Rainbow Rare Earths Share Discussion Threads

[marktime1231] 21/5/2021 12:41

Thank you spacetomato a really useful insight in to what reads like the start of a promising restoration of Burundi operations, and as has been noted the diplomatic like with the USA is hugely encouraging.

[32campomar] 21/5/2021 11:47

After reading that it's clear RBW have pulled off quite a coup in securing the former ambassadors services. Not only to smooth relations with Barundi, but to open the door to America who are desperate to secure rare earths.

[lasata] 21/5/2021 10:46

Great info...ST..thank you

[spacetomato] 20/5/2021 22:23

Evening all,
I usually only post on the LSE BB, but I thought you guys may find this useful; it is from some research I did on the french websites in Burundi. All the best:


The Managing Director of Rainbow Mining Burundi “forced” to resign.

Number of views: 5,663
Bujumbura, April 29, 2021 According to a source close to Rainbow Mining Burundi, its Managing Director, Mr. Gilbert Midende, has just been forced to resign.

The majority shareholder, Rainbow International Resources Ltd, holds Gilbert Midende responsible for the serious breaches on the basis of which the Burundian state has just suspended the exploitation of rare earths from Gakara.

His bosses also accuse him of mismanagement characterized by embezzlement and acts of corruption, in particular by influence peddling while maintaining conflicting relations with representatives of the Burundian State, which resulted in "a formal notice which could have been avoided ”, assures a relative of the company.

Jean Claude Mubisharukanyw

hxxps://www.burundi-forum.org/la-une/actualites/le-directeur-general-de-rainbow-mining-burundi-forcee-a-la-demission/


Also I have this one:

RAINBOW RARE EARTHS RESETS OPERATIONS IN BURUNDI
MAY 17, 2021
Rainbow Rare Earths resets operations in Burundi

LONDON, UNITED KINGDOM, May 17, 2021 /EINPresswire.com/ - Rainbow Rare Earths Limited (LSE: RBW), recently reset its operations in Burundi, where its Gakara project, which produces one of the highest concentrates in the world through ongoing trial mining operations, is currently the only African producer of rare earths.

Rainbow Mining Burundi Managing Director, Dr Gilbert Midende, retired for health reasons on May 1. A geologist by training, Midende has held several high-level positions in the Central African country, including that of Minister of Mines from 1988 to 1993. Although generally well regarded, the Director General has been considered by some in the current Burundian government. as a relic of a regime that was replaced after the end of the civil war in 2005. Recently, the Director General had been the subject of several attacks in the local press.

Until the appointment of a new permanent managing director, the company announced that its CEO, veteran South African mining executive George Bennett, will also assume the management of operations in Burundi.

In order to strengthen the company's team in its relations with the Burundian government, Rainbow's board of directors announced the appointment of Ambassador J. Peter Pham, former United States special envoy for the Great Lakes in Africa, as non-executive director. Pham has the reputation of being one of the few Western diplomats to maintain good relations with the Burundian government. He even visited once to meet the late President Pierre Nkurunziza at his home in the north of the country, posting pictures on social media with him casually dressed.

Last year, after Nkurunziza's unexpected death shortly after a contested election in which current President Évariste Ndayishimiye was declared the winner, the US State Department publicly congratulated the new head of state and, in a statement, "welcomed the opportunity to work with him and government leaders at all levels." Despite the pandemic, Pham traveled from Washington to be the only foreign dignitary present for Burundi's Independence Day celebration on July 1, seated in the front row alongside the new Burundian President and Prime Minister Alain-Guillaume Bunyoni He had come with a letter signed by President Donald J. Trump.

An analysis carried out last year by the Africa Intelligence information service described Pham, the former American diplomat, as "the main repairer of the bridges between Bujumbura and Washington" and noted that he had "designed a complete diplomatic about-face of "main repairer of the bridges between Bujumbura and Washington" and noted that he had "conceived a complete diplomatic about-face" after several years, which relationship had deteriorated because of the sanctions imposed by the former president Barack Obama following protests that were forcibly suppressed after the much contested Burundian presidential election in 2015.

So far, the new US administration of President Joseph R. Biden, Jr., appears to be staying the course with the new political direction set by his predecessor. Although there was no official announcement from Washington, last month the United States Embassy in Bujumbura quietly announced on its Twitter account that "the United States is reducing visa restrictions in place. for Burundian citizens. Several African observers noted that almost immediately after the little-noticed embassy tweet, Pham, who left the government in January, posted on his own Twitter account that the lifting of the restrictions "responds to the notable progress made under the president Ndayishimiye ”which“ augurs well for the improvement of relations between the United States and Burundi ”, a message which was, in turn, quickly taken up by several official accounts of the Burundian government on social networks.

TIM THOMPSON




hxxps://techtodaynewspaper.com/rainbow-rare-earths-reinitialise-les-operations-au-burundi/

[32campomar] 18/5/2021 14:19

I see MKA up 20% on no news, and a flurry of buys here. Rare earths shares back in demand today, for some reason!

[ptolemy] 17/5/2021 16:06

Pham is obviously well connected. Worthy appointment.

[timnicebutdim] 17/5/2021 10:56

Been a holder since the 2p days, have 300,000 at an average of 4p, just not a happy clapper poster. Will love to be proved wrong

[wiganpunter] 17/5/2021 10:24

Tim, your comments are constantly negative so maybe you'd be better off selling up and moving on . it feels like you either want bad news or can't analyse companies . this appointment is good because it in the words of the announcement brings in someone that has led the efforts to reform and rebuild USA relations with Burundi. this is significant as its pretty obvious that everyone is focused on ensuring china doesn't ring fence these assets and equally that the countries of origin are treat fairly which is also something Mr Pham has worked hard on in the DRC . it also creates a conduit to the us government which is highly significant as the ceo has said on recent calls they are interested in providing asset / development finance . if you could build a model and had burundi at zero the South Africa at a 50% haircut you would way in excess of 100p if resources are proven. literally its simple. what will and should happen in Burundi is a better deal is struck where the country benefits and china doesn't get to process and buy the assets. thats why you bring in people like that and so model that accordingly . either way being negative makes no sense whatsoever .I would also expect the c suite to be buying large amounts of shares when that is possible.

[napoleon 14th] 17/5/2021 10:15

Seems like they got the right guy.
Positive.

[timnicebutdim] 17/5/2021 09:13

In the absence of any news on Burundi we might hit 10p this week. Market isn't impressed they have had to recruit someone to sort the mess out

[lasata] 17/5/2021 07:33

Great link to USA from him...

[timnicebutdim] 17/5/2021 07:26

Hopefully brought onboard to help resolve the Burundi issue, which looks like it may drag on for some time.

[lasata] 17/5/2021 07:08

An appropriate appointment....

[meanreverter] 14/5/2021 20:40

Thanks, pwooly. The factsheet is uninformative about the process, but it does say that the end product is carbonate. Presumably this is because RE carbonates are the standard traded product, and can be produced from RE sulfates by additional steps (cf. ammonia/lime to produce sodium carbonate from salt).

[pwooly] 14/5/2021 18:19

The carbonates are the product RBW will be selling after the low cost processing. See the Phalabowra fact sheet.???

[pwooly] 14/5/2021 17:24

Thank you, wiganpunter. Your comments and efforts are much appreciated by me and, no doubt, many others.I'm holding fast with an average of 2.7p and see a long term profitable future from here. Current Burundi issues are temporary and will be resolved to the company's and shareholders' benefit.I also await news on Zimbabwe.

[wiganpunter] 14/5/2021 17:07

people talking about country risk don't fundamentally get how these companies work. pretty much all miners even rio and Glencore have idiosyncratic country risk in the portfolio . in raw case this is burundi and South Africa. no doubt burundi is a tough place to operate so lets assume it doesn't exist in the portfolio - though personally I think the worst case is a different split of net economics from 90-10 to 50-50 which is still a great return . you can just value South Africa with 35m tonnes of gypsum on the surface with a TREO OF 0.45% . We know the stack is low cost and the infrastructure good. I paid an independent analyst to visit the site and build a model. the sassy plant is there and easily recommissioned so another big tick as it can be processed on site. the carbonates (rather than burundis mineral concentrate) are much more valuable and less Capex intensive. even if you discount the prices by 50% to spot and triple any Capex assumptions you are left with a brilliant project with 15 years plus of cash flow of 750m plus . so at todays valuations you will get to 100p a share even by doing those haircuts. all this noise on these chats is by people that either can't model or can't invest. happy to take questions . have a good weekend.

[saints70] 13/5/2021 15:57

Right you are Redhill if you refer to my post 3 days ago. Though smaller there is still a risk with South Africa although the CEO is South African so may be more familiar with the lay of the land there. Take home message is that doing business in Africa is different to Europe.

[redhill9] 13/5/2021 15:44

I know people don't want to hear it but even if/when the current situation with Burundi is resolved (or appears to be) there is no guarantee something similar won't happen again. Dealings in Africa generally, even maybe with South Africa, by a small company like Rainbow should have a red flag attached as there isn't necessarily the same assumption of personal or procedural integrity that may be reasonably expected when dealing with, say, a European country.

[timnicebutdim] 13/5/2021 12:50

Probably all comes down to which company is going to offer the biggest bung to the corrupt president

[glasswala] 13/5/2021 12:42

RBW share price has taken a tumble of 35% since the debacle of the Burundi cancelling its export licence. I thought the west desperately needed rare earth or China is so powerful now that the west cannot exert pressure on Burundi anymore

[timnicebutdim] 13/5/2021 09:04

Did you get a reply?

[32campomar] 12/5/2021 21:38

Yes and someone bought them and the price barely flickered

[timnicebutdim] 12/5/2021 19:34

Wow someone dumped 2.2 million shares today