Pensana Share Discussion Threads

[babbler] 28/4/2023 10:23

Funding requirements were known that's what made it fall.

[apfindley] 28/4/2023 10:04

Not exactly great news is it.They're not investing 10m free cash.That will be 10m quids worth of equity dilution to shareholders.Which also begs the question why do they urgently need that money, if not to put towards the already mention debts.Looks grim really as those 2 entities will likely try to shaft shareholders and want to take the business private .Wait and see.

[mhssh] 28/4/2023 09:59

By their own admission, they have debts of £10m. With every share placement we are already being diluted, never mind the dilution that will come when they make a big issue of new shares likely after they secure funding. We will have to cough up a lot more money or take dilution on the nose. Of course this £10m is a big positive, I was sure that they would announce that the administrators had been called in this w/e. Instead, the dance goes on the music has not stopped. But still looks like a long slog with any funding being very expensive.

[cameronrtd] 28/4/2023 09:38

At the very least, it’ll have plenty of funding to get it through the next year, which should have it trading at 60p where it was when it was considered a speculative investment

[cameronrtd] 28/4/2023 09:30

I’m generally very skeptical of pensana, given that they’ve been saying they were gonna get funding soon for about 3 years now, but after G&M investing more at a time when Pensana looked to be drawing its last breath indicates that they know something good is coming. I’m daring to say that I think they might have ACTUALLY got the funding. I’m expecting some significant shareholder dilution, but there’s still gonna be huge gains to shareholders if they hold for two years (assuming they secured the funding)

[maverick247] 28/4/2023 09:01

Multibagger now funding sorted imo

[mhssh] 21/4/2023 23:21

I am not familiar with CL, but I know it does not help PRE. ALK seems in better shape but, alas, I have no shares.

[mikethebike4] 21/4/2023 12:52

One saving grave is we are not in Cleantech Lithium and being messed up with politics in South America

[mhssh] 14/4/2023 14:18

It must be close to decision time for PRE, either they have raised some sticking plaster funds for the payroll (most other things have a habit of not forcing closure), or its admin time (the £200k must be almost gone).

[dumbpunter] 14/4/2023 13:21

The government assessment was its worth bunging £5m if commercial lenders would back it.
The fact is the plant is 5 years away, too late for the EU deadline. Importing NdPr from Australia would equally satisfy the UK content requirements as would importing magnets for motors. There are hardly any magnet manufacturers in the UK either.
Funding a battery gigafactory is far more important.

[mikethebike4] 12/4/2023 12:52

Don't you believe it - if politicians can lay their hands on 100 £Billion on a whim like HS2 why not only half a £billion for a worthwhile project like Saltend ?

[mwj1959] 12/4/2023 12:25

That might have worked 18 - 24 months ago when credit conditions were very easy, but against the much tougher backdrop today spin won't get you very far. I agree that politicians could have done more, but laying a lot of the blame at their feet is probably taking it too far.

[dumbpunter] 12/4/2023 10:01

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 08:24

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 18:56

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

[mhssh] 11/4/2023 12:29

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 12:06

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 10:37

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 10:06

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 17:56

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 16:22

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 13:53

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