Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
You hope it won't happen, but not really surprised market makers & Co have dropped the SP in this feeding frenzy era -- this is London after all -- but it would be criminal not to buy another load. Must learn not to have dental appointments in the mornings.
The IMF/World bank loans, some $10 billion+, are tied to opening up Ecuador's commodities and minerals. The President of Ecuador knows that. They're already a big exporter of crude oil. Copper is going to be in big demand in the future.
Yep, you're right. One thing I noticed about Ecuador is that, like in most countries, there is a north/south divide. Giron is in the south of the country, and far more conservative and aware of their native roots. If the north makes a success of mining and the revenue that comes from it, then the south is going to be left out in the cold. Another thing I didn't know about Ecuador when I visited is that the exploitation of oil plays a big role in their source of foreign income.
Ecuador's debt grew substantially under former Leftist President Correa and thanks to him the nation has a large fiscal deficit and a burdensome external debt. Current Leader Moreno is making more market-friendly noises, so that the country can receive about $10 billion in financing deal/loans from the IMF and World Bank. The country needs revenue, and opening it up to mining is the only way forward.
TechMet has made an equity investment and signed a binding agreement to create a Joint Venture to develop a processing plant, so if the company is as poor as you say it is then they're clearly throwing good money after bad.
If the Chinese do weaponize rare-earth exports, and the trade war goes up a few more notches, then this SP will go a lot higher, just on sentiment alone and the fact that there aren't many going concerns for Rare earths outside of the Chinese sphere of influence. That's human nature for you.
I understand the disquiet, It can take up to a year for companies to relist on AIM. Sigmaroc and the [now defunct] Cradle Arc relisted after an interminable length of time. I've only got a little holding here but I'm optimistic the company will return on AIM in some shape or form. It's not time yet for the gold price to do its thing, but when it does, Tally could do quite well.
Solgold have newcrest and BHP building up stakes, sorry -- strategic investments -- with a view to gaining majority stakes and realizing the full potential that exist in the mines in Ecuador. There's no reason why Grupo mexico (Southern copper) can't 'invest' in BCN. Seems daft not too at this stage, but who knows what's going to happen and where things will lead to.
Just selling the news for short term gain. Happens with all shares.
Well if it was in my backyard, I'd want it too. Grupo Mexico are of the same mindset.
Read Art of the Deal and you'll see how Trump's brain works. The oriental brain is wired differently and they tend to play the long game and employ circuitous reasoning. A Sino-US deal will be done, but it may not be until 2020/21.
According to Proactive Investors:
'Rainbow Rare Earths Ltd (LON:RBW) has secured a new funding agreement with its major shareholder, Pella Ventures.
Pella has given Rainbow an unsecured 12-month 15% loan of US$700,000 to support the rare earth element mining company’s development and operations.
In addition, Rainbow has agreed with The Lind Partners to suspend any further tranches under the existing equity drawdown facility first announced on 28 January 2019.'
Grupo Mexico (Southern Copper Corp) wants some lithium action. BCN gives them that opportunity, as it's in their backyard. I'm not saying a takeover is imminent, but some tie-up is on the cards, probably this year.
Found it:-
FOR IMMEDIATE RELEASE 1 March 2019
Rainbow Rare Earths Ltd ('Rainbow' or 'the Company') (LSE: RBW)
Allotment of new shares
Rainbow announces that the Company has allotted a total of 3,425,728 new ordinary shares of no par value ('Ordinary Shares') in satisfaction of the first drawdown of US$100k under the facility announced on 25 January 2019 with a fund managed by The Lind Partners LLC.
The new Ordinary Shares rank pari passu with the Company's existing issued Ordinary Shares and application has been made for the Ordinary Shares to be admitted to the Main Market of the London Stock Exchange. Dealings are expected to commence on 8 March 2018.
FOR IMMEDIATE RELEASE
1 March 2019
Back in early March 2019 RBW announced that the company had allotted three and a half million new ordinary shares under the first $100,000 Lind drawdown if memory serves me right.
Certain commodities are forecast to go through the roof in the coming few years, so SSX is a good medium term bet, and the big funds are well aware of the coming trend.