Member Info for TheGreekLizard

The world’s largest automaker made two major announcements last week which signal that it finally recognises that the future is electric. But it may be too little too late for the company that revolutionised manufacturing half a century ago.

The first announcement was that Toyota would develop a dedicated EV platform after its disastrous half-hearted attempt with the BZ4X.

Japanese newspaper The Asahi Shimbun reported Toyota doesn’t expect to launch its EV range until 2027-28. At the rate at which global EV market share is growing, Toyota will be lucky to retain a tenth of its 10 million unit market share in major market on that timeframe.
The grandson of Toyota’s founder Kiichiro Toyoda, Akio has received a barrage of criticism in recent years for his failure to identify the world’s shift to EVs while pouring billions of dollars into white elephant technologies like hydrogen.

Nothing articulates the challenge Toyota faces better than some recent key figures. In December, fully electric vehicles made up 33% of all new car sales in Germany and the UK, up from less than 10% in both markets just 2 years earlier.

https://thedriven.io/2023/01/30/toyota-faces-disaster-unless-new-ceo-performs-miracle-pivot-to-electric-vehicles/

Efforts are already under way to construct new mineral refineries in the US, while in the UK companies including Pensana are seeking to build rare earth processing hubs that can make magnets used in wind turbines and electric car motors.

https://www.telegraph.co.uk/business/2023/04/18/rare-earth-gold-rush-electric-cars-uk/

Calculating - Think that is pure speculation at best, There is no company or public information suggesting any named Strategic partner at this stage , So you should change your assumption , To your own personal view.

Hi Tony
The immediate action would be address the working capital position (which in the scheme of things is not large), The next step is ,The Company has been engaged with three parties to provide the required funding; namely the previously announced US$175 million bond issue being arranged by ABG Sundal Collier, for which the Company has received green bond accreditation from CICERO rating agency, a $220 million strategic equity investor which is before its investment committee and a $150 million debt package being arranged by a South African bank.

Deadowl - Seriously are you a patriot or mindlessly dumb , Go back to your fossil fuels pollutant stock and be happy there you moron.

Theo - Is a drop kick deadbeat bankrupt bitter and twistiest that his has lost his money , And his only aim in life is to see all others down at his level , Quite sad really one has to get self satisfaction by trying to attempt to make others fail as he has done.

Hi Tony
Would be ongoing ore characterisation test work for the metallurgists. This work would be ongoing.

mayorhumdinger - Update on Financing and Project Development
Further to the release of the Interim Results on 31 March 2023, the Company provides the following update
on Financing and Project Development.
As reported the Company is at an advanced stage in its financing of both the Saltend rare earth separation
facility in the UK and the Longonjo mine in Angola. The total capital requirement is US$550 million.
Both projects are fully permitted, with FEED studies complete and early works programmes well underway
on each site led by highly experienced project delivery teams.
The Company has been engaged with three parties to provide the required funding; namely the previously
announced US$175 million bond issue being arranged by ABG Sundal Collier, for which the Company has
received green bond accreditation from CICERO rating agency, a $220 million strategic equity investor which
is before its investment committee and a $150 million debt package being arranged by a South African bank.
https://pensana.co.uk/wp-content/uploads/2023/04/Pensana_RNS_Operational_Update-_-3-April-2023-1-1.pdf

Dumbpunter - According to you and your unsolicited advice , would you care to elaborate with fact.

Dumbpunter - You really are digging a deeper hole for yourself as your continual mistruths are never ending.

So the is no patent applied for process to treat the ore to recover the thorium before it gets to the UK.
PRE will import 1500 tpa to the UK.
Environmental permission for saltend won't be granted.
Better tell Hull Council.

Deadowl - Thought you were going to be happy somewhere else sniffing petrol, But you are back again just like a bad smell.

Dumbpunter - All copied and compiled for future reference., for when you delete your account as last time.

Dumbpunter - Unbiased opinion you say !!!! Well that now shows you as a pathological liar with a vested agenda for Pensana to fail , Your posting history is for all to see and one day you will be caught out and have to answer for all your liable untruths.

>>Would you explain what you are doing here
I could ask the same thing from you, if it was any of my business, which it isn't.

Dumbpunter - I can tell you that i have a financial position in Pensana as a long term investor , Now what is your reason to be on this BB other than to down ramp on a daily basis.

Dumbpunter - Would you explain what you are doing here multiple times a day , day after day week after week, year after year as a non holder with negative posts, leaves no other explanation .

Dumbpunter - Very happy for your investment decision good for you , Seeing you have a non financial interest in PRE the same as your downramping desperadoes , There is no concern for you. We are all big boys here and are more than capable to make our own decision, So now it is time for you to move along and concentrate on your own investments which you hold.

Theo - Looks like you now have a new little Creature to add to your down ramping stable you must be so excited for his prospects , looks like Dumbpunter has finally reached his use by date.

Seriously Dead owl , Not interested one little bit of you regurgitated down ramping rubbish you and your troll desperadoes buddies have to say. As has been the same crap for over 3 years , You really all need a life outside Pensana you sick twisted little creatures.

WiseOwlSpeak - You really now are becoming a serial pest in the same company as Dumbo and Theo , We can now add to to list as a non financial holding FUD merchant only interested in downramping , Now go away like a little troll and be happy somewhere else.

Dumbpunter- You imbecile no one is interested if what you have to say , Go away you serial pest and play in the traffic.