Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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As all we longstanding T!Ts countdown the hours to delisting and I clear out my TSTR folder, I thought it might be interesting to hear the selling points made at a presentation at the Novotel Tower Bridge around 7-8 years ago. The main bullet points, taken down in my own fair hand, were:
- China is responsible 90% of the world's production
- Antimony is used in Flame ******ants and Batteries
- The market has a current growth rate of 3-6% per annum
- It is 300x more scarce than Copper
- It traded at a 'low' of $10,000 per tonne in the early 2000's but is now $13,000 and rising
- There is a deficit of 50/55,000 tonnes forecast over the next three years (so that would have been by 2016)
- We will become THE alternative processor to China
- The UAE is tax free and has good infrastructure
- The Roaster will cost $60m (stop laughing at the back please!)
- Of the 20,000 tonnes we aim to process per year, half will come from TSTR owned or controlled mines
- China had just taken an extra 7-8000 tonnes of Antimony ingots for internal use the week before and therefore reduced the world's production by 10% that week
- Japan needs to be independent of Chinese imports of Antimony within 3 years (so, again, 2016!)
- Electrical Cell in batteries is a HUGE new use of Antimony ....& finally, my favourite....
- We expect 9 months construction and then 3 months commissioning for the Roaster!!!
Bear in mind, this was all given as an Investor Presentation case around 7 years ago.
For the avoidance of doubt, I will remain with my shares tucked away but want to extend a warm heartfelt thanks to Wassatt (the original creator of the Morning T!Ts greeting), SHD, Krispy and all the posters that I have enjoyed over the last 8 years. I wish you and all the PI's still on this train the very best of luck and I hope we do arrive at Liquidity Station one day. For the last time on TSTR, I will say....GLA!!!
Lionheart
A sad day for all us old timers. Many fallen by the wayside. I opted out in August at a loss of £8k. Put the funds in EUA and pulled the loss back. I bought back in last week at 2.2. And am happy to hold at that. When the sp gets to 10p I will have recovered my loss. I am happy to wait for the liquidation event or dividends along the way. If this goes T!TS (only the LTHs will understand that) up l can stand that.
Note to Admin.
I hope this Board will remain open for us to continue to exchange views.
Lionheart
Are you aware that Wassatt sadly departed us last year.
Thanks Krispy - yes I was aware of that very sad news and sent my best to Wassatt Junior at the time but couldn’t go through the Roll of Honour without Wassatt taking prime position, especially on TSTR! Glad you made some back in EUA and hope we both one day see the 10p party here! I’ve taken a bath on these but c’est la vie I’ve also been fortunate on one or two from low levels like CPX & BIRD (the old FBT) and I’m mainly out of miners/oilies etc - the future doesn’t feel in that direction. To be honest, I’m significantly reduced in all AIM now - there’s very little truth (or perhaps it’s just sheer blooming ignorance) from the Boards and, on most, the word Dilution seems more like a creed than a financial instrument to be used occasionally! As a group, AIM directors are amongst the least qualified people to run their businesses - many are good technically at the outset but then flounder - and, as demonstrated by my first post in this thread, have no idea about realistic forward planning! On the other hand, you can certainly lose 100% on AIM stocks but where else can you make 500% occasionally - perhaps I’ll keep a few!! GLA