Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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It’s been Interesting watching this share over the last year,
I held for a while and sold after the director sales,
There is way too much competition in this market currently with dream cars / elite competitions etc etc etc
Youngsters don’t want to spot the ball, they want a entry in a competition for a few quid. Spot the ball is not a relevant thing nowerdays and only appeals to football fans.
Directors did well to get out and this company needs dragging into the 21st century by a director with vision and a clear understanding of the target demographic who plays these games.
It’s such a pity for shareholders. It just has a dreadful Porters 5 market outlook: when they left airport concessions they lost their modest competitor moat. Now they face more direct competition ;still a fear of unhelpful regulation/legislation; digital customers with more to spend their money on post COVID; fear of innovative new entrants /substitutes.I recall the stockopedia stock slam folks quite recently suggesting it was a ‘ darling’. Sadly not any more. Eg No way could I attempt a dcf on this as I could never estimate a terminal value. Will this business model even be around in 5-7 years with the pace of technological change. ?With their cash , increased marketing & management expertise there will be some value here but it’s days of being seen as a safe, growth bet seem long gone.
Either way we look at it, this was £34 in March. Today it hit another 52 week low of just £5.70p. My buy at £6.50 was not the lows and we are going quickly towards below £5 on the charts.
PI's who followed the various tipsters who presented this as a superstock have lost hugely. The Primary Bid offer at £24 on behalf of the directors....may be the biggest PB loser ever in such a short period. In the US investors may well have issued court summons etc. to identify exactly what the directors knew and when. It all stinks a little....and I say that still in profit overall. I admit I am very relieved to have sold the placing stock in the £30's or I would have taken a big kicking.
Apologies for my ignorance but what are all of the greyed out trades showing as happening on the 12th of October
Just trades at the mid price so the system has nothing to indicate whether a buy or a sell.