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What Lewis says, is absolutely correct . The as-built cost of the project, plus the declared assets equals 60+p. When the equity piece is done PRE, portion of this will be 60+% of 60+p, or in the region of 40+p. But this didn't take in to consideration phase 2 or Saltend, or any future cash flows from profit. And assumes break even only with opex and sustaining CAPEX covered only. The market currently has severe doubts regarding financeabilty, the Angolans are only putting the equity piece in if the ABSA loan and convertible note are done. Ie the project is proved to be financeable. If this does get done on the timeline mentioned for the current strategy, they have got a bargain, we'll see where the SP will go, but the finance risk aspect should be greatly reduced
Me too Lewis.
But like others you don't explain why you are posting here on a daily basis. You area relentless promoter of Rainbow.
What is it about PRE's progress that troubles you so much?
You sound like PA.
The project is valued at 60p+. PRE have a stake in that project if it gets financed. Currently 19p says there is still uncertainty on timline.
If close, volume would be up (leaky ship) and the sp would be in 30s+
Very interested how this plays out.
Lewis the share price matters for companies like Rainbow and Mkango which is why you see their CEO's constantly pumping the stock to retail investors.
PRE is being financed by M&G, FSDEA, ABSA et al and they don't care what the share price is.
I don’t think you can base anything on such limited volume -
Yet the SP continues to drop. Doesn't indicate that finance is as close as suggested? Or could be fair value for now at this level?
Could just be tracking REE prices of course as per peers in this space
TGL you have copied the key statements. It really does look like they will finally get a finance deal to build LJ.
The purpose of the visit was to review the early-stage construction activities being funded by the US$15 million bridging loan from FSDEA, ahead of conclusion of the main financing.
The Chairman of the Board, Armando Manuel, highlighted the importance of the Longonjo project in the FSDEA investment portfolio. The Chairman was keen to understand where FSDEA can assist in the roll-out of the next phase of key activities on site.
Armando Manuel, Chairman of the FSDEA Board commented: “We are delighted to see the excellent progress being achieved on site at Longonjo, which is an important project for us. FSDEA has financed the acceleration of construction activities to ensure that the project maintains momentum whilst we work with the lender consortium to conclude the main finance.”
Each stealthy F-35 strike fighter requires 920 pounds of rare-earth material, according to DOD. Each Arleigh Burke DDG-51 destroyer requires 5,200 pounds. An SSN-774 Virginia-class submarine needs 9,200 pounds.
SP it’s tiring and unproductive, what’s the point. I also feel the same about your posts on the PRE. Can We ALL grow up
I do not recall ever having a portfolio share with the monthly oversold stochastics on absolutely nothing.
>>Good luck with finding anyone to sue. its been up on here once, and twice on RBW board, and you have JUST read it.
You aware your isp and this site record everything and make sure it can be traced back to you?
No I often don't read some of the obvious rants
Your distortion is a lie.
SmartPunter if you keep posting on this board there is plenty more to come from me!
(btw Libellous means a piece of writing that contains bad and false statements about a person. The information i have posted on Chairman Zero is from RBW's announcements.)
Its grim reading the more you dig into RBW, its promoters and its phantasy technology.
(i will in future spare the readers on this board and post exclusive on the RBW board...)
AS1971, you speak absolutely the truth. At this stage it is totally binary.
I have never read so much utter rubbish in my life as the content on this forum, almost exclusively from the regulars. You all need to get some real life hobbies/interests other than this stock that has 2 possible roads. Obtain financing and move forward or not obtain financing and its over. Many of you also seriously over rate your importance to the world in believing that your comments here actually impact the share price! Please spare me. Over and out for good.
Good luck with finding anyone to sue. its been up on here once, and twice on RBW board, and you have JUST read it. give me a break.
Just read that post. It's liablous. AS a matter of record the chairman has not changed beneficial ownership his shares and its recorded on the stock exchange, RBW documentation etc.
Lessee, please replace Will with I, you sure as hell aren't doing it on my behalf
As SmartPunter continues to post on the PRE site as promised we will elaborate on the reasons why we think RBW is a screaming short and going to Zero.
1. Chairman Zero. Shareholders in each of Petra Diamonds, Chariot oil and gas and the unlisted Alufer have been wiped out - but not Chairman Zero.
In December 2019 Chairman Pouroulis resigned from the Board of Petra and sold his 12 million shares for $40 million (?) - shortly before the stock tanked and the rest of the shareholders were wiped out!
Chairman Zero is currently transferring his shareholding out of RBW and the question is what does he know and why is he selling?
Will be interesting to see his next move. Will Sanlan disclose the sale of his shares? When will he resign? What has Berenberg said about his track record?
Awaiting SmartPunter's next post on the PRE Board for our next instalment...
Apparently January is the latest date for financing to be concluded.
China old boy, I have to give it to you, you never cease to entertain me! I had a pleasant lunch at the OBH Cottesloe and believe this I have rustled up a few more dollars and am off to King Island tomorrow. Given that you know everything can you tell me what you think the capital costs of Longonjo are going to be? Do you buy the $200m figure? And when do you think finance will be finalised? The sp seems to be telling us that just isn't going to happen.
Thanks Sundrum