Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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From an endemic disease called verbal diarrhea - it now looks, judging from certain posters on this board, that it has spread to the printed word. Can anyone suggest a cure?
Why would anyone sell under 14p or 15p even. They've raised a decent amount but just an understandable amount less than wished for from pi's due to crappy circumstances. Wait for less if you want to chance it but what the hell. 15p is good imo. Don't really care what anyone negative thinks. :o).
Back from school TwoGood? You seem to post 1st thing, then nothing until the schools have closed. Hilarious. Could easily be the case as to post here you don't have to give proof of age. Everyone should note that.
SPAM ⚠️ ALERT!⛔️☢️☣️⬇️📴〽️🚫🏳📢📣🖲
Device (that can catch circulating tumour cells, 99% of them still alive, from blood for analysis) is key to generating 10's it not hundreds of millions of pounds. I see him as an excellent salesman. I mean he's sold millions of pounds of Angle Shares to you, me, and thousands of others! Many are understandably upset that they bought into the placing in 2022 @ 80p. The directors at that time thought the Parsortix machines would "fly off the shelves" and clearly, they did not. However, all in not lost. Far from it. 290 machines are out there and each time a tube of blood is processed a new cassette is needed @ what..... $200 a go? It's likely that to promote Parsortix some machines were sold for a minimum fee, with x amount of cassettes also for next to no cost. Once the cheap cassettes run out then, assuming they don't stop using it (which seems unlikely) a steady revenue flow should appear if it has not already. We should not forget 99% of the CTC's Parsortix catches are alive and so perfect for Analysis. Not only the DNA, but the proteins and RNA too. CtDna analysis of blood only offers the DNA for analysis. The proteins and RNA are simply not there. This is why the likes of Astrazeneca and Eisai have placed orders with Angle Plc and IMHO a lot, lot more will follow in time.
All IMHO.
'How on earth is he going to make £5m in 2H? '
This is the key question Fevertreeman. The perplexing thing is that this figure is 5x the H1 revenue and yet the management have expressed confidence in achieving it. This is either the mother of all wishful thinking OR the management are aware of something which will significantly increase revenue and in which they have very high confidence. I can't believe that the management would be stupid enough for it to the the former, so I'm going with it being the latter.
Thought 1st thing this morning it might take a tumble, then pull back later. Actual was small decline, then pull back to quits.
Onwards and upwards!
Agree. The biggest issue remains Nero Newland and his big mouth! The Board seems powerless to hold him to account for throwing out forecasts without provides the smallest scintilla of evidence to support them. He has categorically told the market he’s happy with £6.4m (based on on discussions they had with the company) as recently as the FY results the other day. And yet he’s given a 30pc range for pending 1H results. How on earth is he going to make £5m in 2H? The total lack of supporting evidence is so typical of him, which then leads to more ii’s bailing out when he spectacularly fails to deliver. The latter has been set ages ago and Nero’s arrogance astounds me and others
no, it can't be bad. annoying that people can still buy just below the offer price of 15p.
mr newland needs to do more deals with the likes of astrazeneca and eisai pronto!
2 with astra so far. i think there will be more with them for sure. ab****ely definately.
all imho.
Let's be honest today's news re OO was not good, and yet the SP has held... that can't be bad, can it?
What proposed income they don't have other than a couple of tiny pilot schemes worth a few hundred thousand at best!
TwoGood2Die......'Current cash burn 🔥 £2m a month! '
You're obviously not accountant......what about offsetting the proposed income?
It is tedious isn’t it MOAB.
Carrot
You really are a card carrying unreconstructed ramper of the highest order. One has to admire your almost comical persistence. A bit like the band playing on the sloping deck of the Titanic.
Not a single new fact in your latest ramp, all c&p.
All IHMO, as you put it.
1. "Completion of the fundraising, announced separately today, alongside delivery of market expectations is anticipated by the Company to secure cashflow breakeven on a monthly basis by the end of 2025."
2. "Installed base of over 290 Parsortix® instruments with 210,000 cumulative samples processed at year end". Regular income as a new cassette is needed each time a blood sample is processed.
3. New contracts with both Eisai and Astrazeneca in the cancer drug trials side that could lead to multi-million-pound revenue should any of these drugs prove successful.
All IMHO.
You are aware the result were for the year ending Dec 31st 2023?
Refer to 9th November business update RNS that explains the cost cutting.
Current cash burn 🔥 £2m a month!
That's after cost cutting!
Fevertree, I thought the £20m a year cash burn was the level before all of the severe cost cutting exercises you criticised earlier in the year? 🤔
Given the fact that the sp was stubbornly below 15p post announcement, £500k wasn’t too bad but a drop in the ocean vs the £20m annual cash burn
...would have used "diasterous" but that would had been two..
...in one word "awful"
"The Open Offer raised gross proceeds of £0.5m at the Issue Price, which will be used to strengthen the Company's balance sheet. In aggregate, £9.3m of gross proceeds have been raised pursuant to the Placing, Subscription and Open Offer."
Not surprised at all by the limited uptake of the open offer. A poor show by those that forced the share price below the offer price. Not a lack of confidence but just human nature to take advantage of a lower buy in price. Well done to those showing confidence by subscribing to the 15p offer price. Anyway onwards and upwards. :o).
I suspect today would have been a good day to buy.
We will see.
I think that the OO take up will be small, which should be seen as a rebuff to Newland's approach to leadership. Too many have been burnt by wild forecasts that are not anchored in reality. Do you seriously believe that at the half year stage with 1-1.3m in the bag he can seriously hit the £6m+ he predicted?
Of good news to go with it I'd say.
We will see.