Member Info for Tornadotony

Centamin below book value. Resources and reserves give a valuation of 108p after 2022 mining depletion rate of 460,000 ounces. Last time we were at 87p gold was sub $1790 per ounce.

Thanks for that.

their for there my mistake.

DP No I was correct with that correlation although the drop because of Russian miners has to be sliced out.

To change the subject, will rainbow have another placing for the DFS work. I believe they have enough for PEA and converting inferred into resources as JORC by September the latest for the later.

We do have a seller back and the FTSE 350 miner index is still going down. I suspect the miner index bottoms in 8 weeks time after FED do there 0.5% hike. I sense rainbow may still flirt with 13.5p area again so another opportunity to buy cheaper shares is a possibility.

At 7p. Managed to reshuffle the portfolio a bit. The rest has to wait for ISA new year.

I hold no position on AAZ and grateful for the benefits of the past.

The share is following the FTSE 350 mining index in direct correlation over the past year until 2 February. As we know Russian miners listed in the 350 index have blown up since. In the past week as Russian miners bottomed, AAZ resumed its linkage with FTSE 350. What folks are experiencing is a sector wide issue and not AAZ specific. It is a canary in the mine for all other stock sectors of a widespread market correction. Miners are the first to take the hit. Just have plenty of cash ready for the bottom.

I suspect a few alterations may have been made somewhere.

I have let V know about it.

Take a look at FTSE 350 FTNMX551030 and look on the monthly chart. Things have to bottom at some point.

The message I get if I go Pensana website.

Your connection isn't private
Attackers might be trying to steal your information from pensana.co.uk (for example, passwords, messages or credit cards).
NET::ERR_CERT_DATE_INVALID

No DP they won't use historical averaging otherwise nothing gets transition funding. The world has fundamentally changed and it it will continue to change dramatically. Nobody is going to dump precious NdPr on the global market imop.

A lot of shareholders placed pressure on the company for an update. The replies many of us received were waiting on completion of a major work item. The work item completed was the FEED. The value of the FEED study was that it generated improvements that have at least kept pace with some of the inflationary impacts that had occurred since the work began 9 months ago.
The only significant issue regarding IRR was the company taking a market rate of $120,000 per tonne of NdPr. Sprott at Rainbow rare report was running on a lower figure of $100,000 per tonne and they had a higher figure at $125,000 per tonne. I suspect other companies are also working around this range. The days of $50,000 per tonne when demand is going through the roof on decarbonisation needs as well as ESG protocols is over. Sponsoring sources also know this and are working with that metric as well. Everyone knows the company is not giving the full range of IRRs against variable commodity prices and a host of other factors. It’s the percentage difference reflecting the benefits of doing it through a FEED route which also is identifying other changes that add productivity and higher ESG compliance was the issue being highlighted.
The company are in the middle of what is likely complex financial discussions. They may well have more than one proposal to consider. They may have some interest in the mine in Angola alone or they may have conditions being set the by the UK Government which keeps Pensana as a strategic infrastructure asset having to remain in the UK and that may impact what another proposed sponsor wants to do. We are not going to get a chapter and verse running commentary on this. What we do know is that we have some fairly strong hints that this has to be all resolved in Q2.
The second factor that changed was somebody buying 5% of Pensana the day after a new application site was filed in Hull. It tells me that a funding sponsor was telling Pensana that any sign of green washing was out. The project had to cover the full cycle or they were not going to help with what the company needed. So the company probably said how high do we have to jump over the green washing line and they just got on with doing what interested pay masters told them what they wanted the company go and do. Hence, a second site at Hull, being larger and meeting the requirements of using a hydrogen source for recycling was being demonstrated as being possible arose.
This whole proposal started as energy transition and being strategic in that sphere. Of course the average strike force fighter jet has around 435kgs of rare earth in it and a huge volume also goes into a frigate or submarine. Can anyone see China wanting to sell any to the UK, EU or USA in the future without restrictions? The telecommunications and IT industry is also highly dependent on rare earth sourcing and other uses are emerging all the time for rare earth technologies.

First stage is completing the preliminary economic assessment and flow sheets. Confirmation of the removal of fluoride would support the 66% recovery proposition. The target to complete for all of this was June 2022.
The drilling campaign to deliver measured and indicated values in the gypsum is to be undertaken between April and June so the resource model is then known by July or August 2022. Applications to develop the site for its new purpose in South Africa are being worked on and could be filed at that point.

The next stage is a DFS which is a full blown feasibility and pilot stage work to confirm what has been done by K tech etcetera. This takes the project to late 2022.

The final stage is construction of manufacturing facilities and to be ready for production. Likely to be Q4 of 2023 or Q1 of 2024 if DFS got delayed. The construction of facilities is on a brownfield mining site already. The company would probably fund the construction phase via a bank loan. Pay back should be about 1 year of production. The gypsum stacks provide 17 years of production in total. The concept however, provides repetition with other gypsum stack resources to exploit where they contain rare earths.

My question concerned whether enough blood specimens had been collected and retained as a Bio Bank source for biomarker analysis in patients for both placebo and synairgen treated patients in the Sprinter trial. As promised I copied my reply here.

Dear Anthony,

Thank you for your enquiry and for your patience as we have responded to queries.

We do not have samples with which to conduct such an analysis. We remain in the process of analysing the topline and full dataset from the SPRINTER Phase 3 study. The findings of this analysis will be submitted to a peer-review journal.

Best,

Brooke

It is time for management to have skin in the game sort of speak so that investors have a stronger conviction in the Centamin recovery story.

The divi was 5 cents what did folks expect.

This will be a dream entry by the time we get to H2

Market is backward looking after all.

The current price has Centamin around its usual 14-15 PE rate. When the company is out performing in the past it was as high as 20 PE. Before profit share the PE was kept to 10. I therefore expect Centamin to be no change at the open. As I thought we have a lot of significant news in-bound during the year. Centamin is setting up as a growth share. They are spending now to deliver a stronger company in H2 and for next year. Hopefully we will get a broker note to capture their perspective.

I took 25% off above 104p to avoid my CEY holding being overweight. The lift shaft drop has caught me out. I wonder how many took everything off to buy back in lower. The trouble is we have news coming in April and I am hoping CEY will go up much higher.