Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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In terms of our lottery ticket, we need a trade sale. A trade sale will put cash in our pockets straight away. If it can’t be sold with “stunning” phase 2 results from flu v and the holy grail for the mosquito yoke well then I don’t know.
It will cost a couple of million to go to Nasdaq and yes e will all get shares, but the first thing that will happen will. Be a raise of 100 million and we will be diluted to fu€k. Then a two year journey when god knows what will happen.
IMHO
GLA
Swap, NASDAQ listing doesn't necessarily mean we don't sell. We could sell to a NASDAQ and London listed SPAC, rather than merge into one. Either way we won't need funding - that will come from the SPAC.
Hi Rudey
I guess I greedily would prefer cash up front!
Any how’s , just the musing of an old man. Hope all is well with you.
I'm fine thanks Swap. You sound okay - just a little frazzled.
Just to expand, CF keeps mentioning merging or selling to a SPAC as the way to get NASDAQ listed. The SPAC would also have to be London listed. I have no doubt he will have spoken to many SPAC investors to test the water, and if I remember rightly he is doing a presentation specifically for them tomorrow.
We would obviously get one share in the NASDAQ company for each ORPH share we hold, but clearly the SPAC funders would also get shares, depending upon whatever deal CF can negotiate.
However, if we sell to the SPAC rather than merge with it, it will be the same as selling to a big pharma company, and we won't have shares in it.
You'd probably double or more that cash Swapleber if you sold on the first day of trading on the Nasdaq. They value things at plus 20PE etc no problem. ORPH would be at least 30p and probably a lot higher right now if we were on the Nasdaq.
Any reversal of the asset prior to a nasdaq listing will likely be listed to preserve shareholder value. On that logic now is the time to be looking at listed "shell companies". Phimedix one of many in that list.
Weathergek unfortunately thats a huge myth, example TILS.