Personally I think we have talked enough about this CR - it is not unique nor will it be the last which upsets LT retail holders.
To answer @phillop 's question. Of course manipulation of SP for gain is illegal - to prove it you would need to get a number of confessions - hardly likely. ASX could establish circumstantial evidence from trade data, but they and ASIC have a shocking history of litigation and anyway ASX is a for profit company too and brokers are on their income stream. I have long believed that only Government could clean up the market, but that might spoil our nice profitable little playground too. So the end is, IMO - just suck it up.
And also maybe Trump/Biden were to blame.
Grumble finished for Saturday morning - now a surf, and some work outdoors.
But before that.
1. Cummins, when mining lease and approvals are granted (expect fast track because REs are strategic), is a simple dig, concentrate and bag for export. Cash flow to die for in a very short time by comparison.
2. Mt Weld North, if it is a monazite bearing carbonatite approximately doubles the value of the company. New adjacent leases are probably for under cover placer deposits of weathered carbonatite.
3. We still hold about 7% of KCC and 35% of their JV free carried. Big bickie anns soon IMO.
4. REE holds some prospective ground on the western edge of the craton for Julimar style Ni/Pd.
So IMO, there is too much happening ahead to look at the wheel ruts behind. Do your own research.
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