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Cadellin,
What Rainbow are doing with K-Tech is quite extraordinary in terms of the flowsheet. George has revealed in the February RNS some of the complexities that have been overcome to date. I believe K-Tech and Rainbow can deliver purified NdPr on decent recoveries by 30 June 2024. It is a critical date as 2026 production is probably now in Q4. I suspect George underestimated all the work K-Tech had to do and at some point as they found it better to use a carbonate then a sulphate and lost some time. A similar amount of time is being taken to overcome any further issues down the NdPr flowsheet. It would be great if the results arrive earlier than by 30 June and I hope it is a case of delivering earlier than missing a target.
As for the share price, sentiment on sold rare earth prices has reduced interest in the sector. The fall to 15p to 12p was probably down to the 3 month disparity to when we thought results may be incoming. McKinley reported importance of rare earths recently and how the sector was not getting investment. Hence we are either at a nadir or heading towards one. Longer term RBW should bounce back. I hope George has it as a credo on his desk not to over promise and under deliver, but to err the opposite way which is hard to do when sentiment is at rock bottom. I believe he has set out the challenges he faces and some of the future targets are not in the companies control, but they are getting in additional expertise to mitigate against some of the risks and have a good chance on staying with their plans.
I regard the project as a long hold.
Tony
Canna ord had us at speculative (25p)
Berenberg had us at buy (38p)
In February we are nowhere near them the market obviously didn't like the RNS of this morning
I agree Tony. High time for an update with some encouraging data and measurable progress
Here's an interview & update with George from the Cape Town mining indabe
https://youtu.be/8d9dPVmFoIg?si=L9axGb3lIKLg_q7L
RBW will give a presentation to shareholders next week. The finer detail of what they are doing at the back end plant should be revealed. A few weeks back iteration protocols to establish best results were being undertaken. RBW then need to sign off the flow sheet design as best of what they know. I am hoping to see some urgency in progressing the project. It can not roll on forever for somebody to complete a PhD.
Sell up and move the ree
There are only empty words in RNS. Not a word about the results of the work.
We have a clear timetable. It has moved out again by six months, but probably aligns with events in the global market. The risks inherent in the project have been made very clear along with actions thus far to mitigate them. I really do hope the flow sheet at the back end plant in USA is finalised in Q2. Hopefully the market responds well to the RNS.
ALL, TRR, EEE and RBW...
The other two I've never heard of. Any opinions on them?
An update is due. Come on George!
He was moved on to the cyber attack unit.
Dare I say the word Reetech, its gone quiet, must have moved on the another China fear stock.
No need to mine most of it is done π
Lot of emphasis on the "lowest opex"/"highest profitability" in the world aspect
Can be found on our website:-
https://www.rainbowrareearths.com/investors/results-reports-presentations/
New info.
Burundi is being renegotiated.
DFS interested in another $100m of the debt finance.
Rainbow will be in production in 2026
The analyst pointed out that while the demand for rare earths is softening in the short term, the anticipated oversupply would represent only a 3-4% excess over the overall demand. Despite the current challenges, the market is expected to adjust and tighten, potentially leading to a minor deficit by 2026. The delay in electrification trends is partially responsible for the oversupply, as industries dependent on rare earths adjust their production and project timelines.
Graphene sounds good π
I would say last half of this decade running up to 2030 for rare earth's lithium etc will be good πΈ
Morgan Stanley cuts MP Materials stock amid NdPr oversupply concerns
https://www.investing.com/news/stock-market-news/morgan-stanley-cuts-mp-materials-stock-amid-ndpr-oversupply-concerns-93CH-3336429
According to Mining Journal's research, since 2020 more than 80% of the US government's nearly $2 billion publicly announced funding for critical mineral financing has gone to three minerals. #Rareearths, #graphite and #lithium. $589 million went to rare earths alone. πΈ
Rainbow is highlighted as one of the important companies receiving funding from the US government (U.S. International Development Finance Corporation) via our backers TechMet Ltd, showing the importance of investing in projects outside of China to develop independent and ethical #supplychains of #criticalminerals, and the poised position of Rainbow to become one of the only producers of all four separated magnet rare earth oxides (including Nd, Pr, Dy and Tb). π π
https://lnkd.in/gKwDjBss
The US gov't invested $589m in #rareearths projects, says
@MiningOnline
πΈ
Rainbow is highlighted as having received funding from @DFCgov via TechMet, demonstrating our strong position to be a producer of all 4 separated magnet RE oxides ex-China ππ