Member Info for FunkySausage

Wasarunner

Please, no more rum n pirates, I cant take it here as well for the next decade

I for Alex to look into

Even if its half of the estimate it still comes in at min $5 bill

$4.1 billion is about £1

The board has stated many times that would like to SELL the company

I like the fact the company was put up FOR SALE, not for a JV partner or anything else, the board wanted to SELL

https://www.chinadaily.com.cn/a/202101/16/WS60023d3aa31024ad0baa3039.html

Rare earth regulation by china

Surely when they say region its not just what is covered by EUA, its the whole area

https://www.proactiveinvestors.co.uk/companies/news/937584/avacta-clipper-logistics-eurasia-mining-and-persimmon-feature-in-broker-s-new--climate-portfolio--937584.html

Shorting losses are protected, u can only one what's on account no more

Storky

Maybe their waiting for upgraded resource estimates and mining volumes before being able to put a bid in

Ofc could easily be wrong

What company wouldn't want a 100km strike zone, it secures them for decades.

Money is easy to come by from the banks in Asia and Russia, the size of the resource would be treated as the quite for the loan, these Chinese and Russian companies are used to do incredibly large scale mining without the need for Western funds, technology and equipment, the world can go on without the West.

RNS date estimate 29th of December, thanks Ian )

Lawyers n banks are on no deal no fee basis

I'm trying to find the date that the office that issues the RNS closes for winter break, anyone know ?

Russian schools close on Monday the 28th, the start of the Russian winter break.

The 28th is a Monday, so if this date relates offical holidays surely the office would close on this date also, so if Monday the holidays start and its a Monday is the last day of work for them on the 25th of December our Xmas, if this is the case then the RNS should land before Xmas day latest, just my thoughts, anyone have any input ?

Funky

Jambo

As announced in the Company's Annual Report of 1 July 2020, a Definitive Feasibility Study by GIP for all resources on the West Kytlim Mine Permit was commissioned and is being progressed through the approvals process. Following consultation with the State Reserves Committee experts and consultants, it was agreed that mining data generated from several seasons of mining operations, combined with the Company's in-house resource database, are sufficient to warrant approval of the DFS encompassing all resources to the mineable category within all the sites of the production license. This removes a significant annual permitting hurdle and is also a cost and time saving development, as no further drilling is required to approve shovel-ready resources on an annual and site-specific basis. This in turn allows more open pit sites to be mined concurrently to increase the production volumes. The DFS is to be submitted for review and the final approval is expected before the end of 2020, in advance of the 2021 mining season.



The above timeline has been recommended by GIP and by the relevant permitting authorities in Russia.

Actually it was meant for jambo

The DFS will confirm what is in the ground and that should produce a valuation per oz or ton, per commodity, agreed by both companies to come to a agreed price for sale, for a sale to be able to complete and for both parties to be happy to close the transaction

Tom

Both give value, the confirmed give more value

How can they buy it without the rns resource upgrade, the board have made it clear they want top $, the upcoming rns is what we've all been waiting for, it sets out exactly whats on offer and can then be priced accordingly, imo ofc

The FT Truck

https://oilprice.com/Metals/Commodities/Prices-Of-Chinese-Rare-Earths-Are-Soaring.html

Definitive Feasibility Study (DFS) to encompass all resources at all the sites of the production license was commissioned with GeoInvestProject (GIP) and is on track for approvals this year.

As announced in the Company's Annual Report of 1 July 2020, a Definitive Feasibility Study by GIP for all resources on the West Kytlim Mine Permit was commissioned and is being progressed through the approvals process. Following consultation with the State Reserves Committee experts and consultants, it was agreed that mining data generated from several seasons of mining operations, combined with the Company's in-house resource database, are sufficient to warrant approval of the DFS encompassing all resources to the mineable category within all the sites of the production license. This removes a significant annual permitting hurdle and is also a cost and time saving development, as no further drilling is required to approve shovel-ready resources on an annual and site-specific basis. This in turn allows more open pit sites to be mined concurrently to increase the production volumes. The DFS is to be submitted for review and the final approval is expected before the end of 2020, in advance of the 2021 mining season.

The above timeline has been recommended by GIP and by the relevant permitting authorities in Russia.

I would say the last piece of the puzzle is due very soon

Funky