PM8 - Pensana PLC

[Dona Ferentes]

Know this is probably going to move off ASX before long, shame I didn’t see it sooner, as wondering if it’s a LSE led price? Since the LSE price has finished roughly at $2.12c by my reckoning.

Pensana Rare Earths Plc (LSE: PRE, ASX : PM8) today announces that it has applied to the Australian Securities Exchange to remove PM8 from the official list of ASX pursuant to ASX Listing Rule 17.11 (Delisting).

PM8 will maintain its primary listing under the stock code PRE on the main board of the London Stock Exchange (LSE). PM8 expects that the Delisting will occur at the close of trade on 24 February 2021.

PM8’s CHESS Depositary Interests (CDIs) will be suspended and cease to trade on ASX at the close of trade on 19 February 2021

- as expected. Sellers not wanting the LSE holding will sell (retail).

 

[Balder]

Pensana Rare Earths Plc (LSE: PRE, ASX : PM8) today announces that it has applied to the Australian Securities Exchange to remove PM8 from the official list of ASX pursuant to ASX Listing Rule 17.11 (Delisting).

PM8 will maintain its primary listing under the stock code PRE on the main board of the London Stock Exchange (LSE). PM8 expects that the Delisting will occur at the close of trade on 24 February 2021.

PM8’s CHESS Depositary Interests (CDIs) will be suspended and cease to trade on ASX at the close of trade on 19 February 2021

- as expected . Sellers not wanting the LSE holding will sell (retail).

Sometimes you just have to put your hand up and say I got this wrong and got it wrong ? fortunately stopped out but still painful and honestly thought their would be a bigger surge in the U.K to drag this up.

Instead I ducked up, Will look to recoup in the LSE list in time as still feel it will take off again.

 

[System]

On February 18th, 2021, Pensana Rare Earths PLC changed its name to Pensana PLC.
.

 

[Balder]

Sometimes you just have to put your hand up and say I got this wrong and got it wrong ? fortunately stopped out but still painful and honestly thought their would be a bigger surge in the U.K to drag this up.

Instead I ducked up, Will look to recoup in the LSE list in time as still feel it will take off again.

Just thought I’d add despite suffering a loss on what I thought would be a sure fire surge to my yearly competition pick; the LSE listing hit the equivalent of around $3.70 early March ?

Got it right in the end, just my predicted timing was out, the Aussie market delist was needed and away it went, before near doubling. Sold some 15-20% lower ( left it on a bit too long), but wasn’t going to give it all back; even though it has been sliding since that high, it’s still around $2.70.

Bit gutting for my competition entry but just needed Aussie sales out the way before reacting to the Rare Earths momentum story. Reckon it will bounce again once they publish the business plan, which is well overdue.