Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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Hi uNkwnTrader,
Make you right pal let’s see what happens ??. Written it off now as a bad and expensive lesson in Aim market.
All the best
Gypsy
Lol...2 posts Cat-123 has lost 52k shares...ha ha ha....£21 quids worth....I've lost and found more down the back of my sofa...:-)
Ps for what it's worth , I've recently bought 30m in several batches in anticipation of a strong opening for Elights listing this Thursday...7.5p a share is the listing price, but obviously this could rise significantly on demand and interest, especially if we get news and confirmation of their Clean and Green Technology funding partner. Gla holders...Exciting times for those now investing at this current low sp. ;-)
Ps following the share consolidation on listing, I'll need 8.5p to break even on my 30m bought over the last couple of weeks....fortune favours the brave....and the savvy...:-)
If it makes you feel better I will need about 19-20p
I am hopeful of it and more to be honest, this could and I say could be absolutely massive, big time.
Moneymunch
“ I'll need 8.5p to break even on my 30m bought over the last couple of weeks”
0.3p is 9p, in theory, post consolidation.
The addressable market is £25bn and growing. Just our NHS spends £540m per year. Earlier this year it paid for LED upgrades, but from now on, it won’t have to.
https://luxreview.com/article/2019/03/nhs-awards-led-lighting-upgrade-contracts
I doubt that Harvey Sinclair’s plan is to run this market leader, only to have the sp stay at the placing price!!!
Is that correct K3VMC, I was calculating the new planned listing sp against the current sp from the following admission document....nevertheless, EAAS will be bouncing into double figures soon enough imho, and positive news on their Clean and Green Technology Fund partner could add significant value with any luck. Gl :-)
Number of New Ordinary Shares of 0.3 pence each to be admitted
following consolidation:
New Ordinary Shares: 130,926,167
Issue price per new ordinary share: 7.5 p
All of the Company's AIM securities will be freely transferable.
No ordinary shares will be held as treasury shares on Admission
to AIM.
CAPITAL TO BE RAISED ON ADMISSION (AND/OR SECONDARY OFFERING)
AND ANTICIPATED MARKET CAPITALISATION ON ADMISSION:
Capital to be raised on admission: GBP2 million
Anticipated market capitalisation on admission: GBP9.8 million
PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS AT ADMISSION:
41.9%
EXPECTED ADMISSION DATE:
9 January 2020
0.037p paid. That is 11.1p in new money (300:1 consolidation).
That is a 48% premium to placing price.