i am holding, no matter what, page-7

My two cents worth.

There is a simple reason for current share price plunge.

From the latest quarterly, it shows sales of $6.9 million, and costs of nearly $38 million. A loss of $31 million. The tax department saved them a little, chipping in $14 million for R & D stuff)

By the end of this month, assuming generously that sales increase to $10 million, the expected costs are $56 million, plus a $1.8 million loan repayment. A loss of around $48 million.

With only $67 million in cash at the start of the quarter (plus some ready for phase 2), they will be down to around $20 million in funds.

Their latest presentation clearly shows REE prices dormant and production difficulties still in existence, so without a magic turn-around they will run out of money within a few months.

Imagine a capital raising at this share price level? Who would support it?

Milesy