Member Info for lambo222

Yes it didn’t rise after 10 minutes lol, in 2017 they had revenue of £30m and a post tax profit of £1.6m. If 2019 is a strong production year similar figures should be achieved and a re rate back above 10p from 3.5p looks very likely. High season Q1 figures in 2 weeks 9th or 10th of April, and lots of updates to follow on the cashew project. I am incredibly confident that at 3.4p and £12m Mcap this represents a fantastic opportunity to acquire shares because imo a strong year on the cpo production coupled with cashew plant updates will see dkl back above 10p and then kick in towards 20p in 2020 as the cashew plant starts production and the profits roll in. If cpo prices improve we could be looking at dkl generating £5m post tax profits in a couple of years time with blue sky growth potential into other areas such as rubber, coco, even legal cannabis which I plan on discussing with Lincoln to see what is possible.

Excellent to see this recover after I bought at 10p around a year ago. Dkl the next one in my portfolio to recover strongly hopefully similar to pat in that it is well oversold and off the radar but there lies the opportunity hidden gems are hard to find and I personally think pat and dkl will be the stars of 2019

The fundamentals are fantastic arguably they are in the best position they have ever been in operationally. Minds will be focused to deliver a record production year in 2019, the mill has a huge capacity and storage facilities and an additional depot has been opened. After speaking with Mr Moore I am happy to build a large position here especially at these all time low levels. He has big plans for dkl and I wouldn’t rule out a takeover bid for the cpo plant given its location and impressive capacity. I personally think the drop from 12p to 3.5p is outrageously overdone and this will almost certainly recover strongly back to double figures

From this all time low level. They have a huge capacity at the mill so if the high season is very strong there are huge profits to be made for dkl. The new plants sold 3-4 years ago will now be producing fruit growing conditions have been excellent over the first 3 months of the year and dkl have another collection depot open and will be keen to make W1 a record quarter to get back on track. With the cashew plant coming online in 9 months time the potential is huge this could easily get back above 10p over the next few months a strong Q1 will build sentiment back up and the cashew business adds to the already impressive revenue figures. After a poor 2018 I feel 2019 will be the year dkl recovers back above 10p and beyond

Agree they have been rejected many times in the past including a full rejected only 6 months ago! If people think a new set of politicians are less corrupt than the last lot then more fool them, pat also has less than £300k in the bank... very high risk if the investment does not get approval from the government this will be back under 2p imo

Blearyman in 4 weeks time when the share price is likely 2p I very much doubt you will still be posting, you are insane if you think the last 2 rns’s are positive, they are 900 tons per quarter off their target so they need to treble production and they have death spiral finance to try achieve this, name your positives we are all ears

Reasons Cited for Rejection:

Â

The GoR has rejected the PL Application for the following spurious reasons:

Â

1.  It considers the Reconnaissance Permit (RP) it granted to MMI to be Null and Void because the application was filed in the name of Metal Mining India Limited and following a change of name the RP was granted to Metal Mining India Private Limited. Hence different companies - therefore the RP grant was invalid.

Â

2.   The change of name constituted a transfer of the asset and there was no provision of transfer of an RP under Mineral Concession Rules, 1960 (MCR 1960).

Â

3.   When the RP application was filed a 38.793 sq.km area was reserved for the Geological Survey of India (GSI) and 17.84 sq.km was overlapping with a Hindustan Zinc Limited (HZL) granted PL.

Â

4.   On the date of filing the RP was restricted for grant because there was a restriction in place for grant in Tribal Areas pursuant to a Government Order dated 05.09.2000.

Â

5.   The area was reserved in favour of GSI from 27.09.2009 where GSI carried out work till 2015 and defined a resource. GSI has expressed intensions to carry out G-2 level exploration in the area hence this area cannot be granted for PL.

Approval is not to be expected given the government have rejected the application on a number of occasions for many years! They rejected the application in August as according to them Pat no longer own the rights, it will be left to the courts imo far too risky given they only have less than 200k cash left

Terrible numbers and a terrible finance deal, could easily go sub 2p from here, real shame but this is looking like it’s going to turn into a dog very quickly

Perhaps not for much longer... all time low share price, majority of holders with averages well over 10p, placing 5 months ago at 12p in which directors took over $600k Techmet took $500k and agreed to fully fund DFS of $3m, production update due this week

RBW production for Q4 due this week so that should show the current basket price. All time lows there so a hint of positive news and a profitable outlook should see it double quite quickly given it is incredibly oversold. In MKA and Bought RBW today to compliment my holding here, an increase in rare earth prices looks very likely in 2019 imo

In the last interview on 17 December Martin said they were fully funded to achieve profitability plus they raised another $1.6m at 12p only 4 months ago. If they do raise again at some point for future exploration on the 24 additional zones you can bet your bottom dollar it won’t be anywhere near this level given Techmet and the Chairman were happy to pay 12p only a few months ago, 4p is incredibly oversold if you actually ask yourself what has changed since it was 24p last year, especially given the commodity looks set to go on a bull run in 2019 due to Chinese supply restrictions, potentially a huge cash cow

With the price at an all time low then imo just a hint of positive news will see this trading back towards 10p. Q4 figures should be better than Q3 and if they also announce positive guidance for 2019 production figures then we will be away.Any positive movement in rare earth prices and they will be making huge money at $200 profit per ton on 5000 tonnes per year that’s $1m per year, profit $400 per ton then $2m etc and then the planned production target is 10,000 ton per year with a fully paid up DFS on downstream separation by Techmet which will again massively increase profits as atm they take a 70% discount for separation! Could be a hugely profitable company if all goes to plan and if you look at it then what’s changed from a year ago when the price was near 20p? One bad production quarter does not justify a 60% drop in share price especially since then they have announced their maiden Jorc of 1.2m covering only 4 out of 28 areas with the ore body open on all sides at kiyenzi. Techmet are an extremely professional organisation and they decided to buy $500k at 12p only 4 months ago. They also decided to fully fund a DFS on downstream separation which would be transformational to RBW profits. Profitablity May have been delayed 6 months or so but does that warrant a drop from 12p to 4p? Imo the only way is up from here

Improved figures will see this back towards 10p imo, Techmet won’t have invested £500k at 12p only 4 months ago and agree to fully fund a DFS into downstream separation if they didn’t think this was a winner and would achieve strong levels of production! The chairman also would not have bought £200k at 12p if he wasn’t confident of a strong return at 4p. I spoke to the CEO recently and I am very confident of a strong re rate, production figures due any day this week back to 8p has to be the target here

Martin Eales, CEO of Rainbow, said: "We are pleased to announce the maiden JORC-compliant Mineral Resource Estimate for the Gakara project, on time and on budget. The Mineral Resource, which is based on only four out of the 28 identified targets within our licence, shows over 1.2 million tonnes of ore, a considerable deposit in its own right, and provides further evidence that the Gakara deposit is a world-class source of rare earth oxides.

"Three of the areas are high-grade vein stockworks, and include 12,491 tonnes of ore Resource at 55% TREO. These alone will provide over two years' head feed for our planned ramp-up to 5,000t concentrate, and we will of course continue to explore these deposits further.

"The Kiyenzi deposit has been confirmed as a very large, lower grade deposit, which ties in with the airborne and ground gravity results previously announced. The currently modelled deposit amounts to nearly 1.2 million tonnes of ore at 2.2% TREO, and may well be related to a carbonatite source. This deposit is open in all directions and is an extremely exciting prospect as it presents a new opportunity for Rainbow to further develop its mining and processing capabilities.

"These results will provide us with confidence in our ability to obtain near and medium-term sources of ore, but more importantly point to the existence of a truly unique deposit, which we will continue to explore in the future."

JORC 2012 Maiden Mineral Resource Estimate

Earlier in the year, Rainbow announced that it was working towards the completion of a maiden code-compliant Mineral Resource estimate for its Gakara Rare Earths project (the 'Project'), to be published by the end of 2018. This maiden Mineral Resource estimate, which is now complete, was undertaken on behalf of Rainbow by Benzu Minerals (Pty) Ltd ('Benzu' or 'BM'), and has been reported in accordance with the guidelines of the Joint Ore Reserve Committee (JORC) 2012 code.

The most recent previously-published technical report relating to the project by Rainbow was the 'JORC Competent Person's Report for the Gakara REE Project, Burundi' compiled by The MSA Group (Pty) Ltd ('MSA') and dated 30 September 2016, which was included in the Prospectus published in connection with the Company's IPO on the London Stock Exchange in January 2017.

Since then, a considerable amount of work has been carried out at the Project, including greenfields and brownfields exploration, drilling, mining, ore processing testwork, modelling, and ore processing and concentrate production. This work has produced a significant amount of new technical information and data that have materially changed the understanding of the ore deposit and the REE mineralisation it contains, and has enabled the calculation of a maiden Mineral Resource estimate.

Since 2011, Rainbow has kept detailed maps of over one thousand REE vein occurrences across its mining licence, from which it has defined 28 "prospects" or "targets" (which

Won’t take much to get this cash flow positive!

Production from the Gasagwe pit has delivered at lower rates in recent months than had been initially anticipated. Vein structures have proven unpredictable both in terms of formation and thickness, which has led to variability in the provision of run of mine ore to the plant, as well as in terms of the dilution of plant feedstock.

In order to counter this, fleet size and stripping rates have been increased at the Gasagwe pit, which is intended to expose more vein material and allow for more predictable tonnages of ore going forwards.

Murambi - a second mining area

Good progress has been made in developing the second mining area at Murambi. During the period, extensive trenching revealed a number of parallel and sub-parallel veins, in a stockwork formation similar in nature to Gasagwe. The cutting of an access road was completed during August, allowing mechanical equipment to be brought to the site, greatly increasing the stripping capacity, and the mine is now firmly on track to provide an additional source of ore to the Kabezi plant during Q2 (the three months to 31 December 2018) as planned.

Initial processing of bulk samples of Murambi ore indicated lower yields (ie fewer tonnes of concentrate produced per tonne of ore feedstock) than at Gasagwe. Early analysis suggests this may be due to the weathered nature of the ore tested, which is expected to improve as mining progresses into fresher material. If yields remain low, then greater quantities of run of mine ore tonnes will be required to achieve targeted production levels.

If they can get the production to the target level and rare earth prices increase as expected, I’m sure the directors and Techmet didnt buy at 12p only 4 months ago if they expected this project not to succeed, looks a bargain at this level

A 1p floor to the share price is not much comfort to holders though! Anyway I’m watching on the sidelines for now waiting for a placing $500k left 4 months ago and they need to pay wages legal costs license fees etc they will be running on fumes imo

Panthera Resources Plc (AIM: PAT), the gold exploration and development company with assets in India and West Africa, announces that it will hold a General Meeting of the Company at 2:00 P.M. on 28 January 2019 at 2 Duke Street, Manchester Square, London, W1U 3EH.

The Company has posted to its shareholders the notice of the General Meeting, the purpose of which is to grant the Directors the right to allot shares and dis-apply pre-emption rights

So why have they announced a General Meeting to allow the directors the right to allot shares if they are not planning a placing?? It’s as clear as day imo and as I said 1.5p will be a fair price to take a few imo anyone holding or buying now may be in for a nasty placing surprise imo

It was a term sheet that they signed not a legally binding agreement, I’m not sure the Indian authorities will grant it given they have rejected the license application 3 times now, I’m watching with interest but imo a placing will be required $500k left 4 months ago they will be running on fumes hence the AGM resolutions to allow more shares to be issued! As I said if they offer a placing at about 1.5p it will be worth a punt far too risky buying when it’s clear they hardly have any cash left