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China. Berkeley has market cap of £70m and cash of $78m. So this knock ‘em dead world beating uranium project is valued at $10m. You could pair it up with Alkemy, the about to get feedstock (tomorrow) punch the lights out lithium refiner, and you’d have a business with a combined market cap of almost £20m! Enough to pay Atherley £500k a year for 40 years!
Need caution on African timelines IMHO. Mka MDA has been promised by Malawi gov twice and missed both times.
Interesting times. I agree with Tony however, if they can survive, these REE producers will see skyrocketing prices in 3 years.
Can they survive in their current forms is the big question.
I'm not, I posted last time 3rd January. You are paranoid.
It's a discussion board, I held, don't currently. Ree market is shiz! Wish I never bothered to be honest.
Underwater on all I hold but exited here breakeven.
No loyalty to any, want to make a return.
The resources appear adequate with 5 years of high grade mining to repay costs with 12 years plus at a lower grade and higher cost to mine profile (but then without the mining bank debt). This excludes any trucked ore from specific COOLA trenches.
The issue could be about the money to build the mine and the price of final product sold in the market. I believe it will be sky high 3 to 4 years from now, but banks may have a different risk assessment view of projecting no future global economic growth. To have FSDEA put up a good chunk of finance is similar to the help given to companies in USA climate protection programmes. Fingers crossed on this one. I am invested at levels I was at in January 2021. The Chinese were more than happy to loan $150M odd back then. They either manage climate change with a very long economic depression or seek and support new technology solutions.
theologist, back again, how was your king island furlough did you get to sample the local produce ? certainly a mixed week for your messiah and his lackey, he must be really ****ed off having an interest in south africa only to have them string up their dirty washing for all the world to see. it looks like your chabad buddies have overplayed their hand and all that work you did looking for golf courses will come to naught.
anyhow your predictions seem to be running a little off track, berkley looks set to be one of 2024's top stocks and pensana now looks to be well on the way to construction, what's happening at round top and nth carolina ~ nothing because neither has any rare earths. schmuck
Sqeaky bum Tim Theo.
After all your negative posts will we get a mea culpa if the PRE does get financed and commences construction?
BTW as posted previously Berkeley Energia did get funded. According to the RNS it was the Spanish government approvals that were the issue. PA left the company with US$100 million in the bank!
DS22, not sure that retort was the best Defense for the present discussion
Theorist, you know as much as I do where the financing. Is it isn’t. So there is no obviously about it. I’ll concede the point if there is no announcement within the next next 6 weeks, although reliable advice is before end Jan, and the Angolan president has stated an aspiration to announce befor Indaba on February 4th. Unlike yourself, I don’t make definitive statements without facts to back them up, the best you can say is may have done, but even that would be based on your own assumptions, not any evidence based data. The strategy is still on course based on the RNS end October and the AGM
Massive negative assumptions again - change the record - do you not look at the global economy?
Mumbles what you do know now is that the news flow from Pre is not reliable and cannot be trusted. Obviously the financing has run into a serious problem. Due diligence has foundered, probably on the capex numbers and resource data. The company tries to buy time with sideshows. Amazing drillling results from Coola. Announcing the upgrade of the road (for the third time since 2018). Some waffle about local sustainability. The Mou with Who. Another offtake agreement for material they don’t have. The pattern is identical with Alkemy. Promises of feedstock, world beating this and that. Every Atherley venture has the same blueprint. And ends in ignominious failure. You’ve seen the form guide, this horse has never made the finishing tape.
What Lewis says, is absolutely correct . The as-built cost of the project, plus the declared assets equals 60+p. When the equity piece is done PRE, portion of this will be 60+% of 60+p, or in the region of 40+p. But this didn't take in to consideration phase 2 or Saltend, or any future cash flows from profit. And assumes break even only with opex and sustaining CAPEX covered only. The market currently has severe doubts regarding financeabilty, the Angolans are only putting the equity piece in if the ABSA loan and convertible note are done. Ie the project is proved to be financeable. If this does get done on the timeline mentioned for the current strategy, they have got a bargain, we'll see where the SP will go, but the finance risk aspect should be greatly reduced
Me too Lewis.
But like others you don't explain why you are posting here on a daily basis. You area relentless promoter of Rainbow.
What is it about PRE's progress that troubles you so much?
You sound like PA.
The project is valued at 60p+. PRE have a stake in that project if it gets financed. Currently 19p says there is still uncertainty on timline.
If close, volume would be up (leaky ship) and the sp would be in 30s+
Very interested how this plays out.
Lewis the share price matters for companies like Rainbow and Mkango which is why you see their CEO's constantly pumping the stock to retail investors.
PRE is being financed by M&G, FSDEA, ABSA et al and they don't care what the share price is.
I don’t think you can base anything on such limited volume -
Yet the SP continues to drop. Doesn't indicate that finance is as close as suggested? Or could be fair value for now at this level?
Could just be tracking REE prices of course as per peers in this space
TGL you have copied the key statements. It really does look like they will finally get a finance deal to build LJ.
The purpose of the visit was to review the early-stage construction activities being funded by the US$15 million bridging loan from FSDEA, ahead of conclusion of the main financing.
The Chairman of the Board, Armando Manuel, highlighted the importance of the Longonjo project in the FSDEA investment portfolio. The Chairman was keen to understand where FSDEA can assist in the roll-out of the next phase of key activities on site.
Armando Manuel, Chairman of the FSDEA Board commented: “We are delighted to see the excellent progress being achieved on site at Longonjo, which is an important project for us. FSDEA has financed the acceleration of construction activities to ensure that the project maintains momentum whilst we work with the lender consortium to conclude the main finance.”
Each stealthy F-35 strike fighter requires 920 pounds of rare-earth material, according to DOD. Each Arleigh Burke DDG-51 destroyer requires 5,200 pounds. An SSN-774 Virginia-class submarine needs 9,200 pounds.
SP it’s tiring and unproductive, what’s the point. I also feel the same about your posts on the PRE. Can We ALL grow up
I do not recall ever having a portfolio share with the monthly oversold stochastics on absolutely nothing.
>>Good luck with finding anyone to sue. its been up on here once, and twice on RBW board, and you have JUST read it.
You aware your isp and this site record everything and make sure it can be traced back to you?
No I often don't read some of the obvious rants
Your distortion is a lie.
SmartPunter if you keep posting on this board there is plenty more to come from me!
(btw Libellous means a piece of writing that contains bad and false statements about a person. The information i have posted on Chairman Zero is from RBW's announcements.)
Its grim reading the more you dig into RBW, its promoters and its phantasy technology.
(i will in future spare the readers on this board and post exclusive on the RBW board...)
AS1971, you speak absolutely the truth. At this stage it is totally binary.