RE: Rainbow rare chart27 Apr 2021 18:34
The facts are that chart predictions don't mean jack when the forward fundamentals may have possibly changed (export ban). £16m wiped off the mc since open on Monday, yet others say the gypsum stacks alone are worth much more. PRE has retraced also. PRE's Saltend project likey relies on RBW concentrate feed stock in addition to its own - yet the Burundi's 'might'have other ideas.
Yes, I know this is negative but I say it like it is. Indeed, the export ban facts are not known but the lack of update from RBW feeds into the negativity.
It wasn't so long ago (RBW at 4p) that many complained about the lack of communication from the BoD. However, GB started rdgular communication and produced some excellent interviews. PRE and RBW are by far my largest holdings so I hate to say negative comments (about RBW) yet it can never all be rosies.
Someone the other day mentioned it's never going to be a walk in the park in Burundi. I respect that, but would like clarity on what's going on with the company.
As each day pases more and more (not me at the moment) will be finding themselves trapped in deeper and deeper paper loses. Yes sell up you say... that's a nice short answer but all we want is some understanding if the export issue can be resolved or if the Burundi project has become a liability. It's not much to ask from investors (not short term traders).