Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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Well,
RPG has just crossed into single digit million GBP (9.9mill GBP). the lowest it has ever been. Down another 4.444% today, just like yesterday. (interestingly, yesterdays was due to buys and todays is due to a single sell of 1 lot).
Not much hope here now given any news should have been announced a long time ago. As I wrote before. No reason that the Chinese submission should be held up, but RPG have no money left for continued operation which means where does that actually leave the Chinese approval process since if approved the company wont be around to see it.
How is this going to work ???
Morning bignose. how indeed? results in just over 3 weeks i expect,but hard (impossible if i'm honest) to see any positive news, as if there have been any positive developments they would surely have announced them. we shall see.
I think it is about time I bit the bullet and admitted that this has gone! At 90+% down, there is no way back. A nice little earner, for the last few years, for those ‘in charge’. Pity they didn’t do anything for their money!
Keith
Disappointingly, I’m inclined to agree with you. The only course left is hopefully to sell the product outright which, given the non commitment of any us licensee and lacklustre EU sales, will be very difficult as it certainly says much about what the market thinks about the product and PE in general.
Unfortunately although Dr Mike may be remembered by some as the man behind viagra, he will also be known as the man behind the failed Fortacin. I wonder if PLE shareholders would have fared better if the PLE takeover had not happened ? Seems those that voted against it had crystal balls…..lol
Morning keith. looks like we are all singing pretty much off the same song sheet. doubt there is much chance of anyone seeking to acquire fortacin. does DLI have any value? probably not. still inclined to think mellon may seek to take it private.no doubt we all recall the assertions that the listing alone was worth 40 cents. what a load of nonsense that was.
Morning The.Italian. Not wanting to contradict, but for clarification. The listing was worth 40mill GBP before several dilutions. 40 cents today is, well. A lot lot less than the 40Mill GBP (or was it USD ?....makes no difference still a lot less.). :-)
Fair enough bignose. all water under the bridge as they say. been out in the garden this morning spreading some manure ,which in the circumstances here seems very apposite. not sure what brand it was, but something like "mellon's magic" i think! gla.
"sell the product outright"...might be difficult when rpg don't have anything to sell. as stated multoties ante, no licensable or transferable intellectual property or commercial protection exists anywhere in the world.
past licences have been simple grants of commercial rights to an approved product. recordati is the de facto mah in europe (and owner of the fortacin trademark), and manufacturing know-how, if any, belongs to them and/or their subcontractor. in the increasingly unlikely event of approval in china (submission stimmied by historical cmc issues, a phantom reference product, and perhaps iffy data and cold feet over market potential), fosun would be the domestic mah and own the registration package.
so, what is in the ple lucky bag? an ind and clinical data package kicked into the long grass by the fda nearly 15 years ago, phase ii pilot data which failed to show any difference between treatment and placebo, the *** end of the recordati agreement, oh, and the orient europharma agreement, although hard to expect a royalty when you can't supply product. and of course that well known senstend trademark...
"remarkable bird, the norwegian blue... beautiful plumage!!
What the f**k happened to my capitalisation?