I have no doubt that at some point in future all the REE companies will become great investments. for the near term 4 ~ Qs there is a very high probability for price to go down. Near term earnings just do not support the current price. it is possible something will happen and price will soar. To keep my portfolio secure so I can lie off it I will invest where the short term odds of success are much better with a company with rising revenue and profits. Not one with 2 years of declining revenue and profits and A PE of over 30. Everybody cheered and said here we go a month ago when NdPr prices went up 10% on Monday, yet not a whisper when they dropped below the price the preceding Friday this week. Q3 2022 revenue 327M, Q3 2024 101M. when prices were going up seldom did a day go by without someone posting how important revenue was and how most went right to bottom line. Now with prices going down not a word about the effect of declining revenue.
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