by JIM ARMITAGE
The great Mark “Shappers” Shapland has had the temerity to take a couple of days off, so I’m filling in with Monday’s hot news for Small-cap Spotlight.
First out of the traps is the happy fact for followers of our Monday Market Minnows that Rainbow Rare Earths (ticker: RBW) shares are up another 4% at 19.5p. We tipped them in February at 14p and they’ve been going like a train ever since thanks to hot prospects from its Burundi mines. Here’s how we covered its prospects back then.
The shares came back in recent days from even higher levels, helped, one presumes, by a potential Russian ban of sales of certain rare earth metals to the US. Don’t ask me about the science, geology or whatnot, but rare earths are the kind of highly prized minerals that go into your mobile phone or laptop. I guess the thinking is, if the Americans can’t get it from Russia, all other sources should be in much demand.