Pensana Share Discussion Threads

[herlat1] 18/11/2020 09:55

Goid point YUMYUM. Could be anything at this rate!

[yumyum] 18/11/2020 09:41

Current price is not much use to us as we do not produce any and the BFS is quite severely delayed which implies delayed start-up. What is the price in 2024 ?

[herlat1] 18/11/2020 06:29

Thanks ChinaS Nd price broke through $60,000 today in Shanghai.

[chinasyndrome] 17/11/2020 07:52

How many realize that today's Shanghai Nd price of US$59k/t is now well above Roskill's Base rate that was used in last years PFS; and which generated a Pre-tax IRR of 101% and an EBITDA of US$1.3 Billion,

The New York price is heading to close* this year ABOVE Roskill's High case ! which gave an PT IRR 129% and EBITDA of US$2Billion ~ and we still only have 200M share issued :)

*(it is already US$77k/t) with 30 trading days to go

[scaramonga88] 16/11/2020 11:29

Really positive update with a couple of key nuggets (patent for resin process, Q1 construction start, 130m confirmed cc, healthy balance). Was also reassuring to see robust strategic planning for the project lifecycle and appointment of key suppliers.Intended lack of detail on the process route a little disappointing but understandable and enough in there to keep shareholders happy in the interim, with January now crucial. 2021 shaping up to be a very exciting year for the company and shareholders!

[chinasyndrome] 16/11/2020 09:49

True, but there was plenty of upside to be recovered from the Coola and her Ladyship's announcements.

This update really has significant upside for the UK. The Propriety Resin process will be a total game changer, as was the introduction of Cyanide with the McArthur-Forrest process in 1783 to the Gold mining Industry.

Note there is little change to the original PFS CAPEX, implying that the Resin process is implemented very early on in the flow sheet, thus possibly negating the need to proceed to costly MREC !

[cyberbub] 16/11/2020 08:02

The main thing for me is that they have plenty of cash, so no need for a placing anytime soon, or not a 'running costs' placing anyway.

[cyberbub] 16/11/2020 07:59

China to be fair AIM had already outrun ASX last Friday, and the ASX hadn't yet caught up before the system went down. Let's see what happens today anyway.

[chinasyndrome] 16/11/2020 04:23

Well the ASX started to respond very well to the BFS Update, and PM8 were up almost 10% within the first hour of trading :)

THEN, the whole ASX crashed ie Went Off-Line, close of play for the day, Brokers get a very long lunch so will probably hung over tomorrow morning :) :)

Some very interesting comments in the Update. Best of all, a Revolutionary new Process that if employed at the mine will greatly enhance processing in the UK, Kitty has plenty of cash to keep Longonjo going till after BFS, CAPEX is still around PFS levels $130M.

A good opportunity for London to put some solid runs on the board to make the Ozzies play catch-up

[cyberbub] 15/11/2020 23:54

hTTps://hotcopper.com.au/threads/ann-update-on-bfs-and-the-establishment-of-a-sustainable-magnet.5756597/(Download document)A good update IMO to keep the market happy that things are going to plan with no nasty surprises. Still a very modest $130M needed for capex. Full BFS in only 8-10 weeks...SP has jumped on open on the ASX... Remains to be seen if short-termers will hammer it back down as usual whenever there is good news released...

[yumyum] 15/11/2020 22:40

As expected, BFS not until January next year at the earliest. Process route/s still unclear. Maybe a new and better one. Patent applied for. Refinery could come at same time as mine and processing plant. Services groundworks will not start before the BFS. Very bullish talk of magnet metals demand.... and prices already risen strongly this year, despite covid.

Positive....but no BFS yet.

[cyberbub] 15/11/2020 11:33

Remember the outstanding strip ratio, nearby power and rail lines etc

[robbiekeane] 15/11/2020 10:47

There will be an update tomorrow. Hopefully a very good one.

[mt262626] 15/11/2020 09:39

Hopefully an update on BFS tomorrow...

[cyberbub] 14/11/2020 13:06

If you sold at 65p and bought back at 69p then you made a loss... Which is fine, all traders make gains and losses... But it proves what your intentions were in your subtle deramping the last few weeks.. At least you must be convinced that the share price is now heading higher, if you bought back higher than you sold... Actions speak louder than words as they say...

[yumyum] 14/11/2020 11:14

Hahahahahaha......so generous. To what extent is it not quite what I originally stated ? I said ''I now hold around 61,000 shares.'' and ''I bought 50,000 shares plus 11,501 shares yesterday herlat1.''

[chinasyndrome] 14/11/2020 10:00

Not quite what you originally stated, but I will give you the benefit of the doubt for now and I will stop questioning your motives as long as you cease implying there are unfounded problems with Pensana's business model.

[yumyum] 14/11/2020 09:29

You are both wrong, so please stop that. Two different trades and two different acounts.

Bought 50000 PENSANA RARE EARTHS PLC ORD GBP0.001 @ 0.693 12th NOV 20 16th NOV 20 50,000 -35,112.50

16/11/2020 12/11/2020 PRE BKV4DS9 11501 PENA RARE .69 S Date 16/11/20 NQRJRR £8,044.72

I am cautiously optimistic on Pensana. I do not at all like the flip-flopping though (as referenced upthread). Hopefully that has now stopped.

[chinasyndrome] 14/11/2020 03:14

Hi Yumyum, Glad to hear you buying in, although I suspect herlat1 is right because only 44,000 PRE shares were traded below 70p yesterday and except for the big buy at 72 all other trades were above 75p.

If you have really onboard you might like to confirm your strong support/belief in Pensana. Just so people don't think you are pulling a Donald (ie not condemning fascists).

Anyway if you did, you made the right choice, waiting for MP to produce the goods may take some time: From a July 2020 Press release -

MP had planned to process 5,000 tonnes per year of the two most common rare earth metals by the end of 2020, though the goal is now by 2022, the company said on Wednesday.

MP is by far the most advanced player in the U.S. rare earths industry, given no rival project has even broken ground. But the company has to ship more than 50,000 tonnes of concentrated rare earths per year to China for final processing because its California equipment is not operational. Chinese customers account for all of MP’s $100 million in annual revenue.

[yumyum] 13/11/2020 17:16

or 3 years....or whenever !

[yumyum] 13/11/2020 17:15

etf2, I am waiting for the actual BFS and mostly I am thinking of buying more. I have no exit point idea. I suppose £1.40 is my initial target...but not really an exit point. Maybe I hold for 4 years and see production.

[etf2] 13/11/2020 16:45

Yumyum, good for you. Do you have an exit point in mind?

[yumyum] 13/11/2020 16:38

herlat1, did I raise concerns again about an imminent capital raise ? Er...no.

I now hold around 61,000 shares....all bought yesterday. That is about the same as I originally bought a few months ago at around 33p and sold a few weeks ago at 65p. These latest ones cost me just under 70p.

[yumyum] 13/11/2020 15:18

I bought 50,000 shares plus 11,501 shares yesterday herlat1.

[herlat1] 13/11/2020 15:03

Good try YUM YUM! Pretending to have bought stock and now raising concerns again about an imminent capital raise and further delays. Maybe you are right time will tell however it must be frustrating for you watching PRE's share price appreciation whilst your favourite stocks languish?