Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
Has anyone any idea what is going on with the PGM project. We were so close to BFS - is it now totally out of our hands or do we still control any news flow until it is formally transferred. Are we going to hear anything? Extremely frustrated.
Price is simply reflecting the wider market for junior miners - absolutely no interest and the market sitting at multi year lows. Very hard to make any progress when you're up against that. Need a change in market sentiment for proper gains.
You normally find that consolidation occurs with companies that are pure explorers and have no revenues. The last decade has seen the junior mining market being hit for six. Companies are constantly shorted and diluted as they raise cash to further assets. Consolidation tends to occur when they near nominal value per share and they are forced into it. At the end of the day the market cap is unaffected. All things being equal, and with us (hopefully) becoming profitable shortly, a consolidation should be neutral - certainly no reason to sell.
They are an investment company - whether they are any good or not remains to be seen. This is simply a play on the junior mining market with diversified risk - junior market is at multi year lows at the moment so no wonder this is hardly setting the world on fire.
Apologies then. I thought it was you - second glance clearly trump. I still stand by my comments, however, that this has performed well in the face of a bear market onslaught.
What are you talking about. You said that in the past year, the price has done nothing. I said in the past year the AIM mining index had dropped 60%. How is that numbers to suit my purpose. Fact is we have massively outperformed the mining index - FACT.
aim mining index is down 60% in last year - not surprising little progress has been made in terms of the share price.
Have you seen the state of the junior mining market - it's truly shocking. The fact that we are not significantly lower than 12 months ago is really quite impressive.
Not even an LTIP - LTIP awards have performance targets attached - this is simply a free bung of shares.
Beamer - The "option" price is at 0.1 pence (not 1 pence). This is the nominal value and has simply been ascribed for accounting purposes. For all intent and purpose, this is an award of free shares - not even market priced options. Salaries are there to get someone into the role. Variable pay should be performance based which this clearly isn't. At the very least, these should be premium priced options (which on first glance i thought they were but clearly are not!). This is nothing more than a free bung - share price could half again, and his shares still have some value. He has taken no risk whatsoever.