Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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You just have to compare this mornings sells to yesterdays buys to see how ridiculous this dip is..... way over the top (as usual).
I mean...what do people expect?
He turned round and said it's not a 'lifestyle' company (which, if they have to say it, is code for the fact it is), then goes and treats it like it's a lifestyle company, pulling 'fun' stunts with his pals. So we have daytraders using it to make a few bob (pretty normal for AIM) and mms dicking it around because they understand a man who talks in code.
Until LR produces something of substance, which proves to the market that this is not a flim-flam all talk company they'll continue to treat it/us as such. There really is no more to add. It's up to him to pull the proverbial rabbit out of the hat.
Honestly DJ if the mineralised cores aren't "Producing something of substance" I don't know what is? Yes it's frustrating watching the market punish us for the equity raise but WA and AMS aren't going to be rushed. When we get the independent results it will provide upward momentum and hopefully some stability. The team have done all they can to speed up the JORC process. The way sentiment swings with the market is hilarious - yesterday investors were congratulating LR on the excellent presentation, today as we sink on 10 LSE trades it seems to be widely forgotten or worse, dismissed as "Flim-flam".
The irony of this all is why did they just not "finish the job " in terms of what we know we have....ie an updated Jorc with "indicated" resource for lead, silver and Zinc.....why did they raise funds for further research at these low prices....surely with an updated Jorc the SP would have been higher and less dilution....think about it.....
Anyways...I have ranted enough on this BB and I am going to leave it up to Bobby to have the alternate view.... he does a better job than me :-)..... I am still very hopeful though that this share will come good at some stage ...despite the continued " games and such like " from MM's, DB and management alike.
Facts and actual positive mining data will move the s.p upwards.
Investors congratulating L.R yesterday got excited. I've only been invested for just over 12 months and I've heard him spout most of that stuff before.
Most of the talk regarding the potential for Toral is still on the the Lundin website from When they owned it.
Gla
Yep...agree Oiltap that is highly the reason.....but after we discover Copper you think we will need some more funding to discover gold ??? I also saw gold on one his slides in the presentation....LOL !!
Well Shed, what he's produced so far is known by the market, and its delivery has less than impressed it. Coupled with the placing antics. There's a lot of ground to make up.
The placing isn't technically the problem. They're normal for AIM as we know. And I didn't comment on yesterday's presentation and certainly didn't praise LR for it because I'm not going to forget that he pointedly cancelled the original presentation. And yes, they should be getting a knock on the door soon from the FCA. And yes it's all flim flam until LR proves to the market, and to us, long suffering types, that there's more than just words here. I am honestly aggrieved by what happened recently, and so should you be if you valued trust where your money is concerned. He has a helluva lot of ground to make up now imo. And I hope he can, for all our sakes. It's a great asset.
Yep I wasn't happy with the placing obviously. I've put my hand up before and said I was convinced we were done with drilling. If you want to remain invested then the hope is the additional resource we can now go for plus the work advancing the mine plan will ultimately deliver value back to your holding. If you don't believe the team can deliver that then I would recommend getting out and not torturing yourself on a daily basis.
I thought DB were a strategic investor.....Ref CB "This regrettably culminated in Europa Metals raising funds at a sizeable discount to the prevailing market share price towards the end of March 2019, albeit introducing a new strategic investor into the Company."
Do strategic investors sell at given times in the open market ??
well then....they must be strategic if CB says so.....strategic investors normally invest and stay invested.....
so the question really to ask and directed to CB.....who are they strategic to if they sell in the open market ?
The language that C.B and L.R use is ambiguous and suggestive at best.
'Strategic investors ' , 'slingshot' and 'interesting' .
A leader of a company that doesn't care about Interim s.p?
They don't care about p.i's investment one bit IMO.
S.p is king .
Show me the money!.
Gla
So in this case...the corner stone investor issues warrants to the strategic investor at x price....once the share hits x x 2 ....the strategic investor sells ..... and the cornerstone investor then gives the strategic investor more warrants ?
Lol.....just joking but it sure sounds bad....
Turning now.... .05 next resistant point after .03 :)
Sheep will sell - funny as fcuk these people
Is my bet still alive that Laurence will be the most popular boy's name in 2020?
Yep....they in the "last chance" saloon.......
My guess......Indicated JORC will be out by tomorrow...... lots of activity .........hopefully a "great" one....
@BricksSA - could be an exciting day then buddy. GLA
If the much discussed two weeks saving is correct then it's due.
...check the last few times we have had "price monitoring exts"....always big news after...we had a few yesterday and also check the volumes....not saying there is a "leak"....just my gut feel.
I'd imagine due to the 185m of purchases already today.
Fingers crossed anyway :)
With the s.p being so close to warrant price a £16K issuance this close to news has got to be a good sign.
Imo Gla
The MM’s just pulled that classic trick, dip the price very low very quickly, and scare a few mugs into selling cheaply before increasing it again. Be nice to break through .030 this time, feels like it’s going to.....