I agree with you that the report was a bit disappointing and expected to see more then just 15m paid back plus I didn't like this bit either "We are now targeting sustained production of NdPr at 500 tonnes/month, or about 14% above design rate." If by that they mean they will be running the plant at 14% above design rate then the chances are they will run it into the ground in no time and waste more time closed for shutdowns then they will be putting out NdPr. I'm glad I didn't wait for the report to sell and today I've put some of the money on the would be competition.
Despite all the above I don't fancy your chances of getting in at 14.5c anytime soon , not unless the NdPr prices tanks further which is always a possibility with new supplies coming online or company decides to do a CR post consolidation to reduce debt.
IMO your 16c target could be a possibility post consolidation ($1.60) so you may get your chance to get back in then.
Ann: Quarterly Activities Report, page-59
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