Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Australia's Lynas Corporation which is the main REE producer outside China has suspended processing operations of REE's at its plant in Malaysia due to COVID-19. This strengthens China's grip on the market and makes Rainbow Rare Earth's case even more compelling. See SP Angel's Morning Notes.
Good luck all.
Just 7 trading days at most left to 1st. April (end of 31st. March quarter) when Board of Directors said we should have yes or no answer to the question as to whether we have a World Class Resource, as per their Presentation.
In the meantime if you study SP Angel's Morning Notes, (see ********** to get it for free) the price of our benchmark, NdPr Rare Earth Oxide (China) is currently US$38,748 per Tonne compared to US$40,000 per Tonne prior to the Corona Virus crash an hence a drop of only 3%, as the Chinese control the market, when compared to major losses for all other metals over the same timescale.
Fingers Crossed.
DYOR.
I have down loaded link to the TV Clip given, but can't see anything about Rainbow Rare Earths' being mentioned. Is this the right link, can anyone help out and post me in the right direction please?
Thanks.
I think what has spooked the shares is market drop due to coronavirus, Rainbow short of cash and relying on a Director's Loan and the shares being an illiquid market!
However expecting the best outcome.
DYOR.
Rainbow's Joint Broker concludes ' The US$1m loan by Rainbow Rare Earth's CEO underlines his confidence in the project as work progresses to establish a large resource capable of supporting the proposed uprating of Gakara to produce 20,000 tpa of rare earths concentrate.'
You can get this information for free by clicking onto 'v o x m a r k e t s' and then clicking onto 'SP Angel Morning View' report.
Rainbow's South Africa Indaba February 2020 Presentation has been published (35 pages) as a document to download on their website.
See what you make of it, and discuss please!
Thanks.
S h a r e p r o p h e t s did a write up late yesterday on their website for 'Premium Content' subscribers. I personally don't subscribe, can anyone copy what was written to this discussion board please?
Thanks.
Can anyone put a financial value on what Friday's rns means for the Company. No figures were given. I like many others on this bulletin board are not clever enough to work this one out. Can anyone oblige. Hopefully if anyone can help, new buyers might come in, with an increase in the share price!
Thanks.
I believe the underlying reason for the re-rating is that investors are trying to price in what profits will look like for next year. The Stock Market is always trying to look ahead, and we are currently in a situation of profits break-even. The Company has significant expansion plans, and it should be pointed out that a future profit of a mere £1m would support the current market capitalisation of £15m in the racy rare earth metals mining sector, especially as the Company has no debt. I personally think profits will be a lot higher than this and thus expect the re-rating has a lot further to go.
DYOR.
1,000,000 share buy after Friday's close at 3.25 pence. Buyer waisted no time in accumulating the afternoon's two 500,000 sells. Haven't seen a buy like this for some time. Inspires confidence.