Pensana Share Discussion Threads

[mhssh] 06/2/2023 18:32

I wonder if the Gov. have agreed (at least in principle) to stand behind the £100m assuming, of course, that the New BV jumps through all the hoops that were attached to the original loan.

[mwj1959] 06/2/2023 17:33

But the BV purchaser is a start-up. Has it bitten off more than it can chew?

[mikethebike4] 06/2/2023 14:53

BritishVolt - good news for our sector - battery storage is required for electric motors using our rare earth magnets and it keeps it relatively local

Also being north of Watford the reaction of those needing jobs will be obvious to even the dummos in government 'considering' the Pensana development

[sirmark] 03/2/2023 10:29

Chart looking better first time from a spike we have not continued the down trend so a retest of the recent high and a clos above would be a great signal. (of course finance news is what we all await but in the absence of news we have TA)

[chinasyndrome] 29/1/2023 22:05

For over two years he has regurgitated the REO propaganda supplied by his Yanky mates, and not once come up with anything that sticks. Troll ? more like a little Yap dog that will shortly be running away with his tail between his legs.

[skijapan1] 29/1/2023 00:07

mhssh - Dumppunter has a ulterior motive at play over numinous PRE platforms with no substance to back up his comments , so should just be treated as a troll.

[mhssh] 28/1/2023 13:01

I don't think anyone would argue that this is not a speculative investment, but that does not mean that, by definition, a substantial investor has not done DD. I am sure M&G will have done DD.

[captain james t kirk] 28/1/2023 08:07

mikethebike4
Have you got the heading for that Telegraph article please or the link.
I've been searching for it all week.

[dumbpunter] 28/1/2023 07:48

No professional who performed DD on this firm would invest. This is a purely speculative punt with zero chance of success or funding.
More red flags than a Chinese communists parade.

[mwj1959] 27/1/2023 15:35

I'm sorry, but to say that M&G did not do their due diligence in both their funding rounds (£10m in Dec 21 and $4m in Dec 22) is ludicrous. They would not have invested without some detailed conversations with management and their own analysis of the company and its underlying fundamentals. I would have expected their DD to be even more extensive prior to the current funding round, given the clear challenges PRE seems to be facing around getting financing (or at least financing at the right price). Of course whether the conclusions of their DD (i.e. to invest) were correct, only time will tell. Investing in start-up projects requiring material amounts of capital is a tricky business.

[mhssh] 27/1/2023 14:25

You could be right, Murphy's Law at work for PRE shareholders. Did not know M&G had done no DD on their original investment, if that is the case, sounds pretty shoddy.

[dumbpunter] 27/1/2023 12:44

>>implying that M&G (and the ASWF) have not done their Due Diligence properl

M&G did not do DD with their original investment. Maybe they have now, hence the failure to fund.

[mwj1959] 27/1/2023 12:26

He probably would say that having failed to deliver! Not sure there is a read across to PRE. More relevant for ALK.

[mhssh] 27/1/2023 10:23

Heading from Bloomberg:

Britishvolt’s Founder Says UK Battery Sector ( read "UK Magnet Sector")is ‘Doomed’ Unless Government Steps Up. Hmmm.

[skijapan1] 27/1/2023 07:32

They are Dumppunter and all will be revealed soon for your realization.

[dumbpunter] 26/1/2023 12:34

Tell that to financers performing DD.

[skijapan1] 26/1/2023 11:57

Dumppunter, Not only that you are a serial pest on this thread , you are absolutely clueless and lacking of any intelligence and you have no idea what you are talking about, The FEED coupled with a Ore report is the finale economics for funding.

[dumbpunter] 26/1/2023 07:51

>>FEEDs for both Saltend and Longonjo have both been completed.
Not used for financing.
They abandonded the BFS, which says a lot.

[mwj1959] 24/1/2023 10:02

The FEEDs for both Saltend and Longonjo have both been completed.

[dumbpunter] 24/1/2023 07:11

What's the average price over the previous 10 trading days?

[dumbpunter] 23/1/2023 20:18

How on earth do you think they will get funding without a feasibility study. Its impossible.

[mwj1959] 23/1/2023 16:34

Sirmark...it remains option money in my opinion until all the financing is in place. I describe it as such because I've invested enough to make a meaningful return if it works, but won't lose any sleep if it doesn't. I'm just trying to take a balanced view of the risks and rewards, which you always need to do with these sort of projects.

[sirmark] 23/1/2023 15:46

MWJ another positive post...jeez "just option money" ... how many times have you posted that. zzzzzz

Anyway for me I see this moving very strongly in the coming months, and have positioned my position accordingly.


GL all