Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
REDS dont fly Aeroplanes, thanks goodness. Yes they've had consolidations but any similarities end there. The two companies are very very different.
You mean instead of 100 shares you hae 1. Any losses will be the same regardless, its just that without the consolidation you would now have 100 times more shares than you have now but the share price would be just under 1p.
We may well still see some reward for keeping the faith.
Polly You make many very valid points. The problems stems from the fact that the majority of BB Posters who invest in AIM shares are gamblers who got carried away with their obsession. They then go into denial and cling on to the feintest home that all will work out fine. As such they cannot accept any opposing point of view that is contrary to their own. This was also evident in the good days when the SP was rising and those who suggested taking profits, that the SP was toppy and that thing were wrong with the company were shot down in flames. This pattern will continue in other similar AIM shares in the future but this one is well and truly dead and those that have accepted this will start to be able to get on with their lives and not be like bears with sore heads.
Looking at their list of vacancies, either lots of their staff have left of they have lots of new projects and they are expanding. https://www.redstoneconnectplc.com/careers
Oh well, not much in the way of optimistic answers to my question.
..... to see so many still here still commenting on Clag. What are the chances of it rising from the ashes?
Toastal - NO But I'm still here and still holding and made a considerable top up a couple of months ago, just before the annoncement of a possible bid. The BoD have indicated the 2nd half results will be better, so I'm keeping the faith.
RedstoneConnect announced as first UK FibreFab Elite Installation Partner https://www.redstoneconnectplc.com/press-release/redstoneconnect-announced-as-first-uk-fibrefab-elite-installation-partner
Should we be treating the inadequate "Proposal" that AP Systems have made to our BoD as a "Firm intention to make an Offer" and if so does this mean that they have met the requirement to have done so before 26th October? Any thoughts?
As expected the offer is worthless, it makes you wonder how this Anderson geezer is even in business. Further to the announcements made by the Company on 29 September 2017 and 4 October 2017 in response to the possible offer announcement by A P Systems Holdings Ltd ("A P Systems"), the Board of RedstoneConnect has now received a proposal from A P Systems. The proposal was an all-share offer of unlisted securities in A P Systems, a private company, at an implied valuation per RedstoneConnect ordinary share that represents a discount to the prevailing price of a RedstoneConnect share. The Board has considered the proposal from A P Systems, together with its financial adviser Cantor Fitzgerald Europe. The Board believe the proposal by A P Systems to be totally inadequate and therefore there is no basis upon which to engage in discussions. The Board has informed A P Systems of its conclusion. Shareholders of RedstoneConnect should take no further action.
Good to see the �37,500 buy at 150p. If nothing else the bid situation has rekindled interest in REDS.
Well following my post on 28th July about a likely takeover I didn't have to wait too long. A nice 40% rise. VM Next?
If that is not an error then how are we meant to account for what is written in the "Interim Results" that were released on 11/10/2016, where they refer to the previous year's figures (Bracketed) as H1 2015). In one year the bracketed figures referring to the previous year have jumped from 2015 to 2017. So there has to be an error somewhere.
The bracketed figures in the results clearly refer to H1 in 2016 not 2017, surprised the proof reader didn't spot that.
It currently looks very bright, perhaps the only concern is that what we have is so good that one of the really big players will come in with an offer for the company.
Amongst all the buying activity yesterday there were some regular big 500k. Aslo some big sales again today. It seems an odd time for an II to be selling their holding. Any thoughts on why this may be. But for these big sells the SP would rising much faster.
My apologies, typo!! I meant 100/1
Personally I was happy with the 10/1 consolidation and with no longer being a penny share company. 20.79m shares in circulation is far better than 2b+. It also makes us more appealing to II's
It will be interesting to see how Slater are linked to the "Possible Offer".