Small seed raise done at 16c and the other pre IPO shares held by the directors/project vendors. To date has not traded below the seed raise price so hardly a disaster is it?
I have found the company very approachable when queried on the current projects and strategy for additional projects.
Initial top 20 was a little loose at 44% and that could be what we are seeing now as the smaller holders required for spread requirements sell out at opportunities close or over the IPO price.
I'm happy to continue to accumulate at circa $2m EV (or below) as the real news flow starts for the current lithium/REE projects and the potential of additional projects acquisitions as mentioned in every price sensitive announcement post listing (and the prospectus).
I feel some patience will be well rewarded here - lets see and good luck to all holders.
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