Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
There must be a big buyer in the background who the MM's know is willing to mop up all these sells. Some stake building going on otherwise the MMs would drop the bid at the sign of any selling.
Good news for existing share holders. Who is the buyer?
Not the highest daily close ever. Just over a year ago this was above 2p for quite a while. It closed above 2.4p for a few days too. The potential here is just massive. The bonfire here is enormous, all the wood has been collected we are just waiting for that spark. If it comes this could well be the best stock you ever owned. I have been here 5 years and didn't sell any when it fell from 2.4p to 1.6p gradually or when the crash came this time last year.
Most of my stock was bought years ago so when it went to 0.6p I was still ahead marginally. There are too many short termers around who gain their few hunderd pounds here and there. If the news is good and we hit 3p I won't be selling either as this stock has such a long way to go.
Rome wasn't built in a day. My plan is to offload a few as we go, but if, and its a massive if, I will still have a good few left at 20p, 30p and 50p. Obviously plans change but you have to have a strategy. GGP is my largest holding now but its one of 15 stocks but it's now the one that excites me most.
Who knows what will happen over the next few days, weeks and months but there seems so much to back this stock up
A few hedging their bet which is understandable. I have 2.5 Million. The logical thing would be to sell 500,000 then if they fall on news I have cash to buy more because the long term prospects here are just beyond believe. However the markets react in strange ways and so do MMs. It sometimes pays to go against the trend when you can.
I can't be arsed selling though as Im in for the long haul. This stock could turn gymboy into a playboy.
The point is the vast majority are not 7am as with most releases from companies. I stand corrected as most are between 9am and 11 am. From past releases I suspect we will see a similar pattern in future, not sure why if anyone would care to share there thoughts.
I wonder what he is going to do with all that money he has been earning. A board takeover perhaps, would it be possible for him to do that. EDL will be peanuts soon
A deliberate strategy to walk this down. I wonder who will buy this when it loses its aim status. Doesn't take Einstein to work out whats happening here. EDL is about to take off after years of problems and the SP is down. Selling coal with more to come on stream. I wonder who will be the benefit of the SP demise. Should be able to pick EDL for next to nothing yet some have earned big on the back of investors money. Smelling a real rat here.
This is a risk but a risk it seems well worth taking to me at the moment. Loaded up and happy to wait for this to play out. We could be anywhere between 0.5p and 20p depending on the twists and turns over the next few months.
Just bought into ROCK can't believe the same has happened over there as here. SP dropped from 2.2p to 1.35p to place 30,000, 000 shares and raise £405,000
RNS just dropped and this new will sink in over the next 24 hours. I feel i'm now in two stocks in a very similar position with Greatland further along. Market Cap of £2.2 Million leaves lots of upside.
Good luck to all long term holders. For now the MM's are manipulating the stock but they wont be able to soon.
Couldn't resist as I think this is as low as the SP gets with the news flow to follow. The MMs and everybody on the inside knew about the placement or had a good idea. It is now out of the way and we have cash in the bank. So my 2 million shares are now 21666200 as I just could resist. Call me mad i know