Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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All shares are a gamble. This share will surge if there is even a hint of good news. The important word is "if".
Yes, I realise that. And in the mean time the mms drop the BID to .3p even though there have been far more buys today than sells. Still tiny volume though so I don't really know what they are playing at.
If the MOU goes to the next stage and Lindab and Metrotile are still on board then yes, this will recover in a heart beat. You can bet your bottom dollar though none of us will be able to buy as it flies up.
Any idea what the RSP looks like ? I assume no bids & the big seller around a little higher up. Could be some margin calls from some spread bet punters. Either way there appear to be no buyers in town. That tells you everything you need to know right now sadly. Best of luck.
Roger when the Metrotile order is announced and it comes in anywhere near 200,000 euros you will be able to sell at far more than 1.5p. Add news of a small pilot order from the MOU in Thailand and we will be cooking with gas. 2 financial years ago this company had a turnover of less than £30,000 . An increase of around 15 fold in 2 years is not bad going. "from tiny acorns do giant oak trees grow"
Brunello - well, it’s nice to see a positive msg posted here for once.
I don’t know of any specific order due with Metrotile, let alone one that’s worth anything as much as 200,000 euros. The MOU is with NZV and if it comes to fruition the new manufacturing centre will be in Italy so I’m not sure how or why you think there might be an initial pilot scheme in Thailand . I know the CEO resides there so perhaps you know of some possible connections he has there. I sincerely hope you’re right but atm it looks like a healthy dollop of wishful thinking.
All trades marked as buys today but think that’sdown to the usual misreporting by LSE website. Certainly looks as if there were some sells today but hey, who am I to complain if LSE want to present everything in blue!
Roger , that was a post from Twink earlier in the year. Take what people on hear say with a Shovel of salt !!