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Pin to quick picksRainbow Rare Earths Share News (RBW)

Share Price Information for Rainbow Rare Earths (RBW)

London Stock Exchange
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Share Price: 12.50
Bid: 12.00
Ask: 13.00
Change: 0.05 (0.40%)
Spread: 1.00 (8.333%)
Open: 12.45
High: 12.75
Low: 12.45
Prev. Close: 12.45
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DIRECTOR DEALINGS: IntegraFin COO sells; Chaarat Gold chair buys

Mon, 09th Aug 2021 13:03

(Alliance News) - The following is a round-up of share dealings by London-listed company directors and managers announced on Monday and not separately reported by Alliance News:

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IntegraFin Holdings PLC - London-based investment platform - Patrick Sweeney, an associate of Chief Operating Officer Judith Davidson, sells 317,514 shares at GBP5.54 and GBP5.60, worth GBP1.8 million, on Thursday and Friday.

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Chaarat Gold Holdings Ltd - gold miner in Armenia and mine developer in Kyrgyz Republic - Chair Martin Andersson buys 2.8 million shares via Labro Investments Ltd mostly at price of 21.00 pence, worth GBP599,794, on Thursday and Friday last week. Andersson now is interested in 302.7 million shares directly and via Labro, a 44.1% stake.

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Kinovo PLC - London-based gas heating, electrical and building services - Leadership team buys 405,000 shares in total at 33.5p, worth GBP135,675, on Thursday and Friday last week. Chief Executive Officer David Bullen and Chair Sangita Shah each buy 150,000 shares and now have 1.4 million shares and 869,622, respectively, 2.3% and 1.4% stakes. Finance Director Clive Lovett buys 75,000 shares and now has 529,545, and Chief Operating Officer Lee Venables buys 30,000 and now has 580,203.

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Indivior PLC - Richmond, Virginia-based pharmaceuticals - Scopia Capital Management LP and Scopia Management Inc sell 67,499 shares at GBP1.66, worth GBP112,244, on Thursday last week. Scopia had sold 306,605 shares earlier in the week. It has a stake of about 16%. Jerome Lande, a Scopia partner, represents Indivior's largest shareholder as a non-executive director.

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Rainbow Rare Earths Ltd - rare earth metals projects in South Africa and Burundi - Non-Executive Director Peter Pham buys 250,000 shares at 13.5 pence, worth GBP33,750, on Friday. The shares are Pham's only holding, having been appointed director in May.

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By Tom Waite; thomaslwaite@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
11 Sep 2023 14:28

Rainbow Rare Earths hails supply agreement with Less Common Metals

(Alliance News) - Rainbow Rare Earths Ltd on Monday said it entered into a strategic supply agreement with Less Common Metals Ltd, which manufactures and supplies complex allow systems and metals.

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7 Sep 2023 15:34

TRADING UPDATES: MP Evans acquires two Indonesian palm oil producers

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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5 Sep 2023 12:25

Rainbow Rare Earths says South Africa plant produces first sulphate

(Alliance News) - Rainbow Rare Earths Ltd on Tuesday said that the front end of the Phalaborwa pilot plant in South Africa has successfully produced its first batch of mixed rare earth sulphate.

Read more
2 Aug 2023 11:00

World battles to loosen China's grip on vital rare earths for clean energy transition

Aug 2 (Reuters) - Refining rare earths for the green energy transition is hard. Just ask MP Materials and Lynas.

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17 Jul 2023 11:33

IN BRIEF: Rainbow Rare Earths shares up on Mosaic collaboration

Rainbow Rare Earths Ltd - South Africa and east Africa-focused rare earth oxide producer - Signs a memorandum of understanding with The Mosaic Company for the extraction of rare earth elements from Mosaic's phosphogypsum stack in the Uberaba area of Minas Gerais in Brazil. Says it will develop a process flow sheet and conduct a preliminary economic assessment alongside Mosaic related to the aforementioned extraction. Mosaic is a Bristol, England-based producer of concentrated phosphate and potash.

Read more
28 Jun 2023 14:23

Berenberg sees "meaningful" share price upside for Rainbow Rare Earths

(Alliance News) - Rainbow Rare Earths Ltd on Wednesday said it signed a deal with Bosveld Phosphates Ltd permitting the 100% ownership of the Phalaborwa project in South Africa.

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28 Jun 2023 10:52

IN BRIEF: Rainbow Rare Earths signs deal for Phalaborwa ownership

Rainbow Rare Earths Ltd - South Africa and east Africa-focused producer of rare earth oxides - Signs a deal with Bosveld Phosphates Ltd, permitting 100% ownership of the Phalaborwa Project in South Africa. Rainbow says it will get an immediate 85% interest in the unincorporated joint venture that holds the rights to Phalaborwa, with Bosveld holding the remaining 15%. Says it will pay Bosveld USD5.0 million in cash in July under the terms of the deal. Additionally, Rainbow says under the deal, it is being granted a call option to buy the remaining 15% of the JV owned by Bosveld, in return for USD7.0 million of equity in Rainbow. This could happen at any time from October 31 to December 31, 2025. Says shares issued according to the call option will be subject to a 24-month lock-up.

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28 Jun 2023 09:06

LONDON BROKER RATINGS: Admiral on JPMorgan 'negative catalyst watch'

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning:

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6 Jun 2023 14:53

IN BRIEF: Rainbow Rare Earths continues work at Phalabowa project

Rainbow Rare Earths Ltd - South Africa and east Africa-focused producer of rare earth oxides - Says the front end of the pilot plant for its Phalaborwa project in South Africa has started operations. Adds it is on-track to produce the first high-value mixed rare earth sulphate in the third quarter of the year. The back end of the pilot plant is "well advanced" in terms of its construction, RRE says, with commissioning due in the third quarter of 2023. Says it is exploring the option to permanently establish its back-end process in the US.

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15 May 2023 09:35

LONDON BROKER RATINGS: Citigroup raises Flutter Entertainment to 'buy'

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and Friday afternoon:

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9 May 2023 14:45

TRADING UPDATES: Rainbow Rare Earths raises GBP7.5 million in placing

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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31 Mar 2023 18:49

EARNINGS UPDATES: Mila narrows loss; Pantheon collects revenue

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News:

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20 Mar 2023 08:53

Rainbow Resources touts progress according to plan at Phalaborwa plant

(Alliance News) - Rainbow Rare Earths Ltd on Monday said that development work is progressing according to plan at its pilot plant in South Africa, as it looks to start operations later this year.

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23 Jan 2023 09:41

LONDON BROKER RATINGS: Jefferies cuts Berkeley; HSBC cuts St James's

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning:

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24 Nov 2022 12:36

Berenberg initiates coverage on Rainbow Rare Earths at 'buy'

(Sharecast News) - Analysts at Berenberg initiated coverage of Rainbow Rare Earths with a 'buy' recommendation and a 33.0p price target on Thursday, implying a whopping 228% upside.

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