Pensana Share Discussion Threads

[mikethebike4] 08/12/2022 12:29

"Magnet metal rare earths are central to that transition, forming a critical part of the technology for efficient electric vehicle motors and offshore wind turbines"

A company producing rare chemicals essential to electric motors seems to me to be a better bet than those companies producing lithium which it strikes me is possibly being replaced by sodium due to its' current (no pun intended) price

About Pensana Plc

The electrification of motive power is the most important part of the energy transition if we are to tackle climate change and one of the biggest energy transitions in history. Magnet metal rare earths are central to that transition, forming a critical part of the technology for efficient electric vehicle motors and offshore wind turbines.

Pensana plans to establish its Saltend processing hub as an independent and sustainable supplier of the key rare earth magnet metal oxides to a market which is currently dominated by China.

The US$195 million Saltend facility is being designed to produce circa 12,500 tonnes per annum of rare earth products, of which 4,500 tonnes will be neodymium and praseodymium oxide (NdPrO), representing over 5% of the world market in 2025.

Pensana's plug-and-play facility is located within the world-class Saltend Chemicals Park, a cluster of leading chemicals and renewable energy businesses in the Humber Freeport and will create over 500 jobs during construction and over 125 direct jobs once in production.

Powered by low-carbon offshore wind, it will be the first major separation facility to be established in over a decade and will become one of the few major producers located outside China.

Feedstock will be shipped as a clean, high purity mixed rare earth sulphate (MRES) from the Company's Longonjo low-impact operations in Angola. The mine's state-of-the-art concentrator and proprietary MRES processing plant are designed by Wood to the highest international standards.

The operations will be powered by renewable energy from hydroelectric power and connected to the Port of Lobito by the recently upgraded Benguela railway line.

Pensana believes that provenance of critical rare earth materials supply, life cycle analysis and GHG Scope 1, 2 and 3 emissions will all become significant factors in supply chains for major customers.

The Company intends to offer customers an independently and sustainably sourced supply of the metal oxides and carbonates of increasing importance to a range of applications central to addressing the energy transition.

Pensana is also aiming to establish Saltend as an attractive alternative to mining houses that may otherwise be limited to selling their products to China, having designed the facility to be easily adapted to cater for a range of rare earth feedstocks.

[chinasyndrome] 06/12/2022 06:34

hxxps://effectiviology.com/fud-fear-uncertainty-doubt/
hxxps://www.binance.com/en/blog/p2p/how-do-you-prevent-fud-four-tips-on-managing-fud-5371309198370750408

[cyberbub] 05/12/2022 23:17

What is FUD for the uninitiated?

[chinasyndrome] 05/12/2022 22:55

Lewis, I am encouraged to hear that you find my postings odious; I can assure you that I don't like writing them any more than you dislike reading them. However they are there because somebody is employing FUD to destroy Sentiment; A fact that even they have admitted to !

Now you may not subscribe to that theory, but the simple fact is that Hamilton, Theo, DP, SP, Eloro, MJM3 and yourself, continue to post negative comments about a Company that any real Investor should be supporting, to me that indicates that you are at best a Trader ?

Now if you really want me to desist, and maintain any credibility for yourself, how about you also complain about those Down-rampers I have mentioned. I will stop when they do.

[mwj1959] 05/12/2022 22:36

I hope its not a far horizon!

[sirmark] 05/12/2022 20:43

Hi Darcon,I hope your well, I'm in this with a decent holding and looking to 2023 with funding on the horizon should one to watch.

[darcon] 05/12/2022 19:11

Here is a link to an article about increasing efforts at divestment from Chinese-linked supply chains:

I have PRE on my watchlist. Not currently a holder.

[cyberbub] 05/12/2022 14:22

Oh dear, a pathetic public handbagging spat looms...

[lewis winthorpe] 05/12/2022 13:53

I'm depressed reading your drivel from the last 12-18 months. I thought advfn was the escape, but you've landed here too.

[chinasyndrome] 05/12/2022 09:16

You don't have to worry about me Lewis, I am currently quite happy with my Life and the progress Pensana is making towards funding my Retirement~ You however should probably examine your own mental health, you are coming across as being quite introverted and depressed lately !

[mhssh] 05/12/2022 09:06

"The government has no plan for growth and must take urgent steps to rectify a chronic lack of investment, the CBI warns today. Predicting that the economy will shrink by 0.4 per cent next year, the business lobby group called on the prime minister and chancellor to “use levers of growth to ensure this downturn is as short and shallow as possible”.

Perhaps a starting point would be to finance projects like Pensana.

[lewis winthorpe] 05/12/2022 07:17

Far too much time on your hands. Look within and ask yourself some serious levelling questions.

[cyberbub] 03/12/2022 17:50

Mwj, PA clearly stated that Saltend *could* take feedstock from anywhere if Longonjo came into operation after Saltend? Yes it's not ideal as the circuits would have to be tweaked for different feedstock, but not a huge problem IMOHaving said that, it now seems that L might come into operation at about the same time, if S funding is delayed by a few months.I see S as a lower risk in some ways. Its location is in a low-risk developed country, the political support and infrastructure is there, and it can take feedstock from other sources.

[mwj1959] 03/12/2022 12:54

They are being financed separately and from a debt perspective in different ways. But hey are clearly interlinked. Longonjo will initially provide 100% of the feedstock for Saltend, but that won't be the case down the line, and if Longonjo doesn't get started in time feedstock for Saltend can be sourced from elsewhere. Likewise Longonjo can sell into the global marktplace if Saltend doesn't happen or is delayed.

[dumbpunter] 03/12/2022 10:23

If the projects are separated, the mine would act as collateral as it has some value.
The would leave Saltend high and dry as a unsecured loan, with credit card rates of interest.

[mwj1959] 03/12/2022 09:42

I think that the UK Export Finance guarantee is a given for Longonjo's financing (I hope I'm not being too optimistic here, but that was the impression I got). And that is why the cost of debt should be (much) lower than for Saltend and the path to delivering on it a lot more straightforward (hopefully).

[mhssh] 03/12/2022 08:10

Angolan Gov. guarantee?

[cyberbub] 02/12/2022 20:48

My view is that the company is undervalued even on Longonjo alone. In the worst case scenario it could proceed to develop L. and use cashflow from that to fund Saltend!But I doubt that scenario will come to pass. The UK govt don't even need to invest any hard cash (although taking a 10% stake would be welcome, the hard-up Angolan Govt has bought 25%...) - all they have to do is guarantee the debt/bonds as proposed for Longonjo, and the interest rate will instantly halve.

[mhssh] 02/12/2022 17:16

I don't know how the government works, but having turned down Pensana (apart from the £4.0m) whether they would look at it again under a new business secretary, I have no idea. The failure of British Volt could be a plus or a minus. If they have now cut the umbilical cord with BV, they might be looking for a new project. There again the failure of BV may make them even more cautious than I suspect they already are.

[mikethebike4] 02/12/2022 16:46

Too right !

However this particular project is the sort of scheme that this Government will want to push through in its' desperation to remain in power through to the other side of the next election !

- after all it has very little else to show for the last 12 years

[mwj1959] 02/12/2022 16:42

That's always the risk, but also why the upside in these sort of stocks can be material if they deliver. And that upside is why so many PI investors punt / invest in them. PRE unfortunately has got unlucky in terms of timing to market for its debt raise and that increases the risks of at least one part of it (Saltend) not getting off the ground. Funding for Longonjo seems a much easier ask. I remain of the view that the project has lots of merit and with a fair wind will eventually get developed, but the scale of my investment is based on an acceptance that, for whatever reason, it may not.

[mhssh] 02/12/2022 16:02

A good friend of mine (who also attended the meeting) and, by average retail investor standards, has quite a lot of shares in Pensana (as do i) drew my attention to the Lassonde Curve stage 3, where Pensana seems to be right now. He had his own bitter experience more than forty years ago, with an unfunded project like Pensana. It was called Chaarat Gold and it got stuck in stage 3 where it remains to this day. Neither of us are spring chickens, and while we both intend to tough it out in Pensana, he swears he will never again invest in an unfunded project, as the chances of spending eternity in stage 3 are far too high. But let's hope that will not be the fate of Pensana.

[mhssh] 02/12/2022 09:09

If you could go to the next ALK AGM,would be interesting to see what is said at that meeting.

[mwj1959] 02/12/2022 08:49

We're all hoping the Lassonde curve works! And for those us who are in ALK, PA's other venture, where do you think we are in this curve? I asked PA after the AGM where we are with ALK and he said 18 months behind PRE. Not quite sure how that stacks with the 2025 first production target for ALK being the same as for PRE.