Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
Owl you have misunderstood Phulbari.
He basically said Bangladesh government does not always act logically.
Regardless of where you pick to invest, you control the government Bangladesh's decisions.
Ilogical or logical.
Very true horse one, but those kilns could be powered by renewables.Problem is, renewables are just not cheap enough yet.
But yes, fair one, one of their main exports is something that produces a shed load of pollution.
This is definitely a stumbling block.
Bangladesh was the worlds polluted country last year.
https://ibb.co/cwF8mLM
If they start agreeing to ever more coal mines, there's no doubt that the world climate change bodies will not be happy.
That said, the irony is that it would actually work out better for the environment, as there would be very little emissions owing to logistics, compared to importing coal from other countries.
Another scenario out of James's head.
Let us say that the government have agreed to go forth with the open pit mine.
How then do we think the profits will be split?
Given current stake holders are;
Do Power China own any GCM shares?
GCM. ?
Power China. ?
Bang Gov. ?
GCM would share their cut out acordingly, I assume
Gcm Stake holders ;
Polo resources 17.8 %
Dyani. 12 %
Infratech. 4.2
I know the SP would rise and everyone here would be long gone i.e. no one really cares who gets what.
But this is another interesting angle on the whole situation.
@Searcher, all fair comments.
It's coming down to line for everyone it seems.
I will pick up some more shares after the placing.
If the Government does give the go ahead, then you will get investors falling over themselves wanting a piece.
'Wise Owl' you're turning into a bit of a joke with how biased you are with GCM.
GCM have a good chance, but are also against the clock with when (if at all) the mine will get approved.
The money situation is pretty much time dependent too.
You sound like a stubborn kid.
I'd agree knowbodyyouknow, around 88 seems to be the pivot of our general trading range.
The big one after that is 450, if we break those levels then I'd say we are on our way to 1000s as the momentum will gain pace and the market will accept that ASOS are nailing their projected plans.
How can people here say they liked what they've read in the RNS?
It is literally turd.
The cult leader is quiet this morning, maybe he's busy searching for penny's down the couch to send to Tang as I heard they're raising more funds as the kettles stopped working at the office.
You were right SJ.
I'm sure there will be more shorts reducing soon.
@knowbodyknows
As far as the technicals are concerned, I think we have just widened the wedge.Hopefully we can break north of it next time.
https://ibb.co/4V8GF9M
@Roberto I've doubled my life savings twice by seeking out quality companies that for whatever reason, have lost their way, Asos are going to be another.
Higher margins are inevitable on the other side of the turn around, sales?hopefully double pre-pandemic levels.The fact of the matter is, absolutely nobody can tell you what they will be.
High Inflation has destroyed the SP here and its as simple as that.External fundamentals are what has decimated this SP.
The board have realised the error their ways also.Inflation is coming down nicely and the management are making all the right noises.
That's why I'm bullish here mate.
You mean he likes a suspension when the Chinese are bending him over a great big barrel, and a Banla rep is shafting the life out of him.GCM mining licences falling out of pockets all over the floor in the process lol.
Come on boys, that was funny.
@Roberto that is all well and good, but what about the potential speedy return back to growth and progressive increase in sales feeding into the leaner business?
As far as i can see, growing businesses are not valued on their net asset value and current sales, they're valued on their forward earnings and their potential to grow into something alot bigger (especially in ASOS's case).
On the contrary,if the company shows no signs of turning the ship around,then then forward valuation will be lower than the current market cap and rightly so.
There's no doubt the SP is in the gutter (my average is circa 600) an there's alot of people who are down here.
I mentioned a 'growing' business, which is what ASOS is however, it is not a brand new business, we have the advantage of knowing the explosive upside once the sale levels return.
If you believe the business can be a success once again, then purchase a position.
If I didn't think sales could return then I would of sold well before today.