RE: Blue day ahead11 Dec 2020 14:07
Hi Grant, with respect, the placing shares would have been forward sold and the impact would have been seen before last week's announcement. The fact that this didnt happen adds credibility to our CEOs words about shares going to sticky investors.
With further respect, you share the same view as the market which currently cant get their heads around RBW:
1) Burundi is an extraordinary asset, which keeps getting better; how on earth do RBW have it?
2) The Palabora deal is extraordinary, how on earth did George Bennet land that?
3) Your 16p average will be dust in the next few months (and here I commit to donate £10,000 pounds to a charity of your choice (within reason- keep it sensible) if this is not the case).
4) Watch Zim.
There's a global revolution happening. When you look at US & EU policy (and foreign policy), the pace of transition from fossil fuels to greener alternatives is at more than a gallop! Then the story develops with China holding 85-90% of the key metals. We see gas playing an important role, of course, for electricity generation and industry in the next 2 or even 3 decades, but for other technologies, like the much vaunted electric car revolution, current technology requires certain lanthanide metals which RBW has in bucket loads! It really is as simple as a text book supply and demand thing, like pepper in 12th century London.
As I say, the market is slowly waking up to this, cautiously - there aren't many of us. It's a few levels down the cognitive chain, but folks are beginning to consider whether mines in the US and Australia can meet the demand, and understanding that alternative sources of these metals are critical to meet supply. Then they turn their heads towards China, and realise that the current monopoly that China has is... uncomfortable.
End of.
Am I on a green crusade? Yes, because I have a young child, but that said, we also invest in gas.
Last thing, Rainbow is looking at changing their name. Why, because it's a bit cr4p isn't it!?
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