Member Info for shakeypremis

Looks like someone has purchased 1,000,000 shares here today. Two buys of 500,000k within 12 minutes of each other.

For the sake of a few quid per trade I would not worry too much. Does Barclays provide you with a good service and good bid/offer prices?

I use it like I use this one. No fees to pay to use the bulletin boards.

There are more people on the ADVFN board. http://uk.advfn.com/cmn/fbb/thread.php3?id=40777654 Still a relatively under the radar company. That may well change the closer we get to first sales and some indication of how much money RBW will start to make. Only about a month and half to go now.

It looks like this might be ready to move up.

No mystery. Someone puts in an order at a certain price. MM's do their level best to fill it. They get the spread you see. They'll do whatever it takes to make that trade happen.

Looks like someone has bought 500k shares today. A cool 50 grand's worth.

11.17p appears to be the price you can sell at. I'd wager the 11.23/24's are buys. Buys outweighing sells as far as I can tell.

They still need to explore the region further too. Could be masses more rare earths at similar grades. Even lower grades would still be great news.

These reported grades appear to be in excess of those reported in the CPR published when this company listed in January. Take Nd Oxide for example, in the CPR the upper limit for the grade was: 10% In today's RNS it is reported as: 14.75% Pr Oxide, CPR upper limit: 3% RNS: 4.37% This is repeated for most of the other REOs at a quick glance. Rainbow appear to be exceeding their own expectations here.

From the RNS: "The detailed breakdown of the individual rare earth oxides elements within the Gasagwe main vein on a TREO basket basis is as follows: REE Oxide Grade (100% basis) Lanthanum Oxide 30.59% Cerium Oxide 48.07% Neodymium Oxide 14.75% Praseodymium Oxide 4.37% Samarium Oxide 1.32% Gadolinium Oxide 0.47% Dysprosium Oxide 0.05% Europium Oxide 0.21% Yttrium Oxide 0.13% Terbium Oxide 0.02% Erbium Oxide 0.01% Holmium Oxide 0.01% Applying the average grades above to recent published prices for rare earth oxides would imply a basket price for the ROM ore of approximately US$13.18 per kg on a 100% basis (before processing into concentrate). This basket price has risen by approximately 33% already in 2017 due to strengthening REE prices." Is this stating that the basket price will be $13,180/tonne?

The cash cost is definitely not the true cost of producing a lb of copper. That said the fully inclusive cost is still very low. The below is from the 2016 full year results. $1.06/lb is very low: "Kounrad's C1 cash cost of production remains firmly in the lowest quartile of the industry cost curve for copper production at $0.43 per pound (2015: $0.60 per pound). The combined effects of the local currency devaluation, increased production and continued cost control resulted in the significant year on year reduction of 28%. The Group's fully inclusive unit cost for the year was $1.06 per pound (2015: $1.58 per pound). This includes depreciation and amortisation charges, local taxes including MET and corporate overheads associated with the Kounrad project. The prior year cost includes a non-cash one-off impairment charge of $0.6 million, equating to $0.02 per pound, arising from the write-off of organic inventory. The 33% overall reduction in the fully inclusive unit cost is due to the lower C1 cash cost, lower depreciation and amortisation charges and increased production volumes." Today's mini sell-off is rather annoying based on the fundamentals here. May just have to buy more.

Good buying around these levels. Seems well supported here. Could this be the bottom?

Good to see you here Early_Bird. Same about SDX at the moment, but it's just a matter of time.

It does state that but that does not mean Rainbow will get $6000 per tonne of concentrate. Obviously Thyssenkrupp will want a margin for processing and making profit. You may think $5000 is a fair value per tonne but I don't suppose that will be the figure Rainbow receive, although I hope they do! My only concern here is that marketing and government royalty fees are going to be approximately 3.5% and 4% of revenue respectively. That means total revenue must be $1066/tonne. I can't believe this is the price they will get from Thyssenkrupp. Martin told me in an email that this figure that I arrived at was closer to the figure they'd receive, he did not say it was the figure they'd receive. Indeed he said they were not able to divulge the price they would get from Thyssenkrupp at that point in time. If that's the case, they should not have included those percentage figures, but they did. So to summarise, I really don't know what price they will receive. We'll have to wait and see I suppose.

Hi Bee Revenue is a little bit of mystery at present (unless you've heard/seen something I haven't). It's based on 'a basket of rare earths' that Thyssenkrupp will buy from Rainbow. I seem to remember a figure of around the $5,000/t mark (I might well be wrong here) for a 'basket'. But what exactly does that basket contain? I don't know. Probably a basket of concentrates I'd imagine. Additionally you can calculate a revenue figure per tonne from page 22 of the 2017 Q2 Investor Presentation (see link below). TRANSPORT, MARKETING AND ROYALTY COSTS US$280/t. Transportation costs are estimated to be $200/t. Marketing and Royalty costs are estimated to be 3.5% and 4% respectively. So $80 must equal 7.5% or revenue. 100% of revenue per tonne must therefore equal $1066/t. I can't believe this will be the figure received as it will not allow for a profit. Given the costs outlined below. Costs however, I can shed some light there. Referring to page 22 of the May 2017 Q2 Investor Presentation we can see that OPEX is predicted to be $810/t and marketing, transport and Government royalties amount to $280/t. So seemingly the all-in cost per tonne is going to be somewhere around $1090/t. These costs are per tonne of concentrate. Trial mining is supposedly going to produce 5270 tonnes of 'vein material' in a 27 month period (which is estimated to produce 3880 tonnes of concentrate, so per month that equates to about 143 tonnes mined per month (again concentrate). So costs per month are going to equate to something like $157,000. There's another figure quoted on page 22 which states another cost for 'On-site operating costs' of $103,000/month. I am not sure if this is part of the OPEX or not. 2017 Q2 Investor Presentation http://rainbowrareearths.com/wp-content/uploads/2017/06/Investor-Presentation-Q2-2017-09.05.17-FINAL.pdf IPO Document and Competent Person's Report http://rainbowrareearths.com/wp-content/uploads/2017/06/Rainbow-Rare-Earths-Prospectus-25.01.17-FINAL.pdf

Hello I got back in with a small position early last week. I am likely to get back in here fully either this week or next. Something else got my attention with the funds I had planned to use here. SPSY - Spectra Systems Corporation. I will definitely be back in here fully very soon. Maybe it'll drop a little further but I doubt it.

Even better price now, I daren't let it go any lower. I will have to get back in on Monday.

Looks like a nice re-entry point (for me at least, having sold out in the high 13's some time ago). I got back in in a small way at just over 12p earlier this week and this current price is looking even more attractive. Remember, they are targeting production and sales before the end of the year. We aren't all that far away to that to be honest. I don't expect this to stay down here forever. It does look very oversold.

I think that answers it: http://www.iii.co.uk/research/LSE:CAML/news/item/2430127/operations-update-30-june-2017?context=LSE:CAML