Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
I think we all need to calm down , it’s good to have different opinions and questions/ answers, it keeps us grounded when we too optimistic , there’s is no problem with funds as we have no debt , no bills and no Ukraine to look after , if we need more funds we just need to see our backers , Richard and co know what they’re doing and it’s probably best to ignore the share price for a week or 2 . Also the results was 2 weeks early and they never have done that before so something’s afoot .
The Group's policy is to ensure that it will always have sufficient cash to allow it to meet its liabilities when they become due. The Group finances its operations through a mix of equity and borrowings. The Group's objective is to provide funding for future growth. The Group's policies aim to ensure sufficient liquidity is available to meet foreseeable needs through the preparation of short and long term forecasts. Further disclosure of the Directors' consideration of going concern is included in note 1.
We raised Over 15 mill and our loss was over 14mill but 7.2 of this was a write off for Ukraine , was this the value of the operation meaning it was just an accounting loss and not a loss of actual physical money , so we should still have another 7 mill in bank , I hope I’m making sense here
Well over 40% of shares are held by institutions and they aren’t going nowhere also we have the backing of one of the biggest funds in USA ( the name escapes me ) they even went to newfound to look at the pellet plant with Richard Spinks, so we need no future placing and also have turned down them so the company isn’t on its knees or in trouble .
Glad that’s out of the way , I knew it was dragging the share down recently , A significant part of the loss was 7.2 mill was the dumping of the Ukrainian part , which we knew was going to have a big bearing on the results . Shame they didn’t announce the Poland super fuel results this week instead of last week :(
Really ? That’s bad then , I hope they have ordered all the necessary parts so they can build them as fast as possible . I thought I read somewhere a while back they should be operational by early 2019 , but I might be wrong , I was assuming they could of done it by my estimated date if they fast tracked it :/
its for 21st sept 2017(lumino) , ive been working out how long it takes to build a plant it was around 13 months for utah, but obviously its slower 1st time around, so the asia plants should take till no later than october 2018 to be completed and up and running .
i found the answer it is a no unfortunately ,its from around april 2017 ,http://www.auc.ab.ca/regulatory_documents/ProceedingDocuments/2017/22487-D01-2017.pdf
i dont post links and expect a nursery school reply , i wanted to know if the biomass plant powerwood is building has anything to with aeg or is it coincidence and they were already doing it before we came along ,as i cant see a date http://eralberta.ca/projects/details/forestry-waste-electrical-power-fuel-variability-minimization-la-crete-project/. so in short nope