Member Info for TheGreekLizard

“We very much appreciate M&G’s continuing support as a major shareholder over the past 12 months.
Initial site works have commenced at Saltend and Longonjo, and this additional investment will take us
through to main financing and the commencement of main construction at both projects during Q1 of
2023. We look forward to delivering on the strong support from major shareholders and developing an
independent and sustainable rare earth supply chain based in the UK to meet the burgeoning demand
from automotive and wind turbine OEMs.”
https://pensana.co.uk/wp-content/uploads/2022/12/Pensana_RNS_Share-Issue_-Dec.-2022-1-1.pdf

Lewis - When you try to be civil and you have to put up with grumpy old miserable whingers , For gods sake take a chill pill and relax , You do not hold court here it is a public forum for all.

Lewis- No insider just a LTH trying to keep the board informed and civil moving forward.

Following the Company's operational update of 26 October 2022, Pensana is pleased to report that Project Delivery Teams for each of the Saltend and Longonjo projects have moved on-site and have commenced the early construction programmes.

Saltend



At Saltend, the Company's principal contractor, Wood, is on-site, overseeing Yorkshire Water's nominated contractor for the relocation of existing pipework along the site's western boundary. This is progressing well as part of the activities to enable the main contractual works to commence early in the New Year.

The contracts for the earthworks have been assessed for imminent award, per the construction plan schedule, and are overseen by the Wood, which has been appointed to supervise these contracts alongside Pensana's recently appointed owners' team construction manager, Mark O'Rourke.

Saltend now has 24/7 site security following the installation of the construction offices, security and welfare cabins and the development of the site access locations.

Longonjo



The Longonjo earthworks and civils contractor, Grupo Nov, has mobilised to site. Ground clearing of the area for the main construction camp has been undertaken. The fabrication of the construction camp buildings by Bushtec at their plant in South Africa, is progressing well and is on schedule for delivery to site in January 2023.

Kick-off site sessions were held with the sub-contractors appointed for site electrical reticulation (Electra) and main HT/LT sub-stations (Enerline), who completed their pre-mobilisation site inspections alongside the Pensana owners' team.

Contractors associated with the process water supply (ERM), tailings storage facilities (SRK), and waste management services (AES) have participated as part of the ongoing detailed design development workstreams.

Under the Stakeholder Engagement Program, updates on the Longonjo site activities were presented by Project Director, Kevin Botha, to the Governor of Huambo and the Longonjo Administrator.

Sessions have been held with Port of Lobito operations and local suppliers of construction materials to confirm arrangements for the main construction requirements.
Operational readiness



Recruitment of key operational personnel for both Saltend and Longonjo is continuing. The intention is for key operators to be part of the construction process to assist them moving seamlessly into commissioning.
https://www.londonstockexchange.com/news-article/PRE/operational-update-for-saltend-and-longonjo/15732466

Dumpunter talking rubbish as usual.

GKN Powder Metallurgy (GKN PM) announces its roadmap to expand share in EV by entering into production of permanent magnets for the European and North American markets.
The company is uniquely positioned as a world-leading manufacturer of metal powders and parts, leveraging its extensive experience in supplying the automotive industry, its existing OEM partnerships, its established manufacturing processes, and its global local-to-local production footprint.
Significant investment is being planned to establish a capacity to produce up to 4,000 tonnes of permanent magnets per year for the EV market by 2024.

https://www.gknpm.com/en/news-and-media/news-releases/2022/gkn-powder-metallurgy-enters-permanent-magnets-for-electric-vehicles-market/

Hello all, although the impact of negative posts would not have deterred long term holders or those well researched I believe they have achieved what they set out to do. Ruin sentiment and stop any more new retail buyers to invest. The long term impact will not be notice on the announcement of finance, this is the hurdle and quite a large one at that holding us back. Good luck true believers let’s hope positive news is near.

Spot on RareEarther their are over a 100 personalized posts attacking PA and Pensana in his posting history which i am copying at the moment onto a external hard drive before he deletes his account for future recourse.

Today, the European Commission has concluded negotiations with the Republic of Angola on a Sustainable Investment Facilitation Agreement (SIFA) – the first EU agreement of this kind. The EU is pursuing such agreements to promote sustainable investments in its engagement with African partners. The EU-Angola SIFA will make it easier to attract and expand investments while integrating environment and labour rights commitments in the EU-Angola relationship. The EU is committed to boosting sustainability in its trade policy, as set out in its new trade strategy.
This agreement will help boost sustainable investment in Angola and the EU will also provide technical support to put the agreement into practice. This comes as Angola seeks to diversify its economic model, which is currently based on its abundant raw materials and energy resources. The SIFA will also support Angola's efforts to improve the investment climate for foreign and local investors, especially for small and medium-sized enterprises. Beyond the agreement reached today, Angola envisages joining the Economic Partnership Agreement between the EU and the Southern African Development Community (EU-SADC EPA) to guarantee privileged access to the EU market for Angolan exports.
https://ec.europa.eu/commission/presscorner/detail/en/IP_22_6136

Theo - Wrong again. You cannot be a Shareholder because you are a Bankrupt.

Theo- The ramblings and discontent of a bankrupt, Now you can only stand by the sidelines and cast doubt as all your creditably has being washed thru your administration , Sad state of affairs and do feel for all your creditors that have being swindled.

Theo- The bankrupt , If i was you i would be more worried about hiding from your creditors than PRE , were you cannot afford to buy in , You really now are out of the game and missed your opportunity, life sucks when you are a bankrupt.

DumpPunter - No time is wasted on you. As you are a imbecile.

Theo - You should know better than divulging that sort of information, Your administrator will catch you out with your ill - gotten gains , I do feel for your creditors though , Wasted money that could have gone back to pay your debts.

Theo - Looks like you are now starting to understand financial affairs from the point of view as a bankrupt, Shame you did not save yourself from a life long embarrassment from your bad financial decisions , Just as well you are not running PRE as we would have being bankrupted a long time ago , Clearly you can now watch and learn and see were you went so horribly wrong, As PRE will be funded, Funny thing is that jealously , they say it is a curse.

Dumbstupid/Punter What is fundamentally wrong is your continuing pollution of your verbal garbage on this board as a non holding TROLL. nobody takes any notice of you as your creditably over the last 12 - 18 months has been shot to pieces every time , all reports have been published on the company website for all to view instead of taking any notice of your limited and lacking imbecilic interpretation.

Parliamentary Questions: What steps are the Government taking to improve resilience and diversify rare earth mineral supply chains away from China? (Andrew Rosindell, MP).

Minister of State at the Department for Business, Energy and Industrial Strategy, Ms Nusrat Ghani, responded to questions on what steps the government are taking to diversify rare earth mineral supply chains away from China.

“The Government published the Critical Minerals Strategy in July, which sets out plans to improve the resilience of critical minerals supply chains by boosting domestic capability, enhancing global markets, and playing a leading role in solving global challenges with our international partners.

The Government is committed to building domestic critical mineral supply chains, for example, by supporting UK-based rare earths developer Pensana’s new rare earth magnet materials refinery in Yorkshire. Earlier this year, the UK signed up to the Minerals Security Partnership alongside ten other like-minded partners to support the development of diverse supply chains”.

Pensana Chairman Paul Atherley also commented:

“Following the launch of the Government's Critical Mineral Strategy at Pensana’s Saltend ground breaking ceremony in July, we believe that Pensana is uniquely positioned to support the Critical Minerals Strategy and to benefit from the transformational demand for permanent magnets necessary for the ongoing global energy transition. Pensana aims to become an alternative source for European automotive and wind turbine original equipment manufacturers (OEMs), and ultimately disrupt the current Chinese monopoly on rare earth supply”.

From the parliament q&a
Andrew Rosindell
Conservative
Romford
Commons (https://members.parliament.uk/member/1447/contact)
Ask the Secretary of State for Business, Energy and Industrial Strategy, what steps his Department is taking to diversify rare earth mineral supply chains away from China.
Answered on
8 November 2022
The Government published the Critical Minerals Strategy in July, which sets out plans to improve the resilience of critical minerals supply chains by boosting domestic capability, enhancing global markets, and playing a leading role in solving global challenges with our international partners.
The Government is committed to building domestic critical mineral supply chains, for example, by supporting UK-based rare earths developer Pensana’s new rare earth magnet materials refinery in Yorkshire. Earlier this year, the UK signed up to the Minerals Security Partnership alongside ten other likeminded partners to support the development of diverse supply chains.
Answered by
Department for Business, Energy and Industrial Strategy (https://www.gov.uk/.../department-for-business-energy-and...)
members.parliament.uk (https://members.parliament.uk/member/1447/contact)
Contact information for Andrew Rosindell - MPs and Lords - UK Parliament
Andrew Rosindell is the Conservative MP for Romford, and has been an MP continuously since 7 June 2001.

SP/DP You would not have a clue you non holding fool , just do us a favor a disappear back to your basement you twit, Everybody has had enough of your regurgitated rubbish.

According to the company, initial feedstock will be shipped as clean, high-purity mixed rare earth double sulphate from Longonjo, meaning it has a low environmental impact. The open-cast mine and state-of-the-art concentrator and proprietary mixed rare earth double sulphate processing plant was designed by the leading engineering and construction company Wood Group (LSE:WG., Financial). The project also has a patent pending on the processing methodology, which could be applied for other resources down the line. Pensana is also looking at packup supply to reduce risk should Longonjo, as a greenfield project, not ramp up when the U.K. refinery is ready. It is also looking at exploration at Coola, which could potentially add reserves to Longonjo’s forecasted 20-year life.

Liberum's renewables analyst, Sam Wahab initiates coverage of Pensana with a BUY rating and a target price of £2.01 - a 230% upside from the current share price.

Pensana is uniquely positioned to benefit from the transformational demand for permanent magnets necessary for the ongoing global energy transition. The company aims to become an alternative source for European automotive and wind turbine original equipment manufacturers (OEMs), and ultimately disrupt the current Chinese monopoly on rare earth supply. Pensana benefits from significant policy-backed tailwinds in Europe, underpinned by potentially world-class feedstock from Africa, which we believe will lead to a re-rating in its valuation on successful financing. We initiate coverage with a BUY rating and 201p/share TP.

Key points
Saltend will be a globally recognised independent and sustainable supplier of key rare earth magnet metal oxides
Value drivers
Total magnet rare earth demand is forecast to grow by a CAGR of 8.3% to c.250kt by 2035
What market misses
Supply of c.12.5kt pa., of which 4.5 – 5.0kt will be NdPrO
Europe overtook China as the world’s largest EV market for the first time in 2022
Is there value?
Our SOTP valuation infers c.230% upside from the current share price
Based on a 12.2% WACC and 40% Chance of Commerciality
https://pensana.co.uk/wp-content/uploads/2022/11/Pensana-Plc_Initiation_Loosening-Chinas-grip-on-rare-earths.pdf