Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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This company is the gift that keeps on giving! Six months in the role.
Also I have to mention this with a smile (what else can we do?) was SquirrelFeather optimistically saying the company wasn't a goner because "The new CFO would hardly want to be associated with a failing company "
Looking ahead, I don't think they're actually going to go under yet. And Mxc have to work out how to get the best out of it for themselves. To start with, stage by stage, there can be little reason to remain listed.
Yeah I'm surprised they haven't delisted before... they've openly said about the cost of being on AIM (which is a lot if you look at the current value of IDE).
That Andy Parker is a tough cookie, but sometimes too busy to check closet enough on his hires. I guess the fact that the CFO had such a lot of jobs on his LI cv flattered to deceive. Or IDE’s revenues flatters to deceive (us). Time will tell.
Death by a thousand cuts
Not good, we are not talking here just "marketing director, or inventory etc director" this is Chief Financial Officer, CFO! Just hope this company survives and makes good business calls... otherwise...
Whatever happens, it will be led by Smith with a foot in both camps, and MXCP where his personal holdings lie along with his founder partner.
Cant be far off checking daily to see if the lights are still on. What a clusterf*** this has been. I actually remember when they changed tack to become a cloud company the shares were i think 10p and this change was going to revolutionise the company. Well it certainly did that !!
I bought in initially at 37p! Then when it kept going down I kept buying more, stupidly, as I thought MXC were more in control than clearly they were at the time.
My last batch was 2.5p which was the fundraiser open to shareholders and I thought well the only way is up!
Whatever happens, with the remaining loan notes in play, it is difficult to see much if anything by way of profit for Pi's. Written off long ago, but not 'worth selling.' You never know for sure - I feel particularly with MXCP.