News: ABX Australian Bauxite Finds New Record High Grade Of Rare Earth Elements At Deep Leads, page-9

One Man Show, I don't believe there is any justification for saying the small bauxite sales have ceased. The Tasmanian bauxite is perfect for the production of fertilizer and management mentioned a few months ago that those sales have been continuing. There has been no public announcement to the contrary. Are you claiming you have information that those sales have in fact ceased? If so, then by all means please provide your evidence. If not, please retract your downramping comment.

You are partially correct in your other statement. The bauxite mining operations allowed ABX to fund themselves from 2016 to mid-2021, during which time there was no capital raising to support bauxite mining operations. During that time they have started two other potentially very profitable businesses, Alcore and rare earths. These new businesses require capital, which is not exactly surprising. If you have a problem with investing in businesses that are not yet profitable, then I suggest you are ruling out about half the ASX, and just about every small mining and tech company. ABX has done what hundreds of other small businesses have done, they have now raised money to fund those other two business opportunities, which I and many other newer investors are quite excited about. That's kind of the whole point of capital markets...

As for when the Alcore pilot plant will be ready, I believe they are aiming for the first half of next year, It was mentioned in the Nov 9 announcement (page 4) but its more or less impossible to give a firm date because of its nature. No one has ever done this before. And the border closures have been causing constant delays.