Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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People should realise there is highly unlikely to be a red dot Monday. The agm will give the opportunity for a name change. Once the name is no longer associated with oil, certain companies will be more open to them announcing a partnership with Sunda Energy. Let the 10-20% daily rises continue until the name change, then watch an announcement of a JV type deal.
GLA
Well someone had to say it !!!!!!
MD
I remember a couple of years ago massive buying in the last 30mins on a Friday. With so much happening next week, do you want to be out of this over the weekend? 🤣
Just like yesterday , trading ground to a halt 1045 on to lunch, also like yesterday now picking back up
Volume 1.616 billion and 834 trades , could double that by close ?
What happened here?
Nipped out for a few hours and back now and the sp is sitting in the same spot! 🤦♂️😂😂
What happened with the 'leak'?
Maybe a gas leak or puncture leak.
Old bod had no interest in going to production, Andy clearly does, looking to build his new Sunda Energy in the region, fast tracked to production and revenues , Chuditch will do that for him and with his reputation and contacts in the area, I for one am expecting Sunda to give it some thunder and transform into a mid tier regional gas player PDQ.
Only nearby indicator , Sunrise 5 tcf was over $1 billion based on the sale of 56% to Timor Gap for $650m, Chuditch has 3.5tcf with more exploration to come, so should grow, currently Sunda has 60%, depends on the jv deal/finance and what we end up with, 15 , 20 , 25%, which would still be up to 10-15 bags from here. That sale was 2019, price of gas gone up.
And likely next week too! Red dot Monday imo! Let’s see some fomo
The most recent high was just shy of £50m , so that's the wall to breakout from, currently £26.8m, get beyond 0.2p and anything could happen.
I always use this site to get a good idea of where I see a particular company sitting with its peers:
https://companiesmarketcap.com/
I did it with Rolls Royce a few years ago and I’d like to see what people think about current MCap level and where it ‘should’ be. 👍
I’m more of an MCap kind of investor.
Any views on what MCap ‘should’ be based with and without recent news?
150m gas pay zone appraisal well step out from confirmed Shell discovery.
We're moving forward with fast-track development type of thinking.'
At the moment ball park figures.
25b shares
@ 0.1p is a Mcap of £25M
@ 1p is a Mcap of £250M
@ 10p is a Mcap of £2.5B
@ £1 is a Mcap of £25B
The work that we've done has demonstrated that in our mid-case, the resource for the discovery is about 1.2 trillion cubic feet of gas. So that's more than a 50 per cent increase in the resources that we thought were present.'
Last time we weren’t anywhere near sticking a drill in the ground, we are on the cusp now! .2 will be blown to piecesa in my opinion
And do you really think anyone can answer that!
Momoni, await news!
Is this the real deal this time or max 0.2 then spiral back down - genuine question
Only with a share consolidation, currently 25.51 Billion shares, that's £25.51b market for £1, maybe 5-10p if drill boosts the gas volumes in place, way beyond current known levels.
Assuming everything goes well could boils share price be £1 in the next few years?
Not until its under placing price if im honest.Iv just purchased another 3 mil here as the mm milks the weak.
Hi Gordon when is the Clon reentry happening ?