Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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When will this never ending supply of stock cease? Plenty of demand but someone is hell bent on keeping the stock down. Hey ho, only time will tell.
Lottie123 In relation to your 10.07 post there are 94m shares in issue. Almost half are held by significant shareholders. I am not sure of the percentage held by PIs or IIs. But the daily trading average is less than a million. So there is scope for this to go on indefinitely. I suspect it would take a couple of large contracts in quick succession to get the share price moving.
I consider the possibility of the acrimonious fallout with Gresham House. They sold down their shares because they could not persuade the Board to change its structure such that its corporate governance was befitting a company with the profile it has built. GH held about 5% and I wonder if someone is shorting the shares as it would not take much to suppress the price.
I do think there is a growing realisation that we now need a "functioning" Chairman with experience working with the City institutions as more cash will be needed; secondly that we also need an NED with teeth. It will happen as otherwise INFA cannot succeed as you can't win against the money 'men"
With all the infrastructure spend in the "pipeline" I see us as a potential takeover target at this price. Would need to be a bold investor but the likes of Saipem who already own yards is one candidate. I'm sure there are others. I think a lot of shareholders are losing faith in the idea of this being a multi-bagger but there could still be significant upside for the patient ; just wish that the Minister would get on and award the ML as its only a bit of over salty seawater for a few years for goodness sake!
I can't see us being taken over until we have a decent order book, Agree with statement regarding Chairman (and have for a while), not bought any shares and not contributing anything "Material". With lockdown now virtually gone we should see a significant ramp up in orders if not something will have to change at the top.
Nobby31. I agree with your thought on a major short in the stock. If I was that short, I would pressure the stock below 30p ahead of this Friday decision (placing) deadline. If enough shareholded shun the issue, it would help the short cause and put the company in an awkward position. I have taken up my allocation and applied for more.
Tango1. My thought is that the new acquirer would come with their own order book. They would then have control over this rather key element of their supply chain at an incredibly low price (given they will be fabricating hundreds of millions of pounds). Also they can still win other 3rd party contracts from “the pipeline”
Nobby31, fair point.
I have taken my entitlement lucky really as my deadline was today (apparently).
I just cant see anyone coming in and buying what is in essence 3 recently bankrupt shipyards.
Only reason you'd do that is if you had a load of other peoples money to gamble with.
Tonyh maybe you think a bit more in-depth, afterall INFA bought those "bankrupt shipyards". Did you not notice the reason H&W went into administration in the first place is because it was owned and mismanaged by some kind of oil company that were only interested in how they could use it to help their ventures? They weren't interested in carrying on a fabrication or engineering business.
Thankfully JW and team with came in and saved it, and now have generated INFA's maiden revenues with it, and expect cash break-even by the end of this year.
Read that again for those of you doom and gloom types. We could break even this year
Anything can happen, I hope INFA do break even this year, but I hope even more I break even sooner rather than later. Lots to aim for if the BOD are up to the job.
I wouldn’t suggest it’s been saved quite yet but it certainly has had a reprieve which will be most welcome for the workforce and local businesses. It’s building towards being sustainable however that will require £42 million turnover in future years based upon current assets. The phase 2 Saipem award is fairly crucial to this.
I’d hope they are able to announce a couple of £5/6 million awards in the next 2-3 months; as they just put an RNS out for a £1.6 million contract then I hope we have set a precedent for anything at that level and above; in which case if we don’t hear much it’s because we are still only able to win the smaller ones which whilst a help won’t keep us afloat
I decided to exercise a degree of caution and so took up half of my allocation. In the case of Hargreaves Lansdowne and iii decisions are required by close of play today. My hope is, at some point, be able to recover my investment back here with at best a modest return.
My response to an out-there comment that a company is going to come along buy 3 recently bankrupt shipyards is accurate. When i typed that comment i though about the ridiculous comment i was responding to.
Personally im just holding on to see if ML gets the go-ahead, which will see a spike in the share price then, after over 3 years in this company i am out.
I do think this company will be some sort of success, as the Tory party have to chuck some bones to the former industrial heartlands, but i think my money will be better placed elsewhere if/when its recouped.