Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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As put on their board:
Latest big sell on RMS 21,342,405
BRH had 112,592,405 to sell,
Sells like this always show up as round numbers until last lot sold.
Look at last 4 digits ....2405
Wow! Thanks Baffyman
Probably another £3million+ in the Braveheart war chest then. Interesting to learn what they are eyeing up ?
Must be good if they've sold RMS to do this.
Have a feeling they will use it to fast track covid test (already allotted £3m to it but not enough to bring to market , ready to sell on)
Themselves?
So with the RMS sales, warrants converted a the other week plus whatever other cash BRH may have had would put us around £19m cash.
Market cap is £15m.
Other investments valued nil
Hmmm
Watch out, money will disappear as quick, if not faster than it came.
Maybe a consultant fee.
An investment in cloud cuckoo land.
Gone just like that.
Thanks for your support and after looking at your posting record,I can understand why you feel like that.
anyone with a ounce off brains would need too be cautious off this gang ,lots off unhappy people on rms about directors dealings ,caution the word with this gang
Silver,why are you guys from RMS trying to save us poor BRH investors? You don't hear me saying what I really feel about RMS.
Yep do your research in the right place,
Goid luck you'll need it,
hull tiger you do what you want dyor ,rms has had close links with this gang ,caution the word
BRH sold for a reason, and it is not purely ££
I am of the view that a special dividend will be made and the largest shareholders will make a fine retirement pot which IMO is where the BoD need to be!
6 x Investments that are valued at Zero......1 investment that can drive revenue and they sell it?
Short-term thinking and a flawed strategy!
1. They may know things that we don't, it may not be as easy to that business that profitable
2. Peak speculation always carries a very high premium on the SP & market cap. which is seldom reached again once the reaility of manufacturing or releasing a product sets in, people are assuming xyz sales of marks at xyz prices, which are most likely inflated and forgetting in many circumstances up front costs need to be made... Never mind unforseeable issues
3. They are likely to have many investment opportunities lined up. Trevor has a lot of fingers in many pies...
4. They've done really well with RMS as WELL already, it's not like the company doesn't have a future now, but to think BRH didn't sell well at a mcap of tens of millions is ludicrous. Risk / reward, it was perfectly executed, well done Trevor!
5. I understand there will be a few disgruntled RMS shareholders and I can sympathise, but that does not change any of the above...
Omne - I respect your opinion but I have an opposing view, I believe BRH are an investment and incubator company, as such they grow business to a point and get out. Not all businesses invested in will succeed, and some may take a long time. I really sense they made sound financial decisions to cash in and now they are in a position to back other investments, rinse and repeat. Who knows if RMS P2F will gain market caps that’ll overtake BRH, but I somehow doubt it.
Well I still stand by my initial thoughts...
RMS = NCYT2
BRH = NCYT3
What's the problem???? I really do not understand!!
I am reminded by Sir Al (CEO of Avacta), that no one manufacturer has capacity for all covid test requirements! All tests are necessary!
Literally, we need to throw the kitchen sink at it! Boris has with Operation Moonshoot and Trevor has with his cashpile. The war on covid goes on! Even when a vaccine is available testing is required due to the staggered roll out and limited vaccine availability!!
The point I make is that all covid companies have the opportunity to reap rewards! The best tests, technology etc will reap the most rewards for investors!! That's why both BRH and RMS will be winners!
Anyway, going forward I will only reference BRH comments on this BB and RMS on the RMS BB.
Hands, FACE, Space
Carl's test - fast (tick), sensitive (tick), specific (tick)
Test, test, test
I think there is a 2% chance we will get any kind of dividend. LOL
Tom, your loyalties fantastic but I doubt the test will ever come to fruition .
You are too emotional with the share and I have to tell you that it is going nowhere imo apart from drifting down.
Good morning to all.
Thete have been some shocking things said about certain individuals since the sale of RMS ,so can I remind you that you cannot hide from the libel laws on a BB. Thank you.
I am speculating that Trev and Braveheart are buying up IQAI today to offset that tax bill asap. There is a high probability of this , and don't be surprised if there is an announcement next week guys.
har de har what tax qualification do you have?
I don't. I leave everything to my Asian accountant. ;-)
HahaHehe would that be a good thing?
I have no knowledge of IQAI, it seems to have performed well this year
Any future hype/potential we should be excited about?
Judging by todays rise of 18% I would agree, looks like there is a big buyer there so probably BRH
welll i am afraid your speculation is misguided old chap . you dont get relief for reinvestment in shares as far as i recall having breen a tax professional for 30 years . Admittedly i am five years out of the game now but i am sure that would not have changed.
Also there is a tax relief for sales of substantial shareholdings.... i cant recall the precise deatails now think it was over 50 \% holding and the company had a trading activity.
Haha that could be another good call. I know nothing about them and for some reason I cannot get a link to their companies website. Would you be kind enough to provide one. Many thanks.
GLR, It's just speculation from my part . I'd say the chance of this is 50-50.
As far as I know you may offset tax from cgt by donating to charity or reinvesting in another company. Various ways avoiding tax also but I'd like to be corrected if I am wrong