Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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People attack me but not point I make because point I make does make sense lol
Think some people will be very upset when they see they cannot get share in bookbuild
Think mr Rich say right thing with price & RNS I date this week so think price back 5-6p in few week
Be happy :)
Thanks…I must say I misunderstood some of the RNS. It looks very positive from what I’m reading since my original comments re placing. Hoping this will go much higher in the coming months once projects move forward.
Once retail placing shares are done then this will kick off again, I do expect us to be at 5p in a few weeks time as we get closer to the velociraptor drill and LP landing
Can't see less then 15p here and once heron up we should be looking at more
LP gets granted between 12 to 15p as this starts heron production and matd are In the money, you need to realise what the LP starts off and we then use the money for more wells, if velociraptor comes in too then the sky is limit
6p before LP, or with LP granted?
I'd be hoping the SP would be considerably more than 6p if / when the LP is granted to be honest.
GLA
The placing is the cheapest form of a share issue assuming it’s discounted and not fully underwritten (guaranteed buyers) but ultimately, after broker and other costs, coming trading day, the underlying SP is adjusted on first day dealing. usd 6.5m raised less cost so perhaps SP diluted by 30% already for this. The key question is what will be derived from drilling and profitability to the company and shareholders? If really successful, the sky is the limit but “if” doesn’t guarantee the outcome…. let’s hope it all goes to plan as Mr Buck and the US parent will want pay back for the large commitment. Hoping to see this rise high over the next 3 months…and maybe 6p isn’t unrealistic? Thoughts welcomed…..
Subscribed to 200k let’s see what happens deadline was end of play today for ii and shares should be allocated by 10th
GLA
Thank God I filtered him
then just use one word
WOS - change the bloody record, you've earned your ramping corn!
1 word for whole post MULTIBAGGER :)
Have put different header because this is good subject on 2 important point.
All know mr Mike buck say 20% COS but ALSO say Velocitrapror like Wildcat but better then wild cat cos. Why?
Velocitrapror in PROVEN OIL SYSTEM
This does not guarantee oil and say before LT holder right to put importance on LP and heron oil
BUT what I say is Velocitrapror will attract MANY MANY new investor & what will this do for sp?
Like mr Mike buck say Velocitrapror have do much potential will be life changing for not only company but whole country
In this time think is very very likely will be LP with us so for me to buy with sp so low is no problem & not hard decision
Am very very confidence for sp back to high price before Velocitrapror result even if no LP. If LP by then mu h much higher
I buy share in open market because like mr Mike Buck & Petrovis I know I get bargain
Beautiful day for bargain MATD shares & before boom after Bookbuild close and people see how little share they get ;)
Have my share & am happy :)
Doc83
Why didn’t MB put £25k in in early
December when the shares were 1.8p? They would of been even cheaper for him.
Shows he’s confident on the prospects of PM.
Zellman - I’ll double check on the BT tomorrow but isn’t it something like 23%?
I suspect MB knows the Velociraptor drill is much better than 20% due to previous drilling in Block V, especially with the Snow Leopard results and other related seismic data , but he has to err on the side of caution in an RNS statement. I would guess because of the way he's spoken about it in interviews etc he may think of it as a 1 in 3 or better roll of the dice/
Does anyone know what % of Petro Matad that Petrovis own?
Lol
And if it does come off, the line, you where only supposed to blow the bloody doors off spring's to mind, LOL. GLA
That's what I want to hear lol
Iamrich my personal opinion your expectations are a little low :+)) GLA
The Velociraptor drilling should have been drilled a few years ago but no stress, I have waited a long time for this drill to happen. Never sold a single share even though the Heron debacle continues( but picked up a few along the way) which has been in my opinion the biggest hurdle it was bad enough waiting for the exploitation license. I would like to believe MB has been a little conservative with the estimated %age cos, for me now the anticipation is building so I really hope V1 has a successful outcome. 50x sp would be awesome. This is what I'm here for. GLA
iamrich..... lets hope it's this time lol
I think the chances of finding oil at velociraptor are quite good as they are working around snow leopard last drill and know they have a working petroleum system, so this drill is most likely either find something or even put us at a better chance next time, 1.7 mil to drill so velociraptor 2 will be up and running immediately if there is no show of oil,
Ojay......have to agree with you imo concentrate on getting the LP and lets get production going and make the company self funding. regarding the velociraptor drill i know mb has said 20% cos but i just wonder if he thinks he knows exactly where the oil is and if that's the case and the drill comes in the man wont be a genius in my eyes he'll be a god and i'll be doing most of my praying around the med
Everything on AIM is a gamble