Ann: ABx Group Launches SPP on Same Terms as Capital Raising, page-20

1) I'm aware of the share price stagnation which has seen the shares hover around the 10c mark for the last 5 years, however if you think the bauxite market has been easy for junior miners over that time due to the cheap bauxite China has sourced from West Africa, then you're misinformed...take a look at the share price of MMI, the only other Australian junior bauxite miner: 23c to 2c!

The main Aussie bauxite miners Rio Tinto/Alcoa are multi-billion dollar companies who have operated their mines for decades. A bit of a difference there don't you think?

2) "As for the rare earths ABX has negligible grades located in a very very small area. Do they seriously think they have a genuinely commercial deposit?"
You clearly have no understanding of the rare earth market. Grades for Ionic Adsorption Clay (IAC) deposits range from 500-2000ppm TREO. These grades might seem very low compared to other minerals and hard rock REE deposits, BUT, this is because IAC deposits have a much higher revenue basket price and much lower capex/opex eg. current price for Dyprosium is $600,000 a tonne,Terbium is $2,000,000 a tonne! (Bauxite sells for $30-$50 a tonne)

As for the "very,very small area", best to read the last few announcements which show the target size has increased significantly and yet to be explored:

If you are waiting for bauxite sales, then probably best to sell out and quit whining, as these are unlikely to happen in the near term...I have bought in recently due to the rare earth project, which has the potential to transform the company.

Cheers
Maverick