Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Started: Mooching, 18 Jun 2024 08:13
Last post: Bebeto, 21 Jun 2024 15:08
Are we having a good day?
Another multi-bag before news could come here in the coming weeks.
She's flying like a bird now!
Don't think there's much stock around. Hold on and there'll be even less.
Market finally waking up to the numbers.
Make that 0.37
Not selling a bean. Many bags to go imo
Is Mr Market finally seeing the light......GLAGH
Started: SuperWoofer, 17 Jun 2024 07:53
Last post: mikey9997, 17 Jun 2024 20:01
It is massive news and agree not fully digested yet. This sort of low capex project does not come along too often. At the right price it shouldn't take much to flog it and reduce dilution on an RTO. Then we really will see some rockets.
Talking of Rolf, agreed, he's no Alan Sugar, but as he said today...
"market still not getting it, fuller picture will be an eye opener!!"
https://x.com/RolfGerri/status/1802710867454132531?t=Glaz1Sh9TwE8bMBe7bisJg&s=19
Fortunate or not, this Uranium policy reversal has landed in our laps and should/could be a game changer.
We were trading at 0.18p last week without this?!
Rolf….. that’s the problem , akways was always will be
Same, another top up for me. Still so so so so cheap!
I bought abit more earlier and will hold out and see what happens with this one
Started: Mooching, 21 May 2024 13:03
Last post: Mooching, 7 Jun 2024 22:17
So looks like the recent (yesterday's) drop was to help someone load up with another 20m+ shares?
Nice.
Tick tock...
Very quiet here considering we're heading towards a RTO. Major holders are silently increasing in the background.
Wow this is flying! Have held along time for this !
Good luck all lth !
Turned blue? Since 2022 priced .22-.27, what have I missed?
Did not. It was an adjustment TR1. There was a TR1 in Dec 2022 quoting 90m shares and 7.2% but although still 90m percentage dropped to 6% after the recent premium raise. For some reason it quoted a percentage raise so you'd think shares added but sadly not
Started: Take_AIM, 6 Jun 2024 11:38
Last post: Take_AIM, 6 Jun 2024 13:53
Current MCAP is less than 2m! An RTO must be much higher!
The ducks are being lined up and there is no hanging about. The date has obviously been set so its all systems go when the RTO is announced. Does anybody have any idea what the mcap could be post deal?
A month earlier than last year. I wonder why that is? They seem in a hurry about something recently. Let's hope RTO related.
Also no circular attached. Unlike last year... Let's see what they announce before the AGM to be voted on. We're set for a busy month.
Started: Take_AIM, 4 Jun 2024 10:25
Last post: Andynic57, 5 Jun 2024 19:07
Solicitors I believe.
Interesting that the new company secretary is at the same address as the new registered office.
From what I've seen this is a vacant office, presumably they're looking for bigger premisses for the new company.
You can sense another big move coming here at some point. Still very under the radar.
Change of address to solicitors... Seems like a big step towards the RTO!
Started: Take_AIM, 2 Jun 2024 20:53
Last post: Take_AIM, 2 Jun 2024 20:53
Edward Peter Spencer now owns 7% of the company. Someone's confident!!
Started: Bazza-2015, 17 May 2024 16:05
Last post: Bazza-2015, 17 May 2024 16:05
Whoever this gentleman is, I suspect this is more than a wild punt.
The speed of the notifications suggests he wants people to know he is accumulating too.
I continue to watch with interest and see if Rolf can deliver any value.
I suggest you read the latest accounts, renumerations has changed significantly, now is linked to the SP... Good news for investors...
I have some copper bottomed saucepans for Rolf also the cash raised is about 12months salary
Looking forward to seeing what its used for!!
Raise at 60% premium, decent. Quite encouraging.
RTO inbound, look at today's Market Cap, then look at what they are chasing, sit back and enjoy the ride
Nice to see Rolf driving the business forward cause he can't find anything to reverse into he must be the most useless bloke in this company time for change .
Snout in the trough
40k is nothing in the scheme of things ..
Rolf needs to get off his ass and put some work in to show where this company is heading .. his deals in the past has not been great and always entangled in court battles .. this is why we are where we are at !!
GLA
He's in the Telegram Group.
I've messaged him. He says he knows nothing...
However, he has previously met up with Rolf and always has been fighting his corner. Really strange timing to suddenly top up. Someone knows something!
Quite a few TGs on LinkedIn in investor areas. I thought he crossed threshold on 8th so should be well up.
Started: SuePud1, 13 May 2024 11:15
Last post: SuePud1, 13 May 2024 11:15
@MetalNRGplc is currently exploring copper and gold projects as part of its strategy to reposition the company. It has shortlisted approximately ten projects, several of which could lead to reverse takeovers. #MNRG is in advanced discussions regarding one copper project. The funds raised will be used for due diligence and advisory expenses in preparation for a potential transaction.
https://twitter.com/Share_Talk/status/1789960515558535556
Started: SuePud1, 8 May 2024 09:53
Last post: SuePud1, 8 May 2024 09:53
MetalNRG is currently exploring copper and gold projects as part of its strategy to reposition the company. It has shortlisted approximately ten projects, several of which could lead to reverse takeovers.
The company is in advanced discussions regarding one copper project. The funds raised will be used for due diligence and advisory expenses in preparation for a potential transaction. https://twitter.com/Share_Talk/status/1788118462939664586
https://twitter.com/RolfGerri/status/1788108648947831023
Started: VisitTimor, 10 Apr 2024 13:13
Last post: Troajan, 10 Apr 2024 13:16
Tick up....nice
Something coming , will it be GOOD, or another Rolf rug pull........... GLALTH's we deserve it 😉😂
another tick up , could see 0.10p soon🤑
Started: VisitTimor, 4 Apr 2024 09:09
Last post: VisitTimor, 10 Apr 2024 12:23
Barclays only giving negotiated NT for any........ looking good at last👍
Come on Rolf , about time you pulled a 🐇out of your backside, its been sitting on your hands long enough..... 😉😅
Troajan
maybe finally whittled that rto target/s down to a deal in progress, would like to think its not the usual p&d to get a placing forward sold down from a high.
Better still the Uranium arbitration settlement , that's big if it happens and would be potentially leaky
Guess they will tell us , in their own sweet time but Golds on the up, a near term production asset, would light a fire under MNRG........... 🔥🔥🔥💥💥💥💥🚀🚀🚀🚀
More than a pulse now, from this low base, a real prospect of a huge bounce.......... GLALTH 🤔
And up she goes
Started: Bassethd, 21 Mar 2024 12:05
Last post: Bassethd, 21 Mar 2024 12:05
Been a steady stream of +500k and upward buys this past week or so.......of course low value due to the supressed SP, but does make me wonder if somebody knows something..........surely something, anything must be happening sometime soon with this company ?
As always the silence from Rolf & Co is deafening !
Rolf's got £373k burning a hole in his pocket. Maybe we'll hear something when he gets back from his skiing trip and needs to spin another yarn for his summer excursions?
Is going on here?
No communication from the BOD.
Will soon drop to zero and delist is my guess.
Pathetic management.
Started: Carmzy, 22 Feb 2024 18:38
Last post: Carmzy, 22 Feb 2024 18:38
No communication for ages and then bam, a scant RNS that talks of reverse takeovers. Dear oh dear this lot haven't got a clue have they. Can't work out myself whether it would be bad or good news, but anything that gets rid of current management would surely be a blessing?
Started: hopingforbags, 2 Feb 2024 19:56
Last post: NoOneKnows, 2 Feb 2024 20:26
Lots of things still up in the air with the IMC case and the possibility more money heading MNRG's way if Britnrg get compensation from its advisors.
The estimated current value of the asset is accordingly in the region of US$ 151 million.
At the time of the ban, MetalNRG held a 9.9% equity interest in the asset; since the ban, MetalNRG has supported IMC with a convertible loan facility for a total of US$ 341,441 to date. The agreement between IMC and MetalNRG provides that repayment of the convertible loan facility is either (i) via a conversion at 3 times the principal amount advanced into equity in IMC, if the project is reinstated; or (ii) repayment of 300% of the principal amount advanced in cash, in the event that IMC receives or reaches a compensatory settlement with the government of Kyrgyzstan.
Either around £1m in IMC Shares or a similar cash amount from settlement. Shares would be nice, IMC will roar and multiply the million, if the asset returned (not the likely outcome) but £1m cash would still be kerching.
Latest entry 22nd January , looks like it's finally gaining traction, or at least the process is, for those that do not know, if settled in IMC favour, its worth millions to MNRG, we can but hope 🙄
Case Details
International Mining Company Invest, Inc. v. Kyrgyz Republic (ICSID Case No. ARB/22/25)
January 22, 2024
The Tribunal issues a decision on production of documents.
https://icsid.worldbank.org/cases/case-database/case-detail?CaseNo=ARB/22/25
Last post: VisitTimor, 2 Feb 2024 17:17
Mooching, fms, not just a jcb, he bought 10 whole sets , him and his billy no mates, off to play with them at Gold Ridge this weekend, expecting a major update Monday 😂
https://www.amazon.co.uk/Diecast-Metal-Engineering-Vehicles-Construction/dp/B07S62GJCY/ref=asc_df_B07S62GJCY/?tag=googshopuk-21&linkCode=df0&hvadid=310775513019&hvpos=&hvnetw=g&hvrand=8633110894505501341&hvpone=&hvptwo=&hvqmt=&hvdev=c&hvdvcmdl=&hvlocint=&hvlocphy=1006864&hvtargid=pla-790542684644&mcid=e61c7371d7fa390dbcae36dbaeccc918&th=1
Britnrg needs reversing into oh I forgot Rolf choose the wrong gear throwing his toys out the cot. lol
Just in case its a decent JCB , the 2m at 0.581 was my top up god help me 🙄
Rolf throws around "shovel ready" like Boris used "oven ready".
(Bit of buying going on today, maybe he's bought a digger?)
Time for him to deliver , one of those promised plans and assets 🙄
Started: Mooching, 18 Jan 2024 18:09
Last post: Mooching, 18 Jan 2024 18:09
Https://youtu.be/iY-WGLgu9Zc?si=CSmAVg4yAUiICQQb
Rather have any planned 'dividend' used to close off some deals or finalise plans around Goldridge etc.
But I suppose it prices the 'gravey train' theory as Rolf would rather have a top up to his disproportionate salary and put more grease on the wheels of said train.
Funnily enough, I was going to post :tumbleweed: today before the interview, and yet still see it as appropriate.
Zzzzzzzz
Started: stevengali, 18 Dec 2023 11:18
Last post: Mooching, 18 Dec 2023 13:21
Unprincipled...obviously
More from the website, particularly Principle 10.
Principle One: Establish a strategy and business model which promote long-term value for shareholders.
Principle Two: Seek to understand and meet shareholder needs and expectations.
Principle Three: Take into account wider stakeholder and social responsibilities and their implications for long-term success.
Principle Four: Embed effective risk management, considering both opportunities and threats, throughout the organisation.
Principle Five: Maintain the board as a well-functioning, balanced team led by the Chairman.
Principle Six: Ensure that between them the directors have the necessary up to date experience, skills and capabilities.
Principle Seven: Evaluate board performance based on clear and relevant objectives, seeking continuous improvement.
Principle Eight: Promote a corporate culture that is based on ethical values and behaviours.
Principle Nine: Maintain governance structures and processes that are fit for purpose and support good decision-making by the Board.
Principle Ten: Communicate how the Company is governed and is performing by maintaining a dialogue with shareholders and other relevant stakeholders.
Started: stevengali, 18 Dec 2023 11:13
Last post: stevengali, 18 Dec 2023 11:13
From the MNRG website
'MetalNRG is driven to build a global natural resources business, delivering industry leading returns and sustainable dividends to shareholders.
The company creates shareholder value through indirect and direct investments targeting outright acquisitions, majority stakes, or minority interests.'
I think they need reporting to the Advertising Standards Authority for a gross misrepresentation of the truth!
Started: Bassethd, 13 Dec 2023 15:43
Last post: Bassethd, 13 Dec 2023 15:43
Hello - is there anybody actually working at MNRG or have they all bu@@ered off early for Xmas.........the radio silence from this lot has been deafening and as usual the only festive gift on offer to the shareholder is yet another year of failings and corporate inadequacy.
Started: Cheapie, 28 Nov 2023 17:00
Last post: Trev123, 5 Dec 2023 17:00
Wish he’d got voted out and Spencer’s had got in, he’s done nothing for shareholders and never will
MNRG gold, maybe in Ralph’s teeth?
The gold price (in dollars) jumping up. Maybe the MNRG strategic review going after gold projects is right!
Gold Price in GBP not so impressive, so it might be just the dollar going down...
Started: Cenzo0208, 25 Nov 2023 22:44
Last post: Cenzo0208, 25 Nov 2023 22:44
Vote for someone else.the time is nearly there. Or would people want to lose all of their money..x
Started: stevengali, 15 Nov 2023 15:48
Last post: NoOneKnows, 23 Nov 2023 13:18
They were talking of a RTO which would save the company doing the takeover a great deal of money rather than doing an IPO, it can also be done in a much shorter time frame. So we just have to wait and see what happens.
What happened with the strategic review that was meant to be completed by end of September.
No real news yet and how are they going to fund any acquisitions that they identify?
Oh and when are they going to to kick out Rolf who has presided over a train wreck of a company this past few years.
Can't believe that he still has a job.