Blencowe Resources: Aspiring to become one of the largest graphite producers in the world. Watch the video here.
https://eurasiantimes.com/the-world-must-come-together-to-stop-chinas-monopoly/
The CAPEX is £290million~ and RBW current market cap is £66million. George has said he wants* to fund the CAPEX with 70% debt and 30% equity, now equity means share dilution which of course none of us want but 30% of £290million is £87 million so george expects the company to atleast hit 16p, however ofcourse thats diluting 100% of the company, now being more realistic say 40% of the company was diluted in order to get that £87million then the company needs to be worth £217million (41p/share) for that dilution to be successful, so when i see people on here worrying about share dilution in order to fund the capex, i do wonder what the fuss is about? Of course now getting to that 217M market cap from where we are now is a different story but george seems confident. So am i wrong in thinking a x3 share price from current is not bad and a lot of us can take profits before that point and buy back in for the real money after dilution..?
Not ruling out that i could be wrong btw, very new to investing, please educate me.
Indeed, securing funding later down the line is definitely going to be more challenging now with the current climate. This stock did just become a hell of a lot cheaper for US dollar buyers though so i guess thats one positive
Holding for a year and a half on rbw now, hopefully these next few weeks we will finally start to see some progress. If the PEA gete delayed again im sure the stock price might do some interesting things.
My only worry is that even with the PEA we wont get the news coverage that allows the SP to make big leaps. I wouldnt be surprised if the PEA gets released and we see a slow trickle upwards towards christmas.
Thank u for a detailed response, u make some very good points. My position on this company will be determined in the coming months. Having held for over a year maybe more (ive lost count) im still confident on the assets and team we have at the helm of it all. Maybe ill end up buying more or selling less depending on rns’s and hopefully the long awaited PEE, and of course as you say much MUCH wider market and socioeconomic conditions
Do you see this conflict effecting rainbow in any significant way other than share price following wider markets..? Unless all out war occurs between nato and russia i see this as a benefit due to it cementing the idea that the west need a rare earth supply chain separate to china who have openly backed russia.
He said in his latest interview that covid restrictions really limited the testwork in Australian labs but now that they are mostly ending its essentially full steam ahead, so like dp said im hoping for end of march/beginning april
I think because the full PEA has not yet come out and i think we will be dribble fed these results instead of one big boom RNS so im expecting a slower but steady rise to mid 20s over the coming months. Also burundi is still shut so that is reflected in share price, however as george said there have been murmurings of that changing
https://www.**********.co.uk/articles/john-meyer-talks-about-copper-gold-plus-atlantic-lithium-bluejay-empire-metals-rainbow-rare-earths-9ba63f1