Rainbow Rare Earths Share Discussion Threads

[magicmayhem] 10/11/2021 13:09

Slow progress but hoping for 20p by Xmas

[lewis winthorpe] 10/11/2021 08:01

Good start. 84k at full ask 17p

[snowyflake] 09/11/2021 19:52

Not necessarily mp79. Patience.

[mp79] 09/11/2021 19:03

MM will try to bring it down tomorrow as usual I guess

[32campomar] 09/11/2021 17:06

Maybe Burundi news is imminent

[lewis winthorpe] 09/11/2021 15:46

Thanks, given times of trades, I can see a lot of US interest coming in.

[irb2] 09/11/2021 15:31

Positive investor presentation yesterday - house broker reaction TP 43p -> 46p

Rainbow Rare Earths* (RBW LN) 15.8p, Mkt Cap £81m – Investor meeting highlights progress at Phalaborwa and Gakara and value generation potential

BUY – Valuation increased to 46p from 43p

Click link for full research note: CLICK FOR PDF

(Rainbow hold 70% of Phalaborwa with 30% to be held by Bosveld Phosphates)

(Neodymium Nd, Praesidium Pr, Terbium Tb, Dysprosium Dy. Rainbow holds 100% of the Gakara mine and associated licenses in Burundi)

Rainbow Rare Earth management hosted an analyst and major investor meeting in London yesterday.
The team expect demand for the critical rare earths to double by 2030 due to strong demand from electric vehicles, wind farms etc…
91% of the value of rare earth elements is driven by demand for permanent magnets with Terbium and Dysprosium used to ensure these magnets retain their properties at high operating temperatures.
Phalaborwa (South Africa): Management are focussed on testing and refining the flowsheet for the Phalaborwa project for the extraction of three rare earth oxide streams, NdPr, Tb and Dy.
These products should be sold at market prices and may even fetch a premium in the market due to the independence of their location.
Processing should be able to utilise surplus sulphuric acid generated from a nearby planned copper mine lowering operating costs.
Each process stream should require just three stages for extraction with the feasibility study work expected towards the latter quarter of next year.
Management now expect the capital cost of the project to be around $150-170m, though much work is still to be done on the cost estimation.
Gakara (Burundi): The team continue to talk to the government of Burundi on the reopening of the mine and resumption of exports. Other mines in the country were also stopped pending renegotiation of the mining convention.
Management expect the mining convention to be renegotiated and for the Gakara mine to reopen early next year.
The value of the concentrate stockpile should have increased substantially since it was blocked by the ban on REE concentrate exports helping with the working capital cost of the restart.
Valuation: We are raising our valuation to 44p from 43p on the rise in rare earth prices though this is largely offset by the increase in our capital cost assumption to $170m.
We have also raised our discount rate to 12% to reflect the impact of the stoppage in Burundi and have raised the discount we apply to NdPr prices to 20% from 10%. We have also raised our discount to Tb and Dy prices to 30% from 25%.
Conclusion: Rainbow is one of three rare earth producers to have supplied rare earth concentrates in recent years. We expect the company to realise substantial additional value as it progresses towards restarting the Gakara mine and development of the Phalaborwa process plant.

*SP Angel act as broker and financial advisor to Rainbow Rare Earths

[lewis winthorpe] 09/11/2021 15:15

They are also in Burundi shortly.

[luffness] 09/11/2021 15:11

Investor presentation yesterday more likely..

[lewis winthorpe] 09/11/2021 15:08

Someone got wind of the PEA perhaps?

[lewis winthorpe] 09/11/2021 15:06

This should be 25p now. Easily.

[lasata] 09/11/2021 14:46

RARE EARTH ELEMENTS – CRITICAL FOR
DECARBONIZATION
The price of key rare earth elements – vital
for generators in wind turbines and magnets for
electric vehicles – continued to leap ahead in
October and early November.
China neodymium oxide climbed to
US$103,210 per tonne in October – double
year ago levels and 2.3 times higher than the
average in 2019 prior to the ‘Great Lockdown’.
China praseodymium oxide at US$105,793.33
in October now stands 2.25 X above year-ago
levels and China dysprosium oxide (a heavy rare
earth) is 1.8 X higher than a year ago. We expect
further gains ahead

[mp79] 09/11/2021 07:22

hxxps://www.africaintelligence.com/mining-sector_exploration-production/2021/11/09/will-us-stake-help-rainbow-rare-earths-get-its-mine-reopened%2C109703702-art?cxt=PUB&utm_source=AIA&utm_medium=email&utm_campaign=AUTO_EDIT_SOM&did=108316643&;eid=681982

Its paid article so I don't have access but it came into by inbox as I have keyword alert on rainbow.

[luffness] 04/11/2021 13:10

"NdPr Rare Earth Oxide (China) US$118,839/t vs US$112,169/t"

and to think Phalaborwa was looking very appealing at $85000 or so just a few montha ago...

[odsjp] 04/11/2021 11:13

To infinity and beyond

[astubbs67602] 03/11/2021 15:43

liking these baby steps!

[odsjp] 29/10/2021 12:57

Rare Earth Elements – Prices in China hit the highest level since Nov/11 as the nation’s power shortage worsens supply disruptions.

The NdPr Rare Earth Oxide price has risen to US$115,041/t vs US$114,932/t (Asian Metals).

The ongoing rise in rare earth prices is being driven by strong expected demand for permanent magnets for wind farms and electric vehicles.

Power rationing and anti-pollution measures in China are of significant concern and may lead to restricted availability of the critical magnet rare earths.

We recommend Mkango Resources* and Rainbow Rare Earths* as offering exposure to future rare earth production and significant upside value.

*SP Angel act as Nomad, broker and financial advisor

[odsjp] 29/10/2021 10:10

Neodymium is now at a 10 year high

[odsjp] 28/10/2021 13:43

Rare earth prices are shaping up quite nicely for COP26 and our PEA.

[lewis winthorpe] 28/10/2021 10:52

That 2mill overhang was holding this back. You will see a steady rise ahead of the PEA due towards the end of 2021

[dumbpunter] 28/10/2021 08:22

We are also excited to be in a position to utilise the technology to secure an interest in other rare earth phosphogypsum opportunities in the region, where we believe tremendous value can be unlocked.