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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Pensana Plc | LSE:PRE | London | Ordinary Share | GB00BKM0ZJ18 | ORD �0.001 |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 1.40 | 2.15% | 66.40 | 1,092,528 | 14:01:28 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 65.40 | 66.80 | 68.00 | 62.00 | 68.00 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Miscellaneous Metal Ores,nec | USD | USD -5.82M | USD - | - | 191.9M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 14:13:55 | O | 2,989 | 66.425 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 23/6/2025 | 12:42 | ALNC |  Pensana teams with American Resources' ReElement on rare earths |
| 23/6/2025 | 07:00 | UKREG | Pensana Plc - MOU with ReElement Technologies to develop a sustainable rare.. |
| 18/6/2025 | 11:22 | UKREG | Pensana Plc - Issue of Equity |
| 18/6/2025 | 09:17 | UKREG | Pensana Plc - Holding(s) in Company |
| 16/6/2025 | 10:56 | ALNC | Pensana shares rise as signs memorandum with Toyota Tsusho |
| 16/6/2025 | 07:00 | UKREG | Pensana Plc - MOU with Toyota Tsusho Corporation for Rare Earth Offtake |
| 13/6/2025 | 09:59 | UKREG | Pensana Plc - Holding(s) in Company |
| 10/6/2025 | 12:21 | UKREG | Pensana Plc - Grant of Share Awards |
| 10/6/2025 | 12:19 | UKREG | Pensana Plc - Issue of Equity/Total Voting Rights |
| 05/6/2025 | 11:10 | UKREG | Pensana Plc - Issue of Equity |
Pensana (PRE) Share Charts1 Year Pensana Chart |
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1 Month Pensana Chart |
Intraday Pensana Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 23/6/2025 | 10:37 | Pensana (Multi Billion Pound Business in the making) | 847 |
| 25/9/2024 | 11:43 | Pensana - Research for the intelligent | 14 |
| 20/10/2022 | 15:22 | Pansana Rare Earth PLC Angola 2020 | 1,874 |
| 03/11/2021 | 14:48 | Beware Excellance threads | - |
| 20/10/2021 | 09:04 | China floods to cut NdPr production | 4 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 13:13:56 | 66.43 | 2,989 | 1,985.44 | O |
| 13:13:13 | 66.43 | 1,491 | 990.53 | O |
| 12:55:22 | 66.19 | 75,090 | 49,702.07 | O |
| 12:46:22 | 66.72 | 298 | 198.84 | O |
| 12:41:48 | 66.80 | 1 | 0.67 | O |
| Top Posts |
|---|
Posted at 23/6/2025 09:20 by Pensana Daily Update Pensana Plc is listed in the Miscellaneous Metal Ores,nec sector of the London Stock Exchange with ticker PRE. The last closing price for Pensana was 65p.Pensana currently has 295,228,239 shares in issue. The market capitalisation of Pensana is -. This morning PRE shares opened at 68p |
Posted at 23/6/2025 10:37 by mikethebike4 Tim George, CEO of Pensana, added, “We are thrilled to begin our collaboration with ReElement. Both teams share a clear vision for establishing an efficient, scalable, and resilient supply chain for magnet-metal rare earths – critical to the U.S. and allied defense and commercial industries.This collaboration with ReElement builds on our recently announced offtake agreement for a similar tonnage of MREC with Toyota Tsusho and our plans for downstream magnet metal production in the UK and Asia. The signing of this MOU marks another important milestone in Pensana’s journey to build a globally diversified and resilient magnet metal rare earth supply chain.” - ALL LOOKS GOOD ! |
Posted at 10/6/2025 13:54 by mikethebike4 What an incentive- Share options for the employees who are going to work that much harder and more effectively for us share holders and enrich themselves and us in the process Can't be bad ! I'm obviously in favour |
Posted at 15/5/2025 12:15 by mumble1311 JakNife, the 15 million loan was from the FSDEA to Pensana, given on the proviso that it was ring fenced for the project only, ie it is a legitimate project cost for the construction of initial ground works and the construction camp, i also believe it was used as payment for the ball mll, although that will need confirming, ie it was a parent company loan pending g full finance being obtained and made physically available. Now the project has been financed. the Project will now need to reimburse Pensana out of the 25 million USD drawdown.the 24p represents the price that the time the loan agreement was put in place, The price could equally have been 19p as it was a few weeks ago, it would still have converted at 24p and still have been repaid out of the project finance facilty In short Pensana is repaying a loan to the FSDEA and Ozango can now repay a loan to Pensana |
Posted at 15/5/2025 09:43 by jaknife Mirabeau,Today's "financing" is debt at the level of the ProjectCo (Ozango Minerais SA). On the other hand the recent share sales have been done in order to finance the cash burn at the PLC level. There's no obvious way for the PLC to get cash out of the ProjectCo and, more worryingly, today they announce that the existing $15m of the existing Bridging loan is going to be converted into Pensana shares at a price of just 24p a share - so $15m of new PRE equity coming to the market. The PLC needs cash to fund its ongoing expenses and the directors seem happy to issue shares at 24p a pop. That doesn't strike me as good news for shareholders! JakNife |
Posted at 13/5/2025 12:48 by easybrent CFO sold 120k shares to lend money to corp, are they totally skint?hxxps://www.londonst |
Posted at 20/3/2025 13:12 by hedgehog 100 Quality rare earth elements projects are still seen as attractive by investors, despite the challenging investment environment globally.This is further shown by the imminent floatation of Harena Resources, at a time when resource companies have been finding it difficult to come to market. Harena Resources is floating tomorrow (i.e. Friday 21st. March), via a RTO into main-market shell company Citrus Resources (CRES):- 26/02/2025 11:47 RNS Regulatory News Citius Resources PLC Publication of a Prospectus LSE:CRES Citius Resources Plc "The Company confirms that a prospectus has been approved by the Financial Conduct Authority and published by the Company ("Prospectus") regarding the reverse takeover by Harena Resources Ltd and the Fundraising to raise gross proceeds of £1.35m. Harena Resources Ltd is an Australian domiciled company that owns 75% of the Ampasindava Rare Earths Project ("Project") located in the northwest of Madagascar. The Project has been the subject of significant exploration work including 4,470 test pits excavated and 277 holes drilled (approx. 20,000m of exploration drilling) by previous owners that has confirmed the mineral resource is an "Ionic Adsorption Clay" deposit. The Project contains a globally significant JORC Resource of 606,000t of rare earth oxides, importantly, 22% of the reported rare earth elements are those related to the manufacturing of permanent magnets that are critical to the transition to green energy. Following Re-admission, the Company plans to complete the feasibility study and environmental impact & social assessment study to further de-risk the project and move towards production. ... It is expected that Completion will take place following the annual general meeting at 10.00 a.m. on 20 March 2025 and Admission on 8.00 a.m. on 21 March 2025. A notice of annual general meeting has been announced separately. ..." Harena is the best mining sector floatation I think I have ever seen. And even the best resource sector one (i.e. including oilers too):- "Harena Resources all set to become London’s only listed ionic clay rare earths company 13:18, 26th February 2025 Alastair Ford Vox Newswire ... That JORC 2012 compliant resource estimate followed on from around US$20 million of spend on the project, undertaken by former owners. Amongst other things, work thus far completed includes 4,500 test pits and 359 drill holes. It’s also been established that negligible thorium and uranium are present in the deposit, meaning that processing with low impact salts ought to be relatively straightforward and the product saleable into the market. The plan, once Harena gets listed, is to complete feasibility studies for the development of Ampasindava. Much of the groundwork for these studies has already been done, however, and it’s already clear that the project has a great deal going for it. ... All this makes Harena stand out as a shining light amongst its peers. ... One major positive that’s already confirmed is the interest of off-takers. Last year the company announced that it had signed a non-binding termsheet with a US rare earths company for the sale and purchase of rare earths from Ampasindava. ..." |
Posted at 28/1/2025 16:01 by mumble1311 Differences between the primary market and AIM listings - Hope this helpsMain Market Minimum 25% shares in public hands Normally, 3 year trading record is required. Pre-vetting of admission documents by the UKLA or another recognised EU authority Admission takes several months Minimum market capitalisation on entry(€700K) Sliding scale admission fees: e.g. £16K, £49K, £142K respectively for £10m, £100m and £lbn market cap at issue Continuing obligations Prior shareholder approval is required for substantial acquisitions and disposals AIM No minimum shares in public hands No trading record requirement Admission documents not pre-vetted by Exchange or any listing authority Admission can be achieved within 2 weeks No minimum market capitalisation Nominated adviser required at all times Flat rate admission fee: £4K Continuing obligations No prior shareholder approval for transactions |
Posted at 08/9/2024 14:28 by mumble1311 Here are a few thoughts I've put together on Pensana, specifically, and rare earth project economics generally. Its long winded and detailed. Go and get a coffee!!Developments in the Rare Earth sector and how it impacts the Pensana Longonjo Project Recent Rare Earth pricing (September 2024) The economics of the Longonjo project and most other Rare Earth projects have been marginal over the last year due to a depressed NdPr market price. The spot price for NdPr on the SMM platform languished under $50,000 / MT until six weeks ago when it started increasing. SMM (Shanghai Metals market) printed $61,357 / MT (including VAT) yesterday, September 6th. The SMM platform is the only publication where Rare Earth prices are publicly available. The prices published are spot prices that apply to the Chinese market based on the point of delivery in China. Liquidity is such that prices are arbitrary if price discovery is used, as the price can be based on only 1 or 2 daily transactions. This isn't a criticism of SMM. The nature of the Rare Earth market is minimal compared to other extracted minerals. The price paid by buyers external to China is much higher than the published Chinese prices, but the actual prices achieved are opaque and not publicly available. In China, None-spot prices for forward delivery are determined by the two biggest producers of NdPr oxide, which are the China Rare Earth Group and the China Northern Rare Earth Group. The Chinese government consolidated these companies from 6 smaller companies in the last few years. Prices for delivery of NdPr Oxide in September increased by 4.4% compared to August, after being flat the previous three months and declining dramatically the month before. SMM Spot prices have increased by almost 25% in the same period as producers restrained supplies and held to their prices despite resistance from end users. The Pensana Ozango MREC project, Longonjo - Economics The Ozango facility at Longonjo will not produce NdPr. It will make an MREC, i.e. a Mixed rare earth carbonate. The initial design, which had a capacity of 42,000 MTs p.a., has been modified to be completed in two phases to reduce the initial capex, making financing more manageable. Phase 1 will produce 22,000 MTs of MREC annually. Phase 2 will increase the capacity to the original 42,000 MT, with much of the infrastructure required for stage 2 being incorporated into Phase 1 design and engineering to reduce future costs and lead time. The SMM platform publishes prices for many metals; those relevant to Pensana are the MREC price and NdPr Oxide price due to how SMM arrives at the prices published for MREC. SMM advises a specification for MREC, which contains a rare earth oxide content of 42.0 to 45%. The reality is that the published MREC price is calculated as 8.1% of the published NdPr oxide prices and has been fixed at this level for several years. It isn't based on a specific price discovery process. Consequently, the printed price is precisely aligned with the NdPr price. Discounts and premiums are applied by suppliers/buyers to agree on prices that depend on the actual NdPr content of the product being offered. Longonjo product is higher in NdPr content than the SMM quotation specification. Consequently, the achievable price for Longonjo MREC, with approximately 11% NdPr, should be 1/3 higher than the SMM printed price. As of September 6th, MREC was published as $4,967 / MTs, compared to $ 4,000 / MT at the end of July, a differential of almost $970 / MT at 11% NdPr content. $970 translates to an increase of $1,290 / MT as it relates to the Longonjo project economics and the published conditions of the advised loan agreement, i.e. a 7-year tenor, a principal sum of $120 million and assuming two years of the seven years is a payment moratorium during construction, a five-year amortisation period. The price increase for Longonjo products over the last six weeks represents over US$ 140 million of additional revenue over the loan's five-year amortisation period. $140 million exceeds the principal sum of the loan by over US$ 20 million. A back calculation of these sums will allow for OPEX costs, with interest rate sensitivities of between 10 and 15% applied, of between $4,200 and $4,500 / MT, and still maintain debt coverage ratio conventions of 150% (interest included) or 200% (interest excluded). Should the NdPr price increase at the Adamas forecast 8-9% CAGR from today's pricing, Longonjo Phase one revenue increase will be almost double the $140 million that the rise from the last six weeks has made possible. The forecast price increase assumes an NdPr price of approximately $85,000 / MT by 2030. Forecasts from analysis and merchants' banks forecast that the actual cost for NdPr will be more than, in some cases, considerably more than $100,000 / MT. The question is how realistic these forecasts are and whether the prices will be sustained. Opinion on current and future Rare Earth pricing The preamble to this note discusses NdPr pricing behaviour over the last few months. It has concentrated on Chinese actions and reactions due to their dominance in the industry and consequent price-setting influence. The discussion on the current viability of the Longonjo project assumes that the NdPr flat price remains flat at the current SMM Spot price of $61,000. The viability of the Longonjo project and all other rare earth projects depends on the NdPr pricing increasing substantially over the coming years and decades. The probability of this happening depends on the future Chinese policy regarding Rare Earths and critical minerals. Chinese quota increases and consequent overproduction have impacted market confidence. The overproduction has been brought about by forecasts of Electric vehicle production that have been widely overstated in the short term, with price increases in energy prices resulting from global events such as Covid, the Ukraine and Middle East wars affecting consumer confidence in the transition economy. Sales have been further impacted by the dramatic depreciation of electric cars when they come up for resale, compared to IC engine vehicles, disincentivising buyers from buying new EVs, at least in the short term. Opinions vary, but the most realistic opinion is that initially purchased EVs are now coming onto the used market. At the same time, EV production is being hyped and ramped up by manufacturers. The market for EVs is still in its infancy, and the high total availability of EVs and the still limited demand has created a significant imbalance. Excessive depreciation of EVs can be considered a teething problem, which will be resolved as the market size for EVs increases dramatically and rapidly. Governments are backpedalling from their initial policy implementation dates, but they are not, nor will they eliminate them. Unforeseen world events have generated an oversupply/demand imbalance, impacting the current NdPr pricing compared to that forecast. However, the estimates are still based on expected undersupply/demand imbalances being experienced in the future. Forecasts never align with estimated timelines due to unforeseen events that cannot be included in economic models, skewing the estimates away from the expected from the expected timelines. However, what we know strongly supports the idea that the NdPr supply gap will continue to increase unless there is a dramatic increase in the supply. The project economics over the last twelve months have ensured that the supply gap will grow, inevitably leading to higher prices. The following factors are rarely discussed, but the imbalances will not be caused purely by a general increase of demand over supply but also by individual countries' realisation that their interests are being compromised by the present rare earth pricing, which was brought about either deliberately as a reaction to East/West tensions or inadvertently due to unforeseen market conditions caused by global events. According to the US Geological Survey, the Earth's estimated rare earth reserves are equal to 110 million tons. Of this, 44 million MTs are estimated to be in China. From 2022 to 2023, global Total Rare-Earth mine production increased by 17% from 300,000 MTs to 350,000 MTs. China accounted for 210,000 MTs of the 300,000 MTs (70%) in 2022 and 240,000 MTs of the 350,000 MTs in 2023, a slightly reduced percentage at 68.5%. The differential is made up by increased supply from Canada, whose production increased from 12,000 MTs to 38,000 MTs in the same period. These numbers show dramatic growth in TREO production, albeit overdone in 2023/24. This year's pricing lows and the impact they are having on the whole industry, especially Chinese producers, and how this may negatively affect their Chinese strategic interests have been recognised by the Chinese government. Prompted by numerous Chinese entities declaring dramatically reduced profits and, in many cases, huge losses, such as those highlighted in an article in the Nikkei Asia in July this year “Rising Non-ferrous Metals”, a Shanghai-listed rare earth miner, declared a net loss of 285 million yuan for the first six months of this year. The decline in profits was due to a "drastic slide in sales prices of its major rare-earth products." China Rare Earths is expecting a net loss of approximately 240 million Yuan, compared to a previous profit of 170 million. The company blames falling prices, which also sapped its inventory values. Shenge Resource Holdings, backed by the Chinese finance ministry, has embarked on an overseas acquisition spree, acquiring Strandline Resources and 50% of Peak Resources to monopolise Tanzanian Rare Earth resources. However, Shange's interim results show a loss of 50-60 million yuan compared to over 80 million profit a year ago. Shenge stated that despite increasing sales volumes, the "Substantial decline" of rare earth prices dragged its performance downwards. Recognising the current situation's danger, the Chinese government have stated that "the state will take control of rare-earth resources to ensure national resource security and industrial security.". Also, it said that "Those who manage rare-earth resources "shall implement the lines, principles, policies, decisions and arrangements of the Party and the State," this directive effectively puts the Chinese Rare Earth industry under state control. This policy will be enforced starting October 1st, 2024. From the writer's perspective, It doesn't make sense for China to produce 70% of the world's rare earth requirement at uneconomic prices when it only owns 40% of the reserves. The rest of the world will leave their rare earth reserves in the ground, waiting for the Chinese reserves to deplete. As a short-term Geo-political strategy, it may be beneficial to China. If maintained over the long term, China's reserves will deplete when its internal demand grows, eventually becoming a net importer rather than an exporter, a price taker instead of a price maker. Conclusion Markets are being markets, but all the evidence points to the demand for NdPr increasing far more than the projected increase current production will accommodate in the short to medium term. The above provides a strong case for advancing the financing of the Pensana Longonjo project. While previous concerns over depressed NdPr prices may have caused hesitation, the recent 25% price recovery has significantly improved the project's economic outlook. The increase in product pricing over the last six weeks will generate over USD 140 million in additional revenue, exceeding the loan principal of USD 120 million and providing a solid buffer for debt servicing and operational costs. The project's long-term revenue prospects remain strong, with forecasts pointing to continued minimum NdPr price growth of 8-9% annually. Additionally, China's increasing control over rare earths and the tightening supply further enhance the project's strategic value. Considering these developments, the project's economic foundation appears solid, offering a favourable environment for moving the financing process forward. Author: Ian Brown September 2024 |
Posted at 25/1/2024 12:03 by mwj1959 mhssh - not sure that title is warranted! I (fortunately) sold out of most of my holding north of £2, so have limited skin in the game now. PA won't have abandoned this (they've just delivered a corporate update)as he is likely to have far more upside here, given his very large holding (38%), than he will have in PRE, albeit PRE (at least the Longonjo part of it) is a more advanced project than ALK. A dilutive share placing at £1, weak lithium prices and the lack of definitive news on raising the significant capital to develop TVL have all weighed on the ALK share price in the meantime. It's stating the obvious, but delivering on the latter, as with all development projects (the same applies to PRE), will be key to generating a recovery in the share price from here. This is why I continue to see an investment in ALK (and PRE to be honest) as long-dated option money. Both are for the brave and patient. |
Posted at 25/11/2022 17:26 by mikethebike4 I get the impression from the list of share dealings today that PRE share price is being manipulated |
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