Share Name Share Symbol Market Type Share ISIN Share Description
Pensana Rare Earths Plc LSE:PRE London Ordinary Share GB00BKM0ZJ18 ORD �0.001
  Price Change % Change Share Price Shares Traded Last Trade
  1.70 2.37% 73.50 216,256 16:35:25
Bid Price Offer Price High Price Low Price Open Price
72.00 75.00 75.00 71.00 73.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Alternative Energy 139
Last Trade Time Trade Type Trade Size Trade Price Currency
16:29:17 O 15,452 72.30 GBX

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Pensana Rare Earths Daily Update: Pensana Rare Earths Plc is listed in the Alternative Energy sector of the London Stock Exchange with ticker PRE. The last closing price for Pensana Rare Earths was 71.80p.
Pensana Rare Earths Plc has a 4 week average price of 58.50p and a 12 week average price of 41p.
The 1 year high share price is 93.90p while the 1 year low share price is currently 17.50p.
There are currently 189,595,822 shares in issue and the average daily traded volume is 355,255 shares. The market capitalisation of Pensana Rare Earths Plc is £139,352,929.17.
herlat1: YUMYUM you keep banging on about an equity raise. What do you think the PRE share price would go up to if Pensana didn’t do an equity raise and was funded another way?
chinasyndrome: Might I suggest that the first thing that everybody does today is to checkout the price of NdPr in China overnight. hxxps:// NdPr Oxide jumped around 12% and is now US$67,750/t !!!! Looking at the sizes of today's ASX trades, it was apparent that one or two "Mum & Dad" investors are panicking, can't blame them as they do not understand why the Share-price has dropped so far and fast. In one word the reason is "Manipulation" There is NO fundamental reason for this retraction, ALL of the metrics behind Longonjo are still as good as they were three months ago, In fact there is plenty of evidence that they have improved considerably. Our BOD has dropped more than sufficient "Hints" that they intend to proceed with a Processing plant in the UK and that their Scientists have come up with a Revolutionary process that will greatly enhance the extraction of NdPr from the Ore. Further this "Process" will not only be more efficient but it will also be simpler and cheaper and if I have guessed correctly it will enable the Longonjo plant to be built a lot quicker than originally stated. Yes we have to wait for the "Patents" before details can be released but again I suspect the wait will be well worth it. The Pre Feasibility Study used Roskill's price projections for NdPr to calculate the financial returns under three scenarios, Low, Base and High, Those predictions have the prices of NdPr at Low US$58,000, Base US$70,000 and High US$82,500 /t by END of 2020. Monday's prices for Nd US$82,700 and Pr US$72,850/t on the New York Exchange would indicate that we are well ahead of the High projection. Now whether or not these price rises are in response to China's threatened Embargo or just simply growth in Demand beginning to take effect, the fact is that Demand must grow sooner rather than later to produce all those EV's and Wind Turbines already being planned, and that China has now realized it has control of RE prices for at least the next five years ~ play both cards at once and REE Prices will become Astronomical ! So the question is why the "Manipulation" ? Broker Greed, Geo-political Shenanigans, Existing producer trying to kill off Competition, Luddites (Big Oil, Saudi/US) trying to delay the inevitable; Or any combination of similar vested interest. What matters is that they are Trying, and not just with Pensana, almost every other wannabee RE explorer is being hammered at a time they should be soaring; Pensana is suffering the worst because it is possibly at the head of the Pack and will potentially be the biggest producer of NdPr for several years to come. Whatever their reason, take heart that somebody is so interested in Pensana and its Rare Earths as to spend a lot of money in attacking our SP/ an effort to derail Longonjo. Our Grandchildren deserve to inherit a World that they can live in, the "Green Revolution" goes a long way to achieving that, so please think twice before letting a bunch of paid Trolls panic you into selling your shares.
herlat1: Good try YUM YUM! Pretending to have bought stock and now raising concerns again about an imminent capital raise and further delays. Maybe you are right time will tell however it must be frustrating for you watching PRE's share price appreciation whilst your favourite stocks languish?
rvsy2: swanvesta I will attempt to answer your question on the trend between PEA, PFS and DFS ( I prefer to use the term BFS rather than DFS as BFS signifies the document satisfies the requirements of financing institutions). Capital and operating cost estimates are prepared as a mining project progresses in stages from an initial concept through preliminary economic assessment, pre feaaibility study, bankeable feasibiity study and on into into implementation. The project definition i.e. mineral resource, mining method / plan, process flowsheet, infrastructure needs(power, water supply, transportation etc )improves as the project advances from concept to implementation thru geological and mining studies, metallurgical testwork, more detailed engineering design, quotations from equipment suppliers and construction contractors. As the project progresses thru the various stages the accuracy level of the cost estimates is improved. Organisations such as Wood Group are familiar with the project definition and accuracy levels of cost estimates required by financial institutions and work to industry norms. Pensana's pre feasibility study stated that the cost estimates were prepared in accordance with AACE document 18R-97 which details what work is required as projects move from concept to implementation. I suggest that you look at this informative document. You ask "Do projects tend to come in on time and budget ? " Projects will not come in on time or budget if there are incompletely defined and/ or signifcant changes are made during implementation. Hope above helps.
chinasyndrome: Hi Scaramonga, I commend your enthusiasm but I am a little doubtful on several of those numbers: My own (Conservative ?)calculations come up with slightly different outcome: What is apparent is that if Demand/Price do what we are expecting then doubling the mining rate should double Profit/SP ! From the very first day I looked at Longonjo back in 2017, when the target was 1Mt TREO @ 20% NdPr; I really had very little problem in determining it's potential value: 200,000 t of NdPr at a substantially discounted $25,000/t = US$5B (forget about the By-products at this stage) Assume a 50% loss in the mining & processing with a Refinery discount of 50% and another US$250M in Expenses and the Project was still worth around US$1B which then worked out at around US$1 per share back then when the share price was Au$0.016-0,02 per share !!! A complete no Brainer, so I started buying Three years down the track and after much drilling, we are now looking at at least twice the Ore resource, (still with plenty of upside). We are now looking at a Process path that will probably recover around 90% of the "value" products to a marketable MREC And we are now considering In-house up-stream processing to achieve 90% return from that MREC The current price of NdPr is (US$50,000/t) double my original allowance; and looks to be rising almost daily And we now have around 200M shares issued So instead of US$5B we now have US$20B which after our own "In-house"processing will have a value of ~ US$16.2B Which is a silly number as it will take 20 years to mine out that part of the Resource ~ so I cut it by a factor of 2 (bring back to 10yr) Now deduct Mining ($200M), Processing ($2B) CAPEX ($1B), and Financial charges ($200M), Taxes ($1B), all taken over ten years leaves US$3.5B profit, deduct 15% for Partner and we are left with Company profit of around US$3B ie US$15 per share Now admittedly, all of my calculations and estimates are "back of the hand" and could be way out, but given that there is still a huge amount of Up-side potential in: Resource (Coola & Depth), NdPr Price + By products, Government assistance (UK, Angolan) and the lowest cash rates we have seen in over 50 years ! I think I am not too far off the mark ? IMO By the time you DCF that US$15 back to a NPV it should equate to a share price of around Au$10-15 per share, And if you take it out to 20 yers using a 5% cash rate, I get Au$20-25 SP Which is why nobody is getting any of my shares at least until they reach at least $10 The greatest risk when Investing in a mining project is to Ignore the Fundamentals !
chinasyndrome: Cyberbub, as you pointed out a little earlier, the higher the share price the less the dilution will be. If you consider 80p to be your mark, then think how much better it will be next year after the BFS and the Company has announced the commencement of Construction ? If the current trajectory of the share price continues PRE could be well over the magic Pound or even two by Easter.
chinasyndrome: The lead Story on Morley Fool today: Here’s why the Pensana Metals (ASX:PM8) share price, up 761% in 2020, edged higher today Bernd Struben | October 19, 2020 5:54pm | More on: PM8 nickel share price represented by golden dollar sign rocketing out from white domesImage source: Getty Images Rare earth minerals explorer and mine developer Pensana Metals Ltd‘s (ASX: PM8) share price gained 1.6% today to close at $1.55 per share. This comes following the company’s update this morning on exploration activities at its new Coola Project in Angola. Today’s 1.6% gains are roughly double the performance of the All Ordinaries Index (ASX: XAO), which closed up 0.8% for the day. But the Pensana Metal’s share price has done far more than return double the index’s gains in 2020. Year-to-date the company’s share price is up a staggering 761%. And those gains come despite shares falling by 48% from 24 February through to 24 March during the COVID-inspired market selloff. In case you’re wondering, if you’d picked up some shares on 24 February, today you’d be sitting on gains of 1,192%. What did Pensana announce to keep its share price moving higher? This morning Pensana announced that it had commenced initial field tests at its new Coola Project – 16 kilometres north of its advanced stage Longonjo Project. The company is testing defined prospective targets for a range of heavy rare earths, light rare earths, scandium, niobium, tantalum, hafnium and fluorspar. (Don’t worry, I had to look a few of those up myself!) The European Commission has listed these commodities as critical. And Pensana believes Coola will complement the future production of magnet metal raw materials from Longonjo. The first assay results from early reconnaissance work confirm rare earth mineralisation in rocks and soils top 2.99% rare earth oxides. The company also reported locating outcropping fluorspar mineralisation, stating this is of direct interest as well as being a positive sign for the presence of additional technology metals. What Pensana’s Chief Operating Officer said Commenting on the updated results, Dave Hammond, Pensana’s Chief Operating Officer said: The early reconnaissance sampling results are a great start in already confirming the Coola complex as a fertile mineralised system… Systematic sampling of the 6 kilometre by 2.5 kilometre complex has now been completed and samples despatched for assay. Exploration programs are currently in progress over 2 other prospective alkaline-carbonatite geological systems together with stream sediment sampling and geological reconnaissance of key geophysical anomalies. We look forward to reporting further results from this exciting new exploration region on Longonjo’s doorstep. With 2020’s share price gains of 761% in mind, Hammond surely isn’t the only one looking forward to the next set of results.
millwallfan: Very interesting interviews in terms of macro uses and likely future demand growth for R.E.M.'s. Looking at the price forecasts as well it looks like the mine might be producing just in time for the projected spike from the low -$40k per metric tonne as it heads towards the mid $70k. Do we have any indication of the aisc for the mine when operational which we could then multiply the estimated annual production by a prudent average of $50k per tonne to give a ballpark gross profit pa to then give a general indication of the potential share price in say 2-3 years time . I accept there may be capital costs and some dilution but would welcome more learned posters views of the potential share price range assuming other things being equal plus a stab at a best case scenario. I am interested from a personal perspective as I will need to liquidate about 25% of my portfolio of some 18 shares over the next 18 months and choosing which and the timing thereof will be critical to my retirement financial health. Thanks in advance for informed views. FYI my major shareholdings are lloy, tw, srb, jlp, gfm plus smaller holdings of agl Nano ggp and pre so quite diverse
rvsy2: The London listing prospectus showed a project payback of 13 months for the project base case. With a capex of US$ 200 million this implies a pre tax revenue of US$ 185 million per annum ( £ 148 million per annum). Assume that US $ 30 million ( £ 24 million ) equity has to be raised by a share placing during 2021. At a share price of 40p this means issuing 80 million shares giving a total of 250 million shares in issue. With pre tax earnings of £ 148 million per annum this results in an earnings per share of around 60p. At a p/e ratio of 10 this would imply a potential share price of around 600p. The above analysis is simplistic as it has ignored interest payments and tax but in my opinion it demonstrates that the project is very robust and is a potential 10 - 20 bagger.
hazl: Pensana Rare Earths Share News (PRE) 2 Buy Sell Share Name Share Symbol Market Type Share ISIN Share Description Pensana Rare Earths Plc LSE:PRE London Ordinary Share GB00BKM0ZJ18 ORD �0.001 Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade 0.00 0.0% 21.50 21.00 22.00 0.00 0.00 0.00 0.00 01:00:00 Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m) Alternative Energy - - - - 40 Print Alert Pensana Rare Earths PLC EPCF Heads of Agreement for Longonjo Project 20/07/2020 7:00am UK Regulatory (RNS & others) Pensana Rare Earths (LSE:PRE) Intraday Stock Chart Monday 20 July 2020 Click Here for more Pensana Rare Earths Charts. TIDMPRE RNS Number : 4164T Pensana Rare Earths PLC 20 July 2020 20 July 2020 Pensana Rare Earths Plc EPCF Heads of Agreement for Longonjo Project Pensana Rare Earths Plc (LSE:PRE ; ASX:PM8) (the " Company " ) is pleased to announce that it has entered into a heads of agreement with China Great Wall Industry Corporation ( " CGWIC " ) for the purposes of co-operating together for the Company ' s rare earths Longonjo Project in Angola. CGWIC is a company with expertise and experience in international engineering which is actively engaged in a range of engineering projects in Africa. The Company intends to proceed with an engineering, procurement, construction and financing ( " EPCF " ) model for the development of its Longonjo Project to ensure that the design and construction of the processing plant and associated infrastructure is funded through a single arrangement. The heads of agreement establishes the framework for the Company and CGWIC to work together to negotiate and engage in discussions for CGWIC to be engaged as the contractor for the purposes of the engineering, procurement and construction works for the Longonjo Project and for the Company to procure financing for these project works. The heads of agreement contemplates that the Company will seek the proposed debt financing component of the EPCF to be obtained from commercial banks in China with credit insurance from SINOSURE. The Company will seek to obtain such finance on the following indicative terms: -- debt funding to cover no more than 85% of project development costs (Company to be responsible for funding the remainder); and -- the term of the facility will depend on the particular terms from commercial banks and the life cycle of the project, but is not expected to exceed 8-10 years. Pensana Chairman Paul Atherley commented: "We are delighted to enter into this heads of agreement with CGWIC. With Angolan Presidential approval and backing from the Angola sovereign wealth fund, Pensana is rapidly developing Longonjo as the first major rare earths mine to be brought online in over a decade to help meet the rapidly growing demand for the magnet metals critical for electric vehicles and offshore wind turbines and a range of other applications important for the transition towards a green economy. CGWIC brings to the project a successful track record in major project development in Angola and funding from China. We are very much looking forward to working harmoniously with CGWIC and achieving important outcomes for Angola, CGWIC and Pensan
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