Rainbow Rare Earths Share Discussion Threads

[snowyflake] 10/9/2021 16:43

wiganpunter - I may well have made a mistake but I could not find the reference on tax justice network.

[marktime1231] 10/9/2021 16:28

If this is just pub chatter more pub chatter please

[wiganpunter] 10/9/2021 16:17

hi. the burundi government is today analysing a bill revising the mining code . on twitter under "tax justice network" 39 mins ago. some compromises will be reached I think. note other countries like china and Russia also had ops suspended . regardless South Africa is the main event but will be nice to renegotiate and move on .

[lewis winthorpe] 10/9/2021 15:38

I predict a Burundi change of stance announced next week.

[yus777] 10/9/2021 14:17

should gap upto 15p next stop 17-18p momentum is on way up

[yus777] 10/9/2021 14:16

cant buy much nt trade only strong buy

[lasata] 10/9/2021 13:59

Either way...something stirring here.

[lewis winthorpe] 10/9/2021 10:47

I have heard Burundi news may by imminent too but that was just pub chatter.

[32campomar] 10/9/2021 10:18

Turning a corner from a very oversold position. Can happen in summer on low volume when a lot of traders both private & institutional are away. Sell in May and come back St Leger day is not a saying for no reason! I wish I'd followed that advice I would be quids in on my portfolio !

[peanut100] 10/9/2021 10:08

Again today

[peanut100] 09/9/2021 11:46

Bid only and no offer, next step higher.

[napoleon 14th] 08/9/2021 14:42

For general interest:

[32campomar] 07/9/2021 13:16

Large 3.5 million trade gone through, can't imagine it's a sell at that price

[login] 07/9/2021 13:03

Burundi president just bought a few?

[napoleon 14th] 07/9/2021 12:27

Yep, & many hoping Zuma kicks the bucket before they extract info from him!....
I guess that at that age you can be allowed to be ill.

Anyway, hoping for news soon.

[luffness] 06/9/2021 15:24

Zuma out of jail I think - medical reasons. Some deal done maybe?

[archie222] 06/9/2021 15:00

Not that firmly it seems -

[napoleon 14th] 06/9/2021 14:40

Looks like they needed to fill some space without doing any work!
____________

Maybe a bit of media activity would help the current blockage.

An update showing Phalaborwa being speeded up, or at least bang on schedule,
with anticipated opperational cashflows in 2022 & 2023...
with a report on Gakara showing zero activity, zero production and zero tax/royalties/employment as a result.
The above would shake a few cages if released with official statistics on
real REE yields as per RBW's figures, contradicting the Burundi gov't's claims.

I hope Phalaborwa is given top priority in RBW's plans.
South Africa gone quiet after the recent Zulu flare-up. Zuma now firmly in jail.


Burundi's actions look like a cash-grab scam by the new president.

[odsjp] 06/9/2021 13:05

napoleon - I was trying to be generous but you are right it is certainly an understatement.

What gets me is the title "2 penny stocks id buy and hold until 2030" and then they write two sentences on the company missing all the salient points. I hope they do more research when buying their own shares...

[napoleon 14th] 05/9/2021 14:51

odsjp - pretty poor is an understatement!

[odsjp] 05/9/2021 13:51

A pretty poor article from the Motley Fool below on RBW.

It mentions Gakara (nothing about the problems with the government) and doesn't mention Phalaborwa, go figure...



Pot of gold

I think Rainbow Rare Earths (LSE: RBW) could be a great one to buy for the next 10 years at least.

The 17 metallic elements that make up the rare earth spectrum are essential in the manufacture of a broad range of electronic products. They can be found in mobile phones, wind turbines, camera lenses, catalytic converters and x-ray machines among other things. And some experts believe that supply of these special metals will fail to keep pace with booming consumption. Analysts at Adamas Intelligence think the problem will worsen too. They reckon that the “demand growth of the 2020s will soon be dwarfed by the astronomical demand growth of the 2030s.”

This bodes extremely well for prices of the metals and consequently profits at the likes of Rainbow Rare Earths. This particular mining play holds a 90% stake in the Gakara project in Burundi, one of the richest rare earth deposits on the planet. I’d be aware, though, that some electric car manufacturers are taking steps to reduce the use of rare earths in their vehicles. Falling demand from this key market could have a significant impact on rare earths demand.

[napoleon 14th] 27/8/2021 13:42

All eyes on Phalaborwa IMO. Burundi is now a (valuable?) side show
& they're without the financial benefits as long as this farce goes on.

[marktime1231] 27/8/2021 12:24

Thank you wiganpunter. @sdecliff is indeed having a public twitter argument with @DrJJPham doubting the truth about the concentration of mined rare earths at Gakara versus the declared concentrate values. In a charming mixture of English, French and Kirundi. Prof. Dr. Steve is our problem.

[wiganpunter] 27/8/2021 10:06

hi everyone . here's the latest from the various articles / tweets. a guy called Professor / Dr Steve de cliff jury who is sec general of the burundi commission for unesco thinks the treo is 80% not the 54-57% that rbw state. to be clear that is post rbw having independent work done 3 years ago. he seems to be confused that the enrichment process makes the treo go up rather than seeing it as a refined process. so in my view what will happen here is another independent report will be done that satisfies the government that the treo is what rbw say it is and thus the professor thats making all the noise will be proven right or wrong which either way is a win win. I would also expect a commercial deal to be done on the back of it to make the government look like they got a win. the fact that dr Pham bought shares tells you all you need to know .

[napoleon 14th] 26/8/2021 15:01

What news?
advfn has redered your post unuseable, as usual...