Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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If only Endeavour would offer the same again, their offer would now be worth around £1.50 as the Endeavour share price has risen considerably since the offer as it has gone from strength to strength while our share price has fallen. Or if only anyone would make a similar offer and the board, unsurprisingly keen on keeping their own jobs, would actually recommend what is in the interest of us, the shareholders, for once. Presumably if the Endeavour bid had gone through Cey would have been a drag on the Endeavour rise but we at least would not be talking about having lost money over the last couple of years. I for one would welcome any bid at £1.50, but chance would be a fine thing, especially if it left me with shares in a better growing gold miner. Roll on Barrick but I imagine that only being able to get 50% of the company is putting them off.
Sotolo I normally enjoy reading your posts but the latest. As a long term holder the last thing I would like to see is a sell out and especially to Endevour. Sorry but my view on this is no surrender at least not less than GBP 5 per share. Best wishes Peter.
Sotolo, From your statement I assume you had magic mushrooms on toast for breakfast this morning or you are smoking a "Spliff!". or both!
Oh Mr Tibbles, if only I had magic mushrooms on toast while smoking a spliff for breakfast. My point was that it is salutary to work out that the endeavour shares have risen while ours have fallen so their offer would be worth around £1.50 and it would be a relief to see our share price back there however it is done.. Of course I would be far happier with Somnamba’s price of £5
Sotolo--a question for you. IF (looking a fair way off yet) Centamin went up to £1.50 would you sell yours? If not , at what price would you sell?
Pre "Wall" episode you were saying they were going up to £3 when they were about £2.20?
Just curious.
Paul, sorry I just saw your question. I hoped that when Cey was 220 it would go on and hit £3. But yes, that was pre wall and pre the huge rise in costs also coming from oil rise and inflation. Now we will see falling profits as also the gold price has been declining in real terms -$100 over last year; so gold will have to near $2000 just to be level with a year ago, and with our increased costs more like $2200 for us. So yes if endeavour made the same offer again now worth around 150 I would probably jump at it and put the money in Barrick as so well managed, and much lower costs, to get the rise I need to build. But unlikely imho, rather looks like a slow decent at the moment
Thank you for the reply Sotolo. It looks like we are down a bit this morning as well. Forgetting about an offer from Endevour, IF the price went up to £1.50 would you sell?
Ive been in here about 10 years now and my average in above the current price as I bought on the way up and on the way back down.
You look at some of the traders on here who always seem to get it right, but I wonder if their success rate is better than average?
There was someone in here a month or so ago ****ging the share and boasting how they got into boohoo at £1.05. Boohoo is in the mid 90's now. Im not saying it wont go up in the following months but with any share there are 3 options (1) it goes up (2) it goes down (3) it remains the same.
I remember "making hay" on this board years ago who seemed to be able to time the ups and downs very well when the share was in the 40's and 50's. He got out about 6 or 7 years ago and missed the rise up to £2 + (dont we all wish we had sold then and bought back in now? :-) )-----------------------------But look at it like this , the share is 1.5 times (maybe more) at the point Making Hay got out AND there have been 6 or 7 years of dividends as well.
Fingers crossed things pick up , Mr T gets his golden flip flops and you get your house built.
Fair comments Paul, but how much will building materials and golden flip flops have gone up by then?
Alas I trusted the serpents, my hopes of owning the golden flip flops were based on a desert mirage created by ElRaghy & Pardey spoof and the complacency of a lazy BOD & NED's!
After the way we were deceived I no longer have the high expectations I once held about good times coming, it seems they were possibly just an illusion, a hope based on blind faith, so what will be, will be now!
But then is it really possible to trust any of the mining companies, or that said any company, the markets, or our worlds leaders and politicians?
It seems in the 21st century as though the odds are just as heavily loaded against fairness, truth, integrity and the ordinary people just as much as they have always been!
paulmetcalfe,
That Boohoo guy is a clown, I told him at the time to stick to Boo and some other detritous he was buying. All will come good here when the POG rises back above $2000
Hi Sotolo ,
Bit of a digression from worrying about the markets, but related to Magic mushrooms!
Whilst on a college course I became good friends with another student Dave who's father owned a well established reprographic/photographic business based in a small market town in the midlands. Dave didn't have a car license so in order that he could get to get to college and work Dave persuaded his father to buy him a Ural Cossack motorcycle combination.
The Urals was delivered from the Liverpool importers to Dave parents house in a large wooden crate, inside the crate the Ural's metal work was wrapped in brown greased paper , the rest of the bike was wrapped in wood wool and old egg trays!, it took us a day to unpack the Ural and then it had to commissioned for the UK by the local motorcycle shop, who asked if Dave wanted the supplied optional machine gun rail fitted to the sidecar!
The robustness of this URA; was incredible which was just as well because some months later after Dave had eaten some what thought were wild mushrooms for breakfast (which he had found the previous day)as he was riding his Ural down a lane he hallucinated causing him to swerve the Ural off the road smashing through a closed five bar wooded gate, then across a field and straight through a hedge knocking Dave off and the Ural to come to a standstill at the bottom of a deep ditch.
Luckily the farmer, a friend who owned the field arrived a few minutes later in his tractor and helped Dave who up who was free from major injury and then after taking Dave home returned to pull out the Ural which had suffered a cracked indicator lens and a broken number plate!
A few days later when the farmer called round for his cheque for a new gate he said that some the seasonal workers claimed they had found magic mushrooms growing in the spinney, but he had never found any himself .
From then on Dave decided to stick to eggs on toast for breakfast in future!
Dave ran his Ural most days for over 17years and apart from tyres and normal service items spent nothing else , the Ural is now only really used at weekends, having now now covered around 50 000 miles, it had a clutch replacement, but no other engine work and allowing for inflation is still worth around the original price!
https://www.youtube.com/watch?v=ytjW_XEaSdU
https://www.adventurebikerider.com/ural-ranger-right-hand-drive/
https://www.youtube.com/watch?v=3rxzPPk4cKk
http://www.cossack-motorcycles.com/ural-motorcycles-imz/