Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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They got caught in the hype. This isn't one for day traders in normal times. Albeit I took some profits on the morning of the news, ready to reinvest
They are selling with losses dragging the SP down. Creating opportunity for long term investors.
Suits me fine.
Tg5
“Now that the Company is well funded, our focus will be on progressing our flagship BAM Gold Project at the Junior Lake Property. The work to be undertaken will include seeking to increase the size of the existing resource and targeting high grade areas of the deposit as well as upgrading inferred resources to indicated. A significant drilling programme is currently expected to commence in July 2024.”
JB, are you on telegram. If so, what is your user name?
Couldn't even read it, just got a notification that there was one.
Finished the week with a hammer candle on the daily Tg5. Very positive.
JB73
Ha no problem.
I may be misunderstanding you, but are you saying that you could read my message, however could not reply. If that was the case, you could just give me a simple yes or no on here. Cheers
I still think the markets still haven’t realised what’s happened here recently.
LGM strategy is seen in dealings with Chilwa Minerals , they initially invested in exploration licenses and eventually sold them after the project reached their requirements. Their investment here and appointment of Alex as CEO suggests a strong commitment to driving the company’s success. Future Funding on proving resources (amid new project) should never be a problem.
This really is a game changer for the company. Continue to add when I can.
Tg5
Thanks Urban Racer and sorry for the sarcasm about the website. Holding here for the last year or two has cost me dearly and it's difficult not to be annoyed given what the company actually does have going for it. I'll add new website to the list of potential positive catalysts to look forward to.
Also apologies for not replying to your message the other day. I've not got a paid account on here at the moment and it seems that you can send people messages they can't receive.
5 p today..
A higher high the day after a meaningful rally day would bode well here.. and more traders might get more involved.. etc..
JB73,
Work on the site for Luso Global has already started.
Expect the same for Landore once AS assumes position.
The RNS yesterday stated this:
……“It will also facilitate the identification and evaluation of potential new project opportunities to augment the group's existing portfolio in due course. “
There seems to me to be little doubt that the strategic intention now will be to build this company in a way not really previously considered.
The statement above indicates that whilst the intention is to develop Bam to either a point of sale, or mine, it is also to look, not only at their current assets away from Junior Lake (Nevada especially perhaps), but also to look to identify new opportunities (I would suspect in Canada and the US) with a view to substantially building our portfolio.
This is absolutely another world now for Landore, and I honestly don’t think the significance of what has happened has yet been understood.
UR
JB73,
Yes it's not really obvious. To be honest I invested in MKA yesterday (no ramp inteneded) and their website isn't great but there are other journalistic linked pieces on the Web.
I will keep digging anyway, thanks for the response.
There are a few others on my watch list that seem to be close to bottom or turnaround just trying to make a final decision.
Joe
I won’t put on here who i think it is, I’d be accused of ramping LOL.
Time for a sweepstake SorB?
I think the best news is yet to come, who are those investors?
Who are these linked to? https://www.scp-rf.com/
Dig around and you may surprise yourself.
Hi Joe. You mean you went on the company's brilliant website and you couldn't quickly understand why you should park your investment capital here?
We all find that very difficult to believe. Old management assure us that the website is brilliant. All the majors the company has been flirting with love it!
Excuse the sarcastic start, but if anybody from new management is reading this.
SORT. THE. WEBSITE. It'll cost a couple of grand.
It has cost millions and millions in market cap as people like Joe turn up, hesitate, don't have a clue what they're looking at , can't quickly get up to speed on the company, then don't become buyers.
It is not supposed to be a comprehensive document library. It is your shop window, your number one marketing tool to attract new investors and explain the proposition. It is failing again today, clearly, as people ask around on here!
Let's hope your form here is as good as it was at Soccer Aid on Sunday night in Stamford Bridge, Joe !
PS: Buy low, Sell high.. you know it makes sense.
Hi all, first time poster here. Looking for some risk/reward stocks and noticed this on the leader boards. Can anyone point me to a good starting point for research?
Reading the recent RNS timeline it feels like this is edging towards turning the corner.
Thanks in advance.
Joe
Market completely wrote this off, this has a new lease of like now. I wouldn’t be surprised of constant positive news flow from here.
Even LTHs being diluted by 50 percent see this as decent news, I’ve never seen or heard of that before.
When I read the RNS I certainly was not depressed......but I never would have dreamt we would be up 50% on the day so far...and top of leader board to boot! AIM does surprise?
GLA
Post tax NPV in their Jan24 presentation is $231m @ $1800 with a 2.25y payback. Ok costs will have inflated but at $2160 gold that adds (pre tax) another $220m to the NPV
It’s a cracking project for a mid tier to pick up - low Capex, easy access surface gold. If they can get 2moz plus in a PFS….sell it on and bank the cash!
It's good to dream big, JB :-)
I don't think that's at all unrealistic NicetoMichu. It might actually be a little bit conservative.
If you look at that project I posted the other day (WIA gold) they touched a market cap of £75m recently with 2moz at 1g/ton in Namibia. That'd be roughly 25p/share here diluted to the new level and I wouldn't be all that surprised to see a 50-100% takeover premium to that. 40-50p/share if things go well? Am I dreaming?
While likely very embarrassed to admit it, there are very longterm holders here who remember this being 400p ..
Sure there's been lots of dilution here since, but nothing remotely like to that extent..so 15p here in 2025 ish is not a stretch target in my mind.. as the market cap here can readily go to a few 10's of millions gbp as we go in thru 24 and into 25 in this gold market
imho & dyor
Lol Happyhaddock, that's not a bad way to put it. Gotta either keep positive or sell out I suppose. I just wish I wasn't so underwater but at least now there is a potential future.