Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
Agreed RBM - I am at my 2% portfolio limit for a single company share. Wish I had bought at 16p as opposed to 30p but there is nothing in the RNA to make me sell. I bought with an 18 month window. With oil at these levels, production increasing, debt being restructured and RS in the wings I believe my investment will come good. Some will trade, some will hold . Each to their own. GLA
Prior to the war we were 1.37 to $ vs 1.21 now. Oil is priced in $ as is our debt and balance sheet. Clearly where we are paying costs in local currency this is a win . But our Sp is priced in £ and our debt has increased in £. I am not sure that posters here have given thought to this in the context of our sp
I was looking at the sp recovery from its lows. We never discovered the potential buyer. I assumed they were Russian and would buy in roubles. The rouble tanked but has recovered strongly. If the deal is merely delayed as opposed to dead it helps to explain things.
I don’t think we can blame the BOD for Putin. We had a sale agreed at circa 7p. Wars don’t last forever and the mine remains a major strategic asset that will get built and used for EV’s. Frustrating to bottom drawer this but with patience I still expect to emerge with a profit but it could be a long wait. Glad it is just a small part of a diversified portfolio. GLA
Interesting interview Brockham and Balcombe to produce circa £3m per year combined is a real bonus and he mentioned prospects at Lidsey too. Given our low Mcap that extra £3m is material such that SFB isn't doing all the lifting. He was also very confident about the side track and expects gas prices to remain elevated for some while. I have said I think 5p is doable for some time - fingers crossed.
I have a rule never to hold more than 2% of my portfolio in a single stock with 90% invested in trackers. I now have my full 2% here and will not buy more but it reflects my view of the stock and its potential. The 2% rule allows me to sleep at night and be pretty rational since I can afford to lose it all. I bought in tranches with an 18 month time horizon expecting at some time to show a decent profit (b/e 30p). I wish I had bought lower but so does Art, ?? lol
Ironhide under the NDA he is not able to tell us the purchase price. Suggest you watch the interview. Interesting that we have increased our asset base by 47% and before the deal Simply wall st said we were 82% undervalued. Art believes he got us a good deal. Lots in the interview about the reserve being better than anticpated. Roll on May 16th when hopefully we will get more news.
FWIW - There are many moving parts here and there are no "experts" on this board PI's are the last to know. Traders may sound clever but it is hard to trade a share when the range is unknown and news could drop. What we do know is that CPR is expected early May with the announcement expected on the 16th. We also know that Cuda was worth more to Us than others a bit like if 2 parties hold 49% each of a company how much is 2% worth? I bought here for an 18 month hold and remain happy to see how it plays out. Simply Wall street last week said this was 82% undervalued (so more so now). The CEO thought it worth buying at 34P. At present sentiment and placings are the driver. Time will tell if fundamentals shine through. GLA
Stockbob, It is nauseating that you continue to post carp. The price of gas is closer to 200 than 400 yet you continue to post Lucans figures that were based on 400. This is something that even a simpleton can work out. If the price drops by 50% you get 50% less money for the same production. What is really annoying is that 200 in June is plenty enough for us to see a 5p SP as long as we are producing so there is no need to ramp.
Hi, I have been in GFM for 16 years and used to post on iii until it was closed. I have read a number of your posts regarding future cash flow and agree that GFM is a debt free cash cow. Following the license, increased production and commodity prices north of where they were in 2018 results next year should be stellar. It follows that the sp should be north of previous highs. The bigger question though is whether Roger and co will sell or pay dividends. The age of the bod (especially Roger) could be very important in the coming months. Time will tell.
Yes Noel but until the sidetrack goes through we will only produce 1.5 therms. That is why The period prior to the hedge becoming effective is critical. It is also why the gas price in that unhedged period is critical. In the video George used a gas price well above the current 200. DYOR
When I emailed Cathy I made it clear that I understood that companies can't pass on restricted information as such. Thus I solely requested best estimates of timelines to receive information. No guarantees of timelines just what they expected. It looks like we should know a lot more by 16th May. GLA
The thing people forget is that companies can not give out insider knowledge and ask questions that by definition can't be answered. Yesterday I asked questions and requested an RNA since the answers could not be leagally be given to me in isolation. An RNA was produced. Today I asked about timelines which are important but do not tell which way the dice will fall. I hold 1% of the company stock - not huge but perhaps enough for them to listen. If they are reading - thank you
FWIW I have had a reply from Cathy regarding timelines - she emailed having spoken first to Art, The expectaion is to receive CPR early May hopefully in time for 16/5 announcement. Cuda they expect to know in the next week or so.
We are now faced with a binary choice depending on whether you think the announcements will be good or bad. GLA
Losses are useful to offset against gains. You can't immediately rebuy the sold shares (the old bed and breakfast rules no longer apply) but you can sell and then buy into ISA's. This share is held by PI's and today is the first day of the new tax year. I think that you will find that a lot of selling post RNA and subsequent buying today will be tax related . If you have sold a BTL property with 28% CGT to pay then booking a loss on a share and then rolling to ISA makes a lot of sense.