Pensana Share Discussion Threads

[sirmark] 27/6/2022 21:10

People realising a mismatch from value to market price... we dropped way to far.

[lyceeuk] 27/6/2022 15:43

whats going on here???

[mwj1959] 24/6/2022 10:57

I recognise that they are two separate businesses, but it is fairly clear that PA is the driving force behind both, particularly ALK where he owns 50% of the shares. He's the one who fronts up both companies with the media etc., so he may be "just" the Chairman, but to me he is the key string puller. Trying to get both off the ground in the current market / financing circumstances is going to be a lot more challenging than it was 12 months ago and that is why I still regard both stocks as option money (and hence my modest positions in both) - potentially material upside, but also the worst case risk that they never get off the ground or there is a lengthy delay in doing so. Clearly, holding even a modest position points to my expectations being biased towards the former. Full credit to him if he manages to get both off the ground and into successful production in the timeline that the companies have outlined. I very much hope that is the case!

[chinasyndrome] 24/6/2022 01:10

MWJ, Strange, in one post you CLAIM that YOU hold shares in both, then immediately suggest that for PA this is not a good idea !

FYI A Company Chairman is only responsible for the effective management of the BOD, it is up to the CEO, CFO and COO to actually manage the day to day operations of a Company. Now as PRE is into REE and ALK is Lithium ie two distinctly separate commodities in two separate locations then I see no potential for the "Conflict of Interest" that you are suggesting.

[mwj1959] 23/6/2022 12:14

Atherley is trying to juggle too much in my opinion. Where do his priorities lie?

[chinasyndrome] 23/6/2022 11:11

MWJ, Time will tell,

Actually it being only $750M is part of the problem, if it was 2 Billion it would probably be a lot easier ! People with Real Money usually don't get out of bed for less !

[mwj1959] 23/6/2022 09:02

I'm afraid what is happening to PRE is symptomatic to all those jam tomorrow companies that need to raise significant capital over the coming months / years to enable delivery against a market backdrop in which it is becoming harder to do so and where the costs of doing so have increased. Atherley is involved in two companies (PRE and ALK) where he needs to raise around $750m+ (PRE capex estimated at $500m and £215m for Train 1 for ALK). How easy is that going to be, particularly with ALK (where he owns 50%) with a mkt cap of just £7m? So while the projected returns of both potentially look significant (albeit against a long and uncertain timeline) there is no guarantee that they will ever deliver. Now that may be too pessimistic a view, but both stocks look like option money at present. And I say that as a modest owner of both. So, a long and likely rocky journey ahead for shareholders with dilution inevitable.

[sirmark] 23/6/2022 08:09

It's like being cut with a 1000 knives at the moment :(

[mikethebike4] 17/6/2022 12:53

Construction work commencing at Saltend I imagine - should be less than a couple of months

[sirmark] 16/6/2022 10:46

Was expecting a decent recovery after the wider market sell off as nothing had changed with us ... but down about 25% on nothingAnyone have any ideas on the next news flow we can expect

[sirmark] 13/6/2022 20:41

Just the general market we're no exception unfortunately... I have a sea of red on some absolutely cracking stocks but just as a rising tide lifts all boats so does a falling tide.Just be patient it will blow over, and normal service will resume ...

[mwj1959] 13/6/2022 13:01

To get to around 68% he would have to issue 250m new shares to II. At 55p that would be £138m worth, which would be around a third of the capex the project is etimated to need at Saltend and Longonjo.

[lenses] 13/6/2022 12:20

PA has plainly stated he wants the II proportion of the register to go up from the present ~35% to around 70% over the "next two months or so" (Crux, April).

Reckon in this environment placing will go at 55 to 60, will buy back after it has churned.

GLA.

[mwj1959] 13/6/2022 11:15

Cash raise on the way? Even if @Chinasyndrome (post 1662) thinks it will be a last resort for PA. I guess the markets are also pretty wobbly at present, so jam tomorrow projects, such as this one, are likely to come under pressure in the ST, regardless of their potential.

[mikethebike4] 13/6/2022 10:15

why the big drop today ?

[odsjp] 07/6/2022 12:09

Agree Chinasyndrome.
Just thought I would post it as it was the BBC...

[chinasyndrome] 07/6/2022 00:49

It seems that the BBC is even more archaic than the Hull Daily Mail !!!! Last weeks News, I suppose they needed something to detract from todays Vote !

[odsjp] 06/6/2022 15:24

Hull: Saltend rare earth magnets factory gets go-ahead
Published9 minutes ago

Plans for a £150m factory near Hull which will make materials for magnets used in electric cars and wind turbines have been approved despite objections.
The plant, which will process rare earth materials, will be built next to the existing Saltend Chemical Park.

More than 30 objections to the factory were received, including concerns over environmental risks, traffic and the plant's proximity to homes and roads.
Pensana said it would create 125 jobs as well as 450 construction jobs.
According to the Local Democracy Reporting Service, William Izod, Pensana's chief commercial officer, told East Riding of Yorkshire Council's planning committee that the plant would pose a low risk to the area and help break China's monopoly on producing the magnets.
"Rare earth minerals are used in the production of high strength magnets and we need a sustainable source for these," he told councillors.
"About 90% of these magnets are produced by China. There is a risk they could dictate prices or limit the export of them, which would threaten renewable energy production.
"The products which we use are both non-hazardous and low-risk," he added.
Pensana previously said the raw materials for its products would come from a sustainable mine in Angola.

The factory will be sited on farmland next to Saltend Chemicals Park, just outside Hull
The 37 acre (15 hectare) site will be built on farmland between the A1033 and Paull Road and Pensana has agreed to pay £30,000 towards improvements on the A1033 as part of conditions to develop the site.
Council environmental control officers, local drainage boards, Natural England and other bodies did not object to the plans for the factory, while initial opposition from the Environment Agency and Northern Gas Networks was later withdrawn.
But the parish councils of Preston, Paull and Hedon objected, along with 34 people, over the loss of green space, as well as concerns over pollution, flooding and traffic and its proximity to homes.
Councillor John Dennis said the committee needed to take local residents' concerns seriously.
"Residents have put up with chemical works for the best part of 100 years, but a site within the community itself is a step too far," he said.
"HGVs coming and going from the site during construction will bring additional problems.
"Putting this huge building right on locals' doorsteps is unacceptable."
Mr Izod told the committee Pensana settled on the site because of the area's established chemicals industries and it being close to the University of Hull, which could provide future employees.
The plant will also be subject to a separate application for an Environment Agency permit controlling noise and emissions, which will be needed before it can begin operating.

[mikethebike4] 06/6/2022 13:52

BMO Capital Markets and Pensana Plc invite you to a Virtual Special Event on Tuesday, 7 June 2022 from 15.00 BST

Pensana Chairman Paul Atherley commented: “China currently dominates the supply of rare earth permanent magnets used in Offshore Wind Turbines and Electric Vehicles which are central to the electrification of motive power - the biggest energy transition in history.

Pensana (LSE:PRE) is about to break ground on the world’s first rare earth processing hub at the Saltend Chemicals Park in the Humber Freeport UK, establishing a world class, independent and sustainable supply chain for these critical metals.”

[charina] 03/6/2022 13:12

Paul Atherley, Chairman of Pensana PLC is presenting at the Global Mining Finance conference in London next Tuesday, 7th June, commencing at 09.45 in the morning.


Shareholders and all those interested in the company, or the mining sector in general, are welcome to attend.


The conference is being opened by Alasdair Macleod, Head of Research for Goldmoney.com of Toronto. Alasdair is a leading authority in the gold sector.


This is a morning event, with two coffee networking sessions, and a buffet luncheon with wine and refreshements to follow.

These are wonderful events, and give the opportunity to chat to the CEO's, fellow investors, and city professionals in an informal setting, and to exchange ideas and tips.


If anyone would like a free delegate pass, please email [e-mail]


I will be delighted to supply full details and register you.

Please note, advance registration is required.


The nearest stations are Moorgate, Bank, Cannon Street, or Liverpool St.

All are a few minutes walk away from the venue.

[mikethebike4] 31/5/2022 14:00

h1tch0

Looks like full production by mid2024 but could not find a start date

[chinasyndrome] 31/5/2022 12:56

One has to wonder about the Morals of the Low life's who seek to profiteer from or destroy a Business that is becoming critical in saving the Human Race from if not extinction then a severe downgrade in lifestyle ? Greed, Arrogance, Stupidity, Self.

When are they going to wake up that unless Pensana, Peak, Arafura etc etc can produce the NdPr necessary to electrify the de-carbonised World, there is a very good chance of Billions of people starving / freezing or boiling to death. Climate change is happening, as was forecast to happen at least 40 years ago, pumping Energy into an oscillating system without changing the frequency will only increase the Amplitude ! ie far more extreme weather ~ crop loss ~ flooding ~ bush-fires.

Anybody still in Denial is a Luddite ! and a self serving fool !

[chinasyndrome] 31/5/2022 12:20

Whatever you do, do not mention the name Stuart and Hamilton on LSE, The arrogant Prig will have you suspended and the post removed ! I wonder what he is so sensitive about, whoever he is !

[h1tch0] 31/5/2022 11:48

Suggest logging in to the company website and check the announcements.

[mikethebike4] 31/5/2022 10:38

Anybody have a rough estimate of when building the plant is likely to commence and how long it would take till production ?