Pensana Share Discussion Threads

[1jbrisky] 08/10/2020 18:00

76p paid at close. News tonight/tomorrow?

[diversification] 08/10/2020 17:23

Lynus Corp is worth £1.35b and is on an upwards trajectory producing 5.5k tonne a month.

MP minerals £1.2b and again will be a US listed barometer to capture additional market value, producing 6k a month.

The BFS should emphasize a high grade carbonate and significant EBITA. Looking likely to being at the lower end of the cost curve. With additional exploration upside on the Coola block.

With the CEO suggesting a £400/800m market cap to relate to its peers (peers value has increased 20% since the interview).

So it’s not unrealistic to see a share price of £4/5 a share and that doesn’t allow for expansion of capacity or commodity prices.

[cyberbub] 08/10/2020 16:51

Depending how things go during financing and development, I wouldn't be surprised to see this at 300-400p in the fullness of time - maybe more. Obviously just my opinion, and there's plenty of risk still involved... Am happy to hold at 70p anyway. Just wish I had spotted it on the ASX at 10p... Looked at it briefly after launch on AIM at 20p but was busy elsewhere so didn't buy...ah well, 40p it was!! LOL As Buffett says "No share is too high to buy... Or too low to go."GLA

[diversification] 08/10/2020 16:45

Thing is cyber, it’s impossible to buy in numbers and for a majority of the afternoon it’s been NT and L2 hasn’t represented the true share price for much of the day. They stick on the Ask and have no stock.

[cyberbub] 08/10/2020 16:39

Someone has been fleeced or has a fat finger IMO. Still not complaining!!

[diversification] 08/10/2020 16:30

WOW, 76p paid

[robbiekeane] 08/10/2020 15:51

Thanks diversification

[diversification] 08/10/2020 14:58

The market makers just have no stock. It’s impossible to buy quantity.

It went from 40 to 70 in anticipation of resource update. I think it could go towards 100p in anticipation of this BFS.

[diversification] 08/10/2020 14:51

Yumyum, they weren’t entirely clear. I don’t think it will be the final BFS, just a comprehensive update on the BFS as per the RNS.

Plenty enough content to get stuck into and arrange finances imo, even if only preliminary.

Very strong management team here that’s for sure.

[yumyum] 08/10/2020 14:48

Thank you diversification. I stand corrected. I had thought Pensana no longer would produce the actual BFS this month, just produce a report on the latest with regards to the BFS. Probably should not have sold !

[diversification] 08/10/2020 14:03

Maybe an update on the ‘Coola Exploration block’ is incoming! No slow drift with this today.

[diversification] 08/10/2020 13:00

I had contact from IR, asking about a possible delay to the BFS, they referred me back to the detailed BFS as per the RNS!

I like this company a lot!

‘ A comprehensive update on the Bankable Feasibility Study will be reported towards the end of the month.’

[robbiekeane] 08/10/2020 12:40

Have they actually stated that the BFS will be later than end-October?

[yumyum] 07/10/2020 10:30

Chinasyndrome, you may be right in what you say but it is a bit early to call Pensana a supplier. They have had to adapt their process route and are still working that out.

I expect the price to continue its gentle drift down whilst waiting for news on delayed BFS progress.

[chinasyndrome] 07/10/2020 04:57

The writing is on the Wall for all to see:

Europe plans to become the Powerhouse of the Green Revolution and Rare Earths are Critical to the plan ! Boris has the bit between his teeth and love him or hate him he does seem to get his way. Europe like America has now realized that the only way to free themselves from China's domination by it's Rare Earth monopoly and to ensure that the Magnets used in the North Sea wind farm are ESG compliant, will necessitate the development of its own supply and processing chain.

Prediction: The UK will very shortly announce it is going to encourage finance / subsidize the construction of a Rare Earth Refinery, to be followed quickly by the construction of a REO Sintering plant so that it can produce it's own Magnets for the North Sea wind generators, and other RE dependent Industries.

Which puts Pensana in the Box seat, as it is the only major ESG compliant and Independently neutral supplier (at least for 2-3 years) of MREC.

[yumyum] 06/10/2020 15:54

Hi Chinasyndrome. I do not have shares in Frontier Acquisition Corp. I will continue to follow the story.

[diversification] 06/10/2020 08:11

Page 21 showed a list of news flow over a period of 6 months and to date all the releases have been in the same order as the presentation.

If this continues true to form then between now and the end of the month, you can see why I think we can expect an update on marketing arrangements and the Coola exploration block.

Could be a very busy and pivotal month.

[chinasyndrome] 05/10/2020 23:41

Hi Yumyum, I hope you also sold your MP interest; if you think a slight delay in Pensana's BFS is justification to bail out, then the diabolical state of Mountain Pass should be an even bigger incentive to cut and run.

You mentioned earlier that MP has calculated an EBITDA, What is that based on ? Certainly not on their current measured Ore reserves ! By their own admission MP now has less than six months of 'Proven' Reserves so I doubt that they will be getting back into a positive cash flow for quite some time.

Assuming that there is in fact some Ore left at MP, it is going to take at least six to twelve months to drill it out and process the results to upgrade sufficient of the 2010 'Probable' Ore to a current JORC or NI 43 'Measured' category. As I have said in previous posts I think they have bought a 'hole in the ground' and have little intention of actually mining it !

I don't think I have yet seen an announcement from MP that they have engaged / commenced drilling ? nor have they nominated a reputable and independent Assessor to 'Certify' the results ?

At the end of the day, Mountain Pass was and probably still is a :- La, Ce deposit (83% ?.) A good money earner back in the 60-70's but rapidly becoming a worthless By-product ! Donald wanted a RE mine at any cost so Fortress obliged him and took the money, knowing he will never be able to admit he has made a mistake :)

[diversification] 05/10/2020 20:35

Trades still printing, nice £85k bought at 66p with three minutes to go.

[diversification] 05/10/2020 18:01

73p in Frankfurt

[diversification] 05/10/2020 17:34

Has their been much discussion around the first results from the Coola Exploration block?

With ten targets including gold, copper and technology metals on this block. News on this and the marketing arrangements for its current core project were scheduled for before the BFS (Shares investor evening).

I am just kicking myself for not getting involved earlier!

[cyberbub] 05/10/2020 17:31

Some large delayed trades...

[diversification] 05/10/2020 16:07

No, I have asked for the company to clarify this.

[yumyum] 05/10/2020 16:06

Dull. You are welcome. I suggest January 2021.