Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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These muppets are going to say things like 'we are going to do a placing', 'this is going to drop further', Scott hasn't done anything', 'no one will buy Alpala', etc etc.
The more frequent their posts, the more desperate they become. I can see lots of filtered posts and knowing where we are today on our journey, their desperation is increasing.
Mather doesn't need to sell any holdings to fund DGR continuation.
SOLG doesn't need to do a cash raise. We can fund Alpala on our own and without the help of BHP.
Why?
Because we are getting acquired.
This is a hold and wait for the big show to begin.
So covgaz is predicting a 4.9% downside from here, whilst Roxi is predicting a 36% upside. Now I realise both are possible, yet, in the absence of news, find it strange that covgaz is the one being accused of trying to get in at a lower price! If he’d wanted to do that, there’s been plenty of opportunities in the last decade +
Just reality I think, Roxi. The SP is sliding without covgaz providing any influence. Only a total whackjob thinks what is said here influences the share price. What it does do, sadly, is convince some vulnerable newbies to invest based on demonstrable lies from callous twats here. Should those posters do better research? Yes. But let's not victim shame. If you believed bbg, fort, red etc we would have sold 5 times over by now!
Reality is that we'll do a fundraise, it will be brutal (remember how bad 17p seemed?) and these same people will be posting the same nonsense this time next year. Mark my words- I've not been wrong yet.
10p? There is no way is this going to 10p without takeover news. 6's is nailed on though.
Do you need some more shares Covgas?, it could easily go to 10p as 6p,
there more to the upside from here than the downside , imo
seems to be a desire to keep it down here for a little longer from one or two?????, wonder why???? shorts? or trying to gain more shares???
Well , thankfully we got the PFS , it's done wonders for the SP. Will it back into the 6's this week is my question.
Been here for about 5 years myself, traded a few over th eyears, but happy enough with my 8.5p average, come down a little more today, with another 44,792 added,
won't be adding anymore, sat with a decent amount now, just a wait and see now for the next few weeks/months,
the big investors will have to make a choice soon, its a bit like a huge game of poker, who is going to show their hand first???
Only if you’re a newby. There are a lot of us that have been here for well over 10 years.
Sharket
Not really, imo
The rampers obviously don’t want a placing these levels, everyone gets that but today £10m in cgp shares gets them enough cash to carry on when they are burning $2-3m a month is a band aid, which just kicks the can further down the road until a monetisation event occurs which some rampers, on here, have been saying will happen for 5 years.
Why would anyone pay a premium for shares when Solg are in a difficult position no matter what the PR gurus, rampers say etc
The rampers were spouting this bs when the sp was in the teens because Solg were in such a strong position.
The sp is where it is because of the uncertainty and they may not have a choice at these levels.
I get that’s something BBG et al don’t want to face up to……
Looking forward to that coming out over the next couple of weeks, see if it increases Hannans valuation upwards of the 63p
65-70p will be very nice
Tesla, you are being more than a little over zealous here. The company has 157m shares held in a subsidiary that it can place with a strategic investor if there is appetite. This, dependent on the price we raise at, is IMO the likeliest and most sensible source of funds. The company have suggested this is their preferred option on more than one occasion.
Does Red have an update on the spot price for honey? Asking for a friend (Adieu).
I forgot about the bakery and honey producing.
We could do with that 4 mill now.
I know Add …… wasn’t aimed at you but JWB …… off out catch you later
Obviously they’ll need more money soon. The never ending strategic review won’t write itself. We may also need to fund PFS4 soon. And don’t forget the running costs of the coffee shop.
No it isn’t.
The rampers don’t want a placing you have no idea what options there are but post from a highly over leveraged position and don’t want dilution at these levels obviously.
Just because investors don’t want dilution doesn’t mean the company won’t do it.
Clowns 🤡out in force today
Auction
DBW, I was simply referring to the need for cash, not the method of getting our hands on it.
Seriously, that’s your response.
How many RNS does JWB have to cut and paste from the past 6 months, to show the company have continually highlighted they are running out of cash and will need more funds by the end of June 2024….
Perhaps you need to pull your head out of the sand or remove rose tinted specs, or maybe don’t take the rampers words, BBG, DBW, RK1 etc as gospel…..
Hilarious
It’s clear that more money will be needed at some point without a monetisation event , it’s also clear there’s no need to dilute at these levels, CGP shares already on the register, another streaming deal or even an asset sale.
Plenty of alternatives
7.80p has got to go today.
Got to be the best stock on the main market for growth.
Gl all
Another corker from bbg. Him and novice are desperate to mix it with the rampers but their tiny child brains just can't quite manage to give them anything believable to say.
Bbg, I'll make it simple. Solg can't sell cascabel, which they've spent millions de-risking. Do you honestly think there's a queue for porvenir?
I'm not sure why this issue is so controversial because the position is crystal clear.
If there isn't a transaction which releases cash we will need to raise funds. If there is one, we won't. (I'm not referring to funds required for development, but merely working capital. If the team lose their marbles and decide to attempt the production route, it goes without saying we'll need an awful lot of cash)
Just like any junior explorer we have a continuous requirement for cash, as our history so ably demonstrates. Why is this so difficult to understand?
What's today's forecast manchild.
Onwards and upwards.