Management has no idea what to do and are just grasping at straws at this point.
Firstly, the Company should be producing battery-grade ferric phosphate, not phosphoric acid as it’s a commoditised product not distinguishing us from the masses and ppa still needs another link of processing to get to LFP cathode feed. They should have started this 12 months ago when the pivot to phosphate was made.
Secondly, should be using more resources in China to better handle the REE metallurgy, rather than service providers in AU. The Baotou firm is a good choice but there are others and desktop research on this exact mineralogy which would help.
Thirdly, on the corporate business development, should liquidate all our external holdings such as CREC, Cosmos, and Kincora and acquire a HREE project and shore up the cash position.
Finally tie up with a conglomerate to take a position in the company equity level or project level.
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