Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
Hmmm.... bad news compared to what was expected......but not the end of the world. For those wanting to make fast money, feels like worse news. For LTH's ..... feels like another year before we reach the excitement levels that were experienced at the beginning of the year....frustrating as my shares are locked up for longer.....but then again, its not like this is a new experience where this company is concerned despite the change in personel....such a shame...I hope I'm wrong and there's some positive news soon.....but i won't hold my breath.
For those holding like me...GLA
Morning Siennaj - I think we are in the same mindset which is reassuring for me. I am holding on for 1.2p before I allow myself to start offloading as I have a couple of investments I want to get in on but no funds to do it..... fingers crossed I don't miss the boat. :^)
I firmly believe (even if that is guided by desperate hope) that something significant will happen this year ..... could be good or bad.... but something nevertheless.
I am already preparing myself for no production this year based on the delays but would love to be wrong of course.I Will continue to keep the faith regardless of how blind that faith is .
GLA
I wish the new BOD hadn't been so enthusiastic and efficient with their initial communications now, as they set our expectations very high. This silence feels so much worse now.
I just have to remind myself of the old BOD and then everything seems no different to the last several years.
But no bad news so thats a positive.....just be nice to have some news.
GLA... cant be long now surely.......
Derry - you are far more patient than I :)
And on the subject of my lack of patience - does anyone feel confident enough to hazard an educated guess as to how many of the 'several' weeks we have left before the news we are waiting/hoping for?
The suspense is unbearable :^)
Thought I had better make a cup of coffee to get through the 37 messages on the board today as it could be a long one.
But when I clicked the link , most of the messages were just green boxes so plenty of java left :^) - to those that weren't green boxes ..... thank you for your thoughts and insights as always..... much appreciated.
Hope springs eternal ... GLA
Nice to see the LTH's still here and keeping the faith :) - I would love for this RNS to come very soon (mainly cos I need to sell a few for a new car) but if it drags on a bit longer it has to be well worth the wait - especially when you consider the long list of potential news coming compared to where we were a few years ago.
GLA and fingers crossed good news soon !
Good to see that the SP reflects the full share allocation now (1.3 billion shares as opposed to the 900 million) so no SP surprises to come on that front. Maybe that was one of the reasons for yesterdays drop ?
Not sure if there are any more shares to be allocated or if that is all 3 allocations for the new investor ... anyone know?
Does anyone have any experience/knowledge of how long it would take (worst case scenario) to get results of the drilling please?
This is starting to feel like Burwell all over again and I don't want to put myself through that again so a realistic rather than optimistic opinion would be appreciated.
Thanks Edgein - but is the placing price relevant in this scenario? ... at the end of the day , if the mcap is the same but the shares in issue goes up - surely thats a dilution?.
Although to be fair, it's not a great deal in comparison to the potential for news soon... just thought it was strange to be buying today and not after the placing.