Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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At 40p on month retrace .Spare funds main reason.
No spare funds now , 23% fall today to 22.5p
I cant be bothered to fully read the RNS or work out what has gone wrong here, but what a dog.
Was a dog last set of results. Cost me dear then and I sold. What a dog.
Nothing here for investors, its not run to make shareholders money.
Dartron,
I fully agree the results were not what was hoped for too many legacy issues still draining the profit pot.
''Nothing here for investors, its not run to make shareholders money.''
I think the majority of top shareholders incl Steven would disagree with the above statement they are the ones who are able to pull the ropes behind the sails (without their support/approvals) they would not have been able to stir the ship and make the headway changes already in place and without the new and old management teams returning to the board in place.
Very quite BB this one my posts from April on same page .
Maybe a good thing as no rampers /derampers .
Maybe an indication of not much interest.
Shame I had no funds in September posted below in today's hindsight better then anything I did buy around time maybe.
Looks like might break even on April purchase .
Not sure I like idea of company's being taken back to private after listing .
Does it make mugs of private investors ?
Xpediator surges on takeover offer
Tue, 20th Dec 2022 09:11
(Sharecast News) - Freight management services group Xpediator surged on Tuesday after a consortium including largest shareholder Cogels - the investment vehicle of former chief executive Stephen Blyth - made an indicative proposal of 42p a share in cash to take the business private.
The consortium also includes funds managed by Baltcap, one of the largest private equity investors in the Baltic states, and Justas Versnickas, the managing director of, and 20% shareholder in, Delamode Baltics, a subsidiary of Xpediator.
"The board of Xpediator remains confident in the company's prospects as a standalone listed business. It is, however, evaluating the proposal together with its financial adviser, Zeus Capital Limited, to establish the attractiveness of the proposal to all of its stakeholders," it said.
Xpediator said that as matters stand, the board is minded to recommend the cash element of the proposal to shareholders, should a firm intention to make an offer be announced.
"The Xpediator board is continuing its discussions with the consortium and its advisers to progress the proposal," it added.
At 0925 GMT, the shares were up 26% at 38.04p.
Russ Mould, investment director at AJ Bell, said: "There is a growing risk that if the market isn't prepared to put a fair valuation on a company, then someone will come along and buy it. Increasingly, this someone is either the founder or a former director and that's exactly what is happening with transport group Xpediator.
"Since its IPO, Xpediator has made a few acquisitions and seen its pre-tax profit nearly double from £2.4m to £4.3m.
"The company would probably argue its operations have survived a pandemic and it is continuing to go places, yet the market seems to have been put off by its status as a very low margin business in an inflationary environment - qualities which many investors do not like at present."
This is all to do with the CEO owner fall out earlier in the year. Pay back time! Get your own (company) back time!
Off you go XPD, we wont miss you.
Account has this paying out today .
Did not look at acc yesterday , payout is more then available to invest so maybe lucky timing .
Looks like I made 42% in cash terms , investment still in of yesterday 2053 against 2913 paid out .
Took a sale profit 14/11/2019 , leaving just 66% of investment in .
Last buy 8/4/22 given a few free ones 11/6/2020.
So only 16 month tie up of funds.