Pensana Share Discussion Threads

[chinasyndrome] 06/10/2021 23:23

Roundthetrap, you have clearly missed the Elephant in the Room. COVID

Travel to/from Angola has been severely restricted for the last 18 months. There is no way that even a self funded Major could have advanced Longonjo in this period.

As to Pit wall-stability, that is not a issue at this stage, especially when you look at the distribution of Ore, Nobody starts a new mine at the Pit boundary, especially when the Deposit is Massive.

Credibility ? Wrong again, PA has not only managed "Operating" mines he has taken at least two that I know of from Greenfields thru to Construction. Rocky is probably the only Western operator outside Lynas who has RE processing experience and Tim would not have reached the level he did in Anglo without doing the hard yards.

Now, if you could please explain what your own credentials are that qualify you to make such absurd and defamatory comments, I might take you seriously, but until then your nothing but a nuf nuf !

[roundthetrap] 06/10/2021 19:22

This is like cuckoo land. In July 2020 investors, like myself who invested in a fledging mining company, were advised site development at Longongo was underway and Paradigm's FEED conclusions would be in October 2020!!. In Oct 2020 the BFS was "well advanced" and an update due in Nov. In Nov, Paradigm were out for quotations and commencement of construction 1Q 2021. Longongo was allegedly "well advanced". All of a sudden the BFS was ditched in favour of the new (PRE) way to build projects and get finance ie PFS to FEED. No responsible mining company would ever follow this route, even with the alleged PRE stellar figures ( which no-one has seen). Instead we got a hypothetical Business Plan, with no back up. Why has PRE not been able to get finance and is now at the behest of the Nordic skiers? - because they did not produce their promised BFS, with a credible NPV and IRR. The City would not look at them without the BFS ( and my contacts say all they have had to date, in approaches from PRE is hype and b.s.) Maybe the majors, with internal finance, can fast track a project like Longongo but this management has no credibility to do so. Longongo, according to PRE's announcements, in 2020, should have been half built by now (assuming it it was economic and financeable).
Saltend took over managements focus and the focus on development of Longongo has languished whist management have preened themselves in front of the cameras. FACT - none of the management has ever developed a project, and if they think they can go from PFS to FEED and get backing, without negative pecuniary terms, I would be amazed. To the clown who told me DYOR, I know exactly the experience (or lack of it) of the key players. Neither PA/TG/RS have ever built a project! In the interim three board members have also jumped ship. Why has Sandra left?

Is Longongojo a viable project? If so, focus on that, and start to get a return for shareholders. A saleable product is revenue wherever the product goes to. If Longongo is viable then the Board has been dilatory in ignoring that development whilst they hock the media with Saltend. What has happened with Longongo since Paradigms alleged FEED in 2020.

A disturbing note (in my mind)in the issue of 31/08 was that SRK had been commissioned to look at various aspects including pit stability and criteria "based on broader area campaigns" which indicates they were nowhere near BFS status in their studies. The share price is depressed because of incompetent management, false information. There are established paths to successfully develop projects - unfortunately PRE seems to think they have their own path. The lack of finance over the last 12 months should have themselves asking questions.

[mumble1311] 06/10/2021 15:44

ioon1, no problem, being dealt with

kind regards

[ioon1] 06/10/2021 12:01

The inflation & the current energy crises all add up a higher price... in China, the authority, in case of the current power shortfalls, prefer not to raise the price rather stop the production level or use rationing. More Socialist distribution.


These 6 major RE groups will dissolved to form a 2-tiers system :
hxxps://cdn.substack.com/image/fetch/w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/hxxps%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fed115054-8377-44f5-9a62-4c4aa0e3677c_1354x1362.png

The “two group” approach is ages old and any increase in rare earth production quota is imited to China Southern and China Northern rare earth groups.

The two state-owned company approach would be similar to dividing up economic sectors among two instead of one state-owned enterprises in the early stages of China’s reform, to create competition.

It may provide a viably stable future RE prices in relation to the ongoing 2-tiers socialist Sino re-organisation for the global supply chain of critical metals: it is the classic example of top down mythology to put the price in control of a commodity at a cost element & a mark up so that the natural supple and demand mechanism is taken out of the equation.

[ioon1] 06/10/2021 11:31

Hey Mumble,I tried using the old inviting link to long on the TG group in vain.

The message is an invalid or expired link. Otherwise, I need someone to add me
again or put me thr John the Admin to check the banning:

My TG link >>>> t.me/wujohn

[mumble1311] 05/10/2021 08:25

Ioon1, I believe you were admitted the same day. Please try to log on

[ioon1] 04/10/2021 13:08

Great news is looming after PA meeting the government officials this week.
The appointment of Steve Sharpe hints as a final stage for securing & strengthening the 100% funding needed.

[ioon1] 01/10/2021 11:58

Thank you Tricky! Please let me know if they are ready to welcome me back to TG.
Indeed there are plentiful exchanges there that are beneficial and informative.

[chinasyndrome] 01/10/2021 10:55

Thomas / Cliff, go back and hide under the rock you crawled out from.
The only people selling are Shorter's and Bots, and they are only half hearted.

[hamiltonengineering] 01/10/2021 08:22

Desperate times, desperate measures! Share price heading back to the 60’s. Could we see it in the 50’s next month? I have to say it’s looking highly likely. Looking for finance in the Norwegian bond market with no BFS an extraordinary strategy.

[chinasyndrome] 30/9/2021 23:49

At least he has a history that qualifies, unlike a complete unknown, Hamilton !

By the by, what has happened to your mate Thomas 'shead ?, he has gone awful quiet since the start of China's financial collapse.

[hamiltonengineering] 30/9/2021 19:22

The recent RNS may have lead one to believe that Steve Sharpe was Chair of AME Group, Managing Director of Conaccord Genuity and Managing Director of Endeavour Financial. He was actually on the advisory board at AME, he was not a director of CG, he was a managing director in the structured finance division, likewise he as not MD of Endeavour. Only small details I acknowledge but it is good to be accurate. Somewhat surprised Mr Sharpe did not refine the RNS, he must have seen it before he went out.

[tricky20] 29/9/2021 16:42

loon1 being kicked out was unfair.We are trying to get you re-instated.

[mumble1311] 29/9/2021 16:22

ioon1, i think what is rattling everybody's cage is the time scales your are working to. its almost like we are talking Dog years. ie 7 for 1 human. Most people in the West are looking to remove their reliance on monopoly supplier and the insecurities that accompany it, with a far shorter period than that.

[ioon1] 29/9/2021 15:59

Never mind being kicked out of the TG group, I'm a long viewer as the EV revolution just begins like all major auto makers planning a slice of it irrevocably: a 1o years view for 1st model by RR in 2030 and a 50 years view for FORD to build from scratch their own supply of battery and EV related production. The choice of the word DECADE makes sense but YES, IT IS FIRST IN A DECADE is different time wise!

[hogwatch] 29/9/2021 12:17

RNS today - 2 changes at Board level, 2 new managers:

Pensana's Chairman, Paul Atherley, said:

"We are delighted to welcome Steve Sharpe to the Board who brings a wealth of experience in financing and developing resource projects around the world at a time when we are looking to finance Saltend and Longonjo. Steve has been involved with the financing of some US$6 billion over his 37 year career.

William Izod and Danny McNeice also bring with them significant experience and further strengthen the growing management team at an exciting and important time for Pensana.

We are very grateful to Sandra Bates for her contribution in establishing the highest standards of Corporate Governance within the Company over the past year and wish her well in her future endeavours. These standards are important as we embark on the financing and will stand Pensana in good stead for years to come."

[chinasyndrome] 29/9/2021 11:55

Hamilton, Have you not yet worked out that your postings here are Telegraphing your boss's moves ? Thanks for the donation.

[lewis winthorpe] 29/9/2021 08:05

Why care? Nuances of language on RNS shouldn't drive an investment decision.

[chinasyndrome] 29/9/2021 08:04

Hamilton, Old News ~ already been discussed on Hot Copper.
How's your Book going, have you covered the Bank's short position yet ? Why not throw a few more in there plenty of LTI's are now buying. We love a bargain.

[hamiltonengineering] 29/9/2021 07:44

You’ve got to love Pensana. It wants to make an announcement regarding Coola. Instead of saying Coola is 16 miles north of Longonjo it states it is 16 miles north of the state-of-the-art Longonjo rare earth development. So that would be the state of the art patch of scrub that includes the municipal rubbish dump? Why does this Company have to embellish every statement it makes?

[chinasyndrome] 28/9/2021 11:16

Hitch, see the Telegram Group explanation Mr Wu has confused "First mine in a Decade" with "It will take a decade" !! He should have made that correction here if he was sincere.

[h1tch0] 28/9/2021 03:46

Totally disagree.. going off the information we know so far the roi is projected to be far less than a decade... what makes you say a decade?

[ioon1] 27/9/2021 15:54

At the board level led by PA, it already worked like a win win lottery from the zero carbon sustainable initiative. All in all, the future is retaining on the institutional ESG fund managers to look at PRE in a serious angle.

[ioon1] 27/9/2021 15:41

The beauty of this zero carbon investment, for example, the Longonjo site uses nearby hydro power to provide greener cheaper exploration.

In its early years of development from finance to mining and the strategic choice of sustainable but low cost high quality resources like from greener energy to zero carbon missions, Pensana is not an overnight milk cow and
it would take a decade beyond excellence of mine management from implementation to success.