Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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Interesting update. What will happen to the SP if the automotive sale goes through as planned?
It would appear from SP move that the market is liking the latest news from Telit.
Well am I missing something. Automotive sale worth at least $105 million going through 31Jan 2019. Net debt $30million, so what's going to happen to all that spare $75 million in cash...special dividend maybe? With earnings close to 20p per share according to latest accounts are we undervalued (PE of 6) is something missing here??? Answers please.
Hi Moniman
You are not the only person that thinks Market has got it wrong here.... I also see a nice upside from current levels.... been here for a couple of weeks now after announcement from company of sale.... plus the fact cost-restructuring is coming along nicely
Once debt gone and load of cash to invest with good "back to growth" strategy... we might not have to wait long..... GLA
Hi Jay, I thought that I was the only one left here. I got out about a year ago and been watching this drama play out, still a few little bumps in the road but got back in a couple of weeks ago. GLA, PS..has someone twigged what's going on this afternoon, sudden rise to144p, perhaps confirmed Automotive sale maybe?
Some huge sells in the mid 130's early afternoon, followed by some fairly large buys in the mid 140's later in the afternoon, very puzzling trading pattern.
A long due recovery imo.... lets see what tomorrow brings..gla
Shorttracker Dec 16...6.77 percent Jan 30...4.13 tide has turned?
Just read the RNS. Sale delayed due to Chinese New Year, should complete by 20th February.
Punters very impatient for the deal to get through.
Have added more today. Lets see what this week brings
Will the Asian buyers find the cash by the 20th Feb deadline, or are they just a bunch off tyre kicking time-wasters???
Still no news on the sale. Was it just the Asian buyers messing around pretending to have the money, not looking very good at the moment?
Fortune cookie says..........beware of Chinese companies bearing cash but have empty pockets.....
Today's fortune cookie says...No cash no matter, seller will give it away cheaper tomorrow..
Apparently Chinese new year has been extended until the end of November 2019...lol
Todays Fortune Cookie says.........every silver lining has a cloud.......
2 days left for our Chinese tyre kicking friends to get the cash out of their little wallets. I wonder if they are just playing for more time cause they don't have the cash. There should have been penalties put in the contract for backing out. Let's see what happens but no news so far.
Only 1 day left for our little Chinese friends to stump up the cash. On or before the 20th of Feb for completion, that was the final deadline given by Telit. Well talk about taking it to the wire....I wonder if they have the cash?
Well today is the day. I wonder if our Chinese friends stumped up the cash for the automotive division? Or were they just tyre kickers?
The absolute silence from BOD confirms we have been dodged by so called Chinese buyers again!!!
been waiting here for months now... one would have hoped the company knows what they are doing... $hamble$!!!
Fortune cookie says..........beware of Chinese companies bearing cash but have empty pockets.....
I feel ya... its window shoppers without any dollar to spend..... such a waste of time!!!!