Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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WG. First impression is that their recovery is on track, perhaps a tad, ahead but the old problem cash flow is still there. We knew payments had to be made but now there is a self investment (improvement) programme which in going to require cash before it starts to save money. I will come back if there is anything worth saying after the video presentation at 9 a.m. I see they are getting a new CFO.
WG. I tuned into the webcast and Ken Gilmartin (CEO) was very pleased with the progress they had made and, in his view would continue to make. What struck me was the scepticism of the analysts. The "Simplification Programme" costing $50m this year and $20m next to save $60m a year was simply not believed. They had heard that type of talk before although Ken was quick to disassociate himself from previous efforts they were not buying it. They are in the right areas and they are improving but it always seems that its Cash (jam) tomorrow. My instinct is to buy more but somethings says "resist the instinct". Its been a busy day on this noticeboard and a terrible day for the share price.
Mr P - it looks like our posts crossed. I haven't seen the presentation but the analysts are perfectly correct to be sceptical - as I said and now you - Jam tomorrow is fine as long as it does come, so far it hasn't.
Buy when others fear.
TUI TRN SPT GNC IAG HBR RR. BP. DLG CMCX IAG the list is endless.
No worries Mary
I have not got a twitter account and was going to set one up when you stated yours..I'm a bit of a technophobe myself ..
I doubt whether I will dip my toes into the water here until I see some recovery..
The guys posting below seem to have the measure as well
Mary, I'm sure that's a fool proof strategy . You omitted though CUR, SFOR, SDRY, 888, CBG,MCG, PRU, VANq ITV, PFC....which you mention in your 700 plus posts this month. If they are all doing well then bully for you but the reality is no-one gets it right all the time. But if you have the secret, good luck to you but in this case I'll join the sceptics.
Mary B has been pushing this and the others for several years, and miraculously always tells us she hits the bottom and the top. I take it all with a pinch of salt !!
Gruyere
You must have missed my posts
ITV - turned around big time, a long time ago -very low average
PFC / MCG / VANQ still WIP but improved significantly by averaging down
PRU - turned around by buying and have a nice low average
CBG - fully turned around and out with a heathy profit
888 - average sub 40p atm
SDRY - only have 8000 shares so a small loss
CURY turned around and sub 50p average
Not sure what your point is really.
WG. I was sitting with a 10.11p average holding and have been adding in the last few weeks and trimming too. Have added today all the way down to 134/5 and sold some 1st thing to trim as stated.
Sceptic if you like, but I post honestly.
Mx
Rhinocol
If you have followed WG. closely I snooker racked in and out very successfully here and called the bid and the walkawy correct. The rest is history.
Nobody's opinions should be taken any differently from anyone else's, though.
These chat boards would be extremely dull without the wide range of posters they have. Mary is just enjoying herself and not trying to ramp or de-ramp anything from what I have read to date, unlike a few posters whose names we are all familiar with and whose style of comments and approach follows a consistent pattern. NB: Not referring to anyone here, genuinely.
And even those ones...live and let live I say.
Anyway, as far as this one goes, keeping it on the watch list, but not temped at this price, as I said earlier.
If 134p ish is the bottom, then so be it. IMO, a retest of the year low would not be unreasonable, although I can see myself taking a nibble if it hits 132p-ish. Not desperate though, hence not buying in the 136p region. Plenty of other avenues out there that are equally, if not more, appealing, right now IMO. GLA.
Been a great roll today, WG. new race tomorrow. Have a great evening and ty LW
Mx
Lol race to the bottom 132p now Add & be glad
Well, Mary, that's exactly what I did at 132.22p. ........I may regret this one, over ridding my instinct !
Could go to £1 or £2 who knows?
This ain't going to £2 Mary without a bid.
The board can't be trusted again.
They've tried to pull the wool over our eyes but the markets seen through it.
Trying to make out all is good upgrading their guidance whilst just missing their latest having only reiterated it a few months ago, after year end.
And they're sneakily pushed back fcf to 25.
135 and I'm out with a loss here. No reason to hold.
Guess they will be by far from their targets.
Needs patience a thing most punters lack, it will come good and reward handsomely purely a waiting game
That’s better never a weak buy!!
JG68 fair enough.
Will continue to invest. Added today.
Shares rise shares fall, lower end of range, still a play 120/150 and not long until 9th May TU.
The FCF deferral, as far as I can see was mainly expectional one off re Power closure and costs of $50m (24) $20 in (25).
[This programme is expected to generate annualised savings of around $60 million from 2025, with a benefit in FY24 of around $10 million. The costs to achieve this programme are expected to be around $70 million with an exceptional item to be recognised in our first half results. The cash impact is expected to be around $50 million in FY24, weighted to the first half, and around $20 million in FY25.]
Watch Sky @ 1145 - yesterday for the 5 minute interview - buying into the growth story, the annualised savings etc etc.
Patience is all that is needed.
Have bought in the 130 / 136 area so eventually then will be turning. The additions are almost in profit already. GLA all.
They cannot attract and retain the top management, Engineers etc
Riddled with nepotism and they have presided over humiliating treatment of staff leading to suicide, huge loss of earnings whilst those responsible continue to ride the gravy train
Dirty filth bastards with blood on their hands and no shame
The market will punish continued lies here
Gosh Scott are you ok? That really is not for a forum for that type of comment. If you have accusations to make, better elsewhere.
Take care
Mx