Pensana Rare Earth ehem. Pensana Metals - Der neue Kursmagnet! (Seite 21)

[ESRA900]

Antwort auf Beitrag Nr.: 69.335.437 von Archaon am 15.09.21 18:21:25

ANTWORT VON Paul zum Thema radionuclides

In short we have all the necessary approvals for the mining and tailings storage and again radionuclides are not an issue for either us or the relevant authorities.



The reason you are hearing about radionuclides is that they are an issue for other producers and project developers.



Kind regards



Paul

[Archaon]

Antwort auf Beitrag Nr.: 69.335.263 von ESRA900 am 15.09.21 18:11:26

... zu denen Pensana bis heute keine befriedigende Antwort geliefert hat!

Das Verhältnis NdPr zu Thorium ist schlichtweg ein Genickbrecher, wenn das so stimmt. Pensana hätte dann grob die zehnfache Menge an radioaktivem Müll wie z.B. Mount Weld. Die müssten jährlich mit knapp 1500 tonnen Thoriumoxid fertig werden (vs. knapp 150 tonnen die Lynas handelt). Genau das ist der Grund, wieso Pensana in der EU dafür keine Finanzierung bekommen wird und nun nach anderen Wegen sucht die story möglichst lange aufrecht zu erhalten. Das "ESG" ist auch plötzlich von der homepage verschwunden. Für mich sind das handfeste Beweise, dass das Management diese Thematik verstecken möchte und genau weiß wie fatal es ist auf dieser Grundlage jemals in Produktion gehen zu können. Für mich ist das wie gesagt kein Investment mehr, sondern nur noch ein kleiner Finger den ich drin gelassen haben, falls es doch anders kommt, wie ich befürchte oder das Management doch noch einen push nach oben hinbekommt (es gibt genug Blinde die nicht so genau recherchieren).

[ESRA900]

Ok
Das sind alles alte Beiträge....

[Archaon]

Ich habe den Rare Earth Observer per Newsletter abonniert und habe es aus meinen Mails kopiert. Über die Suchfunktion findet man aber auch die alten Beiträge (unter den Links jeweils per "Strg+f" nach Pensana suchen, dann landet man beim jeweiligen Beitrag zu Pensana.

https://treo.substack.com/p/pensana-acknowledge-radioactive-…
https://treo.substack.com/p/shenghe-focus-on-dominating-chin…
https://treo.substack.com/p/china-re-imports-from-myanmar-jr

[ESRA900]

Antwort auf Beitrag Nr.: 69.330.163 von Archaon am 15.09.21 11:48:54

Auf welche Bewise fundieren diese Aussagen?
Kannst du den Link schicken.

[blue-moon]

Viel Glück allen, bin dann mal weg.

[prallhans]

Antwort auf Beitrag Nr.: 69.333.670 von Aktiengeier_1 am 15.09.21 16:25:50

Wäre besser die Indikatoren gäben es her

[Aktiengeier_1]

Pensana wird langsam eine Nervensäge..........wie schon öfters gesagt der Newsflow zur
Kurspflege fehlt. Natürlich braucht die Finanzierung Zeit, aber mit einigen News welche nicht mal total aussagekräftig könnte man den Kurs helfen.

Ich hoffe das Tief vom Februar 2021 hält (rote Linie bei 76,22).

https://www.tradesignalonline.com/ext/edt.ashx/wo/56D27E69-0…

[Archaon]

Der Rare Earth Observer geht wohl fest davon aus, dass die Manager von Pensana Verbrecher sind. Seit Anfang des Jahres tragen sie jedenfalls Argumente gegen Pensana zusammen. Was mich beunruhigt: Das Management steht in Kontakt mit denen und liefert KEINE einzigen Gegenargumente gegen Vorwürfe wie die viel zu hohen Thorium-Gehalte, die fehlerhaften Berechnungen der Finanzen, die fragwürdige Art der Finanzierung, etc. Es gibt nur völlig inhaltslose Antworten, welche die berechtigten Einwände und Fragen ignorieren/umgehen und das seit Monaten. Offenbar stellen die Thorium-Gehalte wirklich einen massiven Roadblock dar! Ich habe daher mitlerweile 95% meiner Anteile verkauft bis die Sache geklärt ist.


Hier einmal angefügt der letzte Bericht:

The Tiring Pensana

Pensana suggested ill intent on our part and that we would be investing against them.

Baring relevant disclosure from the company, whether it concerns feasibility, ESG planning, resource data, or anything else for that matter, the company must accept scrutiny and that public available open-source data form the narrative about Pensana.

And based on that narrative, as far as we are concerned, there is no single aspect to suggest that Pensana should be an investment case.

Consequently, we never have considered and never will consider an investment in Pensana, long or short.
Pensana’s ESG Take Backseat?

That is not to say, that Pensana don’t have an ESG policy anymore

The link to Pensana’s actual ESG policy contents, before and after, remains at a less prominent location of the company’s web presence.
Pensana Bond Financing

Now Pensana target bond financing for US$250 mio over 5 years:
Update on site development, Financing and Investor Webinar

Pensana has engaged ABG Sundal Collier (ABGSC), a leading Nordic investment bank headquartered in Oslo, Norway, to progress the debt financing.

The envisaged senior debt facilities under discussion comprise a senior secured first lien facility amount of up to US$250 million over a five-year term.

ABGSC will be initiating their detailed due diligence review shortly and will look to be in a position to target a bond issuance during Q4 2021 once FEED and site preparation is complete.

A reader and valuable contributor of our humble blog, who has knowledge of this particular market, comments:

The Norwegian bond market is for cowboys, anything goes.

It is tiring, but lets sum it up:

Pensana’s Longonjo project is located in Angola;

Angola is No. 142 on Transparency International’s 2020 Corruption Perception Index of 180 countries, an improvement of 4 over 2019, nonetheless, somewhat closer to the bottom than to the top;

The main shareholder of Pensana is “ASF Africa Mining LLP”, the wealth management fund of the national Fundo Soberano de Angola (FSDEA). As we reported on October 20, 2020, ASF was previously known as “Quantum Global”, allegedly the money laundering machine of Angola’s previous president Dos Santos;

There is no indication, that Angola so far has lived up to its commitments under the Protocol Additional to the Agreement between the Republic of Angola and the International Atomic Energy Agency for the Application of Safeguards in Connection with the Treaty on the Non-Proliferation of Nuclear Weapons;

This is relevant, because Pensana’s Longonjo, as per public available data, could be a “hot deposit” with high levels of radioactive thorium;

In its former incarnation “Rift Valley Resources” Pensana released some preliminary data on the thorium and uranium contents of Longonjo, which indicate that the quantity limits for thorium under a.m. IAEA protocol could be exceeded by as much as 50 times each year, should Longonjo ever go into production in accordance with the quantities Pensana plan;

Pensana steadfastly ignore repeated requests to release relevant thorium and uranium data from the analysis of the Longonjo drill core samples, all of which have been tested for thorium and uranium contents;

Pensana are adament, that they will ship only raw material to the Yorkshire refinery, that will contain no radionuclides, refering to technology developed by Wood Group. This suggests, that the thorium concentrate should remain in Angola;

That could be a problem, as in terms of nuclear proliferation a large stock of thorium concentrate is just that, a problem; (Up until the early 1960s the USSR based its nuclear weapons technology on thorium. Nowadays the relevant know-how is available on the internet. That is, why IAEA are to police such materials);

Pensana ignore requests to disclose, how Wood Group would achieve the 100% removal of radionuclides from the Longonjo resource and what the impact of that process could be on the rare earth content;

Relevant reseach suggests, that agressive removal of thorium from a rare earth resource, broadly similar and within the range of Longonjo’s, may lower TREO content by ~80%, while removing ~90% of thorium, not 100%;

The feasibility study is kept under lock, contents of which could give an indication, what should be the solution to the radioactive waste problem, what it costs and what is the ESG planning under Pensana’s uncompromising ESG policy;

Instead of contents of the feasibility study, Pensana offered investors a “financial summary”, which does not hold water, when compared to the published data of Pensana’s preliminary feasibility study, while certainly more concrete contents of the bankable feasibility study remain unreleased;

The commercial impact of the Angolan 25% tax on revenue as well as royalty of 2% kicking in after year 2 of operation on Pensana’s feasibility has also not been discussed or disclosed separately, but is surely contained in the undisclosed details of the bankable feasibility study.

So, where does the Norwegian “cowboy market” come in?
EU Regulation

By law, EU Regulation 2019/2088, applicable since March 10, 2021, the EU compels professional investors and financial advisors to disclose, in quite some detail, how the risks of negative environmental, social and governance (ESG) impacts may affect the value of the investment.

Suppose an entirely fictional someone would want to avoid such scrutiny, he would probably look for financing from “cowboy markets”, as long as EU-affiliated nations governing such markets haven’t adopted contents the EU Regulation 2019/2088 for their own regulations.

Of course, Pensana’s post-EU regulation announced bond finance intention in the Norwegian market is purely coincidental and serves exclusively to take advantage of a particularly vibrant bond market outside EU jurisdiction.

[BReal]

Puuuh, das ist schon harter Tobak. Das einzige, was mich jetzt noch davon abhält, anzunehmen, dass hier ein Scharlatan am Werke ist, sind die Namen Wood und Angolan Wealth Funds. Entweder ist das eine geniale Kiste, die alle positiv überraschen wird, oder es kommt irgendwann zur Implosion. Eine DFS einfach so auszulassen ist bestenfalls unkonventionell.