Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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Bluechipz.....exactly, petrovis know what's going on behind the scenes and they are prepared to throw $1 million into the coffers if that isn't a vote of confidence i don't know what is
Given the massive discount my reading is that resolution of the Heron land-use permit is certainly not imminent and may never be granted. This fund raise is all about the risk / reward for the first Velociraptor exploration well. At 2½ p hopefully a good bet.
It is substantial. I don't think / hope they wouldn't be doing that unless they knew this was going to go up.
Jay - they own 21%+ of the company. So if they don't want to be diluted they kind of have no choice.
Petrovis is buying $1mil in shares, 25% of the total amount intended to raise. thats pretty substantial right?
Makes more sense now!
petrovis is buying just 1m shares and mb is buying 1 m shares!
Thornogson - so does it not concern you that the LP looks a distant prospect right now? Otherwise, why not wait to do the raise then, and (to answer jay's question) avoid such dilution?
The fund raise finishes on Friday 10th, and then Monday 13th a little red dot appears at 7am.
Theres a lot of money to be made raising pre-LP, please feel free to correct me if I'm wrong.
Bet the person who bought the 1,000,000 shares at 4.something yesterday feels just a litle bit sick in his mouth now
I think a lot of their plans are predicated on getting Heron on-stream, producing and then selling oil to raise funds.
Without the Land Permit that's just not possible.
This is oil exploration on AIM. There's not shock here I'm afraid.
The point is that MB was clearly communicating to shareholders not to worry about fundraises in the near term. That is not February. He has knowingly or unknowingly misled investors.
well that was a kick in the nuts didn't see that one coming, so we've gone from having 6 mill in the bank and being comfortable to needing another 4 mill in a few months. Perhaps they have sorted the deal out with dqe and realised that they need most of the 6 mill to plough into the development of heron.
now we should enjoy the fall then!
Thornogson - it was actually less than 2 months ago on 6th December!
Just had a quick listen again… go to 30mins. “We have plenty of money for Heron, for Velociraptor 1 and to make a start on 2, and renewables work!”
https://m.youtube.com/watch?v=NO6lIYruWDM
Hamm you should have read your own posts.
He said 'Comfortable.... for now' 3 months ago.
Learn to read the signs that are laid before you.
'.... for now.' Clearly means we'll need money at some point.
He can't afford to wait for the Land Permit, he can't trust what the Mongolian Government tell him, he's duty bound to try to get some drilling activity going this year and that's what he's done.
He's done his job.
No drilling in 2023 and the company might have folded.
I hate to say I told you so (not really)!
Bit sooner & a bit worse than even I expected Go on Dozy - bad mouth me again!
UWOS - MB clearly said in the presentation we were fully funded, that included Velociraptor and the renewable nonsense. He was specifically asked about it at the end and he was banging on about how we have “6 million bucks in the bank” and are all good.
Silly me, I bought the lies. I still hope it comes good but it’s highly concerning there’s still no LP and they felt they couldn’t wait, which tells me they aren’t confident it will be coming anytime soon.
The nonsense you are spouting just gets worse and worse.
Where is Master82 with his equally as nonsense “this’ll be 7/8p next week!”
A Wise (Old) Owl would not be interested in SP profits. So: Who are we dealing with here? If only this guy had a crystal ball and could forsee what the SP will be doing.
WOS defo needs to improve.
wise you didn't answer what I asked?
How low do you think SP will drop tomorrow.
Many thanks
mr Hamm last post tonight so you will be happy ;)
Reason I do not get upset or emotional is because I see OPPORTUNITY
Some people may be upset but I look at JV with Wolfson and how much more money can MÀTD make
I see more license and see how much more money MARD can make
I see company changing Velociraptor 1 &2 and think how much more money company can make
For all this I have been given OPPORTUNITY to buy more share then I could hope before and dilution limited
I know many many people will try to get cheap share in MATD with everything happening
Why would I vebuiset when know price drop will be very very short ;)
Be happy sir & keep cool investor head :)
Tom?
Lol
let us know what you buy tomorrow in advance to see if you mean it!
Mr Dusthater Tom Winnifrethh say COPL will go bust lol but up to you
I will buy more MÀTD first chance & see how quickly SP go back up
Was held down by placing and now nothing hold it down with all news :)