Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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Incorporated On :- 18 September 2019
https://companycheck.co.uk/company/12213998/WEIRS-DROVE-DEVELOPMENT-LIMITED/companies-house-data
https://companycheck.co.uk/director/926898019/MR-TIMOTHY-JOHN-DOBSON/summary
https://companycheck.co.uk/director/914291177/MR-CHRISTIAN-JAMES-KURT-YATES/companies
IF THIS OPPORTUNITY IS SO FANTASTIC WHY HAS THERE NOT BEEN ANY ADDITIONAL SHARES PURCHASED BY THE BOARD !!
DYOR & GLA
A Company Director, Ewen Ainsworth, has also participated in the placing of 500,000 new ordinary shares and 500,000 warrants. The placing shares and warrants issued to Ewen have been included in the table below, which sets out Ewen Ainsworth's total shareholding and interests.
The deal is good for a number of reasons:
What the new portfolio is looking to do is price arbitrage. So this reduces the capex, the planning risk, the operational risk and the pricing risk of changes in natural gas prices. The batteries will buy electricity from the grid when it is cheap and sell it back when it is expensive. Limejump will do the trading: have a look at them, they are proper outfit.
The plan also reduces the time to get a plant operational once all the parts are in place. The biggest issue is getting a grid connection: you have to have agreed with the network operator on what basis they will connect you, they charge you a fee and when they make an offer is under their control.
If the first plant has all the bits in place by the end of July, I would expect it to be generating revenue in September.
This also gives RGM another source of deals other than the ones it generates itself through its existing pipeline. The one they are trying to do at Southport is bigger and more complex than these deals and consequently is more difficult to get over the line.
DYOR
lo Helpful. Still desperate
Director buy was 1%
Laughable. No confidence. No skin in the game. Always the same with confetti issuing AIM companies
3hrs left for PIs to get out before the weekend.
DYOR
Did not realise Parson has links with Shell, as confirmed by Doc Holiday, very interesting indeed.
Maybe, just maybe, the tide is turning and finally Parsons is starting to have influence.
He may have spoken to them when he was "running" Sound Energy. The rest is history.
JP worked for Shell
"He started his career with the Royal Dutch Shell group in 1994 and spent 12 years with Shell working in Brazil the Dominican Republic, Scandinavia, the Netherlands and London"
The old chestnut that Mr Parsons worked for Shell. People must be desperate to try and pump the share. He used that one at Sound Energy and it worked there. So why not use it again here. At Sound it was a known " fact" that Shell were looking over the fence with jealous eyes ready to "jump in". I think they must be licking their lips at the prospect of the peaky blinder in downtown Southport. Shovels at the ready. A new plug with 3 amp fuse. Might the "tight squeeze" come in handy? Do not worry your pretty little heads that the third cash raise in 6 months has come and gone. Do not worry your pretty little heads that over £1,500,000 has been raised and the share price has fallen from 3p+ to 1p. Do not worry your pretty little heads that a former Shell man expects to be paid a commensurate salary. After all, it is only shareholder money.
Best way to make money on your shares in Rgm is spread betting or Cfd that they go down , make money when sp goes down.
Is that potato face Andrew J Bell still part of Rgm?? He screwed too many investors by selling out of Ggp , he bought at 0.04p and sold way too early. Bell end we used to call him in 2014.
Defo some day trading going on here, buy £10,640.00 worth - 1000,000 shares and pronto sell at sp 1.1p making £360 profit on a joker company.