I am not fussed about an updated SS.....why?
"Ionic Rare Earths (“IonicRE”) is focused on developing its flagship Makuutu Rare Earths Project (“Makuutu”) towards production."
This is like their mission statement.
The SS issue is small beans, really, in the overall picture.
IMHO management should have their heads down moving step by step forward towards stated goals, asap
- infilling to firm up indicated resources, RC drilling to expand knowledge of potential of other areas under license, keep stepping towards BFS, Environmental and Social Impact Assessment, furthering metallurgical testwork,
and, incidentally, progressing the possibilities for marketing Scandium.
All with the aide of Chinalco to provide expertise.
As well as increasing their % ownership.
Keep all that in good order, and management will be doing their job and the SP will react accordingly.
If you jumped in just prior to SS release hoping for a spurt, I can understand some disappointment for sure.
However, well-researched speculators would have known only indicated resource numbers were going to be on that table.
RSI looks oversold so get in for some with an 12-18 month outlook minimum.
Hopefully this will be Tier 1.
Another option is a generous TO, taking into account total resource, rare earth market/supply/prices going forward.
I'm small time and wet behind the ears but my main regret is I don't have more cash to chuck in.
GLTAH, DYOR, etc
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