Member Info for Tornadotony

We are not in chart territory any more. The last support line was at 503p and my tiny holding on stop loss went a few minutes after the opening on Monday. It was the last support line and there is nothing else left.

write not right autocorrect.

The fact you turned 50k into 450k suggests you have talent in stock picking assuming what you right is real. Exiting at the right time is always difficult. 70% of people would be minus. What is key is being really happy. If you did not find it at 450k then money was not the happiness you were looking for.

Was it a Russian Oligarch selling out.

Thanks Matterhorn. Where feasible so its not a full set.

I have asked the company a highly critical question which I hope they will answer. When they do I will share it here.

The question I raised was to find out if a blood sample was taken from all patients in the sprinter trial and if it was frozen and sent to Synairgen for biobanking analysis at a later date. You may ask why this is so important. If they have done so then it is possible, as they examine data, they can search for a biomarker in the frozen samples. So for example , if some patients had anti interferon 1b antibodies and say none are in the Synairgen treated cohort who died and they were a number in the placebo group say 10 who died and furthermore if 20 or so more had such antibodies in the treated group and were all well and went home after 7 days, the company would have a biomarker test that could identify when to prescribe the Synairgen medication. If they have not stored a frozen blood sample as part of the process of the clinical trial then no means of identifying biomarkers exist. In my opinion it would have been an easy thing to do as samples would have been small, and the tubes would have been pre-barcoded and traceable back to the individual in the clinical trial. We shall see what they say.

Into March and gold is still a tailwind as Shanta spends out on mine hardware and extra stripping ready for 2023. Every week it stays high is giving us cover.

Dos

Can you tell us how this dilution may workout as you see it as I was unsure from the data you gave. The December AGM was working on a 86-88p area share price. The minutes say they can not proceed if the dilution was not as agreed at the AGM and they put it in the public domain. Your holding is huge compared to many of our positions. I was anticipating MG and a few others would lead a rebound before any raise. The recent pull back on light volumes I thought was the market sentiment tanking so many sectors at present. A lot of us have an element of free carry on previous profits, but still exposed to a hit. I would be standing outside Rex house if I had that kind of investment that you have and seek a shareholder representative on the board. You have more than skin in the game as it appears the liver and heart have been included. All the best Tony

Steve Sharpe on Pensana Board
About
Steve has over 35 Years of finance and corporate experience in the Metals & Mining Sector, having arranged a transactional total of over US$6 billion and twice received the Mining Deal of the Year Award. He is an Executive Board Member of EIT RawMaterials, an Independent NED & Chair of the Audit & Risk Committee at Pensana Plc, a Director of Africa Development Partners snd the Honorary President of OCD-UK.

From 2012 to 2017, he was the President and CEO of Euromax Resources Ltd, a TSX Listed Company.
Prior to Euromax, Steve was the Senior Vice President and Head of Corporate Development at European Goldfields Ltd., the largest company on the AiM market in London, with a dual listing on the TSX. Steve prepared the groundwork for a re-domiciling from Canada to London and an upgrade to a Premium Listing of the Main Board of the LSE. He also negotiated and closed a restructuring of the capital structure of European Goldfields so as to introduce Qatar Holdings as the single largest shareholder. These steps were key to ensuring a maximum valuation and culminated in the sale of the company to Eldorado Gold for C$2.5 billion, in 2012.

Prior to moving into the corporate world, Steve had a long and successful career in the merchant and investment banking sector. Steve drew upon the leveraged finance skills that he had developed at Kleinwort Benson and Scotiabank to start up a mining project finance business for N M Rothschild & Sons Ltd in 1989. Moving to Denver, CO in 1991, he took Rothschild to a market leading position in the sector and was headhunted in 1996 to replicate this from scratch for Standard Bank London.

At Endeavour Financial as MD of the London operation, Steve sourced, structured and arranged project finance for mining clients, for which he received two Euromoney Project Finance Deal of the Year awards. Notably, Steve was also integral to taking Wheaton River from a US$15 million shell company through a leveraged asset acquisition programme, culminating in the sale to Goldcorp for C$2.4 billion.

At Canaccord Genuity as MD Structured Finance - Steve invented, listed and placed the first ever ever issue of Gold Participating Bonds

As long as they have Steve Sharpe helping out we have a chance.

Between mid January to mid February the net loss of PI share ownership was about 0.1%.

Eloro you have a right to express your frustrations as we all do. I have some golden rules that keep me away from pressures of investing.

1. Never mortgage or use funds from the home you in live and ideally only risk buying shares when most if not all is paid off. (Ideally its 45% of your wealth say is in your home).
2. Always have plenty of cash even at less than 1% return (30%).
3. Equities is 25% in total. It does the hard work to cover inflation if it can. An average rate over the long term will compound 5% return and it allows for a really bad loss year in 10 as everybody has one.
4. Of the 25% never have it all in one stock. So if a seventh is in Pensana and your down 50% your wealth is down 1.7%.

Your not naïve Eloro your frustrated and we all know how you feel.

Point well said on investments Highveld. I think we needed the reminder.

A lot of investors have chased up the company and they know of our concerns and will be planning an update. I am grateful to the CFO taken the time out today to drop me a line on it.

I do chase up Pensana and sometimes I get a line and sometimes I don't. I prodded HZM for nearly a month and then we got a presentation and an RNS sharing the construction timetable over the year the other day. I do this for a lot of the companies I invest in longer term and never do it where I am just trading.

Lets hope for better times in the days and weeks ahead. Recent news events have their own way of seeding anxiety. I had a walk on the south coast seaside on Sunday with beautiful weather and it reminded me of how important having a peaceful day like that was. All the best to the readers out there and take care Tony

Cargeek you may be on the right track as they can not average down much can they.

Theorist

I believe they have 14 years plus supply to the Saltend facility. Are you claiming the JORC data provided by the company model is fraudulent? The modelling target was 56,000 tonnes of NdPr and although they gave a total of 208,000 tonnes of resource, which is 104,000 tonnes on reserve conversion to reserves. So the 14 years is based upon only 25% conversion rate to reserves. Additionally they have COOLA which is likely to add another 7 years of production. The company geologist was therefore conservative on the modelling. They are expected to undertake drilling in the dry season this year if memory serves me well. I can answer all the other issues and we can argue why Pensana have kept moving goal posts as they developed the project but it would bore the pants off of everyone else.

I just wish you were honest about being on the other side of the coin and that you are the person trading the on loan book.

Mumbles and Round the trap. I have written a note to the company Secretary and hopefully I will hear something.

Changing the thread slightly, I heard on Bloomberg this morning from an oil analyst that the smart money is encouraged to go into alternative decarbonising energy sources. Just as everyone jumps on oil stocks, quite a few investors still realise the importance of COP26 and they wanted us to know they have not forgotten the significance and importance of climate protection stocks and investors should be into these as well. Regards Tony

Essentially a covered short is usually stock out on loan. In February the move from 77-72p was an increase in stock out on loan. The rise from 74p-80p arose when the the stock on loan declined. A new position was opened to pull the share down from 84p-76p. The total volume of stock on loan is currently 525,060.

At least one risk factor has not impeded progress. Once we get to June production improves and another risk abates. The average price for gold in January was just under 1820. In March we have some kit arriving for the new mine.

More sanctions.

How it may play out is all the mines get Nationalised and it gets moved to another Russian miner without foreign holders in the West. The staff, Polymetal insiders all get moved to another HQ within Russia with operations excluding the West. I am not sure 38% Kaz helps.

Around 38% EBIDTA see 2021 annual report.