Rainbow Rare Earths Share Discussion Threads

[mogbear] 29/8/2018 09:20

Hi, that opinion or is this common knowledge that there is a raise @ 12.5p?

[shareideas1] 29/8/2018 08:47

But big raise at 12.5p probably creates a bit of a psychological ceiling absent any positive new news

[bizz2bizz] 29/8/2018 08:39

Sell in May, come back at St Ledgers day syndrome. All will be back to proper levels at 17p -20p come October.

[daim1] 20/8/2018 16:40

Well I'm tempted to bail out of this crock too!

Good luck to all who stay.

[napoleon 14th] 25/7/2018 17:53

IMO that's not as important as the supposed sale price / Kg of condensate.

What this is supposed to be is in the header:
"Indicative forecasts: 5000t/a initial production capability, ~ $10k/t basket price, concentrate discounted to Thyssenkrupp over 10 year deal,
$810/t op costs, $280/t transport costs."

Instead we have the following from the RNS:

Realised sales price achieved (US$ per tonne) 2,229
Production cost (US$ per tonne exported) 2,534

My worry is that price per tonne guarantees RBW makes a loss.
Fings ain't wot they're s'posed to be....................yet.
I haven't sold any.......................................yet.

[magicmayhem] 24/7/2018 11:05

If they hit 6000tpa next year does it all go to thyssenkrupp or can the extra 1000tpa go somewhere else.

[dplewis1] 24/7/2018 11:03

Sorry lads I have bailed out this morning, just all seems a bit too far off for my liking. This does mean that the share price can now rocket as it usually does when I sell..!

[napoleon 14th] 24/7/2018 10:47

Not impressed either. Still a world away from the prospects described a year ago.

[podgyted] 24/7/2018 09:59

Arden reduce TP to 16p. 2018 forecast $1m sales and loss of $4m.

[dplewis1] 24/7/2018 08:23

Renegotiating the contract with Thyssen would be a start, they must laugh every time they look at the discount they're getting.

[cestnous] 24/7/2018 08:13

Realised sale price per ton 2229
Production cost per ton exported 2534
Cost of sales per ton sold 517
Doesn’t look good to me.

[chrismisson555] 24/7/2018 08:04

Going to take a lot of work to become profitable

[podgyted] 24/7/2018 08:02

That looks like revenue for the year of $1m compared to forecast of $3m. (Plus loss compared to profit)

Am I right?

[runthejoules] 24/7/2018 07:45

I don't think things are as bad looking forward as the huge price drop seems to imply. SOunds like they're not doing too bad for a junior miner. Good to have xplanations of the delays and fears which are done for now. Rome wasn't built in a day. Looking forward, prospects are still very good. Who knows who might put in a low-ball bid?

[multibagger] 24/7/2018 07:43

On first read, I was not too impressed either - but need to read it again.

[dplewis1] 24/7/2018 07:09

Production not as high as expected and sales price down slightly.. Not sure about anyone else but doesn't sound too fantastic to me.

[bo doodak] 13/7/2018 21:43

Good stuff, was starting to hope I'd gotten a complimentary subscription!

[shakeypremis] 13/7/2018 20:40

Bo, managed to read it, just had to reload the link and then presented with a box I could close rather that a 'you must subscribe to read' notice.

[shakeypremis] 13/7/2018 20:30

Why are they talking of diversifying now? They haven't really demonstrated that Burundi is profitable (yet). Where are they going to get the money for another project somewhere else? They might need to raise to keep the operation in Burundi going.

[shakeypremis] 13/7/2018 20:28

Bo Doodak, no option for me to close anything.It definitely says only for subscribers.

[bo doodak] 13/7/2018 17:30

My worry, perhaps unwarranted, is why the company feels the need to diversify now, probably away from Burundi

The share price is just drifting at present so not too worried at present

[mp79] 13/7/2018 17:19

absolutely, there is some directional change this time from Martin it seems. So indeed they are looking to expand (perhaps troubled tantalus in madagascar where Thyssen has similar interest ? - a wild guess).

This team of Adonis has already delivered production in first year of listing. So it is a flying start (except the SP!)

Downstream was always on cards but in longer term plan. I guess they realised in 6 months that 70%+ discount is eroding the profit so as soon as we move to downstream its better. But then, it needs some money (i.e. loan or going to market again).

[bo doodak] 13/7/2018 17:01

Just click to close the box, and you can read it.

Don't recall Eales ever mentioning the ''company regularly reviews other investment opportunities in Burundi and across Africa'' before.

Subtle changes? - investigation of renewed focus on moving downstream