Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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I think it's a glitch Radders, the same on a few other shares on my watchlist
The LSE app is suggesting 2 new RNSs today, yet only one .. is one due tomorrow ?
OK ....there are 100's of small private investors here ( a bit like SXX probably ) and no significant II's as far as I know though the Webby Site has not been updated recently .There is huge pent up potentially explosive private demand when positive news finally comes as you say . When it does arrive the charts will not just be blue ...but deep azure blue ..IMHO of course !!
Issuing the RNS seemed to make little sense unless it was pointed at the declaration inherent in it that the Draft Gas Service Agreement would be declared completed on or before 30 September. One can only hope that JW wanted to advise the market that this was the case without making any direct reference to it. That would allow for an orderly SP increase this week,(and it still may happen), rather than the "stellar" increase mentioned by kibuc.
Also it is clear that the majority of the big trades made today were related to administrative share activity,(eg rollovers etc,) rather than to more speculative share trading activity. Let's see what tomorrow brings!
All the old ?!! folks have popped up today with good informative and mainly positive comments. Setanta, my dear friend, says that " it is difficult to understand the rationale for today's RNS."
The answer really is JW's promise and effort to communicate even the boring stuff .IMHO the share price will stay in the doldrums until:
1. We see Junker stepping off the P&O ferry at Larne with his enormous stuffed suitcase,smiling for a change and heading our way.
2. We see final progress on the ML and the consultation progress
3. We see some finality on the Legal documents Equity and Debt negotiations then FID etc.
Investors sometimes have to sell for all sorts of reasons ..there are other attractive beauties elsewhere and those that have bought on forward option contracts find that "time is up" .
In the current climate of Brexit ( accepting that it does not have any direct effect ) the events of SXX in the last 28 days or so and continued vocal opposition,there is no wonder that there are sellers ...but,hey .always remember that the fundamentals of the project remain the same and there has been nothing negative for a while now ....just tedium of waiting for the jigsaw to fit together !! At least this BOD communicates unlike the previous lot !
Ok thanks all. It does make sense if a large proportion of INFA investors are dipping in and out as they have better options and limited capital.
I would like to think that today’s RNS Is a curtain raiser for the big news to come by next Monday. However, I fear that may not be the case.
@Nobby31
Can't speak for anyone else, but the reason I sold some time ago and haven't re-purchased yet is that I can see tremendous short-time upside in precious metals miners (and that's where my money has been for a while), while I'm not expecting anything earth-shaking to happen here in until November at least - a view only reinforced by today's pointless NR. At the moment my plan is to start gradually building my position when I see metals rally petering out. If I still had any shares left, I'd be selling them to further increase my PMs position.
If I'm wrong and there's flurry of SP-moving news in October, then so be it. I'll possibly buy back at a higher price or just file that one under "missed opportunities".
Nobby31. I have felt for quite some time that the Sp was being suppressed. That is apart from the shennanigans of Jan-March 19. It seems very likely that we are now entering a crucial stage in the forward momentum of activities so one would expect to see some frantic buying.
Maybe the removal of pre-Marine Licence award activities from the list of outstanding activities helps with concluding the Gas Storage Agreement negotiations?
I have written earlier asking why any right-minded investor wouldn’t be holding onto their shares right now given the assymetry btw downside and upside ..... and replies came there none. That’s why, along with what happened today to the price, it feels like the SP is being suppressed in some way.
It can only mean that unless the BOD do not deliver like they say they in all these RNS’s the SP will go stellar once the true viability is revealed via the financing in place - but we will soon see !
Difficult to understand the rationale for today's RNS. The items covered are relatively unimportant and the RNS states that the items scheduled for completion in September are still on track. The most important item will be the draft Gas Storage Agreement which will bring forward the Equity and Debt negotiations which are currently at an advanced stage. It will also almost certainly presage the appointment of the new Chairman.
Also difficult to understand why the RNS led to a fall in the SP. There was absolutely nothing negative there and one would have expected a plethora of buys. Hard to understand the reaction.
That’s why I like the last RNS and the detailed milestone plan (albeit some significantly bigger than others), it’s now become fairly binary, tick all these milestones off as per plan and we are cooking by gas !!
So it would seem, more important boxes to be ticked off this week I guess,
So a little something before the weekend?
Remaining September targets on schedule, I like that bit.
Good update although not sure if there is anything in their that wasn't expected.
However good expected news is better than bad unexpected.
Clean update
Some meaty news on the horizon.
Don't upset him Snowie. He might read this bb
If Junker has anything to do with it we'll be lucky with a dodgy rubber cheque.
......bodes well for a Blue Sky weekend and Blue Monday !!
Well, Better volume and a bit higher,Greenday is nearly upon us!
Could go for another leg up
Another nudge up in a moment or two!
It's gone into auction
Hopefully GSA