Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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"The Company has been actively assessing a number of live, value-accretive business development opportunities and confirms that it has entered into a non-binding Heads of Terms ("HoT) with the majority owner of a European oil and gas company , with the intention of the Company completing an acquisition of the European company for a combination of new shares in Advance and an earn out based on oil production (the "Potential Acquisition"). The HoT includes standard conditions, including an exclusivity period up to 29 October 2022 and the completion of satisfactory due diligence. The Potential Acquisition would be considered a reverse transaction under the AIM Rules for Companies and is therefore subject, inter alia, to the issue of a new AIM Admission Document that would set out details of the Proposed Acquisition and convene a General Meeting of the Company to obtain shareholder approval for the Potential Acquisition.
The Company's shares were temporarily suspended from trading on AIM this morning and will remain so until Advance is in a position to publish the associated AIM Admission Document for the Potential Acquisition. In the event that the Potential Acquisition does not proceed for whatever reason, it is expected that the temporary suspension in the Company's shares would be lifted."
https://www.**********.co.uk/rns/announcement/7b9312b0-c9d6-49d1-8f94-c082fec27944/
I hate this wait
out of COPL, BOU, MTFB, G3E I am yet to have a 10-20x on the removal of suspension
Could this be the one...
Hopefully it should be yes! Wow!
Being honest, I’d take a bagger from here and the potential to start growth lol.
Anything more than that would be astounding.
Indeed, multiple pence sp before the end of this year would be nice, the sp was over 5p on January 17th this year so would be good to get back to those levels asap!
Looking good Seagull. Looks to me from the RNS that we will close a deal around October with the issuance of some shares and earn out on oil production. My guess is a small production asset but with development potential, interesting the part re European which I like. Let’s see TGR details but can see this doubling depending on raise size vs mcap uplift post raise. Time to sit back, enjoy and wait for details.
So what majority owner of oil and gas Co do we know in Europe. Subsidiary has to be privately owned. How I'd s****** if it was Rock offloading Med Oil!!!
Pleased for the people who held from the crash - well done for holding your nerve - where’s muscles today ?
I've already started looking at F-Type prices again ;)))))
I currently hold 1,111,111 shares purchased at 0.000899p.
I am hoping this can get to 2p again.
It will be my first jackpot on the markets.
Best of luck to everyone.
jonesrichard.
Agreed on timescale.
Only a number of weeks.
GLA
HeresHopin.
Purchased on Tuesday.
GLA
Could look a very smart buy come the end of this year, could be worth 10 grand or more, you don’t get those sort of returns at Bradford and bingly that’s for sure! SPAC,s are the highest risk therefore it makes sense that they should return the greatest rewards!
Hereshopin you had a stack here at 0.60 before the duster.. But at least that was a free ride though
Looks like it should work out very nicely here now though.
Bit harsh. I wish you all the best anyway.
You have clearly been following my modus operandi closely! Lol
Seriously though, no need for such vitriolic rhetoric aimed towards me is, besides, maybe this one actually will 2-3 bag!
I see your a bottom catcher hereshopin.. Sorry i thought you bought in years ago when buffalo was at planning stage.
You must have nerves of steal to do the old catch a falling knife trading..
I remember the signs before buffalo results came in.. Offloading a couple of days before and then a trading update the day before results to give warning.
I'm not suprised it was suspended earlier..
We are all hoping for a good result so who cares how we've ended up here?
Let's just hope for a good speedy deal
GLA
My guess would probably be a share consolidation and a placing.. Old timers like myself might get 25% back at best.. Tbh i haven't purchased more as i didnt believe but well done all who have recently.
It's neither vitriolic nor rhetoric. It's the truth. Just seeing you here spouting nonsense is enough to put anyone off
Evening Apple, I don’t think it’s inconceivable that this could return 3-5 bags in time, I don’t feel that is “spouting nonsense” but you are of course entitled to your opinion. All the best to you also.
Yes, 3-5 bags would be very nice upon relist, just depends what the terms are whether those returns are seen or not!
I thought that would happen when COPL had RTO and bought @38p now 15p