Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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Anyone know why it has took off today? Has someone got some good news about the upcoming production figures early? RSN due? GLA
Yes some very nice movement just now - it will be getting day traded but long term there is still a good deal of mileage in the SP - with what we know or think we know !
Looks like a sell, SP's held up well on the back of it though
Be a good time to release some positive results to coincide with some bullish Gold Price articles over the weekend perhaps??
Hi Blad, things seem to be looking up in anticipation of the results. i hope we have managed to increase production somewhere near to the forecast and if we can also throw in a decrease in the cost per oz we will surely see a nice increase? Good luck with it!
TY, do you think we have hit the bottom yesterday? Todays rise was a nice change, if the news is good next week this will rocket but I don't think it will be good TBH, the next quarter is where I am pinning my hopes. GLA
so posibly NEXT WEEK! sorry about that confusing reply i've just read it back!
i read it could be as early as the 23rd but no later than 28 days after monthe end, so posibly? there are some oposing opinions on iii website bb regarding the output........ lets hope these new parteners have worked some magic!
Any one know when the progress report is due this month? Which day? GLA
Yes I am thinking of getting some but wanted to see what production figures are talked about. They seem to have manpower problems and their costs to produce an ounce seem to have gone through the roof. Also haunt seen any directors buying yet
t1ps holding is currently 4.10%,ngl due to make an announcement towards the end of january on progress,decided to have a punt on these after abit of research so hoping for progress this year.
I couldn't see ngl listed as a holding but prepared to be corrected. Aren't ngl supposed to be issuing an update on their progress about now?
They have increased their holding. A quick look at the Holdings RNS on Dec the 20th shows they increased their holding from just over 12m to well over 14m giving the T1ps fund a 4.1% holding in NGL
A quick look at t1 ps small gold fund seems to show they have reduced their holding in ngl
The large sell did not make the price plummet and for all we know it could be one of the people who paid 5p in the big share issue. Remember too that even though it was a sell someone liked them enough to buy 8milllion too! The guy on T1ps is buying these with a lower target of 28p if gold is the price it is now and 47p if gold goes up to the 2k mark. I am in here for the medium term, at least 1 year ATM is my plan. I really like the fact that the new director used to run the show before, (profitably) and has within days of his arrival closed OK mine to move labour of which they are short to better places, he is not messing about, could turn this around PDQ IMHO. GLA.
was thinking of taking a gamble on this one untill i see the 8 million sale go through,doesn`t look good !!!!!
now 5.35 - 5.50
apologies - I have not check for splits/ consolidation and share issuances.
I don't waste too much time thinking about charts on small caps, and thinly traded stock. It has very little value except if anything support and resistances which can very easily be broken. I would look at the weekly chart for peak and troughs - price action may stall there. News is what drives stocks like these. Noted 2008 low was around 1p last years high 83p. Wow that is a large price movement.
Any chartists had a look at these and if so what are your thoughts or do you think they are too news driven ATM to make charts irrelevant? Any long term holders still here? Do you see these coming back? I tend to think that they will over the next couple of months especially if the numbers are OK in the January? statement. On other BBs I have seen some hostility toward the MD, apart from the obvious what is peoples problem there?
by a factor of 5 to 2 - so I expect these will go higher today
We have interest from third parties regarding a management contract and discussions are on-going. The fact that we have been approached by a group that understands the ore bodies should provide increased confidence of Norseman Gold's potential." - and I say that is looking very positive - in my opinion
so hopefully off the bottom - and rising