Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
Devil. So the completion of the concentrator is not good news. The only problem with that view is that the share will not .44p at that point. Would you not agree.?
Devil / Jaf. Do you think the concentrator will be completed next week. If it is will you consider that good news. ?
Jaf. Of course it matters. You like to sell a lot lower as l recall.
Yes l do .
The bid has not changed all day. .423p. It’s a very good buy for someone.
Try and sell 4.5 million and see the price offered.
It’s a buy.
I think only one of the last 6 trades is a sell.
4.5 million. Buy or sell. ?
I think it’s important to understand why the share price is at its current level. I personally believe constant production will be the turning point here . 20T of production was implied several months ago, initially years ago.
What l am saying is we have virtually no income from sales to date.
Therefore how can we assume we have income of 250000 Euro s. We don’t. So we can’t rule out cash calls.
Do we have confirmed income from sales. Or K3 are you assuming. Masterman stated 20 T of concentrate in his last interview, l read it as production was only just starting.
Obviously we need reasonable production, until then cash calls are always on the cards. That’s why some production is so important.
What l find encouraging is that most posters believe this will be successful in the long run. Let’s hope so.
I’m not too bothered about July fiqures. Are we going to be a mid tier miner in 5 years. I think with a bit of luck we will be, and along that road is a major miner going to take an interest in us. I very much hope so.
Devils position changes daily, last statement he made was he was waiting for a .5p exit. But who knows that was a month ago. Is he a trader or just a wind up merchant. Who knows ,who cares.
Safety. You can’t say some of us are impatient. I never knew l had so much patience.
It’s not that hard to determine what’s a buy or sell in 95 percent of trades.
This new format is dreadful.