Pensana Share Discussion Threads

[dumbpunter] 09/9/2021 07:07

The refuse to produce a feasibility study indicates the project is unfeasible.
Nobody will buy bonds of a company who refuses to provide evidence that the project is viable.
Ditto for the ATF, They will view Saltend as a speculative punt for government money from s assetless company with no relevant experience, no customers for the end product and no prospect of success.

[wiseacre] 02/9/2021 21:32

What's your game Hamilton? If you are not short (and it is perfectly possible to short the stock by means of a multiple of spread betters contrary to what you say) why are you spending so much time and effort spreading false rumours and knocking the company? My own view is that Pensana will have the funds in place by the end of the fourth quarter without resort to tapping existing shareholders and the stock will be £5 a share by the end of next year. For current short term operators volumes are small and driven entirely by a thin retail market. Once we have some institutional interest, which could happen by the end of next month, the game will change and you will look very silly.

[hamiltonengineering] 02/9/2021 18:07

Toby slow
I stand by my claim this project is impossible to finance.There is no bond issue in place. This is not ABG’s market. You cannot compare a wind farm in the North Sea with a hole in the ground in Angola. The Nordic appetite for Angolan risk I would expect to be non existent.
I stand by my claim that Pensana will not be benefitting from the ATF.
£15m is not a capital raising, sure someone gave them some pocket money at a price 45% off the peak, if that excites you fair enough.
There are no off take agreements in place. I said in an earlier post that these would be essential for any financing, go read the replies, you all laughed at the suggestion.
A site hut at Saltend, no meaningful construction started or planned.

I think this will end in tears, you have more confidence in the company, frankly I struggle to believe anything they say, too much form sadly,

[mustard6] 02/9/2021 13:54

Tobyslow - excellent post, I don't think anyone could have put it better than you have done there.

[mustard6] 02/9/2021 13:52

hxxp://tiny.cc/6li1tz Pensana Telegram Group

[chinasyndrome] 02/9/2021 12:24

Very well put Toby,

Just one point, I don't think he is going away anytime soon, he just does not like to pay Fair Value for his shares. In reality he is just a 'Tight Ass' that makes up lies in his attempt to cheat other LTI's out of their holdings.

[tobyslow] 02/9/2021 12:06

Hello Hamilton Remember when you said it was absolutely impossible to finance this project and nobody in the world would touch it. Wrong - $250m initial bond progressing with ABGSC represents over 60% of required capital. Fyi this "tiny" nordic outfit raised over £12billion of debt/equity for its clients last FY. If you think they will have trouble raising a measly £180m you are deluded as the nordic market is mad for renewables.Remember when you said you had inside information the ATF had rejected Pensana's application. Wrong - passed through ATF process now in final stages.Remember when you said they would run out of cash and it was impossible for Pensana to do a capital raise on a 30 day moving average. Wrong - raised £15m at £1.20 with PA taking £600k personally. Remember when you said there was no market for the product? Wrong - off-take agreements in progress.In addition 25 year lease signed with PX group for Saltend, and equipment procured and construction started at both locations. I don't agree with your view that you are providing a balanced debate, which I would actually welcome. Unfortunately for you, everything is falling into place. Regardless of the share price short term (which I expect to recover in the next month or so) value will out itself here and you will no doubt disappear and move on to your next target.

[chinasyndrome] 02/9/2021 11:50

Hamilton / Cliff, You know perfectly well that you don't need to borrow shares to short them, especially if you have access to a clients portfolio CB, or are now working for a Investment Bank that has a reputation for making "Millions" out of predatory investment. ~

But you are right, I strongly disagree with your FUD tactics which spread unsubstantiated fear in the minds of some weak mined shareholders, just so you can acquire their shares at below Fair Value.

You have never been able to identify ONE fundamental problem with Pensana's planned operations. The Ore is there, the logistics are in place, the demand is there as is the IP and soon to be Finance, Backed by the Angolan and UK Governments.

All you can ever come up with are unfounded Personal attacks and a diatribe of innuendo ! Provide some Proof to your absurd claims or shut the F up

[chinasyndrome] 02/9/2021 10:56

Hamilton / Cliff or whoever you are today, You started your diatribe with personal attacks against PA, non of which have proven to be factual, You then peddled a "Rumour" from REO which we all now recognise as FUD. That you have been down ramping this stock for at least 3 years, CB sacked you for trading when you shouldn't and your latest employer MQ soon will when you get caught having to close your short position on a rapidly rising stock.....PLEASE try a Short attack again, you will be accommodated.

[hamiltonengineering] 02/9/2021 08:33

No shorting going on, just a case of more sellers than buyers, which one day China you will understand causes the share price to fall. Volumes thinning, very high probability of a sharp fall, the company has spent its ammunition and the market isn’t buying the bs anymore. Have to be heading down into the 70’s again. Strident up-rampers doing more harm than good!

[chinasyndrome] 31/8/2021 10:07

Given that we were subject to a Short attack a couple of weeks back I suspect that those who have failed are now exiting stage right.

[wiseacre] 31/8/2021 09:35

Flat response to very positive announcement. Probably because people anticipating news on ATF funding but bond finance far more important and progress there is excellent.

[lenses] 31/8/2021 07:29

RNS.

$250m bond and off takes for Q4.

[lewis winthorpe] 24/8/2021 11:37

Dont be fooled like the other sheep that have sold following the non RNS at 1015. This was announced yesterday through the Pensana mailer.

The really value RNS are due between now and the end of September. There will be more than one I understand.

DYOR as ever.
L.

[lewis winthorpe] 24/8/2021 10:14

Chairman Paul Atherley commented: "It has been a little over nine months since the team set foot on the Saltend Chemicals Park and since then rapid progress has been made with site selection, process route development, facility design, planning permission and the commencement of site preparation. FEED is well advanced and expected to be completed in late October with the site preparation complete the following month."

[h1tch0] 24/8/2021 05:27

What sources?

[lewis winthorpe] 23/8/2021 11:38

Multiple sources suggesting news imminent apparently.

[wantage] 20/8/2021 13:04

Mirabeau,Wondering if you or one of your mates subscribe to betaville?Heard it's very expensive but good infoeasily make it worth the cost?Much appreciate your opinion.

[lewis winthorpe] 19/8/2021 11:15

Heard an RNS update is due before results update. Timing unsure however. Dyor

[lewis winthorpe] 15/8/2021 09:52

https://www.google.com/amp/s/www.thisismoney.co.uk/money/investing/article-9894083/amp/STOCKS-WATCH-Informa-prey-FTSE-predators.html