Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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Thanks again...I have been extremely lucky to have had the crypto option come along at the right time..I've had to study and learn a new technology,but it has been the most profitable period of my investment life...A lot of luck,riding a bull market,but importantly recognising the market to be in...
I look back at MMX ,and think that I should have known better...there were so many warning signs that I ignored...My gut told me months before that TH had no intention of declaring a dividend...All.the small misfortunes that mounted up..the deal with SjL..the deception that SjL uncovered in his sale to MMX etc etc..I was talking to TH ,and it didnt feel right..Bahh...you live and learn ..Ultimately,I feel I was lucky to.come out intact ,and to live to fight another day...Best wishes Silv Norrab Ken.and all who were on this journey.I will drop an email before the final chapter...
SS - really good to hear your crypto adventures are working out - its not a market for the faint hearted and as you note requires a high degree of diligence! mmx had the hallmarks of a sound and low risk investment but if we look back at the history of how it was run right back to Fred K, Anthony Van C, TH there are lots of warning signals over the years - i just don't think any of us thought there could be such continued mismanagement of such a relatively simple business model! Its not a total disaster either - we got the exit we were looking for but in the rush to do a deal our recent legacy hurt the sale price - but i've seen and been involved in a lot worse over the years. As you say - most have come out ok and have generally moved on. I think the quality of chat on this board is testament to those who contribute - and there have been some serious exchanges as were warranted as certain situations developed - but that's the point about having boards surely - reasoned debate to help inform investment decisions. More recently having the input of a major shareholder and leader in the domains space in SJL was extremely useful - although sometimes hearing the truth about what had occurred was difficult to stomach. Been a pleasure to converse with you - and the other long termers you noted - bakky and hucks included - and more recent investors. Now to find a 10 bagger :-D SB