Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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Anyone kicking themselves at missing out of TMOR could do worse than to take a look at ROC, which could potentially be 'doing a TMOR' during the coming quarter.
Currently 6p, market cap. £763.5K.
From ROC's annual report earlier this month:-
"ROCKPOOL ACQUISITIONS PLC CHAIRMAN’S STATEMENT
I hereby present the report and financial statements for the year ended 31 March 2022. During the year the Company reported a profit of £56,654 (2021, loss of £36,077). As at the Statement of Financial Position date the Company had £1,206,254 of cash balances. ...
Following the termination of the Greenview acquisition the Company applied to the FCA for the lifting of the suspension of the Listing of the Company’s shares, and that suspension was lifted on 27 May 2022. The Company is now actively engaged in seeking alternative acquisition targets and anticipates being able to make an announcement regarding its progress in that regard within the next few months.
I would like to thank all those who have assisted the Company during the past number of years including advisers and creditors for whose support we remain grateful. I would also like to thank the shareholders for their patience during the very long period in which trading in the Company’s shares was suspended.
I look forward to a positive year ahead which will hopefully see significant progress for the Company and, potentially, the completion of an acquisition.
R A D Beresford
Non-Executive Chairman
6th September 2022"
"Performance of the Business and Position at the End of the Year
The Company reported a profit of £34,215 for the year ended 31 March 2022 (2021 – loss of £36,077).
The Greenview loan and accrued interest were fully repaid during the year. Net assets as at the year-end were £909,264 (2021 - £875,049), with £1,206,254 in cash balances held at that date (2021 - £24,983).
Loans of £88,226 were outstanding at the year-and (2021 - £85,976)."
https://www.rns-pdf.londonstockexchange.com/rns/4682Y_1-2022-9-6.pdf
ROC yesterday announced a proposed RTO at 7.86p: a 67.23% premium to its 4.7p suspension price:-
15th Nov 2022 3:56 pm RNS Potential Reverse Takeover & Suspension of Listing
"Rockpool Acquisitions Plc, the Special Purpose Acquisition Company ("SPAC") formed to undertake the acquisition of a company or business headquartered or materially based in Northern Ireland or alternative transactions with suitable targets, including those that may not have a direct connection with Northern Ireland , has entered into heads of terms ("Heads") relating to the proposed acquisition (the "Acquisition") of the entire issued and to be issued share capital of Amcomri Group Limited ("Amcomri"), the holding company of a fast-growing, acquisitive group of quality UK Engineering and Manufacturing businesses. ..."
https://www.lse.co.uk/rns/ROC/potential-reverse-takeover-suspension-of-listing-ryf9u6tg0kix1sg.html
Anyone kicking themselves at missing out of TMOR &/or ROC could do worse than to take a look at ARA.
Currently 5.5p, market cap. £577.5K. at 5.5p, a significant discount to its cash, and with low cash-burn.
13.4.22:-
"Withana describes Aura as a blank slate, one that makes one or several targets to become a substantial company. He says we’re talking “about 300, half a billion or higher in terms of size and market cap� and “our ambitions are to have a well traded, well covered and liquid stock.�"
https://total-market-solutions.com/2022/04/aura-renewable-april-2022/