As i mentioned in my first post this morning...
"Any short term adverse shareprice fluctuations that may occur will be just that…short term. Plenty of positive news is still on the horizon."
You claim that the company has been "poorly managed even in the current climate."
Lets look at the facts rather than unstubstantiated comments re "management".
The LIN shareprice fall from 45c commenced during the first week of August 2023. The initial cause was the announcement that the MRE had come in at 261mt @ TREO 2.19% . This was below market expectations. Management had no control over drilling results.
Next came the appointments of three new directors including Alwyn V . Reasons given by the company but some holders not happy with appointments.
Sept 2023 saw a MOU negotiated with CBG for the company's bauxite followed by news that the REE was non radioactive. There was also news of an offtake for the company's REE with Gerald Group. All positive announcements.
Oct 2023 thru till April 2024 news on the drilling results flowed.
In the meantime the company was active in seeking tenders for the plant, obtaining licences for the REE project, conducting presentations. FS in progress etc etc.
Also to be considered during the past 10 months was the fact that international REE prices collapsed and nearly all ASX REE stocks saw their shareprice fall substantially.
So where do you see LINDIAN being "poorly managed" since the Year High shareprice????
I see the company striving towards building a REE plant and heading rapidly towards production and rewarding shareholders with profits/dividends. Any bauxite production being a bonus.
In case you are not aware company directors do not manage or control a company's shareprice. Its market driven on many fronts. YES disappointing that it does not reflect LIN true value at present.
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Price($) | Vol. | No. |
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