Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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12p plus to reclaim the ground we lost when Saudi and Russia started their insane price war in the throes of a pandemic (see my previous post). Then on to 20p (approx price at turn of year) as the oil price firms in H2. This is without any material news. Any major news (execution of farmout, OM payout, resolution of PMO's own funding position or possible takeover interest) could see us significantly higher by end of year.
I do agree with the naysayers that historically management has been desperately poor. But we (and I definitely put myself in that category) need to take personal responsibility for our decisions. No one forces us to invest and no one can stop us selling out if we think things aren't going as planned.
Also, it is not rational to use the past as a guide to the future, without qualification and without regard to the current context. Today, one is buying an asset on which hundreds of millions were spent to discover and appraise it, for pennies. This is an oven-ready project in British waters, in a British jurisdiction, (hopefully) supported by a Conservative government with a clear majority (the first time since SL was discovered) in an oil market that will soon be crying out for such opportunities to replenish reserves. You are buying RKH now, not five years ago!
(One thing for newbies, please do not overreach yourself here. Invest wisely, cautiously, affordably. Of course, this is a high-risk stock. If investing in oil companies, mainstay should be RDSB, BP, Total, Exxon, Chevron etc. This is the extra hot sauce on the oily curry).
Best
Happy
I do agree with the naysayers that historically management has been desperately poor.
Is there any reason to think this has changed ,I can`t think of any.
Complaints about management usually include, along with remuneration, them losing control of the project. Odd one that as we are indeed very fortunate that's what has happened.
Fortunately we should have no technical difficulties as it's all just a re-heat of Premier's extremely successful Catcher format, with the same contractors now as well.
Financing is the thing of course. Need to wait for PMOs North Sea deal to be sorted but a lot of the rest is falling into place as long as FIG play ball on royalties to get get the breakeven price down.
Complaints are legitimate, it`s not the handing over control that`s the problem, it`s the manner in which it was done without any safeguard, in the event that PMO would be unable to carry out their obligations and that`s the crux of the matter and as things stand right now they still have not delivered.
Fuddstone, are you in the ex shareholder only look backwards camp?
Listen spymaster like many other on here I`m fed up listening to your diatribe about Russian trolls and shareholders who sold out and lack the b..lls to get back in, utter rubbish day after day , just to clarify I am a shareholder, unfortunately.
You tend to your idiotic theories , you sound more and more like some one who is not in the real world.
I in the meantime will continue to post what I see as the facts of the matter.
I hold some too, the guy is deluded. Pure Narcissism, his view has to be correct and others are spys, because nobody should disagree with him.
I would love to change my outlook on RKH, but I see no reason to coming on the horizon.
So there we have it - ralphski still, as he says, "holds some" and fuddstone is still "a shareholder".
They're both mostly out and of course happy to justify their position with incessant trolling.
Ralphsky and fuddstone are compete busted flushes with no credibility
They're just treating us to a view of an ex shareholders therapy session.
It should be seen for what it is.
Fuddstone, your 'facts of the matter' are just the facts you're.fixated on from years ago and usually some quote relevant factors like errr ... the current share price!
Your posts are just an ex-shareholders' therapy session.
Fuddstone, your 'facts of the matter' are simply the facts you're fixated on from years ago and usually ignore some quite relevant factors like errr ... the current share price!
Your posts are just an ex-shareholders' therapy session.
Another ramble about nothing from our resident board policeman, thanks for once again showing us your paranoia, as if we needed reminding.
I don`t know how many of you remember "Wait till your father gets home" series from the 70`s, Cititizen reminds me of the paranoid next door neighbour called Frank who fortifies his house and sees pinko`s and reds everywhere think I`ll call him Frank from now on .
Totally spaced out nothing else in his life I suppose but this thread, everyone deserted him long time ago I suspect.
The only therapy session needed is YOU with a clinical psychologist.
Wow, these guys think their fixation on matters from years ago and their inability to engage with the world around them in the form of current share prices and current developments means they're the only guys marching in step!
I will leave them to conduct their therapy session with each other.
Meanwhile, back on planet earth, price of oil is still $39-40 awaiting next moves. Russian oil minister Novak says world oil market in shortage for July, we're awaiting PMO progress on N Sea transaction, and FIG will have to decide what to do if they realistically want to be in the oil business. How about some discussion on these subjects.
This board is dead if it is left to focuses on 'facts of the matter' that were old hat five years ago.
It needs to focus on facts THAT matter.
Whatever you say Frank see any pinkos or reds around can`t be too careful you know
"Wow, these guys think their fixation on matters from years ago"
He who ignores history is bound to repeat it
OK Frank
This wont be going ahead with oil at $40 and i see little to be cheerful about in future demand as the world economy has a 5-10 year depression ahead. Also I would think Naff-All-Tas will find it much more difficult to raise any funds now.
History is important to any share, to otherwise is idiotic. How ever lets look at the present, 8p ! Woppy do, 8p. FIG could cut tax to 0% and this still wont go ahead anytime soon.
Ha!
So there we see it, just in case anyone was fooled into thinking these guys were offering comment worth listening to ...
Ralph how dare you post on here you know it upsets Frank, no need for that sort of behaviour
Fuddstone is just another pseudonym of the gang.
So many paranoid people on here ,based on what Henry or are you also Frank , works both way you know.
Not paranoid but I know the games some people play.
Pair of nut jobs
you never answered my question Henry based on what?
Dear Ralph2010
May I please ask you, with the utmost of respect and because you appear to be a rational person, why do you continue to hold and discuss a share that you long ago decided had no reasonable prospect of recovery?
I am genuinely interested to understand and am not trying to make a point or question your judgement in any way.
Thank you
Happy
I left part of a pre SL original holding in, bought a tranche at 92p. I thought SL was too big to be let at the time and kept the faith. At the time I thought that the Oil price crash was temporary (and fake) and thought I would do well eventually from even the 92p buy. RKH had plenty of money in the bank at that time.
But now, the money is blown and my faith from years ago has evaporated. I regret not selling out at the ~45p we reached the other year. Big mistake on my part. Its now too late to sell, might aswel see it through to the end, a faint and maybe illogical glimmer of hope they might pull some funding form some where
Hope that helps !