Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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On the subject of the delay I relistened to Mike Buck's webinar to see how definite he was when stating that he had been given the 'infamous' 3 month assurance. I wanted to see his body language and whether he was at all vague when saying it. There was no ambiguity however and he doubled down later in the clip saying they were the minister's "actual words." It is worth rewatching with the benefit of hindsight. It made me remain confident the LP will drop. If you watch his body language during this section and compare it to how he speaks about the raptor's timing and the six million bucks in the bank (before the fundraise) he does seem to be very certain on this point.
Nines Im glad you watched it it is worth everyone revisiting that webinar
Green-ness suggests the ramper(s) have been out in force today. Must be getting desperate.
There was no ambiguity whatsoever... you are absolute right. Special purpose certification would be fixed and within 1-3 months from October said the Minister to Mr Buck.
But it didn't happen.... so what went wrong?
(And don't bang on about the matter transferring from local govt to central govt for resolution as being the reason .... there is absolutely no proof of that, just your opinon WOS)
What went wrong - it’s in the 5/12/22 RNS, isn’t it?
Local meeting in MATAD district voted against the central government certification.
Which prompted MRPAM to write to MMHI recommending certification. At this point everything changed. Moves were made to move away from a local decision and into the hands of central government.
It’s in the RNS. I’m sure you’ve read it by now.
Watched it too, however, he did scratch his head regarding the V1 drill timing (quarter) and edgy in his seat when talking about money, perhaps just a sneaky fly buzzing around ;)
On a serious note, I felt confident in what he said, hopefully not long to go now :)
We can all now play poker with MB! When he scratches his head he's bluffing and when he shuffles in his seat he's gonna raise ;-)
Mr Sneaky Curiouser
Feb RNS talk about Special Certifucation IN PARALLEL with Local apprival
April RNS mention ONLY Special Certification (no local approval) AND transfer from MRPAM direct to Mining Ministry
Should tell enough to intelligent person & put Mining Minister comment if 1-3 month into proper place
If not then nothing anyone can say will make you think different BUT I think you know but just sneaky ;)
Be happy but in honourabkexway sir :)
Unsaid but hinted - The June V1 drill date is dependant upon the drill contractor finishing their current commitmensts
God this is PAINFUL
Buck said the minster said he would fix the SPECIAL PURPOSE CERTIFICATION within 1 - 3 months ... special purpose certification is from CENTRAL GOVERNMENT!!
Local soum rejected the LAND PERMIT -
local government reject the land access permit
Mr Sneaky Curiouser take blinker of face & look at LATEST RNS.
Very clear say 'SUBMISSION TO CABINET'
Think WiseOwl need to teach you English sir
Be happy & without blinker :)
and the WEBINAR was in DECEMBER so the FEB RNS and APRIL have no bearing on the December webinar
Can you not follow time line events?
Do you really not know the difference between the land access permit and the special purpose certification ???!!
Curious is wearing cheek pieces, blinkers and a visor :P
looks like a case of tunnel vision ;)
Understand mr Sneaky
Special Certification let you workover Heron & make production revenue. SIMPLE
This is different thing from change in Land Access law. We all talk about Special Certifucation & say clearly SPECIAL CERTIFICATION
Again do you need WiseOwl to teach you?
Mr sneaky Curiouser do his sillly SNEAKY thing again. Cannot waste time with person who WILL NOT read LATEST RNS.
Mr Sneaky get sleep & think about your sneaky way please. Also I do withdraw my offer to teach you English sir. Will be to difficult I think.
Be happy but learn English please :)
of COURSE they are different!!!
I repeat... listen to the December WEBINAR...
In DECEMBER Buck says the Minister said in OCTOBER tht he will fix the SPECIAL PURPOSE CERTIFICATION within 1 - 3 months
That is so that the LAND ACCESS PERMIT issue can be SUPERCEDED.
It ... did ..... not .... happen......................... and I am asking WHY?
The October promised failed
and later RNSs said instead that paperwork had to be sent to departments signed .....etc
Please... just stop. Sit down... Write out the time line.
May be colour in the words Land access permit in green, special purpose certification in Red, local government/soum in purple and central govt in pink..... whatever helps you !!!
The timeline failed but there is evidence including in the latest RNS that the promise did not. Furthermore it appears to be in the final stages now.
Webinar?
Umm official news is released by RNS, or have I got it all wrong?
Dec : government process to certify the land as special purpose- meetings held at local level did not support the certification proposal. MRPRAM then wrote to MMHI recommending certification despite the local views.
Feb RNS - certification progressing more slowly than advised. Formal correspondence from central, provincial and district authorities has been sent to the relevant agencies ahead of submission for approval
April RNS - documentation has been prepared and submitted to relevant ministries in advance of submission to cabinet. The certification. Is being proposed as the development is a project of national importance.
So by official news - locals say no, central government call it a project of national importance and are moving this along now. Legally the decision ends with them.
What took so long? Documentation at local level was likely rather slow in reaching central government agencies as they voted against the certification. They probably delayed as long as they could.
Personally I believe MB mis lead everyone purposely on the land permit.
He didn’t want to place at sub 1p, which would have been the case had we not seen a share rise on him slipping in 1-3 months timeline for LP ……he then carried out a placing at much more respectable 2.5p…….seen much worse lies/manipulation on AIM - well done MB I say.
Curiousguy listen if this board doesn't care what you have to say why are you hell bent on making people believe in what you post, just sounds very desperate for you to try and get people to be less confident or pro matad,
You are posting non stop and I think I should count your posts as I think you maybe lieing about your post history too, but this deramping is so obvious it's getting a bit irritating and think sooner or later you are gonna get banned from this site when people have had enough
I'm with sirbob on this one. My reading on this enabled me then entry point on quick dip below this but still in here and built up and building on the journey as appropriate. The noise is sometimes deafening and somewhat urksome but the story is very promising, surething the road ahead won't be straight forward as some think and patience needed.
Header tell you Special Certifiation priority for Govt and also we discuss why did extend past Jan with parallel local govt agreement.
This was distraction & now full focus on Cabinet route. All pieces come together if people really open eye & not do sneaky posting for trading ;)
Construction start this Friday 28 April on crude oil pipeline in Dornod privince which contract agree on April 10
Cabinet meeting today and maybe they did sign Special Certifucation document today and RNS tomorrow. Do not know.
Other news on new oil block & Q2 Velocirapror momentum make me confident price breakout will come & will be a hard one.
When I expect 50-100p+ no problem with whatever I buy now
Happy to wait with confidence already have share :)
What do they hold with there pant down?
Better hold MATD share sir & be happy :)
As Warren said:-
the stock market is a mechanism for transferring wealth freely m the impatient to the patient