Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
Latest RNS would suggest that this is now a straight forward Acquisition on the part of WAD, will have to wait for the admission document but it certainly looks positive for WAD going forward - imho
these are short term figures, with a producton increase of 400% the SP could very well rocket long term.
5 x increase in market cap would see an SP at 20p +, I think the markets will price in 10 - 12p conservative to account for costs etc. "WEST African Diamonds (WAD) – the John Teeling-chaired mining company – is close to finalising a merger deal, which would grow its market value from £3m (€3.3m) to £15m (€16.3m) and increase its annual production rate by 400%
Id imagine this will be weeks rather than months so it shouldn't be such a lengthy lock in imho. Shareholders will vote in favour as it's all good for WAD going forward.
this is good news just a formality ..
could be a shake but I believe the DOW is not doing too good right now.
3.75/4.75
not me !, Ive just bought. lol
400% increase in production is what sold it for me on this one. WEST African Diamonds (WAD) – the John Teeling-chaired mining company – is close to finalising a merger deal, which would grow its market value from £3m (€3.3m) to £15m (€16.3m) and increase its annual production rate by 400%
wow spread is now 3.75 - 5.00.
yep too much hot air on TMP, look for facts, WAD looks a good play.
I think MM must be short on shares, widened the spread 4 - 5p, I still think it is worth investing in though
**correction**, paid 4.7, never mind, if JV comes off this has to go double digits.
ok got some funds, just bought in 100k @ 4.07. GL all. I've bought in on the following statement & thats all I know about WAD thus far so DYOR. http://www.examiner.ie/sport/diamond-firm-near-16m-merger-104161.html#ixzz0V1gARAGv
Im freeing up funds now, looks like just over 4p to buy.
Im looking to offload some stock to get in here, this could be a very good earner short term, shame about the spread though.
guys dont get so exciting, its clear to see that consolidation has occurred.
jump over to MTA board and read back, any questions then take it from there.
check the MTA board out, some seasoned holders in it too, GL & see u around.
no different, I just threw more money at it. GL