Rainbow Rare Earths Share Discussion Threads

[trad3m3] 12/2/2021 15:57

Can't get anything significant, when are you selling???!!

[oapknob1] 12/2/2021 15:55

$ 3500 MT concentrate

[luffness] 12/2/2021 15:14

The pot at Phalaborwa is 50000tonnes of NdPr - current price £65000 per tonne. Do the maths

[monet] 12/2/2021 15:13

Well it took some time to get going but it's off now.

[glasswala] 12/2/2021 15:09

Yes the stock market is awash with crazy valuations for all kinds of company. People have become total crazy chasing the gold pot at the end of a rainbow.

[oapknob1] 12/2/2021 15:07

2.8mill funding - 5mill.If your not happy sell.

[indigocarmine] 12/2/2021 15:06

You could well say the same about Tesla, except of course Tesla is 'worth' many orders of magnitude more.

[glasswala] 12/2/2021 15:01

So they increase the price and then get a placing out. It only has a placing at 6p some while back. Looks like those guys will sell up and buy more of the placing.Rinse and repeat.

[timnicebutdim] 12/2/2021 14:24

Agreed no point having billions of pounds worth of stuff stuck in a pile if you can't get it to market

[devonlad] 12/2/2021 14:07

I have no problem with George raising cash to get things moving. No point in looking at it, needs to be extracted.

[luffness] 12/2/2021 13:46

But at least it got the share price moving :-)

[luffness] 12/2/2021 13:00

Well not sure why that got a thumbs down - the CEO has already stated they will need funding...

[luffness] 12/2/2021 11:10

Pretty clear they will need to raise funds - maybe hoping for a Phalaborwa assay share price boost before doing so?

[32campomar] 12/2/2021 11:03

Yep agreed

[oapknob1] 12/2/2021 10:40

These are very high grades for a low-cost project of this type, which is potentially homogenous in nature, with minimal geological uncertainty, no waste stripping requirements and where the gypsum, which is already in a 'cracked' chemical form, is ready to process. The results further underscore Phalaborwa's potential to drive Rainbow's strategy to become a globally-significant producer of rare earth metals."

[oapknob1] 12/2/2021 10:39

George Bennett, CEO, said: "These assay results go a long way to confirming the substantial tonnage and value of the Phalaborwa Rare Earths Project in terms of both in-situ grade and the consistency of the high value NdPr content in the rare earths basket. The results also demonstrate extremely low levels of radioactive elements present in the stacks, substantially below the low radioactive levels which we have seen to date for other rare earth projects globally. This factor simplifies the optimised processing flow sheet from Sasol's initial pilot plant flow sheet, developed to extract the rare earth mineralisation from the gypsum. These assays also highlight the environmentally advantageous characteristics of the Phalaborwa project, which we believe will position Rainbow as a leading example of a 'green' rare earth Company, producing the elements required for the clean energy revolution.

[oapknob1] 12/2/2021 10:38

The Company continues to review these new targets, alongside further high priority targets identified by TECT, and the 10 areas included in the JORC Exploration Target announced in October 2020, to define an optimal initial drilling programme for the Gakara project. This is expected to commence in H2 2021 after the rainy season in Burundi.

[oapknob1] 12/2/2021 10:37

Approximately 62t of material from this trenching programme with an average grade of 44% TREO has been processed through the existing Gakara gravity separation pilot plant, generating >54% TREO concentrate suitable for direct export, further underlining the amenability of Gakara ore to simple, low-cost processing.

[oapknob1] 12/2/2021 10:37

Grades of up to 50% total rare earth oxide ("TREO") have been identified at Burima and Kivungwe - two targets originally highlighted in the TECT Geological Consulting ("TECT") study announced by Rainbow on 19 May 2020.

[oapknob1] 12/2/2021 10:36

Gakara Exploration Update: Additional high-grade rare earth targets identified

[oapknob1] 12/2/2021 10:36

Nice29.7% NdPr represents one of the highest weightings of NdPr in a rare earths basket of any project in the world.These initial results, received from 178 of the 708 total samples from the 1,056-metre drilling programme, demonstrate the expected homogenous nature of the rare earth mineralisation in the gypsum stacks.

[oapknob1] 12/2/2021 10:36

Nice29.7% NdPr represents one of the highest weightings of NdPr in a rare earths basket of any project in the world.These initial results, received from 178 of the 708 total samples from the 1,056-metre drilling programme, demonstrate the expected homogenous nature of the rare earth mineralisation in the gypsum stacks.

[oapknob1] 12/2/2021 10:36

Nice29.7% NdPr represents one of the highest weightings of NdPr in a rare earths basket of any project in the world.These initial results, received from 178 of the 708 total samples from the 1,056-metre drilling programme, demonstrate the expected homogenous nature of the rare earth mineralisation in the gypsum stacks.

[oapknob1] 12/2/2021 10:36

Nice29.7% NdPr represents one of the highest weightings of NdPr in a rare earths basket of any project in the world.These initial results, received from 178 of the 708 total samples from the 1,056-metre drilling programme, demonstrate the expected homogenous nature of the rare earth mineralisation in the gypsum stacks.