Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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"Sounds like Colin has spent the last 3 months writing this and putting his feet up in Portugal eating pastel de natas. Nice life if you can get it.
Would like some news of actual progress please Colin..."
Not much chance of that, it's getting to the torrid season in the Algarve.......
Too 'ot to work !
Upon reviewing those cash flow projections for the forthcoming twelve months, the directors consider that the Company is not likely to require additional financial resources in the twelve-month period from the date of approval of these financial statements to enable the Company to fund its current operations and to meet its commitments.
>> Administrative and operating expenses of £3.03m (2021: £3.31m)
This is a bit of a joke though - Maybe drop the massive salaries especially as it seem they are working at about 20%, if that!
>>Manica at 60kg / month. Maximum 65kg. - Not sure where you read Maximum.....
"we are looking at an increase of production and a steady dry season rate of not less than 65kg per month."
Eureka dropped.
BR waiting for ore concentration results. Results due in Q3. The wait continues on this. "potentially viable"
Kakuye - doesn't sound like much has been done in months. Apparently someone found some cobalt.
Manica at 60kg / month. Maximum 65kg.
Written in black and white that we are 23% profit.
But we only have 190k in the bank. (As of year end)
Sounds like Colin has spent the last 3 months writing this and putting his feet up in Portugal eating pastel de natas. Nice life if you can get it.
Would like some news of actual progress please Colin...
Just published, not read it yet !
Maybe re-read the post that you effectively misquoted by selectively leaving out the part which makes it clear it’s a post about XTR.
It’s normally advisable to read a sentence in full.
Maybe read the post he was replying to?
"Why has AA bought into ARC and their exploration project in Zambia for a fairly considerable sum when they could take on BR ?."
Steve, maybe it’s just me, but it seems odd that you’d think that post was about any company other than XTR when it’s on the XTR BB, regarding our deal with AA and the second part of the post directly after your (arguably selective) partial quote is as follows:
“The project won’t be going anywhere while the onus and risks will be on Xtract to de risk and show it can be a viable mine.”
Seems awfully like you’re just trying to find an excuse to cross bb post about another share that you’re involved with to me…
I reread his post. I thought that - "Until terms are met, AA don’t and won’t need to do anything, even if they were desperate to get a foot hold in the region. The project won’t be going anywhere" - was a reference to ARCM, not XTR, but I can see it could be read either way.
Steve
I think that’s a little unfair on Howezap, he correctly in my opinion pointed out that AA have an option over BR so don’t need to do anything until XTR meet 2mt or announce a DTM so can sit just back and see what plays out while with ARCM they needed to put some money down to get an interest in the license.
Cheers
James
Re AAL/ARCM.
BR deal may still happen, but flipper had a fair question, which you dismissed without any obvious knowledge of the ARCM deal.
The binding deal between ARCM and AAL was signed on April 20th 2023. Currently going through the tedium of government licence and competition approvals while the share price drifts, but the likely completion is July (according to information from Zambian government and from CEO replies to investor emails - which he does frequently).
AAL already have their core yard setup in Zambia and have selected a contractor for drilling and assays.
ARCM are receiving $15m cash and AAL have committed to spending $75m on drilling the ARCM licences. ARCM will end up with 20% of whatever AAL discover. The 7 licences include the top 6 on AAL's wanted list. Sentinel was 13th.
Recent interview here:
https://twitter.com/ArcMinerals/status/1665974589640327168
Sounds like a bit of intimidation not to turn up to the AGM there, which might suit some people of course
Hey flipper, the question is not even one of a geological nature. Until terms are met, AA don’t and won’t need to do anything, even if they were desperate to get a foot hold in the region. The project won’t be going anywhere while the onus and risks will be on Xtract to de risk and show it can be a viable mine.
Howezap - an open question based on geology being what matters.
Why has AA bought into ARC and their exploration project in Zambia for a fairly considerable sum when they could take on BR ?.
Dani... I have never commented on my interpretation of that podcast but have challenged your belief that you know things that you cannot possibly know. You came on here calling posters "paydirt" because they challenged your blatant ramping.
The problem is Dani you cant find the door of your echo chamber.
Howezap... straight yes or no answer... do you agree with Dani's revenue forecasts for XTR ?
Are any of you Dani Bashers brave enough to attend the AGM after some of the cruel comments you have made?
When you rock up the the hotel, Dani is gonna breccia arms!
Dani... perhaps the anal comments commenced when you stubbornly refused to accept that the deal for FB was on a profit sharing basis and not your blatantly rampy fabrication.
Options will lapse five years after the date of the award, being 24 July 2026.
Soz ma not on TG. Can’t recall staff incentivised warrants but I’m sure they have not yet expired. ‘25 rings a bell tho ( not checked)
Yes thats right Kevin. you've got it thats right.
Colin should copy and paste that and put it on the website and then do a roast to tell us all about it !!
MA
look it up in the RNS's
We are not your own personal google
stop being sooo lazy !
And we sitting on 1.5 p. ?