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There was a Trading Update on 28th August last year so if we stick to the same timeframe, I am expecting an RNS towards end of next week. Hopefully will say we are in profit on a monthly basis due to the significant increase in 'NdPr' prices over the last few weeks, also helped by the new 'Dumper Trucks.'
China Rare Earth Equities continue to rise as China set to announce output quotas for the mines'. The price of NdPr is also rising again. See today's 'Morning View' from broker SP Angel which can be found for free at V O X M A R K E T S. If we get a good 'JORC', today's share price will look like a bargain.
Chinese Rare Earth equities 'Limit Up' today due to the large amounts of stimulus around the world being directed to wind turbines which use large quantities of Rare Earth Metals. See SP Angel's Morning View at V O X M A R K E T S.
I stand corrected. Looks like the Rules have recently been changed due to the Pandemic. Lots of people are not aware of this even possibly S H A R E P R O P H E T S who put out their 'buy ' tip on Creighton's assuming they will stick to their past years' results schedule.
Does anyone have any other ideas or know different?
Thanks.
The results have to come out tomorrow or the shares get suspended. Fully listed companies on the LSE have a maximum limit of 3 calendar months to bring out their annual results after the ending of their financial year which in Creighton's case is 31st. March. The 3 months' limit brings us to 30th. June. Long term shareholders of Creighton's will know this is nothing new for them!
All I know from an educated guess is that £6m is far too low and that George Bennett, the Chief Executive would probably 'not get out of bed' to run a company so small unless there was considerable upside potential. Check out his C.V.
Shares fell yesterday as investors were expecting confirmation of operating break-even and confirmation of World-Class mining resource.
The break-even has been delayed a few months as the trucks/bulldozer didn't arrive till January/March 2020 instead of September/October 2019 as discussed on these bulletin boards.
The confirmation of the World-Class Resource has been put back a month as more analysis is carried out, however Management are still reiterating their confidence in this outcome. If this comes to pass the shares will rerate and find their true value.
We now have a situation where the Company's valuation of £6m is not much more than the price of 2 flats in London's Chelsea, and the Directors' are confident we are sitting on a world-class resource.
DYOR.