The company always stated it would only increase production if it has sales for the rare earths
Which ever way you cut this , cap raising, Sojitz some of both, it is an absolute positive for the stock .
I hope we all get a chance to buy in this cap raising.
Post the announcement the stock will be in a clearer light re the direction of the future sales and worth
For me a 1 in 10 share issue to double production is a ripping result ( at worst)
For a company this size to be hitting production with no debt and not relying on anyone but execution is fantastic.
Sorry to change the topic but regarding Thorium issue
if this becomes an issue no rare earth mine anywhere will be able to open , its a storm in a teacup
trading halt, page-37
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Last
$7.15 |
Change
0.010(0.14%) |
Mkt cap ! $6.683B | |||
| Open | High | Low | Value | Volume |
| $7.14 | $7.27 | $7.12 | $40.32M | 5.616M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 9062 | $7.15 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.16 | 6000 | 1 |
View Market Depth
| Last trade - 16.10pm 18/11/2024 (20 minute delay) ? |
| LYC (ASX) Chart |