Rainbow Rare Earths Share Discussion Threads

[oapknob1] 03/11/2020 00:04

Anyone RBW knows there ; - )Resources 4 Africa is pleased to announce the 6th edition of the annual Junior Indaba, taking place at the Johannesburg Country Club, Auckland Park, on 3rd & 4th November 2020.This Indaba, known for its straight-talking and frank discussions, will provide an update on the status of the exploration and junior mining sector in Africa.

[timnicebutdim] 02/11/2020 16:35

You mean going over 5p today

[magicmayhem] 02/11/2020 11:05

I assume a lot of those sells are actually buys. Very tight spread so I can see this going over 5p this week

[oapknob1] 30/10/2020 17:59

All those sells showing but share price is up.

[odsjp] 30/10/2020 16:22

Still only a £20M cap with Pensana now at £134M.

A re-rate has to be on the cards at some time. It sounds from the preliminary results that a plan is in place to improve the trial mining and further enrich the resource with a drilling campaign. It seems that the financial year 2019/2020 was a bit of a step back and hopefully they will make some real progress for 2020/2021.

A 20p share price would be a market cap of <£100M so certainly do-able in the next 18 months in my view. Fingers crossed.

[oapknob1] 30/10/2020 16:08

20p could be fair with JORC Resource report in 12-18 months. If the keep proving up ground and keep costs to a minimum with increasing production, it's looking good. The potential size and high grades will have caught the Majors attention.

[magicmayhem] 30/10/2020 12:52

Good to see this is going up. Last time it went up this quick I sold out at 20p

[oapknob1] 30/10/2020 10:39

500,000 trade at 5p. Think someone is positive.

[johny cash] 30/10/2020 09:48

Think of the positives Ala.

[sleveen] 30/10/2020 07:15

Looking at 3-5 years to hit main production levels.

[livewireplus] 28/10/2020 15:27

Just after the next RNS ? :-)At least it is Blue today :-)

[glasswala] 28/10/2020 14:54

So when is the fund raise expected??

[magicmayhem] 28/10/2020 11:37

The chairman and CEO statements seem pretty positive. Would like to hear from the more knowledgeable (not me) out there on their opinions. Is this due for another run to 20p

[timnicebutdim] 28/10/2020 11:19

Who knows in 5 years time could be 50p a share

[sleveen] 28/10/2020 07:50

Financial position somewhat delicate.

[sleveen] 28/10/2020 07:50

Financial position somewhat delicate.

[thelung] 26/10/2020 09:16

Confirmation of shipping the 210t of concentrate which was in stock?

[oapknob1] 26/10/2020 09:13

Something afoot

[johny cash] 13/10/2020 12:42

I say that with a supportive bias. I'm in at these levels for the duration of ride.

[glasswala] 13/10/2020 12:26

Yes but everyone knew that this was going to be the case and that a fund raise will be needed in the not so distant future

[johny cash] 13/10/2020 12:20

Great news about whats in the ground. Of course funding is the flashing red beacon.

[odsjp] 08/10/2020 16:30

RBW down 7.8% today and PRE up 13% on no news. Looks like I will need to change my investing strategy from contrarian to momentum.

[livewireplus] 08/10/2020 09:53

Indeed ... put the shares in a draw and wait ... look how long it took before EUA went ballistic ... patience is a virtue :-) However in the Rainbow situation I think it may well be less than the two years you mention before we are suitably rewarded ..

[odsjp] 08/10/2020 09:39

I don't get it.

I would have expected the share to at least triple from its current share price. I think the board really need to do more on the investor roadshow front as this should be a compelling story.

They are looking for an initial focus on 5,000 tonnes of rare earth concentrate. They have mentioned before that 20% of that is NdPr which accounts for around 85% of revenue. So that is 1,000 tonnes of NdPr at 50,000 USD/tonne so would be revenue of approx $50M/year.

Each electric car needs 1Kg of NdPr and a wind turbine 3/4 tonne of NdPr. VW would alone need its own rare earth mine to produce the expected number of Id3 car in the next 30 years. It is estimated that the basket price of NdPr will double and triple in the coming years as there is an increasing demand and limited supply of these minerals.

If RBW get to 20,000 tonnes a year with 20% being NdPr then that is 4,000 tonnes and lets look on the bright side that the NdPr basket price triples to $150,000 our tonne (It is up 30% this year to 50,000/tonne)which would be revenue of $600M.

In the mean time we are looking to continue trial mining at 100tonnes per month all for £15M market cap. So we have proven the minerals are present, we have a cheap and green way of separating them with no harmful substances, we can get them shipped to an increasing number of suppliers.

BP have separately written a report that we could be past peak oil and the push for electric vehicles and green energy will only further increase in a post covid world.

We are obviously not on anyone's radar at the moment. Pensana's market cap has now hit £132M and they are in a similar position to us but not producing anything.

I think the only thing to do is put these shares into a draw and wait two years.