Rainbow Rare Earths Share Discussion Threads

[under the radar] 04/12/2019 09:39

Full ask being paid with no sellers in sight.This will tick up on another few buys .

BUY

[under the radar] 02/12/2019 15:45

The bears have run out of steam and now the bulls are just starting to take over.

Onwards and upwards from here ...

[under the radar] 02/12/2019 12:58

Bottomed?

Wave 3 next = new higher high coming

BUY

[napoleon 14th] 30/11/2019 16:43

BTW China might be playing a more subtle game in rare earth minerals (REMs) than many think.
I gather PRC are heavily INCREASING their rare metals output. That will keep their grip on prices and make it unattractive for others to build up refining facilities, not forgetting that it's a "dirty" industry. PRC's still relatively low wages & environmental standards enable such a policy.
It could enable a bigger hit on REMs later on in the cycle which EVs are driving upwards.
The PRC's main role in REMs is as a refiner, not so much as a miner, and imports most of the raw materials. They already produce some 80% of world supply of finished product. Also, PRC is a long game, not a Trump-like flash in the pan.

[under the radar] 25/11/2019 16:31

www.proactiveinvestors.co.uk/companies/news/907754/rainbow-rare-earths-ceo-talks-kiyenzi-drilling-results-and-new-zimbabwe-licenses-907754.html

[under the radar] 25/11/2019 16:13

Gaps been filled from this morning.

[johny cash] 25/11/2019 11:26

This has serious potential, I agree. In mho I think end of week or early next week.I have my finger on the double position button if you are right ;)

[under the radar] 25/11/2019 10:53

Personally I think this will start motoring up this afternoon.

Looks like all the sellers below 3p have been cleared which means we have clear blue sky ahead imho.

Good luck

[silversoldier] 25/11/2019 10:22

Thanks - will wait for the spike to settle and maybe go from there

[under the radar] 25/11/2019 09:38

29 October 2019





Rainbow Rare Earths Limited

("Rainbow" or the "Company")

(LSE: RBW)



CEO and Chairman acquire shares



The Company announces that George Bennett, CEO, and Adonis Pouroulis, Chairman, both Directors of the Company, have acquired 5,464,481 additional ordinary shares of no par value each, ("Ordinary Shares") in the Company at price of 3 pence per share.



As a result of these transactions, their combined interests now account for 27.48% of the issued share capital, and underline their commitment to, and confidence in, the Company and the Gakara project as it progresses with its plans to develop the resource, with a view to building a much larger bulk mining operation

[under the radar] 25/11/2019 09:38

380m

40% held tight (5% or above).

So probably more like 50% including those between 1-3%

The bod recently bought 27% of shares in issue at 3p as well.

[silversoldier] 25/11/2019 09:34

How many shares in issue here?

[under the radar] 25/11/2019 09:29

Sellers have cleared and buys are outnumbering sells.

Market markets are ticking it back and now we have a very strong base at 3p to build from.

With hardly any shares available this can move very very fast..

[under the radar] 25/11/2019 08:03

Lots of news flow will be coming here in a short amount of time.

Drilling results
Truck starting
JORC etc

BUY

[under the radar] 25/11/2019 07:21

More good news



25 November 2019

Rainbow Rare Earths Limited

("Rainbow" or the "Company")

(LSE: RBW)



Kiyenzi Drilling Data



Rainbow Rare Earths Ltd, the Rare Earth Element ("REE") mining company, is pleased to provide the following update on its exploration and mine development programme.

Highlights

- 2 borehole samples analysed - including sections of 13.87m @4.85% Total Rare Earth Oxides ("TREO") and 11.64m @ 3.86% TREO

- Additional drill cores amounting to more than 1,000m sent for analysis to enable rapid evaluation and formulation of comprehensive Mineral Resource Statement



Kiyenzi drilling history

Rainbow has historically focused on the areas of Gasagwe and Murambi for its production of Rare Earth Elements from Burundi.

During 2018 the Company undertook a drilling campaign at Kiyenzi. This campaign followed on from an exploration programme comprising a ground gravity survey and trenching. In total 30 core holes were drilled, for a total of 1,428m. Drilling was relatively shallow - with the exception of one hole which was drilled to a depth of 150m, all the other holes averaged a depth of just 44m. Drilling was carried out on a loose 25m grid.

In October 2019, Rainbow commenced with the shipment and evaluation of the remaining Kiyenzi cores in order to generate a comprehensive dataset which would enable Rainbow to produce an updated, robust and code-compliant Mineral Resource Estimate currently being undertaken by CSA Global.

The first two diamond core holes, 29 and 31, have been analysed and show continuous mineralisation from first mineralisation strike (both of which were at shallow depths):

· Hole 29 from 17.70m to 38.32 m for a mineralised section of 20.62m at an average grade of 3.45%. including the following sections (shown at % TREO):

o 0.20m @ 45.79%

o 1.32m @ 4.99%

o 0.17m @ 30.47%

o 0.15m @ 33.11%

o 0.15m@ 26.52%

o 0.17m @ 19.10%

o 0.22m @ 13.7%

o 0.12m @ 23.29%



Excluding a section of the core of 6.75m which graded 0.58%, implies an average grade for the remaining 13.87m of 4.85%.

· Hole 31 from 12.45m to 48.90m for a mineralised section of 36.45m at an average grade of 1.63%, with selected sections grading as follows:

o 0.38m @ 10.96%

o 0.42m @ 9.13%

o 1.05m @ 3.05%

o 0.30m @ 11.41%

o 0.27m @ 11.78%

o 0.70m @ 4.51%

o 0.90m @ 3.34%

o 0.90m @ 3.15%

o 0.17m @ 13.62%

o 0.14m @15.39%



Excluding a section of the core of 24.81m which graded 0.58%, implies an average grade for the remaining 11.64m of 3.86%.

Commenting on the results, Rainbow CEO George Bennett said: "With the historical data we have and these encouraging results, I am optimistic that the remaining drill core will yield equally good results, ensuring we have multiple future mining areas giving us mining flexibility while maintaining our record of one of the highest grading REE mines on the continent."

[under the radar] 22/11/2019 20:35

RAINBOW RARE EARTHS – FURTHER OPERATIONAL PROGRESS AT GAKARA
October 30, 2019 | Posted by admin
By Dr. Michael Green



Rainbow is the only African producer of rare earths as well as having one of the world’s highest-grade rare earth element (REE) projects at 47-67% Total Rare Earth Oxide (TREO). The latest operational update was accompanied by news that the CEO and Chairman had between them acquired more than £32,000 worth of shares at 3p, which represents a premium to the current share price; and speaks volumes.

This latest operational update brought investors up to speed on production, the exploration programme and cost control. It provided further evidence that new CEO George Bennet is really getting to grips with the Gakara Rare Earth Project in Burundi, in which Rainbow has a 90% stake. George is in the midst of ushering in a brand-new strategy which could well be transformational with the move to mechanised mining on a far larger scale.

Not only is Gakara blessed with being one of the highest grade REE projects on the planet, but it has a total of 30 exploration targets – which represents extremely good fortune. In a gold licence, companies would be delighted to have 5 gold targets and very happy if 3-4 targets turned out positive.

At Gakara, it seems that pretty well the whole area is mineralised. The mining permit extends over an area of 39km² where so far more than 1,000 occurrences of rare earths have been discovered on the surface. As exploration work at the main Kiyenzi deposit has revealed, mineralisation has been found to exist between the high-grade veins. Across the licence area, REEs have been discovered at each of the 30 targets. In fact, 7 of these targets were the sites of colonial/artisanal mines.

At the same time, concentrate from Gakara contains very low levels of both uranium and thorium, which means that it is readily shippable on the open seas, with concentrate already successfully exported to China which rigorously enforces strict limits on the level of radioactivity. These negligible levels of uranium and thorium are a really important factor and will serve as a key differentiator between Rainbowâ€͐2;s REE concentrate and that of its competitors. Being benign, this gives the company a big advantage as in most global rare earth deposits, uranium and thorium are key elements that must be extracted, requiring additional expensive steps in the processing which adds large opex and capex costs to any project. Not much has been made about this factor, but it is likely to have large ramifications moving ahead.

The big transformation to becoming a bigger scale mechanised operation means that Rainbow needs to get involved in painstaking geological work to establish a drill area that is able to support the new exciting strategy. The plan is now to define a larger orebody to JORC standards and then develop a mining plan to extract a far larger quantity by mechanical means. An exploration programme is currently being developed which will allow the definition of a deposit which would provide for a 10-year life of mine producing 10,000t per annum of concentrate. The exploration programme is to be supervised by Malcom Titley who the ex-head of the mining consultant CSA Global in the UK and by CSA Global itself. The JORC resource is expected to be completed in early 2020, which could ultimately show that Gakara represents a much bigger target. It is worth mentioning at this stage that CSA has worked on Lynas Corporation’s REE deposit in Australia.

To date, production has really represented trial mining. The latest operational update brought news that since the end of the financial year, REE ships have continued with a further 100t of concentrate at 56% TREO dispatched in early October, with additional shipments of concentrate expected to be processed over the coming weeks. Although George has not been at the helm for that long, already he has reduced local costs by something like 40%, which will free up the companyâ€͐2;s cash to develop the resource to its fuller potential. Management estimates the break-even level of concentrate production for the operation to be stable and support that the new strategy has been reduced from 270t to 110t per month of concentrate. The plan seems to be to target break-even at the local level by February 2020.

There looks like a healthy news flow is in the pipeline. The new mining equipment is set to start being delivered in the next month or so, plus there will be drilling updates and assay updates from channel samples etc, which could all serve to refocus market attention on this undervalued REE play. We don’t have to go back that far ago when shares in Rainbow Rare Earths were back above the 7p mark, but currently the stock has slumped back to a lowly 2.58p. Align Research initiated coverage on Rainbow on 6th June 2019 with a Conviction Buy stance and a target price of 10.53p, when the shares were trading at 6.20p. At the current price, our view remains unchanged.

[theaviator] 22/11/2019 19:55

Who got spiked?

[under the radar] 22/11/2019 17:18

Rainbow Rare Earths succeeds in cutting costs as it continues to reshape operations at Gakara

Rainbow's Gakara project is one of the highest grading rare earths operations in the world

Rainbow Rare Earths Limited -

On site at Gakara

Rainbow Rare Earths Ltd (LON:RBW) shipped a further 100 tonnes of concentrate grading at around 56% total rare earth oxides (TREO) in October, as demand for the company’s product remains strong.

Additional shipments of concentrate from Rainbow’s Gakara project in Burundi are due for processing in the coming weeks.

Significantly, the shipments of TREO contain very low levels of radioactive material, a common issue in rare earth shipments from many other operations. The concentrate from Gakara contains very low levels of both uranium and thorium, meaning it is readily shippable on the open seas.

Meanwhile, a delineated exploration programme is ongoing, with an updated JORC-compliant resource statement targeted for early 2020.

Production levels are expected to be reduced whilst the company performs the work necessary to achieve higher production target levels, as it moves its focus from high-grade vein mining to a more broad, mechanised operation.

Rainbow's mining licence has a total of 30 exploration targets, all of which have been shown to have numerous rare earths occurrences that contain mineralisation. Of these 30 targets, seven targets were historically mined, a very good indicator of high-grade mineralisation in mining deposits in Africa.

The company has also implemented an operational cost reduction programme within the first month of new management changes which has led to a material reduction in operational costs.

The management estimate breakeven level of concentrate production for the operation to be stable has been reduced from around 270 tonnes per month to 110 tonnes per month of concentrate.

Separately, both the chairman, Adonis Pouroulis, and the new chief executive George Bennett, have been acquiring shares.

Between them their combined interest now amounts to just over 27% of the company’s shares.

[johny cash] 22/11/2019 16:54

Not a bad day. Now if we can keep above this level and then close next Friday above 3p, then this should have a few lines aligned...Onward toward the moon etc.

[theaviator] 22/11/2019 16:11

Black line a good bit below to be tested. Nevermind. That's it for one day

[under the radar] 22/11/2019 14:24

Looks like the sellers are slowing down now. Once they have cleared we will start moving back up quickly.

We will have a stronger base to build from (above 3p).

[fillipe] 22/11/2019 13:33

Also, it's a Friday and a generally dour one - hence a good time to stock up here.

f

[under the radar] 22/11/2019 13:20

Just the start of the re-rate.

Management and an institutional investor have recently added. Follow those that know and ignore the day traders would be my advice.

This will multi bag - today’s news is a massive vote of confidence and a big step in the right direction.