Excuse my ignorance but perhaps someone can help me out here. Ford are investing £230m to make 250k power units/annum in the UK from 2024 which means they have been assured by HMG the supply chain for permanent magnets will be in place by then. The LCM report supports this theory by presupposing a competitive supply of raw materials will have been established. The report also states the source of rare earths must be available at very low and ideally zero cost.
Which company will provide rare earth raw materials in the UK at very low or zero cost, as demand and market rates continue to sky rocket?

Theorist is Theo Theodorou and he works for Alfred H Knight. I have highlighted why he downramps in a previous post. Dumbpunter is another person. He is simply a common troll who has become the world's leading authority on REE mining, processing and financing in the last 11 months (see Dunning Kruger effect) and simply revels in negative feedback.

Eloro - you do understand that it is the government's decision, not Pensana's don't you? It is quite ridiculous to blame Pensana for the lack of an announcement. From a funding point of view they have clearly stated nothing will be in place until the end of the year.

Jeez, you are dull. Write to This is Money - it's their article. Then you can add them to the very long list of people who think you are a complete spanner.

Dumb Peter Woodford - bore off you ******* clown.

Who would have thought?
https://www.thisismoney.co.uk/money/share-investing/article-10148109/STOCKS-WATCH-Predator-circling-Stagecoach-trains-group.html

DumbPeter - are you related to Neil Woodford?

A message to new/potential investors - this stock, as highlighted by well respected investment media, is an outstanding prospect. You will however have to put up with a couple of clowns that have zero shares in the company that spend their time trolling the stock. Ignore them as their motives are very far from being honourable. A cursory scroll through the comments on here will highlight who they are and why they do what they do.

Theo AHK - probably been overlooked for promotion as a result of his childish behaviour. In for a penny and all that.

Dumbpunter is nothing but a common troll that revels in negative feedback. He owns no PRE shares yet the majority of his posts are about PRE. He is a needy, no mark, low achieving keyboard warrior who no-one takes seriously in the real world hence his desire for recognition on here. He is incapable of not posting on here as it is hardwired into him to seek negative attention - a bit like a moth to a flame - totally self defeating but he is unable to control himself. It can be traced back to his childhood so we really should feel sorry for him.
You watch. Any normal person would read this and think, he has a point, I'll stop. Not Dumbpunter though, he will continue to post pointless negative nonsense with no purpose other than his unconscious desire for the gratification he receives from the negative feedback. Really sad, but true.

It's history gents. They have filled their boots and will now be sat back watching the SP accelerate as imminent news lands.