Rare Earths Share Discussion Threads

[storming norm] 24/5/2012 18:47

48% up - on no news. Anyone any idea?

[induna123] 24/5/2012 15:31

Where's that from Tam?

[johncraven] 24/5/2012 14:03

Going up back up now. Maybe back to £10 a share

[tam oshanter] 24/5/2012 07:56

The company -- one of the few foreign-owned firms to have a licence from the Chinese government to export rare earth minerals -- reported revenue of 26.1 MILLION POUNDS and pretax profit of 2.8 MILLION POUNDS

MARKET CAP 210

?

[london calling] 17/5/2012 16:04

well back to just above float price. that was one of the quickest up and downs i have seen for a few years.

[knocknock] 15/5/2012 00:16

death of a 1000 cuts! nice n slow, bleed it dry!

[induna123] 11/5/2012 16:49

PMG went to 40p a share back in Jan 2011 giving a market cap of almost £300m.

[callumross] 11/5/2012 16:20

There is another very similar stock on the LSE at the moment called Parkmead Group (PMG), albeit that it has a reputable CEO in Tom Cross. This an oiler with a market cap of £100m despite only having net assets of £6m! When questioned, I am told that the premium is because of Mr Cross's expertise and acumen but is this worth £100m! So he has to multiply the current net assets by a factor of 16 just to justify the current price. No pressure then!

[bubble pricker] 11/5/2012 12:56

Hi Ian, I would venture a guess that you did not read the prospectus either, and you hadn't known that 2011 revenue was only about 60k.

You have done very well selling at 950 with minimal losses.

[ian 50] 11/5/2012 09:10

im afriad i got caught -- lovely i thought rare minerals new issue flying im in --well BIG MISTAKE AT £10.50--IM OUT --but what a mistake cost me nearly 1k

sold at 9.50 i reckon im a winner as its only going one way ,

what a ramp it was my error no real; DYOR

[knocknock] 10/5/2012 22:08

sausages? I'll have mine deep fried at 80p

[bubble pricker] 10/5/2012 14:44

london, have you read the AIM IPO prospectus? Revenue in 2011 was £60,000. The proper market cap of this company is about £1m, which equates to a share price of about 1.5p

[london calling] 09/5/2012 16:22

I claim my prize for successfully forecasting that this would return to the float price. The interesting question now is how low will it go. I think some of us are agreed that somewhere below a pound is ok. Smraynot has presumably gone back to his Hong Kong base or PR firm disappointed not to have lured more mugs into this one.

[london calling] 04/5/2012 23:20

well put mr Cawkwell. I think you have put your finger on it. fortunately for this kind of enterprise there is always a supply of mugs to be cajoled in by prospectof huge gains...i wonder if smraynot posts from Hong kong?

[mostro] 02/5/2012 22:29

so this dead dog refuses to lie down... Whole shebang was crooked from the start. To those who made money, well done... to the many more who were totally robbed, then remember the old confucis saying, originally in Chinese, 'There is little more enjoyment to be had in life than watching your neighbour falling off his roof'

[tam oshanter] 30/4/2012 13:30

20p seems generous - make it 17.5 and I will take a few hundred

[bubble pricker] 29/4/2012 17:30

Well, technically I agree it is not a fraud. Anyone actually reading the prospectus (which of course I am sure most punters who invested do did not do) can figure out that the assets are worth a few million at best and current revenue is almost non-existent. However, I wonder what the Hong Kong based promoters say to the retail punters when they promote the stock to them.

The AIM market should not allow this sort of rubbish to be listed.

[tenapen] 29/4/2012 08:53

True, the AIM market will take any rubbish with a higher price tag the better. Take ORCP for another example, Down c 65% since joining AIM one year ago.

sorry for the REG O/T

[simon cawkwell] 28/4/2012 17:45

Gentlemen,

I forgot to add that the prospectus will stand inspection.

However, what is interesting is that the AIM department do not really understand this and, even when it is explained to them, they do nothing.

Simon Cawkwell