Ann: A$30 Million Placement and Termination of Ngualla Royalty, page-21

look at the commodity price and performance of LYC and the major Chinese RE stocks in the last week. The Rare Earths and ESG thematic is the strongest in 10 years.

Funds and institutionals cannot afford not to be invested in this theme or they risk looking like fools in 12 months time when the VERY small handful of ASX RE plays go 5-10x from here.

Look at LTR, INR, PLS, LKE in the lithium sector if you dont think its possible. When the funds get hold of a trade and push it... that's what happens. That trade is now largely done for those blokes and the bulk of the profits made.... they'll be looking for the next ESG commodity to push and there's not much left to choose from.

Now that Peak's very well flagged funding overhang is out of the way, it can focus on offtakes and financing. This is 12 months away from construction. Big wall of money and really only LYC, ASM, ARU, HAS, and PEK to choose from.... GGG is toast now and VML doesnt have a feasibility study. IXR still scratching away at a resource.

<8c is unlikely but ofcourse nothing is impossible but its a pretty useless stupid topic of conversation really.