Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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Going by the posts crofty.....sleepy.lol.
How's everyone's Kenergy levels today?
Fair comments.
I’m always put off by companies that don’t mine and sell anything. Everything hinges on funding and what dilution happens along the way.. . And monetisation can be SO far away... near term (already) financed production are always more appealing .
ID. We've been here before. As Berkley Mineral resources we were sitting on lead, zinc and vanadium piles worth $2 or 3 bn and a valuation of 7 mn. It counts for nothing until you start to harvest it.
id78
yeah,i was only using the ore in the ground as a comparison
obviously,ken's an explorer,so fund raises,will always make the sp,v volitile
I guess another part of the equation is FAR is already a producer, how money has been invested in the mine plant and equipment (although they will need to raise fund to expand production).
But perhaps part of that existing CAPEX is baked into the FAR higher MCAP?…
Nevertheless. Here.
MCAP £3mill…. Resource is more than FAR so more than $2bill..
The one thing is that FAR (apparently) has an ore that is cheaper and easier to process and refine and has 80% profit margin.
Nevertheless… FAR valued 16 times more than KEN and KEN has more ore … hmmmmm. (FAR ore NPV is said to be $2bill+ … KEN MCAP £3mill)…
I’ll add this to my watchlist. Thanks Troajan.
max13,
I think you will find "to(o) many projects going" is common across all CB companies!
CharlieGeorge,
Agreed, especially when they are all part timers (multiple other directorships).
Need a heck of a lot more than blue 2% to get anywhere near break even!
i bought 3k worth at 1.3 . because of low mc of 3m. there got to many projects going. they are burning money quicky. mistake.
My concern on this share is the people involved, you know the said persons i am referring to.
We have right to scientism the way the shareholders were treated in the past on BMR.
I am a shareholder and 99.5% down on an investment I am too embarrassed to admit to!!
Fundraise was actually 3.5 pence
Very good announcement and nearly a year to the day of admission and fundraise when over 3 million pounds raised at 3.25 pence a share so a real cheap entry with no chance of original investors selling at current levels
far as 32 million tons at 0.60% vandium,£48 mill mcap.....says the ceo
https://www.proactiveinvestors.co.uk/companies/news/1013891/ferro-alloy-resources-expecting-an-eventful-year-following-mre-update-1013891.html
i think ken,as a tad more....44 mill tons....similar grade
roast the bod crofty?.....we could end up,with a prison sentance.lol.
Think there's a plan to get more of the KEN team onto a Sunday Roast podcast. Might get more attention at that point.
hell yeah crofty and the backround order,didnt appear.
at least we're up...i doubt we'll see 090 again.
but like est,its quiet on the here,volume wise.
Expect we see some nice PR and a pump for some exit liquidity for EMX.
feels like the mm's have a background,buy order,being filled.
lets see eric
1.20 paid there.....odd,usually we drop after news,not rise
i wonder what's going on,behind those doors
Good move higher of late just small buy 4 me at sub penny
the 450k went to a "business partner" of EMX, but we don't know who!
It could be me but from 26m shares to 4m shares without any explanation seems a bit odd!!
Also, 3.6m to EMX but what about the balance of 450k, where did they go?
News states KEN will issue shares worth £4.4m in relation to it's acquisition.
Bearing in mind the maket cap is £3m, again a bit odd!
Can some one please help me out, I could be barking up the wrong tree but it does look a lot like a dog's breakfast!