Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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I don't care what you think, you are an idiot.
I don't want to upset you, but this is not a pilot plant. This is the maximum - a demo installation. At the same time, with mediocre performance indicators.
Yes its a pilot plant.
SmartPunter, Are you serious about this?))))
RBW managed to replenish the strategic reserve of rare earth metals in the USA by 5.5 kg.
MREC/MRES Now.
Oxide by end of the month
Anything to supply?)
George mentioned that he was in discussions to supply the US strategic Rare Earth Stockpile
Excellent article
You are correct!
This is exactly what the Chinese do.
https://www.aspistrategist.org.au/china-shows-how-western-governments-should-stockpile-minerals/
ReeTech, the question is, How long will they keep up increasing supply to exceed demand. There is no point in squandering your resources in the long term. Even a slight over supply has a devastating effect on the achievable price, as the price of future supplies take the price of the last ton sold, until such time as the supply/demand balance changes.
One thing the Chinese are not is stupid. If you were them, would you exhaust tour own supplies at 1/2 or less that from a achievable price of a carefully managed extraction as a long term policy. Then be at the mercy of the external supplies to maintain your own industry.
Https://www.brecorder.com/news/40292445/chinas-jan-feb-rare-earth-exports-climb-187-yy
Looks like the trolley bus was full, luckily it brought the B team.
China Northern Rare Earth (Group) High-Tech Co. released the prices of rare earth products in March 2024. The prices of many rare earth products fell month-on-month, while the price of cerium oxide increased month-on-month. Lanthanum oxide was quoted at 4,100 yuan/ton, the same as February 2024; cerium oxide was quoted at 7,600 yuan/ton, an increase of 16.92% from February 2024. PrNd oxide was quoted at 365,700 yuan/ton, down 9.68% from February 2024; neodymium oxide was quoted at 374,000 yuan/ton, down 9.49% from February 2024; PrNd alloy was quoted at 455,000 yuan/ton, down 9.36% compared with February 2024; neodymium metal was reported at 465,000 yuan/ton, down 9.18% from February 2024.
RBW has "far-sighted" carried out work to clean up "undesirable elements"- "Having first successfully produced a mixed rare earth sulphate, it was decided to further beneficiate the product, removing certain unwanted elements, with the optimal end product for separation agreed as a cerium-depleted mixed rare earth carbonate, providing a higher-grade feedstock to the back-end separation circuit."
And now the mykonos snake appears, ask yourself, what are they worried about.
A hard-hitting academic study by specialists at highly-regarded Harvard University in the US has concluded a series of investigations that point clearly to “collapsing state capacity” in South Africa – and a bleak outlook for the country.
The report, the finalisation of a series of nine studies over two years, and the culmination of the renowned Harvard Growth Lab’s investigations of South Africa’s rapidly deteriorating state-provided infrastructure offers little hope on current trends – and it sharply underlines the hurdles before the ruling African National Congress (ANC), just six months ahead of a national election.
https://www.theeastafrican.co.ke/tea/rest-of-africa/south-africa-hurtling-towards-failed-state--4449744
02/13/2024
Recently, South Africa evoked opposition in some quarters by bringing a case against Israel to the International Court of Justice on the account that the latter is perpetuating genocide against Palestinians. Israel’s response to the terror of Hamas has been widely denounced by the mainstream press, but irrespective of the legitimacy of South Africa’s claims, this matter has brought South Africa to the forefront of public discourse, and as such, an examination of the country is necessary.
Under the leadership of the previous president Jacob Zuma, this incestuous relationship blossomed to the detriment of public finances. In collaboration with the government, prominent businesspeople benefitted from lucrative contracts, and government officials who refused to endorse corruption were replaced. Zuma resigned in 2018 and was slapped with a litany of charges from tax evasion to fraud.
Socially, South Africa is crumbling with an education system in shambles. Most government schools are underperforming and many lack laboratories, toilets, libraries, and sporting facilities. To make matters worse, Rosa Sommer reported in an article that in 2022 over fifteen hundred underqualified and unqualified teachers were employed in public schools. Mismanagement of resources is a serious problem in South Africa because poorer countries outperform South African students on important tests.
Reading international reports on South Africa is quite troubling since they rarely promote a favorable picture. Writing for Bloomberg, S’thembile Cele likens South Africa to a failed state where people meticulously monitor time so that they can use utilities before they malfunction. Power outages are a routine and government services barely work, so time management is a must to achieve daily tasks. Prominent South Africans think that the government is failing society. Cele quotes the bleak remarks of policy analyst Tessa Doom: “We don’t feel the effects of having a failed state. . . . But we certainly are feeling the effects of a failed government.”
https://mises.org/mises-wire/new-south-africa-now-newly-failed-state-dont-look-things-improve
OH dear: what a fiasco Gakara has turned out to be, We had better tell Dumbo as I don't think he or a lot of others saw it either: Funny how it was written off in June but in the 19 September presentation they stated they were still negotiating ! Certainly "Price Sensitive" but was not reported till October ~ more deceit
" As such, the Directors
no longer intend to invest significant capital
at the Gakara asset in Burundi to convert the
existing resource target to a reserve status.
This resulted in an impairment review being
carried out for the Gakara assets in the year
ended 30 June 2023 and led to the net assets
being written down to nil as at 30 June 2023."
He's an ex-employee and friend of the ceo.
What a strange person. Clearly not up to speed on the current position and Burundi. Do some research.
To hold Pre from lows to over two quid and then watch the sp drop to 15p defending the management approach speaks volumes. You are too close to the Atherley's. Must be a relation or just one of those who feels they are part of an imaginary inner circle.
Alk are on the same trajectory yet pre and alk defense is continual.
I really hope you get some reward from your somewhat alarming loyalty. Of course if you are related then what can you do.
Keep your happy ears open and try and not let contrarian opinion bother you too much. It's not worth your health and mental state.
Dumbo, Lewis ~ Seeing as you have recently polluted the PRE page with you rantings, I thought I should return the favour. Especially since Dumbo choose to tell unresearched unsubstantiated lies (LJ OPEX is < US$4,000 t not the 5,000/t as he stated)
Now Dumbo just made an surprisingly correct assumption yesterday ~ "lack of News"
What "News" could that be ? Possibly what ever happened to the Pilot Plant producing 300kg before Christmas, K-tech are still waiting but that JV agreement is running out of time. I doubt if they were impressed by receiving a measly 5kg in three tranches from the Johannesburg Drill Assay Lab instead of the Phalaborwa slimes dam; certainly did not need a fork lift for that one !
And
What are/were the problems with the PP (my bet is they are unable to achieve steady state production due to all of the filters continually clogging up with colloidal gypsum) or is it unacceptable levels of toxic waste product ? Either way it seems that the PP is not fit for purpose. But I am only guessing there because Management has failed to keep you Shareholders informed.
Of course they have an established record of not keeping SH's and their host Governments informed as to what has been happening. It has now been 2and a half years since George's "The World's Richest Rare Earth Mining Operation" was placed on care and maintenance at request of Burundi Government" Last comment was "We continue to engage with the Government to renegotiate terms of the Mining Convention and to restart operations".
Wouldn't it be nice to have some "Official" information instead of having to sort thru the rubbish that Lewis and Dumbo post on everybody's pages as they try to stop the ever declining SP ?
The volume is so low that it is easy for someone to lower the share price by selling down in small amounts.
I expect the price to continue falling slowly until the next big news event and a ramp up in price. I have been invested in RBW over 4 years and have seen ups and downs from 1.8p to over 20p and have bought at both levels.
For me it is just part of the journey to the big rise, which has been a long journey but, hopefully not so far away.
Https://www.miningweekly.com/article/long-lead-item-orders-placed-site-preparation-works-well-under-way-at-longonjo-2024-03-04
While RBW is marking time, "optimizing" the technology.
"We look forward to providing updates on the pilot plant milestones during Q1 2024"
Next 4 week based upon last update. We did of course have the resource upgrade to date.
Lack of news on the Pilot Plant, probably.
Anyone speculate on why the sp is constantly dripping lower. I recall there was a seller around 14p some time ago but was sure that cleared.
Is it just lack of piloting news? When can we expect renewed flow, feels like momentum needs re-establishing.
Good buying opportunity of course