Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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Finally! This market cap (£1.7m or so) is a joke compared NPV of $122m for Paradox.
DS and JB haven't been brought it to continue diluting this into oblivion. They'll have a plan to release value.
Hopefully we see some director buys soon from the two of them... :P
Lots of work been completed for paradox drill, just need funding partner sorted (which DS and JB will be working hard on) and this will rocket imho.
Buy now before the price doubles (or more).
Yes time to sell our houses, cars and worldly possessions.
Lol let's not get carried away. But I'd say it's def worth a "punt" from this level.
Genuine question, if Idiens wasn't at the helm and we knew there were deal makers working out funding for the paradox drill, what market cap would you say is fair? I honestly thinking that at £5m - £8m market cap no one would bat an eyelid and would be a decent start as a speculative market cap. that 300-500% from here! Now I'm def not saying that's what we will see, but I am saying it wouldn't be unreasonable "if" we knew there was a proper route forward for the paradox.
If MI with the help of DS/JB can FINALLY get this right we're at a level which "could" see an explosive move. Punt money only of course, but huge potential reward.
Agreed. Just watch out for a working capital fund raise. I was expecting a £15m MCAP with a JV last Dec. So lots of upside.
And let's not forget that we have copper, uranium, gypsum, helium and oil too. Matt has been a resounding success over his tenure for a last couple of decades when he has delivered stellar returns for the shareholders with nary a thought for his own back pocket. And only a couple of fund raises. Over nearly two decades. And highly profitable.
I get the negativity towards MI, but ROSE has "potentially" turned a new leaf with DS and JB also involved. They haven't been brought in for shiits n giggles!
I stand by my statement. With new leadership, direction and hopefully some substance moving forward, this current market cap is a steal.
Worth a punt.