Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
How do you make a sausage roll B1ll?
No worries wright or left.
To be honest, it’s as good a reason as any with the Aim shares lol. I’ve had some terrible tips off my mates. Yellow pages was the worst in 2007 I think...... baffles me how I invested in yellow pages in the ages of the internet lol. Had some good tips too though.
I’ve been investing for a long time Now with mixed results, but genuinely don’t feel like I know enough and don’t know how to research like some of the guys on here. My advice is ask the stupid questions, read and research as much as you can to get your own views but most importantly, set your target and don’t get greedy. 10% is a very good return - don’t chase waterfalls, in my experience they very rarely come - although the pharma sector is proving that wrong at the moment. The aim Shares generally go down a lot quicker than they go up....... I know through bitter experience. Anyway I’m starting to ramble. Good luck. Hope your investments come good for you.
Wright or left; extract from last RNS
MPL announces that it has been granted an extension to the timeline for the filing of its audited accounts for the period ending 31 December 2019 and provides an update. Whilst the audit process is nearly complete, the Company's auditors have informed the Company that the continued lockdown in India due to COVID-19 means that they have been unable to complete their work. The audit is expected to be concluded soon and certainly before the end of July.
Iron - me to. Can you go wrong with these prices and the recent RNS?
Good for you JJ - Lots of good news on its way :)
Bullish statement in last RNS - This did not need to be said but i like the fact they took the opportunity to get it in to give confidence to shareholders.
"In the meantime, the Company can confirm that there is nothing material to add to its announcement of 1 April. India continues to be impacted by COVID-19 and, whilst MPL is not immune from this, it continues to carry out work on site. As previously announced, the first phase of land required by the Tata Projects and Daewoo Engineering Joint Venture was handed over on 1 April, on schedule, with revenue generated from that date. The Company remains confident of handing over the balance of the 25 acre plot by the end of August. Despite lockdown, negotiations continue with potential end-customers of the facility and the Company is hopeful that further contracts can be announced by the end of the monsoon period in September.
Along with many Indian companies, MPL has benefitted from the current payment moratorium on principal and interest from Indian banks and the Company has been prudent in its management of cash. As at 31 May, the Company had approximately £7.6 million of cash, together with access to an additional approximately £10.3 million under its undrawn bank facilities and has approximately £11 million in advanced payments to its main contractors. As a result, the Company continues to believe that it has sufficient resources to carry it through the COVID-19 crisis and beyond."
What a joke.... Sell on news.... This should be over 20p today.... Will it be?
Colonel, a true gentleman, thank you.
Looks like Alpala is a world class asset but may be built out by others. Do all your holdings get taken over lol?
Thanks again.
Sparster
Colonel, is now a good time to get into SOLG? Just doing my research but as always would appreciate your view.
Thanks,
Spars
For any newbies to SHG - The Colonel is the Obi-Wan-Kenobi of mining shares and more specifically this board.
May the force be with you.
GL