Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Thanks Eish, but I don't think a bid is causing this..
Mind you, markets are notoriously leaky so it can't be ruled out.
However, I think there are two significant things about today.
1 The market has been consistently illiquid and it was therefore always likely that concerted buying would push the shares up sharply. Market size in SOLG shares is 50,000, but very few trades were better, at or near that level. That is definitely a sign of a shortage of shares in the market.
So the first thing I think is significant is that the price kept goin g up; it closed close to the day's high, 37% higher, DESPITE the fact that some traders will have taken profits and some investors may have cashed out.
That augurs well for the next few dealing days, but especially into January.
Just keep in mind that a risin g share price has to pause to 'refuel' from time to time...
2 Assuming there is no bid in the immediate offing, not only may today's action have made prospective bidders reassess their starting bid, but also the sustained pace at which the SP rose and the certainty that this is still massivbely undervalued, PLUS all the other things that are happening...rising copper and gold prices; the gathering momentum of a Junior Miner Bull market; etc....
Might just kick bidders into action earlier than they would have wished while the SP was steadily and slowly drifting away with nothing apparently happening
So my overall conclusion is that we aint seen nothing yet and despite occasional setbacks in the trajectory, one of these days we will wake up with a big smile on our faces...
Then the only decision left will be when and how much to take our profits...
Good luck all...
Cooper and Gold going strong today as it was the share price
Gold spot $2,077.68 +9.84 (+0.48%)
Cooper $3.9552 +0.0532 (+1.36%)
Just love your comment, Talatum! Ha, ha!
You’ll never see the likes of numbnuts or copper tosspot on strong rise days, they’re too busy sacking their pants that a bud may be coming.
As for talatum. Really? What kind of person aspires to a new skoda or Kia or for that matter an ugly golf cart jelly mould like a Tesla?
Encouraging comments from Mr Middelkoop
https://twitter.com/wmiddelkoop/status/1740084472509509988?s=21
Evening 1984 ….. a few posters very conspicuous by their absence today wouldn’t you say ?
Eish ,I was thinking of a second hand Skoda . May now wait and see if I can afford a brand new Skoda or at least a Kia lol Happy New Year to you and all the posters
Higher metal prices and a call now to slash interest rates to fend off a deep recession
If only there was someone who was clever ever to forecast exactly that
Other point red is that is well through the 100 dma of 11.093. Hopefully whatever caused today’s jump continues until at least we hit the 200 mda of just over 14p.
Shame no money can buy you a brain, hey scarecrow slug? How's your homework? 🤣
indeed a few more days like themis and red might be able to trade in the ****pot for a decent merc once more
Ortherncopper, not long now and the PI's will be discussing yachts and cars again! LOL. Must be a few russian serious models for sale, ha, ha!!!!! Update on Astons Martins and smart Mercs, electric or Hybrid etc.....
Red, just keep the "Good News Coming from the Redknight"! It calls for optimism and the New Year is not here yet!
Please continue informing us from your perspective, never mind your critics! They can filter you, bah!!!
So something has happened behind the scenes, yes?
Bid, a first bid perhaps?
Obviously on the back of shorters now deciding enough is enough cause the price of Au, Ag and Cu are going to the Moon in 2024! And we are Tier One - not with piddly little bits of the metals but serious amounts of ALL 3! Take your pick!
Suddenly, I am glad to be invested here, in spite of a roller coaster 10 years!
GLA Eish!
Phew, what a day 😅......
Remind me the good old days of solomon gold.....just a little.....
If its true about history tendon then we are there for a treat 😉
GLA GUYS.
Chinese need to bid their 35-40 before it increases to 50p.
Indeed red. Atym also looking good. Hoping 1sn picks up soon as well. As you previously opined, little free float so does not take much buying to sharply increase the sp. Cannot think today just seller ended or shorters closing. Must be more to it than that.
The Offer hit 11.32 and somebody paid 11.10 just before the close...
Reds going to start talking £1.50-2.00 again very soon…
Closing virtually at the high of the day, 37% up has to be mega bullish...surely...?
Will be interesting to see if there are any large orders printed after close. Stark difference today of buyers buying... and smaller traders selling and taking profits not denting the sp desire to head higher.
Bodes well if the larger seller that has suppressed the price for last few months is cleared. Could that be the Norges exit before year end?
Main heavy selling started around 16p so in theory sp could get back to 16p levels on buyers interest and absent 'large' sellers. The latter really do sway the book. That said, as someone posted earlier... might be shorters involved too as that can give fast snap backs in oversold shares. PFC was 50p+ a few weeks ago and got hit by short attack which saw it test 14p! In last week, it's back to 40p today. Crazy markets!
What a great day. Long overdue. Here's to a prosperous 2024, starting with an offer for the company in Q1.
I don't know Add, solg and by extension Scott, has never failed to disappoint. There is still plenty time for a retrace which we have seen before. Hopefully I am wrong and the upward trajectory will continue.
SP is on the lookout for 11p in the last 30 minutes
I bet you’re a good craic eh Eloro…barrel of fun!
Eloro, great prediction of yours at 13:11.