Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
I for one, do not think we will get a quarterly update yet.
As we are so close to the end of year (end of June), it would be sensible for them to update us end of July, start of Aug. This will allow them to tie the updates in with the financial year. Just makes sense.
With the price of energy going sky high, surely Verditek should be snowed under with orders now?
It does add up. I keep saying it, lots of smaller orders are far better than one big order. Eventually you reach break even and then every small sale drops to the bottom line. Been there done it and it works.
I'm happier with Verditek today than I have been for over 12 months.
RR's previous role was with Siemens, so he is used to dealing with the big boys
the numbers were from 12th so have recalculated using this date
Oct 31 £14,000.00 6000 6000 2.333333333 0.075268817
Nov 12 £9,032.26 4000 10000 0.075268817
Nov 31 £47,444.44 10333.33333 20333.33333 0.075268817
Dec 31 £61,444.44 6000 26333.33333 0.075268817
Jan 31 £75,444.44 6000 32333.33333 0.075268817
Feb 28 £80,788.53 6000 38333.33333 0.075268817
Mar 31 £103,444.44 6000 44333.33333 0.075268817
If you use the numbers they have given and a fixed increase of 6,000 per month but maintain the income rate as is, this is what you get.. you can see why they are getting so excited. And, this is just monthly for Argentina
Cumulative Per Cust Per Day
Oct 31 £14,000.00 6000 6000 2.333333333 0.075268817
Nov 18 £13,548.39 4000 10000 0.075268817
Nov 31 £39,407.41 6888.888889 16888.88889 0.075268817
Dec 31 £53,407.41 6000 22888.88889 0.075268817
Jan 31 £67,407.41 6000 28888.88889 0.075268817
Feb 28 £73,529.27 6000 34888.88889 0.075268817
Mar 31 £95,407.41 6000 40888.88889 0.075268817
Slowly, slowly creeping up?
DJ99 - All I know is that they are saying the minimum they can. When you have TW twisting every word you say, you have to be careful.
When in doubt, say nowt.
https://www.pv-magazine.com/2021/11/02/flexible-bipv-panel-with-410-w-output-from-italy/
Upside - This is the wording from the RNS, I cannot see where it says the conversion would be at MOS's discretion. Maybe its staring me in the face but cannot see it.
The Loan, which accrues interest at 5% per annum until repayment or conversion, and which is redeemable on 31 December 2022, can be converted into Ordinary Shares in QMGH ("Ordinary Shares") earlier on the following agreed basis: at a price per Ordinary Share being the lower of a) GBP0.07 per Ordinary Share, b) the price any other Ordinary Shares are issued prior to conversion or c) a discount of 20% to the valuation of the Ordinary Shares in connection with Admission to AIM or any other regulated market or on change of control of QMGH .