Pensana Share Discussion Threads

[dumbpunter] 12/4/2023 09:01

So it's not the fault of the government of the last 13 years that they failed to have a policy to allow the building of gigafactory's. Factories that are required under the terms of Brexit trade deal, Brexit, which is a conception, implementation and strategy of this Tory government.

It'sall Labour's fault? They are worse. Right f..ing ho.

[mikethebike4] 12/4/2023 07:24

If PA does fail in his financing it will be a sad comment on the state of the political scene in the UK - and I don't only include the Tories in this - the others will be far worse

[mwj1959] 11/4/2023 17:56

Agreed. He's very good at spinning the story, but not so good at everything else!!

[mhssh] 11/4/2023 11:29

All interesting and has been widely circulated, but right now I suspect PA is trying to avoid entering administration, more than anything else. Pensana must be on a cliff edge.

[mikethebike4] 11/4/2023 11:06

From Pensana

China 'weaponising' grip on vital rare earth metals.
Beijing plots crackdown on technology crucial for modern tech.

Article by Rachel Millard and Matt Oliver, in the UK Daily Telegraph, 6th April 2023.

China has been accused of "weaponising'' its grip on the rare earth metals needed for wind turbines and electric cars amid reports it is preparing a ban on exports of key technology.

Beijing is reportedly drawing up plans to block exports of technology needed to process and magnetise the metals, raising the spectre of shortages in the West given China's dominance in the market.

Jack Richardson, an associate fellow at the Council on Geostrategy, said: "The Government should be very concerned, China has a strong position in the global economy built up since the eighties. It is seeking to corner the market in clean tech as it does in other sectors like steel. We need to join the Americans, Japanese, and others, and work together to water down China's leverage."

Paul Atherley, Chairman of UK rare earths refinery developer Pensana, said: "This represents a seismic shift from China's previous position and brings an outright export ban one step closer.''

China said they would never introduce export restrictions on rare earths after 2011. The announcement appears to be a clear warning of its willingness to weaponize its dominant position in rare earths."

Brian Menell, chairman of critical-metals investor TechMet, said: "The fact that there is a prospect of them using this weapon is very disturbing. It indicates the rise of the assertive confidence of China on the global stage and their sense that they can play these games"

Rare earths are a group of metals such as neodymium and dysprosium with used in high-tech uses, such as for making the permanent magnets that help wind turbines run.

Despite the name, the metals are abundant in the earth. China dominates the market in producing and processing them into usable products, however.

Its move to restrict technology exports comes as rival countries attempt to cut their reliance on China's supply chains, wary of any escalation of tensions over Taiwan.

Gareth Hatch, a rare earth elements expert and boss of Strategic Materials Advisory, said the restrictions threatened to hit American and European companies with specialist equipment on order from China, such as furnaces and presses used to make magnets.

He said: "It can be a nine, twelve, eighteen-month lead time when you are ordering this kind of equipment, because the companies that manufacture it don't sell thousands - they are done to order.

So if there are folks who placed their orders a while ago and the kit is on its way on a boat or in a warehouse somewhere, there's going to be some concern now. Anyone who is relying on Chinese hardware, that's going to be an issue."

A spokesman for the Department for Business and Trade said: "It's vital we have a secure supply of critical minerals for UK businesses, and that is precisely what our Critical Minerals Strategy will do.

The UK has recently signed several critical mineral agreements with key countries, including Canada and Australia, and our accession to CPTPP will help improve the resilience of our supply chains further.

The Government will continue to stand up for UK businesses, working with our friends and allies around the world on issues where our interests align.’’


For further information, please contact, CEO Tim George or Chairman Paul Atherley at [e-mail] or visit www.pensana.co.uk

[cameronrtd] 05/4/2023 09:37

Not anything to do with valuation imo I see this as volatility (noise) trading. I’m a one month time frame and with a company like Pensana that disseminates information very infrequently, you’re better playing the chart game I.e. identifying patters. I see this potentially going up for a few days. It’ll crash down at any point after maybe two weeks, but until then it’ll provide many opportunities for day traders to profit

[the millipede] 05/4/2023 09:06

Are there any details on the equity raise? Likely price? Number of shares?

Without this, what are people basing their investment on?

[mhssh] 04/4/2023 16:56

Well the way PA and his fellow punters spend money, not long. And there are a pack of hungry wolves outside the door demanding circa £9m, so the £160k is already bespoke over fifty times.

[wiseacre] 04/4/2023 15:22

Big volume again today. But the ship appears to be steadying. As the lemmings continue to jump off someone is standing in the market picking up the loose stock.

[cameronrtd] 04/4/2023 12:53

Is the company gonna pull it off? I seriously doubt it. Will the share price go up anyway? Probably. This has always been a speculative buy and those who like to gamble are definitely enjoying the ride now. With £160k they can last at least a few weeks. In that time, FOMO will take an increasing amount of space in the minds of speculators. I think buying now and selling within the month will provide a quick return. Worth a go with a small amount

[raremurph] 04/4/2023 12:17

Maybe a company will step in to buy it at a huge discount. THAT company might be worth investing in. This one is already on life support, with investors capitol on its way to money heaven.

[value viper] 04/4/2023 09:42

PA said in the summer of 2020 after the 120p placing that the main financing would be sorted by the end of that year - with 2021 being the construction year 2021 then passed with no funds raised2022 then passed with no funds raised And I'm not talking about the keep the lights on money they've squeezed out of a couple of parties en route Here we are in spring 2023 with rates through the roof, credit conditions worse and they haven't raised the money - go figure An execution disaster and no other way to put itWith the precarious state the company now in, amazed it's still at 28p

[wiseacre] 03/4/2023 21:11

The market cap has fallen to just £70 million which makes the company vulnerable to a bid given the value of of the project both upstream and downstream. Private investors have been spooked but sellers likely to regret rushing for the exit.

[anthonyspencer1] 03/4/2023 16:28

Another battering today it seems. Their attempt to calm the market seems to failed but worth a try. Don't panic I have to remind myself. ? while I'm not buying more today. I ain't selling either.

[mwj1959] 03/4/2023 13:26

I suspect the header of this BB may need to be changed!!

[raremurph] 03/4/2023 12:30

The bottom line for me, is that they have not done what they said they would do, when they said that they would do it and been very economical with the truth.This can happen and problems can and will arise, but Pensanas strategy seems to be to bury their heads in the sand, as opposed to communicating with shareholders and keeping us in the loop.

All things considered, the risk us now too high with the current economic climate and flaky management.

[mhssh] 03/4/2023 11:24

If not wipe out.

[mwj1959] 03/4/2023 11:15

Even if he manages to pull these various rabbits from the hat we're likely looking at serious equity dilution.

[wiseacre] 03/4/2023 09:59

Oh ye of little faith.

Give the guy a chance. There is a lot to go for.


The Company has been engaged with three parties to provide the required
funding; namely the previously announced US$175 million bond issue being
arranged by ABG Sundal Collier, for which the Company has received green bond
accreditation from CICERO rating agency, a $220 million strategic equity
investor which is before its investment committee and a $150 million debt
package being arranged by a South African bank.

[mhssh] 03/4/2023 09:32

I think you are very wise. I had an order on to sell 50% of my holding but greed made me cancel. They have issued a long screed this morning (sure you have read) saying how wonderful everything is, just that they forgot to say how they would pay for lunch.

[raremurph] 03/4/2023 09:11

Well, I am now a non holder, as of 10 minutes ago. Sold my entire position and took a 40% haircut. Lessons have been learned and I Will never have anything to do with Paul Atherley, and people like him again, (touch wood). I will consider it as tuition fees and move on.

[mhssh] 03/4/2023 08:47

mhssh a non-holder, is that what you're saying? I WISH.

[lewis winthorpe] 03/4/2023 08:05

Funny how non-holders care so much lol