The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
Just what I said yesterday
I am still thinking £4 anchor with dips to 394
Sorry anchored to £4.
I suspect this is the trading programmed and automatically anchored to 34. May go to 394 but should level over time until next news release.
14.30 and New York joins the buying party
The share price was anchored just above 300p (300 - 320) from mid Dec23 to mid Feb. Every time it tried to break out it got pulled back again, then it took off to 400 where it now appears to be anchoring for a while again. Staged growth imo.
The volume is so low that it is easy for someone to lower the share price by selling down in small amounts.
I expect the price to continue falling slowly until the next big news event and a ramp up in price. I have been invested in RBW over 4 years and have seen ups and downs from 1.8p to over 20p and have bought at both levels.
For me it is just part of the journey to the big rise, which has been a long journey but, hopefully not so far away.
In my experience Share prices are driven by sentiment and rumour for short term changes and; facts, validation and risk assessment and management for more solid longer term growth, ... aside from financial investment firm strategies.
The Phalaborwa project has just had a massive endorsement from the US government following their due diligence and this seems to tick boxes for both. No big movements or trades seem to have resulted.
I looked into K-Tech but only found a company website which is in serious need of updating and revealing very little. I did not find any listing for K-Tech and gained the impression that they are a small privately owned company - website (old) suggests 50 employees?
While I know big efforts are being made by George et al to gain attention, have we been passed by and not visible as the main holder of the asset, at least in the US?
Are investors aware and sitting waiting for the RE oxide processing evidence?
Any thoughts on this?
5th September RNS said:
"We look forward to our final de-risking step, producing separated rare earth oxides in early Q4 2023 at the back-end pilot plant situated at K-Tech's facilities in the USA. This will enable Rainbow to capture the full uplift in value by taking our product all the way through to separated rare earth oxides, with the overall positive impact on the Company's future revenue streams and profitability."
This must be due very soon?
My speculation - Volatility to push share price down easily with relatively low volume, before good news? Watch out for loading at the close or posted after the close. I bought in at 11.875
Shares seem to be moving today?
Listing in US then?
There will be a difference where Rainbow has ownership of the product and where Rainbow provides production services as an added value support. Not clear about contracts/services in various locations other than Phalaborwa, which is owned product and full value, as I understand.
Just now I think it is all about Phalaborwa. Any clarifications?
There you go. It was just end of month profit takers. This is evidenced by the substantial buy back in the post market close buys that were listed yesterday. Rolls Royce is such a unique company valuable to the UK way beyond its share price for the cutting edge technology it delivers. My expectations are for a medium to longer term steady rise. We had a nice blip of a rise when the recent news came out but I would not expect any short term very large rises. Slow and steady is the way for RR.
This the last day of the month so I expect this is all about traders taking profits in an easy place after such a big rise.
Onward and upward in August and the coming months.
Agree. I read the rhetoric but it makes no difference to me. Long term holder since 2019 (at very cheap single pence) and believing in a lot more to come.
Yes it's about the margin between low buy and high sell but not necessarily about raising the share price.
Communications seem to indicate that the/a pilot plant build is progressing well and commissioning should commence in Q2 (April - June in my book). It would be good to see some photos of the build displayed and evidence of such progress.
Does anyone know the expected throughput of the pilot plant and expected revenue?
I would have thought that commissioning of this plant could be a major watershed moment in improving confidence in what is to come.
So does anyone know if the higher volume in number of trades in the last two weeks was down to this transfer, or would the shares not need to be traded to go to the new Nominee?
Interesting to see the higher volume of small trades continuing and the SP going up slow and steadily.
The minimum trade fee advertised on the LSE platform is £3.99 per trade. Is there another deal which allows you to trade a small volume of shares over 100 trades for less than £399? Perhaps this cost is eclipsed if the SP moves up enough.