Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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half decent UT for a change 140.8p - not bad at all today considering the backdrop - outperformed DNO and GKP.
My others haven't faired so well ....
Punished for not having a terrible finish yesterday I suspect
why do we suck so much...... 135p and down more today than yesterday when the market was carnage - just don't get it.
not a lot of red out there today ..... oh yeah (Look at the subject) of course, it's us. If I didn't know better I'd throw the towel in here, utterly ridiculous how much the market dislikes us - even these debt ridden crazy producers are giving it to us
If we can't put in a gain today I'm packing up.
They keep wanting to test this 135-133p level which I'm finding disproportionate but actually this was last tested at the end of May when o.p was at a similar price ($69/70). It held then and moved up with o.p (sort of). Bottom line is we're looking like that monkey f'ing a football again, far from confident but we should move up if o.p does, I've given up thinking the company will do anything to improve our position here btw, any nice surprises, not that we've every seen one, is therefore a bonus.
Something definitely doesn’t look right here lately
They should move it up if the market holds, volume looks ok, certainly higher than GKP today. Scare tactics as usual, playing on PI emotions.
o.p still rising, shame we didn't recover as much as we maybe should have today, some of the bandits were up well over 5%, and I don't include DNO in that who were nicely up +4.8%.
I just can't visualise where our ratio recovery with o.p is going to come from, if anything we're falling further behind where o.p was at the close.
Interesting post on the RDSB forum at 2216 Tuesday which links to an article citing some reasons why oil producers' share prices have diverged from the oil price.
Obviously G have their specific issues but all companies suffering to some extent as Boyo's charts illustrate.
Author predicts a correction on the way - let's hope so.
Now be a good boy Jim and post it on here please
(Can't get the staff) courtesy of Ed1 on RDSB:
The disconnect between oil majors share prices and oil price is extreme at the moment.
https://www.zerohedge.com/markets/extremely-disconnected-energy-stocks-face-explosive-short-squeeze-jpm
Hopefully the guy is right. It is what we want to hear ... whether it does happen that way is another matter. Energy (oil!) is failing out of love with investors because everybody from media to politicians is banging on about fossil fuel being bad etc ... and it us driving investors away from the sector.
Whether it can change back to what it was before.... who knows? It is likely to improve a bit I think ...
Maybe, the under investment in new fields we have been hearing about for years is going to finally catch up with share price and availability of oil. So far there is plenty of it (except at Taqtaq ! Lol)
Bunks - thanks for saving the world from my poor IT skills - I did try to copy it honest (twice) - but it came over as plain text, not a hyperlink.
TVM.
no worries Jim - you did all the heavy lifting pointing it out.
what's up with our Volume today then?
19k is crazy low, even by our standards, maybe an IT glitch somewhere, maybe you could go and have a look Jim - lol.
Al good.
well the trend continues, o.p up a fair bit now since yesterday [UK close] and everyone (but GKP) down.
Crude up 1.7% and Chevron, Exxon etc. down... nuts, when the reverse happens everyone gets creamed, as we witnessed Monday.
the only green interval for this share now is the 5Y view which is +43.18% (some of us remember that time well!)
5 days -2.38%
1month -11.87%
6months -9.00%
YTD -5.03%
1Y -6.68%
Thanks to the KRG and G-IR, nice work.
first thing I thought we might be finally out of the dog house, schoolboy casino error, of course they can't resist the opportunity to test the mid 130's again.
is there a limit to how out of order these MM can be intraday?
LP 141.8 having touched 135 earlier. Nuts
The unfortunate fact about G is that, whereas the likes of BP, RDS and GKP have all dropped back recently, none of the others have dropped back to their late 2020 support level: https://invst.ly/vjfer
G has undoubtedly been the worst of the bunch since mid-March. https://invst.ly/vjfjl
Yeah, you mean late late 2020 (end of Nov/Dec), well Im not getting BSD excited yet today, down 3% now up 3% - probably finish flat... GL
UT147.00 +7.40 (+5.30%)
with brent flat, it's a start
If not a BSD then the closest we have had for sometime.
All non red font prices welcome.