Rainbow Rare Earths Share Discussion Threads

[lasata] 16/4/2021 16:09

Panic over Assay results before long according to the interview...

[marktime1231] 15/4/2021 13:18

"could be a paperwork issue" sounds like what the defence lawyer suggests when you have been challenged over your tax returns, see Romie Tager. More likely the govt of Burundi are suspicious at how much mineral is being exported from "test mining" and want to assert their rights, call them royalties or what you will. It is encouraging that production can continue while the issue is resolved, which should not be difficult since it is in both parties' interests. Watching for an opportunity to add some.

[32campomar] 15/4/2021 13:14

Barundi is still a drop in the ocean compared with South Africa. Assays due any day now and all will be good again.

[henryatkin] 15/4/2021 13:09

The problem here now is that political risk has been highlighted. That drives down valuations & prevents many from becoming new investors. PAF & CMCL both very well run miners generating cash flow but on P/E valuations of 7 & 8 x earnings.

[lasata] 15/4/2021 10:19

CB is well versed in these sort of situations....vast experience.....unexpected opportunity to top up ...

[oapknob1] 15/4/2021 10:18

Somebody asked when does a trial mining operation become a mining operation. Pay up.

[magicmayhem] 15/4/2021 10:13

They are just looking for back hander. Give them some shares

[lasata] 15/4/2021 10:12

32Camp Agree!

[32campomar] 15/4/2021 09:41

Great opportunity to add, South Africa alone is worth multiples of the current share price. Totally over reaction as usual.

[napoleon 14th] 15/4/2021 09:35

Chesty - that's Africa. Bigger question is WHY? Don't know yet... hxxps://www.share-talk.com/rainbow-rare-earths-rbw-l-market-update/#gs.ytfq51

[chesty1] 15/4/2021 09:04

The notification was received by Rainbow's operating subsidiary, Rainbow Mining Burundi SM, from the Ministry of Hydraulics, Energy and Mines of the Republic of Burundi ("the Ministry") on 12 April 2021. Why did the RNS come out after hours on the 14th then.....That stinks!!!!

[napoleon 14th] 15/4/2021 08:55

Processing Phalaborwa output should be an obvious long term advantage. Many gov'ts want independent supplies other than China.

[robbiekeane] 15/4/2021 08:11

Could be paperwork issue, more likely government corruption and / or Chinese interference. Part and parcel of doing business in most African countries, as soon as the leaders sniff success and money they want some part of it...

[marktime1231] 14/4/2021 20:57

If the future is bright over the RBW then the producer collaboration of scale between Lynas + MP Materials must be a winner too. Can't invest in Lynas (ASX) from my platform, and MP (NYSE) is currently tethered to $35 at which price a huge fund raise is imminent. Before then MP jumped from $38 to $48 when Biden directed that the US needed to secure its own supply of critical resources.

[32campomar] 14/4/2021 20:00

Genuinely hope it gets marked down in the morning, great buying opportunity

[thelung] 14/4/2021 17:30

Hopefully it's just a paperwork issue and someone's palm needs greased.

[trad3m3] 14/4/2021 12:03

Inverted H and S is what I see, somewhere over the rainbow it's near.... :)))

[32campomar] 12/4/2021 16:02

Yes Remember what the CE said in that conference call last week. The share price should be a multiple of what it is. 20p resistance will go at some point, and when it does, it will go quickly.

[lasata] 12/4/2021 15:35

Tim...patience......glass ceiling.....

[timnicebutdim] 12/4/2021 14:55

Kiss of death you are

[lasata] 12/4/2021 13:51

Rare-earth firms in Ganzhou halt production to rectify environmental issues By GT staff reporters Published: Apr 08, 2021 08:03 PM Rare earth Photo: VCG Rare earth Photo: VCG About 40-50 percent of the rare-earth enterprises in Ganzhou, East China's Jiangxi Province - most in the middle and downstream segments of the industry chain - have halted production in recent days to rectify environmental protection issues, industry insiders told the Global Times. Ganzhou is a main production base for China's rare-earths. As the suspension is expected to last until the end of April, industry analysts predict that rare-earth shortages, coupled with logistics issues in shipping rare earths from Myanmar, could further strain China's exports of rare-earth products in April and could drive its prices higher. "One of our rare-earth waste processing factories suspended production near the end of March," a manager at a state-owned rare-earth enterprise in Ganzhou told the Global Times on Thursday. The closures came ahead of the central government's No.4 ecological and environmental protection inspection group's arrival in Jiangxi for a trip that runs from Wednesday to May 7. The group will investigate local environmental protection work. Close to half of the rare-earth producers in Ganzhou have halted operations, according to local industry insiders. Some shut down before the group's arrival to rectify environmental issues. Industry insiders said that the sudden closures were partly due to 24/7 production, which led to "serious environmental effects" such as the discharge of off-standard sewage. "Since October, all rare-earth manufacturers in Ganzhou have been running at full swing to capitalize on booming orders and recoup losses sustained during the coronavirus outbreak. Most of them did not take a break even during the Spring Festival holiday, exacerbating the environmental issue," a manager of a state-owned rare-earth enterprise, who spoke on condition of anonymity, told the Global Times on Thursday. The manager added that most of the suspended facilities are plants specializing in rare-earth waste separation, a key procedure in processing rare-earth oxides that could pollute the environment most. "It is necessary to comply with environmental protection rules in daily work. Those who abide by strict environmental protection rules still operate as usual," he noted. The Global Times also learned from several major rare-earth magnet producers in Ganzhou that their production has not been affected. It is not clear when the factories will start humming again. Some industry insiders expect they can resume work by the end of April when environmental issues are all settled. According to local media reports, the supply of neodymium praseodymium oxide, a key rare-earth oxide for making permanent rare-earth magnets, could be reduced by 1,200 tons a month due to the factory suspension. Wu Chenhui, an independent rare-earth market observer, told the Global Times on Thursday that the plunge in rare-earth oxide supplies will have a "staged impact," pushing up prices in the short term. "But the impact may also spread around the globe if production is suspended for more than a month, exerting pressure on global supply," Wu said. From January to February, China's rare-earth exports surged 28.8 percent year-on-year to 7,068 tons, customs data showed.

[napoleon 14th] 12/4/2021 12:57

20p glass ceiling. I hold, 7% of my PF partly due to 55% gain, & will only add when that glass ceiling breaks; a close of 21p. SP is bubbling but not frothy at all - IMHO, NAI, DYOR.

[newton] 12/4/2021 10:33

just bought in so it'll probably fall now 😒

[timnicebutdim] 12/4/2021 09:35

Pretty much all buys strap yourselves in this is going to get interesting

[lasata] 12/4/2021 08:44

Assay results due before long should be an interesting read too.