Member Info for fundraiser222

Drill results will reveal all, a Monday rns for the drill results looks nailed on after today’s rns saying results will be released end of April... only 4 trading days to wait for what could transform this company and make investors very rich indeed, building a big position here today

looks like the drill results will be announced on Monday 30th April as per today’s rns, it has been a while since an Aim producer released some world class drill results that are essentially derisked as they have proven they can already produce and sell at the highest grade in the world, could be a big multibagger here if the drill results suggest big numbers and a big resource

Completion of airborne magnetic survey suggests at least four large and highly prospective anomalies for a carbonatite source for Gakara's rare earth veins providing significant exploration upside potential The anomalies range in diameter from 300m to 2,700m and have modelled starting depths of 20m to 67m. Just noticed Miton are building a holding here too and they know there stuff, any figures from knowledgeable holders here to suggest the value of the higher end 2,700m diameter by 67m depth of REE at 60 percent grade?

Thanks for all the additional information here, I see now they are fully funded for the year and shouldn’t need to raise again as target production is met, fully researching this today so any additional information is appreciated, I didn’t realise the grade was so high until I saw it in the rns, that must surley be the highest grade in the world?

This bit ‘ Rainbow is now developing highly attractive additional sources of ROM ore within the Gakara Mining Licence area in order to reach its target run rate of 5,000 tonnes per annum (approximately 400 tonnes per month) by the end of 2018. These areas are now expected to be in operation in advance of Gashirwe, the originally planned second mining area, due to their vein prospectivity and speed of development. Further information on these new mining areas will be provided in the quarterly report to 30 June 2018." It is possible this little company could be sitting on something a bit special the drill results will reveal all but due to the ridiculously high grades if they have discovered a huge resource this could be something a bit special

After looking into the figures a bit more the grade is world class and the fact they have produced such high quality and sold it is impressive for first shipments. Most aim companies never reach this stage so I guess the fact they are producing is a big positive, will do some more research here throughout the day as a certain part of the rns has perked my interest

The problem is the drill results will need to be very very good now to justify a 30m mcap on those production figures in such a risky country especially when imo a placing will be needed soon, it’s a gamble on the drill results now

They have a 30m mcap and are losing money on every tonne produced, have high bod salaries and admin costs, they are a loss making and imo will require another placing very soon to cover the big losses, the results are very poor as I suggested they might be unfortunately, if the drill results are equally as poor this will drift back towards 10p imo

After all the promotion by the bod about how much profit they would be making when they got in production, it turns out they are making a 357 dollar loss for every tonne produced!! And then add on administration expenses and salaries... another placing coming here imo

Those are terrible results sorry to all holders

No the directors shares were only locked in for 12 months, that has now expired

Something is starting to stink here for sure constant buying by pi’s and institutional investors yet the price doesn’t budge, imo the 3 million shares transferred by a director to his children is being sold into the market. The shares are no longer locked in and can be sold and these transfers are usually a way for directors to sell without actually notifying they are selling, so frustrating to see the huge buy volume yet the price drops

My friend saw the presentation from George Roach and said he looked very old and unwell. He can’t accept he has failed with prem so needs an EGM imo he wouldnt even fight it he has probably had enough, vox markets even had to change their policy after his little performance a few weeks ago effectively banning him, he is definitely not flavour of the month with anyone and imo needs to do the right thing for shareholders and his health and resign ASAP

For a company in a dire financial situation like this is in. I’m amazed an EGM has not been called to remove GR but guess private investors here arnt made of the right stuff, Shame as with a new BOD and CEO it has a chance imo

Could be perfect timing, they are either holding it here until Schroder have finished their buying or until the seller finishes there last few off but the spread tells you all you need to know imo they are nearly offering more on the bid than the ask! Big buyer at work atm exoect to see another holdings rns today or tomorrow. Once this is let go it will fly

Upgs will be very fun to watch soon stew, looks like the seller is nearly out! Then it will be fireworks with only 28 percent of shares available!

Agree it is primed with two short term catalysts, either blackrock fully clear which looks imminent as Schroder have been buying shares thick and fast, or the 30th April update is more positive for 2019 orders. Either of these will start the recovery back to 60-80p, both at around the same time could see some huge gains, this was over 200p only 8 months ago, completely off the radar but maybe not for much longer... def onto a winner here

Wouldn’t be surprised to see Schroder increase aggressively again this week before company update on 30th April. They have been in business over 200 years they certainly know their stuff, and they are buying as many upgs as they can even more so over the last couple of weeks

Agree it’s been coming for a while, if that 350k trade on Friday was the final clearance this will pop next week in a big way with the tiny free float and full trading update due on 30th April. A positive forward looking statement on the 30th could easily push this back towards 100p very quickly indeed

Agree and Schroder are no mugs they have been increasing their holding substantially and now own 15 percent, And with the bod owning half the company you can bet they are pulling out all the stops to make H2 2018 and 2019 stellar trading periods to get the share price at least back to the ipo price last year of 128p. Very excited about this one ridiculously undervalued