We were not really REE focused the past few years prior to the ARAXA Project purchase. Therefore, we cannot use the REE market slump as an excuse because we were mainly drilling for precious metals, base metals, battery tech minerals etc. The fact we found no economically viable deposit after so many thousands of drilling metres was the main cause of the share price decline IMO. The market started to lose confidence that we would find anything of value and eventually be diluted to nothing. Also, Cu, Ni and Li prices crashing did not help the cause either.
At the end of the day, it is all history, we now have a REE deposit companies can only dream of, in a REE market which has never been as bullish in my view. Multiple drill rigs are in operation and the news flow is about to ramp up in a massive way - the stage is set! After being a holder for around 5 years and you tell me to look at the 5-year chart, I no longer see disappointment. I see opportunity. If we get anywhere back to those 20-30c levels, then we are all going to be extremely happy. Who knows, it could be a lot higher than that if you look at our peers such as WA1.
SGQ Price at posting:
4.1¢ Sentiment: Buy Disclosure: Held
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