To quote the report:
"Exploration business is being rationalised through the sale of a Rare Earths Element tenement for $100,000 and advancing negotiations for the divestment of the remainder of the business that would reduce the Company’s annual cost base by $600,000."They have given no indication of their expected sale value for the remaining tenements and assets but with $600K p.a. of costs, one wonders if it would not be just as effective to walk away from them rather than spending further money trying to sell them in a depressed REE market.
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
2.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $29.57M | |||
| Open | High | Low | Value | Volume |
| 2.5¢ | 2.7¢ | 2.5¢ | $200.2K | 7.867M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1825170 | 2.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.6¢ | 130434 | 1 |
View Market Depth
| Last trade - 16.10pm 13/06/2025 (20 minute delay) ? |
| ION (ASX) Chart |