Member Info for Tornadotony

I had assumed that the USA election result had to play in first. If Biden wins tomorrow and carries the Senate, than HZM has a promising future. Essentially this share was in part a bet on a Biden win.

It would be great if we heard politicians saying they are looking at the Iranian peace proposals and await constructive views and comments that emerge from it. Instead we get some really imbecile comments like its not just the Armenia army leaving Karabakh, but every single Armenian. In other words they over play the other sides position rather than give a proper response. Its important for Azerbaijan to step back and not fall into that kind of argument and focus on the Iranian peace proposals. They could say to the Armenians in Karabakh is what do they want after the Armenian army has left and a discussion takes place on what values and principles they seek protection. That kind of dialogue makes Azerbaijan appear like liberators.

I sense some of our shareholders are experiencing frustration and perhaps a little bit of depression. The reason being they have intelligence in their minds and compassion in their hearts. The reality of another lockdown is extremely hard for a lot of people we may know. When asked ourselves we might respond to a neighbour or friend and say I am hanging in there as when the going gets tough, the tough keep going is how many of us might have been brought up to be. We often get through it with finding humour and grabbing anything that lightens any stress that we may face as comrades against what is for the most part an invisible enemy. In fact its something that makes us very British. Stay well everybody and remember your not alone in all of this and we will definitely win in the end.

Wlaw1

I tick the recommend because I want to believe in the project. Please appreciate I am getting confused on what is happening and to read my scribing with that in mind. There is nothing underhand in what I am writing, but I am really am trying to get a grip of the story unfolding here.

The problem was that the RNS was written in a concise way and maybe it needed just a few extra sentences in a few places as its genuinely open to different interpretations. For example the new development strategy. They could have restricted that to carbonate MREC work, as the evidence to support it is probably overwhelming in the advantages it offers and we can see that as tons of materials drops in weight and processing costs to end users in where it is used in the upper supply chain. Instead we do not know if they are throwing in the whole kitchen sink with all the exploratory work as well with Coola and UK design project and everything is combined as one development plan all in one go. Its great to have all these plans and opportunities, but I do feel focus, like achieving a big mine construction was a risk that we all signed up to when buying shares and suddenly its possibly getting diluted with many other objectives all linked in with it. As the story changes, so do the start up costs and all the other factors on project risks that increase along with the ambitions of the newer plan. Some of us want to see if this company can deliver a new Angola mine on time and to the anticipated delivery costs. The exploratory work in the UK is good idea, but the emphasis is that its exploratory and really not a part of the on-going BFS that builds the actual mine and concentrated resource product.

If another investment is needed to help build magnets for UK windfarms, I would prefer it was operating as a subsidiary company and the downstream work which is so massively different in skill sets and risks was not linked to the financial success of what is done in Angola. So if Pensana want to create a spin out company in UK to do all that kind of work and it does not affect the Angola side of the business and its profitability that would be fine by me. If I wanted to buy shares on the spin out I could if I wanted to. Pensana might have shares in the created spin out company as well if they wanted that risk. In essence, what I am concerned about is that the project is expanding way beyond what I thought I was putting funds into and I do feel the difference between exploratory design work like in the UK needs to be separated at some point from new development strategies applicable to what is being done in Angola.

British Mike I will pass on your question. Its an important one!

Going back to the RNS it says the BFS needs the Carbonate MREC study so I assume this depends if it will be done by 16th November. Earlier in the RNS it talks about the UK project being delivered by Wood Group. It is totally unclear if all this work has to be done in tandem with building the mine and whether both have to be funded as one single project. In essence the RNS is unclear. Additionally it refers to 16th November as just an update which again implies that all the workstreams are now one super project. Of course this may not be what they intended and that it is completely a different fund raise and a much later follow on effort.

Scaramonga88

The confusion is that feasibility study is now being placed into or part of the bank feasibility study or maybe its not at all. This kicks the can down the road for quite a few months if it does. Why is it referred as just getting an update on 16th November for the BFS as it clearly won't be done. The idea that UK Government will progress any developments on grants in the middle of a second wave Covid pandemic is not realistic. Its a separate long term project and it takes years to resolve with local and central government.

Currently on-going for last hour. There is a small chance the war ends today.

I have asked them to do a presentation of some kind with a few people who can ask them some key questions and we can listen to it. I do feel the project has become more complex and some investors may feel its a lot more than building the mine which they could analyse and understand the investment risk being taken, the debt being taken on and how much extra cash may have been needed to get there. I do feel some investors need to get a better feel of the risks they are taken for example is the level of debt far higher, the number of years before pay back a lot longer the timelines to get to original targets are they being delayed and will our stake be heavily diluted by placings. The part 1 BFS really needs to be adequate otherwise a lot of investor confidence could be lost. I wish the company did not say BFS end of October when they probably knew the story was changing. Its important not to over promise and being clear on the deliverables as it builds trust and maintains investor confidence.

I am sure somebody may be able to help us on that front. I still feel with the delayed BFS it should remain near the close we had yesterday. I will be interested in Chinasyndrome's take on it.

Joe

It is quite a complex chemical engineering project on the processing side. With the latest ideas in processing they have I can see why the BFS is delayed a couple of weeks. I am not concerned with the delay as better ideas have emerged. The BFS as said in the report is looking favourable. I believe patience will have its reward.

Tony

I just noted you were expecting a company email. Again thanks for sharing.

Joe was that a company message they gave pre Aussie market open or that you got from the company by asking? Thanks for the heads up. I suspect we may get precious few RNS releases this side of a USA election.

Fair points pmjh. It is still hard work on home ground.

It should be no surprise to any of us that the NHS and the UK government may overlook Synairgen and its innovative therapeutic solution for Covid-19. How many of us have been frustrated in our careers of being ignored by the high and mighty where we worked and only received the acknowledgement after some at the top left and realised how we were appreciated and valued by other audiences where they moved to. The future of Synairgen is most likely to be in USA where the Brits in some areas like the Midwest are regarded as a rarity that may capture interest as the locals have also become bored of their own emperors through familiarity. It may be our ambition to help our fellow citizens, but in the end it will be how much impact in preventing lives lost globally that is the real reward. We have trials to take place in 20 countries and that is a mighty promising impact outcome to behold.

After overcoming my frustration of late, I sense having the Biden Trump election over and assuming it was decisive and the position of the Senate races known, that it would remove a lot of uncertainty. Stimulus timescales would be known in those circumstances. It would lend us getting a good value response than if it came before those unknowns.

I am now hoping we do not hear the news until then as patience may offer better rewards.

It will be interesting to see what comes out of the Russia Iran diplomatic meeting. I suspect Azerbaijan could do a deal ich involves compromises on their part on powers held in Nargono Karabakh . Its a case of whether Armenia wants a real peace and a real framework which gives international agreed support for being maintained. The real hero in the Kennedy missile Cuba crisis was not USA it was the Russians. Sometimes you let someone feel they won something and then they are respected by their people but in reality the other party got what they wanted. (Six months later after the Cuba crisis USA withdrew missiles it had based in Turkey and pointed at the Russians. A case of honouring the deal).

I did not mention 121 dates imply a push back in the programme, I mention sites like this had the impression the project was delayed. His response was that the project was going to plan and he referred it was to previous RNS guidelines.

He said everything was proceeding in line with previous RNS which include working on the financing of the project. He also said yesterday that all miners were experiencing volatility regarding their stock price. I was only on the telephone a few minutes.

There is nothing to worry about.

Yes I just got off the telephone thanks to the person who gave their website and number here and I telephoned and spoke to him.