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The heavy rare earth elements would seem the obvious excuse for extending the initial 90 day period to find out what sort of rare earth resource figure we are looking at.

This will definitely be a rocket up the arse to get the rare earth figures out quick though.

Im sure in one of the sapan interviews he mentioned that the rare earths could be tacked into the dfs following its issue

I tend to agree fromage

Through rose tinted glasses this could appear to be an attempted veiled signal that dfs is nearing completion, what with rehabilitation being effectively the final stage of the process.

It may be a bit cryptic for the market to give it any real thought though it seems.

Trumps statement regarding leaving Iran has definitely got a reaction.

Hopefully he manages to go through with it for a change

Some decent buying today thought the rns might have caused a drop with all the erratic movements lately.

Offloaded 4.64 million shares still has 31 million odd.

Add Iran to the mix and it’s pretty easy to see why we didn’t hold after reaching 50p

What a price to double up at bonker. I had a few more late last week at around 36. Looks like the mornings drop is getting brought up so hopefully we can finish the day green

If you are going to make posts that are critical of grammar, ensure that you’ve checked spelling prior to posting, dont let slopty spelling ruin the real message ;)

As far as AI slop goes I didn’t think it was a bad summary hence I shared it.

Either way let’s keep it cordial we are all on the same side!

Chat gpt explains

Because Rio sits on the technical committee for the Kasiya project, it likely has access to material non-public information.

Under UK/Australian takeover rules:

A company cannot make a takeover offer based on inside information that other shareholders do not have.

If Rio bid before the DFS is public, it could be accused of using privileged data to buy the company cheaply.

Regulators could require:

disclosure of all material project data

or even block the bid.

Large mining companies are extremely cautious about this.

That is an interesting take ibabfo, goes some way to answering my question from earlier.

In trying to consider downsides on this I found myself wondering, if Rio Tinto are so heavily involved in overseeing the creation of the dfs why don't they just make a bid before the information becomes public?

They clearly will have insider knowledge and surely a bid now would secure a takeover at a lower share price than if the dfs is released then they bid?

The executives at sovereign would obviously try to discourage share holders from accepting a bid before the dfs is released because of the possibility of further bids from other parties once info is available but heads can easily be turned by an offer to double your money.

Anyone have any thoughts on this other than the line that rio are moving away from titanium.

You would hope so barwickman but I mean in the sense that that is the latest it can be released without performance rights lapsing I believe.

It seems the rise up to 50p last week probably got everyone involved who wanted to be.

You would have to think the next big run up is going to be before the end of June when we are all expecting the dfs. Until then it’s going to take even more regular positive news flow to push it higher imo.

Such a good opportunity for those who have been in a long time to continue topping up, we all know we shouldn’t be this cheap. You have to give credit to Saipan who has been excellent on media duties even if the SP hasn’t responded as much as we’d hope.

Really good listening to that.

Nice nugget of information re talks ongoing about rutile off-take with traxys.

Surely whoever makes the decision at Rio on this is going to say we will take the 90 days because we want further info on the monazite resource size?

Sapan said they would be looking to release more info on this in the months/weeks following the dfs release.

Seems the most likely/logical scenario to me

I think the last opportunity we could get now for a low price top up is if rio announce they won’t be taking the project forward could see a short term drop.

Or the monazite resource is found not to be the mega figures we are all hoping for.

I’d prefer Rio not going forward over low monazite levels. But we can all be fairly safe in the knowledge that this is a brilliant one to be holding

He has got it wrong on the rare earths saying the resource is larger than the top 5 competitors when actually we’ve got a higher concentration but we don’t yet know the size of the resource.

Im all for the SP boost but this sort of thing is pretty poor coming from a supposed expert. I got slated on here for saying something similar having read the RNS wrong initially you’d think he’d have spent a bit more time understanding the situation.

Still hopefully he’s right and the monazite resource figures turn out as big as we all hope they are

Rare earth refiner Phoenix Tailings Inc. has raised $30.2 million from investors, including metals trader Traxys North America LLC, to expand facilities that recover key minerals from mining waste.

The company, which processes rare earth elements in the US, raised the funds through a Series B round that values the firm at $360 million, according to chief executive officer Nick Myers. Phoenix also signed a memorandum of understanding with Traxys to work toward an offtake agreement for rare earth metals, he said.

Full article on mining.com

Seems a big coincidence that Traxis have also invested in a firm who refine rare earths from tailings.

Overall positive albeit a shame they are unable to include anything about the monazite in the dfs. Obviously there’s a lot of drilling and testing to do so it will take time.

I wonder if the share price will now hold at this level until further news on the rare earths or if the dfs will give the boost/takeover bid we are hoping for.

Either way should be opportunity to top up between now and June when the performance rights for dfs expire (presumably it will be out before then as there was talk of this quarter)

It seems pretty ambitious that they can do the necessary large scale drilling and testing to get the rare earth elements into the BDFS but if they do reach that June deadline then it will be a big day for all who are invested.

If it does turn out to be a deposit that is strategically significant in size one has to wonder if the monazite will be processed in house. After all the other main option for processing is china which sort of defeats the object of investing from a western perspective.