Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
I bought in 2014 and have bought/sold over the last few years to get in a position of profit. I’ve been through the dilution and all the messing about that’s happen but sit here now with my pot at a very nice 73% in profit. I hope it gets as high as 30p However I’m expecting even with the generals approval this share to peak around 5p to 10p, maybe 30p may come once the mines are open and working?
The price/share movement is unusual for this share at the mo, no idea why the 20% spike this morning. It’s slowly growing momentum so I assume word is getting out the deal has moved even closer, when the RNS hits you can expect 5p as a min
Just reading through the RNS again, it looks like they are evaluating the ‘offer’, by this I mean if they do a deal then clearly there is a solution of our shares to obviously gain the licences back and providing funding to move forward. I’d rather them take their time to limit the dilution as they say. I’m still hopefully the court process will win which would then Put us in a stronger position , it all looks good at the mo and at least it’s not turning the lights off gloom
I agree from the RNS it looks like a deal is there but not signed, doesn’t make any sense to delay it now. Possibly they are now just talking how it’s paid and when by, maybe part of the deal is to pull the legal action?