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then=than
Monarch,
Those were exactly my thoughts. RBW will have different rations then a well established miner; expenses, for starters, should be way more than what their output is as costs for machinery and infrastructure will dominate their budget at the early stages.
As you pointed out, the focus is on NPV and future rare earth prices when the EV revolution will really start taking place. My research was based on that and the rest was my views on the BoD and how they conduct themselves, geopolitical aspects (is it a safe region) and the local infrastructure around the mine as well as possible future demand for the mined minerals.
Then, buy what I am confortable to invest and, as the mine progresses, buy more.
GLA
Thanks Monach. I'm actually new to investing at trying to find my feet on what constitutes due diligence in my research. I do enjoy research. I appreciate people answers they are very helpful. I will focus on assessing the assets and projecting the Mcap like you suggest. Any tips are welcome. Thank you.
agreed,and then "Ouch, that's going to hurt!" then the abuse ! and instead of trying to be abusive why not take up my previous offer ????????
At least it was a question !
textdriven, looking at your posts, you seem to look at charts and financial research. Both are valid for more mature companies but here we are talking about „early stage“ exploration companies. Pretty sure Rio Tinto and Glencore‘s ratings weren‘t that far off from RBW‘s when they started... important here is to look for the potential asset(s) and project the related Mcap. IMO
Yeah i thought it was probably something i could safely ignore as it is automated and doesn't take factors like the age of the company into account. I was just checking if anyone else had flagged this and what their thoughts were. Helpful replies thank you.
I agree Phantom,and the figures are completely skewed as they just reflect the facts that we have/will save a fortune by buying machinery for Gokara so it will take a while (maybe years) for that to be seen as a benefit on the books but all the time it is saving rental and allowing us to expand the resource hugely.
To me it seems an irrelevant test to carry out on a company that is not in full production, what books is it trying to cook? None. One of the best tests for a share that is going places, is to note the arrival of interest from those with a 3 day old account asking questions with a negative slant
Thanks i'll check it out.
These are the 4 out of 8 checks that is flagged in the earnings manipulation risk report.
x - Are receivables increasing in proportion to sales?
Rule: DSRI Last Yr < 1.248
Days Sales in Receivables Index Last Year: 18
x - Is the rate of depreciation stable or increasing?
Rule: Depreciation Index Last Yr < 1.039
Depreciation Index Last Year: 6.0
x - Are sales, general and administrative expenses under control?
Rule: SGAEI Last Yr < 1.0475
SGA Expenses Index Last Year: 5.2
x - Are accruals low as a proportion of total assets?
Rule: Accruals to Assets Index Last Yr < 0.0245
Accruals to Assets Index Last Year: 0.06
Not something I've come across, I suppose without anything to explain the judgement it's difficult to argue against it without pointing out all the fundamentals behind the company. There are several recent videos on youtube from George Burnett the CEO if you want to reassure yourself.
I am interested in this share and the bullish multibagger chart it seems to be showing. I've just started my research but I notice it they are flagged on Stockopedia as having a high earnings manipulation risk and it qualifies for James Montier 'Cooking the Books' Screen(Short Selling). Since this are automatically assigned I am not sure I should place too much importance on them. Just curious if anyone else flagged this in their research?