Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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How's everyone this New Year?
I'm still holding ATM waiting for the 6mth time limit to expire, just wondering what the rest of you are doing?
Yes sitting on my hands too atm. I'd like to to be able to say that my inaction forms part of a rational assessment of SAGs likely actions reagarding TPG rather than my reluctance to selling now at a loss, but it isn't!
I assume that SAG will try to acquire the remainder of TPG for the lowest overall cost to themselves but not being any kind of expert in (hostile) takeovers and not being that exposed here myself, i'm happy to sit back and watch.
I also hold SAG shares so that helps too...
Well my wait is over. Just sold my last tranche after some 9 years because I can't really see any cause for optimism. I was pleased when David Lyndsey came on board but the writing went on the wall for me when he said he was going. I must admit the SAG situation has not helped.
I've redistributed into other shares I hold including HDD and SRT who have much more immediate possibilities. I hope I'm wrong and recovery will happen but it's so uncertain.
All the best and good luck
Truro Trader.
iq really the last
Sorry to hear you're out TT.
Many of us PI's invested here have been burnt by very poor management & a complete lack of over site for years .
What could have been a successful & profitable company has been so poorly managed for so long that it beggers belief.
SAG may well step in to take it on, but probably at no great price
Let's hope the New management can pull something out of the bag & soon.
Wishing you well with your new Investments.
Cheers R
I can understand selling now, since losses here could be recovered (plus some) more quickly with another better investment.
But what prospects for those investors not selling now?
I think Radius summed it up well and the 57% of shareholders who voted for the board changes thought similarly too.
'The General Meeting result was a clear rejection of the TP Group Board's strategy. The Science Group strategy to create a collaboration between the companies, built around Science Group's strategic investment and the appointment of its two nominated directors, was endorsed. TP Group shareholders gave a clear mandate for the Science Group strategy which is anticipated to benefit both organisations and their shareholders.'
SAG can profit by either trying to acquire the rest of TPG shares as cheaply as possible (and all the destructive shenangins that that may entail) or they could seek to turn TPG around, boost the share price and profit from their existing share.
If we take SAG at current face value they want to do the latter. (a big 'If' i realise). If the (57%-SAG%) called it right then they would expect this to be near the low point and it'll be worth hanging around.
I'm not quite as negative as i was (relatively :)
GL