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Last post: ukpearson, 1 May 2014 09:07
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.
What has actually happen to this stock?
Started: ukpearson, 30 Apr 2014 22:49
Last post: ukpearson, 30 Apr 2014 22:49
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
Started: TheNinja, 30 Apr 2014 17:30
Last post: ukpearson, 30 Apr 2014 19:55
Again Why ???
?
Started: 458Ferrari, 30 Apr 2014 17:55
Last post: beatrootjuice, 30 Apr 2014 19:55
Is this a record?????
Absolutely hilarious
Started: LarryWildman, 30 Apr 2014 17:14
Last post: Roobans, 30 Apr 2014 17:17
Looks like this was a disaster.... unlucky those who were in here!
I have ever seen on aim 7,400 % brilliant
Last post: ukpearson, 30 Apr 2014 14:27
200% spread hahaha, 4Q.
With a 100% spread your fcuked
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
Started: serpico1010, 4 Apr 2014 10:29
Last post: serpico1010, 4 Apr 2014 10:29
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?
Started: Babbler2, 2 Apr 2014 09:01
Last post: Babbler2, 2 Apr 2014 09:01
If you can Id sell asap and get some money back. But wtfdik? Some better than nout?
Last post: smudgedan, 2 Apr 2014 08:26
Morning mate. Hope all is well with you. Feel sorry for holders here, but you certainly warned them.
Started: bhargav4000, 12 Feb 2014 12:35
Last post: bhargav4000, 12 Feb 2014 12:35
Anyone have any idea whats gonna be fututre of this??i bough good amount on 0.4310..should i hold??
Started: bongostarjr, 26 Feb 2013 12:00
Last post: bongostarjr, 26 Feb 2013 12:00
is this worth a punt
Started: mulledwine, 25 Sep 2012 08:10
Last post: mulledwine, 25 Sep 2012 08:10
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.
Started: mulledwine, 25 Sep 2012 08:09
Last post: mulledwine, 25 Sep 2012 08:09
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."
Started: mulledwine, 25 Sep 2012 08:09
Last post: mulledwine, 25 Sep 2012 08:09
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.
Started: mulledwine, 25 Sep 2012 08:09
Last post: mulledwine, 25 Sep 2012 08:09
Rare Earths Global, a mining services group, has exercised its option to buy up the remaining 39% of Pingyuan Sanxie Rare Earth Smelting from Grace Coast. In July 2010 the company acquired a 60% share in Sanxie, a rare earth separation and refining business. The stake will be acquired by the issue of four million new shares and a further $10m in cash, paid in three installments by September 15th. The total consideration is around $31.06m. The initial tranche will be funded out of the company's internal resources with the subsequent tranches funded out of negotiated facilities.
Started: mulledwine, 19 Jul 2012 08:42
Last post: mulledwine, 19 Jul 2012 08:42
Simon Ong, Chief Executive Officer of REG, commented: "The acquisition of the remaining 39% of the plant at Sanxie is an important first step in the continued development and expansion of the production capacity of REG. We are pleased to be able to deliver on one of our stated objectives as set out at the time of our Admission to AIM and the Board will continue to pursue its strategy with news to follow on the facility arrangements with Credit Suisse in due course."
Started: mulledwine, 19 Jul 2012 08:42
Last post: mulledwine, 19 Jul 2012 08:42
Accordingly, application has been made for the 4,000,000 new ordinary shares to be admitted to trading on AIM and it is expected that admission will take place on 25 July 2012. The new ordinary shares will rank pari passu with the existing shares of the Company. Following this allotment, the enlarged issued share capital of the Company will increase to 67,587,681 ordinary shares. Following completion of the transaction REG will own 99% of the Sanxie Plant with the remaining 1% held by a local Chinese partner as required under PRC ownership regulations. Mr. Tong will, following completion of the transaction, be beneficially interested in 4,889,507 ordinary shares in REG representing 7.23% of the enlarged issued share capital of the Company.
Started: mulledwine, 19 Jul 2012 08:42
Last post: mulledwine, 19 Jul 2012 08:42
Acquisition of remaining 39% stake in Sanxie Separation Plant 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, is pleased to announce that it has exercised its call option to acquire the remaining 39% of Pingyuan Sanxie Rare Earth Smelting Co Ltd ("Sanxie Plant") from Grace Coast Limited ("Grace Coast") a company wholly owned by Mr. Tong Man Tak. The Sanxie Plant is the rare earth separation and refining business of the Company which was established in 1994 and is principally engaged in the business of separating, refining and producing single rare earth elements, rare earth oxides, rare earth concentrates, rare earth metals and other rare earth products for sale on both the domestic and international markets. In July 2010 the Company acquired a 60% share in the Sanxie Plant and at the time of Admission on AIM in March this year one of its stated objectives was to exercise the option to acquire the outstanding 39% owned by Grace Coast. The 39% of the Sanxie Plant will be acquired by the issue of 4,000,000 new ordinary shares in REG and a further US$10.0 million in cash which shall be paid in three tranches, US$3.0 million up on signing of the agreement, a further US$3.0 million on or before 15 August 2012 and a final tranche of US$4,000,000 on or before 15 September 2012. The total consideration being paid by REG for the 39% of the Sanxie Plant (based on the closing middle market price of an ordinary share in REG on 18 July 2012, being 337.5 pence per share) is approximately US$31.06 million. The initial tranche will be funded out of the Company's internal resources with the subsequent tranches funded out of negotiated facilities. For the year ended 31 December 2011 the profit attributable to the 39% stake of the Sanxie Plant was RMB19,570,000 (US c.$3.07 million). In addition, Grace Coast has agreed to a twelve month lock-in of the 4,000,000 new ordinary shares being issued to them as consideration from the date of completion of the transaction.