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 a 10 year slow car crash not one of my smartest moves!
shambles of a company. Malcy got this one so wrong, they have lost their way totally. levine must dissappear
He goes next year, Argentina there down fall, too much borrowing 4 little return. Live and learn, dog of a share
Even with the bonus of Atome, most people will have significant losses. Personally I don’t like consolidations and don’t feel that doing this will enable me to recoup that loss. Sell or hold, that is the choice! Does anyone think that the future will be better by holding? Hoping that Paraguay may offer a chance, but would prefer that to happen before any consolidation.
I'll keep invested here due to stubbornness, and an unwillingness to sell at such a loss. Fingers crossed for a big strike in Paraguay to turn it all around. 17% chance IIRC. This feels more like playing roulette then investing, but fingers crossed, it might work......
Rebranding, a new name these thing can sometimes really help. 1992 and the Premier League anyone? Opal fruits to Starburst? Maybe a fresh start is exactly what is needed here........
Is there any detail available on the deferred shares? Any value in them?
https://www.investopedia.com/terms/d/deferredshare.asp
Yes, Seems odd that Malcy has been so quiet on this one. Malcy used to be one of those commentators that PL used to have interviews with and get favorable comments from especially re undervaluing of the sp. However, not seen PL interviewed by by Malcy for an age and my gut feeling is PL is distancing himself from the oil and gas side of the company in search of other deals elsewhere. I feel it was very poor of PL to hype Paraguay though so much and yet it only has a 17% chance of success.
Time will tell - things could turn around but as far as I can see nothing major is going to change things - I could be wrong - haven't heard much about Paraguay of late or the Farm out of the gas field in Argentina then there is also Atome - so there might be a few positives that add to value.
Atb,
Northern
Deferred shares:
Had a quick look re article 5 comment but have not been able to find anything specific on this e.g vesting dates - I am out and about for a few days so will take a better look when I get back home. As I see it, it could be worth 5% of your current holding (at time of transfer on 29 Sept @ 6pm) but unsure on the terms of a vesting period. I have emailed the company for additional information.
It will be very interesting re the timing of the release of the first six months for PPC, as these are due before end of this month - will they be announced before the General meeting 29 Sept, on the day or after - if investor want to be involved and potentially benefit from the deferred share opportunity, they they will need to buy and hold shares before 6pm 29 Sept.
I have a feeling there maybe some fireworks (in a good way)during this month and next with news announcements - however, I still think Paraguay drill will be delayed into earl 2023.
Also note from the ATOME RNS today that Nikita Levine has been promoted in the last few days and is now a Director of Atome!
To: 'Director, Business Development' from 'Investor Relations' interesting!