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@f29.
Yet to watch it but fully intend to. Bit of a full on evening so hopefully I'll grab an hour over the weekend. This bit from the notes posted below however is encouraging in that respect ......
"Q How should we think of long-term prices? What was used for Rainbow PEA?
George: Used spot pricing at time of PEA - $110/kg for NdPr. Rainbow could withstand a halving of pricing and still produce $100m per annum EBITDA"
ATB LB
Atlantic declaration might go in our favour.
https://www.linkedin.com/posts/critical-minerals-association_yesterday-at-the-white-house-the-united-activity-7072903470873227264-NARN?utm_source=share&utm_medium=member_android
ATB LB
Interesting @Cadellin. Potential for an interim or indeed a dual revenue stream.
Selling the stage one product could yield around 60% of the final value. A point that I had missed from this mornings RNS:-
" ...Rainbow has established that there is a high demand in favourable jurisdictions for a mixed rare earth sulphate product ahead of the final beneficiation step..."
Sounds like George may potentially have offtakers sniffing around already from what he says in the video.
ATB LB
Afternoon all.
Great news today. Lots to like especially the US angle.
Interesting walk through of the front end plant with commentary from GB here on linkedin.
https://www.linkedin.com/posts/rainbow-rare-earths_phalaborwa-pilot-plant-update-activity-7071776028536254464-NN1M?utm_source=share&utm_medium=member_android
GLA
ATB LB
Details here.
https://www.linkedin.com/posts/tungsten-west-limited_ukmining-smarternotharder-miningtechnology-activity-7031965372677246976-Lmpz?utm_source=share&utm_medium=member_android
ATB LB
The way I understand it is that the ore sorters are up steam from the secondary crushers. Basically rejecting any non ore bearing rock. They sift out the plain aggregate that is useless in the W and Sn recovery .
It means there is less load on the downstream processing making it lower cost and more efficient.
Might be wrong but I'm not sure it increases yields it just provides a better concentrate to the refining stage... Drastically reducing Opex in the process.
Still great gear and transformational to the project imo.
ATB LB
Evening FastFood and all.
I think I may have indirectly highlighted this the other day. There is an omission on the significant shareholders list.
Alan Miller purchased 14,858,844 shares crossing the 4% threshold in one foul swoop. He entered at 4.73%. It was RNS'd on the 28th September, so way before Martin Lang started jumping in.
https://www.lse.co.uk/rns/CIZ/holdings-in-company-bmsyc3zwkfhnvc4.html
Lang's first buy was declared on 24th Jan 26,109,570 shares (7.52% ), he then added 6th Feb and went to 8.02% (27,831,651 shares), and finally topped it off at 9.03% on the 22nd Feb (31,333,857 shares).
Lang's holding is showing correctly on the latest data, but Miller is absent. By rights he should sit between Dr Dawn 5.02% (17,048,137) and Interactive Services Nominees Ltd (3.67%) 12,499,404
https://cizzlebiotechnology.com/significant-shareholders/
A quick check of a few other sources (Morningstar, SWS etc) shows nothing else significant.
As there have been no other TR1's since Lang's last buy (other than the unknown level of the nominees) it looks correct bar Miller.
ATB LB
Thanks Troajan - can't find anything mentioned in RNS's.
However, it strikes me this could be part of royalty financing package (Orion Project Finance Facility I believe).
2 of the 6 requirements - namely
• The good standing of all applicable permits and licences (nearly ticked)
• The Company having entered into off-take agreements which meet the Royalty holder's requirements (maybe ticked)
Just a thought
ATB LB
https://www.lse.co.uk/rns/TUN/finance-and-trading-update-gg4c8o8k2km92bg.html
"placing imminent"
Is already happened my 'ansom. Deadline for take up was today. I think most understand that more cash is required to get to full production. It's no secret and expected. Next key step is noise test and hopefully EA permit soon after. Permit is required for any further financing either debt or equity imo. Wait and see what happens on that but so far raising has been fairly easy... the clns were oversubscribed.
Anyone got insight into the identity of the 50t off taker? Wasn't aware of an active off take customer.
Perhaps these are pre-production samples?
ATB LB
Evening Cizzlers
https://www.tradingview.com/x/VPPp7zdv/
For those not wanting to click links it's a SP chart with all major events plotted by date. Created on trading view so a harmless infographic which some may find informative. There's been quite a bit going on when you lay it all out.
Fairly obvious but there's a colour code:-
TR1 holdings (Aqua)
Placings & options (Orange)
RNS summaries (Green)
Results (Blue)
I hadn't twigged Spreadex opening up a 3% + holding at 9p in CFD's . These reduced below the 3% reporting threshold at approx 3p. A notorious group - have been a bit of a menace on another of my investments.... Just saying. They may be out now - no actual way to tell for sure.
Also likely that M Lang is still in profit if you look at the timings of the TR1s vs SP.
Don't forget that Miller was also in at 1.5p and still there - at least above 4%
Recent drop and apparent plateau with the weird trading patterns at current level may correlate to the salary options @ 2.2p. Not so sure it relates to the subscriptions. Just my opinion.
Please report any omissions, errors or corrections and I'll pop them in.
I'll try and keep it up to date. May try and add some key financials if there's room, like cash on hand.
ATB LB
Good point about the subsidies. SP.
"Time to market will be faster for the second, third, fourth etc. sites."
Hadn't thought of that element. Makes sense to keep the clever technology under the noses of those that know exactly how it ticks. As you say then potentially the common element doesn't need duplicating in a new location. Just one production plant needs scaling for extra capacity.
Wait n see what evolves on this. It just a guess from me but I can see how it would be a good fit on many levels.
ATB LB
Just a thought... perhaps there is a geo-political case for the back end processing plant to remain in the States.
K Tech are well equipped and experienced to scale up the pilot plant in Florida and could take production level, (pre-processed) feed stock in from SA. Not the most efficient route but this ticks a box for the US policy - a desire to secure long term REE production / refining in-country for their domestic market. There's a real and well documented desire to reduce reliance on far eastern supplies long term.
Just a theory. Of course the front and back end plant could equally be scaled and constructed on site in Phal. Keeping it under one roof with a US TORP agreement.
Personally I think the tie up with Techmet, K Tech and US investment is no coincidence. I have the feeling there's a bigger plan at play.
AIMO - just a hunch.
ATB LB
Vii. From the conversation on the other channel... Check out the mining network vid I posted here 17th may. At about 18:30 on it talks briefly about ore sorting being considered in the feasibility study.
ATB LB
Vii. In the comments of the post it states all seven were ordered and committed to a while back. Also these units have been lying in storage in the UK for some time now. Maybe delivery was dependant on a final financial transaction.
I think you're correct in that the revised production plan only uses 4. It was outlined in the VSA video a while back. So potentially 3 left over. What's interesting is that a certain project located further West is now considering deploying the same xray technology. Not that that project is ready for this yet but maybe these units can be repurposed to look out for tin and copper. There may be some resale value.?
ATB LB