Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
Earned my green box list.
Feeling very positive. Not noticed the seller ever trade <10.50, and should be out soon enough. Imagine 3 months of ~750K-1.25M daily sells suddenly no longer there. Also not many people in profit to sell out early. That should be recipe for quick and sustained rise. Plus any contract news, vanadium price rise etc. It is going to be interesting to see if it starts before or after the end of this month. bw.
Similar observation. The first time I noted and commented on the big sells was 21/7/20. They sold 31 million shares in about 8 weeks to the report on 18/9/20. So, about 4 million per week average, or about 800K per trading day. They had 34 million left on 18/9/20 , then that would last them another 9 weeks from 18/9/20 at the same rate i.e. around 20/11/20. Again, DYOR - this could be completely wrong, or they could decide to stop early, or they could be transferring A->B and then decide to start transferring back B->A (worst case scenario, I don't believe). As we have no idea what they are thinking, there is no way to be sure. My view remains that the seller is the only reason of any relevance to the SP since July.
Positive - Fewer Duferco shares, reduced concern
Negatives - loss and loan. Agree, not big issues considering the year we are in and the future potential growth.
Mixed - Share price is so low that small-fry selling was unlikely today
Mixed - Big seller/transferrer is not apparently finished (top irritation for me), but once they hopefully stop the sp should go to a more representative level irrespective of any news.
Overall, looks like a good day considering all of that.