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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Rainbow Rare Earths Limited | LSE:RBW | London | Ordinary Share | GG00BD59ZW98 | ORD NPV |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 10.35 | 10.20 | 10.50 | 10.35 | 10.35 | 10.35 | 127,878 | 07:47:54 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Chem,fertlizer Minrl Mng,nec | 0 | -11.98M | -0.0192 | -5.39 | 64.65M |
Date | Subject | Author | Discuss |
---|---|---|---|
24/8/2021 00:51 | Latest news from Burundi today :- [...] | tripod_john | |
16/8/2021 11:01 | Markets in summer slumber doesn't help share price Needs positive news... Trimmed a few on Friday, looking to buy back later (& cheaper?) Support level just 1p away? | napoleon 14th | |
13/8/2021 11:40 | P.Pham Twitter...a good read.. | lasata | |
09/8/2021 12:46 | Very positive Peter Pan has bought in......... | lasata | |
09/8/2021 11:46 | Because the current trading position was rnsd last week.Would suggest he is confident in the results from the slag heaps will be good and or Burundi will be resolved in quick fashion. | lewis winthorpe | |
09/8/2021 11:10 | How is he allowed to buy? | thelung | |
09/8/2021 09:24 | If anyone should know what’s happening it should be him. Very good sign IMO | aberloon2 | |
09/8/2021 09:01 | Nice to see Peter Pham buying up shares on the market with a nice 250K chunk. Confidence building. RNS Number : 9244H Rainbow Rare Earths Limited 09 August 2021 Rainbow Rare Earths Limited ("Rainbow" or the "Company") (LSE: RBW) 9 August 2021 Director Dealing The Company was informed that J. Peter Pham, Non-Executive Director, purchased 250,000 ordinary shares of no par value each in the Company ("Ordinary Shares") at a price of 13.5 pence per share on 6 August 2021. | perfect choice | |
06/8/2021 09:39 | MKA has been rising daily. | snowyflake | |
05/8/2021 12:28 | Not the worst result - no need to raise funding for Burundi which would be significant - perhaps they can finance it in future from Phalaborwa profits | luffness | |
05/8/2021 12:04 | Yes - the local people are unemployed and the people via the government are receiving no income. The situation schmells. Sniff out what is causing the schmell. I agree that the company is doing the right thing - do not pander. | snowyflake | |
05/8/2021 11:29 | South Africa has always been vastly more important. But Putting the onus back on the Barundi government and not Caving in is the right move, and if this en-passe does speed up South Africa in any way it's got to be a positive. Meanwhile, local people in Barundi are unemployed and the government are receiving no income... | 32campomar | |
05/8/2021 10:56 | So sounds like they have passed the ball back to the Government to decide on Burundi. Legally RBW is following previous agreements. Phalaborwa is the lead development opportunity for RBW though as stated certainly for enhanced share value. RNS Number : 6999H Rainbow Rare Earths Limited 05 August 2021 Rainbow Rare Earths Limited ("Rainbow" or the "Company") (LSE: RBW) 5 August 2021 Market Update Further to the update on 29 June 2021 regarding the temporary suspension of trial mining operations from the Gakara Project in Burundi, Rainbow continues to engage with the Government of Burundi (the "Government") to allow operations and exports to re-start. During this Government mandated suspension, operating costs in Burundi have been minimised, with the vast majority of staff placed on suspension, such that the ongoing situation is not having a significant impact on the Company's cash flow forecasts. Due to the visits of George Bennett, CEO, to Burundi in April, June, and July 2021, the Company understands that the primary concerns of the Government relate to the pricing of the rare earth mineral concentrate sold by Rainbow Mining Burundi SM, the local operating entity. Rainbow notes that this was addressed comprehensively in an independent report, dated 26 July 2019, that was commissioned by the World Bank at the request of the Government and compiled by SRK Consulting . This report, accepted by the Government in 2020 , concluded that: -- The price paid by ThyssenKrupp, the multinational industrial group, for the Gakara rare earth mineral concentrate, which is established on the basis of internationally recognised pricing, is commercial and forms a reliable foundation for the computation of royalties payable to the Government. -- The export grades of each shipment are independently verified as accurate by two internationally recognised laboratories (ALS Laboratories in Canada and Baotou Research Institute of Rare Earths in China) and have been correctly reported to the Government for each shipment from Gakara to date. -- That Rainbow is a "model company for new market entrants". Rainbow notes that the ongoing suspension contravenes Burundi law and has been imposed without due and proper process. For example, the Government has never provided credible, data-based alternative prices for the concentrate exported or any alternative credible third-party analysis of grades from the samples they hold for each batch exported to date. The Company has asked the Government to lift the suspension as soon as possible to allow trial mining to resume, local staff to return to work and exports to restart thereby generating significant employment, revenue, royalties and taxes for Burundi. George Bennett, CEO, said: "Whilst the situation facing Rainbow in Burundi is disappointing, it has allowed our team to focus on the substantially larger opportunity presented for near term development of Phalaborwa, which we see as the immediate catalyst of Rainbow's business model and the asset that will enable the Company to become a significant producer of rare earths to drive the green revolution. With the opportunity to fast track the project's development, I expect Phalaborwa to be a sizable, commercial scale producer of separated rare earth oxides, substantially surpassing the trial mining activities at Gakara. Rainbow remains committed to the positive contributions we are able to make as a Company within our countries of operation and communities through the payment of taxes and royalties, the provision of employment, local investment and the support of local supply chains." | perfect choice | |
04/8/2021 19:31 | Not surprising given REE prices are up almost 30% in a month... | luffness | |
04/8/2021 16:45 | Looks like rare earths coming back into favour again, MKA up 10% today too | 32campomar | |
01/8/2021 20:23 | The success of Phalaborwa in SA both for shareholders but also management and the work force is to an extent down to the government of South Africa both central and local. Former President Zuma in custody is still to be formally charged with corruption - in effect suspected of raping SA assets and by association the people. The world knows what Mugabe and his gang did to Zimbabwe. Rio Tinto have stopped mining at Richards Bay and closed one furnace - yes a different mineral but the recent history is not good. If the authorities recognise and accept that inward investment benefits countries like SA (after all much is made when a foreign car manufacturer decides to invest in the UK), Phalaborwa and other projects will be successful. Surely the South African authorities are not that ignorant that they do not recognise that the economy is important and that corruption should be quelled and any attempt by certain political supporters to damage the infrastructure should be resisted. I am hopeful and, if I am right, the stock is undervalued. | snowyflake | |
01/8/2021 19:29 | If what you say is true then it's a no brainer, if not then only a no brainer would do it. | archie222 | |
01/8/2021 16:13 | RNS on 29th shows what a nice quandary they are in; which process is the more profitable? Not "Is it workable?" Or "Is it profitable?" Nor is there "Do we have the knowhow?" Looks slam-dunk unless S.A politics blow it, & that's now looking much quieter. Burundi looks like it is now second string... SP has been savaged recently, now looks comfortable on a strong multiple support. Only patience required here! I'm tempted to add. | napoleon 14th | |
29/7/2021 11:43 | Well when is the placing then George??. There is no way this has dropped from 20p to 11p if there is no placing being negotiated.It typical aim share movement prior to a placing to slowly drip downwards to facilitate chums rate placing.... how convenient. | glasswala | |
27/7/2021 16:23 | yes ... aside from the gamble of putting all the Cos eggs into one basket. SA itself isn't exactly an oasis of calm these days - just ask RIO further down the coast. | archie222 | |
27/7/2021 13:34 | IMO RBW need to focus on Phalaborwa as Burundi is now a side-kick in comparison. Burundi has a lot to lose in this & IMO there's a lot hypocrisy involved. If RBW mothballed the mine, there's no more tax, royalties, employment, brown emvelopes etc. If resources are allocated to Phalaborwa we get payback in 10s of millions within two years from a slam dunk simple opperation, whereas the ore at Gakara is not straightforward. Only S.A. politics present any risk; a remote one at that. No brainer IMHO. GLA | napoleon 14th | |
26/7/2021 16:40 | No way they would fund Phalaborwa from Burundi anyway so that is a non issue | luffness | |
26/7/2021 14:22 | Holding off buying back in until we know what's happening with the suspended licence, they aren't generating any revenue and if the licence isn't resolved how will they fund Phalaborwa? | timnicebutdim | |
26/7/2021 13:28 | Deffo a buy signal wehb bigbertybellend shows up folks! | chesty1 |
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