Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
On company's website only three projects has been mentioned, company has stakes in two projects in UK which are worthless due to fracking/drilling ban in UK.But only mentions ownership of technical report and no percentage ownership is mentioned.
Hahaha and ITS got suspended and it aint coming back.So who was right about it?
Going through last financial report total worth of company's assets was £109k and that included cash balance as well.Yes a whooping £109k and someone was willing to pay 140 millions for these assets which BOD thought was too low.Sometimes you have got to love mug punters.
Funny thing is speculation was driving it up in first place, it has no asset .Usual suspects on twitter saw "potential " and decided to spin few fancy fairytales here and there and next thing you know mug punters jumped on bandwagon.This Bid was 100% scam and BOD should have bitten bidder's hand off as they clearly knew that there was no asset and all this company has is 20% stake in company that owns a technical report.FCA needs to step in as these twitterati would kill aim for good.EUA tried it first when they released a RNS in 2019 that a company is interested in buying their asset and can pay up to 1.2 billion.Mug punters went crazy and started buying Eurasia shares like crazy.Company raised 45 millions on the back of ut and four years later company still has that asset and buyer is nowhere to be seen.Some mug punters are nursing 98% losses there.Herd would have moved on but got a little bit greedy this time and decided to dump waarants on mug punters too.
Some research on it and funnily enough this company does not even own the asset.It owns 20% of company which has technical report.From there it was pumped hard on nothing but hot air.Eurasia mining was first company to get away with this where mug punters lost half a billion.But I have got to say they orchestated a professional "p&d"
Have some shame now Neil and apoligise to anyone you tried to lure in through your "ITS style" bs.
Go through Neil's history and that is what his trading style is.Basically you will expect him to find on any bb where company states that it is bust and there is no value left for shareholders and next thing you know Neil is on it trying to "its" it.
Lol Neil, why are you crying now then.You took a gamble and it did not pay off
What empathy? Company did say no value left yesterday and you decided to take a gamble based on "bigger fool theory".So why would anyone feel sorry for you when you lost in gambling.
Lost his shirt on this one.I wish we can have more shares like sfe so that I can see Neil crying.
Why are you crying like a baby now then Neil, "I am done with aim bla bla".You took a gamble and hoped it would do "ITS" it did "its" and got suspended
Notorious "p&d" merchants have got caught in it, serves them right.
We had NMS healthcare not so long ago, a ftse darling which was nothing but a fraud and only got exposed when a famous shorter opened a short and released "research paper" on it.Turned out it was used as a piggy bank by BR Shetty and partners.It was multi billion fraud and noone got punished for it.
Are trying to trade it while comoeting against big boys.I suspect we have an institutional seller and it does not end there as investors were misled. Market wants to see cash before puting any value on it.