Now now, don't be like that. I was in a mood last post on account of being caught by some other lying mofo another stock, all true but a bit harsh maybe. I do aplogise. If you read all the way through this release the catch is at the end... needs to get funded first.
It's the same confidence trick they been playing last 18 months. Repeat "Australia's next rare earth mine" often enough and the market starts to think it's true. Most importantly, swagger into pollie offices with the attitude it's a done deal, already spent a hungee, got another hungee in the bank, only thing stopping Oz getting it's next rare earth mine is those Chinese @#$%^%#'s pushing down the NdPr price to spite us. Come Minister for Bad Ideas, supply chain security, jobs, etc... one big grant and we're away.
Just don;t look closely at what NdPr price Yangi needs to be is cashflow positive, how much higher to service and repay large amount of debt, who is going to take the radioactive mon-con and process outside of China, etc...
So I repeat... never say never when government has their thumb on the scales. Especially when it's getting thrown around with wild abandon.
PS.. see Kalium Lakes went into administration today, taking another $100M NAIF funds with them, just like SO4 before that. Meh, government funnyr money, doesn't really matter.
GLTAH
(20min delay)