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.
Next week we approach June and Mr B is surely going to have to release an RNS About impending drill.
So either this week coming or early the following.
This RNS is crucial for investors as if no concrete news on LP is in it, investors need to choose whether to sell up prior to drill, as share price will drop if a duster or just sit and wait in hope of LP in future and take the ‘ride’ with the share price .
We may still have further to go on pre drill rise, we may not……so decisions for investors are imminent.
I just hope Mr B is finally going to deliver a block buster of an RNS……with the top billing being the LP….
Delay spud date RNS is that MB is waiting to secure LP. LP is the catalyst.
He knows and we know LP needs to be granted to make investors secured.
Next week is very important to see if we finally get LP with no more drama.
Sounds there are lots have been happening but regardless we need LP asap.
Guys I am pretty sure we get it sooner than later hopefully next week.
Enjoy your Sunday guys
Agreed Sir Bob. It would be unethical not to release an RNS setting out the position relation to the special licence for Heron prior to the raptor spudding taking place. Many investors would wish to top slice their investment if the special licence is not granted prior to spudding raptor. This is on the grounds that the raptor drill is high risk and investors will want to protect their principal investment. I know you hold a high volume of shares just like me and need to make an investment decision based on risk.
Hamm - it reads like you might just be preparing to flop back to the dark side!
Re all this continuing “LP any day now”, this has been said for 6 months. I’ve been vocal about how frustrating it has been, but really it does need to happen soon or at the very least MB needs to deliver some other good news. All we’ve had from him in the last year was a false promise from the mining minister about “1-3 months for LP” and a request for more cash from shareholders.
Time to deliver some tangible and actual good news.
Doc, that is just your interpretation. I am very positive that LP will be granted soon an I hope next week. It might just drop tomorrow. The like of you who sold earlier will be left behind for ever. When LP drops fences sitters will not be able to catch up and get any shares with this ridiculous price. We all know how fast the share price will move. That us what happened when it was 3p and in a matter of short time got to 35p.
If LP RNS lands with all the other news then exoect this to rocket past 15p on the day mofos !
I would be the first to winge if i didn't see progress made. I've got big amounts invested.
I've been following it very closely and clearly lot more is happened this year.
Like i said before MB needs to do a better job at communicating with the shareholders.
He could've posted about the meeting in IOM.
If all good news lands this will be 20p + imo
@CW how’s your dog training going ?
All good the sun came out today on our mountain so lots of time out with the dogs. No longer bored border collies.
“No one is giving a good reasons why LP won't be granted”
How about because we are STILL waiting?! Genuine question - when exactly did the right to grant LP legally move from local to central government? I honestly can’t remember.
But it’s been a long time so why the continued delays? Presumably because they don’t want to p155 off the locals (voters). So, if the locals continue to really dig their heels in and cause all manner of issues, the government might decide to not bother extracting oil in that area because, as has been mentioned, there is plenty of oil elsewhere.
Clearly, I hope this doesn’t turn out to be the case. But it’s rumbling on and on. May quickly disappearing and another month gone.
Anyway, there’s a genuine reason why it could go wrong.
We all know that LP confirmation is overdue.
We all know that ministry of mining has promised to sort this out.
We know that oil/H LP is of national importance.
We all know that MB is as eager as we are if not more to get LP sorted.
We still have time to sort out LP and I believe it will.
As I said my guess is that MB intentially is waiting to get LP sorted before spud date.
However we are a bit disappointed that LP hasn't landed yet and the share price is under 10p.
Till the opposite is proved I am very positive that LP will come soon and expected next week.
I don't see why MG doesn't approve LP.
Guys, why MB would be on IOM if for a second he thought that MG wouldn't approve LP?
Doc, your question isn't genuine, is it? You just talking down MATD hoping to effect the share price which I doubt. Doc, we all know that you have sold and try to buy back.
Enjoy your evening guys, all.
“Doc, we all know that you have sold and try to buy back. ”
Yawn. I most likely have a larger position in MATD than you do.
“Till the opposite is proved I am very positive that LP will come soon and expected next week. ”
I’m the other way around. There have been endless delays and continue to be. Until the opposite is proved (LP finally given), I’ll continue to expect no news!
I don't think there will eBay RNS tmrw u less we have the LP or anything to add, all matd have down is created a joing company which probably doesn't have any business agreed to it at this stage so not worth a RNS, or is price sensitive really, but the plans to go in the eco energy side of business is already known,
Does anyone think that the LP maybe be signed this week? Would this JV held up the LP?
Sorry predictive texts take over my phone keyboard and I should really check before posting
Locals can't do anything. Just look at PC situation. PC has broken so many rules but the production doesn't stop.
PM is stone throw away from PC facilities and Heron is over the fence. Check google map . I can help you with exact locations.
Exploitation licence is given and LP will be granted soon.
I would be gone if i didn't think LP was not going to be given.
Master - in that case, why wasn’t LP given 6 months ago or within the 1-3 months quoted?
Some late night reading…
https://www.bloomberg.com/news/articles/2023-05-21/macron-says-mongolia-to-supply-critical-metals-for-green-push?srnd=premium-uk&in_source=embedded-checkout-banner
Because there has only been 15 cabinet meetings this year . Only last week oil companies were discussed.
If you check the topics they were all different and was not oil related.
Mrpam minister was in parliament las week and oil companies were discussed in cabinet meeting.
we waiting around a year for EL and same discussion was going on i was doubting it too. And finally PM was given it after a year .
LP has been discussed for a while and mrpapm minister had paperwork ready for signing . Won't be far off.
Doc why do you think all these flies are buzzing around the sh.t . Mongolia is at the centre at the moment. Its never been this busy . The war has changed everything . Also west afraid China might takeover the mining industry like they have in African countries
LP WILL come and why get fast track through special cabinet permission.
If you think WILL NOT come but you still hold "larger position" then think you are liar. This have been price before when same person try to talk share down but BUY at same time.
What do you think he do now when he know RNS about to come. Sneaky ;)
Person who say LP delay until refinery because "Govt want to keep all oil for themself" maybe do not think like sensible person think. Govt will lose revenue from production through PSC. Very simple unless you are simple ;)
Mr Master ask you to think why all different country visit Mongolia and talk about business & energy/ mining? New Govt open up for foreign investment & invite money in.
Now think of Petro Matad / Mongol Govt meeting in Isle of Man. Think can only be to set up new partnership company which will be part of foreign joint venture Operation in Mongolia with company who have in country experience. This is Petro Matad.
This us logic simple & does not need visit to a sneaky Doc to understand.
Be Happy but not simple but easily mislead :)
Good to hear from you WOS. I totally agree with you. GLA
WOS you don't half spout some rubbish! Think you know other folks investments & strategy, sneaky this & pants down that, what a load of old tripe. You don't know your backside from your elbow matey.
& BTW you didn't answer my earlier question - WAS PM DISCUSSED AT THE RECENT (MINING) CABINET MEETING?
Just say you don't know if you don't know