Member Info for SunDrum

Nah. Just making it up as I go along.

The accumulator has taken a breather. That's all that has happened. Zero correlation between today's RNS and the SP drop.

Some of you people really need to join the TG group.

Https://www.londonstockexchange.com/news-article/PRE/appointment-of-chief-operating-officer/17221423

You need a COO that specialises in operational excellence in downstream RE processing to run such a facility.

*make magnets in the US, not the UK

Deborah - It is not that Saltend isn't happening, it is more a case that better alternatives have emerged. Stage 1 of Longonjo is financed and is in construction (https://www.lse.co.uk/rns/PRE/update-on-longonjo-finance-p9xa33114l7rssd.html). Pensana have MOUs in place for the entire output of Stage 1 and Stage 2 with Toyota Tsusho and ReElement Technologies.

Since engaging with ReElement Technologies, Trump started the trade war. He quickly learned that China had him in a stranglehold, specifically in relation to rare earths so he had to back off the tariffs he wanted to implement. As we stand today, the US can't buy rare earths from China for defence applications (i.e. they can't build jets, subs, ordnance, drones etc etc) and it has dawned on Trump that he needs to build a mine to magnet supply chain in the US, working with allied countries.

This is where ReELement come in. They are a US rare earth refining company who have patented tech and whose team are virtually all ex US Government officials. They are driving/brokering a deal with Pensana as the mine to supply NdPr to make magnets in the UK. If you look on ReElement's Linkedin feed you will see pics of their board alongside Pensana's CEO and COO at the White House.

In essence, why pursue a project in a country whose governement have no interest in building an industrial strategy when there is a far better option available? ReElement's tech/business model is better than Pensana would have built in Saltend and the US government are operating at warp speed to make this happen.

Having said all that Saltend may still be utilised in the future, to recycle magnets from offshore wind turbines.

For this and more up to date info you should join the TG group - go to the Pensana FB page for an invitation link.

Tommorrow will be interesting. 440k order at 120p placed at 16.29.

Smartpunter - Your talents are wasted. You should definitely try stand up comedy.

Hogsnipe - Don't know about the weird email thing but the old TG group I believe you were part of, is now defunct. The new one has 400 members and is tightly managed. The information in it is far, far superior to here. You really should give it a go.

Hogsnipe - when were you a member of the Pensana TG group? The original one was disbanded as it was a bit of a shower and a new one was set up. It is pretty useful.

In terms of what China is referring to - a member on the TG group recently revealed his identity and MO. He owns a family office and has been buying since July with the objective of acquiring a significant number of shares.

What about the contractor that took payment in shares at 23p (I think it was that price) and promptly sold the lot? Big mistake.

Skewwy - won't be long now.

AS1971 - Are these the same 20,000 shares you announced you sold on 5th August for a profit of about 23%?

We already knew you were a trader - many thanks for confirming. Just nice to hear you are now long. Good luck.

Hogsnipe - check out AREC and ReElement's Linkedin posts - every other one either tags Pensana or refers to them as a strategic partner. I particularly like the one with them stood outside the White House together.

HMG will still be conducting committee meetings in oak panelled rooms in 5 years time discussing how important it is to develop a critical minerals strategy. In the meantime, the US will have built out an entire supply chain and will be competing directly with the Chinese.

Https://www.dfc.gov/media/press-releases/dfc-approves-new-investments-promote-us-foreign-policy-objectives

DFC’s Board of Directors approved two strategic transactions in Sub-Saharan Africa that will drive economic development and prosperity in the region as well strengthen U.S. critical mineral supply chains essential to advancing U.S. economic growth, security, and innovation in energy, defense, and advanced technologies. These transactions are not being identified at this time due to market sensitivity. Transactions approved by DFC may be subject to additional steps prior to commitment and closing, including Congressional Notification.

MAA86 - you should join the PRE TG group. Find the link on the Pensana FB page.

Agreed. If I was a trader I'd be adjusting my position accordingly right now.

The Angolans wish to capture as much value in their own country as well as provide jobs to their people. ReElement have appeared with a very elegant solution and it looks like an excellent partnership. Who knows how things will play out but it looks like a ReElement refinery in Angola is the frontrunner.

SG - ReElement Technologies produce oxides. They are the company that Pensana signed an MOU with, for 20,000 tonnes of MREC, earlier in the year - https://www.reelementtech.com/

Around the same time, ReElement Technologies received backing of $150m to build refineries in Africa, from Novare Holdings. In this article, it states the 2nd plant to be built could be in Angola - https://constructafrica.com/news/africa-get-first-critical-minerals-refining-facilities

In this recent LinkedIn post by the Chairman of ReElement, following their meeting at the White House to discuss a US 'mine to magnet' strategy, the only mining company tagged was Pensana - https://www.linkedin.com/posts/mcej1979_exclusive-trump-administration-to-expand-activity-7356850081121128448-9Eg_/?utm_source=share&utm_medium=member_android&rcm=ACoAAAzU9HsB_bi4PtGssWuZOaA8NpZpHHlA5cU

Many of the executives of ReElement Technologies (and AREC who are a major shareholder) have distinguished careers in US Governmental departments.

The US government are building out a RE mine to magnet supply chain at 'warp speed'. The UK government are still sitting in oak pannelled rooms in London, talking about the importance of REs, whilst doing nothing.

The US government has the money, motivation, and strategic intent. The UK government doesn't.

MAA86 - They've obviously done some proper research into the company and can now see what the rest of us can see.