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TSX Lithium explorer International Lithium Corp prepares to drill at Raleigh Lake
Exclusive: Hardman & Co Investor Forum - Severn Trent, Calculus Capital, Volta Finance, Residential


Rainbow Rare Share Chat (RBW)



Share Price: 4.25Bid: 4.00Ask: 4.50Change: -0.55 (-11.46%)Faller - Rainbow Rare
Spread: 0.50Spread as %: 12.50%Open: 4.80High: 4.70Low: 4.20Yesterday’s Close: 4.80


Share Discussion for Rainbow Rare




View all RBW Messages

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RHI87
Posts: 363
Premium Chat Member
Opinion:No Opinion
Price:3.25
RE: China
24 May '19
Hahahahaha, oh my days!!!!!

Erm, and you’re blessed with what inside info?!?

Have a great weekend all, including our resident mystic megs
 
smith999
Posts: 1,342
Opinion:No Opinion
Price:3.25
RE: China
24 May '19
Hazrat what are you saying? That they are going to do a placing to secure funds a they are not producing enough to make money. What price would they do a placing? 1-2p, this would be a 50-100 percent loss for people who bought a few days ago.
m_wall
Posts: 474
Opinion:No Opinion
Price:3.25
RE: China
24 May '19
Don't be swayed by people's comments on here, including mine. As a multimillionaire yank once told me: nobody knows nuthin'.
m_wall
Posts: 474
Opinion:No Opinion
Price:3.25
RE: China
24 May '19
TechMet has made an equity investment and signed a binding agreement to create a Joint Venture to develop a processing plant, so if the company is as poor as you say it is then they're clearly throwing good money after bad.
Jiving
Posts: 1,094
Opinion:No Opinion
Price:3.30
RE: China
24 May '19
Hazrat & Tiger thanks a lot for those brilliant summaries. As a potential new RBW investor you have given me 'food for thought' and some.
TigerByTheTail
Posts: 2,764
Opinion:No Opinion
Price:3.375
RE: China
24 May '19
Hi Hazrat!
I can't agree more. The narrow veins of almost pure bastnasite and monazite are a geological curiosity, but they are not a commercial deposit - especially considering the extra costs and difficulties of operating in Burundi, one of the most unstable countries on the planet. When your target is reaching operating break-even, and you consistently fail to hit it, then as a business you are operating on borrowed time.
I'm still confident that there is exploration potential in the licence area; but they need to find a large tonnage of non-radioactive carbonatite ore which grades higher than the Kiyenzi breccia deposit, in order to justify all the risk and costs associated with operating in Burundi. So far, they have drawn a blank on that.
The Chinese have shown no signs yet of banning the export of rare earths, so the traders will leave now, and it will soon be back to business as usual.
hazrat
Posts: 541
Opinion:No Opinion
Price:3.80
RE: China
23 May '19
Phoebus you miss the point. The veins are too thin to allow economically viable mining. I doubt Weatherley had a copper mine consisting of dispersed narrow veins with limited quantities of ore.
hazrat
Posts: 541
Opinion:No Opinion
Price:3.80
RE: China
23 May '19
Hi Tiger,

Maybe as we have been here for a while we should explain where the company really is. I will give it a go:

1. A year after production commenced the tonnes mined run rate has decreased significantly compared to the first quarter of production.

2. They have managed to acquire a fleet of vehicles that are not suitable

3. The much vaunted high % veins have turned out to be tiny and so vast sums of money have been spent for no return

4. They have found a fairly big low % area but the capex costs to exploit are likely to exceed the revenue generated.

5. The fixed cost base is too high for the tonnes produced and even a doubliing of RE prices won't make much of a dent.

6. Unless the company makes a big find, it is likely to chase its tail across the licence area.

7. The offtake agreement is a killer, as are royalty payments and transport costs, which are going up despite promises to cut them.

All in all, this is no different to a day at the races. Gamblers will be saved if they discover a lopolith, otherwise endless dilution awaits.
iaintgotaclu
Posts: 7,964
Premium Chat Member
Opinion:No Opinion
Price:3.975
RE: China
23 May '19
PHOEBUS Take a Bow explained excellently
Phoebus
Posts: 5,809
Opinion:No Opinion
Price:3.975
RE: China
23 May '19
A few on here need to see the bigger picture. The main driver here is not the profitability of RBW's operations and not all SP drivers have to be an RNS. The threatened Chinese export ban on REE is all that is needed to send this supernova. Tiny loss making and indebted copper producer Weatherly International rocketed over 1000% when the copper price turned around in 2017. If REE are weaponised by China their price will rally far more than copper did and so will RBW, thin veins or not. Manufacturers will be desperate for whatever REE they can get and at whatever price.
iaintgotaclu
Posts: 7,964
Premium Chat Member
Opinion:No Opinion
Price:4.125
RE: China
23 May '19
o look 4p gone 5p next
arfey
Posts: 1,290
Opinion:No Opinion
Price:4.025
RE: China
23 May '19
School opens at 9:00 ,playground at 10:30. Keep by the rules please
TigerByTheTail
Posts: 2,764
Opinion:No Opinion
Price:3.80
RE: China
23 May '19
Hi Hazrat!
Good to hear from you. Yes, a lot of the posts here are pretty comical - very few of the traders seem to understand the first thing about Rainbow.
It's just another pump and dump, and this week it's Rainbow's turn. Next week: a tech stock, a pot stock, a tiny oiler, who knows?
Anyway, hopefully it gives a few long term holders to sell out at a better price.
hazrat
Posts: 541
Opinion:No Opinion
Price:3.60
RE: China
23 May '19
Why is almost everyone (except TBTT) ignoring the fact that the company has so far only found some ceappy little veins that are not economic to recover and 1 area of low grade ore that will require significant capex to develop for little return?
arfey
Posts: 1,290
Opinion:No Opinion
Price:3.60
China
23 May '19
If there is no trade war, China is still going to limit exports to the world, due to its own ever increasing needs, Rainbow sitting nicely .




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