The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Since listing on AIM in 2012 the Company’s performance has been adversely affected by the introduction of the Chinese White Paper on Rare Earth (the “White Paper”). The White Paper set minimum production targets for separation plants and smelters in China of 2,000 metric tonnes per annum and production targets of 20,000 metric tonnes for mixed rare earth mines. In doing this the Chinese Government was seeking to limit the number of market participants, prevent illegal smuggling and help underpin falling rare earth prices. REG’s rare earth smelting and separation plant has a maximum production capacity of circa 800 tonnes and therefore does not meet these strict criteria.
The principal effect of the Delisting is that cancellation in the trading of the Ordinary Shares on AIM would be to substantially reduce the liquidity and marketability of Shares. In addition, there would be no public stock market in the UK on which Shareholders can trade their Ordinary Shares, and the Company would no longer be required to comply with the AIM Rules. The Company’s CREST facility will be cancelled and, although the Ordinary Shares will remain transferable, they will cease to be transferable through CREST. However, the Company has retained the services of its Registrars, Capita Registrars to facilitate any private transfer of shares. All shareholders shall be issued with share certificates and should they wish to execute a trade they should confirm details with the Registrars by sending details of the trade and their share certificate to Capita Registrars (Guernsey) Limited, Mont Crevelt House, Bulwer Avenue, St Sampson, Guernsey, GY2 4LH, Channel Islands
Again Why ???
Is this a record?????
Absolutely hilarious
?
Looks like this was a disaster.... unlucky those who were in here!
I have ever seen on aim 7,400 % brilliant
200% spread hahaha, 4Q.
Half of a cake is better than no cake.GL.
After going private you will not get a say in how REG is run and it will be expensive to deal.My last experience of going private was Sept 2011 and I have had no word from them since but it looks like they have sold all assets to themselves for a song.I have never got back any investment in any company that went private and I have been investing since 1973.So my advice is to sell now,I do not or have not held shares in REG nor do I intend to.GL
IMO far too risky but then it has risen some 40% in last few days
What a crash, is it time to buy or is it too risky?
From £10 plus to 22p in little over a year? Smells somewhat bad around here
Just noticed date of your post. Not much activity here - a good thing as not many stung?
If you can Id sell asap and get some money back. But wtfdik? Some better than nout?
Morning mate. Hope all is well with you. Feel sorry for holders here, but you certainly warned them.
Anyone have any idea whats gonna be fututre of this??i bough good amount on 0.4310..should i hold??
is this worth a punt
Outlook The rare earth sector, both domestically and internationally, is going through a period of rapid change and development. The White Paper demonstrates the growing importance the Chinese Government places on REO production and the efficient control of its market domestically. This is creating much uncertainty in the short term as market participants position themselves for any new developments. Like most of our competitors REG will have to adapt in the short term but the Board feels that the Company is well positioned to build a solid foundation in the coming months for its long term success. The Board believes that the demand for REO's for new applications will continue to increase and in absolute terms both domestic and international global demand will return to previous levels. Coupled with increasing regulation and control of production both domestically and internationally we believe that the long term outlook for the price of REO's (and more specifically HRE's) is positive.
Post period end highlights ● Acquisition of the remaining 39% Pingyuan Sanxie Rare Earth Smelting Co Ltd ("Sanxie Plant") from Grace Coast Limited in July 2012; * All amounts are in RMB unless otherwise stated Commenting on the results, Simon Ong, CEO of Rare Earths Global Limited, said: "Significant progress has been made in REG during the period under review. We have successfully listed on AIM raising US$10 million in the process, commenced business in our newly formed trading division and acquired the remaining 39% of the Sanxie Plant post the period end. However, the progress of the business has been hampered by a number of factors including a smaller than expected fund raising at the time of the IPO; a softening of Rare Earth Oxide prices; delays in the period of confirmations of production and export quotas from the Chinese Government; and, implications of the first Chinese White Paper on the Rare Earths market. Despite these challenges, the Board believes that REG remains in position to meet market expectations for the full year 2012."
Interim Results Rare Earths Global Limited (AIM: REG), a leading mining services group focused on the extraction, separation, refinement and trading of rare earth elements, oxides and other related products, today announces its unaudited results for the six months ended 30 June 2012. Highlights ● Successful listing on the London Stock Exchange's AIM market in March 2012; ● US$10 million fund raising; ● Commencement of the Group's trading division; ● Memorandum of understanding signed with Fujian Huaming Enterprises (Group) Co. Ltd, a state owned business in the Fujian province, to build and set up a separation factory in the province; ● A non-binding term sheet agreement secured with Credit Suisse AG in June 2012 for up to US$50 million; ● Significant fall in Rare Earth Oxide prices since the beginning of the year, ranging from 11% to 43% depending on the element; ● Revenue RMB 52.8 million (H1 2011: RMB 94.9 million), with revenue for the full year expected to be significantly weighted towards the second half of the year; ● Normalised PBT RMB 0.6 million (H1 2011: RMB 29.2 million) - this excludes IPO costs and non-cash expenses relating to option awards.