Member Info for topsharepicks

Schaeffler is a global automotive and industrial supplier of high-precision components and systems in engine, transmission, and chassis applications, as well as rolling and plain bearing solutions for a large number of industrial applications, primarily focussed on the automotive industry. In 2018 it generated sales of approximately Euro 14.2 billion with around 92,500 employees, Schaeffler is one of the world's largest family companies and, with approximately 170 locations in over 50 countries, has a worldwide network of manufacturing locations, research and development facilities, and sales offices.
Under the MOU, the parties have outlined their intent to enter into a binding commercial offtake agreement within the next 6 months for the sale and purchase of MREC, which will be produced from Yangibana, Western Australia. The framework for the commercial offtake agreement is set out in the MOU, and the final terms and conditions will be formalised in a contract. Schaeffler's intention in entering into an offtake agreement is to ensure reliable supplies of rare earth material in the future.
The Parties have undertaken to negotiate in good faith to reach agreement for a 10 year commercial offtake contract to supply MREC which contains the critical raw materials of neodymium (Nd) and praseodymium (Pr). NdPr is a critical raw material used in the manufacture of permanent magnets, the key component in electric motors.

only 16 million free float shares rest tightly held

coming next rns update will set this tearing higher imo

Can see a break higher coming next few weeks

This should be 5p without doubt a big rise coming

tracking gold higher

Issue of Option to potentially raise a further $10.0 million valuing the Company at £220m

How does this work guys?

mmmmmmmmmmmmmmmmmmm nm

Simple maths:
Estimated in-situ grade in the range of 47-67% TREO
Exploration target of 20,000-80,000 tonnes of vein material with upside potential
408 in-situ veins identified to date. Mining and exploration activities have historically uncovered new veins
Exploration work undertaken by Rainbow to date at the Gakara Project includes mapping of geological traverses, geophysical and geochemical orientation surveys and the collection of 150 grab samples from REE veins which were submitted for analysis by an independent laboratory, ALS Chemex. The samples analysed by ALS Chemex yielded consistently high grades with an average of approximately 58% total REO and a range of between 47 and 67% total REO. Based on the average of samples of Gakara vein material, magnet REEs (principally neodymium, praseodymium and dysprosium) account for approximately 22% of the contained REOs within the Gakara ore, representing an average of approximately 80% of the contained value of REOs at current market prices.

So say they have 50,000 tons at 22% principally neodymium, praseodymium and dysprosium

which = 11000 tons of the good stuff which when refined is $120,000 per ton = $1320,000,000.00

Thats $1.32 billion refined material but we know they get say $2000 per ton for their unprocessed material so 11000 x $2000 = $22,000,000.00 hats $22 million

The question I have is they have an off take agreement with Thyssen Krupp for 10,000 ton per annum so has Thyssen Krupp bagged a damn good deal and left little for anyone else. Have they an agreement to double the price should that happen?

Seems a shame the chinese are effectively taking the icing off the cake by processing into refined materials buying at $2000.00 per ton and selling for $120,000.00 per ton?

The more electric motors are put in EV Vehicles the more electric generating motors will be needed in wind turbines

How China will rule the next industrial revolution
Because few governments have articulated, let alone implemented, an explicit resource strategy, China is more than a decade ahead of the game.

YEP the next industrial revolution BUT IMO its not TECH is the humble electric motor!

Washington is currently in talks with rare earth miners from Malawi and Burundi with the initial negotiations seen as an attempt to seek new sources of crucial supplies outside China, which accounts for 80 percent of US imports of the material, Reuters reports.

So MKA Mkanga and RBW

both set to rerate dramatically the switch from combustion engine to permanent magnet electric motor IS THE NEXT INDUSTRIAL REVOLUTION NOT TECH its the simple motor and china knows it.

They want a vertically integrated industry from mine to finished motor. They can dominate the engine of the world and USA is scared shxtless.

Europe needs to wake up and smell the coffee and I suspect the massive auto industry in Germany is quietly planning a response. Softly softly catchee monkey

ONLY 200 million shares of which only 135 million are free float and I suspect MUCH less because im not selling ONLY ACCUMULATING

only 59 million shares of which only 16 million are free float!!!!!!

Wesfarmers’ managing director, Rob Scott, believes the acquisition will provide an attractive investment in a project which is set to benefit from the global uptake of electric vehicles. In addition to this, it will draw upon the Wesfarmers Chemicals, Energy & Fertilisers (WesCEF) business’ ability to design, construct, commission and operate complex chemical plants.”

Build a rare earth process plant by any chance ;))))))

Wesfarmers are perfect fit and VERY forward looking they already have a large Oz lithium producer in the bag!!!!
What was announced?
According to the announcement, Wesfarmers has entered into a Process and Exclusivity Deed with Kidman Resources in relation to its proposal to acquire 100% of the outstanding shares in Kidman for $1.90 cash per share by way of a scheme of arrangement.
The offer price represents a premium of 47.3% to the last closing price and a 44.4% premium to the 60-day volume weighted average price. It values the Western Australia-based lithium miner at approximately $776 million.
The transaction will be funded through Wesfarmers’ existing balance sheet capacity and debt facilities.
Why Kidman Resources?
Wesfarmers’ managing director, Rob Scott, believes the acquisition will provide an attractive investment in a project which is set to benefit from the global uptake of electric vehicles. In addition to this, it will draw upon the Wesfarmers Chemicals, Energy & Fertilisers (WesCEF) business’ ability to design, construct, commission and operate complex chemical plants.”
He said: “The proposed acquisition is consistent with our objective of deploying capital in areas where we can deliver attractive returns to our shareholders by leveraging our existing strengths and capabilities. It will underpin the development of the Mt Holland lithium project and deliver Kidman’s shareholders an attractive premium and certain cash return.”
Before adding: “The acquisition of Kidman provides an opportunity to invest in and develop a large-scale, long-life and high-grade lithium hydroxide project in Western Australia. It also creates a unique partnership with SQM, a global leader in the lithium industry with a long operating history and deep market knowledge.”
What now?
The Kidman Resources board has stated that it supports the proposal and intends to recommend that shareholders vote in favour of the proposed scheme upon execution of transaction documentation on commercial terms consistent with the proposal.
In addition to this, a number of the lithium miner’s major shareholders, which together own 17% of the company, have indicated their support for the proposal.
Should there be no superior proposal and the independent expert concludes that the scheme is in the best interests of shareholders, it appears as though the acquisition has a very good chance of completing.
https://au.finance.yahoo.com/news/wesfarmers-announces-plan-acquire-lithium-230723151.html

https://au.finance.yahoo.com/news/wesfarmers-announces-plan-acquire-lithium-230723151.html

SO I HOPE IVE GIVEN A REASON OR 4 to BUY AND HOLD FOR 5 YEARS!

That was march 6th 2019!!!!

The Magnet Component
As with many new environment initiatives (e.g. wind turbines and electric vehicles), high-powered Rare Earth Magnets play an important role in the Hyperloop pod design.

YEP and why wouldnt they

Rare earth minerals play a crucial role!!!!!!!!!!!!!!!!!! WAKEY WAKEY stay awake children!

READ THIS AND REPEAT

The Magnet Component
As with many new environment initiatives (e.g. wind turbines and electric vehicles), high-powered Rare Earth Magnets play an important role in the Hyperloop pod design.

NOW READ THIS WHILE I MAKE A COFFEE (Bunting magnetics Europe ;):
https://blog.e-magnetsuk.com/2019/03/06/hyped-hyperloop-team-sponsored-by-bunting/comment-page-1/

wind power ect are the next Industrial revolution that is well under way and the USA knows it!

Rare earths have a very promising future IMO