Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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Ouch!! must be a lot of embarrassed rampers on the site today??? Got a bit ahead of ourselves on this one!!! Oh well maybe next year!
Exactly! History repeating itself…but there is always next year after the sellers get out of the way, warrants are out of the way, this and that is out of the way, etc etc. so much hype throughout the year and never quite materialises as people
expect. And for the price forecast…8.6p/9.5p…pie in the sky. This share should be flying many times over but the figures speak for themselves. I reckon sub 3p until next announcement. Then it’s anyones guess.
I am not quite sure why you refer to hype - 2021 rev was estimated at £5.5m and GFIN did £5.7m, during a period when lockdowns prevented in person tournaments. If 2022 and 2023 forecasts are met then the SP seems quite cheap IMHO.
In the short term Stock Informer could get this to EBITDA positive quite quickly - in year to March 2021 it did £2.2m rev and made £2.1 profit. This was bought by GFIN in Sept. CEO recently stated some days it makes over £15k (although also said they have £2k to £3k days too). The lead up to xmas will potentially be a big earner.
GDM had 10.7m users at 15p last year, CEO has already stated this is now over 15m at 20p now so clearly decent progress here too. I just think a bit of patience is required here.
As there was no trading update in the YE figures this could drop in mid to late Dec when H1 numbers are better understood.
From the Canaccord note:
Recent acquisitions successfully integrated
We understand that the recent acquisitions of Stock Informer and SiegeGG have been
successfully integrated. These acquisitions will help to scale the fast-growing GDM
business, with the addition of Stock Informer in particular, transformational in terms of
divisional and Group profitability. Stock Informer has developed domain authority and
has become the go-to destination for gamers and others to source scarce and in-demand
products, attracting over 1.9m monthly users and 350,000 social media users. We believe
that the business is well positioned ahead of the peak trading period as the latest 5th
Generation consoles from both Sony and Microsoft, along with other popular electrical
and gaming related products, remain in high demand and short supply.
I expect an update in January/February giving the seasonal figure update
This share has 1.1 BILLION shares .....so...1p share price change moves the MCAP by £10.1m ...so you aren't going to suddenly get a MCAP increase of £50m
To make money here you have to say...sell at 5p and buy back more shares at 3.8p say with that cash .... ..which is what is happening
I would guess this is finding a price cycle low ...ready to achieve a February up tick again after achieving improving seasonal figures
IMO
i like that stock informer (that made over £2m profit) in YE to March 2021 only had 17% rev from their US sites and no advertising revenue. GDM should be able to improve the US site ASAP and get some revenues from ads too.
As this was only bought in late Aug 2021 i don't think the 2022 numbers reflect this purchase.
CEO stated daily income ranges from £2k to £15k. If we said £5k on average at 80% margin then that's £4k profit per day.
The 4 months to xmas could therefore generate almost £500k profit, which could make GFIN EBITDA positive at H1.
Yes it does appear we got a little too excited a little too early but there’s certainly no shame in that. We got excited for a reason. As soon as H1 figures emerge we’re going to start to rerate pretty quickly. The growth here has been staggering. 15M monthly users already is a sleeping, monetisable asset that will only grow and grow. The model has already been proven. All we need to do is keep acquiring, building, creating and staying relevant to this colossal audience. The lower the sp goes at this point only makes for a greater opportunity. Load up and sit tight.
sold down ..in order to buy back lower and then sit ready for the January/February Update on progress....
All a bit of game really..
funny i was buying earlier this week - a lot !!
I also bought last week. Anyone see the updates for racinggames.gg & OMG gaming posted on twitter?
User numbers are through the roof. Business is in great shape
and the daily chart looks good as well...what's not to like cheap as chips this one :)
Seems to have stabilized around this level. Should perform well in q1. Content to hold.