George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
MP Materials Corp. is an American rare-earth materials company headquartered in Las Vegas, Nevada. MP Materials owns and operates the Mountain Pass mine, the only operating rare earth mine and processing facility in the United States.
I think grappa may be right….an RNS today perhaps ?
I clicked on the below link and it came up forbidden…..so maybe they will open it up later.
Today's Market View - MP Materials, Europa Metals Limited ...https://www.proactiveinvestors.co.uk › companies › news
Raj. 22, 1443 AH — Funds will be used to design a commercial-scale operation operated by MP and servicing HREEs for products into the DoD and civilian applications ...
From my understanding there are over 20 coal mines for sale in South Africa…..however I don’t think anyone can actually create a viable business case for them anymore….strange but true.
https://www.hrw.org/report/2022/07/05/forever-mines/perpetual-rights-risks-unrehabilitated-coal-mines-south-africa
EIT has 366 partners….of which EUZ is not one of them….so maybe they have applied ?
https://eitrawmaterials.eu/partners/page/6/
I did some research on Kibo energy and found that they have not received any revenue for the last 8 years….I mean 8 years !!! The only income they have received is from placing more shares on the market and shareholders have coughed every year !! Why they did not receive revenue from the coal mines they supposedly owned is beyond me…. Just don’t understand this company’s business model. Still an exploration company imho. You will not get a dividend here for years. I have now sold up and out of here. Good luck guys.
It may be a holiday in the UK but in SA it’s bau…business as usual….and believe it or not….the tail is still trying to wag the dog !!!! https://www.moneyweb.co.za/tools-and-data/click-a-company/KBO/
When will they ever learn ……
In my humble opinion what we have just witnessed was an attempt to influence the SP prior to the 10 to 1 consolidation and another fund raise. I don’t see a fund raise at these levels as it will be too dilutionary for LTHs. But as Burns once said “the best laid plans of mice and men gang aft agley”….let’s see what LC pulls out of the hat next…but this cannot continue. Some form of revenue which must be sustainable month on month rather than doing partnership deals all the time must be forthcoming and a priority. Read the relationships section in the last financial report and one can see Kibos commitments and relationships with other companies. It’s quite comprehensive and I struggle to get my head around it…some very complex deals. Saw Kibo exploration as another partnership company….maybe that’s who we have invested in ? An exploration company ?
JSE as well…..the grand old duke of York…… https://www.moneyweb.co.za/tools-and-data/click-a-company/KBO/
Looks like whoever paid 1 p a share on the JSE in the past few days has just realized he has been taken !!! Slowly trying to minimize his loss….must have dropped a few on the market today and brought the price down….. https://www.moneyweb.co.za/tools-and-data/click-a-company/KBO/
What you make of this patientzero ?
I think you may have just hit the nail on the head for the sudden rise in price on JSE maidit308.
It’s still holding its own at about 1p per share. But do you honestly think there should be such a great divide between the two bourses ?
Not so much a fool…me finks….anyone who can sell 30 million on JSE at 1 pence a share in 1 day making about a 700% profit and taking the same funds to buy 210 million shares on LSE the next day is quite smart imo. Watch this space…I think a big demand for this share on LSE. A big pump coming imo.