Bizzo, China, I appreciate you have your own perspectives, and respect there are some with differing investment term goals than my own who might be frustrated with the share price range recently.
I'm here for production, and going by the progress and team now in place, there's no doubt in my mind that's where we're heading. If a take over eventuates (not my preference), that will take care of the share price as a result, otherwise per normal the market determines the value, I can't argue with that - but I can be patient and trust the demand forecasts will play out, and the market will catch up to the demand for REE down the track.
In my view we can't align the current SP with any lack of pace or delivery in the last 12 months, quite the contrary IMO.
To be fair, Andrew did move on - to Chairman, and brought on board a great CEO in Nick Holthouse with REE experience from Hastings. Peter Gundy just joined the team - the wealth of experience in REE processing, industry connections he brings can't be underestimated - I suggest anyone interested to look at his background closely.
The calibre of the team Andrew is assembling here is impressive in my view. And the major shareholders we have on board speaks volumes - for example Tolga, Rick Rule / Sprott - These gentlemen aren't here for pips, IMO they are here to see through to production - certainly Tolgas notable track record in bringing and following projects through to production, and Rick Rule is on public record with his sentiment on that account.
The state government is on board! With that agreement in place, it secures support for permitting etc and fast tracking to production. There's a lot of farmers and locals lives that will be changed with the jobs and economic activity this project will bring, which will be a boon for the region.
We're well on track IMO, and I back Andrew and the team 100%. Appreciate some have differing views to performance rights, or how they're structured, and assume voted accordingly - though the motions all passed with the vast majority of votes in favour, which suggests to me the vast majority of shareholders (including the above) agree and are happy with the progress so far, and the plans in place to get to production. IMO those who hold for the long term will benefit greatly when that time comes.
IMO, DYOR.
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Open | High | Low | Value | Volume |
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Price($) | Vol. | No. |
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No. | Vol. | Price($) |
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2 | 61698 | 0.097 |
1 | 250000 | 0.095 |
3 | 328700 | 0.094 |
6 | 697752 | 0.093 |
4 | 174702 | 0.092 |
Price($) | Vol. | No. |
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0.100 | 6000 | 1 |
0.105 | 1384097 | 16 |
0.110 | 916514 | 13 |
0.115 | 1360654 | 6 |
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