Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
Wouldn't exactly say predicting to break 5p is ramping... it hit 4.99p on 3 occasions yesterday before dropping as this yoyo'd yesterday. We will soon find out on Monday open
Look at the pattern last Friday, morning raise to nearly 6p... finished high 3s. People panic sold and people took money out over the weekend. Early Monday saw high 5s. IMO may see similar monday... open high 4s, maybe break 5 as people prepare for the week
Little to no understanding on UTs... why does it look a good thing?
SP following similar pattern to last weem.. we opened im the 5s Monday morning. Everyone will jump back in Monday
"Chapter 11 restructuring process involves entities that are engaged in Cineworld's US, UK and Jersey businesses; businesses in all other territories remain unaffected"
Surely there is no need for CVA in UK if its covered through chapter 11? The 1.9bn funds available will cover all entities not just US
it's made me realise once my position is closed on this one, I need to step away from shares, this forum and just concentrate on things within my control.
not going to lie, I got caught up in the Friday hype and missed the opportunity to jump yesterday. I've played with feathers and my ar$e has well and truly been tickled. Nightmare
Interested in people's opinions (those actually invested) as to where they believe the shares sold by Jangho and Polaris have landed. Seems a significant amount of shares to just fall into the hands of retail/personal investors, especially given the circumstances.
Why rush, another month ticked off and another months salary in the Bank for Gary, easy work if you can get it.
On a serious note, we've heard Gary go on national radio and completely misinform shareholders, we have posts on LinkedIn from Jake setting a target that wasn't achieved, Jake has now targeted "early September" in a Guardian article 3 days ago, forgive me for being cynical but really!?
It would be very interesting to see how the last 2 years would've played at under different direction.
Individuals who want to consolidate existing debt into 1 manageable affordable repayment, individuals who maybe need to replace existing broken/damaged car with a newer car? The current energy crisis is going to cause some challenging scenario's but not everyone is on a variable contract, there will be some who have fixed tariffs who have the certainty of their costs.
Repaying lending is a wider issue, not just an Amigo issue. If someone cannot afford a loan then it don't matter if it's Amigo or Lloyds Bank.
The £35m will be eaten up very quickly if they opened shop to everyone.. Gary said in last update that they will look to use brokers so they may be aiming at a particular audience with specific qualifying criteria. 7000 customers wanting £5k loans... moneys gone.
I think the appointments are more with regards to the RI and future investment. I don't think this has an impact on lending the £35m. RNS seemed very minimal, almost like it was another update specifically for the FCA.... is it official confirmation to the market so to tick another box...
"Welcome to another episode of Gary's quarterly update, today Gary will praise and thank the FCA multiple times and confirm Amigo continue to engage with them. As well as this Gary will also again repeat how Amigo has learnt the lessons of the past. Finally Gary will provide an update that there are millions of households being denied by mainstream banks and how RewardRate will support them in 2025"
Correct, he mentioned few weeks.... a few months ago (end of May) *sigh*. If we're being honest, we all know by now to ignore whatever this board communicate to shareholders and wider public, nothing works to any timelines that they set out - ultimately they continue to set expectations/timelines which aren't met.
We know what's going on, they are waiting on FCA approval. Gary confirmed on the July call that before lending can recommence they need to test a case, he also confirmed that they will not be lending directly and instead through introducers. You can imagine the FCA would want to know how this is going to work from start to finish. Danny said on the call there is a minimum 12 month period for new businesses to get approval, so the process isn't just an overnight decision.
Ideally I think you're looking at a few weeks at least before any further update, no point providing an update for the sake of it if there is no value.
Do you guys not get bored of having the same conversation everyyyyyyyyyyyyday... Why waste so much time and energy in trying to understand the unknown? The lending update will hopefully be here within the next month, then the RI detail that you all crave...stakeholders will have to also vote it through so fair few hurdles before it arrives.
get some factor 50, leave the keyboard, go outside, take a long deep breath.... and exhale.