Ann: Godolphin to Sell Lewis Ponds and Mt Bulga for $11 Million, page-19

I've been watching this company since it's IPO. REE doesn't seem to excite investors anymore. Narraburra has good tonnes and reasonable grades. There are a multitude of companies trying to get the courage to get into production but everyone is dragging their feet ,i assume waiting for others to go 1st. From memory they vended some rubbish tenements into OMX when they floated. As for floating off the REE i doubt that would be successfull, therefore the best way foreward is what the board have just done by freeing up money so as to lessen the pain trying a placement. That will come in a few years. At 4c i think it is worth a punt . Maybe they could give shareholders a sweetener with a rights issue at these levels.