Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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All the trades are buys not sells
Very odd trades. Sp up over 10%. Bit of news would be nice and it would fly.
Crafty 2.2 m buy @ .9p on the other exchange.
sphinky
there’s been quite a few big trades hidden in plain sight over the last few weeks.
W£
Yeah seen those , not sure it’s been enough for the likes of SL , my feeling is SL will pick up another couple of % in any placing , there is of course other large holders who would jump at a chance of some cheap shares with the prospect of Blue hat in the next few months .
Sphinxy
someone with financial nouse has been hoovering up imho. SL ? who knows
IF sounded very confident he could raise the cash, probably had discussions before the update.
Re Bluecap, if we get it then FF is on the way to being a billion pound product for whoever owns it when there are 20 million worldwide users. I just hope we are not taken out too quickly.
W$
Agree , could be a new investor which would be a good thing in my opinion , have you spoken to IF then ? And completely agree that the billion £ company could be closer than we think ,it doesn’t take much profit maybe £10 m -£20m which if you believe the “substantial multiples” comment must be very achievable . I also agree that a take out at the moment would be bad for private investors , 7p or 8p would undervalue this company massively .this is of course only in my opinion .
My target is 22p. I am sure it will cross that. Please hold tight till it pass that limit.
sphinxy
spoke to IF - No, but from results......
Considering the success of previous fundraisings and the current performance of the business, the Directors have a reasonable expectation of raising sufficient additional capital to continue in operational existence for the foreseeable future and for this reason they continue to adopt the going concern basis in preparing the Group's and Parent Company's financial statements.
W$
Ca 22p would value the company at very approximately £400 million. To get anywhere near that, analysts would have to calculate a P/E ratio and that can't be done until a company begins to make a profit and shows earnings per share. Even using forward estimates would be tricky unless the company is prepared to estimate future earnings and Provexis have never released any information about potential profitability or plans to achieve that. In any case, this would be subjective and unreliable. I'm not saying that 22p is 100% unlikely but the company will have been taken out long before that and the income needed to justify a market capital of £400 million is a long way off IMO. if you move the decimal point one place to the left at 2.2p, then that is more likely if the Chinese adventure pays off!
History will repeat here, so no need to talk much about it. Wondering why someone is wandering here who does not hold any pxs share. There must be some hidden agenda or just create some controversy by criticizing some well-informed post. Typical attention seeker.
Attack my post and argue against it.
My target is 22p.
PMSL . You'd need the biggest Chinese food / drink maker to put FF in several top sellers , not going to happen.
Cobalt,
I would bite your hand off at 2.2p!!!
Slam
I think most people would!
5p is roughly 100m. Not a lot for the likes of by-health/DSM.
Why would they pay 5p when there is no competition ? who else wants PXS's IP ? Our useless CEO would take a TO at 2p imo.
Are you referring to the invisible man! Ford must be one of the most reclusive CEO's on AIM. He is not pictured anywhere and has never hosted a webcast or arranged a Q & A session as far as I am aware. He only seems to interact with his acolytes.
everhopeful, he could only recommend what to do in a takeover situation but it would be down to a shareholder vote to decide.
As for who would want the IP?
3 possibilities maybe?
Not that I want to see it sold anytime soon.