Our latest Investing Matters Podcast episode with QuotedData's Edward Marten has just been released. Listen here.
Dumbo, We have told you numerous times ~ Do your own Research
But seeing as you are having a very bad day I will give you a hint, try the Snowden Report.
As a matter of interest, when did you become aware that RBW had written off the "Worlds Richest Rare Earth Mine" ie Gakara, in July (when it happened )or October (when GB informed the Shareholders) ?
OH dear: what a fiasco Gakara has turned out to be, We had better tell Dumbo as I don't think he or a lot of others saw it either: Funny how it was written off in June but in the 19 September presentation they stated they were still negotiating ! Certainly "Price Sensitive" but was not reported till October ~ more deceit
" As such, the Directors
no longer intend to invest significant capital
at the Gakara asset in Burundi to convert the
existing resource target to a reserve status.
This resulted in an impairment review being
carried out for the Gakara assets in the year
ended 30 June 2023 and led to the net assets
being written down to nil as at 30 June 2023."
Thank you Dumbo, for yet again demonstrating to everybody who reads your drivel, your total lack of financial knowledge ~ There is no mention of OPEX in that presentation, So I assume that your simpleton mind divided the US$200M Capex by the 40,000tpa MREC that were quoted to come up with that $5,000 !!!!
Now I did think you were English and assumed that you attended some sort of school, but if you don't know what a "?" is I begin to have doubts !
Dumbo, Lewis ~ Seeing as you have recently polluted the PRE page with you rantings, I thought I should return the favour. Especially since Dumbo choose to tell unresearched unsubstantiated lies (LJ OPEX is < US$4,000 t not the 5,000/t as he stated)
Now Dumbo just made an surprisingly correct assumption yesterday ~ "lack of News"
What "News" could that be ? Possibly what ever happened to the Pilot Plant producing 300kg before Christmas, K-tech are still waiting but that JV agreement is running out of time. I doubt if they were impressed by receiving a measly 5kg in three tranches from the Johannesburg Drill Assay Lab instead of the Phalaborwa slimes dam; certainly did not need a fork lift for that one !
And
What are/were the problems with the PP (my bet is they are unable to achieve steady state production due to all of the filters continually clogging up with colloidal gypsum) or is it unacceptable levels of toxic waste product ? Either way it seems that the PP is not fit for purpose. But I am only guessing there because Management has failed to keep you Shareholders informed.
Of course they have an established record of not keeping SH's and their host Governments informed as to what has been happening. It has now been 2and a half years since George's "The World's Richest Rare Earth Mining Operation" was placed on care and maintenance at request of Burundi Government" Last comment was "We continue to engage with the Government to renegotiate terms of the Mining Convention and to restart operations".
Wouldn't it be nice to have some "Official" information instead of having to sort thru the rubbish that Lewis and Dumbo post on everybody's pages as they try to stop the ever declining SP ?
Dumbo, Sorry mate the production cost of MRES at LJ is below US$4,000t.
Now please answer my questions on RBW
Lewis: Don't your comments on Pensana also apply here ?
Pre and all others then have a problem then, China will control pricing indefinitely making it uneconomical to mine, as is the case today.
Recycling and non-mine projects are surely king.
Remind me, at what basket price does Pre need to be viable?
You'r also displaying your ignorance about profitability, "Basket Price" is only part of the equation, Grade and Recovery also govern revenue, and of course you have to have a significant tonnage to sustain production long enough to pay-off your CAPEX.
Re-cycling will not work in a growing Market, and there are still only a small amount of installed RE motors out there.
What on Earth is non mine production ? I hope you are not referring to RBW, even if they can ever manage to get their process working it is not going to be as profitable as LJ nor be able to produce any sustainable quantity.
If everybody adopted your philosophy that China already has a lay down misere, we may as well give up now and save what money we have to buy Dim sims. The very fact that you continue to comment here indicates that you don't even believe in your own raving's !
Lewis, Don't believe what Thomas says, China are not loosing money, they have just moved their profit margins Downstream. China operates as a Co-operative one owner, the CCP who direct everything that goes on in China.
Right on cue, Karen and our Dim sim cook are back again ! both professing doom and gloom but ignoring the FACT that they both got it completely wrong; this same time last year when they were both claiming the imminent demise of PRE and are both now back again ignoring the fact that PRE's management are on the cusp of returning both of the Companies projects to pre 2022 projections.
It is now painfully obvious to anybody who analyses the bigger picture, that the fallout from the last two years of economic contraction is solely down to the Chinese and their mishandling of Covid; Claiming that PRE's and the World's woes are nothing other than a global trend, is a distraction designed to misdirect blame from the true culprit ~ Xi and his Wuhan Laboratory !
Now I can understand why the Theologist got it so wrong, his Messiah has a litany of failures behind him. As for the Opium smoker I suppose if you read enough discarded fortune cookies you are equally bound to get it wrong !
Theo: Answer my question ~ What's happened to Round Top ?
Theo, What I do with my money is my own business ~ so please don't worry about me or Tony as we have both done very well. Now stop being a Karen as you have lost any credibility in yourself that you thought you may have had. You are be a legend in your own mind but a waste of space to others. You can't even provide advice when its requested ~ what's happened to Round Top ?
DS22, Didn't you know that Theo is an X-spurt on everything, 12 months ago he gave Pensana just one month left to live and was big noting himself on buying HZM, A legend in his own mind with a litany of failed advice to any village idiot who will listen to him !
Theo, You never answered my question, how is Round Top going ? I did hear a rumor that you are now looking at a Silver project. You may be onto something there, it sounds as if Joe will need all the shekles he can lay his hands on to pay off his political lackies. Don't worry about Tony, he changes his mood with every wind change, in a couple of weeks time he might even be back praising PA for raising funding in such a hostile economic climate.
That was I nice piece you wrote about ARR by the way, but you failed to notice that their Competent Person puts a disclaimer on all their announcements ! Undertake to be, not is !!!
Tony: Very transparent of you, I can't help but notice that you have completely failed to post any of these global concerns of yours on the RBW page. Come to think of it you never question any Rns that they come out with, even when they clearly fail to meet their forecast milestones ! Pensana produced more NdPr from the 60t Met sample back in 2020 than RBW have managed to produce from their "Pilot plant" over the last six months, correction "Lab Assay pulps" !
Hogsnipe, A word of warning ~ ARR are either dreamers or pork pie sellers, they pumped hell out of La Paz and it has turned out to be a flop. ! A quick reality check :- According to their latest "News" release they have drilled a total of 9031 metres over both of their Wyoming "Project" areas. If we are very generous and assume an area of influence of 100m x 100m (10,000 BCM) for each metre of depth of drill hole and use an SG of 2.3 you end up with 207 Million tonnes and that's all. SO what are they basing the other 2.1 Billion tonnes of Indicated and Inferred resource on ????
Now any self respecting Geologist or Mining Engineer will tell you that it is stretching the friendship to classify a RE Resource higher than "Indicated" based on a 100m drill spacing and yet ARR are saying that this is Measured @ 200m spacing !!!! And if IT IS all Measured where on earth are they getting the other 2 Billion Tons from !!!!
FYI. The majority of Longonjo was drilled out at around 50m x 100 intervals; and 50 down to 25m with an average depth of 30m in the proposed Pit area. The drilling is still open on at least two sides and at depth, but Management are being honest enough not to speculate any Resource estimates beyond the drilling envelope.
A simple comparison of Longonjo:, and Halleck Creek at a 1,000ppm cutoff ~
LJ has a Total mineral Resource (measured, indicated and inferred) of 313Mt grading 14,300ppm REO. which contains 990,000t of NdPr; They drilled roughly 9,130 m in 300 holes to give an average depth of 30metres. ( Mostly the free dig shallow & weathered material )
Yet for roughly the SAME AMOUNT of drilling at Halleck Creek, ARR claim to have 207Mt grading 3720ppm; which they say contains just 187,000t of Magnetic RE's ! No comparison to LJ's is there really ?
Then , ARR have drilled down to 320metrs (which is probably one factor in calculating the large Inferred resource). Do you know how long it would take to mine down to that depth ? You might as well forget about anything below 120m when calculating a NPV(10) !
Lastly verbose cross promoting is considered bad form, a simple heads up and http reference would do..
Trader, You are starting to sound like somebody who would prefer ALK to fail, It is standard practice for down rampers is to first try and establish some credibility by claiming they are a holder, before raising doubts based on fuzzy facts. Why raise the specter of China, when it is now well known that they are now using their strangle hold on Critical minerals to manipulate commodity prices then transferring costs up the line to recover their profit at the end product.
Unless you WANT China to maintain their Monopoly, you should be supporting any moves by Western companies to break their dominance in the supply chain, if not then the day will come when China will have no competition and will be able to hold the World to ransom.
I don't mind people pointing out hard truths, but when they embellish the facts to make a situation seem far worse than it is, you have to question their motives and allegiances !
Jack, sour grapes in spades; why not let us judge your capabilities by telling us of some of YOUR achievements...... Mostly spectacular failures I suspect.
Now as for PA, prior to taking control of RVY thus saving it from being totally destroyed by a gun running poacher; he had taken Berkley from a green-fields exploration project to a construction ready and cashed up Company ~ he then demonstrated unheard of integrity by removing himself from the payrole while the Spanish Courts sorted out the Greene block.
And I would not call Rocky and David failures ~ far from it; those two probably have more Rare Earth experience than the rest of the Western World combined.
Not as big a fool as somebody who never brought in to anything because of their perceived dislike for our Chairman. Your emotions have cost you dearly, and they are about to cost you even more.
As per usual, you forget to read and understand what was said.
There are a good number of ALK Investors (long term RVY & PM8 ) who got in on the ground floor and are still showing a healthy profit. Get ready to eat your words, Longonjo finance underway, Saltend will quickly follow and the Alkemy. Now unless you are Chinese, everybody even you should welcome any Western inroads into the CCP Monopolies in any of the Critical Minerals ?
I think we will find that these current Sells are from some of our original investors who are selling a portion of their holding to get back into / increase their Pensana holdings in anticipation of finance being announced. If you look at the $ values traded you can almost see the transfer of funds.
Whats up Jack, Joe not feeding you anymore ?
Theo, I think you need to answer some questions yourself: If as you now claim you are no longer associated with the Chabad warmongers and are free agent again; perhaps you could get your mate Thomas at REO to post an update as to what the status of Round Top is now ?
When you think of it Jack L is a far bigger failure than PA could ever be, all those years tarting up a project that never had a hope in hell of being profitable, something he would have known after the first round of drilling. And yet he managed to con Joe into pouring his stolen money into it. As they say there is no Honor amongst thieves.
So if you are the X-spurt you claim to be, demonstrate it by giving us your analysis of what happened at Round Top. Then if your explanation is plausible we might then give you some credibility.