Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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I agree Spoonington. Some here aim to influence sentiment and inexperienced investors can suffer for it. Their intentions are clear from the amount and type of posts. If you’re new here, beware snakes in the grass.
Daz,
Far too many investors treat the postings on internet forums such as this as personal investment advice, remember, it isn't , investment advice should only be obtained from suitably qualified financial advisors. Forums like this should be regarded as just another reference source of information, along with TV/Radio, financial and social media, but it would be a folly to base any investment decision on one source alone!
Even the returns success isn't guaranteed , because they are generally dependant upon trusting whatever information the company releases into the public domain!
For instance in 2015 & again in 2018 and even after visits to Sukari by corporate analysts and brokers were still advising clients to buy in to Centamin because they had assumed they could trust what the company had told them, unfortunately none of them realised that Andrew Pardey and the previous management were on borrowed time by continuing to dig the company into a very dangerous, very deep and very steep sided pit and the deeper they went their position became even more precarious because they really didn't know for whatever reason how too get out of it again without admitting their irresponsible behaviour for several previous years, possibly more but then the inevitable crack in the pit wall appeared and they where forced to own up!
Anyone who claims that this isn't the case is deluding themselves and others because the facts speak for themselves !
Notice that those that try to claim that there are better ways then those being employed by Martin Horgan and his team now to put Sukari right never actually come up with any credible, less expensive, even remotely workable alternative of achieving a safer and more efficient Sukari operation.
Deflection & obfuscation- if you continue with this I will remove the gloves & become invective as previously advised :)
Why not give it a rest Spoonington? There are no prizes for being a key board warrior.
Please keep on posting the good stuff of you insights, comments and thoughts on CEY but your aggression against Mr Tibbles is unbecoming and quite frankly a pain. You made your point so why not move on?
One may pose the same question to you, i feel I have a right to point out clear inaccuracies, if that offends you sir I will not apologise :)
Hi Somnamna,
Let's hope that the re sculpting of Sukari will finally make the whole operation much safer and more efficient, evidently in the past because of restricted access and ventilation the underground operations were never regarded as seriously as they should have been, but the new changes will mean that the underground workings will be far more easily accessed and this along with the reduced cost of in house operation should be of great benefit to future guidance and profits!
Keep well!
Tibbs
Somnamna should have sent the previou message to you as well.
I see you have changed your tune about accessing underground from the open pit. Just a week ago you were on about Bonanza Grades from deep mine. As you did not realise till now.
As I have pointed out to you several times , only " possible Bonanza Grades " , was in Horgans statement.
You change your coat often , like the Vicar of Bray.
MrTibbles - that all sounds logical but it doesn't matter. The govt have got their hooks in and will just get more and more miltant until they get more money and that will require a sale. Promise. It won't be fair or logical. You have a military power in govt, its massive political risk at play and everything else is irrelevant.
Please change the tagline, Spooington is my doggies name, she is very special to me, I apologise for using her name indiscriminately purely my mistake
As ear;y as 2015 Kees Dekker highlighted how essential the the higher grades in the underground were to the viability of the whole operation as they were used to supplement the lower grades from the open pit.
This statement came later in Dec 2021
Horgan described these as “bonanza high grade structures” located within both the open pit and underground mines which hosted very high grades of around 30g/t and higher.
He commented, “Sukari has a history of producing these limited, high grade zones, particularly from underground, which have contributed significantly to annual production totals.
“ They were previously discovered by chance but – with our new geological framework and a review of the current drill data base alongside the re-logging exercise – the team is starting to identify and evaluate these opportunities in a predictive, structured and systemic way which allows them to be fully evaluated and then maximised before inclusion in the mine plan.
https://tinyurl.com/bd7ne4jh