Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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Warning - if anyone is seeing the same website links that Steve and I mention do not click on them. It looks like ownership of the old domain name has been dropped and since been picked up by someone else and rehashed for their own unknown and possible nefarious purposes. This happens a lot with old domain names across the entire internet so always best to check through your browser if unsure.
Steve - I'll come back with a reply to your post later, just wanted to get that warning out for now.
For clarity I mean the links on broker websites and any reference to flying brands. The IQAI link I provided earlier is legit and is also on previous corporate RNS that they have issued.
For clarity I mean the links on broker websites and any reference to flying brands. The IQAI link I provided earlier is legit and is also on previous corporate RNS that they have issued.
100% concur - thats why I was panicked very late last night because I'm thinking if IQAI were associated in any way at all with that Flyingbrands website spam I'd be selling asap but they are not.
Afternoon
HL update, still no reply but found the location on the account page via the website (not the app). There is a shareholder meeting button on the right hand side. If you have a SIPP, ISA, share account etc you need to vote for each holding via the same page. All very easy once you know where to look. I hope this helps people.
In my opinion it doesn’t matter how you vote so long as the Board know you are checking , aware etc.
I hope it is better weather in Jersey for this making the trip and I would like to say thank you to those who do attend. I honestly believe in the company and technology but the board needs to start taking their fiduciary responsibility to all shareholders seriously. Hopefully people’s votes and attendance will encourage this change.
Thanks
Tyke,
I reported the issue to HL at 11am this morning and I've just checked at 7pm and its still the same Flybrands crap. Initially the person I spoke to did not really grasp the problem so I then had to send screenshots etc so it will be interesting to see if HL can get their act together - we will see.
Do we know who is attending from this board?
Steve
Steve, in reply to your post at 11:55am today (apologies for the length, make a brew first):
On the brokers not knowing/checking what is going on or what is up to date – surprisingly common. Retail brokers are often high volume/low margin businesses and simply don’t invest enough in their platforms to keep on top of all of this. I have sometimes found them giving out completely false and potentially damaging information because they haven’t understood communication from a company.
I mentioned before that they may have hurriedly put together the current voting option and maybe didn’t check the detail first. The flying brands website may be a historic link on their company resource page which wasn’t updated after Oct 2018 when the name was changed * – whoever prepared the voting page wouldn’t know that, but maybe still should have checked it given the name is very different. It may even have been a field that was automatically populated from their database when they created the voting form and so wasn’t spotted at all. On ii, it doesn’t even show the web address in the link, it just shows an internal ii address but then automatically opens a new window with that dodgy flying brands page without warning!
As for me – I have a background in corporate finance management and financial services which gives me a good starting point, although not recently. I’m fairly well versed in company and stock exchange regulations from that, and in market dynamics through frequent research, and these things apply to every company hence me knowing about the AGM resolutions and procedures, which are all fairly standard here (other than the lack of RNS!).
I learned a lot from reading these boards over the years so happy to contribute back where I can hopefully add value, and help answer questions I likely asked myself at some point. This has been on my watch list for ages and I often check posts on here so had a broad idea of everything going on. Hoping my posts are balanced and well received but obviously happy to be challenged if anyone disagrees or needs to correct my (lengthy) musings, we all learn from the discussions that way.
Best wishes
Corry
* I have just had a scan through the RNS history on here and I can’t see anywhere that the company notified the market of the change of website address, so brokers may never have known to change it. Previous RNS often just referred to “the Company’s Corporate website” without stating what that was, until maybe around April 2023 when the new site address started appearing on them.
Hi Corry,
Thanks for the reply - the reason I asked about your background was because you seemed to have a good grasp of the situation but (to me at least) you seems to have just appeared - I did wonder if you were Brett Skelly in disguise lol
So I'm more calm than yesterday after your replies but still wonder if we need to send TB a message that we are fed up being taken for granted and kept in the dark.
For a Director to blatantly abuse his position to drive the share price down to buy back again cheaper shows he has no scruples yet for all his faults he has the potential to drive this forward - whether or not we carried along on his shirt tails remains to be seen.
Steve, I appreciate your caution and yes I did suddenly appear after lurking for a long time so understandable. My grasp of the situation came from measured research of available material and I’m just a PI with absolutely no affinity to the company. Hopefully you can see from my posts that I share the grievances expressed on here around poor communication/admin and also on broker failings (a long term windmill I have often been tilting at).
I have just read over my earlier posts and can see how it may have looked like I was trying to sway opinion on the AGM – absolutely not my intention and I was just trying to be balanced and informative for posters who were perhaps uncertain about some of the terminology and processes. I fully endorse sending whatever messages necessary to company directors when they come up short - another windmill on another hill :(
I noted that the BRH share price was down by > 40% this morning following an RNS about the revaluation of its assets. It would appear that TB commands the same level of respect from BRH investors as is the case here. Leopards and spots spring to mind.
I remain optimistic of an eventual decent return here, although I don't see the point of the IB LinkedIn messages, which attract practically no attention. How long will it take before we receive detailed notification of recent sales, and growth figures?
GLALTIs.
TB has been off his game there and here. Wake up one morning and decide that two of your biggest investments are worth zilch. Not even a 50% reduction. Straight to zilch oh and they need cash.
The hardest thing to believe is that the SP isn’t fractions of a pence…yet! Sure they have other investments but TB has really been on his game there. I mean those are different spots!
I am down to a small position here from 700k shares now. I just get the feeling TB’s house of cards is gonna tumble because he simply hasn’t been doing the basics. Where’s the revs for IB?
Outside of grants and the LA hospitals he hasn’t converted any of that tech momentum into cash. We know that coz he issued another load of basement CLN’s.
We saw a glimmer of hope in the last RNS but the market just isn’t fooled!
Thankfully I recouped my losses by putting what was left into HEX + a lot more.
Seriously thinking about selling out completely but am seduced by that rose tinted optimism that has kept me here for years. That and I genuinely feel psd for the other investors that are stuck with this narcissist!
Trek