The company that owned this project couldn't be bothered to do a feasibility study on it, even though their own PEA suggested doing that could add value. My suspicion is that management of Itafos were delighted to off load this project.
Still waiting for a single person in favor of the project to explain why it is called a Niobium project (the latest announcement dropping the "High Grade" bit), at all when 88% of revenue is expected to come from REE and not Niobium according to the information in the PEA?
Also still obvious to anyone paying attention that a lot of fake bids are disappearing as the stock gets sold into. Just yesterday there were 5M on the bid at 3.4c and another 8M at 3.3c. There always appears to be lots of 'willing buyers' just below current price but if a couple of million are sold at the bid, the nearest to market action seem to collapse fairly quickly...
SGQ Price at posting:
3.4¢ Sentiment: None Disclosure: Not Held
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