Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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So if Peel Hunt have a TP of 30p..
That suggests a worst case significant equity raise.. (refer to Wasaruuner previous post)
BUT 100% uplift from here..
Anyone seen anything RE Peel Hunt Note??
Might want to look at mallee resources on asx;
https://malleeresources.com.au/investors/announcements/
Gives an idea of where broker target likely comes from. They had a 'funding gap' and couldn't get shareholders to agree to an equity raise. Now it's in administration pending a sale.....
Headder-you are always very negative (I wonder why) and notice that I have filtered you on the other board for constant negativity.
Can you explain to us other than the fact that a company somewhere had a funding gap and subsequently went into administration,what comparisons you would draw between them and Horizonte in terms of the likely outcome here ?
Thanks
Rumours getting around - buyout to be announced 100p on the table..
Interesting day
Do you know who is the buyer?
Me is the buyer - if u can spot it you trade
@infinity888, can you point to anything as the source of these rumours? Or should we just assume you’ve made them up yourself?
@ strow; unlike others, I actually post links for verification! The similarities are, theres a funding gap and like with mallee the proposed way forward might not be pleasing to existing shareholders. Unlike mallee though, hzm does have line 2 as a bargaining chip!
No, just from another investor the buyout rumour. Added more shares today. Finger X, time make sense. Will see to get some more now
Merger Monday
Merger Monday refers to the practice by companies of announcing major mergers and acquisitions on a Monday.
Hope this is also now our case.