Member Info for MR.Spacetomato

The second link is the best one and if you read through it you may get a better picture:

There seems they are suggesting the following:

"Proposal of solutions:

As a first step, the Burundian state should suspend all exploitation. What has already been done. It should also require to have, within the management of Rainbow Mining Burundi, a post of Deputy General Manager, with precise specifications and real powers, in particular of joint signature on all transactions.

Secondly, the Burundian State should first ensure that the Mining Code currently under revision contains clear provisions on the definition of the word PRODUCT, for each mineral in terms of FINISHED PRODUCT.

Finally, on the basis of the new Mining Code, the Burundian State should offer Rainbow International Resources a REVISED MINING CONVENTION including binding and non-negotiable provisions, in particular on the obligation to set up in Burundi a production plant for the “finished product”. and not this famous concentrate which, as we have just seen, is the source of all cheating.

Investigation by Jean Claude MUBISHARUKANYWA"

Bunch of crooks, if you ask me!

ST

More here, but elaborated with more details:

https://www.burundi-forum.org/la-une/actualites/vol-systematique-dans-lexploitation-industrielle-des-minerais-du-burundi-necessite-de-conventions-gagnant-gagnant/

I can also say that whoever wrote that article says thing that don't make sense, ie, the last paragraph which refers prices per kilo of rare earths; I feel there is a sense of wanting to create polemic here, when there isn't one. Moreover, they talk as if the mine was a producing mine and not a mine on trialling initial stages and that Rainbow is the "gringo" trying to steal our minerals by cheating on numbers.
Cheap journalism but, on the other hand, I think we may have to do some work explaining the discrepancies between the university of Burundi analyses and ours.

I am sorry to say, that is the reason! They suspect fraud on the part of Rainbow.

Hi all.

I have been digging a lot to try and discover why the Burundi government would suspend production, and despite the Chinese argument is very possible I continued. I then found this article, in French, which I also do understand a little and I think I may have found the reason why we have been called called into the government:

"La malédiction d'un sous sol riche en minérais frappe le Burundi

Rainbow Mining triche sur la teneur en déclarant systématiquement des teneurs non variables autour de 54%, alors que les analyses chimiques effectuées dans un laboratoire de l'Université du Burundi sur les mêmes échantillons (avec un équipement et un protocole répondant aux standards internationaux) ont révélé une teneur irréfutable de 80.9%. Du coup, cela a pour conséquence une fraude sur la quantité du produit fini."

https://www.burundidaily.net/post/la-malediction-dun-sous-sol-riche-en-minerais-frappe-le-burundi

The rest of the article can be found in the link, but basically they are talking of Rainbow not being straight with them regarding how rich the soil actually is; Rainbow says 50% but other studies say 80%. I guess you can google translate to read more about it. Article from the 20th April.

Happy to be wrong.

ST

I was reading the RNSs for Royal Helium, which was trading at 0.08 when they started the drilling works reaching 0.91, and then they had their results. They found Helium, but a fraction of what we are aiming to find; below is the initial quote from the last RNS:

"Royal Helium Announces Initial Testing Confirms Economic Helium Concentrations at Climax
April 6, 2021
SASKATOON, SASKATCHEWAN – (April 6, 2021) Royal Helium Ltd. (“Royal” or the “Company”) (TSXV: RHC) is pleased to announce that initial gas sample test results have returned elevated and economic levels of helium concentration from multiple formations at the Climax helium project, with tests returning levels ranging from 0.33% to 0.94% from the Deadwood, Souris River and Duperow formations. The company will now commence long term production testing of the most prospective zones to confirm flow rates and ultimately resource size".

Incredible what just the drilling can do to a share price. I am sure they price wouldn't be at 0.5 today should they have had better Helium levels.

ST

Deepbluediver,

Thank you for your summary, that will help a few here who never invested in exploration co and HE1 is their first time explorer.

It is funny that despite all the stages you briefly explained below, to drill a hole to find Helium, somehow it seems 10 times easier to do that than building a garden shed in my backyard ( and I had the Swedish instructions)!!

Good morning all!

ST

I mean, I think it is US doing the saliva test in Europe.

Timster,

NCYT? I heard on French TV yesterday that they will be testing using PCR and an Antigen LFT using saliva. I know it is the UK government that asked for nasal swabs, but I also understand that our test is able to pick up very small loads, so, I wouldn't be surprised to be surprised here.

Sorry, meant Joshwaa! hah!

Aimster

A day or two max. These "rare" tropical cyclones are becoming a more frequent thing in the south hemisphere. I got family in latin America and we had never had "cyclones" where they leave (in winter it is colder than in England) but for the past 13 years we are having them in the summer. Our planet is changing for sure!

80, AgentB!

And by the way, dude, it is "Doctor" Alastair Smith to you!

SimonJames,

Excuse me sir, you seem well versed in making shares analysis after post presentations and took your time to write here in the board of AVACTA to let us know your thoughts, yet, this was your second post in the LSE boards?
You are telling us, you opened an account with the LSE just to write this to us?
You seem like the king of guy who deal with shares longer than this and you never posted about other shares? And by the way, you certainly don't have share here, so why bother giving us your thoughts?

You are the most obvious farse of a poster I have ever seen!!

Jog on dude!

ST

Hedgefundking,

I appreciate your replies and explanation. I am new to FUM and it is hard to catch up with the more experienced here.

Stay safe

ST

Sdg1970, "it could be". ;0) Close. Top man.

Guess, I am 1970 too! July.

Bobbust: " lot of cr@p being talked about here. the majority of the new shares will not be sold any time soon. These were bought by long term investors".

I mentioned about shares in the hands of traders and not in the hands of institutions because, if they were, we should have a TR1, don't you think? As far as I know, they are required to disclose their holding once it crosses a % (is it 3 or 3.5%?). And since 100 million shares equates to about 20% I would think that the TR1 would be required.

Thoughts?

ST

@sdg1970, quod potest esse

kdonkey1000,

As I understand it, once the desired amount they wised to sell has been done, they issue the TR1; so, i expect the downward trend to end now as selling has been completed. Any ideas?