Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
When is the penny going to finally drop?
We have a company that does nothing but raise money through placings while telling the world all is hunky dorey.
This is purely a lifestyle company for the Bod and nobody will see a cent in returns.
Ocelot
All we had to do was turn on the taps.
So for you to be analyzing this to death and giving a ridiculous up-rate rings major alarm bells.
Who exactly are you ?
Ocelot,
Gas price has collapsed...as has oil, but that doesn’t concern Angus.
The asset of Saltfleetby is worth nothing as it stands.
How on earth do you value this dog at 8p ??
0.8p I would agree with you, but 8p ...fantasy island with Nicnac beckons.
Nice and steady. Solid growth. Won’t set the world alight but will do for me.
Lovely jubbly. Hopefully that’s put a brake on the decline. Nice one JP
They said significant cash flow 2020. Stick that comment in the diary for next years fund raise to abandon Balcombe. More lies I suspect to beat them with.
Does he mention father Xmas and the tooth fairy too ?
They are NOT funded for the next 12 months.
Please stop your deliberately misleading statements.
I speaketh too soon.
Any honourable Bod would have suspended their salaries too. Obviously not !
Over an hour of trading and we haven’t dropped yet...it’s a miracle I tell ya. A miracle.
If this share was a horse the vet would have been called weeks ago
Don’t know which company you are on about but it certainly isn’t this one. You sure you are on the right bb?
Never EVER believe someone who brags about the many tens of thousands they’ve made in a day trade etc. Anyone who is a serious enough trader to make that sort of money is a professional and has no reason to brag on a chat board.
Rx..like yourself, I’ve been silently watching and lurking. Nothing in the latest releases gave me cause to do star jumps.
What George actually said - and it's there in B&W in today's RNS: "Company's cash resources were presently sufficient to meet all reasonable liabilities in the forthcoming months."
What George actually means is...that’s our salaries covered. Trebles all round everyone.
Nice idea piranha but I think they have Ring fenced their salaries. They surely have to be the priority over spending money on actual operations :-((
Wow investor smart.
4-6 p sometime in the next year or so.!!
I can’t wait I’m so excited I could cream. Then I’d only be about 50% down...oh happy days.
Get a grip man
You know what makes me laugh?
Anyone who has an ounce of realism about this scenario is called a troll...jeez
You really couldn’t make this up.
Exactly gmed like everything else spouted by the Bod...evaporated into thin air if it even existed in the first place.
Can’t wait for them to just turn the taps on. 50 p next week anyone ??
Evening Percy,
Yup, totally bemused that anyone thinks this is all fine and dandy. Takes pencil and paper, lick tip of said pencil, and write in the pros and cons columns on the paper. Pros outweigh cons then you are hopefully onto something good.
Cons outweigh pros then it takes some serious thinking.
Until recently they pretty much balanced, even tipped in favour of the pros. Now...I see nothing positive in the near future, only a cash drain.
I wish it was worth my while cutting my losses but there is hardly any point.
7 Ps didn’t work this time.
Ah well
Back to the tried and tested, ground, situation, mission
No sageman, the drill did not fail. We were repeatedly led to believe all was good...water isolated, plug successfully installed, similar to HH....etc, etc, etc.
Preparations under way to flow test gives a very good indication all is well, so please explain why a mere 4 days later, with no further testing, we are suddenly not only uncommercial, but in talks with a buyer.
All in 4 days !!
We have been led up the garden path, and the gas acquisition rang major alarm bells when it was announced. That tells me loud and clear they have known for months that there were problems. Months that could have been used to get Balcombe back on track.
Hi Percy...
Yup, we’ve been played and I am getting angrier by the day. I’m happy to take risks based on known information, but when said info turns out to be lies or very economic truths, I get mad.