Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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Where are you a buyer 7p?
Will the BOD buy a few ?
Market makers appetite for destruction
Best to look in here after 3 days trading.
Was the RNS today released after the market closed?
~5% up today, seems the RNS has finally been noticed a bit
Bought into this company at launch so like you have a loss but not to worry all will be on the plus side in a few years.
Bit suprised to see no upward movement on the share price (yet, anyway) on this news. Is the market just slow to move?
Gulf Marine Services (LSE: GMS), the leading provider of advanced self-propelled self-elevating support vessels serving the offshore oil, gas and renewable energy sectors, is pleased to announce it has been awarded a new contract to support a wind farm project in Europe for an international energy company.
The new contract is for a Large Class SESV with a charter period of eight months (including options). The vessel will proceed directly onto the new charter towards the end of Q3 2018 following the completion of its current long-term contract in the oil and gas sector in the region.
yes catching up with rest of the oil companies,
I don't usually post, mainly because I invest as a hobby and enjoy it despite up and downs and also because I don't usually feel knowledgeable enough to share my opinion. However I have been invested in GMS for a number of years ( yes I'm loss making at the moment)and know the company well as I live relativity close to their offices /marine yard and can physically see how they are doing by counting the number of rigs at quayside at any one time. There is a lot of new offshore activity across the region ( KSA, Qatar and UAE) with a number of large projects coming to tender. GMS is well placed, has the technical capability and rig /barge availability, it is also acknowledged by all the NOC's as being able to work in all 3 countries, not something its competitors can deliver. As of today they have more rigs out working than they have had in the last 24 months. Ok the day rate may be lower than historic, but utilisation is definitely significantly improving. The financial results are sure to improve as the year progresses, I'm definately holding with a view that the price is likely to head back up over the coming months.
things are moving on this one,investec has a buy guidance of 65p,and a new 2year contract in the gulf confirmed,with the oil price at a four year high of $73,all the signs are there to jump in...col
Firmly crossing this one off the list and signing off, good job waited and invested elsewhere.
Some signs of recovery maybe ........ but probably need to wait for some news before putting this one firmly back on the buy list. GLA
See share price still in the doldrums and whilst have no investment here now as moved cash on, hopefully this one will see some improvement in 2018. But for now still think it is a sell and invest elsewhere and look again next year.
Have not looked here for a few weeks but see nothing much has changed share price still relatively static, made the right decision to switch investment into HN|R up 30% since switched. GLA.
Out on business yesterday so only just got around to reading Interim results this morning, as I feared only just holding its head above water and no likely significant improvement until 2018, at least the share price static. IMO time to sell and use the cash for investment elsewhere and probably look at this one again early next year. DYOR & GLA
Whilst given previous reports from the company and some general city viewpoints the Intrim results due out on the 19th are likely to be poor, I guess it all depends on how poor as to exactly how the share price reacts. As I have said before cannot really see this one recovering until 2018.
Looks like the correction after the dramatic fall has now run its course with volumes dropping almost to zero the last few days and share price relatively stable, I think we will need some dramatic news to send it moving strongly in either direction given good news or bad.
there far from being out of the woods yet
Good to see the banking support and amendments to covenants just need to improve performance now and reduce gearing longer term. Hopefully 2018 will prove a better year and the delayed contracts commencing.
Your welcome Badger and DYOR but take a look at Faroe Petroleum,