Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
Hi SJ, fair enough re Ed, I’m just really worried about the state of the sp and the next fundraise, but I also don’t yet feel safe in Ed’s hands, after his first six months.
We know that we are awaiting this Appeal result, but really, Ed has done very little, except visit the other two projects (as he has with Kal) to promote those projects and drive value there. It doesn’t look as if he will be doing so, or is bothered perhaps to do so, before the next fundraise. He hasn’t referred to existing shareholders, he’s taken over the reins from Kurt and kept his distance from us. On purpose.
It is obvious that the sp needs to be higher, unless a financial arrangement can be arranged without either mass dilution or penalty to BEM, and on favourable terms for us, considering our assets. On the last fundraise, with a 40% discount given to the then prevailing sp, existing holders were really shafted, unless we had spare funds.
But the sp has only gone down further since Budgie left, by a margin of roughly 30% within the six month period since.
The mystery six month review sprung on us took the biscuit, so I’m very wary of Ed, and with him not engaging via RNS after he immediately took over, I’m not keen. I can’t warm to him.
My opinion only.
Holy crap. I can’t afford to do that at all, I only just managed it last time, so will have to either sell everything and risk buying back or just hold and hope while taking getting kicked in the plums again.
I love what you’ve said there.
Night night. Rest well. x
Sooz, I love watching this. One of my faves:
https://youtu.be/C1ZL5AxmK_A?si=dJDUaFT0v8Rw0lKX
Yes. Rolling into another year for us. Doh!
How about Christian:
https://youtu.be/uOb_K4v1Kto?si=dQ18I-wuNBF3xPuh
Morny Sooz. Yes, doubt that long-termers would have sold, good point. The Spotlight lot do tend to panic though. Lol.
Positive this year is that we are still in the game. With the prize asset.
Roller, yes, we’ve had to dig for snippets of news. Not great really, but there should be much happening next year matey. We trust.
Have a decent weekend.
Hi Sooz. I agree with that, although an RNS to confirm things (not only a LinkedIn post) would have been apt, considering, as you rightly say, some people, including our shareholders, may have read the article only once, error in place.
Maybe a timely RNS would have prevented more folks from selling. I do also appreciate that some will have bought as well, but this incident with the sp should not have happened. Especially without any apology from the culprit.
Evie Friday eve.
Pmsl. We are nearly there!
The cool thing is that our next day of trading will be in the New Year, ONLY, lol, a month or so away then until the Government should have responded in the Curious Case of the Contentious Concession.
Short wait compared to this year. 😂
I agree SJ, and it speaks volumes also about the quality of us long-term shareholders who continue to support BEM, regardless of the kitchen sink often being thrown in our direction.
Roller, I agree with that re full apology.
SJ, yes, we know the truth, but we also have to keep taking these slides on the chin. Bah!
Pity the sp hasn’t recovered today. The price was concerning enough anyway, so perhaps Ed could point this out to the company whose writer published erroneous reading matter yesterday.
No comeback on the press for basic errors and/or damaging mischief othewise.
Only musing and thinking about the reaction here, but mainly over with our Swedish investors. The sp has been impacted and today it’s remained down.
Morning all.
SJ, about time!
On the day we got the RNS informing us the concession had been granted, when the sp started to tank. Lol.
I don’t think I’ve got it in me any more to panic unnecessarily Sooz. No point if there isn’t a bad RNS. Glad you managed to balance your shares up. Weird day, as you say, knee-jerks and collywobbles.
On we go!
Yes SJ. Ed probably only posted it though because you emailed him.
Well done to you. Shareholder of the Day! 😂
That’s more like it Roller. Bit of fun when we need it.