Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
bobm, you fail to mention that three candidates who were eliminated in round one have pledged their 2 million votes to Pavel in round two. Which in turn gives Pavel a huge advantage.
https://www.theguardian.com/world/2023/jan/15/czech-presidential-election-babis-likens-rival-putin-first-round-defeat
if you believe (like me) that this project will eventually proceed. I thought my average a year ago (at 3.6p) was pretty dammed good, but recent months I've been able to average down even more. Keep it up markets....love it.
It seems this is all down to one single call (EIA), and if you believe this will happen....then what a steal....GLA
Aye OK it is a monster machine and will produce MONSTER production. Back of *** packet calcs gives a 5.8 fold increase in production from 2021 (113kg platinum concentrate) and a 3.3 fold increase on this years production. Now that is some progress in its own right achieved in under a year.
I must admit was pleased with the first read of the RNS this morning, and on reflection I am even more pleased now...GLA
Good observation starf. What's the point of higher education training / teaching if there is not jobs at the end of it. And these courses no doubt will not be a few weeks duration, more like a few years , which would tie in with the timeline for the first (hopefully of many) lithium mines.
O ye of little faith tsiblis. My opinion, the deadline was originally so tight, that it must have already been a 'done deal'. Why else would they have RNS'd it, nothing to gain otherwise. Announcement coming ....GLA
And as we have no formal ties via offtake or any other commitment to third parties (shareholdings etc), our destiny is in our own hands. We should be in an ideal position, to advance the project to production after EIA approval. My only worry with such a low share price, is that someone will come in with a low-ball offer as was the case with BCN.
On the upside is the large holding of current (and previous) Directors and the fact that our largest individual shareholder, AL MARJAN LTD (AML) purchased the majority of their holdings around the 2p mark. Surely there is no way either will sacrifice big future paydays for short term gain. In particular AML have been a long term investor and supporter (from 2015) and could have doubled their initial investments when SAV was over 4p. But they didn't, which gives the impression they would not entertain any low ball offer and would only consider decent multiples of the current SP. And of course, Directors are human, so surely they like us would want to maximize their profit (and reputation) by either a windfall sale or even better taking this to production..... GLA
Skelly85, to clarify my train of thought - Czech was only shortlisted by VW, and if they were informed there was no LI available, a good reason to re-assess. And yes I did mean it was EMH that had finalised their plans, but with a caveat that contracts were being reviewed / assessed internally prior to release. For me, the timing of the VW decision to delay is significant, and the reasons they have given (energy price) is a bit thin considering they have previously announced EU factories? In addition, it just feels right.... ;-)
Anyway, conjecture all in my opinion....GLA
Just maybe VW realized, or were informed there was no Cinovec LI for them....just maybe the resultant change of plan. All good for me as this would indicate plans are made, contracts finalised, and endvgame reviews circulating....GLA
LTH's post on this board. Most are gamers that are ramping, deramping, buying, selling for a few pennies here and there. Or else just weirdo's that think they are operating in the real world....lol
Me, I'm happy to hold a coupe of hundred thousand shares until the end game, whatever that might be. I made my choice based on fundamentals (without a war), those haven't changed. No war goes on forever, and if the basics are the same, then I'll still be here to benefit. If you are not happy with the progress of your investment, don't you just sell up and move on? Anyone on here whinging day in day out cannot be a current shareholder without an agenda, otherwise they would just move on, wouldn't they?
wasar, to be honest, unless the individuals intention is just to play the game, the short term SP is neither here not there. My opinion, you make an investment choice, set your position, and wait on your plan coming to fruition. And if you are lucky enough (and still feel confident in your choice), take advantage of the dips. If you don't like what you see at any point, move on.....quite simple really.
So sorry for your situation army, I went over the top on a single 'punt' a few years ago and still playing catch up now. The company was 'acquired' as they call it, and all previous 25k shareholders were dumped. And to make matters worse, one of the perpetrators of this steal was the home Government of this company.
While I sympathies, I do not see what choice the BOD have to be honest. They not only want the best for their shareholders, but also the best for themselves. If this means closing up shop until the war has been resolved, then so be it in my book. Rather that than loosing the lot, like what previously happened to me. If it just means a longer timescale, then we've just got to live with it, or get out (with losses for a lot of us).