Member Info for SussexEngineer

American Rare Earth deposit (3,296ppm TREO) is indeed huge however the concentration is lower than that at Phalaborwa (4,400ppm) and that of Uberaba (5,800ppm). In addition the Rainbow deposits are chemically cracked and on the surface reducing operating costs, though there is a question mark on logistics and freight. American Rare Earths appear to be looking at beneficiation close to the mine.

I am not trying to diminish the opportunities of American Rare Earths, as it comes with some political and logistical positives, more flagging the creditability of the Rainbow offering.

To stop any confusion we are waiting in early Q4 on K-Tech facility results of separated RE oxides. This is the backend process. The front end, in the South African pilot plant, uses sulphuric acid to make mixed RE sulphates. Rainbow are still refining the pilot plant process, to maximise the efficiency of sulphate production. This will be done in parallel with K-Tech separation process. For maximum impact there are likely to be two RNS's but I would imagine the backend RNS will be published first.

If you have seen this before I apologise.

The interview looks at the importance of ESG; price stability potentially through hedging; credibility of the management; quality control through product assurance; reliability on the supply; workforce competence; pragmatic/systematic approach at each stage of the development; contingency when things don’t work perfectly; broad range of customers who are unlikely initially to accept you into their supply chain when it can expose their business or at least will limit that exposure; credible contracts etc.

https://youtu.be/Nemy0YTIEkA?si=grcC8H1K3QsY4AVI

Lynas must be really regretting putting their processing plant in Malaysia. First of all the government want to shut it down due to radioactive waste output and now they want to restrict exports. This is why geopolitical problems haunt the industry. George has made best endeavours to minimise this at Rainbow and perhaps why the back end metal oxide production will be in the US, for both South Africa and Brazil.

SunDrum,

Thanks for the link. I have serious reservations from page 8 "Acceptance by upstream participants that their intermediate

carbonate and oxide products need to be supplied to the downstream processors at price lower than those indicated by Chinese information providers for a share of the profits derived further down the supply chain". RBW must sell their valuable product for a fair market value not allow an end user to give a discretionary payment.

Yesterday analysts were expecting revenue at £5,687m and an adjusted EBITDA of £1,316m. Todays actual results show a revenue of £5,738m and EBITDA of £1,406m. As this is above market expectations, by about 1% and 7% respectively, I would expect this to result in an uprate of the SP.

The best news is that SC exceeded analysts pre tax profit expectations by USD 0.14bn. Hoping it should continue rising.

Coking coal is more commonly referred to as metallurgical coal, so I don't why Anglo always refer to it as steelmaking coal. As far as I am aware Anglo have a number of coal mines in Australia and have opened up a new mine in 2022. It maybe pleasing to note that the rainfall problems encountered is likely to reduce, as Australia moves from La Nina to El Nino weather patterns.

Thungela was established to take the South African thermal coal mining operations and allow Anglo to divest themselves from the ESG toxic operations. Before I get lambasted by Thungela share holders, there is still a need for thermal coal, especially in developing countries, who cannot financially switch to "cleaner" fuel/power.

Great interview. Mosaic moved quickly to seal a deal with Rainbow. So now there is the US government, through TechMet and a massive fertiliser company, who both have a vested interest in the success of this enterprise.

So what does Mosaic get out of the deal? There is potential profits from the rare earth sales, environmental clean up of a massive waste stack, sales of gypsum, almost at no added costs (depending on the final agreement) and exclusivity on the process, within Brazil. What does Rainbow get out of it? Sales of gypsum and Rare earths, access to another larger raw material, on site acid supply, infrastructure and logistics and a reduced geopolitical risk. There is the price of taking samples, providing a PEA and other feasibility steps to overcome.

Even George was surprised at the speed of Mosaic accepting the MOU. This can either be based on the need for exclusivity or their desire to turn their waste into a cash generator or possibly both. Whatever the rational it points to the credibility of George and his team and their process and partners.

I have never been as excited by a investment as this and I appreciate that there are hurdle to overcome but the risk to reward offering is immense.

Watch the whole but the critical elements are post 8 minutes 20 seconds.

Lovelyboy,

Belated thank you for pointing out the video. I thought it was text only. You, cadellin and SP were correct 50:50 was mentioned.

SP,

Are you sure it will be a 50:50 JV? I have scanned through the press, the RNS and the interview and can't see this referenced.

The greater element to consider is that operating phosphate plants already have the infrastructure and acid plants that Phalaborwa had to rebuild and supply.

SmartPunter,

This perfectly ties into the western need to install SMR (small modular reactor)units, to give national grids rigidity and offer "Carbon Free" electricity production when renewable options are unable to deliver. The future, like it or not, is renewables supported by SMR's. Both bases are covered by K-Tech and their partners.

An interesting and balanced article. Good business with issues, focused on ROE. They made AUD200k profit on 150,000 tonnes sold. In other words is there likely to be a profit on the revised 120,000 tonnes target? It also brings into question BM break even figure. Can BM control costs in 2023 to make a profit?

https://simplywall.st/stocks/gb/materials/aim-hmi/harvest-minerals-shares/news/declining-stock-and-decent-financials-is-the-market-wrong-ab-772/amp

Al4x,

Yes I too am a boomer but there are a variety of cruise line offerings, to cater for most age groups. If you are thinking of a younger age group look at Carnival, Royal Caribbean, MSC and Norwegian. We thought P&O, out of school holidays, was too old even for us and were so pleased with Celebrity and Princess. They were a breath of fresh air.

Look at the reviews and be open minded. Also chose a holiday region that appeals to you and your interests. Realise that the ship is not a prison and you can get off to explore great parts of the world. Would say look at the CCL cruise lines for onboard spending, as an influence on your decision.

The SP keeps rising and hits £13 for the first time in 1.25 years.

Fairy 1, It would be rude not to.

RCL also offer a similar deal but at an investment of £8250, that is much more of a leap of faith. Do like Celebrity Cruises though but the share price is too rich for me.

Fairy 1,

Here is the Carnival link:

https://www.carnivalcorp.com/static-files/50351a91-4dc0-4f6b-bfec-684647e6129f

You have to own 100 shares and then notify your booking company or the Carnival cruise line you are booked on, with proof of shares. You should have a transaction note and I tend to show them my dividend payments (old days) that I still own the shares. I will, in the future send a screenshot of my investment and if necessary get HL to confirm proof of ownership.

Anon2, As good a reason as any to invest.

Having sold out at £1200 during the pandemic, at a SP loss of £2300. Saying that I earned about £2500 of onboard spending and possibly £500+ in dividends. Purchased back in, in December at £727 (gross) and have or about to receive £332 onboard credit. The rise in SP is a "nice to have" benefit.

Carnival have a range of products to suit all tastes. Clearly the market is coming back and apart from the debt, what is there not to like? Banks would not have loaned Carnival the debt provision without conservatively assessing their ability to pay it back. With Carnival beating sales expectations I can only see this SP moving in one direction. All you need to do is look at is RCL for a direct comparison.

You have to love hindsight. I am in this for the onboard credit and so have no emotion in it, nor to be fair a lot of money at risk.

We fell out of favour with P&O, after how they treated my father, pre-pandemic. Been on a Princess cruise through the Panama Canal which I can recommend to anyone. On the back of this we have booked a circumnavigation of Australia, with Princess. Great service, magnificent cruise and a big enough difference to the P&O to justify the adventure.