Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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Perhaps this is the new potential investor/ interested party ??
https://www.pv-magazine.com/2023/12/13/lightweight-pv-system-solution-for-commercial-buildings-with-limited-load-bearing-capacity/
I don’t think anyone is genuinely interested in vdtk. I’m now of the opinion an organisation wants vdtk out of the market. Mismanaged and 100% dilution coming your way soon as reward being an investor. Oh and that’s on top of 90% decline in the share price over the last three years. Way to go Rob my lad! The competition out there must absolutely love you!
New shares will be issued willy nilly for the simple purpose of extending BODs monthly pay cheques for as long s as possible as a reward for running vdtk into the ground. Just my views.
Tom Winnifrith knew this was a bad apple several years ago. He was right and now vdtk is rotten to the core.
Voted against everything.
Deeply unhappy the CEO thinks he’s worthy of a 30% in his salary from last year having delivered a drop of 97% in the share price over the past three years!!! Utterly taking the p.ss.
That’s a drop of just 97%!! Staggering. Absolutely staggering.
My decision to invest. My mistake. My loss.
The CEO deserves to be out of a job and take nothing away from this train wreck of a company. Everything they’ve done has gone wrong or backfired. Mismanagement on a staggering level. All the directors deserve to walk away empty handed, just like the share holders.
By end of March I think this will be busy or they’ll do a raise at yet another punitive discount for which Rob Richards will think he should be rewarded.
Last discount was effectively at 75% discount so I’m fully expecting another placing to give away probably another 50% of the company at .1p
This stinks and I feel there’s something rotten going on here with the CEO doing shady stuff. Can’t prove anything but just a strong hunch and opinion he’s not batting for vdtk here
I don't think they will be able to raise any more cash to keep the business afloat.
Am I the only one that received an odd unsolicited email contact from a mysterious investor (based in OZ) who claimed he was somehow connected to the company and knew that big deals were afoot....? That was maybe 2 years ago. Those deals never came of course - surprise surprise!
Then there were a few RNS "deals" that were not concluded, but not before a massive spike in the SP, and huge pumping operation on this stock. Who remembers the used-car salesman sort of guy in the promo video who used the phrase 'secret sauce'?
The past history really does deserve close inspection.
d roger I was uneas when you receive
I’vea feeling they might get funding but that it’s going to pretty much wipe out all lths investment value here. Further dilution on a completely disastrous share price will mean in 3 years Rob Richards has lost 99% of the value of anyone’s investment here who bought two or three years ago. Don’t think he’s remotely capable of saving VERDITEK so half expecting the resolution to grant 100% off the share issue so they can string out salaries for as long as possible before the inevitable to be voted down. Just means vdtk will go into administration sooner rather than later. One positive for me is I will no longer be contributing towards this idiot’s salary which he categorically does not deserve.
Only hope would be for someone to buy VDTK for a couple of million £.
If that gave me a share price of .3 or .4p right now I’d leap at the chance of rescuing at least a small portion of my investment. It’s been the worst stock and BODs I’ve got involved with in all my years of investing and on AIM that means they’ve been up against some incredibly dubious competition but …for utter incompetence, woeful disdain of share holders and outright questionable and suspicious goings on VERDITEK take the Cup.