Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
Last placing was around the same time last year. They'll surely need more funds. Any opinions what their current cash balance may be?
It's pretty obvious.
The wording, time of day, Friday afternoon just before weekend to shock ppl and let the message sink in. There was some substantial buying goin on Thursday and clear trend reversal. What a c***t.
How could Sandjet testing have already begun if:
Phase 2
Phase 2 rigless testing operations using Sandjet are planned to commence in early February to early March. The duration of operations is forecast to be for up to 21 days.
Regulatory approval of the Guercif Petroleum Agreement Amendment #4, which is proposing to extend the Initial Period of the Guercif Petroleum Agreement to 5 June 2024, is a pre-requisite before Phase 2 testing operations can commence.
The Group has continued to maintain liquidity above its financial covenant and will provide further details in its trading update on 20 December 2023.
PFC liquidity excluding cash held in joint operations exceeds USUSD75m.
What is its mcap again?
Thats all I need to know.
And it is getting even better.
As you can see here:
https://www.reuters.com/authors/yadarisa-shabong/
last authorised article comes from 30th Nov.
So I would say it is either a scam or Miss Yadarisa really published unauthorised article? hidden behind paywall and available only at these 2 sites:
https://www.xm.com/research/markets/allNews/reuters/petrofac-sinks-to-record-low-analysts-flag-balance-sheet-concerns-53708671
lol
https://www.tradingview.com/news/reuters.com,2023:newsml_L4N3CW2QN:0-petrofac-sinks-to-record-low-analysts-flag-balance-sheet-concerns
Https://www.tradingview.com/news/reuters.com,2023:newsml_L4N3CW2QN:0-petrofac-sinks-to-record-low-analysts-flag-balance-sheet-concerns/
https://www.reuters.com/site-search/?query=Petrofac
Lololol... good one. Whoever this guy is he's in big trouble.
I think it might be a good idea to send this to Petrofac IR asking for a clarification. Lets see what they say:
"I copied and pasted the answer that was returned by BARD on my question, however on re-submitting the question exactly as you put it, MY answer came back so:
"Petrofac has not formally defaulted on any of its loan covenants since my previous response. However, the company remains in a precarious financial position, and its future is uncertain.
In October 2023, Petrofac announced that it would be taking a $1.5 billion impairment charge on its oil and gas projects. This news sent shockwaves through the company's share price and raised concerns among its creditors. As a result, Petrofac's lenders agreed to waive certain covenants in its loan agreement.
The waiver of these covenants was a temporary measure, and Petrofac needs to demonstrate that it can improve its financial performance to secure a more permanent solution. The company is currently in talks with its creditors about a potential debt restructuring, and it is also seeking to sell non-core assets. If Petrofac is able to successfully implement these initiatives, it could improve its financial outlook and reduce the risk of a default."
This is OTC trading desk, a broker-dealer network as opposed to centralized exchange like Coinbase.
It is designed for Institutional and professional trading not for retail clients hence the volumes.
Average 24 hr volume traded (taken from GS20 site) looks to be 400 BTC and 5000 ETH and it is not in countdown.
This would generate meaningful revenue especially for such a minnow like GST. It is obvious that over the weekend when most institutions are not trading volumes will be much lower 200/3000 respectively but again they are not in countdown.
Discrepency in actual volumes recorded on sites like CoinCodex is due to HFT's. As for their stablecoin and FCA clearence it only matters for institutions trading from within the UK. Not a big deal at all.
I think they'll be 2-3 mil positive so probably go for between 1 and 2p but that's my take on it.
It's definitely no Purple Bricks. Safestyle have tangible assets worth millions.
It is lights out I'm afraid.
Bwahahaha.... sooo many sad individuals here who either already shorted the stock or hoped for cheaper re-entry. 1:0 for GR, brilliant, brilliant move placing done in da face of all those smart cookies. Now peeps keep talking it down you sados, hope you won't regret it tomorrow morning when we open up. Haven't had so much fun for years.