Rainbow Rare Earths Share Discussion Threads

[johny cash] 13/10/2020 12:42

I say that with a supportive bias. I'm in at these levels for the duration of ride.

[glasswala] 13/10/2020 12:26

Yes but everyone knew that this was going to be the case and that a fund raise will be needed in the not so distant future

[johny cash] 13/10/2020 12:20

Great news about whats in the ground. Of course funding is the flashing red beacon.

[odsjp] 08/10/2020 16:30

RBW down 7.8% today and PRE up 13% on no news. Looks like I will need to change my investing strategy from contrarian to momentum.

[livewireplus] 08/10/2020 09:53

Indeed ... put the shares in a draw and wait ... look how long it took before EUA went ballistic ... patience is a virtue :-) However in the Rainbow situation I think it may well be less than the two years you mention before we are suitably rewarded ..

[odsjp] 08/10/2020 09:39

I don't get it. I would have expected the share to at least triple from its current share price. I think the board really need to do more on the investor roadshow front as this should be a compelling story. They are looking for an initial focus on 5,000 tonnes of rare earth concentrate. They have mentioned before that 20% of that is NdPr which accounts for around 85% of revenue. So that is 1,000 tonnes of NdPr at 50,000 USD/tonne so would be revenue of approx $50M/year. Each electric car needs 1Kg of NdPr and a wind turbine 3/4 tonne of NdPr. VW would alone need its own rare earth mine to produce the expected number of Id3 car in the next 30 years. It is estimated that the basket price of NdPr will double and triple in the coming years as there is an increasing demand and limited supply of these minerals. If RBW get to 20,000 tonnes a year with 20% being NdPr then that is 4,000 tonnes and lets look on the bright side that the NdPr basket price triples to $150,000 our tonne (It is up 30% this year to 50,000/tonne)which would be revenue of $600M. In the mean time we are looking to continue trial mining at 100tonnes per month all for £15M market cap. So we have proven the minerals are present, we have a cheap and green way of separating them with no harmful substances, we can get them shipped to an increasing number of suppliers. BP have separately written a report that we could be past peak oil and the push for electric vehicles and green energy will only further increase in a post covid world. We are obviously not on anyone's radar at the moment. Pensana's market cap has now hit £132M and they are in a similar position to us but not producing anything. I think the only thing to do is put these shares into a draw and wait two years.

[oapknob1] 08/10/2020 08:41

Good update for JORC exploration target. This time next year for the JORC Mineral report and BOOM

[captain stock] 08/10/2020 07:44

JORC is out! Looking good.

[oapknob1] 07/10/2020 16:16

Can see this going like EUA when the JORC report lands eventually. Hope they get their finger out their farter !

[odsjp] 07/10/2020 10:08

Last year we had the full year results on the 9th, so maybe we could get the results and the JORC tomorrow or Friday. I don't expect the results to be much in terms of revenue compared to 2019 as the amount of rare earths produced is much lower. However it looks like revenue will increase substantially next year due to production of more rare earths and the higher basket price for NdPr as per todays RNS (as well as more trucks to ship the stuff). So maybe the board plan to release the JORC at the same time to sweeten the results. We are now valued at £15M and Pensana at £125M and we are producing (albeit in relatively small quantities) rare earth metals. I definitely think RBW need to up their game and get better communication in place in terms of JORC, BFS and plans. More visibility and a higher market cap would allow them to raise more money and start real production. I can only think (and hope) that something is going on in the background.

[aberloon2] 07/10/2020 07:54

Maybe it's like waiting for a bus, wait ages for 1 and then...:)

[oapknob1] 07/10/2020 07:34

Decent update. So the Boards way of dealing with the JORC is " Don't mention the JORC "Are they waiting for production to hit capacity?

[aberloon2] 06/10/2020 15:49

This is the biggest rise in a while so hopefully our wait is ending..

[odsjp] 06/10/2020 14:20

Share price at 1 month high. Does this mean we are finally going to get some news this week.

[timnicebutdim] 06/10/2020 09:50

Interesting.

[oapknob1] 06/10/2020 09:42

5th October 2020https://www.techmet.ie/press-release-05-october-2020/

[timnicebutdim] 06/10/2020 09:10

August 2018. https://m.miningweekly.com/article/rainbow-techmet-to-consider-feasibility-of-downstream-rare-earths-separation-2018-08-08/rep_id:3861

[oapknob1] 06/10/2020 08:03

Not the investment to TechMet. Read it on their website. Or are they and Bloomberg making it up.BLOOMBERG: U.S. Takes Stake in Battery-Metals Firm to Wean Itself Off China5th Oct 2020The U.S. government has taken an equity stake in a battery-metals company in a move that undercuts dependence on China for a key material used in electric vehicles.TechMet Ltd. received a $25 million investment from the U.S. International Development Finance Corporation to help develop a Brazilian nickel and cobalt mine, the Dublin-based company said Monday in a statement. Cobalt is an important ingredient in cathodes of most electric-vehicle batteries and its refining capacity is largely under China's control.

[timnicebutdim] 06/10/2020 07:48

That news is 2 years old

[oapknob1] 05/10/2020 19:03

Oct. 5, 2020 400 am ETOn Monday, Ireland-based TechMet Ltd. said the U.S. International Development Finance Corporation, a state-funded lender and investor, had made a $25 million investment in its projects that produce and recycle resources like battery metals nickel and cobalt.TechMet, if you didn't know.TechMet has made an equity investment and is exploring options with Rainbow to develop downstream processing capacity to turn Rainbow's high-grade concentrate into high-value rare earth products.Global demand for rare earths is growing significantly, driven by increased use of permanent magnets in EVs, mobile phones and renewables.Major strategic value in creating non-Chinese supply of high-value rare earth chemicals with a captive, long-term feedstock.Oct. 5, 2020 400 am ETI

[oapknob1] 04/10/2020 22:02

Interesting week ahead hopefully

[oapknob1] 01/10/2020 22:48

And another 640,315 trade at 3.6p. Above ask after close.

[johny cash] 01/10/2020 15:18

Did you shout that rant in a Glaswegian accent?

[johny cash] 01/10/2020 15:15

Buy on the hammer...

[oapknob1] 01/10/2020 12:44

640,315 trade at 3.6p. Above ask