Rainbow Rare Earths Share Discussion Threads

[odsjp] 08/1/2021 13:18

Robbie - Where do you get your prices from?

I look at Kitco and it shows NdO (Bid 84$/Kg and Ask 105$/Kg) and PrO(Bid 63$/Kg and Ask 79$/Kg) so would have put the average of the two (Bid) at around 73$/Kg, so around 73,000 USD/Mt

[robbiekeane] 08/1/2021 12:44

At the time of the binding agreement with Bosveld Phosphates (04/11/2020) to co-develop the Philaborwa rare earth project the price of NdPr Oxide was
50,620.78 USD/mt. it is now 64,752.43 USD/mt. that is a rise of almost 28% in two months.
Makes our agreement look a very good piece of business.

[oapknob1] 07/1/2021 23:16

OTPunt CCAP.

[devonlad] 07/1/2021 14:14

Unlucky Matt, I closed a trade this morning I shouldn't have, fear and greed and all that, no one is perfect. Nearly sold a few RBW this morning to cover the Xmas ham costs (the missus bought the biggest ham in the world from the butchers, we only ate about 10% of it), held on though. Big buyer in, has taken 1.6m at least today, probably more like 2m looking at the trades, that ain't no pi reading up on bulletin boards.

[matt123d] 07/1/2021 14:10

Looks as though I might be buying them back higher rather than lower.

[devonlad] 07/1/2021 13:42

1.35m in buys rocking through, might have been a bit early there Matt!

[matt123d] 07/1/2021 10:27

Taken some profits this morning, been a good run.

[devonlad] 07/1/2021 07:49

Cant ask for much more than that!

[chesty1] 06/1/2021 15:55

Nice one Robbie (I trade with IG & they wouldn't let me buy ARB @30p let's say no more)

[robbiekeane] 06/1/2021 15:52

Sadly not Chesty 45 and a top up at 85. I tried to get them on ASX at 15c then they shot up and I left it...what a fool. At the time I only had an online broker and couldn't trade abroad (probably the way I set it up). I think they will jump ahead of BFS.
As for RBW, it's got traction - my personal s/t target 20p.

[chesty1] 06/1/2021 15:29

Nice robbie please tell me you had em since 20p!

[robbiekeane] 06/1/2021 15:20

Agree it looks good. I have these, but I have more PRE.

[chesty1] 06/1/2021 15:17

I have got 3 very nice hot stocks & this is one of them! Very Happy!

Chart looks awesome.

[oapknob1] 06/1/2021 13:45

Think the offtake partner trades the ore to their own processing plant in China. RBW just sell them it.

[robbiekeane] 06/1/2021 12:36

True, but PRE will have huge financial backing off the back of the BFS due later this month. This will enable them to create the world’s first fully sustainable magnet supply chain (from raw material to RE oxide). They are being compared to MP Materials not RBW.

With the Saltend, Humber plant, they are going to be producing a Refined NdPr metal Oxide worth close to US$90,000/t, All current estimates are that the Mine and UK Processing plant will be operational in 2022.

RBW mining and processing is labour intensive, plus they have to ship resource to China at huge cost.

Don't get me wrong, I believe RBW is a pure REE play, it will do well and capitalise on increasing demand. However, comparing RBW with PRE is like comparing a corner shop with Tesco's.

[devonlad] 06/1/2021 12:11

Totally different, PRE is two years away from producing anything for a start!

[robbiekeane] 06/1/2021 11:41

"SP might be comparable to PRE" LOL, LOL, LOL. PRE is in a different class imho - sorry.

[oapknob1] 06/1/2021 09:53

Should find out around 29th Jan.

[oapknob1] 06/1/2021 09:49

Makes you wonder if they are hitting 100t per month. Big driver should be next JORC Q3 Q4 then share price might be comparable to PRE.

[devonlad] 06/1/2021 09:29

Got your break up there OAP, someone is very hungry for the shares. Wonder where the next resistance is going to be?

[oapknob1] 05/1/2021 09:48

Expected to break even but with higher prices it would be nice if there was a surprise in the update on progress, shipments etc.

[devonlad] 05/1/2021 09:39

Yup, that would be the next logical target OAP, good volume coming in though for the start of the year.

[oapknob1] 05/1/2021 08:43

Hardly. Needs to break 15.