Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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Bewidlering behaviour on the markets, including the ASX!? The herd is running in many directions, and all at one time.
Valuations have nothing to do with reality, but something else. What?
The meme-stock fever gripping US sharemarkets has reached the ASX as retail traders swarm towards popular companies reported (and rorted ) on social media, message boards and budget trading apps.
The young investors who are part of this new wave prefer to conduct research on Reddit, Facebook, TikTok and Twitter, and speculate on stocks they expect to rise, without any reference to fundamentals.
The result is befuddled valuations across the market where online forums and social trading determine valuations far more than estimates of future cash flows.
The meme-stock asset class’ new frontrunner is South Australian minerals explorer turned deep-tech quantum computing hopeful Archer Materials. It climbed 21 per cent on Monday to a record $2.88 on a valuation of $655 million!!! p/e ratio was what?
Under its chairman and significant shareholder Greg English, Archer has sold its mineral tenements to focus on developing a quantum computer chip capable of working in mobile devices at room temperature, but for now, has no product, with the potential technology in development (at best, being researched maybe another way of describing it???)
APPEAL: Materials are the tangible physical basis of all technology. We’re developing and integrating materials to address complex global challenges in quantum technology, human health, and reliable energy...
THE BUSINESS? Archer is an Australian ASX listed company developing innovative deep tech for commercialisation in the multibillion-dollar global industries of quantum technology, human health, and reliable energy...NO HYPE HERE?
NEXT ...Utilising Tier 1 tech development infrastructure and facilities, R&D, people and IP, to support pre-market development....THERE IS THAT WORD AGAIN TIER 1, AND NOW ITS INFRASTRUCTURE ... and "PRE-MARKET DEVELOPMENT"
THE EXEC CHAIRMAN ON $675K PA TOTAL REMUNERATION
just amazing to see how the market works. .... do something boring like make money, mining gold, paying dividends to shareholders ... no, thats yesterdays stuff...LOL
how will it end?
good luck for those in the casino...make sure you know the new rules before you play, or have a longer time frame than 8 seconds ...
best
the gnome...
Hi Mr Gnome,
I agree it seems as though they prefer to invest in the "Hype" of something that does'nt actually exist possibly never will, although those that run the markets don't care as long as it keeps the markets fluid, they will pump anything or ideed "a might be" up as long as long the punters keep buying into the dream (many on leverage (CFD's) until it starts to become apparent the dream has no substance, but by then the shorters will have taken their positions and the brokers advised their clients to sell and the market will make make lot's of dosh as the dream fades away at an amazing pace taking those that did'nt get out and their money with it!
But never mind by then there will be some rumours of more "Pie in the sky" or "Pink elephants" starting to emerge in the mainstream and on social media with a chance to get in before the price really takes off !
Possibly then if the manipultaion of the P.M using paper is going to be more diffcult after Basel 3 and considering that P.M. dont seem to have the same attraction to a newer genration of "Cloud" investors / traders then this buying into the "Dream" will be where the market manipultators can make their money?
In some way's we Centamin investors have been sold the dream of "record guidance" next quarter, "Good times coming" (Oops sorry, next time,"Oh bugger unexpexted low grades,"Oh dear forgot to sweep up the open pit crap" ) by the prevous management.
But that said our dream can becaome a reality now we have a manegement who are capable and intent on delivering on what has always been promised, just unfortunate it's a decade late!
But there you go, at least there is some reality , or substance to our dream!
Indeed Jep
Many of the "new breed investors" were not long out of nappies when that happened! which is an important dimension of what is happening in the markets,
the other being they have only ever watched the get rich super quick on twatter or twitter, which is generally very short in keeping with their attention spans. ... LOL
Funny old world eh?
best
the gnome
Its a great game and interesting "investainment" ....
https://www.youtube.com/watch?v=PyLibYAMDcM
a little before my time, but the intro says a lot,
https://www.youtube.com/watch?v=ptxxq5PUHEk
wheres the next hit brudda? LOL
best
the gnome
Yes Mr T--we have been fed rather a lot of c-ap over the years at Centamin. Hopefully it will come good for us sooner rather than later. Its fingers crossed for that and Martin Horgan knowing his stuff and being straight. He has been left a fair bit to clean up and i dont just mean the pile of dirt. Im hoping he is sorting stuff out a basic level, reguarding getting gold out of the gound and also putting energy saving and cost cutting measures in place. I think he is probably under promising a bit at the moment, partly so he can produce a rabbit out of the hat at a latter stage. I think that maybe that "rabbit" will be in the form of a small special dividend next year.
If Batie West is sold off and the money goes into the bank and things open up with clearing away the pile of dirt, things could start to look up with the new areas and those 44 new trucks coming into play.
Anyhow, fingers crossed ---------another 6 month wait for anything really good I reckon.