Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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Investing in the same companies as Trev is a risky strategy at the best of times for anyone who knows his history, if you where fully aware welcome to the roulette wheel. Which "Trev" nearly always wins, hit and miss for everybody else..
So, what will his play be here, do you think?
It looks like he sees this as a genuine business capable of being turned around, imho. But tricky rev is an apt name for him..
I know what you’re saying about TB. However, whatever company he is involved in, the company SP has always pumped multiples at least once - eg RMS, Braveheart etc…since TB has been invested in CMH, the sp on the whole has declined and there has never been a x5/x10 increase in the SP. While nothings set in stone, I’d say he’ll want at least 1 big pump for his investment.
On the subject of SP increases, nice to see some positive trades and price action today
Yes BRH was very good
IAQI 10 bagged
this hmmmmmm
Agree…CMH is a different beast.
It’s a very old and established company which has tangible products. It’s been a heavy ship to turn.
A lot of TBs other endeavours have involved new companies with supposedly revolutionary products being touted as the next big thing.
I accept that CMH is totally different to TBs other companies. However, investments are investments and he is looking to make money, as he always has.
I don’t believe CMH will pump 5/10x over a few weeks. However, I do believe we will get to x10 of the current sp…it might just take 2 years rather than 2 weeks.
Also, sudden pumps are unsustainable, as the other companies have shown.
I’d rather we grow gradually to 15/20p and in a more sustained manner
This all makes sense. I just hope the SP doesn't drift down on v.low volumes, as if it does and there does need to be another capital raise (I think there probably won't be) it could affect the issuance price and thus cause more dilution for those who don't participate in the raise, or buy more shares at the lower price to avoid dilution.
Me too Jerry. I thought for a good while that 2p was the floor but we’ve managed to drift below that. The picture here looks a lot better than it did. The company had 2 businesses to focus on now. A lot of the noise coming out of the company is positive. The current MC/SP isn’t aligned with that at that moment though unfortunately.
The company isn’t sexy and neither is the industry. However, I we start producing £40/£50m turnover like a past RNS said, and we can make a decent profit margin, then the market cannot ignore us forever!
I am encouraged by the fact that Castings are spending 17M of their cash pile to build a new foundry over the next 2 years. Of course this doesn't say anything about whether CMH have what it takes to compete, but it does suggest there is room for growth in this industry (onshoring, supply chains, etc). I originally bought because it had been in Simon Knott's RIII portfolio, though the new managers sold it when he retired. I bought quite recently, and have kept buying a bit more as it has dropped. I don't know anything about TB though.
Strange old prints at the end of the day?
One from the 5th March?
TB has a reputation as a bit of a pump and dump merchant. The other companies he’s pumped have had a ‘revolutionary’ new product. However, they’ve never taken off.
His involvement with CMH is rather different for the reasons stated earlier (old company, tangible products). Personally, the makeup of CMH doesn’t lend itself to a pump and dump type scenario. Instead, it lends itself to a more steady climb from where we are now.
Some decent sized round buys today. Is something cooking
Yes, something definitely afoot with those buys today! And as you say, a late one from 5th of Jan!
Interesting! Seems like someone has been loading up?
OK well, I'll try to make sure my average purchase price stays lower than his then. Oh, and carefully read all the reports right to the end, and not just the fluffy bits at the beginning.
I think that’s a sound strategy. Especially the reading reports. The company managed to bury an HMRC liability of around £1.5m by putting it deep down in a report and I missed it. I think the company has done a lot of positive things over the last couple of years and has generally been transparent, but burying that bit of info felt like they were trying to hide it! Won’t make that mistake again!