Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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When someone kindly posted the video recently related to the Nomad, TB and corporate drinks party etc.
The guy there made comments along the lines of the respect and integrity that TB was held in. That was only a few days before suspension, but long after the terrible RNS and then big SP drop oddly....
As a mining engineer, given the huge problems to overcome on Rambler, and the progress he has made to date. That respect still seemed fair to me.
But as a CEO, and especially one ultimately responsible for the health of the company, and being ultimately reportable to its share holders.....??
With this latest RNS. Either there is something going on in the background about to be announced further.... Or Newgen will thank them for the asset to be sold off, or they take compete control, and existing holders will be diluted to death.
I can't quite see what else at the moment.
Either way I am afraid TB and his position will likely be no more.
Let's face it. A new overseer would probably like to keep his mining nouce, fair play....
But NO way in heck will a new majority holder allow him anywhere near the purse strings ever again....!!
Difficult days...
Tb done best job ever his man for job
Cannot pay AP cannot pay loan interest cannot pay loan. C1 and C3 costs through the roof. Missed every production forecast.
Hhhmmmm
"Tb done best job ever his man for job".... Says Moon....
Hard to know what to think of a statement like this with the currently visible situation the company is in...
Being supposedly dyslexic has (as far as I know). No impact of your intelligence and reasoning.
So either you know something everyone else is missing. In which case please communicate it to one of your "crew" better able to communicate it & get them to post it to educate us all....
Or.... continue to talk in riddles and incoherent gibberish, and further reinforce that you are a simple wind up merchant.
A lot of people stand to (and have) lose/lost a lot of money here. You need to be more cognisant of that fact mate. It's not a kids game being played here frankly, despite the way you approach it seemingly.
Strummer he’s never going to reply with anything that makes sense the loon is a moron and wind up merchant