Pensana Share Discussion Threads

[lewis winthorpe] 01/9/2022 17:17

Boris ousted himself with his idiotic, over privileged antics.The whole party is to blame. Truss or Rishi...my god!We are doomed

[quepassa] 01/9/2022 15:00

Let's hope you are right.

I don't think Truss is anywhere near the calibre, self-confidence or determination of Thatcher.

It's one thing being in a friendly chat against Sunak in the hustings or running a Government Department - but entirely another being in the firing line at the Despatch Box.

They'll have her for breakfast.

And don't forget that she was at one time a woolly LibDem. Lacking gravitas.

Thatcher was born-and-bred-and-bled Conservative.

[mikethebike4] 01/9/2022 14:21

I think you will be surprised what a 'firm' female can and will achieve

- a la Thatcher

- I think Liz will surprise us

all is not necessarily lost !

[quepassa] 01/9/2022 13:28

no.

what will happen is that truss will give a big tax-cut to please voters and then they will have no cash left - especially as interest rates spike higher and the cost of servicing the herculean National Debt soars. Nothing for regional business.

Truss will prove in my view to be even less effective than Theresa May. The Labour party will win the next general election reversing the land-slide victory secured by Boris Johnson - a man who got things done.

Once Labour gets back in, with the likes of some of the nasty characters on the Labour Front Bench, the country will rapidly go to the dogs - worse than even the 1970's bereft of any business culture at the top and ridden with endless strikes. Any chance of regional development will evaporate as they spend any remaining cash on endless social services and the NHS. -Corporation Tax will increase, business investment will crash and inward investment will dry up.

The Conservatives will rue they day that they ousted Johnson - although it would not surprise if they re-appointed him after their loss at the next election.

You only need to look at sterling fx rates to see how international confidence is fast evaporating in the UK.

As for Mr. Starmer, very effective at endlessly criticising, bemoaning and deriding but can anybody - anybody at all- remember a single one of his policies??

It's all royally phucked.

ALL IMO. DYOR.
QP

[mikethebike4] 01/9/2022 12:43

Let's look on the bright-side

the 'new' Government has got to do something positive business and electorate wise in relation to the North East and this project is ideal in virtually all ways - investment, development, employment etc.

[jotoha2] 01/9/2022 11:54

At this stage the company should. be valued at around £20m , very high risk , just look at the shareholder destruction at VLS AND SAV , with no positive news 5p will arrive at some stage.

[mwj1959] 01/9/2022 10:22

General Meeting is on 9th September, so those looking for an update are going to have to wait for that. Whether it delivers something concrete and share price supportive remains open to question. As I said in post 1765 this is all about execution / delivery. Lots of upside if it is successfully achieved in the timeline outlined, but lots of downside if it isn't. Hence my description of it as an option money.

[quepassa] 31/8/2022 17:23

likely important Cabinet reshuffle coming imminently.

If (one-time LibDem ) Truss gets the top slot, with her tax-cutting agenda, rest assured that there will be little left in the government coffers for any regional business support.

If Sunak gets in, don't count on Kwarteng remaining in his current slot as he is a self-declared supporter of Truss.

all imo. dyor.
qp

[mikethebike4] 31/8/2022 16:57

Don't panic - this share has so much going for it as I am sure Kwasi will agree

[mwj1959] 31/8/2022 09:48

As with PA's other project (TVL) it all looks great on paper, but it has to be executed on and delivered profitably in what is scheduled to be a relatively short timeline (2024). Regardless of the merits of the project the financing background is getting a lot more challenging. As I said before this is option money with lots of upside if delivered.

[sirmark] 31/8/2022 09:21

When is some good news going to come .... Down down deeper and down !Surely Finanace is due any time

[andrbea] 25/8/2022 18:08

sorry if posted earlier
7 July

[mikethebike4] 25/8/2022 10:29

Plenty of 'backup' here with Kwasi nailing his and Conservative colours to the mast -what with levelling up etc.

Dilution discounted I would say at this price - but I am no expert

[sirmark] 24/8/2022 23:15

Another great day

[mwj1959] 22/8/2022 18:11

There's a lot of media promotion of the company (and PA's other project TV Lithium) going on, but that's not helping the share price, which may currently be driven more by sentiment towards how the whole thing is going to be funded and how much dilution there will be. Funding is critical and then delivery on that funding i.e. profitable production in what seems a relatively short timeline (2024). Lots of risk here still imho, so continue to treat as option money, but clearly with lots of potential upside if it all works out. Similar picture with PA's other project (ALK).

[sirmark] 22/8/2022 16:21

It's like being cut with a thousand knifes at the moment.


The old classic one trade on the book
54.9 1 15:27


With the drop could we be actually getting funding news !!!?

[mikethebike4] 18/8/2022 16:56

It notes that Pensana has engaged an independent NGO to undertake an environment and social impact assessment including human rights associated with mining, with key measures including following the newly established Global Industry Standard on Tailings Management.

Rather than selling a concentrate to China, as many mining companies in Africa still do, Pensana will carry out as much processing as possible in Angola, using state-of-the-art processing, including innovative chemical recycling - thereby creating large numbers of local jobs and importantly ensuring that Angola has a fair fiscal take.

At Saltend Pensana is looking to convert NdPr oxides into ultra-low carbon magnet metal, powered by a 200MW battery operated by Yorkshire Energy Park. At Longonjo, Pensana has entered into a ten year contract for hydroelectric power at US$2c a KWH.

Cicero notes that it appears likely that Pensana will produce NdPr oxides with a lower carbon footprint than the NdPr oxides currently dominating the market.

A feature of Longonjo is the way it has been designed to handle the NORM (normally occurring radionuclides) in the phosphate ores. Existing producers concentrate the NORM along with the rare earths and export them to separation facilities in Malaysia and China.

By contrast, at Longonjo Pensana will extract the rare earths from the processed ore with the waste material containing the NORM stored safely in a permanent tailings storage facility at site.

Pensana is receiving strong interest from automotive and wind turbine OEMs, who are looking to secure transparent and independent supply with low embedded carbon.

Looking to the future, Pensana has commenced studies with Equinor to use its blue hydrogen produced at the Hydrogen to Humber (H2H) project at Saltend to recycle end-of-life magnets in offshore wind turbines to create a circular economy for permanent magnets in the UK.

All looks 100% to me

[sirmark] 09/8/2022 22:17

What......NEXT?

[quepassa] 09/8/2022 08:38

Not really interested in Pensana.

Feel free to spin it which ever way you want.

Everyone knows that 75% is a key voting threshold for certain company resolutions in UK companies - where more than 25% can block Special Resolutions.
Seems to me that the Company will be ceding a lot of power/influence to a single shareholder. Is this wise?

And I also hope that the increased shareholding by the shareholder in question does not influence/scare off other institutional shareholders on ESG concerns or attract the attentions of human rights activists.

Once again, a great idea like the Salamanca uranium mine, but not without political/jurisdictional/ESG risks.

Too rich for my blood - especially with new proposed shareholding structure.

Good Luck All. Really hope it works as demand for rare earths is on an exponential growth path but there are alternatives in more benign jurisdictions such as Energy Fuels in USA.


ALL IMO. DYOR.
QP

[chinasyndrome] 09/8/2022 08:09

I think I see where you are coming from, In some cases "Special Resolutions" can be blocked by a 25% or 33% block depending on the Jurisdiction. However note that this is only for Special Resolutions, (usually at an EGM) ie motions to dismiss the Board or change the Status Quo etc ~ So in actual fact your proposal suggests that this move to 25% is actually highly beneficial as we now have a "White Knight" with the power to block any unwanted Take-Over bids.

[chinasyndrome] 09/8/2022 07:53

QuePassa ! Have you read the Companies Articles ? I think you will find it requires 50% +1 to pass or block a Resolution.

And as I said above the ASWF are very Pro Pensana active ~ Why on earth would they wish to block a Resolution when they can see the Progress being made ? Not only do they get a great Tax return from the mining, but they also get to share 25% of the Profits from Saltend.

Only Idiots shoot themselves in the Foot !

[quepassa] 09/8/2022 06:01

But 25% - which they should easily be able to muster- is a potential blocking vote for many AGM/EGM resolutions etc which require 75% of shareholder votes.

It seems like a lot of shareholder voting power has been concentrated in a single hand.

all imo. dyor.
qp