Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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Big fall coming here Tuesday on that late messy RNS Thursday
I hope so as after more shares at these cheap levels :)
I agree.I want more and simply cannot understand how these can be valued so lowly.This must be a short term blip and believe these will be worth much more soon.Also note the last time the Russians made troop movements Gold absolutely soared,so can see that happening this week.
If the price of Gold soars this week,these could double or triple in value in short time,hopefully.
I agree with you Pedro....I am expecting SRB to climb in the near term.
Doubled up today 49p on a further 6% fall back at 3.15pm .
First buy 4/3/21 for 72p .
Doubled that up 6/4/21 at 63p .
This tread from a past buy date.
Looks like there was a PB offer a bit before I bought in .
Ripley - what do you mean "PB Offer"?
SRB is a fair bet as the MCAP will rise or be it'll acquired. The two largest holders will either trust the management and be confident of an imminent rebound or will sell above the 75p placement value.
Same again today at 40p . ( 4.71% down today ??? 7.69% spread showing above )
GoldGeezer that is Primary bid ( Open offer )
Gold at all time high this still lower then May 2022.
Up 15% with 4.5% spread on today's RNS 45p ( 49p 28 days ago )
My top ups April & May 2022 just about even .
The buys in March and April 2021 still well down .
That performance seems fairly good for AIM over last two years .
It is a gambling index in hindsight the attempted buy for 26.25p in April last year which looked a lucky miss when 21.5p in August 2023 , now looks like it was a chance to double the bet .
Sliced at 50p the 20/4/22 first top up below.
Set a little higher then the first thought at 9.30am, before heading out.
Executed 11am fell back few times to 48.7p but closing a higher then 50p up 30% on the day.
Broker showing this up 10% today , this site up 5% spread with 5.6%.
54p up 8% on the slice two weeks ago.
Broker has 1 Analysts expect the price to increase by 57% to 76.7p
Morning. I bought in this morning and had do it at best - seems to be no stock available. Looks incredibly cheap, unless the financial statements are miles off?
Sliced at 67p target was 65p
The third buy 49p on 20/4/22.
The forth and last buy 40p on 4/5/22
Still have the first two buys 4/3/21 buy 72p . 6/4/21 buy 63p
The second buy now ahead .
They continued falling after my buys to 23.5p by November 2022.
After retracing to a peak 38.5p 23rd January 2023 , still below my buys .
By 18 August 2023 they fell once more to 21.5p a new low.
Hope for other AIM shares still well down maybe .
Overall Average:
80% BUY
Say these guys https://www.barchart.com/stocks/quotes/SRB.LN/opinion
They need to start adding some serious Coringa advancement updates. Even with gold at this level this is overpriced on current production.
Debt, placing or use the pog uplift to pay as you build. Without any kind of serious news,no one knows whether they're going to build cash accurals, get diluted or expect a higher EV ratio. So not at all unreasonable to expect people to start taking their 200% gains off of the table.
My DCF calculation with current production and gold price says £2, so I dont understand the statement that SRB is overpriced.
Lol good luck if you think 33k ounces is worth a circa quarter billion.
It's not 33k ounces, guidance for 2024 is 38k-40k and the target is greater than 60k in eighteen or months from now (full year 2026).
Bushy why argue over someone's £2 estimate using £3.3!?
Bushy. Your 3 recent posts here all suggest you are short.
55p? Doubt it. 60p has been the floor after 71p last week with the sp bouncing back.
Over priced? Based on what? 75 million shares x 62p is £46 million Mkt Cap. Generating $800 x 40k oz = approx $32 million free cash flow this year.
Worth a quarter billion? 75 million shares x £2 is £150 million. Your maths are about as washed up as your analysis!
£2 is justified,but,my target for this year is £1.50,as some leeway has to be given,and I would rather be realistic regarding valuation.
Argh I note I've found the clown club.
We'll see ladies