It's been my hunch for some time that REE has got their nickers in a twist over the MoU with Shenghe - my view was it was not popular with shareholders and also not with Oz and US and EU governments. Just a hunch OK !! Sweep it unnoticed under the carpet is the best thing for it IMO.
And @mornington the recent round of drilling including deep diamond has ONLY JUST started - your post is misleading, check here -- 3 weeks ago !!!
It could be two months till the assays come through, unless they hurry selected sections. That drilling is what share price is waiting for, I expect some buying in anticipation, so does Morningstar it appears. They value it up 40% from current.
Ann: Major New Growth Drilling Program Underway at Cummins Range, page-33
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1.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $11.06M | |||
| Open | High | Low | Value | Volume |
| 1.4¢ | 1.4¢ | 1.4¢ | $1.795K | 128.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 2420281 | 1.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.4¢ | 295890 | 1 |
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| REE (ASX) Chart |