Ann: Quarterly Activities Report, page-22

Its a good report, not sure why people are saying otherwise. Perhaps not pretty enough?

Basket Prices have increased, up 41% against a mere 30% last quarter. Thats a pretty big number for underlying commodity!
"The NdPr market price increase accelerated during the quarter (up 40% versus 31% during the previous
quarter) despite some correction at the end of March. The Dysprosium price which had been relatively stable
in the past quarters started to rally, while Terbium stabilized towards the end of March. As a consequence
of these market trends, our NdPr and SEG selling prices reached new records"


Cash reciepts are 56m x 4 quarters = 200m against market cap of 5b we are P/E 25. Thats not expensive for the current market expecially in the context of EV and underlying basket prices moving 41%.


Probably a hold for now, cant say it screams buy but with REMX up 2% it not a sell