Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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Glad to see the final reports have gone to DAERA and that is a great piece of news as only 42 days from when submitted we could/should get the permit, also happy with second rns regarding H&W as not really good to start work in H&W until we get permit.
Slowly slowly catch the monkey in truth i hate rns as until you open them your a bag of nerves . This one is very nice well down infa and john w
Still can't fathom selling on this news. This would be the time to get on board. Really positive that this got released bang on time. Next two months are going to be mega.
> Milestones promised, delivered and announced ON TIME
I can't fail to notice that one of them slipped from Oct to Nov.
I'm not sure how to understand the "anagement is working closely with the NIEA and DAERA to finalise the timelines for the final activities related to the full marine licence" bit. Does it mean that the clock on the consultation deadline hasn't started yet? And how long will that be when it starts - someone here said 42 days, but I only found info about 28-day consultation process?
We know the game every month the chances the bigger here and jw is doing everything possible to get this . Happy im in at these prices stated of here at .054 all the way down to .042 approx . It will be a exciting couple of months here take your chances buy now or wait .
Marine Licence - Public Consultation period I thought was 42 days, so assume this is going to be agreed with DAERA / NIAE now the have all documentation. FID by end of the year does not depend on the ML being granted, JW has always stated this, but if public consultation period has started I would assume this will be very positive.
Also JW confident with getting the finalised GSA, This was obviousley batted backwards and forwards with Equity partner so once that is done I would assume heads of terms can be released awaiting implementation end of year. There will be a lot of news in quick succession I think.
GSA& Heads of terms (anytime soon)
ML & H&W deal done (30-60 days)
Regarding the Marine licience we are supposed to be allowed an expedited proces as it is apart of PCI (how quick I am not sure).
A good spot Kibuc, I do think if a milestone has slipped from October to November then that should have an explanation in the RNS. May be of no real significance, but as a Project Manager I would need to explain this to my stakeholder if issuing a Project Update.
Regarding release of tender documentation, JW stated in the rns once the timeline agreed by DAERA it will be released,pointless releasing if timescales don't match.