Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
After today, there are just 7 working days before March 31st, the day by which we have been told by the company in no uncertain terms they will have the received the MAPA certification and once they have, sales orders will follow suit in short order. Take your positions soon.
Especially on a Monday morning. Panic over - almost nothing traded for over an hour now. The SP will gap up and focus on the actual fundamentals of the business soon enough. Good buying opportunity again! We need to see the MAPA (very bored of the wait now...) and get on with the real business.
Patience just needed for a few weeks now I reckon and the MAPA will have been received and we will know a lot more about the sales orders. Of course, that could all start as early as tomorrow and we may only be days away from understanding the MAPA dependent sales orders. Who'd bail now?! I for one bought more last week. GLA
It looks like this will be one of those frustrating days where sales appear to match buys yet the MMs walk the price down ready for the next tranche of buying as the company inevitably moves forward over the next few weeks/months.