AS I stated in another thread, we need new management that is more communicative but even more importantly a farm-in jv partner with better credentials and know-how for REE exploration. For goodness sake we are virtually surrounded by Hastings and Dreadnought which have proven very successful in their exploration. I cant understand why at this market cap with little hope of raising funds in the future without huge dilution that management seem oblivious to a pathway that gives us more hope. 50% of a lease retained in a jv is better than 100% of where we are at right now. Only other hope I can see it that one or the other of our neighbours take us over. Might get 1.5 cents in such a case. Dreadnought is chasing the carbonatites near to us and having such success and given that we have 10 identified carbonatites ( at least) on our lease surely we should be having some success.
LNR Price at posting:
0.8¢ Sentiment: Hold Disclosure: Held
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