The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
Major Gold Resource and Reserve Upgrade for Ravenswood
Mineral Resources up 24% to 5.9 Million Ounces
Ore Reserves up 58% to 2.7 Million Ounces
Addition of 1 Million Reserve Ounces
Ravenswood Expansion Project gets bigger!
RBW has issue shares via an institutional placing at a price of 3p per share & has raised £4.3 Million or in dollars $5.5 Million.RBW apparently say they wants to invest US$1.6mln of the cash for mine development and exploration costs to bring additional mining areas into production, with another US$1.8mln to purchase a new mining fleet.Money Raised well invested IMO & has not raised cash by bank etc debt.The extra cash raised will be used for additional drilling campaign focused on the larger-scale, lower grade Kiyenzi area and strengthening the balance sheet. I am not a day trader. DYOR . https://www.proactiveinvestors.co.uk/companies/news/223263/rainbow-rare-earths-looking-to-raise-at-least-4mln-to-expand-burundi-project-223263.html
The demand for rare earth's is expected to grow alongside the market for high-tech products. Research firm Adams Intelligence estimates that between 2018 and 2030 the value of demand will quadruple, turning rare earth's into at nearly $16 billion market.
6-6-2019.U.S Defense Logistics Agency (DLA) held talks with the Burundi-based Rainbow Rare Earth co for future supplies.
DLA offered to introduce co to several U.S. rare earth projects under development with potential financiers
U.S. looking at alternatives to Chinese suppliers for strategic minera
Rare earth'S element miner Rainbow Rare Earths is now one of only a handful of rare earth mine producers outside China.
It has successfully transformed from a development project into Africa’s only producing rare earth's mine.
One of the world’s richest rare earth deposits, Gakara.
I think its now the Dry season in Burundi.The Gakara operation is 90% owned by Rainbow Rare Earths and 10% by the Republic of Burundi
Rainfall during the period disrupted mining operations as the locally-rented haul trucks available proved incapable of performing in wet conditions, which limited waste stripping and dumping. The replacement of the inadequate rented machines with newer more suitable models is in hand.as with any new mine their is always teething problems.I am not a day trader & of course happy to be invested here.DYOR.
I am not a day trader & of course happy to be invested here.DYOR.
6-6-2019.U.S Defense Logistics Agency (DLA) held talks with the Burundi-based Rainbow Rare Earth co for future supplies.
DLA offered to introduce co to several U.S. rare earth projects under development with potential financiers
U.S. looking at alternatives to Chinese suppliers for strategic minera
Rare earth'S element miner Rainbow Rare Earths is now one of only a handful of rare earth mine producers outside China.
It has successfully transformed from a development project into Africa’s only producing rare earth's mine.
One of the world’s richest rare earth deposits, Gakara.
The Gakara operation is 90% owned by Rainbow Rare Earths and 10% by the Republic of Burundi
With in-situ grades in the range of 47-67% Total Rare Earth Oxide (TREO), which is many times higher than industry norms,
The operation is also environmentally-friendly due to the use of mining techniques which rely to a large extent on manual labourers recruited from local communities and processing methods that use minimal energy and no chemicals.
The signing of the co-operation agreement with TechMet will accelerate our work towards developing the capability of further processing our concentrate, in order to capture more of the downstream value,
Second mining area, Murambi, entered production in December 2018 and two further mining areas planned to open during 2019.
Rainfall during the period disrupted mining operations as the locally-rented haul trucks available proved incapable of performing in wet conditions, which limited waste stripping and dumping. The replacement of the inadequate rented machines with newer more suitable models is in hand.as with any new mine their is always teething problems.I am not a day trader & of course happy to be invested here.DYOR.
Jim Mellon, a Non-Executive Director, will participate in the Fund raise his shareholding in the Company will be 25.4%,' the company added.Richard Reed, Non-Executive Chairman and David Giampaolo, a Non-Executive Director, each subscribed £100,000. It will give the company £4.5 Million.Following Admission of the Subscription Shares of 90 million shares, the Company will still only have 113,195,558 Ordinary Shares, I am a gold bug,investing in gold mines on TSX but i am diversifying. I am not a day trader. I look at company with up to 300 million shares out. Its all about how well the company puts said money raised to work and grow the company through good investments. shares in any company need liquidity so I am happy with this fund raise.The Company's General Meeting is scheduled to be held on 3 July 2019.I have a small amount invested here.
Today on Sky Business they where talking to guy from Quorn & about meat substitute product.Saying the market is growing and going to be huge.they mentioned,Beyond Meat share price as well.
RBW,Rainbow has a 90% interest in the Gakara Project with a non-dilutable 10% owned by the State.
MKA, Talaxis has increased its stake in Lancaster Exploration, which is the holder of the licence for the Songwe project in Malawi, to 49%; Mkango holds the remaining 51%.& after BFS Mkango will hold 25% stake, Talaxis will hold 75% in Songwe.
6-6-2019 Maginito has apparently gone into receivership & is 75.5% owned by Mkango and 24.5% owned by Talaxis. Maginito is focused on downstream opportunities relating to the rare earths supply chain, in particular neodymium alloy powders, magnet and other technologies geared to accelerating growth in the electric vehicle market. This includes the collaboration with Metalysis Limited
RBW has a Co-operation agreement for downstream processing Definitive Feasibility Study signed with TechMet
https://www.techmetlimited.com/
DYOR and of cause it all in my opinion only.
RBW IMO only has Good share Liquidity. Buyers need sellers for good Liquidity in shares. Of course an investor will lose cash if one sells at a price bellow the price one bought in at. I am not a day trader so don't care much about the share price on a daily bases. I do my own research etc on a company.I am happy with being invested in RBW of course & take my own responsibility for my investing. bad & good .
This is the stock market. Shares will have down days as well as up days & unless one is a day trader,which I am not,I don't really care about the price on a daily basis. I am happy with the company shares & with company mine in production.I am holding.one only losses cash if one sells at a lower price than one paid for said shares. All IMO only of course. DYOR.
6th June 2019.MKANGO announces that it has been notified by Metalysis Limited (“Metalysis”) that Metalysis has entered administration. Metalysis is a research and development partner for Mkango subsidiary, Maginito Limited.Further announcements will be made as appropriate.We are very pleased to collaborate with Metalysis. It is a core part of Mkango's strategy to be at the forefront of research and technology in every step of the rare earths supply chain.
Distribution/Offtake agreement in place with thyssenkrupp Raw Materials which sells our company's REE in concentrate, once it arrives at Mombasa docks Kenya. https://www.thyssenkrupp.com/en/company/corporate-structure/materials-services/
TechMet has made an equity investment and signed a binding agreement to create a JV to develop a processing plant. https://www.techmetlimited.com/rainbow-rare-earths/
Today's News....China’s rare earths shipments fell in May as prices surged on signs of possible export controls on the minerals amid the escalating trade war with the U.S.
Exports declined to 3,640 tons last month, down 16% from April and an 18% drop from a year earlier, according to Chinese customs data on Monday.
(IMO only of course) RBW will maybe doing the taking over of US etc Company's,projects,mines as the US Government through the Pentagon have held talks with Burundi's Rainbow Rare Earths Ltd about future supply, as well as offering to introduce several US rare-earth projects under development with potential financiers.RBW is out in front of most other REE company's as RBW has the experience of taking the company from exploration through to mine production.With all new mines,there are teething problems.RBW IMO has had miner teething problems that have or are being rectified. RBW now has the experience,management,workforce of taking exploration through to mining REE.A very valuable & international strategicly important asset indeed.Interesting times.DYOR. Our company may grow fast. watch this space.
Pentagon's Defense Logistics Agency ( DLA) which buys, stores and ships much of the Pentagon's supplies — ranging from minerals to aircraft parts to zippers for uniforms — has also held talks with Burundi's Rainbow Rare Earths Ltd about future supply, as well as offering to introduce several US rare-earth projects under development with potential financiers.The American's & probably NATO Member states,Western nations are all desperate to find alternative supply's of REE outside of China.
The owner's of the Mountain Pass rare earths mine in California is MP Mine Operations LLC – an American-led consortium, with Chinese rare earths miner Leshan Shenghe Rare Earth Co. holding a non-voting minority interest.
In September 2017, Rainbow commenced ore extraction at the Gasagwe site and in December 2017, announced inaugural production and sales of its mineral concentrate. High grade rare earths mineral concentrate is now successfully exported from Burundi, via road to Port of Mombasa in Kenya (I think RBW gets paid,when REE Concentrate arrives at Mombasa Docks), where it is shipped to end customers secured by thyssenkrupp Raw Materials under the existing distribution and off take agreement for up to 10,000tpa of rare earth concentrate material. https://www.thyssenkrupp.com/en/products/
Rainbow Rare Earth's has a Co-operation agreement for downstream processing Definitive Feasibility Study signed with TechMet https://www.techmetlimited.com/rainbow-rare-earths/
I am not a day trader & DYOR.
I am not a day trader.RBW ticks all the right boxes for me. Grade With veins averaging a total rare earth oxides (TREO) of 47-67%, Gakarais by far the highest-grade mine in the world.
Asset in production.Only producing Rare Earth mine in Africa, and one of only two listed commercially producing RE companies outside China.
Downstream separation planned with TechMetJV in place to significantly reduce discount to basket price and improve margins.
Potential world-class deposit•Maiden JORC Resource of +1.2mtonnes ore covering a small fraction of the Project 12,000 tonnes high grade Resources from 3 of 28 prospects and c.1.2mtonnes of lower grade Resource at Kiyenzi
Environmentally sound •Most sources of RE are environmentally damaging• Gakara uses no chemicals/reagents and utilises local workforce.
Apparently the Pentagon logistic department has been talking to RBW about supply from African mine & offered US networking to put RBW forward for potential future partnering for developing US etc Rare Earth deposits also parring the company up with future future financial institutions as possible future financing for said partnering projects etc.IMO the US,NATO & The West Industrial complex sees our company as a Strategic Asset of Inter National importance. DYOR.
U.S. Defense Logistics Agency (DLA) held talks with the Burundi-based co for future supplies
** DLA offered to introduce co to several U.S. rare earth projects under development with potential financiers https://www.reuters.com/article/buzz-rainbow-rare-surges-on-pentagon-sup-idUSL4N23D209
IMO,What ever happens regarding US-China Trade War.The US,NATO & Western Nations, will for National Strategic reasons, source Rare Earth's from other sources outside of China. RBW has highest Grade Rare Earth's & has the only Rare Earth producing mine in Africa. Rainbow Rare Earth also has exceptional exploration land. DYOR