Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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Yesterday's comments were in the main not worthy of comment, so I didn't.
Clean slate today let's see an improvement.
How can you do due diligence if you haven't published your accounts and at such a key time. Not even an advance warning of delay either. The Bidder will revise his offer down or walk away. Forget improved offers this will be lucky to end up with the first. Total shambles.
Riflemans, good point. Do you think the delay was a deliberate attempt to force DK to make a binding bid or even force him to walk away? Surely the end of year statement and financials should have been written up and approved by the BoD last week ready for publication?
Redceo, agreed wrt yesterday's comments. I started to read the afternoon's comments at 8pm but soon stopped.
Oh for the good old days Oli. The occasional falling out but sensible debate.
So presumably the immediate course of events is for most to comprehend that something underhand is afoot. Worryingly it's the board and accountants that "appear" to be driving events.
No doubt in my mind now that my long association with this shareholding will be curtailed in due course.
Oli
Time will tell, but there is one more scenario that you haven't mentioned. At the end of the day iwhen there is a benefit from an action then I always look at who is the benefactor. Unbelievable that at a time like this and under these circumstances the accounts are late.
TheMoneyShark member has been barred.
Great Stuff. They were bothering everyone here on the ids forum.
NO FEAR
About time to. He was a vile odious character trolling everyone for weeks and months
Fantasy Shark banned, surely not!!!!
Anyways.
I can't believe KPMG are anywhere at fault. They've had plenty of time to prepare and check the report, even after Mr K's bid.
I also don't think the BOD are trying to hide anything, secrets always come out. Ask Paula Vanells!!!!!
The only thing that has really changed is the calling of the GE
I don't believe for one minute that the government either Tory or Labour want this to go ahead during the election. Too many of the public still think the PO and RM are one in the same.
We still get folks asking us what time is the 2nd delivery!!!!!
It's a hot potato both parties would rather leave and kick into the long grass IMHO!
Broch you may be right but I would be surprised if KPMG were willing to have their name tarnished for all to see that they cant complete their work on time. Not a great advert for them. Unlikely we will ever get the full reason but all not just coincidence.
I was typing my post at same time as Simx. Re KPMG reputation.
JB, it's a clear mea culpa from KPMG, even stating which part of their process failed.
SP recovering which must be a good sign
Redceo, lets hope it continues to rise
Still no results, very odd
It does indeed continue its rise Sid.
One big difference with this set of reports is that the finished article will be scrutinised by DK and accountants before he decides to part with any cash.
So KPMG will have to be meticulous.
NOFEAR, "TheMoneyShark member has been barred"
How do you get access to this information?
Oli if you look at yesterday posts TMS have all gone so I presume that means he is barred
Hi Oligarch
https://www.lse.co.uk/profiles/oligarch/
It was obvious to me that the lse member account name got barred and deleted once I realised that their posts were missing.
What you need to do is placing their members name like this and hit enter:
https://www.lse.co.uk/profiles/themoneyshark/
NoFear got a nasty belting from TheMoneyShark ex-member
NOFEAR, AirForce, Dowsie, thank you for the updates on TMS (previously known as AngerSharkz). Unfortunately, I suspect that they will be back under another alias.....just like Teslo/Teslon/Teflon......