Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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Well considering all the news from the government this week and last I am surprised the SP is drifting down, But I suppose with no contracts of any material value and 4 yards to support maybe people are wandering what is going to pay for them??
But we are into the last week of QTR1 and as I thought the dithering from DAERA continues but hopefully they can / will form an opinion to the minister before the end of next week. Getting a bit bored now!
Tango1 In relation to your 12.36 post surely we need the decision from the Minister and not a recommendation to the Minister as it is possible that the Minister can come to a different view from the officials.
stokey12- That would be nice but first things first, either way I fully expect an update from JW, I keep refreshing my screen (for the last 12 months) thinking the INFA RNS tab is broken :-)
I see on Bloomberg today that we are going to drill for oil and gas in the North sea again, got to store that gas somewhere..
Speedy- I think the only reason it is going to Poots is the impact of the decision, regarding jobs and security of supply if DAERA said NO he may overturn that. AIMHO
Speedy_Gonzalez In relation to your 13.42 the Minister would normally follow the advice of his officials but does have the legal power to override if he has clear reasons for doing so.
Edwin Poots is a Creationist' who are a small group of people who believe that nothing on this Earth is older than 6000 years. With beliefs like this is he capable of making any rational decisions? Best left to DAERA officials.
I know JW is not concerned of the day to day SP, But I hope he is looking on a month by month - Quatre by Quatre or even Year by Year basis next time bonuses are being tabled... and see the shareholders need to start seeing a return!
Speedy agree indeed it would make a mockery of the whole process,am sure the MOD would want them contracts signed up to not only get shipbuilding going but to have a world class naval fleet up and running as quick as possible ,imho we will here something on both fronts soon ,noted that they are going to drill for oil/gas in north sea another plus for manufacturing at ports /docks around the country I think