Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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Looking at the price action in the first 15mns I think the market makers are struggling as much as the rest of us to know how to price this and so are probing to see. They marked this down 10% at opening but are gradually pulling it back up. Let us hope that trend continues.
I can't see it staying at these levels long because 18m mcap is ludicrous, but I still wouldn't advise anyone to buy in because of the uncertainty. If we get a solid couple of updates in the next couple of weeks then this should be back in the 20's along as they can sort the funding situation out. Maybe this is the way they fund the ore sorter earlier than planned? Anyway, my 32p buy in seems lightyears away right now but I have no urgent need for the cash, so in my eyes they have about 2 years to sort thier stuff out. Along as we don't go bust in the next couple of months then everything will be fine
If copper goes over 4 then it will not long to catch your break even .we r not going bust ,we r a producing mine with lots loya of copper ,just need some fund to dig it out .be calm
Ftse. Most investors were under the impression that we already had funds to "dig it out", not least as we had been told how good the balance sheet was in mid August. You may be able to gloss over this ignorance/deception, I am less sanguine about it.
Ftse. Most investors were under the impression that we already had funds to "dig it out", not least as we had been told how good the balance sheet was in mid August. You may be able to gloss over this ignorance/deception, I am less sanguine about it.
I agree, we have been screwed over here good and proper. I still hold because after a 75% loss there's not much point selling now. Disgusting quite frankly, the sp has been trashed deliberately or via sheer stupidity neither are good.
& to those saying stay calm, no!! We as shareholders have the right to demand an explanation on this!
Will we ever get to 100m mcap? Crazy to think we won't with all the copper in the ground
Until clarity is provided it is impossible to put any accurate valuation on the company.
I'm gutted Zappyman, I still believe it can come good but they have to get this financing right. The option of a raise IMO is off the table so its either going to have to be an improved loan or perhaps some form take off agreement with a customer.
Time to buy, the stock was well bid 10 minutes ago to 10.28p for 50K,
now 10.35p for the last trade 31K
We will Zapp, after a couple of placements ??
spread 10 v 11p
Paying 10.47p for sells
and full 11p for buys
Chart with comment.... https://uk.advfn.com/p.php?pid=chartscreenshot&u=Cepqa69y%2FaWVXc17PWFIbTkNmpU6O6CIatptRdD50yA%3D
Black swan event means bollingers may follow price rather than other way.
Why does anyone take notice of you if you got a "RUSTY GUN "