Member Info for hazrat

Trading update end of this month. Who knows, might stimulate so action here...

Banning exports of rare earths to countries that don't use for manufacture has no impact.

Think the point is that the economic damage is much greater once the raw materials have been converted into high tech gadgets. So banning exports of cheap raw materials (comparatively) has a limited impact. Restricting exports of high margin goods will do serious damage to the Chinese economy and so is unlikely to happen.

https://www.cnbc.com/2019/06/03/why-chinas-rare-earths-threat-is-no-game-changer-in-the-trade-war.html

Until China relents because the US starts to squeeze oil and gas imports.

If only this company had a viable mine. With a couple of years drilling it might well do, but not yet.

What don't I get? That production has decreased since it started a year ago and the current mining areas will be exhausted in a year having not generated any profit?

Anyone here actually read any of the reports released by the company?

"The replacement of the inadequate rented machines with newer more suitable models is a critical component in Rainbow's plans to address mining performance issues" needs to be sorted. Isn't yet

I did OK, bought at 11p and sold at around 21p. Bought in at smaller value at about 9 and sold at 3 but ended up overall. Been here long enough to know the real state of play with the company

I think this has further to go. Small mcap company and lots of interest. Prefect recipe for further increases. Hard part is judging when to get out. Is it when people start to realise the company is only mining a small mole hill each month or when the end of the trade dispute nears.

1.2m tonnes at 2% isn't really a word class asset and got the wrong vehicles to exploit it anyway.

Long term it is still a punt on a viable find.

Well if this company and the USA both need to find resources, I wonder if they can do a JV?

No not really. This rise is just noise. Clearly people buying in having done no research whatsoever. I hope buyers are lucky and the trade dispute lasts long enough for the company to raise more funds and find a viable mining area. Otherwise this will tank

At 2%, really the highest in the world?

If only they didn't need several years of exploration to see if there is a viable mine. Let's hope the trade spat drags

Making losses every month with high grade veins now exhausted. Don't worry, if they can't make money at 55%, they certainly can at 2%

Recently did placing to raise funds to buy fleet of vehicles that can't do the job. Strong management, strong buy

Producing less now than a year ago. Can't lose here.

JORC compliant bugger all

Hope there isn't a trade deal. Otherwise the fact that there isn't actually a viable discovery here yet will bite.

Phoebus you miss the point. The veins are too thin to allow economically viable mining. I doubt Weatherley had a copper mine consisting of dispersed narrow veins with limited quantities of ore.