Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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The Company still aims to finalise the composite debt/equity package for Phase 1 during H1 CY2020 with construction commencing later this year."
From todays RNS, today would have been a good day to extend time frame if not confident. But like mentioned will probably take longer.
So within the next 3 months we should have an announcement about our funding - - so took the opportunity to add a few more about 3 weeks ago and bought them at 8.59p (trade never showed), thought I would add a small amount again today and bought them at 8.80p (4500 showing as a sell). Fingers crossed on getting a good return on both at these prices. Mind you I could not get a quote to sell any on both occasions !!
Also picking up a few on jse..
Hey Jantand, hope you (and everyone else here) is safe and well. As ‘our man on the ground in SA’ how do you feel the lockdown is progressing. From what I read things seem to be ok over there and Ramaphosa doing ok in implementing policies to stop the spread. Hopefully after 3-weeks we’ll be ok to start mining again but very aware this could continue a lot longer.
We will have to wait and see boz. Being a 3rd world country we have done well to lock down, however people are still allowed to get transported in minibus taxis and there are some ignorant areas. So the real impact is about to hit us. I do think that the closing of uitkomst wont last longer than 21 days but if it is the case should not have to big an impact on mcz as this company's future now solely relies on funding, construction, and a lot of pleasure once mining commences. Funding is the lotto ticket here and i wonder how this will be achieved in the given timeline with a novel viral pandemic hammering the global economy? Brenda is confident. I dont think anyone has a clue to be honest. Unchartered waters. I bought a few shares on friday again. I do believe dilution is built into the current sp and i still believe we will get over the line and will be very relieved when funding is announced and the yellow machines start to operate at makhado.
Fancy this to tick up in London given where JSE line is trading
Looks like someone wanted out in a hurry on JSE today. Promised a lot with tick up in London this morning
680k shares in SA
910,837 shares was the final volume on JSE. What are we missing?
selling at any price now......jse
Big volumes on jse this week. Sellers at any price/volume and at last some buyers picking these up. Rockbottom sp. Funding is the kicker. Could it be that at last we get some certainty?
Quarterly Update by the end of this month, so within the next 9 trading days.