Ann: RARE EARTH PROJECT UPDATE , page-20

Wrong call, the announcement wasn't underwhelming. Rather, anything to do with mining has been hit over the last three days. Put simply, their timing was as bad as it gets.

Checkout BHP, RIO, FMG, etc, then one can easily see it's a background thing, not a CUX issue. Indeed, it will be seen that CUX have held up quite well compared to some of the others. Say LYC, for instance, who are far more mature in the REE game yet in possession of no current bad news at all.

Further, given that Pancon are a diversified Canadian miner, and not reliant on CUX for a living, they have been hit too. It's an across the market phenomenon, where speculators have made exits for the purposes of capital protection