Pensana Share Discussion Threads

[dumbpunter] 08/11/2021 19:30

LCM have a sales income which makes them infinitely more valuable than a company with none.
They have years of experience making RE magnets, PRE’s only experience is failed mining applications.
They also benefit from government support via the ATF, something PRE does not.

[lenses] 08/11/2021 18:51

Government commissioned LCM (Nd metal/alloy maker from oxide/salts, Cheshire) a year back to produce a report on feasibility of UK 'mine to magnet' chain of production.



Completed 6m back just released by government.

For LCM (small private company within a small niche that can in no way build this them selves) I cannot decide if this effort is a result of a lamentable amount of research, a begging letter or less than either and more of a suicide note.

[roundthetrap] 08/11/2021 09:07

Totally agree and it could well be a good thing. However to find the advice after reading 41 pages of the AR, I found strange.

[rvsy2] 08/11/2021 00:01

roundthetrap nothing to worry about with this note on p 41. To the contrary I would welcome a non executive director filling the chairman's role instead of a hands on director like PA. I also think most institutions would endorse this view.

[roundthetrap] 07/11/2021 18:55

Annual Report 2021, P41, Note 1. Is this the place to tell shareholders the Chairman may change his role. Nothing in the Director's or Chairman's reports. In the Sept webinar, improved communication was promised.

[ioon1] 06/11/2021 15:43

PENSANA will become the Best of Britain candidate no doubt, and now we have ARRIVAL looking good for our money - it is a creating the world’s first Generation 2 electric vehicle, using unique technologies to create affordable, purpose built electric vehicles for commercial customers.

ARRIVAL has trialled prototypes with a wide range of companies including Royal Mail, DHL and DPD, as well as BT. Arrival also received an investment and order of 10,000 vehicles from logistics giant UPS.



It was reported as local news in Banbury May 2020, my hometown. Now in late 2021, the EV business is hiring people for production using the concept of micro factory model.

[odsjp] 05/11/2021 14:05

And another.



UK Gears Up to Produce Rare Earth Magnets, Cut Reliance on China

LONDON —
Britain could revive domestic production of super strong magnets used in electric vehicles and wind turbines with government support, to cut its reliance on China and achieve vital cuts in carbon emissions, two sources with direct knowledge said.

A government-funded feasibility study is due to be published on Friday, laying out the steps Britain must take to restart output of rare earth permanent magnets, the sources said.

A magnet factory would help Britain, hosting the COP26 U.N. climate talks in Glasgow, Scotland, meet its goal of banning petrol and diesel cars by 2030 and slashing carbon emissions to net zero by 2050.

British production of the magnets vanished in the 1990s when the industry found it could not compete with China. But with the huge growth in demand, the government is keen to secure enough supply.

Last month, the government set out plans to achieve its net zero strategy, which includes spending $1.15 billion to support the roll out of electric vehicles (EVs) and their supply chains.

The study outlines how a plant could be built by 2024 and eventually produce enough of the powerful magnets to supply 1 million EVs a year, the sources who have read the report said.

"We're looking to turn the tide of shipping all this kind of manufacturing to the Far East and resurrect U.K. manufacturing excellence," one of the sources said.

The government's Department for Business declined to comment on details regarding a possible magnet factory because the report has not been released.

"The government continues to work with investors through our Automotive Transformation Fund (ATF) to progress plans to build a globally competitive electric vehicle supply chain in the U.K.," a spokesperson said in an email.

EV ramp up

British rare earth company Less Common Metals put together the feasibility study and is considering seeking partners to jointly build the factory, the sources said.

LCM is one of the only companies outside of China that transforms rare earth raw materials into the special compounds needed to produce permanent magnets.

Automakers will need the magnets as they ramp up EV output in Britain. Ford said last month it would invest up to $310 million in an English plant to produce around 250,000 EV power units a year from mid-2024.

Rare earth magnets made of neodymium are used in 90% of EV motors because they are widely seen as the most efficient way to power them.

Electric cars with these magnets require less battery power than those with ordinary magnets, so vehicles can travel longer distances before recharging.

A race by automakers to ramp up EVs and countries to switch to wind energy is due to boost demand for permanent magnets in Europe as much as tenfold by 2050, according to the European Union.

The sources said government support would be vital so Britain could compete with China, which produces 90% of supply.

The strategy mirrors similar efforts by the EU and the United States to create domestic industries of raw materials, rare earth processing and permanent magnets.

[odsjp] 05/11/2021 14:02

Will we get news next week?



Is the UK planning to build a rare earth magnets factory?

A new study will soon set out how to restart the British production of the magnets used in EVs and wind turbines

Britain is reportedly planning to take steps to start the domestic production of rare earth magnets in a bid to cut its reliance on Chinese imports.

Rare earth metals are used for the manufacturing of magnets for wind turbine generators and electric vehicle (EV) motors.

According to reports, a new feasibility study is expected to be published in the coming days, laying out the necessary steps the UK needs to take to produce rare earth permanent magnets.

A future magnet factory could help the UK meet its goal of banning petrol and diesel cars by 2030.

In April, a £100 million chemical engineering project in Humberside, that is believed to become Europe’s first rare earth metals processing facility has been awarded planning permission.

A BEIS spokesperson told ELN: “We are firmly committed to ensuring the UK continues to be one of the best locations in the world for automotive manufacturing.

“We have supported 22 feasibility studies through this funding, including one on the possible magnet plant in Cheshire, and await its findings.”

[chinasyndrome] 05/11/2021 04:48

stubsy !, It just means we hit Parity with the Pound

[astubbs67602] 04/11/2021 21:21

Market capital 223.25 and shares in issue at the close of 223.25 is a bit spooky!

[odsjp] 04/11/2021 11:13

To infinity and beyond

[ioon1] 03/11/2021 15:16

In awe of the current COP26 held in November 2021 Glasgow with Mark Carney, the world of finance will be judged on the $100tn climate challenge:

"Look at what your bank, insurer and fund manager do — not what they say."

[lurker5] 03/11/2021 14:48

Pensana looks interesting. But with unknown capex and sponsor co's (ie PRE's) needs, not to mention unknown eventual profitability, it's too early to jump in without a full survival suit and a couple of lifeboats. Only thread so far is by Excellance, a serial poster on innumerable boards, and a hysterical, not to say ignorant ramper, who will 'ban' anyone posting cautionary and/or well informed opinions to counter his ramps. So don't support it if you want an objective and professional opinion. I'll try to keep up here. But not yet.

[eggbird] 02/11/2021 16:02

Hello Steve!!!!!!!

[wiseacre] 31/10/2021 22:50

Mail on Sunday:

Pensana's shares have been on a tear, rising 35 per cent in the last month.

In part, the rise is due to talk that a US-based activist hedge fund has been building a sizeable shareholding in the rare earth metals firm, which supplies electric car makers.

City gossips claim the fund has been building its stake through a vehicle called Pershing Nominees Limited, which now owns 15.9 per cent of Pensana.

Quite what the unnamed investment firm plans for Pensana – which aims to develop Western Europe's first £90million rare earth processing plant in Hull – remains to be seen.

But it could be a timely investment if fresh detail about a loan to Pensana from the Government's Automotive Transformation Fund is announced in the coming weeks.

[eggbird] 29/10/2021 16:59

Nice finish!

with COP26 drawing closer this could be due a very good run! AIMVHO

[millwallfan] 29/10/2021 14:32

Ham, in addition to investing I’m just as useless at predicting football, horses , getting reads at Texas holdem so often wonder how on earth I got where I am 😂

[dmitribollokov] 29/10/2021 13:02

20/100 day EMA golden cross. Away she goes…

[odsjp] 29/10/2021 10:10

Neodymium is now at a 10 year high

[eggbird] 29/10/2021 09:21

I've added a few more this morning - I have high hopes for this one!

[hamiltonengineering] 29/10/2021 06:06

Stick to football

[millwallfan] 28/10/2021 21:25

Looking at the intra day chart 7 attempts to drop the price all quickly thwarted which must surely represent support at current share price thus preventing any MM games to get shares ????

[odsjp] 28/10/2021 13:45

Rare earth prices are shaping up quite nicely for COP26 and Pensana financing.

[hogwatch] 28/10/2021 13:42

Sunak gives go-ahead fro Humber Freeport to start tax-free projects in November.
Chancellor Rishi Sunak has confirmed Humber, Teesside and Thames will see the first tax sites established as part of the freeports package "“The first tax sites will be in Humber, Teesside and Thames, and those freeports will be able to begin initial operations from November".

See here:
hxxps://todayuknews.com/business/first-three-freeports-given-the-go-ahead-to-start-operations/

Port director, Simon Bird, chairs the steering company, with ABP having put together and funded the bid in order to meet the timeframe. He said: “It is fantastic news, great news for the Humber. “We have the company Pensana, having already announced its intention to develop a rare earths processing complex, confident in the delivery of a freeport.

“They can see the benefits freeport will bring, and that’s the Humber winning over other sites in the UK because they had the belief. We landed a very compelling bid in front of the government, and I couldn’t be more delighted. A lot of work has gone into this opportunity, and the private and public sector really got after it, to really maximise it, and I can assure everyone we are doing just that".

On the £230 million Global Britain Investment Fund pot for the offshore wind manufacturing sector, RenewableUK chief executive Dan McGrail said: “It’s great to see the Chancellor backing the growth of our world-leading offshore wind industry in the run-up to COP26 with this funding which will help to increase UK manufacturing in this sector even further. It builds on the support ministers have provided to upgrade UK ports to turn them into offshore wind manufacturing hubs and new centres of excellence as part of the Prime Minister’s green industrial revolution.".