Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
Finally at long last some action. Still not sure what the BOD have been doing these last few months?? I wonder if this info has been released as a placing could be imminent. Wouldn't put it past these guys at all!!
Let's hope this goes towards long term holders finally getting some of their money back & out of here!
Clive Carver is a Director of Caspian Sunrise.
Colin Hutchinson is Financial Director of 'The Change ' based in Belfast.
https://thechange.vc/our-agents/colin-hutchinson/
This is just another AIM business promising a lot & delivering nothing while the BOD are paid handsomely! In any other sector their so called expertise would be questioned as no results have been achieved & investors just wait & wait. The share price performance should be a measurement of the BOD's success.
Finally on these message boards there are always a number of imbeciles who claim to be the same person posting endless rubbish to defend Senior Management & to keep reassuring investors that all will end well!
No wonder the vast majority lose money! No I am not shorting - I've been here for more than 5 years!!!
Very alarming situation now. We're heading into October & the 'holidays excuse' will be sounded soon. Nothing has transpired despite a so called expert BOD, technical team who have turned up nothing & apparently the best legal brains looking at the court case which again is taking an age & no progress there.
Funds are dwindling with no income...It is evident why the same individuals tout around these companies. In any other sector they would be out on their ear. Just what is happening behind the mirage!
Luvelyjubley,
I actually contacted the company directly & they conveniently came back saying that the Directors as interest in the company was in the form of options....not quite the same thing or avoiding the question! Colin Hutchinson was paid in excess of £150K per annum & his personal investment was £5k!!!
I gather Oldblue is posting - I don't see the comments now as I filtered for my sanity! I would advise not bothering to respond to whoever they are as it is more than one person. One claims to be an expert & the other can't put 2 cohesive sentences together!
I have filtered one particular individual as they obviously have an ulterior motive & the name crops up again today just giving one side of argument. I would ask though...what progress has been made in 9 months? Yes the Board are being paid handsomely & their track record speaks volumes! Why is everything taking so long? Most investors will die of old age before this company produces anything tangible!!
Agree entirely Kashdog. A look into Parsons/Dennan's other current business interests demonstrates exactly the same pattern. Same network & contacts, few updates and no tangible results. No wonder they work part time, but I wonder what they are actually working on & when will we see results. As I've said before they're not starting from scratch - we are led to believe a lot of the preparation has already been done!!
Oldblue, Forget the mumbling & answer the question - how is your investment doing??? You're a newcomer on this Forum. No - we're not shorting!! Just waiting for the BOD to show some expertise & take some action then we will happily leave you to sing their praises!!!
There is one poster on this forum who consistently posts absolute rubbish. Funnily enough every time they are challenged to back it up they conveniently ignore the post. " The current Board have achieved far more than the last. " Nearly 3/4 into year - how's everyone's investment looking???? Time to activate the filter button!!
Kashdog,
I have contacted the Director's myself and it is a disgrace that they can get away with this action. If you have not already done so it is my opinion that you should raise either directly with AST or approach a financial journalist to investigate further. In John Buggenhagen's time AST raised funds for equipment which was never purchased.
As investors how can one invest to average down if in my opinion the Director's are misleading all?
As per my previous post if you look into the background of these people they do have limited contacts i.e. Align Research, working with same individuals on previous Boards etc. Still a mystery the recruitment process they go through to secure these positions. Then they move on & the whole process starts again. Never headhunted by Footsie companies & I recognise why. The previous Board were just the same & have similar roles now.
I reiterate....exactly what are the current BOD working on? Surely if developments were taking place the market would be updated. I state once again, I am staggered that this work can be done on a part time basis?? The only beneficiaries are Management via salary.
No accountability as PI's are left in the dark!!
Antha,
I am sure you will remember Doug also who had a fortune invested in this share. In old money when share price was 2p he was advising investors to top slice when it got to 4p!!LOL. I considered him to be an expert until I learned he also invested in Ctag!!!
Meanwhile another day another dollar for the BOD...it will soon be September!!