Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Hi All, my 1st post but been here for 3years
Had email response from crux today
"I've been told the next couple of weeks is busy for Jeremy so it will be later in the quarter.they will be reaching out with new date,potentially around some fresh news.ive made a note for myself to reach out end of October if I don't here back"
That was exact reply.
Keep up great work all Luke ,wasrunner,djryan
James dean you had any chat with you man in the know?
Hi to Jeff Spain
I won't be posting much but always reading
Good luck all
Paddyboy I hope you're right - I always felt with the crux interview when it got announced that news was likely to have to come beforehand to enable the interview. It is eminently possible that JM thought something would close, booked the interview, then had a setback on timescales on the particular news item he wanted to follow. It makes much much more sense to go on interview post news - I really feel they aren't marketing the company right now, they are closing deals. Go with full fanfare post news.
I'm not an expert in deals of this magnitude by any means but business sense tells me the last 10% of the deal is the tricky bit to negotiate. Establishing the principles is often easy (at the end of the day parties are either interested or not) but the full legals, caveats, safeguards etc which have to be agreed by all parties. It takes time particularly where one component is dependent on the other - debt on equity and vice versa. And until it is done, there is not much you can announce to the market other than 'things are progressing'. GLA
Also all well negotiated business deals go to the wire. Our directors owe us to negotiate every % they can get. Similarly Orion's investors on their side. Doing a duff deal is easy. Doing a good deal takes time. GLA
Looks like the email I had from him last week too:
hi,buddy, hdfgkp neews due s00n, end of Movember
Yeah that email is a load of BS I’m afraid folks. Funny how he talks in the same way Crux do... Maybe they both didn’t go to school and learn how to spell and structure sentences properly haha
All true, but if there isn't an interview with Crux, all is well IMO. Jeremy is busy and we want Jeremy to be busy right now...
I really hope an interview doesn't emerge stating lots of things we already know. Lowest quartile on cost etc. BRING ON THE FINANCING I SAY! GLa
JM is a NED on Erris Resources, who yesterday suspended trading to deal with a purchase. Hoping he is Solely focused on us and not letting other things get in the way.
I like he is getting practice at selling businesses... if he gets it wrong on the first he learns from it and gets a better deal on us!
sorry didn't read it's a purchase. Never mind. He is getting good experience of M&A. We like M&A. GLA
The deal Erris hope to conclude seems to me pretty bold and imaginative, a bit like JM acquiring Vermelho since I have been invested here.
The investors there did not have the slightest inkling this was coming, nor will we if a truly transformative deal is on the way.
Hello folks. I'm curious about whether that "email" from crux in the first post of this thread could possibly be genuine.
I have no reason to doubt the bona fides of the poster (Paddyboy13). I'm dubious about the substance of the post.
I would discount the spelling mistakes etc ... evidently the poster did not copy-and-paste but carelessly transcribed.
But what seems odd is this: "...they will be reaching out with new date,potentially around some fresh news..."
Even though companies obviously do come out with fresh news periodically, I would have thought an outfit like crux would not say what they are quoted as saying, even if it's true.