Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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From Leesadee on Twitter...
I believe the asset purchase agreement to purchase Harland & Wolff was signed last night. Delighted for the workers & the job security this provides
Everyone's friend lisa.....
Let's get fabricating ;)))
Hi All.I'm a First time poster, but I've been following and invested in a small way since the boardroom coup. A lot of investors complain that their " buys are showing as sells". Forgive the nieve question but aren't all buys sells as well? Shouldn't they show as buys and sells? Thanks
https://twitter.com/leesadee_imagee/status/1193076393103503360?s=21
They probably missed the RNS deadline for disclosures but this explains the large sells and depressed share price as obviously quite a few people knew what was going on. Who is going to expose the terms or wait on the RNS?
Speedy, my thoughts exactly.
Amazing if it’s sorted much earlier than the backstop. No way would the NI gov and BDO allow the transaction to go ahead after due diligence if there wasn’t a robust plan in place.
Going to make interesting reading Monday, I would much prefer a 7am RNS than a 430pm RNS as the latter are normally highly negative, With JW's Knowledge of the industry I have no doubt he has something lined up from ex colleagues.
As for Lisadee hopefully she will appreciate the Job security the IM project is going to bring to H&W, I very much doubt she is invested though.
I wonder why the Nomad and MM are so negative on the share price. As this was done on Friday afternoon for a 7am RNS, they must know what is contains. How much dilution will people want to take?
Lisa I assume is conflicted .. has expressed genuine support for securing the H&W jobs, but will need to Square that with INFA remaining viable as a project and not going bust .. and this means Gas Storage .. the flagship project .. onwards and upwards
Personally think, the RNS was not released because there was other information that would need to be released alongside it (joint venture with VITOL- I can only hope) that would put the cat amongst the pigeons! It is reasonable to assume the reason for decline was in fact the signing of the deal alone and those sellers probably not privvy to the other information.
Both main parties of the government are adamant that UK ships are built at UK Yards- I am absolutely certain that if this information was available whilst H&W was in administartion they would have been swallowed up rapid. The future is looking brighter and brighter. AIMHO
Speedy this is good news for the workers. Do not think my comments were overly negative. I just want shareholders to remember that INFA have no money of their own so anytime anything is paid for it usually means a massive dilution on share price for months to come.
Really JR .. not negative .. suggesting the share price is now going to be diluted for months .. lol
JR- The problem is you are comunicating as if curent shareholders do not know what the status of INFA is, Trust me we know exactly where we are and the future potential of the company which is exactly why people invest in the AIM market, Aim market is the planning stage we 100% know the risks and rewards. You do come across very negative wether this is your intention or not it is fact. You will also know raising money to make multiples more makes good business sense you have to see the deal in writing to make an informed decision, we have not had chance to do that yet but we do understand the potential. IMO
Well if contracts are signed that's good business by JW and well before the official backstop date, so congratulations to the bod.
Roll on Monday am for the good news, surely the so should rise on this news and if JW could throw in some contract news for H& W at the same time that would be very good news indeed.
Mr T