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Pin to quick picksRainbow Rare Earths Share News (RBW)

Share Price Information for Rainbow Rare Earths (RBW)

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Share Price: 11.875
Bid: 11.50
Ask: 12.25
Change: -0.025 (-0.21%)
Spread: 0.75 (6.522%)
Open: 11.875
High: 11.875
Low: 11.875
Prev. Close: 11.90
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UK DIRECTOR DEALINGS SUMMARY: TalkTalk Telecom Chair Pays GBP860,000

Tue, 30th Jun 2020 17:07

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

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TalkTalk Telecom Group PLC - London-based pay television, internet access, and mobile network services provider - Executive Chair Charles Dunstone buys 1.0 million shares at GBP0.86, worth GBP860,000, on Monday. Dunstone bought 955,149 shares, worth GBP993,491, back in March.

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Unite Group PLC - Bristol-based student accommodation provider - Chair Phil White and seven other directors buy at total of 20,113 shares at GBP8.70, worth GBP174,983 on Friday last week.

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Hemogenyx Pharmaceuticals PLC - London-based pre-clinical stage biopharmaceutical firm - Financial Controller Andrew Wright and wife Olena buy 434,704 shares at 5.76p, worth GBP25,039, on Monday. The Wrights now have an interest in 1.5 million shares, a 0.4% stake.

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DX Group PLC - Buckinghamshire-based parcel freight, courier and logistics services - Executive Chair Ronald Series buys 180,000 shares at 12.1 pence each, worth GBP21,780, on Tuesday. Now has 2.1 million shares.

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Hibernia REIT PLC - owns and develops office property in Dublin - Chief Financial Officer Thomas Edwards-Moss buys 29,007 shares at EUR1.11, worth EUR32,073, on Friday last week. Now has 332,191 shares.

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Rainbow Rare Earths Ltd - Gakara rare earth project in Burundi - Non-Executive Chair Adonis Pouroulis buys 1.3 million shares from Non-Executive Director Shawn McCormick at 3p, worth GBP39,876, on Tuesday. Pouroulis now has 76.5 million shares, an 18.1% stake, and McCormick 9.3 million, or 2.2%. Last week, Rainbow Rare Earths raised GBP1.3 million from the issue of 41.7 million shares at 3p.

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By Tom Waite; thomaslwaite@alliancenews.com

Copyright 2020 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.

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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.

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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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