Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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Almost warrants an RNS in itself! Pretty reasonable now to assume there is something significant “post Balance Sheet date” is holding things up! Odds are in favour of it being something good with all the stars appearing to align at the moment!
I get the feeling the MM's know what's coming and would love to drop the sp to get loads of shares just like they did with Rockhopper before they announced they had found oil.
I was under the impression that if the accounts were overdue past a certain time that you had to apply for a filling and reporting extension. If they apply for a extension to the accounts reporting will that be notified by a RNS?
They are not overdue in any penalty sense, just later than in previous years
Many thanks
What a crap day, this is what happens when there is absolutely no buying pressure. Also some serious manipulation, an AT sell after every buy is just not normal, a few hundred quid each transaction. Like I said yesterday, somebody wants the price down and they can do what they like right now. Technicals have gone bearish, and the whole picture is being drawn to fit and produce cheap selling, shops triggered everything. Personally I think its a bear trap and the real purpose of this is cheap selling but also cheap BUYING. Not having my dollop load before I see fair value and that's multiples of this peasant price. RNS Monday with news would teach them a lesson.
Oh, and that £114 UT they managed to squeeze in at 4.45pm at 3.8p just to rub it in, they wanted this to close sub 4p today in order to get the SHORT call out on technicals. All a game........
Oil nudging $120...economics of Darwin off the scale at that price. Hard to resist for big oilers.
POC Oil could be £200 but if there isn't buying, it doesn't make any difference. Like pushing a rock up the hill, if the pushing stops it drops- same with shares. The BIG difference here today is whilst buying pressure is poor the sells were not much, and by selling I mean ordinary trades. But as all can see today, the book was manipulated with A sells all day long for peanuts in money. Those A trades cut through through the bid and with that the worst price for this stock has been on offer all day. When others see this, they try and sell because they see the price "dropping" but its all BS. All a fit up, come on RNS tell us something to stop the rot. Current asset value here (in place discovered) is now USD 54 Billion/£43 Billion Sterling/ Market Cap £22 Million. LOL
I would say the board are flat out right now, hopefully not sunning themselves on the beach, but working on a deal with a big player. Must be in commercial discussions. Could have issued the annual report easily and say we are in discussions on monetising Darwin if they were at the beginning of the process, but hoping they're at the end and near a deal.
For what its worth I believe we are also finalising a deal now also, there is no reason to delay last years finals unless the chairman and CEO update and outlook is different. I think we are over the line shortly with something, personally a bid because my undercarriage has now gone grey due to this stock. If a farm out, then ok as well and grey is fashionable now anyway.
Hi Gus, like I said earlier on. I had to place 3 orders yesterday to get my extra 500k shares as there was no quote above £9k.
The current price is pure gamesmanship and I’m not the slightest bit concerned. Nothing has changed here so it’s simply a matter of waiting for the annual results and statement on the farm out status.
I really hope it comes out on Monday so I can laugh my ass off.
Still though, trust me to buy at 4.9p and it drops like a tyrannosaur turd.
ATB
Hin Anth, agree- my holding has now gone to 8.1 big ones and I may go to 10 or 12 if I am really moody..... . Easy to take em on, go to exchange rather than quote and I may do battle next week.
That’s a substantial holding Gus, nicely done.
I was looking at the chat on ADVFN and the de-rampers are out in force. And taxi-babe has also waded into the chat with her thinly veiled BS. Funny their not trying it on here, or none that I can see anyway.
Just watch this blow up again when news arrives, or the Calgary chap decides to take advantage of the lower price.
I meant to add, there’s about 4 de-rampers working like a tag team and it begs the question….. Why ?
I’m not being funny but wtf would anyone waste their time trolling a message board for a stock they don’t even own, and there’s 4 off them going at it like a cheap porno shoot. It speaks volumes really.
I can’t wait for the annual results and the corresponding money shot that will paste every one of their faces like a porridge cannon.
Happy days
In my experience some people dont need a reason to antagonise others on these sites, its how they get their kicks, which is why I like to call people out on their logic if I think they are posting just for that reason.
Calgary purchased their last 1 million shares at 5.5p (I actually watched the bid ramp from 5 to 5.5p and the ask went with it). One hour later came the RNS, saying the threshold was crossed that day. If the big investors are buying at 5.5p then as per my other 2 recent posts- this drop is false (bear trap) Good Luck for the week ahead.
Hi Gus, you could see from the volume of AT’s on Thursday that it was a trigger point for sells creating more sells without most of the investors even knowing about it till it was too late and they had been pushed out to make way for the Calgary boys.
I’m glad I managed to get my additional 500k shares at 5p. It was a particularly ballsy move, even for me. Every egg is is the bor basket and I don’t have a brass razoo left in my isa account.
I feel that something is coming and soon, so it’s balls out and fingers crossed.
ATB
Hi Anth, my last buy was 5.7p I think but not a big one, last big buys were in the late 4's . This will come good and soon I think. RNS tomorrow?
Hi Gus, I sure as **** hope so.
I certainly hope you are both right about good news in the update.
Mr Brimacombe is going to look a bit daft if BOR don't get a deal...along with a few on here... ;o)
Well they are delaying results for a good reason, even RKH posted theirs today. Bid getting itchy down at 4.35p and offering 4.5p for 100k and 1 million still within the 4's. May have to go up to entice sellers, ask not getting bitten into either- all quiet and a little too quiet. Something to pop soon???