Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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Yes me too .... bring it on ... let's 'ave it ... etc etc.
Should shareholders request 50-75% of Transgas ?
How long will the waiver remain legally binding ?
I don't think the guys have done the maths on the deal. By the time GW has finished the shares in the company will be 6,300,000,000 divide that by the value of 26% of Transgas £10,740,188 and we get each share worth .0017p. OK we will have cash in the bank but we really are at the mercy of what the market itself values Transgas at.
Misleading again ttaa
If he issues another 1.9bn shares (as you say he will) at 0.4p then it will raise £7.6m which will add to the MC and not dilute the SP
You are becoming comical
We will see how comical it is in a few months Fyoz. I hope to god I am wrong but I feel I am going to be tied in here as the deal is going to be passed on both counts, hardly worth selling if it is although I want to. Maybe a miracle will happen and GW will show us how the hell he plans to make exploration drilling a thing of the past and go straight to production. If he can that's worth the money to stay here I think we will never see any hydrocarbons from him.
Err, you think he's going to do it all by himself?
Have you looked at the wealth of experience the other board members possess?
Fyoz, how about this...if he can raise cash anywhere near .004p I will admit I am wrong...my guess is much closer to .002p for any raise as I think £41.3 million is way off the mark more like £20 million valuation to my back of fag pac calcs?
TTAA. We all have the option to vote the resolutions down, and must be respected. However, most shareholders will probably research the probability of hydrocarbons in these license areas (ie Wytch Farm) and see the massive potential here. So I agree imo that the resolutions will most likely be agreed and this will relist on the main market. As shareholders we must decide ourselves whether we have confidence in GW and the board and whether to remain invested. Remember he decided to take equity in INFT instead of simply selling the areas for cash elsewhere. Best of luck whatever you decide.
unfortunately we have no choice but to vote for this deal in a few months time we can debate if it was right or wrong.