The next focusIR Investor Webinar takes places on 14th May with guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
There you have it folks. Rbw down by 6% on the week after export suspension. If that's not bullish I don't know what is.
Sort this mess out, resume export on good terms of China and Burundi plus positive drill results. I don't even want to think what we will be trading at.
Have a good weekend all
Ok, thanks LB
BritishMike... License is not dependant on scale.
Fully permitted; 25 year mining licence.
ATB LB
Thought things were going to smoothly. I wonder if the ramping up of 'pilot mining' and that RBW are about to 'make profit' has been pushed to the point the Burundi mining department consider it no longer 'pilot mining' and new 'full scale' permits etc. are required?
Exactly Sussex, bar Malaysia and Estonia, these sites are all under construction. I'll wager the Chinese are processing some 99% of the world's rees, 90% is being touted to make the West look like we took our eyes of the ball rather than grossly incompetent, insanely reckless, criminally negligent...
Worse, in the case of the US, slavishly devoted to the principle of market forces which allowed MP to go under as laissez faire economics were more important than national interest.
If I learned it takes half a ton of rees to build a fighter jet within a couple of days after buying RBW, sure NATO knew that being beholden to the Chinese was unwise.
Tornadotony,
Thank you for this. This had slipped through the net but I note the connection with this and the Estonia facility, in terms of supply and technology:
https://cen.acs.org/energy/energy-storage-/US-rare-earths-make-stop/99/i8
Sussex
https://cen.acs.org/materials/inorganic-chemistry/Utah-based-Energy-Fuels-plans/98/web/2020/12
Nicodemus,
Lynas have a processing plant in Malaysia, fed from their operation in Australia. There is a small refining operation in Estonia. MP are rebuilding the plant in the US, Lynas are to build a new site in Texas and Pensana are building a refiner in Hull, UK.
A couple of figures I keep seeing bandied about from several reasonably intelligent publications e.g The Times, Guardian, Washington Post, NYT - are ball park figures that China mines 80% of the world's ree but processes 90%..
In regards to processing, is actually the case or is it far more worrying for the West than that. I ask because it it were true, then 10% would be processed elsewhere but I fail to see where that capacity is. Certainly MP are starting to get things moving and Lynas are setting up a plant in Aus but who and where are the 10% rees being processed at the moment?Any ideas anyone?
SA & Zim were opportunities that we gladly took. Yes, spreads risk, but not in response to a present risk.
The BI thing is of no consequence, but needed to be RNS as material. The wise are buying here sub 30p.
This goes along way to answering my question, from an earlier RNS, why was RBW erecting the process plant in South Africa, miles away from the ore in Gakara? I did raise the geopolitical risk, as well as the skilled workforce, at the time as a potential factor but I thought at that time moving ore across to Tanzania, onto ships and up into South Africa as a little inefficient but clearly the BoD are far more astute than I gave them credit for.
In the short term we need to be mindful that China controls the refining business and there are very few buyers that we can turn to. In the medium to long term all bets are off with MP, Lynas and even Pensana to come on stream.
On the back of this I have taken the opportunity to add a significant RBW investment, at what I see to be a discounted share price.
Might the temporary suspension of rare earth concentrate have anything to do with George's comments in the the recent webinar, i.e. that future sales of concentrate might not go to China for processing?
Methinks that George and the BoD of Rainbow have been given a slap on the wrist. Hopefully, normal business will resume in short order.
GLA