Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
Double. They don’t even have a dead project to think about this time. They have announced no less than 7 projects in the pipeline and obviously the pipeline sprung a leak. I think I will go down to the pub and drown my sorrows until the Board of Duds declare bankruptcy and blame everyone but themselves. Don’t think I will have to stay in the pub very long
Don’t think they can do another raise. They had a plan and a good one we thought but couldn’t close any of them. They consolidated the stock as window dressing so they could raise more funds which they did. With this fiasco, they don’t have any friends left, they are now half of what they last raised at so those investors are pissed. Who in their right minds would give money to the board of Duds so they can invest it wisely. Just not going to happen. Bet you a bob that they file for receivership within months after Coulter is a dry hole.
Doubleup. Lessons learned of course. Don’t blame Indonesia, plenty of companies do well there but not companies who have no grasp of the country or the process. Sheer arrogance in play here. The Board of Duds have shown their ignorance and incompetence. How can SIMON expect to run a company in indinesia when he spends all his time in London. Might add lazy to the list of his traits.
Boom. You are a true gentleman for not losing your composure like we have all lost a fortune. You are a better man than I. We were the biggest supporters of the Board of Duds, spent hours researching and trusted what Simon was saying. Bet the Board of Duds are scrambling around tonight trying to do a deal which will be a deal of desperation. Wait for another podcast from Simon trying another spin from their PR person. Aka BMDs girlfriend. Mmmm wonder how he knows what’s going so quickly. These guys make Donald Trump look like a Boy Scout
Don’t agree actually. Don’t think they were funding a lifestyle, I just think they are totally incompetent. And what about Rob Arnott, lots of talk and no action, wish he would have stayed st Hurricane. Wonder if they are still arguing over the disgraceful way he left that company. Did a Trump by blabbing about the company in the media. Is there a circus in town that needs some clowns? ADL has a bunch. Do I sound pissed? Yes indeed. I am pissed, feel betrayed and manipulated by the Board of Duds.
Well all. After months and months this is the outcome. Suggest that Simon has shown his true incompetence and the rest of the board executives have shown they really truly do not know what they are doing. Warner the lawyer, useless, Dan worked as an auditor before this gig and Simon is a projects guy. No wonder these buffoons can’t close a deal. They never have. What happened to the SIEMENS JV, The Pertamina agreement and on an on. This company is now dead like disco. Haven’t done anything and don’t have the funds to do anything. They are placing the future on the drill bit at Coulter. Dangerous strategy. 58% Cos which translates into a 42% chance of bankruptcy. Sorry all. Nonpatience for gross incompetence. FB
Thanks. Just saw it. Had an old guys moment I guess FB
Anybody know why ADL has not released the spud news? Mmmmm FB
Hi Mike. Best investment you will ever make. AIM is a place where no one believes what CEOs ever say so when someone like Simon comes along he is painted like all the others. Fair enough given the AIM casino. However we know that Colter will spud and we know there will be an asset acquired or two in Indonesia. We know that and twitter does not. Wait until twitter discovers this stock. FB
Good point. Of course everything is out in the open. I wasn’t insinuating anything nefarious however they have so many irons in the fire. I probably should have said something that we may have forgotten about from the past. FB
Hi all. I have been sitting and watching the trades etc and figure something new is ready to drop. CEO buys in market, the rest of the board hasn’t but our trusted CEO has. The trades have been controlled by the MM, why would he do that? Two huge trades on Friday, biggest buys in over a year. We all know that AIM leaks like a sieve so let’s assume something new is brewing and some know. If it was bad, the MM would be dumping. If it is good, then the MM is growing a position to make a huge profit. My conclusion. It is something new, something soon,and something interesting. Just random thoughts to share, anyone agree? FB
Peel and the other MM have only one thing in mind and that is to make money and not a market. They play with the spreads to shake the trees and play with our hearts and minds trying to understand them. It is simple, they are in control. FB
Jace. You have been around enough to know not to believe the drivel that those bloggers write. No industry player would waste his time writing that garbage or reading it. Tired of those manipulating b$&stards. FB
Hi Jace. Good news indeed. How did you find it? Great find. FB
Hi all. We are very fortunte to have a CEO like Simon. His job is to bring opportunities to the company. I think he has a great team in Indonesia and with Jossy on the team, the opportunities will continue to come. Well done Simon. FB PS. He bought stock because he believes in himself, his team and the company’s future. Leading from the front.
Yes of course will need some paperwork but when the a big wig like the Vice Minister announces it, the decision is made save some paperwork. Can you feel it? The hairs on the back of my neck are starting to tingle. Enjoy. FB
Hi all. Great RNS as expected after the Vice Minister issued a press release. We just got a valuable asset for peanuts. Unbelievable ! I liked the relationship with Jossy and his crew which is important in doing business in Asia. A strong local partner and I feel our partners are as good as it gets. Well done ADL, good job. FB
Thanks Finn. I would say we will hear something this week. They may be obligated to disclose or that idiot BMD who has a bromance going with Jossy, will go on a tirade
Don’t really understand the disclosure rules but it would seem to me that an announcement by the Vice Minister of Energy regarding a block we have announced we are pursuing is a pretty big thing and even if it is not completed it is definitely in the public domain. So the ADL family on this board actually knows more then that rest of the investors. Mmmm BTSOOM. DYOR. FB
Boom. I reread the ADL rns where they stated the lease extension was the only thing they needed to finalize. I think Simon is obligated to announce something but don’t know the rules. Maybe someone else knows more than me