Pensana Share Discussion Threads

[yumyum] 23/11/2020 09:52

Chinasyndrome, are MP producing or not ?

[yumyum] 23/11/2020 09:44

I belive they will raise money for mine/processing/exploration...AND for the refinery as well in order to have a controlling ownership in that.

MP's customer Shenghe had a plant breakdown in August due to flooding but now trying to catch up.

China has enacted a new law, to take effect Dec 1st, that restricts the export of certain sensitive materials. Not yet clear if REE but I suppose that is open depending on US etc trade/political positions.

[swanvesta] 23/11/2020 09:39

£22m looks reasonable though. But to almost double it to £42m would require the kinds of doubt about management guidance which would preclude an investment (IMO.)

[swanvesta] 23/11/2020 09:33

Well done, Yumyum. So I take it you don't believe the £100m capex requirement and/or you don't believe they'll get the suggested 85% debt funding?

[chinasyndrome] 23/11/2020 09:29

Yumyum, You are definitely a TROLL, I gave you the benefit of the doubt but you just keep on making snide insinuations abut the Company, Go and annoy others.

[yumyum] 23/11/2020 09:26

the above as worst case. Best case £22m.

[yumyum] 23/11/2020 09:10

£42m.

[swanvesta] 23/11/2020 08:49

Why don't you 'wonder' at an actual number rather than just post negative innuendo? Everyone knows there needs to be an equity element to the capex raise.

[yumyum] 23/11/2020 08:22

Another broker added to the roster. I wonder how much money they will want to raise in the next weeks/few months.

[yumyum] 22/11/2020 23:47

Just to be clear, I am not supporting MP, hold/held no shares and make no recommendations.

[yumyum] 22/11/2020 23:27

So they are producing? Or not?

[herlat1] 22/11/2020 09:15

The customer is MP's major Chinese shareholder and pays them very little for the product!

[yumyum] 20/11/2020 13:30

...customer that buys what they do produce at the moment herlat1 ?

;-)

[herlat1] 20/11/2020 12:57

From industry commentator on Twitter today: MP has one single customer who is also major shareholder, owned by a state that isn't exactly friendly towards the USA. It will be a thorny road ahead.

[yumyum] 20/11/2020 08:34

Chinasyndrome, I meant the production of concentrate for export to China for processing. I must say you do make me now doubt if they are producing anything at all.

[chinasyndrome] 20/11/2020 07:03

Yumyum, MP in production !!! just this July they said:

"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."

A pilot plant in the Lab is not Production.

[yumyum] 19/11/2020 23:34

herlat1, MP and Lynas - I think my main point was that they were already producing and were basically fully funded. I have no idea about valuation. Pensana are not producing anything, although Chinasyndrome seems to know better than the company itself and thinks production can come in 2021.

[herlat1] 19/11/2020 15:05

YUMYUM that is understandable no one likes being called a liar.You have however been pretty outspoken about MP (and Lynas) in the past and surprisingly you offer not the slightest question over MP but by contrast remain fairly relentless in your concerns over PRE.So my question to you is what is you view of the current market capitalisation of MP which is now fast approaching $2 billion when -as you point out - its ore reserves (by SRK) are

[yumyum] 19/11/2020 14:44

herlat1, my point is that I do not like being called a liar.

I look forward to Pensana being worth more than MP. I do not hold shares in MP and never did. MP have probable reserves of 1.47 million short tons of REO (as I stated earlier - the estimate is from SGS).

[herlat1] 19/11/2020 14:27

YumYum perhaps you can start with a quote on the the ore reserves for your favourite mine in California?

3 years mine life for the US$1.5 billion SPAC NYSE MP Materials?

[yumyum] 19/11/2020 11:35

''You are so full of misquotes, untruths and lacking fact..''

Please quote me then Chinasyndrome.

Word for word please, no tricks. Give me just two to start with ?

[chinasyndrome] 19/11/2020 10:55

Petralva/Yumyum, you can not possibly know what the plans are for a Processing plant, the process is currently "Propriety" so you DON'T KNOW how long it will take to build. Our Chairman has been out a couple of times but not to any great extent ~ PFS was about a month late when ASX staff were on a junket in Canada, BFS is delayed because its scope is now about twice as large.

How about MP, they initially said they would be producing now, then it was next year and in July they said 2020. You can fling mud but be careful where it sticks

Greenland were going to be in production last year ~ they have been working on it since 2009 and yet they still don't have an EIS yet alone Mining Licence !

[yumyum] 19/11/2020 00:20

agreed petralva. However, stockpiling does not work in a BFS (at all. Not one single bit).

It is an option though I agree....once there is funding.

[petralva] 19/11/2020 00:17

If pre decide to go down the processing route in the uk,it wont be up and running by end of next year.
Perhaps stockpiling?

[yumyum] 19/11/2020 00:10

''Longonjo will be producing by the end of 2021 not 2022 at the very latest the start of 2022.''

Noted, Chinasyndrome.....I really doubt that.

You other guys agree ? !!!