Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
Watching closely and added on Friday. The usual drift into the close, but I believe we have a few offers on the table, as reported on Thursday. We start the week a nearly 130% up since trading restarted and no rns, so I would expect the buy orders to be filling as the BOD may just be ready to pull the rabbit out of the hat!
Pretty sure that frantic negations are ongoing - let’s see if Apollo Global Management is a player, Asfari and partners provide funding or do one of the big contracts make a significant forward payment. Also the strategic sales of non core assets will play a big factor. I held and added - should know in a week if that was stupid play.
Added another 300k let’s see
Let’s just see how it plays out.
@kShah I have been on other boards and thought I’d joint here because I do believe some good news is about to break. I hold quite a few oil sticks this one included - maybe Hitachi are strategic investors as well as partners?