Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
Singhie, keep up the really informative and appreciated work… cheers mate.. may we all eventually be richly rewarded !
So what’s stopping you board ??????
They will be rewarding themselves for failure with share options at current pricing say they need to be incentivised, !! say trebeling option values when the share price is 60p in say 3 yrs time, and telling us how deserved/what a great job they have done, when it’s 40% of £1.50!
if I recall correctly they sold out when the price was £1.18, maybe now it’s 20p a more helpful sign of confidence would be to see them using part of that cash to buy shares direct at the current price?????? Talk about not believing in their own company ?? Come on board, show some confidence in your own business, they clearly have the capital……
Need to make the decision about testing smd, if need to £ raise to do that, do it now and give shareholders the prospect of some decent good news in next few months, could result in a much improved flow rate without a totally new well being required, if my understanding is correct. If not careful the SP will be mid teens before they do it and then cosit existing shareholders even more dilution on the raise. board are probably more interested in giving themselves a shed load of new share options at lower prices….remember this was £1.50 not very along ago….!!!!!!!!! A shocking dog it currently is, some proactive board decisions required please….
agree, board what is the co actually going to commit to do in next 6 mths?
Only minor part of his interest, give the guy a break! Bigger issues elsewhere here, when are we selling gas to the market.
What should have been a perception changing positive success on the sidetrack has turned into a damaging SP trading day. No-one holding shares can take any positives from the ham fisted way this has all been presented. Time to get a new Comms advisor Angus, one that understands how markets react. Fair to say that what should have been upwards re-rate up news has become ‘18.04.23 an RNS that will live in infamy’ Still holding to hope that Singhie is right and we still get our ‘midway moment’ later in yr when hopefully full production capacity will be apparent and the gas price starts rising, banking major gas sales £, but today has been a ‘dogs dinner’. Board………..must do better
So all the cash flow committed to share buy backs has had a really positive SP impact over the past few months??….well done board and rampers!. If they try and recover the cash by selling the shares, will only depress the SP further. Board need to do a review their strategy (do they actually have one ??) either use the incoming cashflow to stop share buybacks and declare an intent to use the cashflow for a regular divi programme (and so change the potential benefit profile which may attract a different sort of investor, with positive SP impact) or find a deal, even if buying in more% of the wressle interest (say some % of that held by europa for example) or a new prospect….At the moment this is in the doldrums, board need to steer for alternative waters.
Is this a stirring of the awareness of the lithium play?. That may well drive the sp more than the tin price…sp could move quite quickly if awareness as a potential lithium provider becomes widespread
Probably Not dodgy, now it’s revealed the BIG Q is what for? hopefully a deal of which we will find out about in the next week or two, let’s hope the shareholders don’t get screwed over!
So not the week of the 7th! Need an RNS on Monday, even if just an update since the last or leaves shareholders in an information vacuum
Having seen this, topped up to lower my average…..feels like the game is now afoot!
Like many I will be back to this later in yr, for flow testing etc….but not much may happen for a few mths (famous last words!!) out of 88 and into IOG…..
Found a grand down the back of sofa to top up and average down Looking finally for some positive news following the dog of a share past 12 mths, GLA
Bloomberg reported that turkey and Iraq still needing discussions…..the music has not yet stopped………
Current 22% spread not attracting buy in for now
That is a really helpful, informative and seemingly well balanced note, SP responding accordingly. We may have a monster on our hands! once clean up and understanding of residual issues is known
Pawn, that post even if meant as a joke, you should retract…. Worst possible taste
Very helpful analysis thanks Singhie, if your forecast for apps 12 mths time is near right, everyone should be delighted
Great there is a data room, so…..that’s the first step of many to get a jv or farm in, that you can expect as a process to take many months. In the meantime what is the company doing and what’s funded or going to need funding? Hence my comment about share price drift. testing the SMD at alkid might be best next thing, cost/potential return for shareholders, but have they actually committed to do that?, when will they do it? and do they have the money from existing resources to do that? This board need to make clear to shareholders about the plan for the next 3-6 months while data room stuff is ongoing, I might add with no certainty of doing a deal at all! board need to make clear what they are intending? If it’s do nothing until a farm in, then they should say so, and we might wonder what they are all being paid for?