Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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900-975 coming watch it go!! 10+ today?
should see uas at 850-900, 'creeping' up, more like shooting up!
they mark it down yesterday seeming no reason, then now mark it up for seemingly no reason. really don't have a clue about this one.
not looking bad for this morning though.
do agree with you, i'm 50.50 on it. hence the punt risk i took on it, if it goes up woop! if it goes down, i'll say oops. lol
selling only 6% of his holding nothing drastic imo.
don't know why you keeping repeating that some rem companies don't make money. This one will, i best say imo, from their website: Pingyuan Sanxie Rare Earth Smelting Company Limited, a smelting and separation plant in the Guangdong Province of China with expertise in the extraction and production of REPs. The senior management at the plant has over 20 years' experience in the extraction and separation of REPs. The Group's separation plant has been set up so that it may produce any of the REPs depending on market demand; Billion Full (Huangshan) Mining Services Technology Company Limited, a mining services business providing mining management services, technical support and equipment to rare earth mining companies and factories based in China; Huangshan Quansheng Mineral Products Sales Company Limited, a Rare Earth Product trading company, which in 2011 acquired a business licence on incorporation which enables Quansheng to trade and sell REPs in China. The Company expects to begin trading in the domestic market following Admission. so imo it will be making money just have to wait for a company rns fo the details.
You really want an answer to your question ? The share price was chased up by people who did not do any research and just bought. Not all companies make money out of rare earth. Plus you should know that companies trade on AIM because they can still hold a large portion of their holding. They only float a small portion , that way they can really make money out of their holding. Something which they cannot do on the main market.
seems quiet this morning, hopefully things might pick up when people get out of bed!!
It seems do not understand plain English Such sale has been effected, with the agreement of the Company's Nominated Adviser, Charles Stanley Securities, in order to satisfy exceptional market demand. Following the transaction Mr. Shrago's SIPP is beneficially interested in 328,000 ordinary shares representing 0.54 per cent. of the issued share capital of the Company. Such shareholding remains subject to the lock in provisions, disclosed in the Company's Admission Document, which is available to download from the Company's website www.rareearthsglobal.com. That's exceptional market demand to buy these shares. Bloody shorters crash and burn!
seems it caved in a little after that = i wont get that luck again in at 6 and out at 10
The director deals reads that Shrago bought 20,000 shares at 750p when the RNS says that Shrago SOLD 20,000 shares at 750p This is a mistake he sold and he would sell more if given the chance. He must be blessing the day he came to AIM !
sorry emotions are running on my little punt seeing my buy @916, don't wish any harm or bad luck on anyone, just hoping for a bounce tomorrow, possibly/hopefully
says the one in gkp...how much has that cost you of late?
I pity the ones who got in at 1300p , what a huge loss ! This is a Chinese company, Take care
well he still has 328,000 shares left so only sold 6%ish of his entire holding.
There you go , the director just said "thank you " and sold 20,000 shares at 727p That is why they came on AIM in the first place. He did not stay long !!
nice work rmlvegas luckily its already been taken into account, in terms of the market delayed from yesterday at 13:06 i think?
is this in auction again at the moment or is it just my broker?
well as i said i've dipped my toes in, more of a punt for me than anything else, suppose will just have to wait and see.
This share will make many cry. There are many rare earths companies in China, but not all make money. No one will stop the slide when it starts. Good Luck , you'l need it
well i guess we can only hope it continues up, dipped my toe in just to see what happens gl.
Oh yeah 300p definitely done well !
I am not sure mate. How far up or low it will go is anyones guess