Pensana Share Discussion Threads

[hazl] 20/7/2020 12:35

Sure China.

[hazl] 20/7/2020 12:35

STopps you have to look for whatever is on trend and get when it's low.
Pharma is tricky because its all or nothing.

I hope that we will see rises here too, but it might be more slow and steady!

I hope so.

[chinasyndrome] 20/7/2020 12:12

Gentlemen, congratulations but could you please keep this thread on Topic ?

[excellance] 20/7/2020 11:45

great news at SNG mind...a game changer even...i hope they have their IP protected.

[stopps] 20/7/2020 10:55

Hazl what attracted you into SNG? Good spot and sorry-off topic.

[hazl] 20/7/2020 10:47

Overshadowed by SNG but not for long.

[hazl] 20/7/2020 09:09

What a lot of boxes ticked in the statement above.
Not just the agreement being well supported but the demand side.
The things of an environmental nature are bang on trend.

[hazl] 20/7/2020 09:05

Paul Atherley commented:

"We are delighted to enter into this heads of agreement with CGWIC. With Angolan Presidential approval and backing from the Angola sovereign wealth fund, Pensana is rapidly developing Longonjo as the first major rare earths mine to be brought online in over a decade to help meet the rapidly growing demand for the magnet metals critical for electric vehicles and offshore wind turbines and a range of other applications important for the transition towards a green economy.

CGWIC brings to the project a successful track record in major project development in Angola and funding from China. We are very much looking forward to working harmoniously with CGWIC and achieving important outcomes for Angola, CGWIC and Pensana's shareholders ."

[hazl] 20/7/2020 09:01

Well we could go on the other thread but there is a lot of research here .
It doesn't notice that much.

[hazl] 20/7/2020 08:59

This is just the start of the climb in my opinion.

[excellance] 20/7/2020 08:41

Just realised I spelt the name of the company wrong...

Ffs

[hazl] 20/7/2020 08:26

The beginning of success,with such a big firm involved.

[hazl] 20/7/2020 08:25

Very pleased here.

Got a bit waylaid with the excitement over at SNG!

[hazl] 20/7/2020 07:21

China Great Wall Corporation CGWC.... I'm not surprised of their interest.
Railway line very near,leading to port,everything is in its place.

[hazl] 20/7/2020 07:05

Pensana Rare Earths Share News (PRE)

2
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Share Name Share Symbol Market Type Share ISIN Share Description
Pensana Rare Earths Plc LSE:PRE London Ordinary Share GB00BKM0ZJ18 ORD �0.001
Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
0.00 0.0% 21.50 21.00 22.00 0.00 0.00 0.00 0.00 01:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Alternative Energy - - - - 40
Print
Alert
Pensana Rare Earths PLC EPCF Heads of Agreement for Longonjo Project
20/07/2020 7:00am
UK Regulatory (RNS & others)

Pensana Rare Earths (LSE:PRE)
Intraday Stock Chart


Monday 20 July 2020
Click Here for more Pensana Rare Earths Charts.

TIDMPRE

RNS Number : 4164T

Pensana Rare Earths PLC

20 July 2020

20 July 2020

Pensana Rare Earths Plc

EPCF Heads of Agreement for Longonjo Project

Pensana Rare Earths Plc (LSE:PRE ; ASX:PM8) (the " Company " ) is pleased to announce that it has entered into a heads of agreement with China Great Wall Industry Corporation ( " CGWIC " ) for the purposes of co-operating together for the Company ' s rare earths Longonjo Project in Angola.

CGWIC is a company with expertise and experience in international engineering which is actively engaged in a range of engineering projects in Africa.

The Company intends to proceed with an engineering, procurement, construction and financing ( " EPCF " ) model for the development of its Longonjo Project to ensure that the design and construction of the processing plant and associated infrastructure is funded through a single arrangement.

The heads of agreement establishes the framework for the Company and CGWIC to work together to negotiate and engage in discussions for CGWIC to be engaged as the contractor for the purposes of the engineering, procurement and construction works for the Longonjo Project and for the Company to procure financing for these project works.

The heads of agreement contemplates that the Company will seek the proposed debt financing component of the EPCF to be obtained from commercial banks in China with credit insurance from SINOSURE. The Company will seek to obtain such finance on the following indicative terms:

-- debt funding to cover no more than 85% of project development costs (Company to be responsible for funding the remainder); and

-- the term of the facility will depend on the particular terms from commercial banks and the life cycle of the project, but is not expected to exceed 8-10 years.

Pensana Chairman Paul Atherley commented:

"We are delighted to enter into this heads of agreement with CGWIC. With Angolan Presidential approval and backing from the Angola sovereign wealth fund, Pensana is rapidly developing Longonjo as the first major rare earths mine to be brought online in over a decade to help meet the rapidly growing demand for the magnet metals critical for electric vehicles and offshore wind turbines and a range of other applications important for the transition towards a green economy.

CGWIC brings to the project a successful track record in major project development in Angola and funding from China. We are very much looking forward to working harmoniously with CGWIC and achieving important outcomes for Angola, CGWIC and Pensan

[hazl] 20/7/2020 06:54

Excellent news!
Good to see it before our market wakes up!

[chinasyndrome] 20/7/2020 00:48

This Announcement secures the future for Pensana, All box's can now be ticked: Resource, Logistics, Funding, Engineering and Construction. One has to assume that CGW are the company that was doing "Due Diligence" last month, they obviously like what they saw, have crunched the numbers and have probably completed the initial design, full steam ahead.

Immaculate timing yet again, Congratulations to Senior Management for recognizing the potential of Longonjo two years ago and managing to develop this Project on the Fast Track, keep up this pace and it will certainly be the First new major Rare Earth mine for the 21st Century.

[goodgrief] 19/7/2020 23:42

RNS tomorrow...Pensana has entered into a Heads of Agreement with major Chinese SOE China Great Wall Industry Corporation (CGWIC) for the financing, engineering, procurement and construction works for the Longonjo project.

[hazl] 17/7/2020 10:33

Ah they're bringing out the late trades by the looks of it.

[hazl] 17/7/2020 09:44

Which of course we don't.

[hazl] 17/7/2020 09:24

Does RBW have the expense of processing,too?

[hazl] 17/7/2020 09:23

Good posts thanks.

[chinasyndrome] 17/7/2020 00:17

Hi Goodgrief, - Yes Rainbow's grades are Far higher, only because the are literally hand picking their ore. However as their orebody consists of narrow seams (veins) they have a massive strip ratio and their production is measured in 100's of tonnes rather than 10'000's of tonnes. It is a bit like comparing a Cornish tin mine to Broken Hill !

[oapknob1] 16/7/2020 15:56

Hi Hazl - 12,500 trade @ 32 on first day I believe was the high. The spread was 25 % ish which has closed from 19 - 30 to earlier days of 19 - 22.

Nice to see it rising. I look forward to steady gains. Good luck.

[hazl] 16/7/2020 14:42

No idea....I was just going on what Paul Atherley, Chairman, said about PRE.