Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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Will be interesting, no idea of the outcome but excited to hopefully find out for the positive
Anyone who purchased around 2 p …..what is the opinion of LTH to how this might come out of suspension …..do we expect the 2 p to be easily achieved ?
Majority seem to think it will spike however no one knows the terms r8/mode will get in the rto to make a better guess
However if I was to guess a number I would say 10p I don't think Jr is going to shaft himself and mates that badly, also think r8/mode will get a bigger share of the pie than expected
It will be interesting to see what their new business model will be. It could be the making of a diamond in the rough. Maybe they would have built solid foundations by summer with the potential of continuing growth.
We will have to wait and see, fingers crossed it works out.
I hope that all LTH get their money back as if they do i can also retire :D
Btc 36k and moving up more, surely another twist to this company restore crypto arm of the business
Hoping they have a large rabbit hidden away, either way think people with averages around this price will do very well
Yes I hope they give shareholders and good deal and I'm optimistic that both technologies will be a market leading open banking app with the crypto modde app all together that would be amazing. And make up for my losses elsewhere over the years trading just need 1 good stock
The timing off bitcoin recovery, uk moving into the crypto space, the lack of uk banks with crypto license (not fast to get ) then i cant see why mode/r8 relative share price wont open up beyond 8p however it always depends on the condition and trade in shares we give away
If bitcoin goes over the 100,000 and looks like its heading in that direction I could see this opening up a lot higher than 10p and quickly gain momentum and go way way higher,all depends on what kind of deal they do.Just hope us share holders get a good result I am hoping all Johnathans buisness associates pile in when this relist
IF bitcoin hit 100,000 doubt it would stay there, it would do what bitcoin always does and crashes so unless it was very lucky and hit it the same day could not see this happening.
Also doubt bitcoin is going to play much of a part regarding the valuation of the new business. I think the crypto licence may get used but no one will get burnt on they hype like they previously did with Mode post the IPO, most investors would like to see if the crypto licence actually generates a profit rather than speculation like it was with Mode/ R8.
I've got a bit of skin in the game so would like to be wrong but think all the positive comments on here are blindely optimistic,
Just curious why are you still holding mode when there was plenty of time to sell out if you don't think its going to go up like the rest of us?
Totally dissagree with you mate it's all about the crypto license and bitcoin being incorporated into the banking system,its here to stay and the future,this could give the advantage over other main line banks in a number of different ways,I also think the bitcoin will smash through 100,000 and could even go higher.Everything is heading that way fintech digitization bitcoin Sme my self beleive this will relist at 10p plus and continue rising anyone who is already on board will do well here
Agree with your BTC pricing FC demolition. It is the future, I can see a coin hitting $1m in the long term. Still risky but as Cathy Wood said, $200 a month for the next few years could be one of the best saving investments one could make. Yes she is controversial but her money talks.
IrnHaggis, still holding because it was a great share to trade. I'm up about 300% through buying low and selling high, also though there was a chance someone would pay between £5m and £10m for the crypto licence. The Redwood Bank deal may see the investment drop rather than go up,
Everyone on here says JR won't do over himself, mates and other shareholders of Mode, but that means a worse deal for the shareholders of Redwood. Pretty sure him and his mates are major shareholders of Redwood. The better the deal for Redwood the worse the deal for Mode.
Demolition123, if you were correct bitcoin would always travel upwards in a straight line and never drop, this obviously isn't the case. Even if it hits 100,000 today it could drop to 25,000 by July. Agree with Lionswood one day bitcoin will be £1m but that might be 5 years away or 500 years away.
If an announcement comes out before the deal is done saying the licence is being utilised your predictions could come true but would need no dilution to existing shares which is unlikely. At the moment there is nothing that says the licence will be used, they are more likely to try and sell it to strengthen their balance sheet, that's what I'd expect from a bank.
I understand that but why would you still be holding ? did you not see the RTO happening / suspension, most i know did and held going into it as that was expected to be what would be classed as a "result" with the general expectation of some sort of profit at the end, whether thats 50% -500% all could be likely and as you say -50% could be also depending on the terms but going by the info and history we have , JR retweeting a post saying he was classed as a genius for previous spectacular rise and hoped for the same in r8/mode why would he retweet such if he was going to shaft everyone?
just don't know why your holding if your only looking to trade the share? surely you should have sold prior to the much expected suspension?
Crober23, because trading it was very profitable. I turned £3k into £11k which dropped to £9k and it is now sat waiting for the suspension to be lifted. If the £11k increased it would have been sold and bought back at a cheaper price.
I hope peoples optimism is correct but I can't see any major benefit after dilution. Hopefully I'm proved wrong.
So the 9k ish worth shares you have in mode/r8 are you planning on selling upon opening and your expecting to lose money also ?
Certainly not selling mine on open unless they open at 25p plus then I will only sell half and let the other half run mine is a long term investment,Excited but the wait is frustrating hopefully Johnathan let's us no what the future plans our soon
Croper33, unless the £9k hit £3k so circa 66% drop I'd not be at a loss.
A lot can happen between now and July once dilution amounts are confirmed and once the intention of the disposal or use of the crypto licence is announced.
I'll get a feel of which direction it is travelling when reinstated. I like to ride my winners and if it's not a winner get rid before the rot sets in.
Demolition123 for 25p to happen it's going to need a market cap of £500m+ on a good day the crypto licence is worth a max of £50m as that is what Mode spent getting it (including costs of setting up app's, websites etc) so probably half that.
After dilution I can see this opening and peaking at about 4p and then crashing to about 1.5p after. If they develop a crypto arm of the bank some may naively invest and push the price up longer term if the market conditions for crypto are favourable.
People seem to think there is a market place for a crypto bank, but why wouldn't people go with a name they can trust like PayPal or Coinbase which exists already. What would R8/ Redwoods USP be to draw people away from household names doing the same thing?
The whole concept of mode was flawed as affiliate cashback websites like topcashback and quidco already existed with massive amounts of partners in place. If people wanted cashback in bitcoin they could have just cashed the money out and deposited with paypal or coinbase. Just like the concept of mode being flawed the concept of there being a requirement for a bank with a crypto division is flawed.
I actually thought the best thing Mode could have done before they waste all their money was do a rights issue and try to buy Top Online Partners Group and tag the bitcoin function onto what would have been their competition.
Either way a 5/6months wait is going to be painful, i have around 15k tied up here average is below SP but wanting a decent return to cover past dealings ...