Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video 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.
DR advising against hopes of substantial money for Mabega / Malelane - though surely they have to have some degree of meaningful value for us? $523 million NPV at Malelane alone, so what would be a fair market value in the current climate for both??? Common sense approach in my view as we have assets that can't be realised for the considerable future. Perhaps they are going to redirect towards more precious/specialised metals once again. That is after all where they have excelled in the past.
I think that point he is making is it will be a fraction of the mined value, this will be the that got away in terms of big fish. The asset have been improved in value as it has a JORC and other studies so its an up scale version of the deal we have done today. Does anyone know what we paid for both ore assets ? Its like we have the planning permission and need to flip for a quick buck rather than the big buck. I am glad they are back to what they know best.
CB, yes, I understand that. Just wondering what that fraction may be. I mean, 1% alone of Malelane NPV would almost double our MCap! Throw in Mabega and a share of Leinster and there has to be some significant value for us, surely, based on what we are currently valued at?
Well as we haven't done deal yet I am sure DR will squeeze the best deal he can, not sure how much it will impact price though. Still need Togo to light the fuse.
What has gone before is now somewhat of an inconsequence IMO. What it has cost to get this far or what value it would bring to FRX has had no bearing on the SP for ages. For DR to move on provides hope of much shorter term recurring revenues from the gold. If the disposal of Gabon/SA IO projects and the SA MN project generate a fraction of their 'perceived value' for me that is a great thing - it puts more cash in the bank, allowing DR to be far more acquisitional - today proves that he can deliver on that front and still move the company forward against the backdrop of difficult commodity markets. As has been said, 1% of the mining value of these projects will still inject significant cash into the coffers - who knows, we might even get a 'special dividend' - now wouldn't that be nice! However, I suspect in DRs mind, receiving 1% of the value of these potential projects is nothing to crow about. As PIs and shareholders though, I think today speaks volumes. Predictably the get rich quick crowd will no doubt disperse until further news - hey ho. GLA GLA