Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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that 5k and dropping deficit, must really sting pi100
surprised you can stand the agony, watching it erode day after day...
now imagine how wbafc feels and indeed other larger holders, it may be relevant, but it still stings! difference is they dont bleat quite as often as you ? #man-up
can go to two pence, for all I care...
wont sell until court case decision, but will simply keep buying
hell, if it gets to two pence, might buy enough to make my vote really count :)
Yes it did, 87 mil cash in bank and debt free as you state...
31st Dec (new years eve) what a day to release info that shows it is 2 mil difference to my thought!
#naughtynova lol
This will just keep falling now 20p by the summer i belive.
Don’t think it has ever said £89m.
Cash position at 31 December 2022 was £87.0m (2021: £101.7m) and the Company remains debt free.
End of January update literally says £87m
with 10 mil payout he can do more or less what he wants when he wants..
personally Id find better things to do than Linked In? #whenisEnoughEnough ?
Last RNS I saw said 89 mil did I miss one? #Idoblinkonoccasion :)
* put = but
£87m in the bank. Why are you deliberately misleading?
I see Graham Mullis is super connected on linkedin and i always wonder where do these guys have the time to be liking and connecting to all these companies on there . Its like this guy does nothing put network on linkedin .... it could well be that its the main network dating site for these directors to have contact with each other....
We need a CEO who can turn this Novacyt into a mid cap company
Yes that was a brave move, knowing the court date is June 2024 and so quite a long way to go, before this could become clear?
In the mean time, with STILL 89 MIL in bank, and potential 18 months of sales development, anything could happen?
Still, I suppose it draws a line under it for him?
For the record, I don't think it was brave. I felt remaining invested is a more brave decision given the behaviour over the last 18 months.
There's little point being bitter about it, it was my decision and mine alone to buy into this company. It turned out to be a bad decision.
You misheard WBA, GM said we're developing in to a big crap company.
Brave decision - good luck and we hope you recoup your losses, painful however it may be.
As giz said, look at the Markets, nothing happens in isolation.
The cash burn shrinks considerably now (all things being equal) because there’s no huge LTIP payments to dole out.
I still think it’s the dispute. The market priced in a heavy loss from it, but as time goes by and the company shows how badly it is run I suspect it is more and more pricing in a negative outcome and gradually bringing down the marcap to reflect that. £39m for a company that will go bust if it loses is actually quite high a valuation.
thanks wbafc
"It’s the dispute causing it."
p100.....i think the dispute got us down to 65p.
this additional drop is imho because there seems to be nothing going on....and we seem rudderless.
HC, fair point but none of us have any clue whether it is 50/50 or better/worse. Given how badly this company is run, it makes you wonder what state the contract was in.
We’re also looking at a circa £15m drop in income this year so that’s another huge hit to the P&L unless we dramatically cut more costs.
It is the lack of communication from the BoD to the shareholders, its almost to little to be normal? Why...
Going to be voting no, to an awful a lot this agm :(
I did, I was one of the 12,000 sells on Friday. I decided it was time to call it a day.
That was a £40,000 loss on this share to me and a lesson learned.
Good luck to those who remain here and hope it turns around. I've lost all faith on the BOD so decided to salvalge what little I had left in this, just in case.
CaptainSwag , good you still here holding like us all ...... good to read your critical analysis