Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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Snowman, within the AGM presentation I seem to remember a one page schedule with timelines. I should've paid closer attention, but I think we might be looking at sometime between April - July. Perhaps another who attended may have a clearer recollection. Work on site may start earlier. Like others I will be looking to pick up more shares and not intending to sell any.
https://www.share-talk.com/infrastrata-plc-aiminfa-ceo-john-wood-video-interview/
Not long to wait then
Snowman I share your theory, I personally took the middle ground so mid Feb but you are theorising the same as myself. Precisely why I continue to add during the weakness below placing price.
RNS Number : 4899L Infrastrata PLC 27 December 2018
‘A further Project equity funding offer was presented to the Company during the week commencing 17 December 2018. In order to fully assess and evaluate this offer the Board has decided to delay entering into any formal arrangements in Q4 2018, with a view to concluding its review and negotiations early in 2019.’
RNS Number : 9385N Infrastrata PLC 24 January 2019
‘The initial review of the additional funding offer that was received in the week commencing 17 December 2018, as notified in the announcement dated 27 December 2018, has now been completed. Due to the nature of this additional potential equity provider and their indicative terms, InfraStrata has agreed that they will now proceed to the next stage and undertake detailed due diligence work. Specialist advisers have already been appointed by this potential equity provider and work has commenced, which is expected to take around six weeks.’
So from this, the specialist advisors commenced their work sometime between 27th December and 24th January. In which case, six weeks should end sometime between Thursday 7th February (this Thursday) and Thursday 7th March.
This means the equity funding news could be announced anytime between 3 days and 31 days from now.
If the company were very quick off the starting block (and their is no reason to assume they weren’t as megabucks are involved and they are obviously one of the biggest and most pro-active companies out there) and they commenced due diligence work as soon as Infrastrata notified them of their interest in the possible proposal….highly likely….they are certainly not going to hang about twiddling their thumbs….they are going to be firing on all cylinders (i.e. on the 27th December, 10 days after the submission)……then it is imo possible (I’m only saying possible) that we may get the big news as early as this Thursday !
Probably not…but certainly not beyond the realms of possibility…just floating it out there !
Good luck all ?
You're right,of course spud. " The price action is what it is". And quite a few savvy investors have lined their pockets several times over here . No criticism intended there. That's what they're here to do. I hope to join them in the next round. Assuming, of course, there is one!!
It was mentioned at the AGM these were all global players Tidd The price action is what it is imo Still prefer blue days lol
Due diligence was given as a 4-6 week timescale for financing partner discussions and that was to review based on the new deal that was tabled mid December. Bluechip LOI is still in place around the offtake element with a total of 6 parties in discussions from what has been aired by the company, all likely to be bluechip or global players.
Could also be right Twenty-Four.
The AGM presentation was good, but it also gave timescales for the due diligence to be done and awaiting the new partnership arrangements. At the end of 2018 we were given the impression that a new partner would be signed up before the end of the year, then early 2019. Now, I think, it will be a couple of months away. I'm sure a few are offloading and will then come back again later.
Thinking there could be a large buy order going on that requires the mm's to drop the price and gather shares to fill the order
Yep. Difficult to understand. We need to remain patient / true to our beliefs. Most times I just get frustrated and throw in the towel. This time I will not let the heart rule the head.
More strange activity with the INFA sp. Apparently more buys than sells.(even allowing for the AIM classification system ), and the sp is 8% down on a busy day and after a very positive presentation by JW last week. We are not seeing the placing shares being pre sold because the buy price has been below the Placing price almost all day. So perhaps there is a big sell being worked in the background. Or perhaps not! This share frequently has an extraordinary price action. I don't think that is accidental. Or just market driven!!
More buys than sells on aim and a stock like this down!
Topped up myself today.. nice discount to recent placing and all will be beneficial for enablement works and land purchases.
If there is going to be late trades today ,
Unusual the price held beside the seller is strange
looks like selling stopped and decent buys coming in now
*being
339k more in my trading account.
Just wondering if anyone else trades this, as well as been a long term holder
Topped up went nt !
Took another 1.5 million @ 1.1926. Less than the placement price so I’m happy with that. 1.5% of this ship now.
Hoping that following the AGM and successful talks we will find out about the offtake agreement very soon ;-) 2.5p short term!
Think the village idiot has had enough air time. Meetings with financiers and offtakes last week with a site visit to Islandmagee, let’s see what’s in store this week.
Snitch did learn what a NOMAD was this week though.
The issue of share options isn't insider trading!