Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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Impressive news just out - no wonder the share price has surged from the recent artificial lows:
Https://uk.advfn.com/stock-market/london/eu-supply-EUSP/share-news/EU-Supply-PLC-Framework-Agreement/79619491
Conclusion:
"We are pleased to announce the signing of this significant framework agreement following a competitive tender process, in which we achieved a very high score for our proposal. This may lead to substantial business growth across the UK in 2019 and beyond. We also see substantial value added possibilities with new modules and sub-modules, including for micro-procurement, being developed, adding potential further recurring revenue for the Company."
I picked up a few of these on the recent City Financial drop, after having my eye on this for a while. I would like a few more but the spread is 20%. I think I'll wait until it settles down.
I don't think we are sure what is the revenue implication of the news today if any? I think they are saying it could be nothing but they seem hopeful that it's good news over the medium term.
Ragnarlothbrok, forget the published spread as it's misleading, you can almost always buy (and sell) well within the spread - just do some dummy trades online to get the true position.
This is particularly true at present whilst the party who took on the City Financial stake at 8.5p rolls them out at a small profit. Given yesterday's news and the upcoming maiden profitable results, this shouldn't take long hopefully.
Yesterday's framework agreement news is obviously non-specific in revenue terms for EUSP directly. But given the £20m value over the next four years, and impact at all for this microcap is likely to be highly material, and that's what the CEO's comment was meant to put across:
"We are pleased to announce the signing of this significant framework agreement following a competitive tender process, in which we achieved a very high score for our proposal. This may lead to substantial business growth across the UK in 2019 and beyond. We also see substantial value added possibilities with new modules and sub-modules, including for micro-procurement, being developed, adding potential further recurring revenue for the Company."
Eish that was based on a dummy trade - at one point it was a clear 2p.
A lot of words in there like 'may' and 'potential' but I get your point, an opportunity like this is better than no opportunity.
Fortunately this opportunity will be easy to assess given the UK discloses its revenue separately. UK revenue has been absolutely flat for the last 3 years at 0.85/0.88/0.86 so this should help push it upwards.