Rainbow Rare Earths Share Discussion Threads

[lasata] 07/5/2021 16:19

REMX ETF in USA strong this week...

[timnicebutdim] 07/5/2021 14:32

It reads that the terms of the rare earth agreement was negotiated with the old president and that the new president has basically torn up the deal and wants to negotiate a new deal and build his own "nest egg" out of it. It also says rainbow was under reporting the exports in order to avoid paying taxes and fees and that doctor Gilbert midende who was working for rainbow on the administration side has been forced to resign. Which I would have thought all aspects were RNS worthy

[ptolemy] 07/5/2021 11:33

I came across this article which I think was published on Wednesday (plse correct if otherwise). Poor translation but the gist is, not unexpectedly given Burundi's reputation for corruption, 'new president, new rules.'

[magicmayhem] 06/5/2021 13:39

I bought mine back yesterday. Hopefully see 18/19 in the next month

[redhill9] 06/5/2021 09:58

32campomar, I agree with your comment but I sold all of my RBW shares as soon as I saw the Barundi announcement as, drop in the ocean or not, it was inevitably going to be considered a "red flag" by the market and hit the sp, which it has. I'm looking for the right moment to buy back in but not sure it's arrived yet although the share price this morning is looking more optimistic.

[lasata] 06/5/2021 09:26

Interesting times for RBW.......

[lasata] 06/5/2021 09:09

Daily Telegraph:

Britain set to stockpile metals for electric cars to beat Chinese threat
Move comes as fears mount that China is ruthlessly cornering the market in the rare earths needed for the EV revolution

By
Alan Tovey,
INDUSTRY EDITOR
5 May 2021 • 7:36pm

[32campomar] 05/5/2021 20:39

What? Please do your research properly it's really frustrating reading comments like this. Barundi is a drop in the ocean compared to South Africa, which on its own is worth many multiples of the current share price. I despair sometimes.

[indigocarmine] 05/5/2021 18:41

Could be a brown envelope issue - it's no great secret that corruption is rife in these places. Then again, China has built a lot of influence in many of these places. I daresay China would prefer to maintain as tight a grip as it can on rare earth supply chains...

[luffness] 05/5/2021 18:18

Really ? Do you understand Phalaborwa and the amount of Nd/Pr not to mention terbium that is there and very readily separable ie not requiring mining?

[napoleon 14th] 05/5/2021 17:43

I'm still in good profit here but don't like the lack of news,
not even a definition of the objections of the Burundi authorities.
Is this a brown envelope problem?
Are the reasons real and reasonable?

We need to know at least the reasons.

[drradcliffe] 05/5/2021 15:21

Sadly I agree. I don't think the company have done anything wrong, but it shows the risk of investing in small African countries. I'm concerned about continuing to hold at a 19% loss. I like the story, but without Burundi production, it is worth a single figure share price.

[timnicebutdim] 05/5/2021 09:41

Can see this drifting back to single figures without an update on why the exports have been halted.

[lasata] 02/5/2021 15:36

Worth reading >>> Sunday Telegraph. strange no mention of RBW!

[napoleon 14th] 01/5/2021 13:00

One for RBW holders, but no worries; it looks decades ahead !
Interesting, tho', but I'll be boxed & dispatched B4 this happens.

[lasata] 28/4/2021 15:56

What is Mike Walter's recommendation record like?

[lasata] 28/4/2021 15:50

See your point........it gives a decent summary of RBW.

I think George Bennett is a safe pair of mining hands.....

[flying pig] 28/4/2021 15:46

It is Mike Walters (c) and should be deleted. It does show that his website has value, but it has not been attributed by peanut100 or even given a modest edit/critical review/comment.

[lasata] 28/4/2021 15:39

Off topic for which i apologise......another less rare but valuable commodity tin is approaching blue sky decade high prices and Afritin (ATM)is an active producer due for a run higher

[lasata] 28/4/2021 15:37

Surely he would be pleased with the wider publicity.......

[32campomar] 28/4/2021 15:28

I would delete that if I were you, it's Mike Walters copywrite

[marktime1231] 28/4/2021 15:03

The assay rns warned us not to treat it as a mineral resource estimate, but they and we have effectively been doing just that. The slight niggle was the reduction in rare earth concentration. I suppose we should wait for the MRE and reports to say how to best execute production, how much it might cost, where that money is going to come from, how might South Africa assert its mineral rights ... many unknowns and risk variables which is why RBW is still valued so cheaply. What would help ... the US and/or a global mining major deciding to make this strategic, investing to secure the critical supply of rare earth minerals other than from China / Russia.

I agree though that, accepting the assay in pencil but reminding ourselves not to regard the implied mineral resource as inked in, RBW is currently valued by the market at a huge discount to asset value. So yes it is surprising that the share price has not moved up much. Yet.

Doubled up at 17p.