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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 Shares Traded Last Trade
  0.90 8.49% 11.50 13,245,761 16:35:17
Bid Price Offer Price High Price Low Price Open Price
11.00 11.25 11.90 10.60 10.625
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.42 -2.23 -0.58 44
Last Trade Time Trade Type Trade Size Trade Price Currency
17:06:51 O 150,000 11.55 GBX

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Date Time Title Posts
04/12/202022:13Rainbow Rare Earths Limited2,494
21/3/201707:03Problem With The Figures?13

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Rainbow Rare Earths (RBW) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2020-12-04 17:09:2211.55150,00017,325.00O
2020-12-04 17:06:5211.50323,66537,221.48O
2020-12-04 16:39:3210.85142,17815,426.31O
2020-12-04 16:35:3011.5010,0001,150.00O
2020-12-04 16:35:1711.5020,0002,300.00UT
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Rainbow Rare Earths (RBW) Top Chat Posts

DateSubject
05/12/2020
08:20
Rainbow Rare Earths Daily Update: Rainbow Rare Earths Limited is listed in the Mining sector of the London Stock Exchange with ticker RBW. The last closing price for Rainbow Rare Earths was 10.60p.
Rainbow Rare Earths Limited has a 4 week average price of 5.45p and a 12 week average price of 3.05p.
The 1 year high share price is 11.90p while the 1 year low share price is currently 1.45p.
There are currently 380,314,884 shares in issue and the average daily traded volume is 15,563,328 shares. The market capitalisation of Rainbow Rare Earths Limited is £43,736,211.66.
03/12/2020
08:28
h2owater: News due next week3rd Nov RNSKey terms of the Agreement-- A total consideration of US$750,000, in a combination of cash and shares (priced based on the prevailing Rainbow share price on date of issue), shall be paid by Rainbow to Bosveld in three equal tranches over twelve months, with the first tranche being payable after completion of an initial due diligence process. The due diligence process is expected to last up to 35 days and a further announcement will be made on completion of the due diligence process.
02/12/2020
09:56
h2owater: Key terms of the Agreement-- A total consideration of US$750,000, in a combination of cash and shares (priced based on the prevailing Rainbow share price on date of issue), shall be paid by Rainbow to Bosveld in three equal tranches over twelve months, with the first tranche being payable after completion of an initial due diligence process. The due diligence process is expected to last up to 35 days and a further announcement will be made on completion of the due diligence process.
27/11/2020
11:28
odsjp: It should be no surprise to any investor that they needed money for the co-development as it was spelt out in the original RNS: "A total consideration of US$750,000, in a combination of cash and shares (priced based on the prevailing Rainbow share price on date of issue), shall be paid by Rainbow to Bosveld in three equal tranches over twelve months, with the first tranche being payable after completion of an initial due diligence process. The due diligence process is expected to last up to 35 days and a further announcement will be made on completion of the due diligence process." The economics of it, look like a no-brainer. From an earlier post of mine: "For every 2Mtpa of Gypsum we could derive 10,000tpa of rare earths of which 3,100 is NdPr and we can expect to get 80% of the rare earth price. So looking at overall revenue over the lifetime of the processing we have 17.5 * 3,100 * 50,000 * 0.8 - $2.1 billion dollars Per year that would be revenue of 3,100 * 50,000 * 0.8 = $124 million dollars That is not including what we would also get from the other rare earths (70%)" With the new shares issued and say a share price of 8p our market cap is still only £37M with Pensana at £146M. I think the Forbes article mentioned above gave a kick to all rare earth miners yesterday and if the estimate that NdPr prices will go up from $50K/tonne to $150K/tonne then these shares are only going one way.
26/11/2020
16:14
oapknob1: Guessing a price for shares issue has been agreed?" A total consideration of US$750,000, in a combination of cash and shares (priced based on the prevailing Rainbow share price on date of issue), shall be paid by Rainbow to Bosveld in three equal tranches over twelve months, with the first tranche being payable after completion of an initial due diligence process. The due diligence process is expected to last up to 35 days and a further announcement will be made on completion of the due diligence process. "
16/11/2020
10:44
odsjp: The UK is saying that it plans to ban the selling of new petrol and diesel cars by 2030 bringing the date forward by 10 years. That is a lot of pressure on car manufacturers and a lot of NdPr, Lithium, Zinc etc needed which means the prices will only go up as the supplies are limited. Pensana in one of their presentations mentioned that VW alone would need its own rare earth mine for all the NdPr that it will use for its Id3 model over 30 years. It seems to make sense for RBW to raise some capital and get to work on the co-development agreement of the gypsum stacks as the priority. The material is there waiting to be processed along with the pilot plant and flow sheets. There should be a quick pay back on funds raised and allow the company to firm up the Gakara potential. It can't be long until RBW shares rerate. PRE is now valued at £150M and RBW is £25M.
03/11/2020
09:04
bigdaddio: A higher share price is good. They won't need to issue as many new shares to raise the cash.It would be good if they do it as a rights issue.
30/10/2020
16:22
odsjp: 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.
08/10/2020
08:39
odsjp: 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.
02/10/2019
06:48
under the radar: 3/4] 3. Thoughts on Current Share Price The company IPOd at 10p, giving it a market cap of about £15m. The share price is currently 3p, but with extra shares in issue the market cap is £12m, 20% below IPO levels. The 3p level is understandable, because it's the price of the most recent placing. In the absence of further positive news, the share price could have been expected to drift down to the previous placing level. The placing was at 3p because the price had already drifted, and 3p only presented a small discount. What knocked the share price from 10p to c. 5p was the annual results in Oct 2018 when it was clear the high expected production levels were not going to be sustained. Since then it's drifted lower to the 3p level we now have. In May this year, the price spiked up to 7.5p. That was because of the growing geo-political tensions between the US and China. I suspected that would not be sustained, as the bottom-up fundamentals still needed addressing, and sure enough the price has since drifted back down. However, I think this is now oversold, and the current 3p level is one where it deserves another look. Basically, I think the 20% drop in market cap is unwarranted. Why? Yes, production levels did not remain at the 350 tonnes per quarter level. However at IPO the company was not in production at all. We are now producing. Another negative is that, at IPO, the company had a mining license and an exploration license. The exploration license lapsed without being pursued further into a second mining area. However, since then the extent of deposits within the existing mining license area are known, and are extensive. Furthermore, proper quantification has been done, whereas the IPO prospectus stressed clearly that there was a huge risk because this had not been possible at that point. The company has more than enough areas to mine within the existing area, so the lack of a second mining license is not a drawback given what we know. When you look at the uncertainties at the time of IPO, I'd say things are in a much better shape now, even if it's taking longer than expected to ramp up production to profitable levels.
02/8/2019
21:05
74tom: A couple of months old but very relevant still, imagine what the news of an export ban would do to the RBW share price! https://www.google.co.uk/amp/s/amp.businessinsider.com/will-china-ban-rare-earth-exports-trade-war-2019-5 Martin Eales, the CEO of Rainbow Rare Earths, believes Beijing could afford to take the plunge, however, because rare-earth exports make up a relatively small amount of China's export balance with the US. "I'm sure it is quite possible for China to do this as part of a wider series of actions linked to any trade war with the US," he told Business Insider. The US imported $160 million worth of rare-earth materials in 2018, according to the US Geological Survey. Eighty percent of such imports came from China from 2014 to 2017, the USGS noted, meaning that the US most likely imported about $128 million worth of rare earth from China last year. That would be just 0.024% of the $526 billion that the US imported from China in 2017, the most recent data available per World Bank statistics. "This is certainly a relatively insignificant sum to China in the context of overall trade," Eales said.
Rainbow Rare Earths share price data is direct from the London Stock Exchange
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