Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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Government would never allow another company this size to go bust their the leaders in their sector.
Only way is up!!
Amigo are not a massive company and very few people would shed tears if it all went belly up. The SOA is by no means guaranteed, and as detailed by the company it's unlikely they will survive if it's rejected. The recent gains in SP are driven by a bit of mood music that it'll pass, which will clearly have a massive impact on the potential of the company moving forward. I'd not be surprised if a few take profits before the end of the month, so it's unlikely to be plain sailing all the way to the court date.
It's great to see a bit of movement though, especially for those that have been under water for some time. I've not posted on here much of late as I got cold feet a few weeks back and sold up with a small profit, but hope it continues to rise and that the SOA is accepted (if only to upset Debt Camel). I've missed the recent surge, but made my decision based on facts at the time, and as those facts have not changed I do not regret it (genuinely). It's great to see some real activity on this board though, and long may the positive vibes continue for a decent profit for those that held strong.
1. Sour Grapes
2. Do you seriously think JP Morgan would be building a position on a whim?
Only one way this is going and that's up.
I didnt read more than the first paragraph before filtering mulletman. Anyone passing off large II's buys day after day as "a bit of mood music " is just a purile time-waster. bye bye.
On a dip the amoeba come out to spew their nonsense. What sad lives these people lead - driven by pure jealousy at others good decisioning. sad little men.
Tree shake time...now it gets interesting!
Been a lot of babble here recently nice to see the price rising on some long awaited big parties getting involved but without the results on the issues we’re waiting for to be positive the sp can dive just as quick and never rise . Beevoma your a long term name still involved are you
Wallbrooke "Government would never allow another company this size to go bust their the leaders in their sector."
What utter rubbish! I'm sorry but if you believe that then you are sadly disillusioned
Much bigger companies have gone to the wall;
Intu Properties; owners of many large shopping centres around the country including Lakeside in Essex, Trafford Centre in Manchester and The Potteries Centre in Stoke on Trent. Debt pile of £4.6 billion.
All the clothing shops and department stores that have disappeared off the High St over the past few months, including but not limited to Debenhams, Laura Ashley, Top Man, Top Shop, Miss Selfridge, Dorothy Perkins, Evans etc
Flybe airline gone
Bright House stores gone
Mothercare disappeared before the current pandemic.
Carillion went under a couple of years ago. They were a massive company with big contracts in various sectors.
Other names you seem to forget, that have happened over the years with big job losses etc, include British Home Stores, Woolworths, Northern Rock bank, Bradford & Bingley building society.
There will have been many more but you get the point.
I totally agree Idle - Govt doesn't get involved generally. The FCA are under a lot of pressure however and have enabled a business model that doesn't work in sub-prime. Hence the Woollard report - hence him emphasizing the need for Amigo and the likes as important. The FCA will absolutely support the right approach and will be careful to try and get this right with the management team. Expect more due dilgence before the green-light. Anyone spouting out that the FCA will torpedo this are just moronic losers. The FOS need the money.
Not is safe, the govt will drop this like a stone, it's happened many times before. Carrillion interserve etc etc. Never think shares are safe, I've fallen foul of this and have learnt painfully.
Risk and appetite for risk is key. My risk appetite is high and I'm not going into debt for this. I wouldn't be here if my risk was high