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It doesn’t look as though Anglo are going to ride to the rescue this time seeing as they need the money in 30 days.

China accounts for 75% of global rare-earth production and 95% of refining and processing. Rare-earth metals are key components of wind turbines and electric cars.
The West is keen to reduce its reliance on China and
Rainbow Rare Earths is a
rare non-Chinese player in
the sector. It is on track to become one of the largest producers outside China. A major project in Burundi looks promising and costs should be “relatively modest” as expensive underground drilling is not required. Analysts expect the stock to triple in two years. 13p

Article in Money week has brought in some buyers.

Tos1963
Take a look at ADVFN board for more info- very interesting

Sorry re Questor 3 duplicate

Canaccord had a price target for the stock of 98p even before the latest trading statement. While we must take brokers’ targets with some caution, especially when the company concerned is a client, it does support the view that these shares offer significant scope for recovery.

Bernstein concludes: “I think the key is that this is a fintech that is operationally cash generative and is making record revenues. With that £10m in net cash it’s also ideally positioned to be acquired.” Hold.

Canaccord had a price target for the stock of 98p even before the latest trading statement. While we must take brokers’ targets with some caution, especially when the company concerned is a client, it does support the view that these shares offer significant scope for recovery.

Bernstein concludes: “I think the key is that this is a fintech that is operationally cash generative and is making record revenues. With that £10m in net cash it’s also ideally positioned to be acquired.” Hold.

Unfortunately, while such an anomaly may offer an opportunity to anyone who buys now, at about 63p, it also reflects the serious paper loss suffered by readers who invested when we first tipped the shares in March 2019, when they stood at 97.5p.

Those savers can at least take heart from the stock’s highly undemanding valuation and a trading update it published last week, when it said it had generated revenues of £11.7m in the three months to the end of September. This was a third higher than in the previous quarter, 62pc more than in the third quarter of last year and, perhaps a more relevant comparison in view of Covid disruption, a 47pc improvement on the same quarter of 2019.

The Aim-quoted company’s broker, Canaccord Genuity, has forecast sales of £42m for the full year but “current trends indicate that this is way too low – we expect £50m”, Bernstein says.

With this kind of sales growth, and that important expectation that it will translate into earnings growth, why are the shares so cheaply valued? It looks like another case of investors being once bitten, twice shy: they were burnt by a poorly communicated profits warning just before the pandemic began – a profits warning that, in Bernstein’s view, reflected an earlier culture of aggressive accounting, not helped by the fact that at that time the finance chief did not sit on the board. That has now changed and the new chief financial officer, Richard Cooper, “is doing an excellent job”, he says.

The company was of course hardly helped by lockdown, when travel bans led to a slump in demand for foreign currency, and investors may worry that winter will bring a repeat.

Many technology companies trade at such vertiginous multiples of earnings that analysts prefer to value them in relation to sales instead, so that the number sounds less alarming. There’s no need in the case of Equals, however: shares in the tech-enabled currency exchange company trade at just 12 times some earnings forecasts (and a mere twice sales).

Normally such figures would suggest a stock in trouble or at least stagnating but Equals also offers, in the words of one investor, “surging top line growth”, much of which “will feed through to profits”. It has £10m in net cash on its balance sheet too. “This [combination] is a rarity in fintech and an anomaly,” says the investor, Richard Bernstein, manager of the Crystal Amber investment trust.

Think you are wrong Dartron Anglo hold 15.1%.

What we need now is for more of them to show confidence.

Pleased to see a 100k Director buy.

Financial statements for 6 month and 3 months to 30 th June 2021

https://www.sedar.com/GetFile.do?lang=EN&docClass=5&issuerNo=00023296&issuerType=03&projectNo=03262097&docId=5023057

Market was hoping that today’s news would include Commercial production achieved. Still some way off with production missing 800 t per day. Difficult to read how SP will react but will get a better idea when Canadian market opens.

PWarning
Plenty of subtle hints that things are not ok with PUR which suggests you have either sold an looking for a cheaper entry price or you are shorting. Don’t expect any announcement re Commercial production until mid July. If no news before end of July then you can start to worry.

I get MoneyWeek online but it is not available yet- normally available on Thursday. Are you sure that you are quoting from current edition or one from 2 months ago.

Lasata
MoneyWeek is not out today. How did you get that snippet?

Was tipped in moneyweek

Up 6% in Canada

https://www.youtube.com/watch?v=K7laRsmotpQ