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.
Rns for what, Wilson?
The market is causing drop.... Nothing else.... 52. 56......... 67.... =.. 20...25........ Money is a virus usa stability.... Cure.....silly banker monkees....
Sure so by that reasoning we are largely below cash value because of the dispute. So leaving everything out besides the dispute we could end up with anything from wipeout to ~ £150m in cash?
So the range of outcomes from here are 100% loss of capital to 4X - if you think there’s more than 50/50 chance of a positive outcome then it’s a no brainer to buy now and just wait for the outcome in 2024- you’ll never get odds like this from the bookies!
I’m thinking to buy back the ones I sold when I last reduced as I don’t need the cash anytime soon.
Wild applause for our board for not seeing fit to put out an Rns reach this morning.
It’s the dispute causing it. The poor business outlook is bound to play a part but the bulk of this is the market assuming we lose the dispute.
wbafc.....sold a bit...but still holding a big chunk.
at such a loss - not worth selling the rest . in my opinion it is just a gamble on gov dispute at the moment.
real shame that a company with cash in bank don't do something to recover the situation like M&A
Why do you ask?
So this debt free company valued at £38m could, tomorrow, buy a £70m company outright in cash and still be fully financed to manage day to day operations.
Certainly never seen anything like this before.
Damage limitation
at what price will Nova start buying up there own shares, with 89 mil in bank?
imo
Makes no sense selling without news - any sells at this price is more likely to be a loss.
Another day, another 52w low
Property scraping the barrel here. Someone liked a post and an employee has a mutual connection.
Means absolutely nothing for us.
Not only that, but the Chairman of Proton DX is a mutual connection (Linkedin) of a senior member of the Novacyt science team.
Thank you EXMEX . Website looks good . Anything to add further revenue and potential mergers is good reason to have hope & hold onto your shares in Novacyt.
https://protondx.com/
The chairman of Proton DX likes the camera work from the other day . It's worth checking out their new relationship with Katalyst diagnostics.
Of course be can’t be sued, these people know how to play the game.
No different to JM talking on camera about £100m+ non M&A revenue. It’s absolute nonsense but be very hard to prove he is deliberately misleading anyone. Although that statement was so far fetched it almost does need investigation. I mean, we’re on £6m of non covid revenue so why not just say £50m or something vaguely realistic?
where is captain swag ? has he sold up ?
There is an interview of Graham Mullis done in September / or October 2020 when he stated Novacyt was developing into a mid cap company and developing into a leading international diagnostic company . It was that interview that got me trapped and to invest huge amounts of my hard cash . Now was he misleading for his benefit ? Can he be sued for lying or misleading investors ?
many investors new to AIM end up having a costly education (I have), RNSs tend to be sugar coated and often play fast and loose with timelines and the "truth", these diagnostic companies are good examples alongside most small oilers. I have learnt to be more financially nimble - buy the rumour sell the fact is a good rule. One company I have come across that seems to be head & shoulders above the rest is Trident Royalties, smart management, very good comms, transparent about investment decisions, imo how an AIM company should conduct itself
There’s no floor to this anymore. A year or two ago there was as there was hope of a post covid future, but results and lack of strategy have completely killed this as an investment case. Unfortunately for many of us it’s a lesson in investing and a wanting to steer clear of corrupt aim and small time, shockingly run companies by ‘executives’ on hundreds of thousands only pounds per year.
John, I have given up trying to understand this company and the sp, fortunately I cashed in most of my holding during the last pump & dump with the intention/hope of buying back in cheaper. However I have not bought back in as this company has nothing going for it other than £90m cash which could disappear in a heartbeat if they lose the DHSC case. If they settle out of court or even win, the sp will soar but this doesnt change the fundamental problems with the way the company is run - PR is ****e, management is ****e, sales are ****e, respect for investors is ****e, what's left? I will buy back in if the sp drops to the low 50s but purely as a trading position.
Interesting , I wonder why now , thx Larry.
Didnt wanted to create a New post just for this, so putting it here.
Ncyt now member of the BIVDA :
https://twitter.com/Larry64450205/status/1634475663443869696?t=hMOgVvSNwu9z4zbytVHA4w&s=19
I sold 80% of my holding 1/2 each at £1.15p and £0.92p, with a view to buying back and adding to average down.
Historically SP has been lower - but 59p looks like the bottom to me until we get news ( June 2024 ? ).
Is it time to buy back averaging down about 40p ( and add to ave down more ) or will the price slip further ?
Genuine question - opinions welcome.