REE 6.67% 1.4¢ rarex limited

Ann: SIGNIFICANT NIOBIUM ASSAYS ADD NEW DIMENSION - CUMMINS RANGE, page-64

  1. 2,495 Posts.
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    Welcome.

    I think that's an ok move.

    Could we move to 12-14c? Sure. Absolutely. The market is weird. I think it's going to take something to trigger such a turn and I think most of the panicy selling has happened. Could there be no annoucement tomorrow and people panic and sell for no reason and we move towards 14c? Maybe. In theory. Nothing makes much sense these days. We are not doing massive volumes, so in a sense any strong movement is magnified - great example is our Canadian friend, Kincora (KCC).

    I also think if we were to suddenly move towards 14-15c people would jump in quickly to cover it - this is a solid company of good management and good prospects. As we've now seen, any downness we have may not last for an extended period of time and the SP will come to stablise after a short period of ups and downs (ie. right now). That's very encouraging.
 
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