PALA $12 million investment in Rare Earths [link]
PALA invests in Rare Earths Rainbow earths EXCEEDINGLY HIGH IN-SITU GRADE: 54.3% ON AVERAGE TREOLARGE, HIGH QUALITY MINERAL INVENTORY:Contains in-demand CREOs (Neodymium, Dysprosium and Europium) and PraseodymiumSRX REOEOs in the HTTs is attractive and contains high concentrations of neodymium, lanthanum and praseodymium. HTTs are produced from Sierra Rutile's existing dry processing plant and, as such, the REOs are not in the ground, but in a by-product stream from Sierra Rutile's existing production of rutile and ilmenite. The HTTs are the same source from which Sierra Rutile already recovers its zircon by-product by re-processing it through the dry processing plant.Figure 1Rare Earth DistributionsSRX Tailings sampled - Rare Earth Distribution (%)1Cerium 49.33%Praesoodymium 4.84%Neodymium 19.37%Dysprosium 0.14%See table many more REO'S
Re: who sold I think the price is still highly discounted and topped up again today
who sold So Pala also agreed the share price was too low. I wonder which institution sold. It seems doubtful that the brokers could have acquired 13 M shares from P I 's. I expect another rns will answer the question. Wish I had purchased more earlier this week.
Re: 57 minutes - got to be a record! Well well well PALA have increased holding by 13 million shares Is history about to repeat its self could it be another cash offer. keep them shares safe ATB [link]
Re: 57 minutes - got to be a record! Yep, about 1% of the company. Imagine we'll see another RNS about that in the next day or two. Someone must have crossed another notifiable threshold, be they internal or external.
Re: 57 minutes - got to be a record! That 5 mill at lunch is an eye opener Fair chunk of SRX
Re: 57 minutes - got to be a record! Still a couple more Director buys to follow yet imo ATB
57 minutes - got to be a record! 09:59:56 19.5 51,00010:57 Sierra Rutile Ltd - Director/PDMR ShareholdingSierra Rutile Limited (AIM: SRX) ("Sierra Rutile" has today received notice that Michael Barton, a Non-Executive Director and Chairman of Sierra Rutile, has purchased 51,000 ordinary shares of Sierra Rutile at a price of 19.50 pence per share.
Todays trades The large trades occur at around the same time without really moving the share price at that time. Four trades at 1,500,000 and one at 1,800,000 shares. I suppose an announcement will be made tomorrow. Take out the directors and the three largest shareholders and todays trades represent almost 10% of the remaining shares in issue. Or if equal purchases and sales then 5%. My system is showing most as buys though which is odd as the price should have moved. Have to await an announcement. Should be one.
Re: share price F me - just checked the days trades - my top up was timely!
Re: share price Fully funded mine - no fundraising
Re: share price They don't need cash, also very oversold. 10 million volume largest for 4 years someone has bought or transferred around 10 million shares in the last 2 days ATB
Re: share price Sorry guys this previous post was meant for another boardHowever principle remains the same if they need cash
Re: share price Seen this so many times beforeAnd lost a fortune in the processAt some point in the near future they will need to raise funds and then with a share dilution the stock will fall.Once production picks up this one may pay off but I see a rocky road ahead and some people will get badly burnt